Order Rejected Strategy Stopped - causes and actions to avoid

MicroTrends Support

September 09, 2014 08:58

Hello, 

I am a monthly subscriber to the MT framework. I tried using the auto trade strategy (ATR Volatility Breakout) for the first time and received an error (see attached screen shot). Kindly advise.



Regards,
A Trader

 

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  MicroTrends Support

  September 09, 2014 08:58

  Hi

  Order rejections by default in NinjaTrader - stop the strategy and cancel all order and positions.

  Setting to ignore rejections - you can override the default NT behaviour with the following setting

  General Parameter 
  MT Realtime Error Handling 
  1. StopStrategyCancelOrdersClosePositions 
  2. TakeNoAction 
  Note: Please make sure you are in attendance monitoring live trading - so you can close or cancel... if required etc.

  Likely Causes 
  A. An entry order rejected due to the Market moving so quick an order was rejected 
  B. A stop or trail tried to move in and the market moved - so it was rejected 
  C. An order was rejected due to insufficient funds

  Live trade Scenario 
  If this was a live trade scenario: 
  your broker will also have a reason why the order was rejected

  e.g...Was this a sim account, Demo or live trading account

  How many lots are you using? 
  Is there enough margin in the account?

  LOG 
  You can also look in the NinjaTrader control center log and export to Excel the messages in it -and send over as an attachment so we can see the reason it was rejected.

  If you would like us to investigate and suggest what happened and how to avoid - other than setting the order rejection handling please consider the following.

  Steps to reproduce 
  We would need some information to understand what caused it and how to get around it.

  Chart 
  Which instrument was this, 
  dataseries 
  Range, Minute etc 
  Default 24/7 or other session template

  Was this caused a fast market spike? 
  Can you provide a chart screenshot of when it occured?

  Settings 
  Please can you provide the settings you are using for the ATR Volatility Breakout Strategy?

  Strategy Template 
  If possible you can send over the strategy template itself. 
  Simply right click the strategy parameters > set Default

  Then attach and send the strategy template file from the following location:

  \Documents\NinjaTrader 7\templates\strategy\MicroTrendsSignalsATRBreakout

  Parameters of Note. 

  Or you can send a series of screenshots in particular we would like to to see

  Stops 
  Trail 
  Targets

  MM Position Size 
  MT Realtime Error Handling

  Please let us know if you require further assistance.

  many thanks

  John

  MicroTrends Support 
  support@microtrends.co 
  http://www.microtrends.co/support/

  Tip! You can visit the help desk forum to see previous answered frequently asked questions: 
  http://microtrends.zendesk.com/forums

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