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Date/Time: Fri, 26 Apr 2024 03:20:42 +0000



Post From: Trading Order Errors, Unable to Modify Order, Scaling Issues

[2022-11-24 21:44:57]
Sierra_Chart Engineering - Posts: 14092
Yes the rejection message definitely indicates this:
Can you verify if this error is from SC's internal Position limit setting

Trade Order Error - Order will cause symbol settings Position limit to be exceeded. Limit: 8. MaximumPotentialPositionQuantity: 12. Position: 8.

From documentation:
Both the Global Trade Position Limit and the Trade Position Limit, that can be set for an individual symbol, consider the quantity of all working open orders even those that are pending cancellation and established Positions. It will consider what is the maximum resulting Trade Position if all of the orders were to fill. There is consideration to certain specific scenarios, where a new order will reduce risk. In this case, that order will be allowed. However, there are certain strict conditions that have to be met. Therefore, an order that seemingly will not change the Position quantity or would reduce risk by reducing the Position Quantity, can still be get rejected. This is to ensure that the Position Quantity Limit will not get violated under the vast majority of scenarios. It is important to understand this.


To prevent the new order from getting rejected, first cancel the other working orders.
Sierra Chart Support - Engineering Level

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Date Time Of Last Edit: 2022-11-24 21:46:09