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Date/Time: Tue, 25 Feb 2025 10:08:26 +0000



Post From: **Live Trading** Buy Stop-Limit errors...

[2021-04-06 14:46:41]
User414533 - Posts: 106
Okay, I got a little more information from the Trade Service Log:

"Trade Order Error - CQG order update. Status: REJECTED. Text: Buy order stop price must be above last trade price"

Sounds pretty straightforward. The question I have is, I have used this type of order for months on Market Replay and have never been rejected or received an error message. I understand the obvious differences between live/replay trading, but with Market Replay being touted as so realistic that it even has an estimated order queue, shouldn't it post an error if I try to enter a Buy Stop-Limit w/ the price already above the Stop?

And would you be able to recommend another order type that will prevent this error from occurring in the future while trading live? I recognize a market order would be one solution. Is there another?