Login Page - Create Account

Support Board


Date/Time: Thu, 28 Nov 2024 21:46:33 +0000



Post From: Server-side 1-contract OCO orders counting as a 2-contract position?

[2023-04-05 08:57:43]
User251043 - Posts: 46
Hi,

For MNQ I have set a position limit of 1 contract. With no positions (or other orders placed) I place an OCO order and both Teton and Trading Evaluator services tell me:

Teton CME Order Routing (Order reject). Info: Trade Order Error - Order with quantity 1 will cause symbol settings Position limit to be exceeded. Limit: 1. MaximumPotentialPositionQuantity: 2. Position: 0. Text: Tag: MNQprueba 1.twconfig. Internal Order ID: 6276. Service Order ID: 2020164. Symbol: MNQM23_FUT_CME. Account: XXXXX | 2023-04-05 09:58:27.181 *

Trading Evaluator (Order reject). Info: Trade Order Error - Order with quantity 1 will cause symbol settings Position limit to be exceeded. Limit: 1. MaximumPotentialPositionQuantity: 2. Position: 0. Text: Tag: MNQprueba 1.twconfig. Internal Order ID: 6344. Service Order ID: 4781996. Symbol: MNQM23. Account: XXXXX | 2023-04-05 10:38:52.246 *

Why does it consider an OCO order (Limit and Stop Limit) of 1 contract to be a Maximum potential position of 2? As OCO, they should be 1 contract position. What do I need to configure so it considers them just 1 position?

Thank you