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MBtrading split fills
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MBtrading split fills
I keep getting errors with MB Trading when they fill my Forex orders with odd split fills. I place an entry order for 7000 EUR/USD Forex units, MB Trading executes the order as a split fill for 500 units and another fill for 6500 units. When NT gets the fill for 500 units, it sends stop/target orders for 500 units back to MB trading. MB Trading, then returns an error saying that trade quantity should be a minimum of 1000 (micro lot), and so NT cancels out the entire order of 7000 units. Is there any way around this?Last edited by monpere; 11-29-2011, 09:37 AM.Tags: None
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Apparently, MB Trading has code that checks for a minimum of 1000 Forex order share quantity, but they will partially fill orders with amounts less then 1000. When they do a partial fill of less then 1000, they report the amount to NT, and NT proceeds to attempt to send stop/target orders for that partial fill amount, which will now violate the MB trading quantity rule.
If MB Trading has a minimum Forex order share quantity, they should not allow partial fills of less then that minimal quantity, because any partial fills smaller then that minimum quantity will cause this error. MB Trading almost always executes in partial fills, if they do not change this, this error will become so prevalent that it will make the NT/MB Trading combination unusable for Forex. NT should keep the pressure on MB Trading in working out this issue.
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