Rejected Order - Submission vs Execution

[kevinenergy]

Hi there,

I need some guidance with handling rejected orders. Sometimes orders get rejected when you submit them e.g. a StopMarket order that's on the wrong side of price. And sometimes orders get rejected when they get hit. For example a Forex order, which gets hit but can't fill due to insufficient margin.

How can I differentiate between these two different order rejection scenarios?

Thanks

Kevin.

[NinjaTrader_Kate]

Hello kevinenergy,

Thank you for your post.

RealtimeErrorHanlding is set in OnStateChange under State.SetDefaults. You can set this to RealtimeErrorHandling.StopCancelCloseIgnoreRejects , and the strategy will stay running when a rejection is encountered.

You can check for an order that is rejected in OnOrderUpdate by checking if (order.OrderState == OrderState.Rejected).

When a rejected order is detected, you can also check the ErrorCode string, and see if it contains the string you see for that particular rejection reason.

If you see a rejected order and you see the specific error message for that order type, you have determined the rejection that was received was the order being on the wrong side of the price or insufficient margin.

If you see a rejected order and the message contains a specific message like that, you can treat it like any other rejection that would previously disable the strategy and invoke the Stop Cancel Close behavior by calling CloseStrategy(), or you could choose to resubmit the order if it's a stop rejection or close the position.

CloseStrategy() — https://ninjatrader.com/support/help...sestrategy.htm

Please let us know if we may be of further assistance to you.