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PLACE_OFFER max rejected count reached
http://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=81&t=50442		 Page 1 of 1
Author:  hyperscalper [ Mon 02 Dec, 2013, 00:10 ]
Post subject:  PLACE_OFFER max rejected count reached
This Live PLACE_OFFER order reached "max rejected count" so it is cancelled.

It doesn't seem to me that a limit order should be cancelled simply due to rejection count.

So the counterparty doesn't accept it, why shouldn't it stay on the ECN?

(I tried to edit and replace by a more complete image of the same name, but
the delete/replace doesn't work properly so the lower image is the one with
the timestamps.... )

HyperScalper

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Author:  API Support [ Thu 05 Dec, 2013, 15:35 ]
Post subject:  Re: PLACE_OFFER max rejected count reached
Do you have an example strategy which replicates the issue?
Author:  hyperscalper [ Sat 07 Dec, 2013, 03:03 ]
Post subject:  Re: PLACE_OFFER max rejected count reached
No, but there's nothing special about it, just PLACE_BID
or PLACE_OFFER in a thinly moving market so that the
bid/offer just "barely touches" an acceptable price level
and encounters successive rejections.

Again, a very slowly moving, wider bid/ask spread during
quiet times and this behavior can be observed.

It is not very often that this occurs, but it's concerning
that the limit order is cancelled simply as a result of
rejection. The order is perfectly valid...

Normally more frequently you'll get "order rejected by counterparty,
will be resubmitted". But this is a different case,
apparently.

HyperScalper
Author:  API Support [ Mon 09 Dec, 2013, 17:43 ]
Post subject:  Re: PLACE_OFFER max rejected count reached
Do you resubmit the order, or the continuous resubmission attempts are done by the platform? Can you replicate this by doing manual trading?
Author:  hyperscalper [ Mon 13 Jan, 2014, 13:44 ]
Post subject:  Re: PLACE_OFFER max rejected count reached
This was not a resubmission by my code. The platform was doing it.

Specifically standalone API 2.9.5.1

HyperScalper
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