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Stop Order Rejected by Interbank Party but No Stop Order used
 Post subject: Stop Order Rejected by Interbank Party but No Stop Order used Post rating: 0   New post Posted: Thu 01 Nov, 2012, 14:46 
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JForex v2.18.19

An ordinary Take Profit was rejected with the message:

13:32:41 Stop order has been rejected by interbank party. System will resubmit this order.

No stop order is used, this is an ordinary Take Profit (MIT) with a Stop Price of ZERO, indicating No Stop desired.

Subsequently, the Take Profit is filled normally. I have seen this several times in Live trading.


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 Post subject: Re: Stop Order Rejected by Interbank Party but No Stop Order used Post rating: 0   New post Posted: Thu 01 Nov, 2012, 14:59 
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Location: United States, Durham, NC
I suppose the interpretation of this should be that a Take Profit is technically dealt with in the same way that a Stop is handled. For a Long position, either one Sells to "stop" (close) the position. The wording of the message is slightly misleading to the normal trader.


 
 Post subject: Re: Stop Order Rejected by Interbank Party but No Stop Order used Post rating: 0   New post Posted: Fri 02 Nov, 2012, 13:27 
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Location: Geneva, Switzerland
Indeed. We will investigate this.


 

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