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Order xxxxxxx was REJECTED: Rejected by counterparty
[QuadLaser]
 Post subject: Order xxxxxxx was REJECTED: Rejected by counterparty Post rating: 0   New post Posted: Tue 20 Apr, 2010, 02:18 

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Joined: Wed 31 Mar, 2010, 22:09
Posts: 6
I have an offer to sell .24 GBP/USD resting above the market.

I see this message in the log many times :


23:06:28 Order 6183837 was REJECTED: Rejected by counterparty
23:06:27 Order 6183837 was REJECTED: Rejected by counterparty
23:06:20 Order 6183837 was REJECTED: Rejected by counterparty
23:06:18 Order 6183837 was REJECTED: Rejected by counterparty
23:06:13 Order 6183837 was REJECTED: Rejected by counterparty
23:06:05 Order 6183837 was REJECTED: Rejected by counterparty

The bid is moving up and touching my order, but it's not getting filled.

Could my fractional (.24) order size cause some liquidity partners to reject my order? Will I get more fills if I use .20 or .30 instead of .24?

Quad Laser
 
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 Post subject: Re: Order xxxxxxx was REJECTED: Rejected by counterparty Post rating: 0   New post Posted: Wed 21 Apr, 2010, 08:13 
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
Hi,
you need to set some slippage. Please consider this https://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=5&t=4478
 
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