IB Short Stock Unavailability Disables Strategy

[wuilengh]

Hi,

When running a strategy which places a short order on IB for which shares aren't available for shorting (if manually trading it says your order will be held while IB locates shares), I find that NT immediately disables the strategy.

Is there a way to deal with this by putting something in the code to bypass this error. Such as if shares of A aren't available for shorting, rather than disabling the strategy, short B as a proxy instead?

Thanks in advance.

[NinjaTrader_Joydeep]

Hello wuilengh,
You can set the Realtime error handling to TakeNoAction so that the strategy does not gets disabled.

Please refer to our help guide to know more about it

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?realtimeerrorhandling.htm

[wuilengh]

Thanks, is this problem definitely recognized by NT as an "OrderState.Rejected" though?

// Rejection handling
if (order.OrderState == OrderState.Rejected)
{
// Stop loss order was rejected !!!!
// Do something about it here
}

[NinjaTrader_Joydeep]

Hello wuilengh,
Yes, the rejected order will be triggered in the OnOrderUpdate event.

http://www.ninjatrader.com/support/helpGuides/nt7/index.html?onorderupdate.htm