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Require market data for order submission / Why?

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    Require market data for order submission / Why?

    Hi,

    What is the purpose of requiring of the market data before the order submission? I'm asking because I've got an error message "Unable to submit order now: no market data availble". That was odd, because the Interactive Brokers was connected. I was sending a limit order.

    Thanks!

    #2
    imported post

    You can disable this via the IB Connection settings. The reason is that many of the broker technologies that we support require market data before placing an order. This is just an underlying feature of the framework that NT is built on.

    Ray
    RayNinjaTrader Customer Service

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      #3
      imported post

      Hi,

      I know that there is a possibility to disable it. The question is what would I miss? Would the system be less stable? And how often the does this error occur with Interactive Brokers? (And why?) That's imortant for me because I'm trading through API and I'm not arround when it happens.

      Thanks!

      Comment


        #4
        imported post

        You miss nothing. There is no negative implications.

        Ray
        RayNinjaTrader Customer Service

        Comment


          #5
          Hi,

          I am receiving this same error when a strategy is executing an order against MBTrading. Can you tell me how to fix this? The instrument in question is a valid instrument.

          Thanks

          Comment


            #6
            Hi bridenour, are you getting realtime data successfully from MBTrading? Which symbol are you trying to execute on?
            BertrandNinjaTrader Customer Service

            Comment


              #7
              FCX was the symbol.


              I am using both MBTrading and IQFeed. I assume i am getting the data, but not positive. Some orders went through OK.

              Comment


                #8
                Do you connect to IQFeed first and then to MBT for execution?

                Please check the incoming data with the basic entry tab in the Control Center for your FCX symbol.

                Thanks!
                BertrandNinjaTrader Customer Service

                Comment


                  #9
                  I do connect to IQFeed first.

                  FCX does not have a quote show up in the order entry screen. I checked the instrument setup and "Default" and "NYSE" are both checked.

                  Comment


                    #10
                    Hi bridenour, are you sure you are enabled for this type of data / trading from IQFeed / MBT?
                    BertrandNinjaTrader Customer Service

                    Comment


                      #11
                      It says "Unable to submit order now: no quotes available."


                      I am enabled as far as i know -- its just an NYSE listed stock. I am successfully trading other similar instruments with this strategy.

                      Comment


                        #12
                        In the order entry tab, I changed the exchange to default and it pulled up a quote. However, the quote is static -- its not changing.

                        In MBTrading, I get a live and changing quote for this instrument.

                        Comment


                          #13
                          Which versions for IQFeed client and MBT Navigator are you using on your setup?

                          For the latest IQFeed version, please check here - http://www.ninjatrader.com/webnew/support_IQFeed.htm

                          For the correct MBT Navigator 11.1.0.2 - http://www.ninjatrader.com/webnew/support_MB.htm
                          BertrandNinjaTrader Customer Service

                          Comment


                            #14
                            I will try those tomorrow and see how it works...thanks!

                            Comment


                              #15
                              I just checked my software versions. I am using the same/correct MBTNavigator version.

                              The IQFeed version i am using appears to be more recent than the one the link you have me is pointing to. Should i be using the older one that the NT page is pointing to?

                              thanks

                              Comment

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