Order rejected - Exceeds instrument's maximum position quantity

[kiffgj]

I'm using NT8 (v8.0.24.2) with unmanaged orders.
I have a requirement for some strategies to reverse a position but only if an MIT order is filled, so I can't close the current position then submit an order to enter in the new direction. Instead I submit a single MIT order for the reversal (close & enter). For example, I'm 5 short and now want to go 5 long, so I submit an MIT buy order for 10. However I sometimes get the following error:

30/04/2021 11:25:00 Order Sim101, Order 'ee8a18e8f9ea41e6af66d6c44caf0a03' can't be submitted: Exceeds instrument's maximum position quantity. affected Order: Buy 10 MIT @ 15235

Please note it's stating the "Instrument", not "Account" maximum position quantity. I have the Account maximum position quantity set to 0, I've tried changing it to 100 and it makes no difference at all. The instrument in question is FDAX on Eurex.

[NinjaTrader_Marco]

Hello,

Thanks for your post.


This error occurs when a risk template has been applied to the account and the risk template does not have a definition for the instrument you are trading.

To resolve this, remove the risk template from the account, or add a definition in the risk template for the instrument being traded:

• http://ninjatrader.com/support/helpG...ding_risks.htm

If this risk template is applied to a live account from the broker's side, you'll want to reach out to your broker directly to manage this.


Please let me know if I may be of further assistance.

[kiffgj]

I'm very new to NT and hadn't even looked at the Risk settings.
I am currently using the Sim account and Risk was set to "None", however it appears that has a default max position of 10 for FDAX, so I created my own Risk profile for FDAX and set it to 50, now it's working fine.

Many thanks for your prompt and concise response, as a MultiCharts convert, it's very encouraging to see!