Problem buying GBTC

[7robert]

Hello!! I have a strategy that buys in GBTC, she has operated without problems, however today she could not execute the order and the log shows me this information. My execution is at the ask price. But I don't see any errors that describe what could have happened

This is what the log shows:

2021-05-11 19:44:59:931|1|16|NinjaScript strategy 'Percent_b_indicator_8_realtime/207013772' submitting order

2021-05-11 19:45:00:164|1|32|Order='ec2a706a566c4dee97a3bdc69 d598ac9/ACCOUNTREMOVED' Name='Percent_b_indicator_8_EnterLong' New state='Submitted' Instrument='GBTC' Action='Buy' Limit price=44.98 Stop price=0 Quantity=12 Type='Limit' Time in force=GTC Oco='' Filled=0 Fill price=0 Error='No error' Native error=''

2021-05-11 19:45:00:262|1|32|Order='288774649/ACCOUNTREMOVED' Name='Percent_b_indicator_8_EnterLong' New state='Accepted' Instrument='GBTC' Action='Buy' Limit price=44.98 Stop price=0 Quantity=12 Type='Limit' Time in force=GTC Oco='' Filled=0 Fill price=0 Error='No error' Native error=''

2021-05-11 19:45:00:264|1|32|Order='288774649/ACCOUNTREMOVED' Name='Percent_b_indicator_8_EnterLong' New state='Working' Instrument='GBTC' Action='Buy' Limit price=44.98 Stop price=0 Quantity=12 Type='Limit' Time in force=GTC Oco='' Filled=0 Fill price=0 Error='No error' Native error=''

2021-05-11 19:45:04:253|1|32|Order='288774649/ACCOUNTREMOVED' Name='Percent_b_indicator_8_EnterLong' New state='Cancel submitted' Instrument='GBTC' Action='Buy' Limit price=44.98 Stop price=0 Quantity=12 Type='Limit' Time in force=GTC Oco='' Filled=0 Fill price=0 Error='No error' Native error=''

2021-05-11 19:45:04:383|1|32|Order='288774649/ACCOUNTREMOVED' Name='Percent_b_indicator_8_EnterLong' New state='Cancelled' Instrument='GBTC' Action='Buy' Limit price=44.98 Stop price=0 Quantity=12 Type='Limit' Time in force=GTC Oco='' Filled=0 Fill price=0 Error='No error' Native error=''


Trace files:

2021-05-11 19:45:04:248 NinjaScript.StrategyBase.CancelExpiredOrders: orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=Working instrument='GBTC' orderAction=Buy orderType='Limit' limitPrice=44.98 stopPrice=0 quantity=12 tif=Gtc oco='' filled=0 averageFillPrice=0 onBehalfOf='' id=699 time='2021-05-11 19:45:00' gtd='2099-12-01' statementDate='2021-05-11'

2021-05-11 19:45:04:250 (EFT) Cbi.Account.Cancel0: realOrderState=Working orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=Working instrument='GBTC' orderAction=Buy orderType='Limit' limitPrice=44.98 stopPrice=0 quantity=12 tif=Gtc oco='' filled=0 averageFillPrice=0 onBehalfOf='' id=699 time='2021-05-11 19:45:00' gtd='2099-12-01' statementDate='2021-05-11'

2021-05-11 19:45:04:250 (EFT) Cbi.Account.OrderUpdateCallback: realOrderState=CancelPending orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=CancelPending instrument='GBTC' orderAction=Buy limitPrice=44.98 stopPrice=0 quantity=12 orderType='Limit' filled=0 averageFillPrice=0 time='2021-05-11 19:45:04' statementDate='2021-05-11' error=NoError comment='' nr=-1

2021-05-11 19:45:04:252 (EFT) Cbi.Account.Cancel1: realOrderState=CancelPending orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=CancelPending instrument='GBTC' orderAction=Buy orderType='Limit' limitPrice=44.98 stopPrice=0 quantity=12 tif=Gtc oco='' filled=0 averageFillPrice=0 onBehalfOf='' id=699 time='2021-05-11 19:45:04' gtd='2099-12-01' statementDate='2021-05-11'

2021-05-11 19:45:04:253 (EFT) IB.Adapter.Cancel0: count=1
2021-05-11 19:45:04:253 (EFT) IB.Adapter.Cancel: orderId='288774649' account='HIDE'

name='Percent_b_indicator_8_EnterLong'orderState=C ancelPending instrument='GBTC' orderAction=Buy orderType='Limit' limitPrice=44.98 stopPrice=0 quantity=12 tif=Gtc oco='' filled=0 averageFillPrice=0 onBehalfOf='' id=699 time='2021-05-11 19:45:04' gtd='2099-12-01' statementDate='2021-05-11'

2021-05-11 19:45:04:253 (EFT) Cbi.Account.OrderUpdateCallback: realOrderState=CancelSubmitted orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=CancelSubmitted instrument='GBTC' orderAction=Buy limitPrice=44.98 stopPrice=0 quantity=12 orderType='Limit' filled=0 averageFillPrice=0 time='2021-05-11 19:45:04' statementDate='2021-05-11' error=NoError comment='' nr=-1

2021-05-11 19:45:04:302 (EFT) IB.Adapter.OnOrderStatus0: orderId='234' permId='288774649' filled='0' avgFillPrice='0' status='Cancelled' remaining='12'
2021-05-11 19:45:04:303 (EFT) IB.Adapter.OnOrderStatus2: newState=Cancelled

2021-05-11 19:45:04:303 (EFT) Cbi.Account.OrderUpdateCallback: realOrderState=Cancelled orderId='288774649' account='HIDE'name='Percent_b_indicator_8_EnterLon g' orderState=Cancelled instrument='GBTC' orderAction=Buy limitPrice=44.98 stopPrice=0 quantity=12 orderType='Limit' filled=0 averageFillPrice=0 time='2021-05-11 19:45:04' statementDate='2021-05-11' error=NoError comment='' nr=-1
2021-05-11 19:45:04:384 NinjaScript.StrategyBase.Process.ExpiredOrder: orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=Cancelled instrument='GBTC' orderAction=Buy orderType='Limit' limitPrice=44.98 stopPrice=0 quantity=12 tif=Gtc oco='' filled=0 averageFillPrice=0 onBehalfOf='' id=699 time='2021-05-11 19:45:04' gtd='2099-12-01' statementDate='2021-05-11'

2021-05-11 19:45:04:385 (EFT) IB.Adapter.OnError: id=234 errorCode='OrderCancelled' errorMessage='Orden cancelada. Motivo:'

[NinjaTrader_Kate]

Hello 7robert,

Thank you for your reply.

When using the Managed approach, by default a limit order would be cancelled if the conditions for entry are no longer true and it has not yet been filled. This appears to be what's occurring here:

2021-05-11 19:45:04:248 NinjaScript.StrategyBase.CancelExpiredOrders: orderId='288774649' account='HIDE' name='Percent_b_indicator_8_EnterLong' orderState=Working instrument='GBTC' orderAction=Buy orderType='Limit' limitPrice=44.98 stopPrice=0 quantity=12 tif=Gtc oco='' filled=0 averageFillPrice=0 onBehalfOf='' id=699 time='2021-05-11 19:45:00' gtd='2099-12-01' statementDate='2021-05-11'

That being said, it is possible to submit orders that stay alive until explicitly cancelled. This example from our help guide illustrates how this may be done:

https://ninjatrader.com/support/helpGuides/nt8/keeping_orders_alive.htm

Please let us know if we may be of further assistance to you.

[7robert]

But could there be any reason why the order was not completed on the first try?

[NinjaTrader_Kate]

Hello 7robert,

Thank you for your reply.

With limit orders you're not guaranteed a fill. If there isn't enough volume to fill your order at the price level specified or better, the order may not fill. With a market order, you'd be guaranteed a fill, but not the price the order fills at.

Please let us know if we may be of further assistance to you.