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GDAX Invalid Limit Order - "Margin Currently Not Available"

Hi QC,

I am trying to place limit order on live trading with GDAX, but keep receiving this error message.

Brokerage Warning: Order failed, Order Id: 1 timestamp: 1/8/2018 5:29:51 AM quantity: 0.2 content: {"message":"Margin currently not available for LTC-USD"}

The algorithm has been tested with paper trading and it was working well. There is also enough fund in the account. Just can not place any limit order.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


I just figured out how to solve this issue. 

The account type should be initialized as Cash type.

self.SetBrokerageModel(BrokerageName.GDAX, AccountType.Cash)
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Thanks. I just built my first Algo using QuantConnect, and ran into syntax errors and margin problems. Thanks to you I got my first algo working!!

 

It is not very good...a buy and hold of bitcoin using GDAX.  Just depends on what dates you put. 2019.2.3 to 2019.3.4 yields a 10.33% profit!

 

PS - I like the random backtest names given.  At first, I was like, who is that using my resources...oh, that is my backtest. Duhhh!

 

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Thanks Eric for sharing the solution to the problem you were having.  GDAX is a non-margin, cash only brokerage, so AccountType.Cash should be specified in SetBrokerageModel(), as you have done.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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