Orders rejected in Live mode with IB. by Maly Lemire

Maly Lemire INVESTOR

| Reward Discussion

Hi,

I'm getting "Cash needed for this order" error from IB with a real live account and a market order.

I've set SetBrokerageModel(BrokerageName.InteractiveBrokersBrokerage, AccountType.Cash);.

I'm using CalculateOrderQuantity(symbol, 0.93m) to get the proper quantity.

.93m is a totally random percentage that seems to work most of the time.

I'm buying TVIZ, a very volatile but low volume stock.

Since I don't have a margin, is there any ohter setting I have to use?

Do or can quant connect use current AskPrice only to evaluate market order quantity?

My goal is to always use 1m without any rejected orders.

Thanks

Update Backtest

Maly Lemire

Accepted Answer

Update Backtest

Notebook

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.

David Eldringhoff

7.6k ,

I called IB yesterday about a margin question. The volitility products like you're mentioning have a variable initial margin require ment which can actually go over 100% meaning even if you had 50k in account you may not be able to buy 50k in the volitility product

Maly Lemire

355 ,

Hi,

Thanks for the info. I'm trying to find numbers for the initial margin requirement but found nothing.

David Eldringhoff

7.6k ,

You won't. You have to attempt a trade in the workstation and view the order confirmation or call them. It's a total pain. They don't display margin information in any user friendly way

Maly Lemire INVESTOR

Update Backtest

Notebook

To unlock posting to the community forums please complete at least 30% of Boot Camp.
You can continue your Boot Camp training progress from the terminal. We hope to see you in the community soon!

Platform

QuantConnect Community

Alpha League Competition: $1,000 Weekly Prize Pool

Filter Discussion by Tags

Community Ambassadors

Earn free QuantConnect cloud credits by helping others, each week we airdrop credits to the most active community members.

231,644 Quants.

Online Now

Stay Connected