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TP "Delay Opening Orders" function does not work
26 replies, 2103 viewings
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OmniVest User Forums
OmniVest Technical Support
TP "Delay Opening Orders" function does not work
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Last Activity 5/11/2023 2:59 AM 26 replies, 2103 viewings |
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James McNeill Regular  Posts: 68 Joined: 3/8/2013 Location: Victoria, BC, Canada  User Profile |
Yes the TP is the latest build. The problem happened again this morning I believe. All my sells should have done so at the open providing sufficient funds for the buys Then all the buy orders are set to buy at 9:50:30 But one of the buys was turned down as you can see in the attached. I am trying to figure this out Jim  Attached file : Q for Forum.png (113KB - 222 downloads) | ||
| Barry Cohen Icon    Posts: 1844 Joined: 10/11/2012 User Profile |
This is due to the Max Equity Exposure Trade Setting in the TP. The TP adds up all the percentages in Broker Positions & Open Orders, & subtracts your Closing Orders. Then it determines if that calculation meets the TP Max Equity setting or not. It then accepts the next trade or not (manual or automatic from Opening Orders) depending on the QTY% of the order. If that QTY% would put the calculation above the Max Equity %, then the order is not submitted & will display, “TP: Maximum Overnight exposure exceeded”. Increase the percent of that setting if you want. If you don't want the TP to reject trades sent to your broker, increase it to an extreme number, like 500%. That way, if you go over your margin, the broker will be the one that rejects the trades instead of the TP. |
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