Price band and market protection

hanzzo
due to market protection, market orders are getting rejected when price is within 1% of price band.

this causes weird issues trying to exit a position when its near price band

please advise.
  • hanzzo
    hanzzo edited April 9
    if i have a short position in stock A with upper price band = 100
    if the stock price > 99, i cannot exit with a market order
    it gives an error because the market protection price > upper price band.

  • serendipitous
    serendipitous edited April 9
    Thanks
  • Nivas
    The market_protection parameter can be configured with any value greater than 0 (including decimal values such as 0.1, 0.2, etc.) up to 100.

    In scenarios where the price is close to the circuit limits, you may consider using a lower market protection value (for example, 0.3 or 0.5) so that the order remains within the permissible price band.

    For more details, please refer to the documentation.
  • hanzzo
    YUour documentation makes it seem like only int will be accepted
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