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Modify order Frequency

tikna
tikna in Algorithms and Strategies
Suppose i have placed a order at 15:00:02:01, its current status is open
Can i modify that order at 15:00:02:02 i.e can we modify orders in milliseconds ?
if no, what is the minimum time we must before we can modify orders
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  • sujith
    sujith
    You can place an order and fetch orderbook, once it shows up on orderbook you can modify order.
    Please note that one can only make 25 modifications for an order. Post that you will have to cancel and place order again or use GTT.
  • tikna
    tikna
    Hi Sujith,
    Thanks for the reply.I am using websocket.

    I had placed order, instead of fetching the order-book i an listening on on_order_update. If i received a message on on_order_update with Status as open , can i modify the order?
    If yes
    suppose the above events happened in 10 milli second, can i place modify request in 10 millisecond?
    I am getting error in case of millisecond . Error is order id not present even after order is placed.
    If i am changing the time difference from millisecond to 1 second i am not getting the error.
  • tikna
    tikna
    Hi Sujith,
    Please ignore my above message
    Below is the scenario.
    i am modifying an open order which is at bid 1. Before request is send for modifying order it is getting filled so getting error
    kiteconnect.exceptions.OrderException: The order for ID (1877600770887540736) does not exist.
    Can we handle this

    Thanks
  • tikna
    tikna
    the order messages that we get in
    kite.order_history('1877600770887540736') , are different from the orders that in on_order_update.
    in order_history we have status as
    [('OPEN PENDING', datetime.datetime(2025, 1, 10, 11, 48, 2)),
    ('OPEN', datetime.datetime(2025, 1, 10, 11, 48, 2)),
    ('MODIFY PENDING', datetime.datetime(2025, 1, 10, 11, 48, 4)),
    ('OPEN', datetime.datetime(2025, 1, 10, 11, 48, 4)),
    ('MODIFY PENDING', datetime.datetime(2025, 1, 10, 11, 48, 5)),
    ('OPEN', datetime.datetime(2025, 1, 10, 11, 48, 5)),
    ('MODIFY PENDING', datetime.datetime(2025, 1, 10, 11, 48, 5)),
    ('OPEN', datetime.datetime(2025, 1, 10, 11, 48, 6)),
    ('COMPLETE', datetime.datetime(2025, 1, 10, 11, 48, 6))]

    While in order_update we only have status as "OPEN"

    which order messages are not sent in order_update ?
  • tikna
    tikna
    In kite.order_history('1877600770887540736') i can see my order is complete but i didn't received it on on_order_update , so i sent the modify order and gets error.
    I dont want to sent extra api hits so i am using on_order_update,
    which one to use can you please recommend
  • sujith
    sujith
    Kite Connect will not send order updates for placing an order. You will only receive order update if there is a partial fill or a status change of the order like TRIGGER_PENIDING to OPEN, OPEN to COMPLETE, etc.
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