Guide
How does Nyria Paper fill a limit order?
Nyria Paper decides a limit order the moment it arrives, against the quote it read then. A buy limit at or above the ask fills at the ask, and a sell limit at or below the bid fills at the bid. An entry limit the market has not reached is not filled and nothing is recorded. The limit never waits on a book.
Official documentation
Find out why a paper limit order did not fill
- 1
Open the bot log
The bot's log gives the reason, with the limit and the market price it was checked against.
- 2
Compare the limit with the quote
A buy limit fills when it sits at or above the ask. A sell limit fills when it sits at or below the bid.
- 3
Check for a missing quote
A limit is refused when the quote has no price on the side it would fill against.
- 4
Try Force market orders
It sends a limit alert as a market order, which fills at the ask to buy and the bid to sell.
- 5
Send the alert again
Use a limit the market has reached. A refused limit does not wait and is not retried.
How an entry limit fills
- A buy limit at or above the ask fills at the ask.
- A sell limit at or below the bid fills at the bid.
- An entry limit the market has not reached is not filled.
- An entry that arrived with no quote to check it against is not filled either.
How an exit limit fills
- An exit limit also fills at its own price when it sits inside the bid-ask spread.
- When the quote has a price on one side only, an exit limit very close to that price fills at its own price.
- An exit that came with no quote fills at the price on the order.
Spreads and resting orders
- A spread limit fills at the legs' combined market price when its limit covers that price.
- Stop-style orders rest and are checked against live quotes.
- A resting order on a spread is refused.
Questions
- Does a limit order wait for the market on Nyria Paper?
- No. It is filled or refused at once against the quote.
- Why did my paper limit order not fill?
- The limit had not reached the quote, or the quote had no price on that side.
- Does a paper market order slip?
- No. It fills at the ask to buy and the bid to sell.
- Does anything rest on Nyria Paper?
- Stop-style orders do. They are checked against live quotes.
- Is the bot log the place to look?
- Yes. It gives the reason with the limit and the market price.
Next
- Paste an alert into the alert tester to see how Nyria reads it.
- Step by step for one account: how to automate TradingView to Nyria Paper.
- Step by step for one account: how to automate Webhook to Nyria Paper.
- Alert tester.
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What Nyria Paper, Tradier's sandbox and Alpaca paper each prove.
Read guideHow do I send a limit order from a TradingView alert?
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