java - Interactive Brokers TWS API Error: Cash Quantity cannot be used for this order

Question

I'm trying to place an order using TWS Java API. I want to set a cash quantity instead of the quantity of shares. Below is my code:

...
Contract contract = new Contract();
contract.symbol("IBM");
contract.secType("STK");
contract.exchange("SMART");
contract.currency("USD");

Order order = new Order();
order.action("BUY");
order.orderType("MKT");
order.cashQty("500");
m_socket.placeOrder(NextOrderId, contract, order);

When I run this code, I get an error:

Cash Quantity cannot be used for this order

If I use the quantity of shares using order.totalQuantity(), the order is placed successfully. How can I set a cash quantity instead of a share quantity? Thank you!

question from:https://stackoverflow.com/questions/65907690/interactive-brokers-tws-api-error-cash-quantity-cannot-be-used-for-this-order

Answer 1

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