Place Order

Place an order.

Available to: All authenticated users

Environments: Demo, Live

Rate Limit: 1,500 requests per hour, 1-second back-off, counts all requests

Places an order on one of your accounts. Identify the account with either accountSpec (the account name) or accountId (the integer ID) — one is required — and set the action (Buy or Sell), the symbol, the orderQty, and the orderType. The price fields you must supply depend on the order type: a Limit or Stop order needs a price, and a StopLimit needs both price and stopPrice. On success, the response includes the new orderId.

// Demo environment; for Live use https://live.tradovateapi.com/v1
const URL = 'https://demo.tradovateapi.com/v1'
const body = {
    accountSpec: yourUserName,
    accountId: yourAccountId,
    action: "Buy",
    symbol: "MYMM1",
    orderQty: 1,
    orderType: "Market",
    isAutomated: true
}
const result = await fetch(`${URL}/order/placeorder`, {
    method: 'POST',
    headers: {
        'Content-Type': 'application/json',
        'Authorization': `Bearer ${myAccessToken}`
    },
    body: JSON.stringify(body)
}).then(res => res.json()) // { orderId } on success

Order placement is subject to market, exchange, and risk-management rules, so a successful HTTP response doesn’t guarantee acceptance. When an order is rejected, the response carries a failureReason and failureText explaining why; otherwise you receive an orderId.

Common Failure Scenarios

• A risk limit blocks the order (for example, MaxPosLimitReached or MaxOrderQtyLimitReached).
• The contract or price is invalid (InvalidContract, InvalidPrice).
• The trading session is closed or trading is locked (SessionClosed, TradingLocked).
• The market has no quote or insufficient liquidity (NoQuote, NotEnoughLiquidity).

Error Messages

See the failureReason enum in the response schema for the complete list of values.