/// <summary>
///
/// </summary>
/// <returns></returns>
public virtual OrderValidationResult Validate()
{
// Buy -> Check Cash (Buying Power)
// Sell -> Check the Positions
string message = "";
OrderValidationResult retVal = new OrderValidationResult(OrderValidationSubType.Success, "");
//Check if an instruction exist - Invalid_InstructionExists
retVal = checkInstructionExists();
if (retVal.Type != OrderValidationSubType.Success)
return retVal;
if (Side == Side.Buy)
{
if (!Account.AccountOwner.IsStichting)
{
// check the Cash -> Buying Power check
// BP = All Cash (incl cash management fund) - Open Orders - Open Trades (Not Approved)
Money currentOrderAmount;
Money totalCashAmount;
string oldPriceWarning = "";
if (!IsMonetary && ((ISecurityOrder)this).TradedInstrument.SecCategory.Key == SecCategories.CashManagementFund)
totalCashAmount = Account.TotalPositionAmount(PositionAmountReturnValue.Cash);
else
totalCashAmount = Account.TotalPositionAmount(PositionAmountReturnValue.BothCash);
if (totalCashAmount == null || totalCashAmount.IsZero)
{
message = string.Format("This order ({0}) can not be entered since there is no cash.", Value.ToString());
return new OrderValidationResult(OrderValidationSubType.Invalid_NoCash, message);
}
if (IsSizeBased)
{
// if closure -> check not another buy order already exists.
OrderValidationResult buyCloseCheck = checkBuyCloseOrders();
if (buyCloseCheck.Type != OrderValidationSubType.Success)
return buyCloseCheck;
// Get the Price of the Instrument
IPriceDetail priceDetail = RequestedInstrument.CurrentPrice;
if (priceDetail == null)
{
message = string.Format("The order validation is not very accurate since no current price is available for {0}.", Value.Underlying.Name);
return new OrderValidationResult(OrderValidationSubType.Warning_NoCurrentPrice, message);
}
else
{
Money accruedInterest = ((ISecurityOrder)this).AccruedInterest;
currentOrderAmount = ((Money)(Value.CalculateAmount(priceDetail.Price) + Commission + accruedInterest)).CurrentBaseAmount;
if (priceDetail.IsOldDate)
{
oldPriceWarning = string.Format("The order validation is not very accurate since the last available price ({0}) is from {1}.", priceDetail.Price.ToString(), priceDetail.Date.ToShortDateString());
}
}
}
else
{
currentOrderAmount = GrossAmountBase;
//// Check when Foreign currency amount -> if foreign currency is available
if (!Value.Underlying.ToCurrency.IsBase)
{
ICashPosition posFx = Account.Portfolio.PortfolioCashGL.GetPosition(Value.Underlying.ToCurrency);
Money orderAmtFx = Account.OpenOrdersForAccount.TotalAmountInSpecifiedNominalCurrency((ICurrency)Value.Underlying);
if (posFx == null)
{
message = string.Format("This order ({0}) can not be placed since the account doesn't have a {1} position.", GrossAmount.DisplayString, Value.Underlying.Name);
retVal = new OrderValidationResult(OrderValidationSubType.Invalid_NoCash, message);
}
else if (!((Money)(posFx.SettledSize - orderAmtFx - GrossAmount)).Sign)
{
string messageOpenOrders = "";
if (orderAmtFx != null && orderAmtFx.IsNotZero)
messageOpenOrders = string.Format(" minus the open order amount ({0}) in {1}", orderAmtFx.ToString(), Value.Underlying.Name);
message = string.Format("This order ({0}) exceeds the current {1} cash amount ({2}){3}.", GrossAmount.DisplayString, Value.Underlying.Name, posFx.SettledSize.ToString(), messageOpenOrders);
retVal = new OrderValidationResult(OrderValidationSubType.Invalid_NotEnoughCash, message);
}
if (retVal.Type != OrderValidationSubType.Success)
{
retVal.Message += Environment.NewLine + string.Format("Place a {0} order instead.", Account.AccountOwner.StichtingDetails.BaseCurrency.ToString());
return retVal;
}
}
}
// Consider both Buy & Sell orders
Money openOrderAmount = Account.OpenOrderAmount(OpenOrderAmountReturnValue.Gross);
if (!((Money)(totalCashAmount - openOrderAmount - currentOrderAmount)).Sign)
{
if (openOrderAmount != null && openOrderAmount.IsNotZero)
message = string.Format(" minus the open order amount ({0})", openOrderAmount.DisplayString);
message = string.Format("This order ({0}) exceeds the total cash amount ({1}){2}.", currentOrderAmount.DisplayString, totalCashAmount.DisplayString, message);
retVal = new OrderValidationResult(OrderValidationSubType.Invalid_NotEnoughCash, message);
}
retVal.Message += oldPriceWarning;
if (oldPriceWarning != string.Empty && retVal.Type == OrderValidationSubType.Success)
{
retVal.Type = OrderValidationSubType.Warning_OldPrice;
}
}
}
else
{
// Get the current Position size
InstrumentSize positionSize = null;
IFundPosition position = Account.Portfolio.PortfolioInstrument.GetPosition((ITradeableInstrument) RequestedInstrument);
if (position != null)
positionSize = position.Size;
if (positionSize == null || positionSize.IsZero)
{
message = string.Format("You tried to sell {0} but there are no positions found.", RequestedInstrument.Name);
return new OrderValidationResult(OrderValidationSubType.Invalid_NoPosition, message);
}
// Get the positions size of the order
PredictedSize predSize;
if (!IsSizeBased)
{
// Amount based -> Get the Price/ExRate
predSize = RequestedInstrument.PredictSize(Amount);
// If there is no Price/ExRate found -> warning
if (predSize.Status == PredictedSizeReturnValue.NoRate)
{
message = string.Format("The order validation is not very accurate since no current {0} is available for {1}.", (RequestedInstrument.IsCash ? "exchangerate" : "price"), Value.Underlying.Name);
return new OrderValidationResult(OrderValidationSubType.Warning_NoCurrentPrice, message);
}
}
else
{
predSize = new PredictedSize(Value, DateTime.Now);
}
// Get the open order size
InstrumentSize openOrderSize = null;
if (Account.OpenOrdersForAccount != null && Account.OpenOrdersForAccount.Count > 0)
openOrderSize = Account.OpenOrdersForAccount.TotalSize(RequestedInstrument);
if (!((InstrumentSize)(positionSize + (predSize.Size + openOrderSize))).Sign)
{
message = string.Format("You tried to sell {0} {1} but in the portfolio only {2} positions were found", predSize.Size.Abs().ToString(), RequestedInstrument.Name, positionSize.ToString());
if (openOrderSize != null && openOrderSize.IsNotZero)
message += Environment.NewLine + string.Format(" and order(s) existed for {0}.", openOrderSize.ToString());
else
message += ".";
retVal = new OrderValidationResult(OrderValidationSubType.Invalid_NotEnoughPosition, message);
}
if (predSize.Status == PredictedSizeReturnValue.OldRateDate)
{
retVal.Message += (retVal.Message == string.Empty ? "" : Environment.NewLine) + string.Format("The order validation is not very accurate since the last available {0} ({1}) is from {2}.", (RequestedInstrument.IsCash ? "exchangerate" : "price"), predSize.Rate, predSize.RateDate.ToShortDateString());
if (retVal.Type == OrderValidationSubType.Success)
{
retVal.Type = OrderValidationSubType.Warning_OldPrice;
}
}
}
// Check opposite orders
OrderValidationResult sideCheck = checkSideOrders();
if (sideCheck.Type != OrderValidationSubType.Success)
{
retVal.Message += (retVal.Message == string.Empty ? "" : Environment.NewLine) + sideCheck.Message;
if (retVal.Type == OrderValidationSubType.Success)
{
retVal.Type = sideCheck.Type;
}
}
return retVal;
}
/// <summary>
/// Get the educated guess of the size of a instrument for a amount of money
/// </summary>
/// <param name="inputAmount"></param>
/// <returns></returns>
public override PredictedSize PredictSize(Money inputAmount)
{
PredictedSize retVal = new PredictedSize(PredictedSizeReturnValue.NoRate);
Money amount;
if (CurrentPrice != null)
{
retVal.RateDate = CurrentPrice.Date;
if (inputAmount.Underlying.Equals(CurrentPrice.Price.Underlying))
retVal.Size = inputAmount.CalculateSize(CurrentPrice.Price);
else
{
amount = inputAmount.Convert(CurrentPrice.Price.Underlying);
retVal.Size = amount.CalculateSize(CurrentPrice.Price);
}
retVal.Rate = currentPrice.Price.ToString();
}
return retVal;
}
public override PredictedSize PredictSize(Money inputAmount)
{
PredictedSize retVal = new PredictedSize(PredictedSizeReturnValue.NoRate);
return retVal;
}
