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I'm am trying to do a three way order (buy, stop loss, and take profit) but for some reason the second order - in the backtest below it is the stop loss - is marked as invalid. Here is the message I get on the first stop loss placed:
Order Error: id: 3, Insufficient buying power to complete order (Value:-99501.25), Reason: Your portfolio holds 2.98052578 BTC, 2.98052578 BTC of which are reserved for open orders, but your Sell order is for 2.98052578 BTC. Cash Modeling trading does not permit short holdings so ensure you only sell what you have, including any additional open orders.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
We got the explanation in the order error message: Cash Modeling trading does not permit short holdings so ensure you only sell what you have, including any additional open orders.
The brokerage doesn't know that the algorithm will cancel the stop market order (limit order) when the limit order (stop market order) is filled. Potentially both orders can be filled resulting in a short position, so the second order is rejected.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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