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Hello,
I have discovered Quantconnect last week and I'm quite pleased and amazed with the amount of information available and the stuff you can do with it. Also the democratization of such technology I can only applaud. I'm a newbie both to investing and python (I only started learning python two weeks ago).
I tried to apply the trailing stop loss of the tutorial in both going long and short.
For long it seems to work but I can't make out if it is triggered for the short as well. Can any of you give me a shot in the right direction?
In addition is it possible that Candlestick Patterns do not work with quotebars and only tradebars? Is there a specific reason for this?
It seems to work however for single candle patterns (like doji)... Is there any way to use a consolidator to make multiple candle patterns work for quotebars?
Tristan VDB
Derek Melchin
Hi Tristan,
Yes, the algorithm above is working for shorts.
We can update candlestick patterns with QuoteBars. We just have to setup a consolidator. See the attached backtest for reference.
Best,
Derek Melchin
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Tristan VDB
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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