Hi!
I'm new to quantitative trading and would like some help with placing trades based on RSI. This is what I have so far:
def GetState(self, rsi, previous):
if rsi.Current.Value > 70:
self.Sell(self.pair, 1000)
self.LimitOrder(self.pair, 1000, price / onePercent)
self.StopMarketOrder(self.pair, 1000, price * onePercent)
if rsi.Current.Value < 30:
self.Buy(self.pair, 1000)
self.LimitOrder(self.pair, 1000, price / onePercent)
self.StopMarketOrder(self.pair, 1000, price / onePercent)
return previous
Some feedback would be appreciated as I take it that the general idea isn't too hard to deter.
Vncne
Hi
Is something like this what you're looking for?
Derek Melchin
Hi Villiam,
We need to ensure we cancel the dangling TP/SL order when one of the TP/SL orders are hit. See this related thread for reference.
Best,
Derek Melchin
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Villiam Axtelius
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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