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First of all, thank you very much for reading the post. Currently, I am using a LimitOrder to enter a long position in order to close it with a StopOrder when certain conditions are met, the problem I present is that it is possible that two StopOrders meet the condition and not only close the long position but also It is already short, how is it possible that only one of them is executed and the long position is closed only. I am using the UpdateOrderFields so as not to generate multiple orders. Is that the best way to simulate Stop-Limit-Orders? I am simulating how to exit the market with the execution of another order and re-enter with another condition and so on, without entering short positions.
Best regards,
Julio
Derek Melchin
Hi Julio,
When using two stop orders, they can both be executed in a single timestep if they are placed too close together and the limit and stop prices fall within the last bar high and low. Consider reviewing the example in this related thread for best practices.
Best,
Derek Melchin
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Julio Cesar Franco
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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