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Hello, fellow quants!
How would one go about reversing a trade when liquidating it. Let's use RSI as an example because it's easy to visualize.
When RSI is over-sold, one would typically go long, and then sell that position when the RSI is over-bought. How would I go about structuring my code if I want to use the same indicator to also go short at the same price as I sell my long position (effectively making my exposure 100%).
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Varad Kabade
Hi Villiam Axtelius,
We recommend placing a MarketOrder of negative quantity (current holding number of shares + number of shares to be shorted) when we get a signal to liquidate. Alternatively, we can use the SetHoldings method as follows:
Best,
Varad Kabade
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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