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Hello group I have a question, I have been trying to develop different types of trailing stops for individual tickers.
I have been using the self.SetRiskManagement(MaximumDrawdownPerSecurity(x)) as a trailing stop for the strategy. As far as I can see in the backtests works good. Is there any problem using it as my main trailing stop?
Thanks and regards
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Louis Szeto
Hi Ro
Note that the MaximumDrawdownPercentPerSecurity RM model is not intended for a trailing stop, but only comparing the PnL of a security's average price of opening positions. Instead, use the TrailingStopRiskManagementModel.
Best
Louis
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.
Ro García G
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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