Trailing Stop Loss

Sure, I can guide you on how to add a trailing stop loss in QuantConnect.

Trailing stop orders are a type of stop market orders with a dynamic stop price. They are designed to protect gains by enabling a trade to remain open and continue to profit as long as the price is moving in a favorable direction. The trade closes as soon as the price changes direction by a specified amount.

In QuantConnect, you can send a trailing stop order by calling the TrailingStopOrder method and providing a Symbol, quantity, trailing amount, and the trailing type. Here is an example in Python:

self.TrailingStopOrder(symbol, quantity, trailingAmount, trailingAsPercentage, tag, orderProperties)

If you set the trailingAsPercentage parameter to False, the trailingAmount is denominated in the asset's quote currency.

For more detailed guidance, you can go through the Trailing Stop BootCamp which provides a great resource on how to implement trailing stops in LEAN.

Also, you can follow this GitHub issue to track the progress of the addition of Trailing Stop-Order type to LEAN.

Please note that if you do not have sufficient capital for the order, it is rejected.

I hope this helps! Let me know if you have any other questions.

Sources:

• Trailing Stop Orders
• Forum Discussion
• Forum Discussion
• Forum Discussion