Day resolution trade and have issue with Alpaca

To address Oliver's issue with submitting a regular OrderType.Market after market close, here are some steps and considerations:

1. Understanding Market Orders:

   • Market orders are typically executed immediately at the current market price during regular trading hours. If submitted outside these hours, they are often converted to a Market On Open (MOO) order by the Lean framework.

2. Using Market On Close Orders:

   • If you want the order to execute at the next market open, consider using a MarketOnCloseOrder. This type of order is designed to fill at the official closing auction price for a security.
   • You can place Market On Close (MOC) orders after the market closes, and they will execute at the next market close.

3. Alpaca Brokerage Rules:

   • According to Alpaca's rules, orders must be submitted after 7:00 PM and before 9:28 AM to be valid for the next trading day. Ensure your algorithm schedules orders within this time frame.

4. Algorithm Implementation:

   • Modify your algorithm to use MarketOnCloseOrder if you want the order to be executed at the next market close. Here's a basic example of how to implement this:

class MyAlgorithm(QCAlgorithm):
    def initialize(self):
        self.set_start_date(2023, 1, 1)
        self.set_end_date(2023, 12, 31)
        self.add_equity("SPY", Resolution.DAILY)
        self.schedule.on(self.date_rules.every_day(), self.time_rules.after_market_close(), self.place_orders)

    def place_orders(self):
        self.market_on_close_order("SPY", 100)

    def on_order_event(self, order_event):
        self.log(f"Order event: {order_event}")

1. Testing and Validation:
   • Run backtests to ensure that the modified order submission logic works as expected and that orders are not rejected.
   • Monitor the status of your orders to ensure they are being placed and filled as intended.

By following these steps, you should be able to submit orders that comply with Alpaca's rules and achieve your desired trading outcomes.

Sources: Market On Close Orders - QuantConnect.com, Market On Open On Close Algorithm, Market Orders - QuantConnect.com, Market On Open Orders - QuantConnect.com, Market On Close Order Buffer Regression Algorithm

the question is more about the the conflict of 1 and 2

1. quant connect convert MarketOrder to MarketOnOpenOrder market on close on 4:00PM(for all Daily resolution orders are placed at market close)

2. Alpaca don't accept MarketOnOpenOrder on market close until 7:00pm

how can i make it work?