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If I have two different live deploy quant strategies. Can I have them all place orders within the same single Charles Schwab securities account through QuantConnect?
Because on this website, it says:" When you deploy live algorithms with Charles Schwab, we don't save your brokerage account credentials. Charles Schwab only supports authenticating one account at a time per user. If you have an algorithm running with Charles Schwab and then deploy a second one, the first algorithm stops running."
https://www.quantconnect.com/docs/v2/cloud-platform/live-trading/brokerages/charles-schwab
I would like to clarify the meaning of the following statement:
- Does it mean that a single QuantConnect account can only be linked to one Charles Schwab account at a time, but I am allowed to deploy multiple algorithms concurrently, all submitting orders to the same Schwab account?
OR
- Does it mean that a single Charles Schwab account can only support one live-deployed algorithm at any given time, such that deploying a second algorithm would cause the first to be terminated?
The reason I ask is that, Charles Schwab does not seem to prohibit the simultaneous execution of multiple strategies. For example, I have run multiple strategies concurrently on the same Schwab account using Thinkorswim.
Mia Alissi
Here’s the direct answer and clarification for Trader’s question:
Clarification of QuantConnect Schwab Live Algorithm Restriction
The statement:
Means:
So, the answer is:
Note: Other platforms (like Thinkorswim) may allow multiple strategies/orders because they manage brokerage connectivity differently, but on QuantConnect, only one live deployment to Schwab per account (per user) is supported.
Official Source:
See QuantConnect documentation:
https://www.quantconnect.com/docs/v2/cloud-platform/live-trading/brokerages/charles-schwab
If you have further questions or need to run multiple simultaneous strategies, consider merging them or contacting QuantConnect support for updates.
Sources: Getting Started - QuantConnect.com, Reimagining the 60-40 Portfolio in an Era of AI and Falling Rates, Getting Started - QuantConnect.com, Charles Schwab - QuantConnect.com, Charles Schwab - QuantConnect.com
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.
Trader Ostburg
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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