Back

Open and close orders

Hi

I want to open orders with take profit and stop loss like I do in metatrader 4 for FOREX.

Now I use setholding which I think doesn't work for me.

Also, do I need to specify BID or ASK price for sell and buy respectively for backtest, or does it use a midpoint?

Thanks

Update Backtest







0

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.


SetHoldings is a helper method to help with portfolio weighting, however there are many other order types that can be implemented:

https://www.quantconnect.com/docs/algorithm-reference/trading-and-orders#Trading-and-Orders-Order-Types

As seen from the docs, the desired orders can be implemented. It is important to note you will need to specifiy the order quantity and the limit price of the order can be specified if a market order is not sufficient.  QuantConnect even supports custom fill models.

0

Update Backtest





0

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.


Loading...

This discussion is closed