Back

Need Help: Insufficient Buying Power Errors

Can someone advise regarding how to address the 'Insufficient Buying Power' errors I'm getting when running the code shown below?   I've searched the documentation and Community postings but didn't see anything that would directly help in this case.

Thanks,

Troy

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.


Hi Troy B ,

The algorithm is using daily data. Consequently, the target quantities calculated by EqualWeightingPortfolioConstructionModel (and MaximumDrawdownPercentPerSecurity) models take into account the previous day closing price. Since the order, converted into MarketOnOpen order, will be filled with the current day's open price, a price gap can cause the Insufficient Buying Power error.

To fix this we recommend using minute resolution data. See also Trading and Orders: Common Order Errors.

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.


Hi Alexandre,

Thank you for the response.   I've revised the algorithm to use minute resolution data, but am still getting the errors below.  The backtest is attached.  Are there other settings that need to be changed?

Troy   

 

482 | 13:47:26: Backtest Handled Error: Order Error: id: 97, Insufficient buying power to complete order (Value:988655.22), Reason: Id: 97, Initial Margin: 898793.6177272727272727272727, Free Margin: 92341.4721439090909090909091483 | 13:47:36: Backtest Handled Error: Order Error: id: 1425, Insufficient buying power to complete order (Value:860577.51), Reason: Id: 1425, Initial Margin: 782357.03590909090909090909092, Free Margin: 80649.69459076363636363636363484 | 13:47:42: Backtest Handled Error: Order Error: id: 2018, Insufficient buying power to complete order (Value:797302.99), Reason: Id: 2018, Initial Margin: 724833.58500000000000000000001, Free Margin: 74936.62417124545454545454545
1


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