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Taking profit once an insight's magnitude has been reached

Is there a recommended way to exit a position once an insight's magnitude has been achieved? Add a limit sell order when the initial entry is made in the execution model? The problem with this is the insight would still be considered active.

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Hi Fabien,

There is no recommended way to exit a position once an Insight's magnitude has been achieved. That being said, one way to implement this is to keep track of the security price as the initial Insight is emitted, and once it reaches the target price (initial_price * (1 + magnitude)), emit a flat Insight (InsightDirection.Flat) to cover the rest of the first insight’s period. As for limit sell orders for Insights, try creating a custom Execution Model.

Best,
Shile Wen

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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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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.


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