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Restricting trading time

Hello - I am new QC user and part way through the bootcamp. Quick question while I practice. 

1. What is the best place to restrict time of trading. For example, I want to trade Futures but only between 6 AM and 1.15 PM PST especially for backtests. 

2. If I hit max loss for the day, I would like to stop by algorithm from executing. How and where should I write code for this in the framework. 

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Hi Arvind,

  1. The best way to restrict time on trading is by using scheduled events, turning a boolean on and off for trading, and checking for that boolean when trading. 
  2. In the same scheduled event, we can record the portfolio value (self.Portfolio.TotalHoldings, for more Portfolio values, see here) for the day, and turn trading off early in OnData if it reaches a certain drawdown.

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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