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Should I use Rebalace or a Consolidator?

I'm new to coding, so hence this question: I have strategies that uses a weekly consolidator to build weekly bars to calc the indicators and place trades. I also have a monthly rebalancing strategy that uses daily bars, but rebalances monthly using the self.Schedule action with a boolean rebalance flag.

I'm assuming I could also use a monthly consolidator to build a montly bar and not have any need for rebalancing logic. From the knowledgeable coders here is there a reason to do one vs the other? Or do they both have the same pros and cons in the same strategies?

Thanks!

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Hi Mark,

You should use scheduled events for rebalancing unless you need the open/high/low of the monthly bar.

Best Regards,
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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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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