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Hi!
I'm new to Quant Connect and also relatively new to coding in general. To get to grips with developing strategies on this platform I am trying to develop a simple moving average crossover strategy with an ATR stop loss.
I believe my code is using a trailing ATR stop, however I want it to work such that the stop loss is set at a fixed price above/below the opening price of my trade.
Would anyone be able to give me pointers on how to do this?
Thanks :)
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Derek Melchin
Hi Adamh20,
To set a fixed stop loss order, we can replace the calls to `Liquidate` with a StopMarketOrder. See the attached backtest for reference. Note that
self.EnableAutomaticIndicatorWarmUp = Truehas been added to ensure the indicators are ready to begin trading at the start of the backtest. In addtion, we've defined `position_price` as the current price of the security. This way, we can have an accurate price even if the entry order isn't filled immediately.
Best,
Derek Melchin
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.
Adamh20
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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