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I keep getting these notifications from Interactive Brokers that it is better to do a Limit Order and set the price between the bid and the ask. It looks like they are swaying me away from Market Orders.
Anyone know how I can execute a Limit Order using the Algorithm Framework?
Thanks!
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Derek Melchin
Hi Jon,
See the attached backtest for a simple example of using limit orders within a execution model.
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.
Jon Quant
Thanks Derek Melchin. I see what that you just used the current market price but theoretically, that's the place where you can adjust the value to be between bid and ask.
Jon Quant
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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