hi quants.
is there a way to trade exactly when the price reaches a certain price, no matter the resolution?
I'm in a situation where my algorithm indicators ofthen buys a little to late. my resolution is set to daily for my indicators and my price bar. and I would like to keep that. is there something like :
# buy 100% tesla at 200 usd
OrderByPrice("TSLA", 1 , 200)
#or in the onData.
onData()
if myBuyPrice > exactPrice:
# buy
thanks a lot :)
Derek Melchin
Hi Martin,
We can set a buy order at a price below the current market price by using a LimitOrder. However, these orders will only be triggered by the bars that are passed to the algorithm at resolution we subscribed too. It's not possible to have these orders triggered from bars at a higher resolution without subscribing to that resolution.
See the attached backtest for reference.
Best,
Derek Melchin
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Martin etellerandet
thanks :)
Martin etellerandet
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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