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Hi,
Attached is a very simple algo I have built that trades the TQQQ. The issue I am having is that if the order is not filled the next day, it is not canceled. Does anyone know a command for having orders being cancelled if they are not filled by the next day? I have already tried to use (self.DefaultOrderProperties.TimeInForce = TimeInForce.Day) but when I do that every order is just getting cancelled.
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Varad Kabade
Hi Rishab Maheshwari,
To cancel an order when after one day of placing it is not filled. In OnData method, check whether the difference between the current time and the time of placing the order is greater than one day and use the Cancel method of the ticket object to cancel the order.
Refer to the attached backtest for reference.
Best,
Varad Kabade
Rishab Maheshwari
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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