Does anyone have examples of scaling Trailing Stop losses based on x% amount of profit in python? So something like this:
At 5% profit, update Trailing SL to 3%
at 10% profit update Trailing SL to 1%
and so on.
QUANTCONNECT COMMUNITY
Does anyone have examples of scaling Trailing Stop losses based on x% amount of profit in python? So something like this:
At 5% profit, update Trailing SL to 3%
at 10% profit update Trailing SL to 1%
and so on.
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Aaron Janeiro Stone
While not exactly the same, some simple modification of the code in the following article should suffice:
Varad Kabade
Hi Axist,
Thank you, Aaron, for your response.
We would also recommend going through the following boot camp lesson on Buy and Hold with a Trailing Stop if you use the classic algorithm. For the above purpose, we can use:
instead of price to update the stop loss
best,
Varad Kabade
Axist
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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