Let me get your take on this because you're smarter than me. Only asking for brainstorm, not feature request.
How would one go about putting into trade execution logic:
buy on downtick.
sell on uptick.
Initial thought sudo code:
###when trade entry or exit condition is hit, at any resolution, then send to execution which looks at tick resolution
#all this to avoid having a bad market impact
if buy_trade
if tick[-1] < tick[-2]
trade at limit = last price
if sell_trade
if tick[-1] > tick[-2]
trade at limit = last price
Idea from:
Derek Melchin
Hi Foren,
To access tick data, see Ticks. To submit limit orders, see Place Orders.
Best,
Derek Melchin
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Foren Power
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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