Hi all,
I am working on a strategy where I use a MACD EMA strategy to take profit and stop loss. Is it supposed to buy when the MACD is greater than the MACD indicator and then sell when it gets a desired profit of 1%. Im having a bit of trouble with this. Im not sure how to get it to buy and sell at desired profit. Any tips? See attached backtest.
Thanks,
Gabriel
Rupert Johnes
Derek Melchin
Hi Gabriel,
To set a take-profit order above the current price with a negative quantity, we need to use LimitOrder instead of StopMarketOrder. See the attached backtest for reference.
Best,
Derek Melchin
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Gabriel Guerrero
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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