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Hi there, I'm trying to build an algo using SMA. How do I code it so that it will wait for the next signal. For example, the algo will take a position, take profit and then wait for the next crossover? What I have right now will continute to take positions since slow>fast.
Thank you
Quanty
Do you mean a single-direction strategy? i.e. a long-only or short-only strategy
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Wayne Adams
Some quick steps:
- Create an instance variable in the Initialize(self) method called something like self.take_next_signal and set it to True
- Use this with your main trading logic to only trade when self.take_next_signal is true
- When you enter into a position, set self.take_next_signal to False
- When you exit the position, set self.take_next_signal to True
Hopefully that pseudocode is clear :)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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