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Hi,
I'm trying to understand the difference between the SetHoldings vs. LimitOrder. It seems like SetHoldings just calculate the quantity needed to buy/sell based on the parameters and submit a market order, and LimitOrder just submits a limit order. However, how come in the discussions, SetHoldings is used extensively more than LimitOrder? Is there an advantage to SetHoldings that I'm not aware of? Thank you.
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Michael Manus
you got everything right.
limitorders do need management if it does not get filled. the last time i checked quantconnect does not have ask and bid prices. How to simulate limit orders? You can use the many slippagemodels here available for backtesting to simulate such stuff. But yes you are right it is better to take LimitOrders and multiply the price with a value you are willing to pay max for that stock.
Esther Ng
OK, thank you. Many examples uses SetHoldings so I thought I was missing something.
Esther Ng
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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