Hello,
I have taken online classes with python. I am excited to say I have started making progress! I still can’t wrap my head around self though. I want to build a very simple algo that buys or sells in a 2 point band around mid. The sell for a 2 point move. So if it’s. Below mid and retraces back to mid (hi + lo) / 2 then it sells. And if it breaks the 2 point band it exits trade. How would I go about designing this?
Gurumeher Sawhney
Self references the instance of the class itself. So when creating a method or calling methods within the class we use self. For example, SetWarmUp() is a method inside the QCAlgorithm class, so during Initialize(), we call self.SetWarmUp().
With regards to the strategy, this can easily be implemented using Bollinger Bands. Here is a simple strategy below that uses RSI and BollingerBands that can simplified to create the strategy described above.
Joshua Dawson
Thank you very much for explaining self and providing the algo.
Joshua Dawson
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