Hello,
I am struggling to implement and adjust trailing stops which I can use to liquidate my portfolio holdings. In order to enter trades, I am using the self.SetHoldings method. Looking for either some assistance or good examples.
Thanks
QUANTCONNECT COMMUNITY
Hello,
I am struggling to implement and adjust trailing stops which I can use to liquidate my portfolio holdings. In order to enter trades, I am using the self.SetHoldings method. Looking for either some assistance or good examples.
Thanks
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Halldor Andersen
Hi Harrison.
Trailing Stop-Order is not available as order type yet. Trailing Stop-Order type will be added soon to LEAN. Follow this issue on GitHub to track the progress.
However, it is possible to implement a "hack" using a market order to close your position if the price of a security drops below a user-defined trailing stop level.In the attached backtest,
I've demonstrated how to use a market order to close a position if the price of a security drops below a trailing stop level. Keep in mind that this "hack" is not equivalent to a Trailing Stop-Order.
Harrison Burdge
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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