Hi There,

I'm working on an Alpha currently which emits insights indicating when a security should be purchased. This occurs when the security is trading at a price commensurate with the insight. (Ie. the insight indicates the security is currently to be purchased, within the timeframe of the insight).

Typically with a normal algorithm, I would place this order as a limit order. Once confirmed filled in OnOrderEvent, I would place another limit order to take profit - for the sake of argument say at the Fill Price + 10%. This order obviously sits for some time until filled, but one thing is certain - the prevailing market price does not meet the requirement to sell the security yet.

How do I emit insights for the profit taker? If I emit an insight when I place the limit order, I am emitting an insight at the wrong price. Can I emit an insight for the security to indicate a particular price?

Thank you

Author

Daniel Rose

August 2020