When trading with robinhood, how do we program bracket orders?
I want it to sell if it drops x% below the purchase price, or y% above the purchase price.
When trading with robinhood, how do we program bracket orders?
I want it to sell if it drops x% below the purchase price, or y% above the purchase price.
https://www.quantopian.com/help
Search page for cost_basis. This is copied from there.
def check_positions_for_loss_or_profit(context, data):
# Sell our positions on longs/shorts for profit or loss
for security in context.portfolio.positions:
is_stock_held = context.stocks_held.get(security) >= 0
if data.can_trade(security) and is_stock_held and not get_open_orders(security):
current_position = context.portfolio.positions[security].amount
cost_basis = context.portfolio.positions[security].cost_basis
price = data.current(security, 'price')
# On Long & Profit
if price >= cost_basis * 1.10 and current_position > 0:
order_target_percent(security, 0)
log.info( str(security) + ' Sold Long for Profit')
del context.stocks_held[security]
# On Short & Profit
if price <= cost_basis* 0.90 and current_position < 0:
order_target_percent(security, 0)
log.info( str(security) + ' Sold Short for Profit')
del context.stocks_held[security]
# On Long & Loss
if price <= cost_basis * 0.90 and current_position > 0:
order_target_percent(security, 0)
log.info( str(security) + ' Sold Long for Loss')
del context.stocks_held[security]
# On Short & Loss
if price >= cost_basis * 1.10 and current_position < 0:
order_target_percent(security, 0)
log.info( str(security) + ' Sold Short for Loss')
del context.stocks_held[security]