Buy and Hold - Bypassing Robinhood Gold (margin) negative Balance

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Buy and Hold - Bypassing Robinhood Gold (margin) negative Balance

edited Apr 25, 2017

This code is able to purchase stocks by using money from Robinhood Gold, as long as you have enough buying power. Even though your Robinhood Gold balance shows a negative when the algorithm is deployed, it is still able to purchase stocks but only once and then hold. You can purchase as many as 70 stocks at once by just adding their symbols. I was successfully able to purchase 1 AKR today (had to test with only 1 share just in case things went haywire)

There are still two things I a trying to do and I am hoping someone can help.
1) First, for the stocks I purchase, (AKR in this case) I would like for the algorithm to keep track on the daily prices and purchase an additional stock but only if the day's price is 10% below the initial purchase price (=< 0.90 * cost_basis)
2) For the above to be possible, the algorithm would need to have a function to run at least once daily (preferably every day 30 minutes after market opens.

Does anyone have any idea how I could improve the algorithm to meet these conditions?

5 responses

Can you sell using order(stock, -1)?

if so then it should be trivial to trade completely with robinhood gold, assuming you calculate your buying power manually.

I think it should work just fine. I do not see any reason why it should not

This has largely been solved, at least the buying with Robinhood Gold margin part of it. I do not take credit for it. However, my algo at https://www.quantopian.com/posts/robin-hood-vix-mix is using Robinhood Gold. Read through the last month or two of the thread and you will see links to other sources of working code.

I might have missed something, but I don't see where the purchasing reoccurs when at a ten percent discount.

This algo does not have a discount function. It was my initial algo. The 10% discount is what I intended to improve that algo to do.

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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 Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian 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.