I don't know how to exit a position after my target has been hit?

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I don't know how to exit a position after my target has been hit?

posted May 9, 2019

Seeking Help Mean Reversion

Hello, once again I am stuck and I am hoping you can help me out. I am building algo's on drops at the moment. When a particular symbol drops 2.1% I want to get long. Then when the symbol mean reverts and reaches a percent change of 0, I want to exit the trade. I am able to get in the position fine, the trouble is I can't get out of the position. I do not know how to identify when I am in the trade, to tell the IDE when to get out of the trade. So then the algo just keeps buying and never selling. I have played around with get_open_orders and get_order, but I do not know how to use them apparently. Any help is greatly appreciated,

3 responses

Hello Josh,

Attached.

Thank you so much!!! I knew I was over thinking it. I tried for 3 hours reading documentation yesterday and trying different things. Thank you very much!

Part of that is ok but the way to exit a position is order_target(security_object, 0) because order(security_object, 0) would make no change.
Often people will use order_target_percent(security_object, 0). For the purist (that would be me), that's an extra unnecessary step for the code to decide how many shares 0% of the portfolio represent.

https://www.quantopian.com/help#api-order-methods

order_optimal_portfolio  
order  
order_percent  
order_target  
order_target_percent  
order_target_value  
order_value

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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.