I have a few ?'s about scheduling orders at open + 390:
If I schedule orders for market open +390 I get orders filled at 9:31 using the back test, but at IB my orders get cancelled.
Is there a way to specify that I want the IB orders to stay open overnight?
(or) Is the earliest possible IB order at 9:32 using schedule open + 1?
btw, scheduling for mkt close -0 causes an error, but it would be helpful if it worked the same as open + 390 because it knows about early closes...
Thanks!
Karl
My understanding is that all Quantopian-originated IB orders are automatically cancelled after the market closes. I don't know if the cancellation is issued by Quantopian, or if all orders are submitted with instructions to cancel. For Robinhood, I don't if the orders persist overnight.
When backtesting, you have to add code to emulate this behavior. For whatever reason, Quantopian hasn't included the automatic cancellation in the backtester (perhaps because eventually they hope to eliminate it?).
Orders dont stay open overnight because Quantopian does not support GTC orders yet.
See the end of this discussion for more info: https://www.quantopian.com/posts/live-trading-concern
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.
