I'm new here but I want to create an algorithm that buys the one of the cheapest available stocks on the market and then sells it if/when it makes a profit on the Robinhood platform. If anyone could help me/get me started, it would be much appreciated.
Not sure where I asked about profit; I asked how to do it.. But I guess you can't. Thanks for the input.
Consider re phrasing your question. As it stands it is meaningless. A good start would be to give an accurate definition of the word "cheap". Accurate both in a linguist sense and in such terms that it can be put into code and used in an algorithm to comb through the 8000 stocks forming the Quantopian database.
Then perhaps someone may be able to help you.
We'll say starting at $.15. Although I'm fairly confident that leaving that number open to the discretion of whoever is willing to help me would make it easier on them. Is that enough or do you need me to simplify it some more for you?
I will leave aside the question of how to value a share. A share trading at US cents is not necessarily cheap. It may go down rather than up. Thus you have not defined the word "cheap" in a meaningful economic or market sense.
Leaving that question aside you now want to turn your attention to the Quantopian Pipeline. You can use it to search for US listed stocks trading at 15 cents or less.
Having found such stocks you can then instruct your algorithm to buy them. In such quantity as you may determine.
Your algorithm should then contain rules for when to sell the stock.
There are many sample algos on this forum. You should pick bits out of them to craft your own purpose built algo.
Please sign in or
join Quantopian to
post a reply.
Need help?
Contact support.
Company
Learn & Support
Notices
Follow Us
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.