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Questions on "order_target_percent"
Timothy Folkerts
posted Jul 28, 2015
API

Since the contest allows up to 3x leverage, is it possible to go above 100% For example, could I use
order_target_percent(security, 2, style=type)
to leverage a stock to 200% of my current portfolio value?

Is it possible to go straight from a long position to a short position? If I were 100% long, could I go 100% short with
order_target_percent(security, -1, style=type)
or would i need two orders
order_target_percent(security, 0, style=type)
order_target_percent(security, -1, style=type)
?

1 response
James Christopher
Jul 28, 2015

Yes this is totally possible! order_target_percent() adjusts your position in the given security to what ever percentage that you specify, if you don't have an open position then it will open one, likewise if you set the target percent to zero it will close your position. And yes, you can go from a long position to a short position directly, as the name implies it adjusts your position to the specified target so there is no need to first target to zero, and then target to a negative position.

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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.