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Robinhood Algo
Matt Bowen
edited
Seeking Help Getting Started

Trying to prepare an algo for Robinhood trading, I understand that it can take 3 days for funds to settle in Robinhood after a sell is made. I tried to work this into the algo here but it doesn't seem to work. In the algo it executes the buy and sell order on the same day, which we know is not possible in Robinhood.

I'm a beginner here so I'm not sure how to make how to make this algo check to see if settledfunds are available before trading. Maybe if i could tell it to trade with only half of my account balance, I'm just not sure which is easier. Any help would be greatly appreciated. Thank you! :)

2 responses
Seong Lee

Hi Matt,

I may not be reading the situation correctly. It seems like you're wondering why you're able to buy and sell in the same day?

In this case. If you buy first and then sell that is entirely possibly in the same day since buys will reduce your cash and settled cash at the same time - meaning cash == settled_cash.

If that's the problem you're running into, hopefully the explanation above clears it up. If not, I'm happy to continue the conversation.

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Blue Seahawk

track_orders() might help work thru that to be able to see when sells are filled. Possibly in place of order_target_percent, call your own order_local() that will call an order_target_percent inside of that, adjusting the percentages downward based on how much cash is in the three day hold.

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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.