This is dedicated to Naor Porat in response to his request in the thread The Gold King And His Knights.
I think this will work for IB.
The King Forgot His Shorts
Thanks a lot Charles! You're unbelievable!
That looks promising, but when backtesting from 2014 it is simply stops making its good output...
In addition, now the DD has become more than 50%! Any reason for that?...
The price filter seemed to be broken. It is fixed now, as far as I know.
I am live trading the Robin Hood Throws A Party version of this.
Is this algo supposed to short stocks as well. i am trading this algo in my IB account for the last few days and noticed that i have one short position .
I have never shorted a stock in my life. So I have no personal experience shorting stocks.
I also only have Robinhood broker account, not Interactive Brokers. So I have no experience with IB, other than I expect to eventually get an account, because my research indicates they are the best, or darn close to it.
Yes, this algo shorts stocks.
Because I do not use IB and Robinhood does not allow shorting of stocks, I do not personally test shorting in live trading. So, all I have is what you and others say your experiences are with it in IB.
This verion of the algo is the only one that I have done that shorts stocks. Admittedly it prefers long to short, and ends up with much more long than short.
If, anybody here that has IB, wants to basically take over tweaking this algo, that may be for the best, since I do not have IB.
@Charles - are you still live trading this? Curious about your results. In my backtest of this, I noticed a lot of low prices stocks and/or low volume stocks.... and the algo version I saw had no commissions or slippage assumptions... is this still the case? It appears that adding those items significantly reduces performance, although it holds up rather well in backtesting on market drops, perhaps because those drops haven't been for long time periods... anyway, I'd love to know your experience till now in the live environment and if you've tweaked it further since last posting your code, thanks.
Long story short. I use Robinhood broker and they don't currently allow shorting. This algo was done for a special request for somebody that requested an algo that does shorting.
The algo that I use is my current one at https://www.quantopian.com/posts/robin-hood-extreme-vetting
It does not do shorting. If you want it to short, you will need to code that yourself.
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.