Stop as a percent of trade.

[arahmed24]

Is there a way to submit the stop price as the percent instead of a pre-calculated value? i.e. We want to submit a market order with a stop loss of .1%. Our preference is to submit a stop loss as a percent of the executed price, not calculated based on the current price or close price. Let's take an example. Assume the close price is 100 when we placed a market order which gets filled at 100.99 (executed price), in this case, we want the stop loss to be 100.99*.999 instead of 100 *.999.

Thanks in advance.

[shlomiku]

Hi,
the buy() method is a backtrader method. not alpaca-backtrader-api method.
so, doing a change like this should be done (if decided that it is needed) in the original package

now, why not just have a utility function that calculates those values for you and use it every time you call the buy() method?

[arahmed24]

Hi

Thank you for a quick response. My vote is to support it as it is good practice to submit stop loss as a percent of the executed price that executes on the server versus the client.

Utility function and pass it to the server in a call? Like a lambda function?

We are thinking of getting around this is by placing an order with stop loss as precalculated value and then go back update the stop loss price when we have the executed price.

Thanks

Hi,
the buy() method is a backtrader method. not alpaca-backtrader-api method.
so, doing a change like this should be done (if decided that it is needed) in the original package

now, why not just have a utility function that calculates those values for you and use it every time you call the buy() method?

[shlomiku]

Hi
if I understand correctly you want a change/addition in the API
so it's not related to this package (you want it on the server side, not the client side)
this is the API
https://alpaca.markets/docs/api-documentation/api-v2/orders/

submit your feature request through the correct channel:
https://alpaca.markets/docs/issues-and-questions/

[shlomiku]

closing due to lack of activity