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Stop Loss and Stop Profit - Give me your feedback
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Hello
So I wrote this code that will allow me to automatically stop loss and stop profit based on a percentage from the original buy price, I would love to hear your feedback and if you have any suggestion to improve it.class myStrategy(bt.Strategy): params = ( ('stopLoss', 0.40), #if current price is %40 below the original buy price then sell the stock ('stopWin',0.40) #if current price is %40 above the original buy price then sell the stock ) def __init__(self): # To keep track of pending orders self.order = None self.stopOrder = None def notify_order(self, order): if order.status in [order.Submitted, order.Accepted]: return if order.status in [order.Completed]: if order.isbuy(): if(self.params.stopLoss): self.stopOrder = self.sell(price=order.executed.price,exectype=bt.Order.StopTrail,trailpercent=self.params.stopLoss) if(self.params.stopWin): self.stopOrder = self.sell(price=(order.executed.price*(1+self.params.stopWin)),exectype=bt.Order.Limit,oco=self.stopOrder) self.order = None def next(self): if self.order: return if not self.position: if self.data.close[0] > self.sma[0]: self.order = self.buy(price=(self.datas[0].close[0]),exectype=bt.Order.Market) else: if self.datas[0].close[0] < self.sma[0]: self.order = self.sell(exectype=bt.Order.Market,oco=self.stopOrder)
