Update / Amend Existing Orders
Is it possible to update / amend existing open orders? Many platforms in real life are capable of this, wondering if it's possible in backtrader?
EG. I have open Stop-loss / Take-Profit orders, but I am adjusting my current long position (say increasing by 10%)... so I need to update the open Stop-Loss / Take-profit sizes and execution prices to match the new adjusted long position. Is this possible??
At present I am just:
- Cancelling existing SL/TP
- Wait until next day so the notify order process is finished and the SL/TP orders are gone
- Create new buy to adjust position, and create new SL/TP
This work fine... but you miss out on full 24 hours every time (using daily data), thus reducing profitability significantly. So it would be great if there was an update/amend functionality!
I would also be interested if you have any other suggestions to mange this!
At the moment it's not possible. Was already spoken in another thread and noted for when it may be possible.
Thanks @backtrader, understood. Would you have any tips for managing, or is my current approach the best for now?
Also, are there any plans to implement such functionality? If so do you have a 'ball park' time frame?
@cwse you can speed up notifications. See the last posts in this thread Community -Replaying Data - Effects on Signal Generators
At the moment development is somehow frozen, although some bits (including order modification) may actually be enough to kickstart a new feature release.
awesome! Fingers crossed for a new release :-)
any update on when amend would be available in backtrader.
There is none at the moment.