Cover Order

[Praveen Baratam]

I am aware that Backtrader supports Bracket Orders with an accompanying Stop Loss and Limit Orders.

But what if I just want a Cover Order with an accompanying Stop Loss and with out any accompanying Limit order compared to Bracket Orders.

As per documentation we can specify a Bracket Order manually as follows-

mainside = self.buy(price=13.50, exectype=bt.Order.Limit, transmit=False)
lowside  = self.sell(price=13.00, size=mainsize.size, exectype=bt.Order.Stop,
                     transmit=False, parent=mainside)
highside = self.sell(price=14.00, size=mainsize.size, exectype=bt.Order.Limit,
                     transmit=True, parent=mainside)

Now what if we just use that low side Stop type without high side Limit type order as below -

mainside = self.buy(price=13.50, exectype=bt.Order.Limit, transmit=False)
lowside  = self.sell(price=13.00, size=mainsize.size, exectype=bt.Order.Stop,
                     transmit=True, parent=mainside)

Is it a legit scenario or will I break anything by doing this?
Thank you.

[Praveen Baratam]

hello @backtrader - Can you please throw some light on the above scenario.

Thank you.

[backtrader]

Have you tried it?