self.create_order

strategies.strategy.Strategy.create_order(self, asset, quantity, side, limit_price=None, stop_price=None, time_in_force='gtc', good_till_date=None, take_profit_price=None, stop_loss_price=None, stop_loss_limit_price=None, trail_price=None, trail_percent=None, position_filled=False, exchange='SMART', quote=None, pair=None)

Creates a new order for this specific strategy. Once created, an order must still be submitted.

Some notes on Crypto markets:

Crypto markets require both a base currency and a quote currency to create an order. For example, use the quote parameter.:

>>> self.create_order(
>>>     Asset(symbol='BTC', asset_type='crypto'),
>>>     .50,
>>>     'buy',
>>>     quote=Asset(symbol='USDT', asset_type='crypto'),
>>> )

Orders for crypto markets are restriced to: market, limit, stop_limit.

Crypto markets’ orders are simple. There are no compound orders such oco or bracket. Also, duration of orders are all GTC.

Parameters

  • asset (str or Asset) – The asset that will be traded. If this is just a stock, then str is sufficient. However, all assets other than stocks must use Asset.

  • quantity (int string Decimal (float will deprecate)) – The number of shares or units to trade. One may enter an int, a string number eg: “3.213”, or a Decimal obect, eg: Decimal(“3.213”). Internally all will convert to Decimal.

  • side (str) – Whether the order is buy or sell.

  • limit_price (float) – A Limit order is an order to buy or sell at a specified price or better. The Limit order ensures that if the order fills, it will not fill at a price less favorable than your limit price, but it does not guarantee a fill.

  • stop_price (float) – A Stop order is an instruction to submit a buy or sell market order if and when the user-specified stop trigger price is attained or penetrated.

  • time_in_force (str) –

    Amount of time the order is in force. Order types include:

    • 'day' Orders valid for the remainder of the day.

    • 'gtc' Good until cancelled.

    • 'gtd' Good until date.

    (Default: ‘day’)

  • good_till_date (datetime.datetime) – This is the time order is valid for Good Though Date orders.

  • take_profit_price (float) – Limit price used for bracket orders and one cancels other orders.

  • stop_loss_price (float) – Stop price used for bracket orders and one cancels other orders.

  • stop_loss_limit_price (float) – Stop loss with limit price used for bracket orders and one cancels other orders.

  • trail_price (float) – Trailing stop orders allow you to continuously and automatically keep updating the stop price threshold based on the stock price movement. trail_price sets the trailing price in dollars.

  • trail_percent (float) – Trailing stop orders allow you to continuously and automatically keep updating the stop price threshold based on the stock price movement. trail_price sets the trailing price in percent.

  • position_filled (bool) – The order has been filled.

  • exchange (str) – The exchange where the order will be placed. Default = 'SMART'

  • quote (Asset) – This is the currency that the main coin being bought or sold will exchange in. For example, if trading BTC/ETH this parameter will be ‘ETH’ (as an Asset object).

Returns

Order object ready to be submitted for trading.

Return type

Order

Example

>>> # For a market buy order
>>> order = self.create_order("SPY", 100, "buy")
>>> self.submit_order(order)

>>> # For a limit order where limit price = 100
>>> limit_order = self.create_order("SPY", 1, "buy", limit_price=100)
>>> self.submit_order(limit_order)

>>> # Sell 100 shares of TLT
>>> order = self.create_order("TLT", 100, "sell")
>>> self.submit_order(order)

>>> # For a stop loss order
>>> order = self.create_order("SPY", 100, "buy", stop_price=100.00)
>>> self.submit_order(order)

>>> # For a stop limit order
>>> order = self.create_order("SPY", 100, "buy", limit_price=100.00, stop_price=100.00)
>>> self.submit_order(order)

>>> # For a market sell order
>>> order = self.create_order("SPY", 100, "sell")
>>> self.submit_order(order)

>>> # For a limit sell order
>>> order = self.create_order("SPY", 100, "sell", limit_price=100.00)
>>> self.submit_order(order)

>>> # For an order with a trailing stop
>>> order = self.create_order("SPY", 100, "buy", trail_price=100.00)
>>> self.submit_order(order)

>>> # For an OCO order
>>> order = self.create_order(
>>>                "SPY",
>>>                100,
>>>                "sell",
>>>                take_profit_price=limit,
>>>                stop_loss_price=stop_loss,
>>>                position_filled=True,
>>>            )

>>> # For a bracket order
>>> order = self.create_order(
>>>                "SPY",
>>>                100,
>>>                "sell",
>>>                take_profit_price=limit,
>>>                stop_loss_price=stop_loss,
>>>                stop_loss_limit_price=stop_loss_limit,
>>>            )

>>> # For a bracket order with a trailing stop
>>> order = self.create_order(
>>>                "SPY",
>>>                100,
>>>                "sell",
>>>                trail_percent=trail_percent,
>>>                take_profit_price=limit,
>>>                stop_loss_price=stop_loss,
>>>                stop_loss_limit_price=stop_loss_limit,
>>>            )

>>> # For an OTO order
>>> order = self.create_order(
>>>                "SPY",
>>>                100,
>>>                "sell",
>>>                take_profit_price=limit,
>>>                stop_loss_price=stop_loss,
>>>            )

>>> # For a futures order
>>> asset = Asset("ES", asset_type="future", expiration="2019-01-01")
>>> order = self.create_order(asset, 100, "buy", limit_price=100.00)
>>> self.submit_order(order)

>>> # For a futures order with a trailing stop
>>> asset = Asset("ES", asset_type="future", expiration="2019-01-01")
>>> order = self.create_order(
>>>                asset,
>>>                100,
>>>                "buy",
>>>                trail_percent=trail_percent,
>>>                limit_price=limit,
>>>                stop_price=stop_loss,
>>>            )
>>> self.submit_order(order)

>>> # For an option order
>>> asset = Asset("SPY", asset_type="option", expiration="2019-01-01", strike=100.00)
>>> order = self.create_order(asset, 100, "buy", limit_price=100.00)
>>> self.submit_order(order)

>>> # For an option order with a trailing stop
>>> asset = Asset("SPY", asset_type="option", expiration="2019-01-01", strike=100.00)
>>> order = self.create_order(
>>>                asset,
>>>                100,
>>>                "buy",
>>>                trail_percent=trail_percent,
>>>                limit_price=limit,
>>>                stop_price=stop_loss,
>>>            )
>>> self.submit_order(order)

>>> # For a FOREX order
>>> asset = Asset(
>>>    symbol="CHF",
>>>    currency="EUR",
>>>    asset_type="forex",
>>>  )
>>> order = self.create_order(asset, 100, "buy", limit_price=100.00)
>>> self.submit_order(order)

>>> # For a options order with a limit price
>>> asset = Asset("SPY", asset_type="option", expiration="2019-01-01", strike=100.00)
>>> order = self.create_order(asset, 100, "buy", limit_price=100.00)
>>> self.submit_order(order)

>>> # For a options order with a trailing stop
>>> asset = Asset("SPY", asset_type="option", expiration="2019-01-01", strike=100.00)
>>> order = self.create_order(
>>>                asset,
>>>                100,
>>>                "buy",
>>>                trail_percent=trail_percent,
>>>                limit_price=limit,
>>>                stop_price=stop_loss,
>>>            )
>>> self.submit_order(order)

>>> # For a cryptocurrency order with a market price
>>> base = Asset("BTC", asset_type="crypto")
>>> quote = Asset("USD", asset_type="crypto")
>>> order = self.create_order(base, 0.05, "buy", quote=quote)
>>> self.submit_order(order)

>>> # Placing a limit order with a quote asset for cryptocurrencies
>>> base = Asset("BTC", asset_type="crypto")
>>> quote = Asset("USD", asset_type="crypto")
>>> order = self.create_order(base, 0.05, "buy", limit_price=41000,  quote=quote)
>>> self.submit_order(order)