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create trailing stop loss function

Dear all,

My goal is to create a trailing stop loss as I enter a trade. Meaning, every time prices move up, the stop loss moves up BUT not vice-versa.

I will try schedule a function which checks on a daily basis if the stop is reached or not and if so, sell the asset.

I'm a complete newby to python and Quantopian, so I don't know exactly how to tackle this problem.
Would you recommend creating a dictionary? Or do you have any other suggestions?

Thanks a lot!


2 responses

In the documentation look for check_positions_for_loss_or_profit function. That is a good starting point, then you can adapt it to your needs.