I am new to WL. I have been working on a strategy for a week or so. I have backtested my strategy with a number of data sets and I am happy with the results.
Now I wish to do "Paper Trading" in PaperAccount1 (for a short period of time) on all the stocks listed in my custom "NDC To Trade" data set which consist of 50 stocks. Since my strategy has a stop loss exit I am getting 50 alerts to enter a stop loss order but no buy alerts since the backtest executed the buy orders some time ago.
Must I manually enter a buy order with Fidelity using the order ticket form for each of the 50 stocks into paperaccount1 to reproduce the open position that the backtest thinks I have before I (automatically act on the alerts) enter the stop loss order or is there a way to automatically have WL place the buy orders with Fidelity for my PaperAccount1?
I assume that I need to duplicate the position that the BackTest has for the data set before I go "Live".
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The exit alerts for the positions not owned in your account will be ignored. Nonetheless you can instruct your strategy to not enter the historical positions and start new by adding a condition like this:
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I think I added your suggestion correctly ??? I see no change when I run the backtest. Still shows long positions.
Will I see the change when I log on to Fidelity and do the paper trade?
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You've missed the key step;
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Eugene, you should correct that step in your instruction in post #2 :D LOL
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Robert, please clarify.
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Nevermind.. I use a different, slightly shorter, design pattern...
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