This feature is useful when you are both exiting a position and entering a new position on the other side in one signal. It can only be used when Sides
is set to Both
. It allows you to send a quantity that will both exit your open position and enter a new position. For example, if you have an open bullish long position on AAPL
with a quantity of 10
and you want to go short 5 shares, with this feature checked, you can do the following:
{
"ticker": "AAPL",
"action": "buy",
"quantity": 15
}
This will use the quantity of the open position to calculate an exit order with a quantity of 10
, then it will subtract that quantity from the signal quantity of 15
and use the remaining quantity of 5
to enter a new position. If you do not have an open position, then a quantity of 15 will be entered. If you have an open position with a quantity of 5
, then the exit order will be for 5
and the new position will be for 10
.