Entering a Long Position

Entering a long position means you are going long on an asset. This is useful if you want to enter a position at once, for example when you want to enter a position when a certain condition is met.

Often, you want to enter a long position when you think the price will go up.

Note

Currently, only market orders are supported. More order types will be added in the future.

Method

tm.enter_long_position_market(quantity, comment="", tags={})

Note

When you enter a long position, all open short positions will be closed.

Inputs

Parameter	Argument type	Description	Default Value
quantity	float	Quantity to buy	-
comment	Optional[str]	Comment to add to the order	""
tags	Optional[Dict[str, str]]	Tags to add to the order	{}
stop_loss_percent	Optional[float]	Stop loss percentage	None
take_profit_percent	Optional[float]	Take profit percentage	None

Outputs

Order that was created to enter the position.

Example usage

strategy.py

import tradomate as tm

@tm.strategy()
def my_strategy(config: tm.TradomateConfig, data: tm.TradomateData):

    # ... Your strategy code here

    # Enter a long position
    order = tm.enter_long_position_market(
        quantity=1,
        comment="Entering long position",
        tags={"reason": "Signal"},
        stop_loss_percent=5,
        take_profit_percent=10
    )

    # ... Your strategy code here