alpacahq / Alpaca-API

The Alpaca API is a developer interface for trading operations and market data reception through the Alpaca platform.
https://alpaca.markets/
141 stars 13 forks source link

Enable customer to set a limit on the number of daily trades for an account #164

Open fredwright68 opened 3 years ago

fredwright68 commented 3 years ago

Although I try to be careful with my code, the possibility of an accidental loop that forever buys and sells is quite frightening, due to loss of the bid-ask spread in each transaction. A simple solution is to enable the customer to set the maximum number of daily trades for the account. Any runaway process will quickly hit this limit and the damage limited.

Product request: A limit on the number of daily trades allowed for an account, set by the customer

An alternate solution is a kill switch coded by the customer, ideally using a different computer, but would require continuous account monitoring at very high speed to recognize and kill a runaway loop.