Can we tell alpaca api to automatically liquidate my position at a given time of a day?

[fightthepower]

I want to liquidate all the positions by the end of the day automatically even if my own code didn't initiate it. Is there any way I can tell alpaca to liqudate a position at a particular time of the day (eg: 4.00 PM) while placing an order?

[bdowling]

Currently there is no such functionality, but it is an interesting use case that we could consider when we are seeking to implement advanced order types and rules-based orders.

In the time being, you could do this with a very simple cron task or even a scheduled cloud-function if you wanted to have it safely executed in a robust hosted environment.

Here is some sample code that you could base something on using the python sdk.

    import alpaca_trade_api as tradeapi
    api = tradeapi.REST()

    orders = api.list_orders(status='open')
    positions = api.list_positions()

    if orders or positions:
        if positions:
            print(positions)

        if orders:
            print("Canceling open orders:")
            print([o.id for o in orders])
            result = [api.cancel_order(o.id) for o in orders]
            print(result)

        closed = []
        for p in positions:
            side = 'sell'
            if int(p.qty) < 0:
                p.qty = abs(int(p.qty))
                side = 'buy'
            closed.append(
                api.submit_order(p.symbol, qty=p.qty, side=side, type="market", time_in_force="day")
                )

        if closed:
            print("Submitted Orders", closed)

        for o in closed:
            status = api.get_order(o.id)
            if status.status == 'rejected':
                print("ORDER FAILED: Your Order was Rejected!!!")

[umitanuki]

I believe #56 will achieve it.