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adds stop loss #8

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adds stop loss #8

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7 changes: 7 additions & 0 deletions functions/index.js
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Original file line number Diff line number Diff line change
Expand Up @@ -82,6 +82,9 @@ exports.getRichQuick = functions
// get account
const account = await alpaca.getAccount();
console.log(`dry powder: ${account.buying_power}`);
// get current info about stock
const stock = await alpaca.getAsset(stocksToBuy[0])
console.log(`this is the current info about the stock being bought ${stock}`);

// place order
const order = await alpaca.createOrder({
Expand All @@ -91,6 +94,10 @@ exports.getRichQuick = functions
side: 'buy',
type: 'market',
time_in_force: 'day',
stop_loss: {
stop_price: stock.price * 0.9, // sells stock if tanks by 10%
limit_price: stock.price * 0.89 // limit should always be a little lower than stop price because of market ineffiences
}
});

console.log(`look mom i bought stonks: ${order.id}`);
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