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You're reading from  Python Algorithmic Trading Cookbook

Product typeBook
Published inAug 2020
Reading LevelIntermediate
PublisherPackt
ISBN-139781838989354
Edition1st Edition
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Author (1)
Pushpak Dagade
Pushpak Dagade
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Pushpak Dagade

Pushpak Dagade is working in the area of algorithmic trading with Python for more than 3 years. He is a co-founder and CEO of AlgoBulls, an algorithmic trading platform.
Read more about Pushpak Dagade

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Placing a regular market order

A regular market order is the simplest type of order. This order type is used for placing a single order immediately at the best available market price. The market price is equivalent to the LTP (as explained in the Last traded price of a financial instrument recipe of Chapter 3, Fetching Financial Data).

On placing a regular market order, it goes through various intermediate states before finally reaching an end state (COMPLETE or REJECTED). A regular market order immediately moves to the end state without waiting on any intermediate states. The following state machine diagram demonstrates the various states of a regular market order during its lifetime:

This recipe demonstrates placing of the following regular market orders and querying their status:

  • BUY, REGULAR, INTRADAY, MARKET order
  • SELL, REGULAR, INTRADAY, MARKET order
  • BUY, REGULAR, DELIVERY, MARKET order
  • SELL, REGULAR, DELIVERY, MARKET order

Getting ready

Make sure the broker_connection object...

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Python Algorithmic Trading Cookbook
Published in: Aug 2020Publisher: PacktISBN-13: 9781838989354

Author (1)

author image
Pushpak Dagade

Pushpak Dagade is working in the area of algorithmic trading with Python for more than 3 years. He is a co-founder and CEO of AlgoBulls, an algorithmic trading platform.
Read more about Pushpak Dagade