Merge pull request #2559 from DerekMelchin/bug-2557-pdt-rule

DerekMelchin · web-flow · commit 02625fa4be04 · 2026-06-24T15:55:41.000-06:00
Remove PDT Rule
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/01 QuantConnect Paper Trading/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/01 QuantConnect Paper Trading/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/quantconnect-paper-trading#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you set the brokerage model to a different model, the new brokerage model defines how margin is modeled. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>. </p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/quantconnect-paper-trading#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you set the brokerage model to a different model, the new brokerage model defines how margin is modeled.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/02 Interactive Brokers/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/02 Interactive Brokers/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/interactive-brokers#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/interactive-brokers#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/03 TradeStation/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/03 TradeStation/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/tradestation#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/tradestation#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/04 Tastytrade/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/04 Tastytrade/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/tastytrade#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/tastytrade#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/05 Alpaca/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/05 Alpaca/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/alpaca#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/alpaca#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/07 Charles Schwab/09 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/07 Charles Schwab/09 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/charles-schwab#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/charles-schwab#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/08 Webull/09 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/08 Webull/09 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/webull#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/webull#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/11 Tradier/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/11 Tradier/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/tradier#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/tradier#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/17 SSC Eze/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/17 SSC Eze/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/ssc-eze#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/ssc-eze#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/01 Cloud Platform/10 Live Trading/02 Brokerages/19 Wolverine/08 Margin.html b/01 Cloud Platform/10 Live Trading/02 Brokerages/19 Wolverine/08 Margin.html
@@ -1 +1 @@
-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/wolverine#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>.</p>
+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/wolverine#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements.</p>
diff --git a/03 Writing Algorithms/01 Key Concepts/04 Multi-Asset Modeling/04 Buying Power.html b/03 Writing Algorithms/01 Key Concepts/04 Multi-Asset Modeling/04 Buying Power.html
@@ -1 +1 @@
-<p>We model the margin requirements of each asset and reflect that in the buying power available to the algorithm. We source Futures margins from CME SPAN margins. Equity margin is 2x for standard margin accounts and 4x intraday for Pattern Day Trading accounts. For more information about buying power modeling, see <a href="/docs/v2/writing-algorithms/reality-modeling/buying-power">Buying Power</a>.</p>
+<p>We model the margin requirements of each asset and reflect that in the buying power available to the algorithm. We source Futures margins from CME SPAN margins. Equity margin is 2x for standard margin accounts. For more information about buying power modeling, see <a href="/docs/v2/writing-algorithms/reality-modeling/buying-power">Buying Power</a>.</p>
diff --git a/03 Writing Algorithms/01 Key Concepts/99 Glossary/23 pattern day trader.php b/03 Writing Algorithms/01 Key Concepts/99 Glossary/23 pattern day trader.php
diff --git a/03 Writing Algorithms/24 Reality Modeling/07 Buying Power/01 Introduction.html b/03 Writing Algorithms/24 Reality Modeling/07 Buying Power/01 Introduction.html
@@ -1,4 +1,4 @@
-<p>Buying power models (also known as margin models) control how much buying power or leverage your portfolio has to make trades. When you place an order, LEAN uses the buying power model to determine whether the order should be submitted so you avoid placing orders that would be rejected by the brokerage. Buying power calculations can be very complex and depend on many factors, including the brokerage or even the time of day. For example, the <code>PatternDayTradingMarginModel</code> lets you have 4x leverage during regular trading hours and 2x leverage during pre-market and post-market trading hours.</p>
+<p>Buying power models (also known as margin models) control how much buying power or leverage your portfolio has to make trades. When you place an order, LEAN uses the buying power model to determine whether the order should be submitted so you avoid placing orders that would be rejected by the brokerage. Buying power calculations can be very complex and depend on many factors, including the brokerage or even the time of day.</p>
 
 
 
diff --git a/03 Writing Algorithms/24 Reality Modeling/07 Buying Power/12 PDT Rule.php b/03 Writing Algorithms/24 Reality Modeling/07 Buying Power/12 PDT Rule.php
diff --git a/03 Writing Algorithms/24 Reality Modeling/07 Buying Power/metadata.json b/03 Writing Algorithms/24 Reality Modeling/07 Buying Power/metadata.json
@@ -2,7 +2,7 @@
     "type": "metadata",
     "values": {
         "description": "Buying power models (also known as margin models) control how much buying power or leverage your portfolio has to make trades. ",
-        "keywords": "Buying power, credit loan from your brokerage, interest fees, margin requirement, Maintenance margin, margin call, Leverage, boost your returns, set the buying power model of a security, security initializer, pattern day trading rule, set the leverage",
+        "keywords": "Buying power, credit loan from your brokerage, interest fees, margin requirement, Maintenance margin, margin call, Leverage, boost your returns, set the buying power model of a security, security initializer, set the leverage",
         "og:description": "Buying power models (also known as margin models) control how much buying power or leverage your portfolio has to make trades. ",
         "og:title": "Buying Power - Documentation QuantConnect.com",
         "og:type": "website",
diff --git a/Resources/brokerages/buying-power-live-trading-considerations.html b/Resources/brokerages/buying-power-live-trading-considerations.html
@@ -1,5 +1,5 @@
 <p>
-    LEAN doesn't infer account type, leverage, margin requirements, or pattern day trading rules from your brokerage account. For example, if you have a cash account, and your algorithm doesn't set <code>AccountType.</code><code class="csharp">Cash</code><code class="python">CASH</code>, LEAN will not automatically enforce cash account restrictions such as leverage of 1x or immediate settlement. You must manually configure your algorithm to adhere to these rules. If you set the leverage to 10x and you have a leverage of 2x, LEAN will place orders that can be rejected by your brokerage.
+    LEAN doesn't infer account type, leverage, or margin requirements from your brokerage account. For example, if you have a cash account, and your algorithm doesn't set <code>AccountType.</code><code class="csharp">Cash</code><code class="python">CASH</code>, LEAN will not automatically enforce cash account restrictions such as leverage of 1x or immediate settlement. You must manually configure your algorithm to adhere to these rules. If you set the leverage to 10x and you have a leverage of 2x, LEAN will place orders that can be rejected by your brokerage.
 </p>
 
 <p>
diff --git a/Resources/brokerages/pattern-day-trader-rule.php b/Resources/brokerages/pattern-day-trader-rule.php
diff --git a/Resources/glossary/day-trade.html b/Resources/glossary/day-trade.html
@@ -1 +1 @@
-<p>Buying and selling the same asset within one trading day. In the US Equity market, the Financial Industry Regulatory Authority (FINRA) monitors day trading activity and enforces the pattern day trader rule.</p>
+<p>Buying and selling the same asset within one trading day.</p>
diff --git a/Resources/glossary/pattern-day-trader.html b/Resources/glossary/pattern-day-trader.html

Original file line number	Diff line number	Diff line change
`@@ -1 +1 @@`
`1`		-<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/quantconnect-paper-trading#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you set the brokerage model to a different model, the new brokerage model defines how margin is modeled. If you have more than $25,000 in your brokerage account, you can use the <code>PatternDayTradingMarginModel</code> to make use of the 4x intraday leverage and 2x overnight leverage available on most brokerages from the <a href='/docs/v2/writing-algorithms/reality-modeling/buying-power#12-PDT-Rule'>PDT rule</a>. </p>
	`1`	`+<p>We model <a href='/docs/v2/writing-algorithms/reality-modeling/brokerages/supported-models/quantconnect-paper-trading#07-Buying-Power'>buying power</a> and <a href='/docs/v2/writing-algorithms/reality-modeling/margin-calls'>margin calls</a> to ensure your algorithm stays within the margin requirements. If you set the brokerage model to a different model, the new brokerage model defines how margin is modeled.</p>`