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Getting Started with Forex Trading Using Python

Getting Started with Forex Trading Using Python

By : Alex Krishtop
4.3 (3)
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Getting Started with Forex Trading Using Python

Getting Started with Forex Trading Using Python

4.3 (3)
By: Alex Krishtop

Overview of this book

Algorithm-based trading is a popular choice for Python programmers due to its apparent simplicity. However, very few traders get the results they want, partly because they aren’t able to capture the complexity of the factors that influence the market. Getting Started with Forex Trading Using Python helps you understand the market and build an application that reaps desirable results. The book is a comprehensive guide to everything that is market-related: data, orders, trading venues, and risk. From the programming side, you’ll learn the general architecture of trading applications, systemic risk management, de-facto industry standards such as FIX protocol, and practical examples of using simple Python codes. You’ll gain an understanding of how to connect to data sources and brokers, implement trading logic, and perform realistic tests. Throughout the book, you’ll be encouraged to further study the intricacies of algo trading with the help of code snippets. By the end of this book, you’ll have a deep understanding of the fx market from the perspective of a professional trader. You’ll learn to retrieve market data, clean it, filter it, compress it into various formats, apply trading logic, emulate the execution of orders, and test the trading app before trading live.
Table of Contents (21 chapters)
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1
Part 1: Introduction to FX Trading Strategy Development
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5
Part 2: General Architecture of a Trading Application and A Detailed Study of Its Components
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11
Part 3: Orders, Trading Strategies, and Their Performance
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15
Part 4: Strategies, Performance Analysis, and Vistas
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19
Index
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Ordering – make sure you are understood correctly

Last, but by far not least, your trading application will have an ordering module. This module performs the following functions:

  • It maintains the connection to the execution server keeping it alive.
  • It transforms trading signals passed by the risk management module into actual orders – using FIX or any proprietary API.
  • It handles all types of responses from the broker or trading venue. These responses range from just OK to partial fills and rejects.
  • It decides what to do in cases where your order was rejected or filled partially.
  • It resubmits orders, full or in parts, in case it is favored by the trading logic.

You may have noticed that one of the responsibilities of the ordering module is maintaining connections – quite like the data handling module. Yes, there’s no mistake here, it is absolutely normal that a trading app uses different connections for data and for orders....

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