You're reading from Getting Started with Forex Trading Using Python

Product type Book

Published in Mar 2023

Publisher Packt

ISBN-13 9781804616857

Pages 384 pages

Edition 1st Edition

Languages

Concepts

Financial Technology

Author (1):

Alex Krishtop

Table of Contents (21) Chapters

Preface

1. Part 1: Introduction to FX Trading Strategy Development

2. Chapter 1: Developing Trading Strategies – Why They Are Different

3. Chapter 2: Using Python for Trading Strategies

4. Chapter 3: FX Market Overview from a Developer's Standpoint

5. Part 2: General Architecture of a Trading Application and A Detailed Study of Its Components

6. Chapter 4: Trading Application: What’s Inside?

7. Chapter 5: Retrieving and Handling Market Data with Python

8. Chapter 6: Basics of Fundamental Analysis and Its Possible Use in FX Trading

9. Chapter 7: Technical Analysis and Its Implementation in Python

10. Chapter 8: Data Visualization in FX Trading with Python

11. Part 3: Orders, Trading Strategies, and Their Performance

12. Chapter 9: Trading Strategies and Their Core Elements

13. Chapter 10: Types of Orders and Their Simulation in Python

14. Chapter 11: Backtesting and Theoretical Performance

15. Part 4: Strategies, Performance Analysis, and Vistas

16. Chapter 12: Sample Strategy – Trend-Following

17. Chapter 13: To Trade or Not to Trade – Performance Analysis

18. Chapter 14: Where to Go Now?

19. Index

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The advantages of using Python in trading strategy development

Today when we say Python, we most likely mean not only the most flexible object-oriented programming language but also the most powerful and convenient interactive IDEs, such as Spyder or PyCharm, along with the vast collection of libraries that extend this language to fit virtually any domain of applied and fundamental research, from medicine to astronomy. There is no surprise that the Python ecosystem has become the de facto standard in the financial industry where numbers play a decisive role.

The advantages of using Python for the development of trading strategies are obvious and we will look into a few of these advantages in detail in the following sections.

Memory management

Python is one of the few interpreters that has robust built-in memory management services such as garbage collection and reference counting. Essentially, this means that you don’t have to care about any complex object you work...