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

Product typeBook
Published inMar 2023
PublisherPackt
ISBN-139781804616857
Edition1st Edition
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Author (1)
Alex Krishtop
Alex Krishtop
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Alex Krishtop

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.
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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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Getting Started with Forex Trading Using Python
Published in: Mar 2023Publisher: PacktISBN-13: 9781804616857

Author (1)

author image
Alex Krishtop

Alexey Krishtop is a quantitative trader and researcher with 20 years of experience in developing automated trading solutions. He is currently the head of trading and research at Edgesense Technologies and CTO at ForexVox Ltd. He develops market models and trading algorithms for FX, commodities, and crypto. He was one of the first traders who started using Python as the ultimate environment for quantitative trading and suggested a few approaches to developing trading apps that, today, have become standard among many quant traders. He has worked as a director of education with the Algorithmic Traders Association, where he developed an exhaustive course in systematic and algo trading, which covers the worlds of both quantitative models and discretionary approaches.
Read more about Alex Krishtop