March 2023
Beginner to intermediate
384 pages
10h 10m
English
Content preview from Getting Started with Forex Trading Using Python
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10
Types of Orders and Their Simulation in Python
In the previous chapter, we considered a number of classical trading strategies usually employed in FX trading. All of them can be automated – that is, the decision to place a trade can be made based on quantitative data only, and placing a trade in the market can be done by an algorithm. So, we need now to find a proper way to place trades and control their execution.
We already mentioned (see Chapter 1, Developing Trading Strategies – Why They Are Different) that any trade, manual or automated, can be placed in the market by using an order: an instruction to the broker (or any other intermediary) to buy or sell. What could be simpler? However, the reality is always more complex. You may want ...
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