On-Balance Volume - Explanation and Interpretation - Forex ...
Looking for trading platform with a public API
Hello I'm a software developer new to investing. I have invested into an index but currently I'm interested in testing if I could develop swing trading strategies that are profitable in the long term. I'm thinking of starting with forex trading. My plan would be to create my own software that integrates into a trading platform so that I can easily generate charts that I need myself etc. I'm nowhere near ready to invest sufficient amounts of money yet, so I will be just backtesting and simulating trading for probably quite a while. Now I'm at the stage that I'm looking for a trading platform that would fill these requirements:
Has a public API to get (near) real time data and to place orders at reasonable cost (web API is fine)
Reasonable fees and low minimum balance requirement (I will be starting small if I have something I think might work)
Offers historical data (I can possibly get this from a different source)
I have found TrueFX that offers forex data but heard their data might have some issues. Namely it lacks volume information and some data is missing. Interactive Broker's API seems good but they have a pretty high minimum balance requirement. Thanks!
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The On-Balance Volume (OBV) represents the running total of volume and as such it shows in what way volume can influence price momentum of a given asset. The OBV increases or decreases during each trading day in dependence on whether the price closes higher or lower compared to the close during the prior day. If a trading instrument closes higher, this implies that buyers overcame sellers. The ... The forex weekend trading strategy that capitalises on gaps is about anticipating Sunday’s opening price will have returned to Friday’s closing price. The ‘gap’ is simply the price differential between the price when the traditional forex market closes on a Friday evening, and the price when it reopens on a Sunday. A major news story, for example, could trigger a gap. Interactive Brokers Group, Inc.'s founding member has completed its 42 nd year as a Broker Dealer with consolidated equity capital of more than $8.5 billion. Our mission remains unchanged: "Create technology to provide liquidity on better terms. Compete on price, speed, size, diversity of global products and advanced trading tools." Interactive Brokers Group and LLC are rated investment grade ... 0.08 to 0.20 base points plus trade value depending on your regular trading volume Interactive Brokers doesn’t markup its spread : Bonds: Corporate, municipal, treasury bonds and CDs available ... Share and follow live forex trades with professional market participants from around the world in this highly-focused trading community. Home; Forums; Trades; News; Calendar; Market; Brokers; Login; Join; User/Email: Password: Remember. 6:05pm; Menu. Forums Trades News Calendar Market Brokers Login Join 6:05pm Sister Sites. Metals Mine; Energy EXCH; Crypto Craft; Search. Online Now. 4,472 ... However, if you already understand what volume can show you about trading activity, then skip to the section on How Volume Works in Forex Trading to learn how it applies to FX. Remember, if you use to choose volume in your trading, it is only a clue as to where price might go. Do not trade off it alone and be sure to backtest your strategy! Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. Website: www.interactivebrokers.ca. Interactive Brokers U.K. Limited
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