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Getting Started with Forex Trading Using Python

You're reading from   Getting Started with Forex Trading Using Python Beginner's guide to the currency market and development of trading algorithms

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Product type Paperback
Published in Mar 2023
Publisher Packt
ISBN-13 9781804616857
Length 384 pages
Edition 1st Edition
Languages
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Author (1):
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Alex Krishtop Alex Krishtop
Author Profile Icon Alex Krishtop
Alex Krishtop
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Toc

Table of Contents (21) Chapters Close

Preface 1. Part 1: Introduction to FX Trading Strategy Development
2. Chapter 1: Developing Trading Strategies – Why They Are Different FREE CHAPTER 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 20. Other Books You May Enjoy

Simple plots of market data

In the following examples, we will use historical data only. We will learn how to plot live data received from a broker later in this chapter.

There are many ways to read and handle market data, some of which were considered in Chapter 5, Retrieving and Handling Market Data with Python. Now, we are going to learn some alternative approaches so that you can best choose what suits your current research and development needs.

Let’s start with the most straightforward approach, which uses only native Python data structures. As we saw in Chapter 5, the preferred way of storing and manipulating market data is a dictionary because of its full compatibility with the JSON standard and the ability to extract the necessary data by keywords. We will start with dictionaries as well:

  1. First, we still need to do some imports:
    import matplotlib.pyplot as plt
    import csv

The csv module contains very convenient methods to read and parse comma-separated...

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