Do forex markets close on weekends

Time to talk about brokers, how to place a trade programmatically and most importantly how not to get scammed. This is the third part of the series: How to build your own algotrading platform. In our case, we don’t really care about spread as we do forex markets close on weekends’t be doing High Frequency Trading any time soon.

Even though brokers are regulated, there have been incidents in the past couple of years, were brokers folded due to certain conditions. What could happen is that you start making some money and you aren’t be able to pull them out. But let’s switch to a happier note which is opening an account and placing our first programmatic trade. API, libraries on github and a free demo account. After you sign in to your demo account, go to Manage API Access. There you can find your API key which we are going to use in our system to place trades.

MAKE SURE YOU DON’T SHARE THIS KEY. The code for this is and all other posts is on github and you can install it and run it pretty easily. Connecting to Oanda needs a conf file – which you can generate using a script that Oanda provides here or you can just create it yourself. I prefer to know everything that is going on. And I don’t like having to install PyYAML just to read a conf file. Feel free to use either method. Check the current price is as easy!

Don’t worry about what EURUSD is or how many units we are buying or what a market order is. For now, we have placed our first trade from our laptop and we are going to build our own API to place trades. You can read Oanda’s documentation here to see what else you can do with their API and find the Python library here. Tons of examples are available from Oanda’s github page here.

Coming up next, connecting to a real LIVE algotrading system, running from my RaspberryPI at home. If you have more feedback, ping me at jonromero or signup to the newsletter. This is an engineering tutorial on how to build an algotrading platform for experimentation and FUN. Any suggestions here are not financial advices.