trendie
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I read somewhere that some brokers, particularly Metatrader, dislike APIs, for some reason.
My question is:
Why would a broker dislike any automated system to be run?
(dont they get paid commissions per trade?)
How does a broker know an automated system is running?
(apart from those stupid "trade-every-minute" robots that cant possibly be human-triggered)
I also know that "native" trading is when the code for trading is held at the brokers themselves, rather from my PC and sent to them.
Is this available to retail traders like myself?
Presumably they would need to know the code that triggers the API?
Can you run an API (at the brokers end) without declaring the source code?
(I think I probably know the answer to this anyway)
I am nearing the point of part-automating, and need to know any obvious pitfalls, etc.
thanks
My question is:
Why would a broker dislike any automated system to be run?
(dont they get paid commissions per trade?)
How does a broker know an automated system is running?
(apart from those stupid "trade-every-minute" robots that cant possibly be human-triggered)
I also know that "native" trading is when the code for trading is held at the brokers themselves, rather from my PC and sent to them.
Is this available to retail traders like myself?
Presumably they would need to know the code that triggers the API?
Can you run an API (at the brokers end) without declaring the source code?
(I think I probably know the answer to this anyway)
I am nearing the point of part-automating, and need to know any obvious pitfalls, etc.
thanks
