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With OANDA we are free to choose the number of units traded (and thus the exposure generated). Since I have a sterling (GBP) based account and I am trading GBP/USD for this example, the exposure will always equal the number of units. This is currently "hardcoded" into the system below. When I create multiple currency pair options, I will modify the exposure calculation to take into account differing base currencies.
I've made use of the os library to retrieve two environment variables (ENVVARS). The first is the API access token and the second is the OANDA account ID. These can be stored in a suitable environment file that is loaded on boot-up of the system. In Ubuntu, you can use the hidden .bash_profile file in your home directory. For instance, using your favourite text editor (mine is Emacs), you can type:
Let's take a couple of moments to review what we've learned! Currency trading, often referred to as foreign exchange or Forex, is the purchasing and selling of currencies in the foreign exchange marketplace, and is done with the objective of making profits. Because it is liquid, currency trading differs from other types of trading. Currency exchanges are expressed in currency pairs (two different currencies together), using a format that expresses both the country and the type of money.
At this stage the "risk management" is rather unsophisticated! In the method calc_risk_position_size below we are simply making sure that the exposure of each position does not exceed risk_per_trade% of the current account equity. risk_per_trade defaults to 2% with the keyword argument, although this can obviously be changed. Hence for an account of £ 100,000, the risk per trade will not exceed £ 2,000 per position.
With OANDA we are free to choose the number of units traded (and thus the exposure generated). Since I have a sterling (GBP) based account and I am trading GBP/USD for this example, the exposure will always equal the number of units. This is currently "hardcoded" into the system below. When I create multiple currency pair options, I will modify the exposure calculation to take into account differing base currencies.
There is one unpleasant fact for you to take into consideration about the margin call Forex. You might not even receive the margin call before your positions are liquidated. If the money in your account falls under the margin requirements, your broker will close some or all positions, as we have specified earlier in this article. This can actually help prevent your account from falling into a negative balance.
Since a portfolio can contain multiple positions there will be one class instance for each market that is being traded. As I mentioned above I have only written the Portfolio to handle GBP as the base currency and GBP/USD as the trading instrument. In future articles I will extend the Portfolio object to handle multiple base currencies and multiple currency pairs.
The next method, add_new_position, takes the parameters necessary to add a new position to the Portfolio. Notably, it takes the add_price and the remove_price. I have not used the bid and ask prices here directly because the addition and removal prices will depend upon whether the side is "long" or "short". Hence we need to correctly specify which price is which in order to obtain a realistic backtest:
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As part of the Universal Account service, we are authorized to automatically transfer funds as necessary between your securities account and your futures account in order to satisfy margin requirements in either account. You can configure how you want us to handle the transfer of excess funds between accounts on the Excess Funds Sweep page in Account Management: you can choose to sweep funds to the securities account, to the futures account, or you can choose to not sweep excess funds at all.
In the last Forex Trading Diary Entry (#1) I described how to build an automated trading system that hooks into the OANDA forex brokerage API. I also mentioned that the next steps included constructing a portfolio and risk management overlay for all suggested signals generated by the Strategy component. In this entry of the diary I want to discuss my attempt to build a functioning Portfolio component and how far I've currently progressed.
Carry is the most popular trade in the currency market, practiced by both the largest hedge funds and the smallest retail speculators. The carry trade is based on the fact that every currency in the world has an associated interest. These short-term interest rates are set by the central banks of these countries: the Federal Reserve in the United States, the Bank of Japan in Japan, and the Bank of England in the United Kingdom.
Since a portfolio can contain multiple positions there will be one class instance for each market that is being traded. As I mentioned above I have only written the Portfolio to handle GBP as the base currency and GBP/USD as the trading instrument. In future articles I will extend the Portfolio object to handle multiple base currencies and multiple currency pairs.
I have been using the Piphiker forex robot for almost 3 months and I am really impressed, more than 200% profit. I work long hours during the week so I don’t have time to trade , the forex robot is ideal for me , as long as one is not greedy by over leveraging and you are patient and let the EA do it’s thing, you will find yourself with a lot of profit
Slippage - Slippage is the difference between the price that the strategy object saw when deciding to buy or sell and the actual price achieved when the broker executes a fill. Given the multi-threaded nature of the program, slippage is extremely likely to be one of the causes of the differences between the local balance and OANDA account balances.
This top list represents the final rating based on applying each Forex robot live performance results to a common exclusive formula which till us which is the best and the worst one regarding its profitability vs time, profitability vs drawdown and some more measurements, all gathered together to arrange the positions and ratings in this top list table.
Margin requirements for futures and futures options are established by each exchange through a calculation algorithm known as SPAN margining. SPAN (Standard Portfolio Analysis of Risk) evaluates overall portfolio risk by calculating the worst possible loss that a portfolio of derivative and physical instruments might reasonably incur over a specified time period (typically one trading day.) This is done by computing the gains and losses that the portfolio would incur under different market conditions. The most important part of the SPAN methodology is the SPAN risk array, a set of numeric values that indicate how a particular contract will gain or lose value under various conditions. Each condition is called a risk scenario. The numeric value for each risk scenario represents the gain or loss that that particular contract will experience for a particular combination of price (or underlying price) change, volatility change, and decrease in time to expiration.

How can you avoid this unanticipated surprise? Margin calls can be effectively avoided by carefully monitoring your account balance on a regular basis, and by using stop-loss orders on every position to minimise the risk. Another smart action to consider is to implement risk management within your trading. By managing your the potential risks effectively, you will be more aware of them, and you should also be able to anticipate them and potentially avoid them altogether.
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