Cryptocurrency API store: How to combine your strategy with exchange
As the popularity of cryptocurrencies continues to grow, trading platforms have emerged, which allow users to utilize the power of application subscriptions to combine their strategy and perform shops with more efficient and flexibility. In this article, we are looking at how encryption currency traders can combine their strategy with the exchange of application subscriptions.
What is the application subscription?
Before we dive into the world of cryptocurrency trading application subscriptions, we quickly determine which application interface (application programming interface) is. API is a set of defined rules that allow different software systems or services to communicate with each other. In the context of trading, the application subscription provides a way for developers to create customized trading strategies that are seamlessly integrated into exchange environments.
Why use application subscriptions in the cryptocurrency shop?
There are several reasons why merchants decide to use application subscriptions in the cryptocurrency trade:
- Flexibility : Application subscriptions allow merchants to customize their trading strategy using the programming language or script frame of their choice.
- Scalability
: Disassembly of technical analysis and other trading platform tasks, API trading can handle big trade more efficiently.
- Customization : With API, merchants can tailor their strategy to their individual needs and risk tolerance.
- Integration : APIs allow merchants to combine multiple platforms, including replacements, brokers and other systems.
How to Connect Cryptocurrency Strategies to Shifts Using Applications
Here is a step -by -step guide to starting:
Step 1: Select Exchange API
Not all exchanges provide everyone with API. Some popular exchanges that provide application subscriptions are:
- Binance
- Coinbase Pro
- Krake
- Bitfinex
Each stock exchange has its own requirements, so be sure to check their documentation before combining the strategy.
Step 2: Register for API key
You can combine your trading strategy with the Exchange application interface, you need to get an API key. This is typically included:
- Registration Exchange : Register for a developer account and create an API key.
- API key application : Follow the application process on the Exchange website.
Step 3: Install Trade Library
You need to install a trading library that can handle your trading strategy using Exchange’s API. Some popular libraries are:
* Backstrder : Popular Python Library for Backtes and Trading Strategies.
* Zipline : The Python, developed by Quantopian, designed for algorithmic trade.
Step 4: Specify your shopping logic
Use the library or programming language you have chosen to determine the logic that guides your trading strategy. This includes:
- Defining indicators and signals : Create custom indicators and signals to control trading decisions.
- Setting Station Size and Risk Management : Such a design and risk management strategy using Exchange’s API.
Step 5: Integrated to Exchange application subscription
Once you have defined trading logic, it integrates it to the Exchange application:
- Sending Requests : Use to send a library or programming language to Play API.
- Treatment of errors and exceptions : Such an error processing and exception management mechanisms to deal with any problems.
Step 6: Test and refine
Test your trading strategy with the help of a test environment before the production stores:
- Rear Testing : Use historical information to ensure strategy in terms of performance, risk and reliability.
- Check and Itera : Please refine your strategy based on the results of your back tests.