Tooling and execution
API trading
Placing and managing orders programmatically through an interface rather than by hand. It is how custom systems, risk monitors, journals and analytics tools connect to an account, and it carries the same rules as manual trading.
GFN’s figure
Trading credentials for a GFN account are issued on purchase and arrive by email within minutes; the account is available on desktop, web browser and mobile. Credentials must be kept private - trades placed after login details are shared remain the account holder's responsibility.
In detail
API trading,explained
The most valuable thing to build against an account is usually not an entry system but a risk monitor: something that knows the daily allowance and the drawdown floor and refuses to let a position exceed them.
Whatever the interface, credentials are the trader's responsibility. Anything holding them has the same access to the account that the trader does.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Algorithmic trading
Trading decisions and execution driven by code rather than by a person. It covers everything from a single automated entry rule to a fully systematic strategy running unattended.
Expert advisor
A program that places trades automatically according to coded rules. It executes a strategy without a trader present, which removes hesitation and removes judgement at the same time.
VPS
A rented always-on server used to run trading software continuously. It keeps an automated strategy running through a local power cut, a lost connection or a closed laptop.
Account sharing
Letting someone else trade your account, or trading an account belonging to someone else. It defeats the purpose of an assessment of an individual, and it is prohibited everywhere in the industry without exception.
Latency
The delay between an action and its effect - an order leaving your machine and reaching the venue, or a price leaving the venue and reaching your screen. Measured in milliseconds.
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation