Pros and Cons of Using an API Bridge for Amibroker
It provides a way for traders to automate their trading strategies by linking Amibroker with their broker's platform. Although this leads to an increase in the efficiency and speed of execution, it does have its drawbacks. This article will help traders arrive at a better opinion against and in favor of using an API bridge for Amibroker. Pros of Using an API Bridge with Amibroker 1. Automated Trading Execution The API bridge will allow buy and sell orders to be automated, thus eliminating manual intervention. This brings efficiency and minimizes error due to humans. 2. Faster Order Execution The orders are executed in real-time using API bridges to reduce slippage and have to be delivered at the price levels intended. 3. Customizable Strategies This gives room for developing and testing custom-made trading strategies with the use of Amibroker Formula Language (AFL) in individual trades. 4. Backtesting and Optimization An API bridge allows the user to carry out backtesting of strat...