This document outlines the appropriate format that the traders must follow while writing the webhook payload for setting up the following types of Forex orders to be executed into Tradovate.
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Market Order
The traders can write the webhook payload for setting up market orders using these three payload fields:
- Symbol
- Action
- Quantity
Symbol
The ticker symbol of the asset. Tradovate represents this asset by combining the pairs of currency's ticker symbols binds using a slash (base currency/quote currency). E.g. EUR/USD, USD/JPY, and EUR/JPY.
Action
The signal action indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
EXAMPLE
I. Buy
{
"symbol": "EUR/USD",
"action": "buy",
"quantity": 123,
}
II. Sell
{
"symbol": "EUR/USD",
"action": "sell",
"quantity": 123,
}
Limit Order
The traders can write the webhook payload for setting up Limit orders using these four payload fields:
- Symbol
- Action
- Quantity
- Limit_price
Symbol
The ticker symbol of the asset. Tradovate represents this asset by combining the pairs of currency's ticker symbols binds using a slash (base currency/quote currency). E.g. EUR/USD, USD/JPY, and EUR/JPY.
Action
The signal action indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you specify the limit price the trade will be executed at the specified limit price. Or If you choose not to specify a limit price, the trade will be executed at the current market price.
EXAMPLE
I. Buy
{
"symbol": "EUR/USD",
"action": "buy",
"quantity": 123,
"limit_price": 123.98,
}
II. Sell
{
"symbol": "EUR/USD",
"action": "sell",
"quantity": 123,
"limit_price": 123.98,
}
Stop Order
The traders can write the webhook payload for setting up Stop orders using these four payload fields:
- Symbol
- Action
- Quantity
- Stop_price
Symbol
The ticker symbol of the asset. Tradovate represents this asset by combining the pairs of currency's ticker symbols binds using a slash (base currency/quote currency). E.g. EUR/USD, USD/JPY, and EUR/JPY.
Action
The signal action indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Stop_price
An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limits potential losses by automatically closing the position when the specified price is reached.
EXAMPLE
I. Buy
{
"symbol": "EUR/USD",
"action": "buy",
"quantity": 123,
"stop_price": 123.98,
}
II. Sell
{
"symbol": "EUR/USD",
"action": "sell",
"quantity": 123,
"stop_price": 123.98,
}
Stop-Limit Order
The traders can write the webhook payload for setting up Stop-Limit orders using these five payload fields:
- Symbol
- Action
- Quantity
- Limit_price
- Stop_price
Symbol
The ticker symbol of the asset. Tradovate represents this asset by combining the pairs of currency's ticker symbols binds using a slash (base currency/quote currency). E.g. EUR/USD, USD/JPY, and EUR/JPY.
Action
The signal action indicates the type of trade to be triggered. The action can be any of the following:
- Buy: Triggers an action to buy the asset.
- Sell: Triggers an action to sell the asset.
Quantity
The number of assets to be traded. If omitted, the quantity will be dynamically calculated or defaulted to 1.
Limit_price
An optional field specifying the execution price for a “buy” or “sell” trade. If you specify the limit price the trade will be executed at the specified limit price. Or If you choose not to specify a limit price, the trade will be executed at the current market price.
Stop_price
An optional field specifying the price level at which a stop-loss or stop-limit order should be triggered. It helps limits potential losses by automatically closing the position when the specified price is reached.
EXAMPLE
I. Buy
{
"symbol": "EUR/USD",
"action": "buy",
"quantity": 123,
"limit_price": 123.98,
"stop_price": 123.98,
}
II. Sell
{
"symbol": "EUR/USD",
"action": "sell",
"quantity": 123,
"limit_price": 123.98,
"stop_price": 123.98,
}