In this article I would like to explain different FIX API trader setup for different tasks.
First of all, I would like to once again highlight the most important benefits of trading through the FIX API protocol:
- Faster execution time comparing with MT4/MT5, cTrader and other trading platforms, and therefore lower negative slippage;
- Lower likelihood of broker intervention in trading (fewer manual intervention tools & plug-ins then for MT4/MT5 and more trader control options due to protocol transparency);
- Possibility to use IOC and FOK Limit orders for slippage control.