Can open Forex Order(Like MetaTrader5) with Binary API?

alecaus

I realized that in API Binary Playground, there are several types of contracts.
If binary is possible to trade forex (via MT5), but is it also possible to make Forex work using a binary API?
What kind of contract would it be? Is there a guide to help you create and control Forex trading in binary?

michael_mueller

Hi @alecaus if you look at the results of the Active Symbols call you will see that there are forex contracts available https://developers.binary.com/api/#active_symbols.

    "allow_forward_starting": 1,
      "display_name": "USD/JPY",
      "exchange_is_open": 1,
      "is_trading_suspended": 0,
      "market": "forex",
      "market_display_name": "Forex",
      "pip": 0.001,
      "submarket": "major_pairs",
      "submarket_display_name": "Major Pairs",
      "symbol": "frxUSDJPY",
      "symbol_type": "forex"
    },

alecaus

Interesting!
I'm sorry for my ignorance, I just didn't see what kind of contract would fit into that.
There are so many types of contracts, I don't know if my English is bad, or I'm not used to the Binary platform yet, but I couldn't verify any that make it clear to me that I'm opening a Forex order, not a binary order (with expiration).

It would be great if in the documentation we had this detailed, with the nomenclatures, just to facilitate the understanding.

michael_mueller

Different contracts can be used with different symbols, The attribute that determines if it is a forex contract or not is the symbol being used in my example frxUSDJPY

alecaus

@michael_mueller said:
Different contracts can be used with different symbols, The attribute that determines if it is a forex contract or not is the symbol being used in my example frxUSDJPY

Yes yes, thank you!
In fact, thank you very much. Your support is valuable to me.

I saw contracts of the type MULTUP and MULTDOWN, it is not 100% as it happens in MT5, but I found it similar! It seems like a good alternative for some cases.