TradersPost API: Current Capabilities and Future Plans

Fact checked by
Mike Christensen, CFOA
November 22, 2024
TradersPost is exploring a universal API to provide real-time account data and position tracking. Learn about current alternatives and what to expect in the future.

The growing demand for automation and custom strategy development in trading has sparked interest in APIs that offer seamless integration. TradersPost is exploring a universal API to provide users with access to account data, positions, and balances across connected brokers. While this feature isn’t available yet, there are hybrid solutions and future plans worth understanding.

What Users Are Asking For

API Requirements

TradersPost users have requested API capabilities to:

  1. Retrieve Current Positions: Access open trades, deployed percentages, and exposure across assets.
  2. Monitor Equity and Margin: Understand available resources for managing risk and deploying new trades.
  3. Verify Trade Execution: Confirm that webhook-triggered trades were successfully placed.

The Vision for a Universal API

TradersPost plans to develop a universal API that offers:

  • Unified Account Data: Standardized responses for positions, balances, and equity across all connected brokers.
  • Real-Time Updates: Synchronized data for better decision-making and risk management.
  • Seamless Integration: Support for custom scripts and advanced workflows tailored to developer needs.

Challenges and Roadmap

Resource Constraints

TradersPost’s current focus on broker and asset integrations, as well as analytics, has delayed API development.

Balancing User Needs

The platform primarily caters to no-code users, but demand from developers for advanced features like APIs is growing.

The Future of TradersPost API

As TradersPost expands, the API will likely become a priority to:

  • Enhance customization for developer-savvy users.
  • Support advanced automation workflows.
  • Provide a competitive edge in the trading automation space.

Conclusion

While TradersPost doesn’t yet offer an API to access account and position data, the feature is a logical next step on the platform’s roadmap. In the meantime, traders can adopt hybrid approaches using broker APIs alongside TradersPost’s webhook capabilities. The future API promises to deliver unified, real-time account management tools, ensuring TradersPost remains a top choice for both no-code users and developers alike.

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