Support Board
Date/Time: Thu, 06 Feb 2025 08:42:05 +0000
Post From: SierraChart to MetaTrader 4 bridge
| [2019-09-16 08:20:42] |
| User215922 - Posts: 3 |
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Not sure how many people are interested, but I have created copy tool between sierra -> mt4 and mt5. My mentor asked for this tool as he is trading mainly sierra using orderflow/number bars and required to translate some of exposure to MT4. Tool working already since Jan/Feb last year. As those platforms are bit tricky (have different logic behind including how to deal with trades) I have implemented model to copy exposure. Meaning 1 contract on sierra chart (paper or broker) is translated based on risk settings to MT4 or MT5 (both supported). LOT size can be calculated dynamically based on ratio. Equity ratio support will be added in coming weeks. It is cloud based (which can be benefitial). Currently I am working on web panel where you easily could create account and - add account and customize Risk settings. - define to which accounts exposure should be copied / what risk settings - few security features. few things are missing: - Stoploss and take profit are not there. IT's because the model where in sierra you have 1 trade (exposure per currency) and additional trades and specific levels. I am going to upgrade tool where you have 1 contract exposure and in 10 ticks you have sell limit for 1 contract, in MT4/MT5 it will get TP set. Things gets more complicated when you have multiple orders that sit in order book. In this case when order is triggered in sierra chart, exposure is being changed and get copied instantly to all MT4/MT5... You just need to add Study to each pair you want to copy and this is it and EA to MT4/MT5. Copy tool works also for MT4 -> MT5, MT4 -> MT4, MT5 -> MT4, MT5 -> MT5, Sierra -> MT4/MT5. There is no feature to copy from MT4 or MT5 to sierra chart Personally I also moved to sierra (which is best platform I used...) where I day trade and trades gets copied to MT5... Ultimately in future I am going to charge for the product. In a month from now I would look for beta testers (free accounts) to see if all logic works fine, no issues. If anyone would be interested pls let me know via msg or post here. |