Newbie question: MT4 EA > Zorro Plugin > Oanda API

Posted By: Yosh

Newbie question: MT4 EA > Zorro Plugin > Oanda API - 11/07/17 18:13

First post...and it's a newbie question.

I found Zorro-Project while searching for an Mt4 bridge to Oanda's API. (this is not an advertisement) http://fixapitrading.com/ This website is the only bridge that I have found, but its $1000. What I'm trying to do is use my MT4 EA's to trade using the Oanda API (which is now free yay). My question is..does the Zorro MT4 Plugin do the same exact thing, enabling us to use MT4 EA's and trade directly via the API? What I'm looking for is

MT4 EA > Zorro Plugin > Broker API

I know that with Oanda the MT4 EA will need to be programmed/configured for the "unit" lot sizing that Oanda uses.

I'm still learning simple-c right now and most of the EA's that I want to run are way to complex for me to code.
Posted By: jcl

Re: Newbie question: MT4 EA > Zorro Plugin > Oanda API - 11/08/17 08:58

You can theoretically do that, since Zorro S can connect to MT4 and Oanda at the same time. But it requires rewriting the EA for trading through Zorro. You need the EA source for that.
Posted By: Yosh

Re: Newbie question: MT4 EA > Zorro Plugin > Oanda API - 01/17/18 22:42

Option1: Rewriting the entire EA into Zorro/C would be ideal but not financially feasible. The EA uses a breakout system and broker latency/slippage sensitive.

Option2: With MT4 via Zorro S Bridge would the EA be able to run on MT4, with just the lot sizing having to be re-written in the EA? Does this approach increase the order execution speed on Oanda side? From what I udnerstand it would go MT4 > Zorro S Bridge > Oanda/API?

Thanks
Posted By: jcl

Re: Newbie question: MT4 EA > Zorro Plugin > Oanda API - 01/18/18 11:30

Instead of trading, the EA must send the trades to Zorro, which in turn sends them to Oanda. For sending the trades to Zorro, the EA must poll the ZorroRequest function similar to the Zorro EA, and return the position parameters f.i. as a response on CMD_BCOMMAND codes. That's the basic principle. It is possible, but not a trivial task, because the MT4 bridge is designed for sending trades in the other direction.
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