Newbie Questions

Posted By: fairtrader

Newbie Questions - 12/03/23 03:21

Hope my queries are appropriate here. Im not a programmer but have some experience of index trading, pointed here by bard searching for semi automated trading tools. Currently going through intro videos and grateful for any responses on below:

Is zorro appropriate for a non programmer attempting to trade XAUUSD using momentum breakout on lower timeframes and limited risk?

Based in UK and subject to FCA margin rules would lowered leverage (30:1) hinder trading with zorro?

Does zorro's base interface and direct API to fx trader Oanda for instance illiminate the need to use mt4 or mt5?

Thanks in advance for any tips.
Posted By: NewtraderX

Re: Newbie Questions - 12/03/23 16:50

Originally Posted by fairtrader


Does zorro's base interface and direct API to fx trader Oanda for instance illiminate the need to use mt4 or mt5?


I think it does.
Posted By: fairtrader

Re: Newbie Questions - 12/04/23 00:14

Thank you @NewtraderX

Much obliged to @Johann Lata for making Zorro publicly available; hope to be able to maximise what seems to be a fantastic opportunity in due course
Posted By: AndrewAMD

Re: Newbie Questions - 12/04/23 11:14

Originally Posted by fairtrader
Is zorro appropriate for a non programmer attempting to trade XAUUSD using momentum breakout on lower timeframes and limited risk?
You will become a Zorro programmer in no time if you follow the tutorial which starts here. Definitely make it a point to play around with the scripts:
https://zorro-project.com/manual/en/tutorial_var.htm

Originally Posted by fairtrader
Based in UK and subject to FCA margin rules would lowered leverage (30:1) hinder trading with zorro?
No, that will not be a hindrance.

Originally Posted by fairtrader
Does zorro's base interface and direct API to fx trader Oanda for instance illiminate the need to use mt4 or mt5?
Assuming the API is available to UK users, yes, it will eliminate the need for MT4/5. In general, direct API connections are superior to bridging with trading platforms.
Posted By: fairtrader

Re: Newbie Questions - 12/05/23 10:32

Thank you this is excellent. I have also been going to YouTube Robot Wealth Zorro beginner videos and they're great although they relate to v 1744 from three years ago. Assuming Zorro have moved on a bit since.
Posted By: AndrewAMD

Re: Newbie Questions - 12/05/23 10:56

Originally Posted by fairtrader
Thank you this is excellent. I have also been going to YouTube Robot Wealth Zorro beginner videos and they're great although they relate to v 1744 from three years ago. Assuming Zorro have moved on a bit since.

If your older script compiles, chances are, it still works, unless it uses phased out features. You'll know as you read the error messages.
Posted By: fairtrader

Re: Newbie Questions - 12/05/23 14:22

Thanks again
Posted By: fairtrader

Re: Newbie Questions - 12/06/23 11:29

Hello,

I was wondering if anyone has completed the process of opening an account with Oanda and as per https://zorro-project.com/oanda.php obtained their free Zorro S subscription following their first trade? The redirect link to Oanda does not seem to have an affiliate id embedded. Does anyone know of any intricacies to watch out for before opening a live account?

Thanks in advance
Posted By: fairtrader

Re: Newbie Questions - 12/07/23 20:06

Here's what ChatGPT tells me:

Account Opening Process: To qualify, you usually need to open an OANDA account through a specific link provided by Zorro. This ensures that your account is associated with the Zorro-OANDA partnership.

Has anyone been through this process with Oanda?

Thanks
© 2024 lite-C Forums