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Questions and Answers
Started by blahsay at 08-13-2007 7:00 AM. Topic has 3 replies.
  
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 08-13-2007, 7:00 AM
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blahsay
Joined on 04-28-2007
Posts 4
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Real Automated Trade Execution
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Hi, first let me say thanks for putting up this site and helping everyone with their trading systems. I wrote in earlier that I was hoping to build a little trading system and to ask you if I could base a technical indicator or two on your design and you graciously agreed. Well, everything is going well with my little trader, enough so that I am looking to go beyond paper and let the trader loose on real money. I was wondering if you had any suggestions about how this might be done? Specifically, if the program decides for instance, that a certain time is right to buy a specific currency then is there a web service or something that could handle a command to buy/sell/close etc a trade if it has money already deposited with it? I dont know...perhaps a signal to trade could be sent to Metatrader? Any advice would be much appreciated as I'm a little bit lost about this step in the Automation.
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08-14-2007, 1:36 PM
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asimon
Joined on 03-07-2006
Posts 137
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Re: Real Automated Trade Execution
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If you are sure your robot is ready for a real run, congratulations, for this is not an easy task.
There are several options for implementing the interface between your trading robot and the broker.
You can do it for free with Metatrader, but that requires rewriting your robot in the MQL language and opening an account with one of the supported brokers. In this architecture your robot runs inside Metatrader.
Interactive Brokers supports some sort of API your robot can use, but their client needs to be running. Both your robot and the IB client are running as windows applications. It is your responsibility to monitor the IB client and relaunch it if it crashes.
Oanda offers a .NET DLL that you can use inside your robot. No other client needs to run. The problem however is that the API is not free, they charge $600 a month, which they rebate depending on your trading volume. Last I checked, if you traded 12 000 000 in leveraged money, the API was free. If you trade less, then the API fee comes out of your profits.
Lastly, you can have the robot alert you via email...
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08-15-2007, 5:31 PM
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blahsay
Joined on 04-28-2007
Posts 4
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Re: Real Automated Trade Execution
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Thats a great help, thanks a ton. I will post some results once I get it up and running, Cheers
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