How do I enable my MT4 EA to trade using a FIX API? | Forex Factory

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How do I enable my MT4 EA to trade using a FIX API?

  • #1
  • First Post: Sep 4, 2014 10:50am Sep 4, 2014 10:50am
I am having an EA coded in MT4 and need it to execute trades using a FIX API. I am looking for advice on how I would go about achieving this.

Is there a separate bridge that attaches to the EA?
Does the EA have to be coded differently to enable it to execute using FIX API?
How/where do I obtain the FIX API functionality?

Your input would be appreciated.
Jud
  • #2
  • Sep 4, 2014 12:06pm Sep 4, 2014 12:06pm
Your two options are to code it for the FIX API in the first place, second is to reverse engineer the Mt4 Client Socket API.
  • #3
  • Sep 5, 2014 3:49am Sep 5, 2014 3:49am
Quoting ForexJack
Your two options are to code it for the FIX API in the first place, second is to reverse engineer the Mt4 Client Socket API.
Thanks for the info. Can I take my existing EA and add/adjust the code to enable it to execute via FIX API? I am not a programmer and would need to get someone to add this additional code for me. Would that coder reasonably be able to add/adjust the existing EA code for a FIX API or is it too complicated to 'install' this feature into an existing EA?
Jud
  • #4
  • Nov 25, 2014 10:19am Nov 25, 2014 10:19am
Hello Jud500,

I have the same question, as I have the same situation

Did you actually get a reply to your question ?
  • #5
  • Nov 25, 2014 10:31am Nov 25, 2014 10:31am
Hi,

So far, I have found out that it is possible to have an EA coded to be able to execute via FIX API. You would need to get the specific broker's FIX API details and use them to code in the FIX API feature. However, this is only necessary if you're planning on using a high frequency strategy. If you're going to be placing trades that last more than a few minutes, then there is no real benefit to using an API - you might as well use the EA as normal.

The ideal however is to have the automated system coded in C++ or C sharp as that language is better to use when executing via FIX API. You would also bypass the MT4 platform by doing it this way and you become platform neutral.

Hope this helps.
Jud
  • #6
  • Sep 30, 2015 8:38pm Sep 30, 2015 8:38pm
3d option.
You can use this software: http://fixapitrading.com
Work very good with no delay. If you your strategy news trading, arbitrage, scalping it is the beast solution and much more cheaper then re-code each MT4 EA for fix api trading. They use point non-standard timers for fix api and it works faster then other solutions.
They also provide panel for manual trading with presets (useful for news trading)
  • #7
  • Oct 1, 2015 6:30am Oct 1, 2015 6:30am
Quoting Whenever
Hello Jud500, I have the same question, as I have the same situation Did you actually get a reply to your question ?
Hi, I haven't yet found a complete solution.
Jud
  • #8
  • Oct 1, 2015 6:39pm Oct 1, 2015 6:39pm
Quoting jud500
{quote} Hi, I haven't yet found a complete solution.
request demo http://fixapitrading.com/ and you can use any your MT4 ea with fix api broker and a lot of other possibilities. For example real volume analyze, news trading.
  • #9
  • Oct 2, 2015 3:41am Oct 2, 2015 3:41am
Quoting fteller
{quote} request demo http://fixapitrading.com/ and you can use any your MT4 ea with fix api broker and a lot of other possibilities. For example real volume analyze, news trading.
Thanks, will take a look.
Jud
  • #10
  • Oct 2, 2015 2:52pm Oct 2, 2015 2:52pm
U have export FIXAPI work into separate DLL, written in C++/Qt/
But use FIX API depends on concrete realization of the APi and this is a very serious work, you need qualified progranner.
FIX API is a universal standard and there are different realizations.
But why and how u want to combine MT4 scripts and FIX API?
Use MT4 quotes as a information base for trading thtough FIX API?
br
  • #11
  • Oct 3, 2015 9:57pm Oct 3, 2015 9:57pm
Quoting hanzov
U have export FIXAPI work into separate DLL, written in C++/Qt/ But use FIX API depends on concrete realization of the APi and this is a very serious work, you need qualified progranner. FIX API is a universal standard and there are different realizations. But why and how u want to combine MT4 scripts and FIX API? Use MT4 quotes as a information base for trading thtough FIX API? br
Yes, they have several different connectors to Currenex, ADSS, Fortex, CitiFX, HotSpot, Swissquote, CQG, LMAX, DUKASCopy, FCStone, Interactive Brokers, SaxoBank, Protrader, FXCM, CFH, PrimeXM, INTEGRAL, UBS.com. I am not sure how mt4 communicate with fix api dll, but order opens on fix api broker early then on mt4 (very fast.) I successfully use it with several mu scalping mt4 eas.
  • #12
  • Oct 4, 2015 11:29am Oct 4, 2015 11:29am
To create universal bridge, necessary to take into account all(or qualified majority) of connectors and manage all changes in the future. This is field of the activity for specialized company..
MT4 Server uses FIX to open orders, so direct connection should be faster.
  • #13
  • Jul 13, 2016 5:55pm Jul 13, 2016 5:55pm
Does an API make indicators and EAs faster? by not using mt4?
  • #14
  • Jul 13, 2016 6:00pm Jul 13, 2016 6:00pm
found my answer

There are many benefits of using FIX API. You will have total control over the process of transferring and receiving data without any kind of intermediary or middleware software. Contrast this with the MetaTrader 4 (MT4) execution chain:
Client Terminal => MT4 Trade Server => MT4 Bridge => Aggregator => Liquidity Provider
A properly configured infrastructure will deliver:

  1. Faster overall execution speed.
  2. Ability to design a personalized interface.
  3. Ability to use your own software, customized to the traders needs.
  4. Opportunity to use various order types such as market or limit.

However, there are some disadvantages:

  1. You will have a new responsibility to maintain the functionality and smooth performance of the system.
  2. If you were previously using Meta Trader 4, you will need to reprogram any automatic systems from MLQ4.
  3. There will be additional expenses related to the programmers work and cross-connect (hosting at a high grade data-center may cost you $1000 per month or more depending on the agreement).

  • #15
  • Jul 13, 2016 6:14pm Jul 13, 2016 6:14pm
Inserted Video
  • #16
  • Jan 10, 2017 5:39am Jan 10, 2017 5:39am
Has anyone found a Fix api which uses a small sized account? I.E 10k? I am finding it very difficult excluding Lmax
  • #17
  • Feb 3, 2017 1:44am Feb 3, 2017 1:44am
Quoting supershahfx
Has anyone found a Fix api which uses a small sized account? I.E 10k? I am finding it very difficult excluding Lmax
Hi supershahfx,
You have found your broker with fix api ?
  • #18
  • Feb 3, 2017 3:25am Feb 3, 2017 3:25am
Unfortunately not... do you know of any by any chance?
  • #19
  • Nov 17, 2017 11:49am Nov 17, 2017 11:49am
Checking in to see if anyone found a solution to the MT4/5 - API Bridge issue that doesn't cost $1000

surfeur - I'm using Oanda and its API free. Minimum for Oanda is like $10 and you can trade in units via the API which is like having a nano account 0.0001

I found a few solutions that I'm looking into that may be free

1. https://www.b2bits.com/trading_solutions.html They have a lot of options, haven't had time to go through all of the options.
2. http://www.zorro-trader.com/ This is a really interesting setup and they also have a bridge but your EA will need to be re-coded into Simple-C

Hope this helps.
  • #20
  • Nov 19, 2017 2:38pm Nov 19, 2017 2:38pm
Hi,

I have found a solution for the MT4 to FIX API problem. I started with mql4 an hit itīs limits one day as most coders do. Slow order execution, being manipulated by the brokers, no chance to connect to more than one broker at once without adding tons of latency and so on.
Buying a fix bridge has at least two issues. You buy a black box and so you do not know how much latency it adds. And you are limited again to itīs features. So I started to dig into coding my own FIX engine. It was pretty hard in the beginning as there is not a single good tutorial in the web for someone who has no clue about Java, C++, sockets, fix and so on. But it was worth it. And btw the only solution if you ask me. Because you need to know what a machine is doing and why it is doing it if you really want to handle it.
I am sorry that I cannot post a link that solves it all for you. But I am willing to help a little if there is any particular question I can answer without writing a full manual.

Regards,
Jan.
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