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Trade Copier from NT7/8 to MT5


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Trade Copier from NT7/8 to MT5

  #1 (permalink)
 GeeBee 
Totonto,Ontario, Canada
 
Experience: Beginner
Platform: Ninja Trader, Meta Trader
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Does any expert has Trade Copier from Ninja Trade 7 and/or Ninja Trader 8 to Meta Trader 5 ?


Any help is appreciated
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  #2 (permalink)
ycomp
Europe-ish
 
Posts: 177 since Sep 2013
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maybe this one? GL BRIDGE ? [AUTOLINK]NinjaTrader[/AUTOLINK] MetaTrader Bridge

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  #3 (permalink)
 
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 schranzi9 
Vienna, Austria
 
Experience: Advanced
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I trade the GL Bridge live with MT8 and MT5 but I don't understand why this bridge need so much ressources from the cores. I trade on my server with 16 cores and 70 GB RAM but the task manager shows me that GL Bridge need 31% ressources from cores.


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  #4 (permalink)
ycomp
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schranzi9 View Post
I trade the GL Bridge live with MT8 and MT5 but I don't understand why this bridge need so much ressources from the cores. I trade on my server with 16 cores and 70 GB RAM but the task manager shows me that GL Bridge need 31% ressources from cores.


I don't know about that particular bridge, how it works but in general with metatrader it's hard to make it responsive enough without using a lot of cpu power.. what I mean is if it was just say checking every 1 second then cpu load would be low, however, that would add a minimum 1 second extra to the trade copying time so... you see why they would want to keep it a tight loop

What it means is if you had less cores it would probably be more like 50% or 70% usage.

Again I'm not talking about knowledge of how this particular copier works, however, I'm talking from what I know about the limitations of metratrader scripting itself.

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 Mtype 
Hungary
 
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Possibly this one?



I have no experience with it though, just came across the video searching for a similar solution.

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  #6 (permalink)
 jeronymite   is a Vendor
 
Posts: 21 since Jul 2013
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I don't think the application mentioned above (nor others mentioned elsewhere) can do what I want ... but just in case there is one out there, here are the requirements:
  • Truly bidirectional trade management between NinjaTrader 8 and MT5
  • Trades initiated only on NinjaTrader 8, and executed on MT5
  • Full trade management from NinjaTrader 8 with full real-time trade/orders status from MT5
  • As close to zero lag as possible between platforms
  • Capable of high throughput (hundreds of orders in parallel)
  • Capable of Market, Stop Market, and Limit orders
Thanks for any advice.

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  #7 (permalink)
TheSwede
Jönköping Sweden
 
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jeronymite View Post
I don't think the application mentioned above (nor others mentioned elsewhere) can do what I want ... but just in case there is one out there, here are the requirements:
  • Truly bidirectional trade management between NinjaTrader 8 and MT5
  • Trades initiated only on NinjaTrader 8, and executed on MT5
  • Full trade management from NinjaTrader 8 with full real-time trade/orders status from MT5
  • As close to zero lag as possible between platforms
  • Capable of high throughput (hundreds of orders in parallel)
  • Capable of Market, Stop Market, and Limit orders
Thanks for any advice.

A simple google search will give you some options. "ninjatrader 8 to mt5 trade copier"
Copy pending orders can be a problem though, since they become market orders when executed.
By using a demo account on NinjaTrader you will only get the orders executed live on MT5.

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  #8 (permalink)
 
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 sam028 
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jeronymite View Post
I don't think the application mentioned above (nor others mentioned elsewhere) can do what I want ... but just in case there is one out there, here are the requirements:
  • Truly bidirectional trade management between NinjaTrader 8 and MT5
  • Trades initiated only on NinjaTrader 8, and executed on MT5
  • Full trade management from NinjaTrader 8 with full real-time trade/orders status from MT5
  • As close to zero lag as possible between platforms
  • Capable of high throughput (hundreds of orders in parallel)
  • Capable of Market, Stop Market, and Limit orders
Thanks for any advice.

I did a prototype in the past (without the "bidirectional trade management"), based on the copy orders tools I've coded for Ninja, I will check where I stopped. The MT5 part was in Python, fast enough and easier to prototype than in C++ or C#.
Still, as price data may be slightly different in Ninja compared to MT5, this may cause different entries prices and funny things (positions not synchronized), so I can't say if it could be usable with live accounts.

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  #9 (permalink)
 jeronymite   is a Vendor
 
Posts: 21 since Jul 2013
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The challenge is the "fully bidirectional" aspect, I think. Essentially, it means using NinjaTrader as the trade management platform, with MT5 as the data and trade execution platform, and keeping everything in sync. Nothing I've found on Google seems to integrate at that level.

Appreciate any further insights or potential options.

Thanks.

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  #10 (permalink)
TheSwede
Jönköping Sweden
 
Posts: 30 since Feb 2023
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jeronymite View Post
The challenge is the "fully bidirectional" aspect, I think. Essentially, it means using NinjaTrader as the trade management platform, with MT5 as the data and trade execution platform, and keeping everything in sync. Nothing I've found on Google seems to integrate at that level.

Appreciate any further insights or potential options.

Thanks.

Why the need to get them in bidirectional sync?
Since you said NT8 will be the trade management platform everything you do on your master platform, NT8, will be sent to the slave, MT5.
Or am I missing something here?


edit
Now I see what you meant, you open the trades on MT5 manually and let NT8 manage them. That can be tricky to do since one will need to be the master and the other the slave.

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Last Updated on April 17, 2023


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