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Use Python With Metatrader

To connect a Python trading bot to MetaTrader, one must: 1. Set up a MetaTrader server with API access and establish a TCP/IP connection from the bot. 2. Continuously read market data from the server and generate/execute trade signals. 3. The implementation may vary by MetaTrader version and programming language, so consult documentation.

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Andrei Nohai
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703 views

Use Python With Metatrader

To connect a Python trading bot to MetaTrader, one must: 1. Set up a MetaTrader server with API access and establish a TCP/IP connection from the bot. 2. Continuously read market data from the server and generate/execute trade signals. 3. The implementation may vary by MetaTrader version and programming language, so consult documentation.

Uploaded by

Andrei Nohai
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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To connect your Python trading bot to MetaTrader, you can use the MetaTrader

Server API, which allows you to send trading requests and receive real-time market
data from a MetaTrader server using TCP/IP sockets.

Here are the general steps to connect your bot to MetaTrader:

1. Set up a MetaTrader server and an account with API access.


2. Use the socket module in Python to establish a TCP/IP connection with the
MetaTrader server.
3. Once connected, send a message to request market data for the currency pair
you are interested in.
4. Continuously read and process incoming data from the server to generate
signals and execute trades.

Keep in mind that the specific implementation details may vary depending on the
version of MetaTrader you are using and the programming language you are using
to develop your trading bot. You may need to consult the MetaTrader Server API
documentation and/or seek help from a developer experienced with MetaTrader
integration.

To use a trading bot with MetaTrader, you will need to use an expert advisor (EA)
that can execute trades automatically based on the signals generated by your trading
bot.

Here are the general steps to follow:

1. Set up your trading bot to generate signals according to your trading strategy.
2. Export the signals from your trading bot to a file in a format that can be read
by MetaTrader. One common format is CSV (comma-separated values).
3. Write an expert advisor in MetaTrader using the MQL programming language
that reads the signals from the file and executes trades accordingly. Your EA
can use the MetaTrader API to communicate with your broker's trading
platform and open and close trades.
4. Load your expert advisor into MetaTrader and attach it to a chart for the
currency pair you want to trade.
5. Configure the settings of your expert advisor, such as the lot size, stop loss,
and take profit levels, and start the EA.

Keep in mind that writing an expert advisor requires a good understanding of


programming and trading concepts, so it may be best to seek the help of a
professional programmer if you're not comfortable with coding. Also, be sure to
thoroughly test your EA on a demo account before trading with real money.

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