Indicator

Beginner Questions
1

Hi all,

I am sorry to trouble you all.

Does anyone know how I can get the API for metatrader 4? I would like to write my own indicator and I think because MT4 is open source (sort of) the API is freely available?

Please help: thank you.

2

Hi, you will find everything you need at mql4.com :slight_smile: Good luck!

3

thanks.

I would also like to programme an automated trading robot and i am going to use oanda as the broker but they charge for the API for the API?!

is that right?

IF I use metatrader 4 shouldnt it be free?!

4

Hi, Oanda’s API is a software/Api to work directly with Oanda, while MT4’s api is just to create apps to trade trough metatrader framework…

In other words, MT4 API is free

5

Thank you.

I’ve spent the last 3 hours looking and cant find it…

If I do happen to find it and make my own robot or indicator would OandA then allow me to trade it through their service but using mt4?

Thank you

6

If you write your robot in MQL and use it only within MT4, then yes, it would be free to you. However, Oanda’s API is independent of MT4 and it costs $600 a month unless you have at least $1,000,000/month in trading volume.

7

Thank you.

So I my robot works in demo mt4. I can use it with OandA free of charge?

So confused?!?

8

Hi, yes you can. Iam doing it.

9

Aren’t they losing money that way then?

How do I load my robot into mt4?

10

Could you help me further please.

On connection from my java code to the server it keeps saying invalid user name and password.

I know the login info is correct because i have opened meta trader with the same details and login is fine,

11

Oanda makes their money on the spread, which is why the cost of using their API disappears when you are generating enough volume.
You can program your robot in MQL via the MetaEditor in MetaTrader.
Using Java requires an external API that I am not familiar with, so I can’t help you with your login problems.