Hello Good Morning all,
after a lot of research and coding my strategies in tradestation I'm ready to apply to some funded trading programs, the problem is the one I'm interested in use MT4/MT5.

In Short:
Is there a way to send orders from TradeStation or Multichart to MT4/MT5?

I've googled and looked in the forum but I didn't find any solution!
Is there someone that has a stable setup?

Thanks

giorg 

Hello Good Morning all, after a lot of research and coding my strategies in tradestation I'm ready to apply to some funded trading programs, the problem is the one I'm interested in use MT4/MT5. In Short: Is there a way to send orders from TradeStation or Multichart to MT4/MT5? I've googled and looked in the forum but I didn't find any solution! Is there someone that has a stable setup? Thanks

A google search brought up this 10 year old blog post: TradeStation to MetaTrader 4 Link

and this fio post:

MultiCharts to Mt4 integration / bridge Does anyone know how I can create / manage orders from Multicharts to MT4? I have several MC strats I want to trade on an MT4 broker (long story but can't change in this instance)

thanks kevin!

I've already saw that , but the website is very sketchy and not updated
Also the forum replied only with some redundant infrastructure : trading from MC to Oanda, then copying to MT4, that I don't even understand how many errors and slippage this setting can produce.

Then there is tradebullet that is now out of business.

So I wish to know if someone more talented than me knew a better solution

giorg 

thanks kevin! I've already saw that , but the website is very sketchy and not updated Also the forum replied only with some redundant infrastructure : trading from MC to Oanda, then copying to MT4, that I don't even understand how many errors and slippage this setting can produce. Then there is tradebullet that is now out of business. So I wish to know if someone more talented than me knew a better solution

Maybe also search for Ninja to MT4, because I know the Tradestation to Ninja route works really well. Of course, that adds a step...

I'm surprised there is not Multicharts to MT4 - have you asked MC support?

My question for you: if TS/MC is generating signals, can't you just send from MC to your forex broker? Why do you need MT4 in the mix?

I will look for Ninja to MT4, as well as investigate TS to Ninja.

Unfortunately, MC doesn't include a connection to Metatrader (MT4/5) and it's not in their future plan to do it. I've asked that some days ago directly to their support.

For your question is because I was investigating the world of "Funded Trading Prop Firms" and they usually don't use Multichart as a supported platform, so that was my idea of applying my strategies to that accounts.

and I don't want to code my strategies as an EA for Metatrader since I don't know anything about that trading language

kevinkdog 

Maybe also search for Ninja to MT4, because I know the Tradestation to Ninja route works really well. Of course, that adds a step... I'm surprised there is not Multicharts to MT4 - have you asked MC support? My question for you: if TS/MC is generating signals, can't you just send from MC to your forex broker? Why do you need MT4 in the mix?

Just a quick update to inform the forum about my progress if someone wants to dig deeper on it.

I tried tradestation -> Ninjatrader integration:

For doing that you should rewrite all the strategies to implement the DDL integration, that is quite of work, especially because you cannot use the same code for backtesting and live trading because all the past entry signals are interpreted as actual entry signals from Ninjatrader.

After that you still need a bridge from NT to MT, I downloaded a bridge from a russian website, you can google for "NT7 Bridge Head", but didn't tested it out since the integration seems to long to make it work.

Multichart to Metatrader:

I used the Oanda way, opening a MT4 account on Oanda and then connecting MC to it. I prefer this way since it's a more stable integration and from that you can use a simple mt4 copytrade to other accounts you use/need.

The only problem here is that Oanda and multichart is only available on Oanda Australia (the account I use) and Oanda Asia-Pacific (didn't tried).
Oanda Europe allows multichart connection but not for trading directly from multichart, due to Mifid regulations
Oanda Global Markets doesn't support multichart

(You can open a Oanda Australia even if you are not eligible because we are not interested in having a live account verified but we can use the demo as a master account and then copytrade on the actual account)

giorg 

Just a quick update to inform the forum about my progress if someone wants to dig deeper on it. I tried tradestation -> Ninjatrader integration: For doing that you should rewrite all the strategies to implement the DDL integration, that is quite of work, especially because you cannot use the same code for backtesting and live trading because all the past entry signals are interpreted as actual entry signals from Ninjatrader.

There is a much simpler TS/Ninja integration that uses SMTP (internal e-mail) link. No need to edit strategies at all.

giorg 

.......I was investigating the world of "Funded Trading Prop Firms" and they usually don't use Multichart as a supported platform, so that was my idea of applying my strategies to that accounts.

I've never used Multicharts, but Topstep for instance say at the bottom of the linked page that they have Multicharts as an available platform (for futures trading).
https://www.topstep.com/funding-opportunities/futures

kevinkdog 

There is a much simpler TS/Ninja integration that uses SMTP (internal e-mail) link. No need to edit strategies at all.

@kevinkdog,

Good call on the SMTP bridge -- that's one of those elegant workarounds that saves a ton of development time. For anyone following along, the basic idea is that TradeStation fires an email alert on signal, and NinjaTrader (or another platform) monitors the inbox and converts it into an order. No DLL rewrites, no code changes to your existing strategies.

This is actually one of the key practical differences in the TradeStation vs MultiCharts discussion when it comes to cross-platform routing. MultiCharts with PowerLanguage can talk to multiple brokers natively, so you often don't need a bridge at all. But if you're committed to TradeStation's ecosystem for development and backtesting, the SMTP method kevinkdog describes is probably the lowest-friction path to route orders through NinjaTrader or other execution platforms.

A few things worth noting for anyone going this route:

• Latency -- SMTP adds a variable delay (typically 1-5 seconds). Fine for swing or longer-timeframe strategies, but probably not ideal for scalping ES or CL on tick charts.
• Reliability -- Email delivery isn't guaranteed in real-time. Some traders use localhost SMTP servers to keep it internal and faster.
• Alternative -- If latency matters, file-based bridges (TS writes a flat file, the receiving platform polls it) can be faster than SMTP while still avoiding DLL complexity.

The broader TradeStation vs MultiCharts choice often comes down to this: do you want an all-in-one broker+platform, or do you want the flexibility to mix and match brokers and data feeds? Both support EasyLanguage/PowerLanguage so porting code between them is straightforward. But for multi-broker execution specifically, MultiCharts has the edge out of the box.

Either way, kevinkdog's point stands -- you don't need to rewrite everything with DLL hooks just to route orders cross-platform. Start simple.

-- Fi

"The best integration is the one simple enough that you actually use it."