Dukascopy Bridge Discussion

I'm intrigued as to what you are doing here as I have a Dukascopy account and use the Jforex-MT4 bridge. Is this going the other way?

That is right!

I am trading with all pending orders within Jforex...When a trade is executed, it is copied almost immediately to MT4 Beta.

However, i have already found the limitation, such as the following.

Jforex has the ability to close a Group order with 1 click. It does not matter how many orders I have placed. 1 Click, and the grouped order closes out immediately. :-) I really love this.

MT4 Beta on the other hand does not have this ability. Execution for closing orders are delayed by as much as a minute, depending on how many orders I have opened.. 1 Tick= 1 Closed order, 1 more tick = 1 More closed order.. ;-(

Also, Anytime I close ANY order within Jforex, that same trade will not close within MT4. I am not sure why nor have I looked into a solution just yet. I am only on test day two.

This is my biggest concern and i will be looking into a solution for this. The solution may be impossible. However, if Jforex can use a bridge to communicate with Mt4, I am hoping that Mt4 and communicate with Jforex in this same manner.

Jforex MT4 bridge: Jforex Bridge reads the Log file that Mt4 Creates (this is not 100% reliable because MT4 sometimes does not create a Log File.).

https://forum.mql4.com/28877

We have made a Trade Copier EA that also reads this Log file within a Master Mt4 and has the ability to open and close trades on other Slave Mt4 without using DLL (( like all the otherTrade Copier EA's)).. SO it is all done within my PC with OUT the needed routing to a server. Still Working out the bugs and still finding more limitations and inconsistency within MetaTrader, which is driving my brother and I crazy but it is working.

For the time being.. I am trying to use Jforex ONLY... Then use Dukascopy MT4 beta as my Master Mt4 (creates Log File) then our Trade Copier will read this Log File for all the other Slave terminals to open and close our trades on other Brokers..

now on the flip side. I do use MT4 as a Master to trade multiple Jforex Platforms. because Jforex Bridge reads this Log file within Mt4. And from my experience. The trades are executed Faster within the Jforex platform before Mt4 opens that SAME Trade. This is really mind boggling that MT4 can write to the Log file and Jforex can execute that Trade before Mt4 executes My initial position.

This should really give a detailed explanation of the limitations, benefits, and problems associated with Mt4.

I have also came across Protrader.net-PT multistation-BeTrade or whatever you want to call it, within the last Month and testing has been pretty good on FXCM , besides the occasional API drop on FXCM's side.. Will be testing Dukascopy, and 20 other liquidity providers within the next year... Lots of research, testing, and decisions that still need to be made....

If you would like to input, suggest, or tell others your experience as well, We can all benefit from this collaboration.

Thanks for the comment!

 

Yes, I looked at PT Multistation myself at one stage but I think I was unprepared to pay for it after trialing it.

You do know by the way that Dukascopy have apparently shelved their project to get MT4 working? So it's hard to say how long the beta version will be available from them.

Using Jforex to trade via MT4 will not work..

When I place a LONG 1 lot on Jforex, the trade LONG 1 Lot is Copied to MT4 == GOOD

When I close out the LONG 1 lot on Jforex, a New order SHORT 1 lot will be placed on MT4== BAD

Also when I close the LONG 1 lot on Jforex, the Original LONG 1 lot within MT4 will not close== BAD

I do not see a solution for this. What a shame... I really was hoping I can only use MT4 for sending signals and copying trades to my other MT4 accounts.. Now I am stuck with using MT4 for manual execution.

hi will, I have send you a message before I saw this blog.

I'm still trying to make JForex to MT4 to work. I've found a great EA that reads txt files in MT4 in a very simple manner.


In JForex, you just have to create a file after making/modifying an order with these informations :

symbol, cmd, volume, price, slippage, stoploss, takeprofit, id of the order


Even modification works, I've tested by modifying mannually the txt file that triggers MT4.
Here is a link to the script :

https://paulsfxrandomwalk.blogspot.com/2009/12/crude-api-for-metatrader-4.html


I think it would be possible to create the txt file with a JForex strategy by listening to order events. Do your brother have the skills for it ? I'm not that good at programming.


Let me know.

interesting.. yeah we actually had built a Mt4 trade copier that would read from a text doc.. So your trying to force trade calls from Jforex into Mt4? Why?

Hi Will,

Thanks for the response.

pipinvestment1 posted:
So your trying to force trade calls from Jforex into Mt4? Why?

Because I prefer to trade with JForex, it's faster and I like the 'one clic' orders and closing groups fast.

For creating the file which will trigger MT4 from JForex I need to catch Orders events, but I haven't found what I need yet in the API but I'm sure this is possible. If you take the 'Message' tab in JForex, when you execute an order the following informations will appear :

2010-09-09 15:05:08 Order ACCEPTED: #49062186 TAKE PROFIT SELL 0.05 mil. EUR/USD @ LIMIT 1.27615 IF BID => 1.27615 - Position #10134455
2010-09-09 15:05:08 Order ACCEPTED: #49062185 STOP LOSS SELL 0.05 mil. EUR/USD @ MKT IF BID <= 1.27315 - Position #10134455
2010-09-09 15:05:08 Order ACCEPTED: #49062184 ENTRY BUY 0.05 mil. EUR/USD @ MKT IF ASK => 1.27415 - Position #10134455
2010-09-09 15:05:08 Order sent: TAKE PROFIT SELL 0.05 mil. EUR/USD @ LIMIT 1.27615 IF BID => 1.27615
2010-09-09 15:05:08 Order sent: STOP LOSS SELL 0.05 mil. EUR/USD @ MKT IF BID <= 1.27315
2010-09-09 15:05:08 Order sent: ENTRY BUY 0.05 mil. EUR/USD @ MKT IF ASK => 1.27415
2010-09-09 15:05:08 Sending order: TAKE PROFIT SELL 0.05 mil. EUR/USD @ LIMIT 1.27615 IF BID => 1.27615
2010-09-09 15:05:08 Sending order: STOP LOSS SELL 0.05 mil. EUR/USD @ MKT IF BID <= 1.27315
2010-09-09 15:05:08 Sending order: ENTRY BUY 0.05 mil. EUR/USD @ MKT IF ASK => 1.27415

We just have to find where theses informations are taken from and write them in a file.

I've posted on Dukascopy's support forum :
https://www.dukascopy.com/swiss/english/forex/jforex/forum/viewtopic.php?f=7&t=23756

bye

Ok.. So I see your point and I am on board with this idea as well. I also prefer to trade manually with Jforex, I've talked to my brother and he said he can do this. PM me...

Is anyone using this https://files.metaquotes.net/fair.trading.technology/mt4/ftt_dc4setup.exe?
How much does PT Multiterminal cost? Does it work with mt4 ea and then have the trade executed on Dukascopy JForex?

   jsantos3 posted:
   Is anyone using this https://files.metaquotes.net/fair.trading.technology/mt4/ftt_dc4setup.exe?
How much does PT Multiterminal cost? Does it work with mt4 ea and then have the trade executed on Dukascopy JForex?

I am using it right now. It is really great tool to use. Everything works nicely though if you are running EAs make sure you have 'ECN mode' available. You can read more on their website https://www.fairtradingtech.com/

Hi everybody!

did anyone managed to publish jforex to myfxbook.com???


thanks in advanced!!!

its posible to load Jforex logs to myfxbook or direct connect?

not yet. ask myfxbook staff if they'll worked on this?

this account was opened through dukasscopy partners at fairtradingtech which offered a mt4 bridge to manage the Dukas account

BJF Trading Group has announced the new addon for PowerTradeCopier ( web: https://multiterminal.net)

This module allows you not only to copy trades from MT4 to MT4 but also from MT4 to JForex (DukasCopy).
This add-on allows you to copy trades from MT4 master account to JForex slave accounts without delay.
Enjoy all PowerTradeCopier's features for JForex accoiunts managment: lot scaling options, filters, etc.

MT4 to JForex by means of FIX protocol. Minimum deposit should be $100k for using FIX at Dukascopy