Bybit is ending support for MT4. What to do?

July 22, 2024

in Trading

Reading Time: 3 mins read

[ad_1]

You will have efficiently traded cryptocurrency utilizing your MT4 EA on Bybit. However one thing sudden occurred. Beneath are step-by-step directions on the way to proceed buying and selling with the identical EA on Bybit. Furthermore, it is possible for you to to commerce USDC-M and COIN-M pairs, e.g. to scale back commissions!

Search for the same instrument on a demo account

First, you might want to discover the specified cryptocurrency on the MT4 demo account of any dealer. For instance, these buying and selling on the ETCUSDT instrument will discover ETCUSD on ForexClub. There are greater than 50 cryptocurrencies on the ForexClub-MT4 Demo Server, and buying and selling can be out there on weekends:

In any MT4 terminal, connect with this account:

Organising copying trades from a demo account

After connecting to the demo account, open the ETCUSD chart and run the GRat_OrderExport (MT4) instrument on it to repeat your EA’s trades. Ensure that the next parameters are set:

Magic – the magic quantity that your EA assigns to transactions, for instance 20000. If it doesn’t assign, then 0 . Frequent = true .

Receiving market knowledge from Bybit and organising sending trades to it

Set up the GRat_BybitImport instrument in any MT5 terminal and run it on any chart. Ensure that the next parameters are set:

Mode = Feed & Commerce Simulation = true to start out; after testing, change to false for actual buying and selling on Bybit . === CopyFrom === Magic – the quantity that was specified within the GRat_OrderExport (MT4) utility, for instance 20000 File = true Frequent = true Coin – foreign money (coin) or instrument for buying and selling, for instance ETC Base – steadiness/quote foreign money, for instance USDT APIKey, APISecret – public and secret Bybit API keys; they will need to have Learn and Write permissions, in addition to Commerce on the corresponding devices. WalletType – sort of instrument being traded, for instance Futures TestEnvironvent = false .

The bybit.set file under comprises these settings. Study extra concerning the parameters.

Click on OK. You will need to await the information to load.

The whole lot is able to launch your EA! Open one other ETCUSD chart with the specified timeframe in MT4 and begin buying and selling along with your EA on it, as you probably did earlier than on the same Bybit pair. Ensure that that your EA assigns the identical magic quantity that was specified within the GRat_OrderExport (MT4) instrument, for instance 20000. Now all trades can be robotically copied to the specified instrument on Bybit, on this case,the ETCUSDT futures .