Getting Started with Meta-Delta Bridge

1. Start Deltastock MetaTrader 4.
2. Start Delta Trading. We recommend you to start with a Delta Trading Demo account first to understand how META-DELTA works.
3. Open the "Scripts" folder in the "Navigator" window and attach the "META-DELTA" script to an arbitrary chart.
   
4. If the "Positions" indicator is not already attached to the chart where you dropped META-DELTA, open the "Custom Indicators" folder of the "Navigator" window and drag and drop META-DELTA_Positions indicator to the same chart.
   
5. NB You need to have Deltastock API activated. For the DEMO accounts it is activated by default and for the Live accounts you need to sign an additional agreement. To activate the API for your live account please, complete our API activation form and send it to us by e-mail at sales@deltastock.com or by fax at +359 2 811 50 49.

Starting the script for the first time

If you are starting the script for the first time, the following dialog box will appear:

It will ask you to enter the Delta Trading account the bridge will be trading with. You can find your Delta Trading account number in the menu Settings/General Settings/Account Number of Delta Trading.

• Enter the number and press "Start Delta Trading".
• Then start META-DELTA again.

A yellow message will appear on the top left corner of the chart indicating that the script is running, as shown below:

The "META-DELTA" script can only be attached to one chart.

Even though the script is attached to one chart only, it will place orders for all instruments you trade with in MT4. You can also attach an Expert Advisor to the same or/and other charts

The "Experts" tab of the "Terminal" panel is where META-DELTA logs all the messages while trading, like orders executed, errors and status information. So it is good to keep an eye on it.

Ready to trade

Place an order for 0.5 lots AUD/USD in MT4. As you are trading AUD/USD for the first time, the script will prompt for a conformation before starting to synchronize it. Select "Yes". The order is submited to Delta Trading.

Check the execution price in the "Trade" tab of the "Navigator" panel of MT4 and in the "Orders" window of Delta Trading:

In the example above the order was executed at 0.90843 in Deltastock MetaTrader 4 and at a better price in Delta Trading: 0.90834. The order can also be executed at a better price in Deltastock MT4 and at a worse one in Delta Trading.

A greater difference in the execution prices may occur during news releases, when the market is highly volatile. In such cases your order will immediately be executed in Deltastock MT4 and then it will be sent to Delta Trading where a small delay may occur. There may be a difference in the execution prices because of such delay. Keep in mind that the price difference can be either to your advantage or to your disadvantage.

How META-DELTA works

The Meta-Delta bridge operates by constantly calculating and equalizing open positions in MT4 and Delta Trading . If a difference occurs the bridge will place a Click and Deal order to Delta Trading™. Every order (market, stop or limit) is executed in MT4 first and then is placed as a market order in Delta Trading™.

The Positions Indicator

Under the term "Position" MetaTrader users undestand each open trade, while a "Position" in Delta Trading is the total amount of a security (the total of all open trades in MT4 terms).
Use the "Positions" indicator to monitor the total amount of open trades in a security.

If you have insufficient margin in your Deltastock account and the bridge can not place orders, it will put the instruments which cannot be synchronized on hold and check again for available margin in one minute. The positions will be marked in red as shown on the screenshot. The figures in brackets at the end of the line show the seconds remaining to system's next attempt to place an order

Excluding instruments from synchronisation

If you are trading a security for the first time, the script will prompt for a conformation before starting to synchronize it

If you select "No", this instrument will be excluded from the set of instruments synchronized i.e. you will be able to trade this instrument in MT4 and Delta Trading separately. Positions of the excluded instruments are marked in gray in the "Positions" indicator.

After you have traded a particular instrument for a while through the bridge, you might decide to exclude it from synch and trade it in Delta Trading and MT4 separately, You can do this with the "META_DELTA_Instruments" script, which again is in the "Scripts" folder.

NB
Keep in mind that the result achieved in МТ4 will not be revaluated, whereas in Delta Trading the achieved result is revaluated every business day. This means that your account balance will continue to change even if you do not have any open positions in Delta Trading™. This will continue until the realized profit/loss is revaluated to the base currency of your account.

The realized profit/loss will be revaluated to the base currency of your account at the closing market price (at 24:00 EET). The revaluation itself will be executed on the next business day.