Zorro - Free Trading Automaton
Welcome to the Zorro project! The idea behind this software is simple: Let some machine redistribute money from the rich to the poor.
Zorro was developed to beat the world financial system with its own weapons. It taps into the money flows of the financial markets and generates income by automated trading with stocks, commodities, and currencies. For finding the right moments to buy or sell, Zorro detects inefficiencies in price curves, such as trends or cycles. It uses this information for short-term price prediction (read here how this works). Once set up, it is fully autonomous and can operate without human interaction.
Zorro is a community project. It's free because we believe that a huge number of people should participate in profits from the financial markets. Here's why:
- Technical progress has enormously boosted productivity worldwide and is still increasing it at a rate of about 2% per year. Theoretically, we needed to work four days less every year for producing the same goods and earning the same income.
- However it does not happen this way. Producers use productivity boosts for reducing costs - mostly wages and salaries. This is supposed to improve their profits, but it also has an adverse affect. Layoffs, unemployment, subsequent demand shortfall and economic crises eat a large part of the benefits from increased productivity.
- The remaining excess profits are invested - however not in production of goods, but in financial assets. Hedge funds, investment banks, and trading firms circulate an immense money volume (up to seven trillion US$ per day) through the financial markets, this way creating a shadow economy that largely surpasses the market of real products and services. It consumes most rewards of technical progress, and gives back occasional market crashes and financial crises.
- But it also offers the opportunity to redistribute some of the excess profit back from the rich to the poor. Providing many people with a small but regular trading income will take liquidity out of the financial markets and inject it back into the production cycle. This will boost demand worldwide and soften the world's economical problems.
Zorro comes with several built-in trade strategies that can generate a regular income. However its main purpose is helping people to understand and exploit the financial markets. For this it contains a trading strategy course and a serious strategy development system, far superior to the tools normally available to private traders (learn more here).
All this is free. But we expect something back in return: do not just run the included strategies and wait for the money to roll in. Go through the course, learn automated trading, and develop your own financial trade systems. Share them with many others, and attack the world financial markets with a thousand different ideas and methods.
Zorro release 1.22 is now available for free download! The new version comes with many new features, for example:
- The MT4 bridge was updated to version 1.3 that supports MT4 version 600 and above.
- The new Multisession plugin allows to trade with multiple brokers, instances, and accounts even with the free Zorro version.
- A new Virtual Hedging mode allows to combine trades opened on the same bar to a single net trade.
- The Keltner Channel was added to the indicator library.
- The exec function can be used to open an external program, document, URL, or batch file.
- A Monte Carlo plugin is now available for a Monte Carlo analysis of strategy scripts and external trade lists.
- The R2 coefficient that measures equity curve linearity is now included in the performance report.
- A small example script for converting .csv price history files to Zorro's .bar format was added (needs the file_write function).
- The ShannonGain indicator calculates the expected gain of the next bar period, based on Shannon probability.
- A description of using NeuroShell™ and other DLL-based indicators for Zorro was added to the conversion chapter.
- Trade management functions can now be triggered by entry or exit limits, thus allowing for additional entry/exit conditions or trade chains.
- TickSmooth can remove outliers from incoming price ticks.
- The TickTime variable can be used to save CPU resources by defining a minimum time between script executions.
- The plotProfit functions plot the daily, weekly, monthly, or quarterly profit or loss in the price chart.
- The Z5 system got a new algorithm for the "Stop" slider that re-enters trades closed due to the risk limit. This greatly improves the profit in situations when the risk limit is exceeded.
Under What's New you'll find the complete feature list of the new Zorro version. A comparison table of Zorro vs. TradeStation™ vs. Metatrader™ can be found on the FAQ page.