mql5

How to trade on an external cryptocurrency exchange via MetaTrader 5

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Not so long ago, the MQL5 language developers have introduced the updated functionality featuring the ability to develop custom symbols and charts. The broad traders' community has not yet had time to appreciate the power of this innovation, but even an easy and unobtrusive brainstorm shows an enormous potential hidden in the custom symbols. Together with other MQL tools, they allow you to implement many of the most daring and interesting ideas.

From now on, MetaTrader 5 is not just a terminal that interacts with one DC. Instead, it is a self-sufficient analytical platform able to connect to various exchanges via the API, as well as visualize price movements and trade flows. A small set of new features turns the terminal into an open system rather than a toolbox containing a limited number of trading tools. In my opinion, custom tools can also become powerful analytical capabilities.

Let's illustrate the new language features using the popular subject of cryptocurrencies as an example. I believe, it will further strengthen the community's interest in custom symbols.

Who might benefit from the article:

• cryptocurrency exchange traders;
• investors familiar with MetaTrader 5 and portfolio investments;
• freelance programmers who can now execute the customers' orders related to cryptocurrency trading in a simpler (and cheaper) way;
• everyone who follows the new MetaTrader 5 and MQL5 language features.