Summary of "❇️💰Connect Crypto.com Spot and Futures markets to MetaTrader 5 – [TradingFinder]"
The video tutorial explains how to connect Crypto.com’s spot and futures markets to the MetaTrader 5 (MT5) platform using an expert advisor (EA) provided by the Trading Finder team. This integration allows traders to access real-time market data from Crypto.com directly within MT5 for advanced chart analysis, though trading execution is not supported on MT5 through this service.
Main Financial Strategies and Business Trends:
- Leveraging API connectivity to integrate cryptocurrency exchange data into traditional trading platforms like MetaTrader 5.
- Enabling comprehensive market analysis by combining spot and futures data in one interface.
- Using advanced charting tools and candlestick data for better technical analysis of crypto assets.
Methodology / Step-by-Step Guide:
- Download and Setup:
- Download the expert advisor file for MT5 from the Trading Finder website.
- In MT5, go to the Navigator section and select the server file to run the service.
- Enable Web Requests:
- Navigate to Tools > Options > Expert Advisors tab.
- Enable "Allow WebRequest for listed URL".
- Paste the Crypto.com API URL into the list and confirm.
- Run the Service:
- Start the expert advisor from the Expert tab.
- The EA fetches data for 628 spot pairs and 213 futures pairs from Crypto.com.
- Select Symbols:
- Open Market Watch, right-click and choose Symbols.
- Navigate to the custom folder > Crypto.com FS folder.
- Spot pairs are labeled with “S” and futures pairs with “F”.
- Select desired pairs to open charts.
- Chart Data and Candlesticks:
- Each tick from Crypto.com updates the MT5 charts with high, low, open, and close prices.
- Candlesticks are generated in real-time based on the exchange data.
- The number of candlesticks fetched can be set between 300 and 10,000.
- Chart Management and Time Frames:
- Multiple charts of the same symbol can be opened.
- Option to synchronize the number of candlesticks across charts.
- If synchronization is off, higher timeframe charts build candlesticks from the lower timeframe chart’s data.
- Charts default to 1-hour timeframe but can be changed (e.g., 15min, 30min, 4hour).
- Lower timeframe data than the base chart is not supported.
- Limitations:
- The service is for analysis only; no trading orders can be placed on MT5 via this integration.
- Candlestick data depends on the first chart’s timeframe when synchronization is off.
Summary:
This tool is designed for traders who want to analyze Crypto.com’s spot and futures market data within MetaTrader 5, providing real-time price updates and flexible charting options. It enhances technical analysis capabilities but does not facilitate actual trading on MT5.
Presenter/Source:
- Trading Finder team
Category
Business and Finance
