Summary of 🔥connecting CoinEX Spot and Futures to MetaTrader 5 – [TradingFinder] - Free
The video tutorial by the TradingFinder team explains how to connect CoinEX spot and futures markets to the MetaTrader 5 (MT5) platform using a specialized expert advisor (EA) service. This integration allows traders to receive real-time market data from CoinEX within MT5 for analysis purposes, although trading execution is not supported through this setup.
Main Financial Strategy / Business Trend:
- Leveraging third-party expert advisors to integrate cryptocurrency exchange data (CoinEX) into traditional trading platforms (MetaTrader 5).
- Enabling multi-timeframe technical analysis of spot and futures crypto pairs on a single platform.
- Using API-driven real-time data feeds to enhance market analysis capabilities without switching platforms.
Methodology / Step-by-Step Guide:
- Download and Setup:
- Download the expert advisor file from the TradingFinder team’s provided section.
- In MetaTrader 5, go to the Navigator section and select the expert advisor file.
- Before running, enable "Allow DLL imports" in Tools > Options > Expert Advisors tab.
- Configuration:
- Enter the CoinEX API URL link into the expert advisor settings and confirm.
- Run the expert advisor file to start receiving data.
- Accessing Market Data:
- Right-click Market Watch > Symbols > Custom Folder > CoinEX FS folder.
- Spot pairs are marked with an “S” and futures pairs with an “F.”
- Open chart windows for selected spot and futures symbols.
- Data Visualization:
- The EA fetches and displays up to 10,000 candlesticks per chart (minimum 300).
- Each tick updates the OHLC (Open, High, Low, Close) prices in real-time.
- Multiple charts for the same symbol can be opened with synchronized or independent candlestick counts based on input settings.
- Multi-Timeframe Chart Management:
- When the synchronization option is true, all charts for the same symbol display the same number of candlesticks.
- When false, higher timeframe charts derive their candlesticks from the lower timeframe chart, potentially showing fewer candles.
- Smaller timeframes than the base chart will not show new data beyond what is available from the base chart.
- Limitations:
- The service is for data analysis only; no trade execution is possible on MT5 through this integration.
Conclusion:
This tool facilitates comprehensive crypto market analysis by integrating CoinEX spot and futures data into MT5, allowing traders to use familiar charting and technical analysis tools with real-time data from a major crypto exchange.
Presenters / Sources:
- The TradingFinder team
Category
Business and Finance