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Trading in the foreign exchange market demands access to accurate, reliable, and timely data. Forex traders often rely on third-party data providers for this crucial information. However, the quality of data provided can be variable, and these services can be pricy, often requiring subscription fees for each symbol. The MT5 Rates HTTP Provider seeks to address these challenges by transforming your MT5 terminal into a historical/real-time rates data provider.
Transforming Your MT5 Terminal into a Data Provider
The MT5 Rates HTTP Provider is an Expert Advisor (EA) that repurposes your MT5 terminal into a data source for your application. It allows you to feed your application with the exact rates data you see in the MT5 terminal. This means you are relying on the same data for your trades and market analysis.
Ensuring Reliable Delivery of Rates Data
One of the key features of the MT5 Rates HTTP Provider is its commitment to the delivery of every rate. It possesses a built-in ability to resume from the last sent rate in the event of disruptions. This robust delivery mechanism ensures that traders don’t miss out on any critical market data.
Flexibility in Transmission and Storage of Data
The MT5 Rates HTTP Provider offers flexibility in transmitting and storing data. It enables the transmission of rates data to a pre-configured external HTTP URL. For storing rate timestamp offsets, users have two options: Local Files (default and managed automatically) and HTTP endpoint (for integration with applications).
Configuration Details of MT5 Rates HTTP Provider
This EA offers a range of configuration options to adapt to the user’s specific needs. For instance, users can specify the maximum number of rates that can be sent in a single batch, configure the URL endpoint where the rates data will be sent, and decide whether to re-export historical rates from a specific value.
In terms of the symbols for which rates will be exported, users can choose between ‘HTTP_ENDPOINT’ or ‘EA_INPUT’. If ‘EA_INPUT’ is selected, users can define which symbols’ rates will be exported and the timeframes for these rates.
Independent Testing and Updates
For those who want to see the MT5 Rates HTTP Provider in action before making a commitment, independent testing of this product is available on the forexroboteasy.com website. Subscriptions for updates on the results of testing this product are also available, ensuring users stay informed about the performance of this tool.
Frequently Asked Questions (FAQs)
What is the MT5 Rates HTTP Provider?
The MT5 Rates HTTP Provider is an Expert Advisor that turns your MT5 terminal into a historical/real-time rates data provider for your application.
What are the main benefits of using the MT5 Rates HTTP Provider?
The primary benefits of using this EA are its ability to deliver reliable forex data, its flexibility in transmitting and storing data, and its robust delivery mechanism that ensures no rate is missed.
Where can I see the results of independent testing of the MT5 Rates HTTP Provider?
Independent testing results are available on the forexroboteasy.com website. You can also subscribe for updates on these testing results.
If you’ve used the MT5 Rates HTTP Provider, we invite you to share your experience. Your insights can help other traders make informed decisions about whether this tool is right for them.
In conclusion, the MT5 Rates HTTP Provider offers a unique and reliable solution for forex traders seeking quality market data. By leveraging the power of the MT5 terminal, this tool ensures the delivery of accurate forex data necessary for effective trading and market analysis.
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