Discussion of article "How to create and test custom MOEX symbols in MetaTrader 5"
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New article How to create and test custom MOEX symbols in MetaTrader 5 has been published:
The article describes the creation of a custom exchange symbol using the MQL5 language. In particular, it considers the use of exchange quotes from the popular Finam website. Another option considered in this article is the possibility to work with an arbitrary format of text files used in the creation of the custom symbol. This allows working with any financial symbols and data sources. After creating a custom symbol, we can use all the capabilities of the MetaTrader 5 Strategy Tester to test trading algorithms for exchange instruments.
The two basic types of financial markets include exchange and over-the-counter markets. We can enjoy the OTC Forex trading using modern MetaTrader and MetaEditor tools, which are constantly being further improved. In addition to trading automation, these tools enable comprehensive testing of trading algorithms using historical data.
What about using our own ideas for exchange trading? Some exchange trading terminals have built-in programming languages. For example, the popular Transaq terminal features the ATF (Advanced Trading Facility) programming language. But, of course, it cannot be compared with MQL5. Moreover, it does not have any strategy testing functionality. A good solution is to obtain exchange data and optimize trading algorithms in the MetaTrader strategy tester.
This can be done through the creation of custom symbols.
Author: Dmitrii Troshin