MT5 and NSE

[24079576]

what is the procedure to add symbol from NSE to MT5 marketwatch and start trading NSE option trading and back test..

[Sergey Golubev]

Any symbol is related to the broker (the brokers can add the symbol).
If you want to find NSE symbols in MT5 so you should find the broker who is proposing it for traders.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

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Sergey Golubev, 2017.04.23 08:16

As the people are continuing asking about Indian market data so it is the information about -

I think - some MT5 brokers are also providing those data so please find it by yourself for example.

And there are some other brokers who are providing it (we can not suggest any broker so you should find it by yourself using google for example).

[Gellet Manchenella]

You don't need  to suggest any broker, can you share the list of brokers who support Mt4/MT5 in India

[Sergey Golubev]

Gellet Manchenella:
You don't need  to suggest any broker, can you share the list of brokers who support Mt4/MT5 in India

Yes, you can try 100 or 500 brokers (by openning the demo accounts with them), select the brokers for India by symbols, and share the list of brokers for all of us (on the same way as I did here).

[Shanker Madhavarajan]

Worth updating this, since the thread still comes up in searches and the answer here is that it depends on the broker. For MT5 it doesn't.

MQL5 has had a custom-symbol API for years now. CustomSymbolCreate() creates a symbol your broker never offered, CustomSymbolSetInteger/Double/String() set its properties — digits, tick size, contract size — CustomTicksAdd() and CustomRatesUpdate() feed it data, and SymbolSelect() puts it into Market Watch. From there it charts like any other instrument, and the Strategy Tester will use whatever history you wrote into it.

So the procedure is: pull the data from your broker's API with a program running on the same machine, create the symbols, and stream into them. Individual option strikes work too, since you are creating each contract yourself rather than hoping a vendor's fixed symbol list includes it.

One honest limitation, since the original question mentions trading. This gives you charting, analysis and backtesting. It does not turn an Indian broker into an MT5 broker — order execution still has to go out through that broker's own API from the same program, not through MT5's trade server.

MT4 cannot do any of this. It has no equivalent API, which is the real reason MT4 never worked properly for Indian instruments, and no amount of data-vendor plumbing ever fixed it.