Add cryptocurency to metatrader 5

 

Hi dear friends,

First of all :

I have facing to a new challenge in Metatrader 5.

I want to add new cryptocurrency symbol but in my Metatrader , I couldn't find.

As you can see in symbols wizard in metatrader doesn't exist cryptocurrency , what should I do?


And the 2nd my question is about , I get this error when I want to retrieve some information from the 'GPBCAD' , in fact some symbol it works well but some symbol doesn't work?

I don' have Idea , why this happened and how I can solve this error?

for instance in 'EURUSD'  or 'AUDUSD' or 'GPBUSD' it works well but in 'GPBCAD' or 'BTCUSD' and ..... doesn't work

How should I do for solving this error?

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The instruments you can (want to) trade is defined by your broker.

Search (carefully! otherwise you probably will moan that you can't withdraw your funds and the broker doesn't answer) for a broker that offers your cryptocurrency.

 
Carl Schreiber #:

The instruments you can (want to) trade is defined by your broker.

Search (carefully! otherwise you probably will moan that you can't withdraw your funds and the broker doesn't answer) for a broker that offers your cryptocurrency.

I really don't understand what it is your mean.

would you mind please more explain about this?

Just I have get some data from Metatrader 5, If I want to retrieve some data from EURUSD it wokrs well but , If I change to  GPBCAD it doesn't work, I don't have any idea how I should I do for fixing this problem.

 
contactsaeed #: I really don't understand what it is your mean. would you mind please more explain about this? Just I have get some data from Metatrader 5, If I want to retrieve some data from EURUSD it wokrs well but , If I change to  GPBCAD it doesn't work, I don't have any idea how I should I do for fixing this problem.

MetaTrader is just software. The broker is the one that supplies the symbols and the respective data feed. MetaQuotes, the makers of MetaTrader, supply some simple demo servers with only some symbols just as an example or demo.

So, you need to find a broker that offers the symbols that you want to trade and open up a trading account with them. Make sure to choose a broker that is licensed, regulated, reputable and well known.

Forum on trading, automated trading systems and testing trading strategies

Tips to avoid being scammed …

Fernando Carreiro, 2022.06.07 14:40

Be it by fake agents, brokers, signals, or EAs, there is one weapon to beat them all — knowledge! Your knowledge is the key to prevent you from being scammed.

Invest and take time to improve your knowledge, to gain experience and improve your skills. Learn to do things for yourself and not to rely on others so much. You don’t have to be a master or even be very good at it, but the more you know and understand, the easier it will be for you to detect when something is not what it seems to be.

Learn how brokers work and how they are licensed and regulated. Learn about the different markets, trading conditions, types of accounts, leverage, and when you don’t understand something, ask first about it and get answers from different sources. Don’t just blindly accept things.

Learn to trade manually, even if you intend to use signals or EAs. You don’t have to be very good at it, but you need to understand all the different concepts of how orders are placed, how they are triggered, how to manage them, how to calculate and manage your risk, and all those pesky little details required to trade manually. Only then can you better evaluate the signals you wish to follow or the EAs you wish to use.

If you are going to hire someone to code your EA for you, then take some time to understand how coding works and some basic knowledge about it. Again, you don’t have to be good at it, but the more you understand, the easier it will be for you to communicate with the developer and provide valid, realistic requirement specifications and to understand how much work is involved as well as its value and how much to budget.

Also, learn to use the Strategy Tester properly and how to interpret the results. The better you understand it, and the more you use it, the easier it will be for you to evaluate the results from EAs you are considering.

So, in conclusion, don’t be a greedy idiot quick to jump onto anything “shiny”. Instead, be wise. Take your time. Invest in your knowledge and skills. Choose carefully.


 
Fernando Carreiro #:

MetaTrader is just software. The broker is the one that supplies the symbols and the respective data feed. MetaQuotes, the makers of MetaTrader, supply some simple demo servers with only some symbols just as an example or demo.

So, you need to find a broker that offers the symbols that you want to trade and open up a trading account with them. Make sure to choose a broker that is licensed, regulated, reputable and well known.


Thank you for your explanation,dear friend.

Good Luck!

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