MetaTrader 5 automation for a more comfortable brokerage experience
When it comes to automation in the MetaTrader trading platform, most traders immediately think of automated trading using expert advisors.
But in reality, the functionality of the most popular program for stock trading has much broader capabilities that are rarely used.
Moreover, automation concerns not only the trader's work, but also allows for the automation of certain aspects of the broker's activities, which provide the trading platform.
Even if you are simply a client of a brokerage company, you will probably be interested to know what the broker can do with your account and your orders.
Automation in MT5 for a brokerage company:
Messaging – allows you to send push notifications , SMS, email, or internal messages in response to trading account events. For example, messages about insufficient funds in the account.
Platform maintenance – automatically reboot data feeds, gateways, and servers. Receive alerts in the event of performance degradation or technical failures.
Changing trading conditions – in the event of a sharp increase in market volatility or other unforeseen situations, change parameters such as maximum transaction volumes, Margin Call and Stop Out parameters, stop loss and take profit , margin size, and even add additional commissions.
Manage client trades —that is, force the closure of a specific category of orders after certain conditions are met. For example, the expiration of a futures contract. If necessary, switch a specific category of assets to close-only .
Account control – configure broker notifications for suspicious activity in client accounts, or implement bonus accrual for meeting certain conditions.
In other words, the broker has complete control not only over the technical aspects of trading, but also over the trader's activities on its trading platform, and also has full access to its clients' accounts.
That's why it's so important to work only with trusted brokerage companies – Trusted Stock Brokers .
