Automation of MetaTrader 5 for more comfortable broker work
When it comes to automation in the metatrader trading platform, most traders immediately think of automated trading using advisors.
But in fact, the functionality of the most popular program for stock trading has much broader capabilities that few people use.
Moreover, automation concerns not only the work of the trader, but also allows you to automate some aspects of the activities of the broker who provided the trading platform.
Even if you are simply a client of a brokerage company, you will probably be interested in knowing 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 events on the trading account. For example, messages about insufficient funds in the account.
Maintenance of the platform - automatically reboot data feeds, gateways and servers. Receive messages when performance drops or technical failures occur.
Changing trading conditions - in the event of a sharp increase in market volatility or in 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 transactions - that is, force the closure of a certain category of orders after the established conditions are met. For example, the end of a futures contract. If necessary, transfer a certain category of assets to the closing-only .
Control over accounts - set up informing the broker in case of suspicious activity on client accounts, or implement the accrual of bonuses for fulfilling certain conditions.
That is, in fact, the broker completely controls not only the technical aspects of trading, but also the activities of the trader in his trading platform, and also has full access to the accounts of his clients.
That’s why it’s so important to work only with trusted brokerage companies – Verified Stock Brokers .