Use Case: Automate strategies, customize indicators, handle order execution.
Typical Use Cases Algorithmic trading bots (EAs) Automated risk management tools Custom dashboards and trade monitors Strategy backtesting and optimization
Official Support: Mostly provided by brokers or third-party vendors. Use Case: Remote account management, fetching account info, and trading operations.
Using API software with MetaTrader 4 (MT4) or MetaTrader 5 (MT5) allows traders and developers to automate trading strategies, access market data, and integrate third-party services. Here’s an overview of the main APIs available and their use cases:
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