Binance Quotes Updater

The ever-evolving world of cryptocurrency trading has necessitated the need for real-time, accurate, and reliable trading tools. One such tool that stands out is the Binance Quotes Updater, designed to provide live cryptocurrency quotes for MetaTrader 5 terminal users.

Real-Time Crypto Quotes for MetaTrader 5

The Binance Quotes Updater provides users with the ability to view real-time quotes of cryptocurrencies in the Market watch window and on the MetaTrader 5 charts. This feature enhances traders’ ability to make informed decisions based on real-time movements in the cryptocurrency market.

Upon activating the service, users can enjoy fully featured and automatically updated cryptocurrency charts in MetaTrader 5. They can apply templates, color schemes, technical indicators and any non-trading tools to the charts, as well as make any drawings on them. However, one-click trading is not available with this service. For trading directly on Binance from the MetaTrader terminal, traders must use the Binance Trade Manager utility.

Limitations of the Binance Quotes Updater

While the Binance Quotes Updater provides real-time quotes, it does not support the download of a long history of quotes (more than 30 days). For this purpose, the Binance History Loader script is recommended. Furthermore, it’s worth noting that the demo-version of Binance Quotes Updater cannot be run in the MetaTrader 5 Strategy Tester. To get a free demo, users are recommended to contact the service provider directly.

Getting Started with Binance Quotes Updater

Users are required to get API keys (API key and API secret) in their personal area on the Binance website. After adding the addresses of the exchange to the list of allowed URLs, run the service specifying the API-key and API-secret received in the Inputs.

Upon the first successful connection to the exchange, the keys will be encrypted and saved to the user’s hard drive, and can be omitted in the future. Traders can then select the section of the exchange they wish to work with (spot or futures). Note that API keys with the appropriate permissions are required to work with the futures section.

Working with Symbols/Coins

Users can specify a list of assets and/or coins to download. If one coin is specified, all assets that include that coin will be loaded. If you specify multiple coins, all the assets that can be built from coins combinations will be loaded. If “all” is specified, all available assets will be loaded. However, users should be aware that there are more than 1700 instruments in the spot section of the exchange, and loading history for all the assets can be time-consuming.

Independent Testing of the Product

Prospective users can watch independent testing of the Binance Quotes Updater on the forexroboteasy.com website. On this website, they can also subscribe to updates on the results of testing this product. This ensures that users are always up to date with the performance of the product.

FAQ

Q: Can I trade directly on Binance with the Binance Quotes Updater?
A: No, the Binance Quotes Updater only provides real-time quotes. To trade directly on Binance from your MetaTrader terminal, use the Binance Trade Manager utility.

Q: Can I download a long history of quotes with the Binance Quotes Updater?
A: No, the Binance Quotes Updater does not support the download of a long history of quotes (more than 30 days). For this, you will need to use the Binance History Loader script.

Q: How can I get a free demo of the Binance Quotes Updater?
A: To get a free demo, you are recommended to contact the service provider directly.

We invite readers to share their experience of using the Binance Quotes Updater. Kindly note that this is an independent product review and the text is written in the third person.