Native Websocket

What is Native Websocket?

Native Websocket is a technology designed to provide a full-duplex communication channel over a single, long-lived connection. This allows for real-time data transfer between a client and a server, making it highly suitable for applications that require continuous data updates, such as trading platforms.

Key Features of Native Websocket

Supports both ws:// and wss:// (Secure 'TLS' WebSocket)

Handles text and binary data

Automatically manages fragmented messages for large data transfers

Includes ping-pong frames for keep-alive handshakes

No need for DLL or OpenSSL installation

Supports up to 128 WebSocket connections from a single program

Various log levels for error tracing

Can be synchronized with MQL5 Virtual Hosting

Completely native to MQL5

Benefits of Using Native Websocket

Real-time data streaming: Ideal for high-frequency trading and other applications requiring real-time updates

Security: Supports secure WebSocket connections (wss://) ensuring data integrity and confidentiality

Efficiency: Eliminates the need for repeated HTTP requests, reducing latency and improving performance

Scalability: Can handle multiple connections simultaneously, making it suitable for complex trading systems

Ease of Integration: Native support in MQL5 simplifies the integration process with trading platforms

Sample Code

To give you a taste of how Native Websocket works, here's a snippet of sample code: ```cpp #include // Initialize WebSocket client WSHANDLE handle = WebSocketClient::Initialize(); if(handle == 0) return; string url = "stream.binance.com/ws"; string msg = "{'params':['btcusdt@bookTicker'],'method':'SUBSCRIBE','id':27175}"; // Connect to WebSocket server if(!WebSocketClient::Connect(handle, url)) return; // Send subscription message WebSocketClient::SendString(handle, msg); while(true) { if(IsStopped()) break; uint frames = WebSocketClient::OnReceiveString(handle, OnMessage); Print("Frames Processed : ", frames); } // Disconnect from WebSocket server if(WebSocketClient::Disconnect(handle)) Print("Disconnected!"); ```

Applications in Trading

Native Websocket is particularly beneficial in trading environments where real-time data is crucial. Here are some specific applications:

Live OHLC Charts: Provides real-time updates for Open, High, Low, and Close prices

Tick Data: Streams live tick data, including bid and ask prices

Order Book Depth: Displays the depth of the market in real-time

Backtesting: Allows for backtesting strategies using historical data

Automated Trading: Facilitates the development of automated trading bots that react to real-time market conditions

Advantages Over Traditional APIs

Reduced Latency: Websockets maintain a persistent connection, reducing the time required to establish a new connection for each data request

Lower Bandwidth Usage: By maintaining a single connection, Websockets reduce the overhead associated with multiple HTTP requests

Real-Time Data: Unlike traditional APIs that may have rate limits or delays, Websockets provide instantaneous data updates

Conclusion

Native Websocket is a powerful tool for any trader or developer looking to implement real-time data streaming in their applications. Its ease of use, combined with robust features and security, makes it an indispensable component in modern trading systems. 🚀📈

Native Websocket

Trading Library MT5

Easy Rating: 0/0

MQL Rating: 5/2

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Release Date: 27/06/2023

Native Websocket

MT5 Libraries

Easy Rating: 0/0

MQL Rating: 5/2

Automated Trading Forex Tools

Ever wondered if there's a magic wand for your trading woes? Well, Native Websocket might just be it. This nifty library by Racheal Samson promises to make your trading life easier, faster, and more efficient. But does it really live up to the hype? Let's find out! Introductio ...

Release Date: 27/06/2023