JSON Web API for MetaTrader 4 – How does it Work?

3 min read
04 January 2023

Forex brokers and traders work with their preferred trading platform. However, not every business can own its own software, so the choice of functionality and customization is limited to a certain extent. Also, if a bridge fails or is delayed, it might have an adverse impact on trade management and execution.

This is where MT4 JSON web API comes into play, featuring best-in-class functionality to manage servers from PHP/ASP/Go/JS/Perl and automate tasks using PowerShell. It allows you to manage MT4 servers remotely via HTTP-enabled clients, from anything with internet connectivity. You can create requests, update, delete users, orders, server settings, make deposits/withdrawals, change symbols’ stop levels, etc.

First, Understand What is MetaTrader 4?

MetaTrader 4 or MT4 is a popular trading platform, developed by MetaQuotes. A broker operates on the server part, while the client software is distributed to the broker’s customers, which track live quotes and graphs, place orders, or manage their portfolios. The platform gained attention owing to the end-users ability to create their own algorithms and bots for automated trading operations.
The software has its own MQL4 specialized scripting language to let traders create expert advisors, custom indicators, scripts, and other tools. Thanks to its modern capabilities, third-party developers can create software bridges to interact with financial trading platforms and systematic spot management.

What does MetaTrader Web API mean?

Web API is a developer-to-developer web service that gives brokers’ developers data and more integration options to trading platforms. It is comprised of several separate components that when combined, build an effective and robust tool to connect with trading platforms in highly efficient ways.

This can help users establish and maintain trading accounts – opening a new account, maintaining existing ones, and accessing account information, and statistics. It helps in the implementation and administration of trades – establishing new deals, managing transactions, gathering trade information, and adding features. 

How does JSON Web API Work?

Built on cloud architecture, JSON web API works 24/7 from different regions to provide data access latency. For extra convenience, an administration portal is available from your browser, so you can invite new and manage existing employees, create PC-to-PC accounts, and manage permissions. 

It allows you to manage several entities, such as MT4/MT5 server settings, user groups, symbols, orders, and ask for more. It gives you real-time updates on price stream, accounts’ margins, symbol settings, account online/offline status switch, and so on.

By using JSON web API for MT4, you can save ample time, money, and resources. So, get started today!

In case you have found a mistake in the text, please send a message to the author by selecting the mistake and pressing Ctrl-Enter.
CPlugin 2
CPlugin Ltd is a software development organization containing decades of experience in this industry and will do its best to be extremely useful with tools and...
Comments (0)

    No comments yet

You must be logged in to comment.

Sign In / Sign Up