MT5 Connector settings

After installing the MT5 connector to your chart, you will prompted to set the parameters.

Note: These settings will overwrite values given by your ORDER TICKET.

Please do not forget to whitelist the domain pinetrader.io in the WebRequest settings.

An exemple of the MT5 connector input window:

License ID

Perhaps the most important parameter. If you do not provide any value, you won’t be able to connect to the servers.

Required? YES ✅

Value expected: License ID # found in your dashboard(Subscription)

Magic number

This parameter can be set using the order ticket or directly in the input window.

If no value is specified this field will be null.

This field can be utilized to track trades and positions.

Required? NO ❌

Value expected: INTEGER, a non-decimal number.

Trailing

The following settings manage the trailing behaviour of the trades.

Trailing price

The trailing price tells when to start trailing.

You can give the price in three different ways:

• TpPrice: The price at which trailing should begin.

• TpTick: The number of ticks away, from the entry price, to start trailing.

• TpPercent: Percent away from entry price to start trailing.

Trailing offset

The trailing price tells how much to trail trail.

You can give chose from one of two methods:

• ToTick: The value passed in trail_offset from the order ticket will be interpreted in ticks.

• ToPercent: The value passed in trail_offset from the order ticket will be interpreted as the percentage to trail by.

Position sizing

Position sizing deals with the behaviour of the calculation of the volume to trade.

You can give chose from one of two methods:

• PS_Fixed: Stands for “Position Size Fixed”. By setting this method, the traded volume will be directly given in the order ticket. For exemple: size is 2.75 this will trigger a 2.75 lots or contracts position.

• PS_PercentageOfEquity: [⚠️must also pass a valid sl] By setting this method, the volume to trade will be calculated using the stop-loss value. This makes sure that if the price hits sl your loss will be contained to the percentage value given in the order ticket’s risk parameter.

Stop-loss

The stop-loss is the price at which the position should be closed 100%, if the market is to go against you.

You can chose from one of two methods:

• SL_Price: Stop-loss by price. The value of sl in the order ticket will be treated as the price at which to close your position.

• SL_PercentageFromPrice: Stop-loss by percentage variation. The value of sl in the order ticket will be used to calculate the price (+/- X%) at which the stop-loss should be set.

Take-profit

The take-profit is the price at which the position should be closed 100%, when you correctly predicted the market.

You can chose from one of two methods:

• TP_Price: Take-profit by price. The value of tp in the order ticket will be treated as the price at which to exit your position.

• SL_PercentageFromPrice: Take-profit by percentage variation. The value of tp in the order ticket will be used to calculate the price (+/- X%) at which the take-profit should be set.

Position Size

If you plan on using fixed position sizes, you can directly set your volume to trade by updating the value on Position size.

Required? NO ❌