MT5 Connector Settings
After installing the MT5 connector to your chart, you’ll be prompted to configure various parameters that control your automated trading behavior.
⚠️
Please whitelist the domain pinetrader.io
in the WebRequest settings.
Here’s how the MT5 connector input window looks:
Basic Settings
License ID
The foundation of your connector setup - without this, server connection is impossible.
- Required: ✅ YES
- Value:
License ID #
from your Subscription Dashboard
Magic Number (Optional)
A unique identifier for tracking trades and positions.
- Required: ❌ NO
- Value:
INTEGER
(non-decimal number) - Default:
null
Suffix and Prefix
A way to modify the symbol string sent from TradingView in order to match your broker’s nomenclature.
- Required: ❌ NO
- Value:
STRING
(text) - Default:
null
Suffix
- If provided, the value will be added to the end of the symbol string received from TradingView
- Exemple:
- Suffix : “.i”
- TradingView symbol : “USD/CAD”
- Result : “USD/CAD.i”
- Exemple:
- If provided, the value will be added to the end of the symbol string received from TradingView
Prefix
- If provided, the value will be added to the start of the symbol string received from TradingView
- Exemple:
- Prefix : “X-”
- TradingView symbol : “USD/CAD”
- Result : “X-USD/CAD”
- Exemple:
- If provided, the value will be added to the start of the symbol string received from TradingView
Trading Parameters
Trailing Settings
Determines when trailing begins. Choose from:
Trail Price - Price Level
: Specific price level to start trailingTrail Price - Ticks
: Number of ticks from entryTrail Price - Percentage
: Percentage distance from entry
Position Sizing
Position size in Lots/Contracts
- Direct volume specification
- Example:
size: 2.75
= 2.75 lots/contracts - Best for consistent position sizing
Risk Management
Stop-Loss Configuration
Stop Loss Price Level
- Direct price specification
- Order ticket’s
sl
= exact exit price - Best for precise exit points
Take-Profit Settings
Take Profit Price Level
- Direct price specification
- Order ticket’s
tp
= exact exit price - Best for specific profit targets
Advanced Configuration
Position Size Override
Set default position Fixed position size
sizes for fixed-volume trading.
- Use Case: Consistent position sizing across trades
- Application: Fixed volume trading strategies
- Behavior: If
Position Size Percent From Equity
is set thenFixed position size
’s value will be used as the amount to risk (2.00 = 2%
)
💡
Pro Tips
- Review all settings carefully before live trading
- Test configurations in a demo account first
- Document your preferred settings for future reference
- Regularly review and adjust based on performance