The Metatrader terminal is one of the forex trading tools and is responsible for retrieving the quotations of the prices that you can get from your broker server.
14 October 2021 12:03 PM
The Metatrader terminal is one of the forex trading tools and is responsible for retrieving the quotations of the prices that you can get from your broker server. Later, you can use them and plot them on your chart. The quotations that are included here are the data for the BID, ASK, HIGH and LOW prices as well as the Time. These data allow you to analyze the movements of the market. This also presents you with the opportunity to utilize your trading strategies. This will enable you to make the right decisions in your trading transactions.
There are forex tools that are really effective and now, you can use them to export data in dealing with the live forex market. Now, if you want to export these, you can use the DDE technology which is in real-time mode. If you still do not know what DDE means, it is Dynamic Data Exchange, which has a protocol that enables two applications to run at the same time so that they can share the same exact data that the forex trader wants.
There are two components here that are often involved here and they are the client and the server. The former is the one that sends the data while the latter is all about the program that captures the data that is sent from the server. Thus, you can say that the Metatrader is the server here and the client is the program that you can use any programming language that you prefer.
So how does the DDE technology work? Basically, the server works using a very simple protocol. The client should be able to send a series of commands to the server. This should be in a format that the server should understand so that the process will be truly effective. Later, the server will then return the requested data back to the client.
There are three identifiers in the server application in the data item. They are the DDE application name, the DDE item name, and the DDE topic. The first one, which is the DDE application name, is the executable file for the application but this does not have the. EXE extension. In this case, the MT4 is the name of the server. Now, the DDE topic identifies the data category that is found in the application of the server. The item name on the other hand identifies the data source.
If you have already installed your Metatrader platform, it will be easy for you to export data using DDE technology. Simply enable the DDE server in the tool’s menu in the Metatrader client station. Now, you should have the program running where you will transport the data such as MS Excel. Create your new connection and then select DDE as the type and then click on the instrument settings. Here, you will only have to specify the name of the data that you want to export. Now, you can start exporting using DDE.