Connection CoinBase Spot to MT5 Service Download – Free – [TFLAB]

The Expert tool for connecting Coinbase Spot to MT5 is designed to transfer real-time pricing data from the Coinbase Spot market to the MT5 trading platform, enabling instant data monitoring and analysis within the MetaTrader environment.

This tool functions as a data bridge, without executing any trades. It uses the Coinbase API to retrieve cryptocurrency spot prices and displays them as price charts within MT5.

Expert Specifications Table Coinbase Spot to MT5

The specifications and features of the Coinbase Spot to MT5 connection service are outlined in the table below.

Quick Overview of the Coinbase Spot to MT5 Service

The Coinbase Spot Expert uses the HTTP protocol to retrieve live data directly from Coinbase servers. This connection allows for the real time transfer of pricing information into MT5.

To establish this connection, manual permission must be granted for WebRequest access to the relevant domain.

Enable WebRequest

Steps to enable WebRequest:

1. From the top menu of MT5, go to "Tools > Options"
2. Open the "Expert Advisors" tab
3. Enable "Allow WebRequest for listed URL"
4. Enter the address "https://api.exchange.coinbase.com" in the designated field

Adding Trading Symbols from the Coinbase Spot Market

To view the chart of a specific symbol from Coinbase Spot in MT5, you must first add the symbol to the "Market Watch" panel.

Follow these steps after running the Expert on a chart:

1. Open the "Symbols" window by pressing Ctrl + U or selecting "Symbols" from the main menu
2. Navigate to the Expert's custom folder at "CoinBase > Spot"
3. Choose your desired symbol from the list and activate it by double-clicking
4. Rightclick on the symbol and select "Chart Window"

Note: Once a symbol is added to "Market Watch," it becomes accessible in the Expert's panel.

Expert Settings: Coinbase Spot to MT5

Adjustable settings within the Coinbase Spot to MT5Expert include:

• Candle count to download (min=100, max=1000): Defines the volume of historical data (in candles) to display when the Expert is launched
• One Symbol, Different Charts, Equal Candles: When enabled, the Expert loads the same number of candles across all open charts of the same symbol

Note:

When the "One Symbol Different Charts, Equal Candle Count" option is enabled, opening multiple charts of the same asset such as Doge/USDT adds symbols like "+" or "++" sequentially to the end of each chart's name (Doge+, Doge++).

In this mode, all open charts display the same number of candles, and each timeframe retrieves its price data independently from the server.

In contrast, when this option is disabled, charts with higher timeframes derive their required data from lower timeframes, eliminating the need for separate data requests from the server.

Conclusion

The Coinbase Spot to MT5Expert is a practical tool for displaying real-time crypto pair prices in the MT5 trading platform.

This trading tool does not execute any orders. It simply utilizes the Coinbase API to retrieve live spot market prices of cryptocurrencies and renders them on MetaTrader charts.