FRZ MT4 Binance Trader is an MT4 EA tool designed to trade on Binance from MT4. You can simply connect to our Binance account with an API key and make trades on Binance from your MT4. You can trade both spot market and the futures (USD-M) market with this tool. You simply need a Binance API & Secret key to use this tool.
The interface is quite simple; you first need to select the market – spot or perpetual (futures). Then select the order type and add the other parameters as applicable for your order type.
How to Video
Following order types to be accommodated on MT4 for Binance:
Market orders: A market order lets you purchase or sell a financial asset instantly at the best price currently available. Market orders take prices from limit orders on the order book. This means you can’t be 100% sure of the price you will get. Slippage can occur when you get a price different from what you expected.
Limit orders: A limit order is an order that you place on the order book with a specific limit price. The limit price is determined by you. The trade will only be executed if the market price reaches your limit price (or better). Therefore, you may use limit orders to buy at a lower price or to sell at a higher price than the current market price.
Stop Limit Orders: A stop-limit order combines a stop trigger and a limit order. You can strategically place stop-limit orders by considering resistance and support levels and the asset’s volatility. In a stop-limit order, the stop price is the trigger price for the exchange to place a limit order. The limit price is the price at which your order will be placed. You can customize the limit price, which is usually set higher than the stop price for a buy order and lower for a sell order.
Stop Market orders: Similarly to a stop-limit order, a stop-market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.
Given below are the type of orders and their
|Order Type||Volume**||Limit Price||Stop Price||TP Price*||SL Price*|
*TP/SL: Take-profit, stop-loss may not work with the hedge mode; also TP/SL may be implemented as opposite trades where it is not possible to make the same via the API.
**Volumes need to be in line with the Binance minimum rules
How to Install
Upon purchase you will get FRZ MT4 Binance Trader EA file (.ex4 file) and a DLL file. Simply place the ex4file under experts folder and .dll file under Libraries folder which is in the MQL4 folder (The DLL file is the same as what you get if you purchase our Binance Charting Module):
How to Get Binance API
Go to your Binance account. Move the cursor to your profile icon and from the drop down list, select “API Management”. Then create an API with an API key and a Secret key. We will need to enter these two keys under EA Setting.
Also you need to enable Spot & Margin trading and Futures trading.
You need to add the API and Secret keys under the EA settings when the EA is loaded to any active chart on MT4.
|Product name||FRZ MT4 Binance Trader|
|Product type||MT4 Expert Adviser|
|Crypto exchanges / markets supported||Currently supports only Binance exchange only. Spot and Futures (USDS-M) supported with selected order types.|
|Time frames supported||Any|
Sunil H –
This is cool; never though I could trade Binance from MT4.