Can the API be used on MT5?
I'd like to use the Deriv API and serve the data on my own Meta Trader 5, where my clients open accounts with me, and fund their accounts with me.
Essentially I want to be my own broker, drawing data from Deriv.
1. Does the API allow this?
2. Can I serve Synthetic Indices as well?
3. How to I mirror the trades so that I act as an A Book broker, and make my profits on the spread/commission, and Deriv provides the liquidity
Essentially I want to be my own broker, drawing data from Deriv.
1. Does the API allow this?
2. Can I serve Synthetic Indices as well?
3. How to I mirror the trades so that I act as an A Book broker, and make my profits on the spread/commission, and Deriv provides the liquidity
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Answers
Beyond MT5, there is another option for you to earn commission from people using your platform on Deriv:
Build a site/app powered by Deriv API and offer exclusive strategies automation and money management.
People will logon by a redirect system to allow mirroring trades made on your site directly to their own demo/real account.
An example of those "mirrored" platform used by many people is following:
https://www.youtube.com/watch?v=S2J0WeURymI
https://www.binarybot.online/
> Beyond MT5, there is another option for you to earn commission from people using your platform on Deriv:
> Build a site/app powered by Deriv API and offer exclusive strategies automation and money management.
> People will logon by a redirect system to allow mirroring trades made on your site directly to their own demo/real account.
>
> An example of those "mirrored" platform used by many people is following:
>
> https://www.binarybot.online/
Where does one find these "exclusive strategies automation and money management"
Offering "Exclusive strategies" is only a suggestion because most people just want to push the "play" button and not spend time developing their own strategies. You may login to the above site with your Demo Account just to understand how that guy created his own platform based on Deriv API and he offers strategies that he created by himself or copied from other people on youtube, etc.
His GitHub: https://github.com/binary-ex-machina
I tried to use his platform on Demo, and also suggested him to add a money management for recovering loss called "SorosGale" and he did so. But I ended choosing to build my own system for personal use only in my own computer. I don't feel safe using any strategy that was not backtested on at least one year history data.