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ryad22
Within 1 year

Is it possible to use Expert Advisors (EAs) for automated trading on Derayah's platforms?

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Derayah
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04-18
United States
WikiFX
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In my experience as a trader, one of my primary considerations when choosing a broker is whether automated trading through Expert Advisors (EAs) is supported. After reviewing Derayah’s offerings, I have serious reservations about their compatibility with EAs. The platforms Derayah provides are their own: the Derayah Platform and the Derayah Global Platform. Notably, there is no mention of support for MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are the industry standards for running third-party EAs. This is a significant limitation for me because most EAs are built specifically for MT4 or MT5 environments. Without those platforms, or at least explicit compatibility with algorithmic trading tools, I cannot confidently set up or run automated strategies as I do with other brokers. Furthermore, I see no detailed documentation, demo accounts, or references to API or scripting support on Derayah’s platforms. In my judgement, this lack of clear infrastructure for EAs increases the risk for traders who depend on automation. Given that Derayah is also unregulated and comes with other restrictions, I approach the idea of deploying automated systems here with caution. Until Derayah officially offers support or documentation for EAs, I would not count it as a viable choice for algorithmic trading. It is crucial for anyone valuing these tools to look for platforms with proven and regulated support for automated strategies.

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