Quote:
Originally Posted by aurigafx
My dear friend,
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With mt5 (and nfa compliant mt4 brokers) If you open 1 lot buy with an ea and then, on the same pair you open 1 lot sell with another ea or manually, you will not have only a resulting position showed by the platform.
the 1 lot sell WILL CLOSE the one lot buy and the resulting position is not a simple report of a +1 -1 position, is reprorting that on that pair you have NO POSITION at all. This is the meaning of NO HEDGING, my friend.
Is it simple enough?
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Regards
Rob
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My dear friend,
I think about it several years ago too... when I deside to go to non MT4 broker (to nfa compliant broker)...
I had many EA's writing by myself and I deside to count in detail - how will thay work... result was VERY simple - there naven't any difference!
You must count it by yourself and you'll see - any combination of "hedging" orders may be counted as one-direction position at every moment...
After I understand it - it was very simple to me to trade with MT4 with nfa compliant broker... Now I seccesfully trade more that year with Oanda through MT4 and really happy...
If you see in MT4 two orders +1 and -1 it's equally closed position + 1 prepaid spread!
What mean this prepaid spread? It's mean that you MUST trade this pair even if you deside it's useless for you!
Just try - connect MT4 trough API to any nfa compliant broker and you will see - ALL your EA's will work fine... and in many cases you will pay less spreads!!!
Why NFA restrict "hedge"? Because it's FRAUD! It's very usefull... for brokers
Just imagine - if tomorrow brokers gives you possibility trade not only up & down, but left & right too - will you use it???
)
P.S. I more than shure that MT5 left order execution the same: you will see your lovely +1 & -1 but adds ones more line - "total" = 0...
If you will need help with lunch your EA's on REAL (==nfa compliant broker) contact me anytime...