Hey Guys - this is very simple! If you can solve 2+2=4 then you must understand that hedging is fiction!
5m scalper wants sell 1 lot - do it! Indus long 2 lots - do it! sbs short 2 lots & Gold warrior long 1 lot -do it!
ALL difference between MT4 & MT5 is that MT4 tell you nothing, but MT5 tell you - sorry, your position NOW is ZERO (but he not closing any orders!!!)... you can count this 0 by yourself in MT4... isn't it? If not - I can send you script that tell you the same in MT4...
what is problem? You think that broker opens 3 up & 3 down??? you know that he add 3 & -3... right?
The Main - orders of all your EA's will work fine & (BIG +) you will know resulting position... so what is problem? May be you don't want to know truth? )
Now you agree that hedging is fiction? If not - tell me how you really can buy & sell same thing simultaneously...
Regards, Igor

Hi Lenar,

So is the plan to continue offering MT4 to overseas brokers that want to continue using hedging? Seems like there would be a large amount of hedging and non-FIFO traders left out if MT4 were discontinued.

My dear friend, if I got it well ( and the answer from metaquote guy let me think so) is not a matter of showing the resulting position (2 + 1 - 2 - 1 = 0 in resulting position). If you really need this, a simple ea will do the trick.

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? I'm not asking if you can do 1-1=0. I assume you can.

If you know how mt4 manages positions through magic numbers (otherwise you better try to learn it expecially if you run or intend to run eas live), this should clearify you the situation.

As of the possibility to buy and sell the same thing, if your orders are not piled up but manged with a unique flag, you can do it and it is just what mt4 does at the moment.

Please, everybody. Lets assume that all of us here can do 1 + 1 = 2, ok? And lets have a decent thread discussing about what really can impact on our trading activity, in wathever way we carry it on.

Again: the situation can be managed even with a complex approach as mine is. But it will not be simple nor fast.

I just hope to have the chance to have my hands on new mql5 as soon as possible, in order to try to evaluate the product and, if I decide it is worth it, start to prepare for the change or migrate to other platforms.

Just a last consideration. If this people at metaquote really wants to do something good, they could concentrate on the messy backtesting capabilities of the actual mt4, avoiding messing up with a product that, even with all its limitation, changed the approach to forex market.

Regards

Rob

and I really think metatrader should improve its trading simulation function,I mean, to use the historical data to replay the market...

I got it!!! This MT5 is going to be a huge money maker!!!!!!!!



For those of you smart enough to go buy stock in Ninja trader right now.

Although I agree that MT5 will probably not gain as many customers as MT4 I don't think that Ninja will take the place. If they were such good they would be there already. I expect some new players to appear.

__________________
Lot of pips in black.
Searching for professional MetaTrader programming service? Try http://www.mqlservice.net

Bye Bye Metaquotes (what is goodbye in Russian?) - say goodbye to clients as they move non-NFA/non Metaquotes brokers; that means less fodder for your crooked MT4/5 brokers that you provide devious server side functionality to.

Death to MQL5 platform - and may it be a quick death !........

Hi Guys

All forex traders in this forum must reject Mt5 ,because Mt5 platform makes many problem for us.

Kaveh

well I wouldn't mind net position summary in another tab, showing all opened pairs and just one total position... but this is just for a better reporting and better realtime account status info... not the actual trading...

Lenar, can we hope that this feature will allow us (traders) to build charts regardless of the "broker time" ?
I don't see any more any reason to let the broker decide when a H4 or D1 bar has to start: He is feeding a stream of quotes, we are using charts to analyse this stream.
The charts are OUR tools, and the brokers have nothing to do with the tools we are using, so I think we should have a parametrable offset (to GMT for example, but doesn't matter the reference) to build the charts we want to use.
By the way, we should also be able to merge the Sunday's bars with the Monday's ones if we like to do it.

Another point, as more and more brokers are using floating spreads:
Please look to the picture below, this is a "spread spike" which happened on ODL few hours ago.
I do not say that its a quote manipulation to clean some stops, it can just mean that there was no seller at that time, but you can undersand that this behavior may affect heavily any strategy.
As the charts are in "Bid prices", this information is stored nowhere, so I have two questions :

- for the brokers with "variable spreads", will it be possible to also have an history and charts in "Ask prices" ? I think that this would be more fair...

- As you know, the idea of a StopLoss is to protect a postion from a reversal of the market. Obviously this kind of spike does not reflect any reversal of the market, but the SL are hit and the positions closed. So something is clearly wrong and not working as it should.
That's why several serious trading platforms are offering the choice to set the StoplLoss against the Bid price for a short position or the Ask price for a long position. Here also I think its part of the freedom of the trader to have that choice.

Thank you for your answer,
Best Regards,
Michel

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