MetaTrader 5 Client Terminal - Page 11

kamuta-fx · #**101** (**permalink**) 06-29-2009, 09:57 AM

Quote:

Originally Posted by aurigafx

My dear friend,
...
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?
...
Regards

Rob

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...

wolero7 · #**102** (**permalink**) 06-29-2009, 10:13 AM

I just imagine the number of work that has been done on the mt4 platform.Does it mean that all indicators and experts coded on the mt4 platforms will have to be recoded again into mt5?This would really be a whole lot of problems and work.Please why dont't you make it easy to convert mt4 platforms to mt5 platforms.dont allow clients to go through rigorous overhauling.

Lenar, Do something about this.

What made microsoft great was easy use of their technology.you guys may be loosing clients if you're not careful.we all are open to change but not one that would not cynergize with its predecessor.

Invicible_kid · #**103** (**permalink**) 07-09-2009, 04:34 AM

Quote:

Originally Posted by wolero7

I just imagine the number of work that has been done on the mt4 platform.Does it mean that all indicators and experts coded on the mt4 platforms will have to be recoded again into mt5?This would really be a whole lot of problems and work.Please why dont't you make it easy to convert mt4 platforms to mt5 platforms.dont allow clients to go through rigorous overhauling.

Lenar, Do something about this.

What made microsoft great was easy use of their technology.you guys may be loosing clients if you're not careful.we all are open to change but not one that would not cynergize with its predecessor.

I agree and vote for you! This situations might help alot if any metatrader programmers leaks some info about the backward compatibility of MT5 languages. WE REALLY NEED BACKWARD COMPATIBILITY for OUR INDICATORS if our broker insists us to move to new MT5!!!

hechtd · #**104** (**permalink**) 07-10-2009, 06:06 PM

Does anyone know the future of MT4? I've been noticing some ("small") talk about MT5 out there and would like to know if anyone else has as well and what that migh possibly mean to our EA's. Would they all need to be rewritten?

Please, keep in mind that I have not heard anything that would lead me to believe this will happen tomorrow or next week or next month, so in the immortal words of Douglass Adams "DON"T PANIC".

Thank you..

Jason Rogers · #**105** (**permalink**) 07-14-2009, 08:32 PM

Quote:

Originally Posted by hechtd

Does anyone know the future of MT4? I've been noticing some ("small") talk about MT5 out there and would like to know if anyone else has as well and what that migh possibly mean to our EA's. Would they all need to be rewritten?

Please, keep in mind that I have not heard anything that would lead me to believe this will happen tomorrow or next week or next month, so in the immortal words of Douglass Adams "DON"T PANIC".

Thank you..

Don't panic is probably the best advice. MT4 will still work after July 31, but your EA will need to be made compatible with first in first out closing. The information I have seen from Metaquotes indicates (as expected) that the platform will require the first order opened for a symbol to be the first order closed. Adding a stop or limit to one order will add the same stop or limit to all positions for that symbol.

hechtd · #**106** (**permalink**) 07-14-2009, 11:41 PM

Quote:

Originally Posted by Jason Rogers

Don't panic is probably the best advice. MT4 will still work after July 31, but your EA will need to be made compatible with first in first out closing. The information I have seen from Metaquotes indicates (as expected) that the platform will require the first order opened for a symbol to be the first order closed. Adding a stop or limit to one order will add the same stop or limit to all positions for that symbol.

Jason,
Thank you for the information. I do appreciate it. But with all of the “Gotcha’s” that the NFA has chosen to throw at us to take us out of the Forex Business, (Obama by chance?)

.

I have decided to take my Forex trading to Switzerland (TADA) where the NFA as no authority. They still allow Stop Losses, Hedging and no “First in First Out” rules.

I’m surprised that no one else has considered this. There are several comments on how reliable they are as a broker here in this forum.

I’m going to test the waters with a small account to start out with. RAS works well in their version of MT4 and the trader that I am subscribed to seems to make good and sensible trades that have never let me down.

Thank you again.

Doug