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We`ve changed the trading system to make MetaTrader 5 compatible with other markets, where such system is a standard. Please keep in mind that MetaTrader 5 allows working on the much wider range of markets, than MetaTrader 4. And that was a reason to rewrite the trading system totally.
Excuse me, but you probably missed my point. Rewriting the language rules is not the point (by the way, I consider the backward incompatibility with mql4 a "shot on your on foot"). The point was that deleting the possibility to handle every order on its own without matching them, will make running complex strategies impossible (and the cost will raise for the trader, dear NFA).
Just to make an example:
Let's imagine that I have a strategy that is working on a daily timeframe and is 1 lot long on eurusd. At a certain point, a strategy working on the same pair on 5m timeframe goes short of 1 lot (both on the same account).
With mt4 I'll have 2 positions that will be managed by the two different sistems. When 5m strategy hits its target, tp or sl, it will close the position letting the d1 strategy run on its own. With mt5, +1 lot - 1 lot = 0 lot. Position closed and flat.
I do understand that you want to widen the markets tradable by the platform, but the way you choosed is wrong for us traders, good for brokers that will still another traders weapon (expecially automated traders) to try to make money on the market.
Nothing, as far as I know, prevent brokers (and mt5) to continue using the same order management, at least on forex. It is a choice, witch i do not like for the reasons exposed.
If you do not agree on this very point, I would really like to know the reasons.
Nothing, as far as I know, prevent brokers (and mt5) to continue using the same order management, at least on forex. Rob
As far as I know only brokers in the U.S. can not use the old structure. There is still the possibility to trade in other countries and Metasquote seems to kill this possibility. Maybe bacause NFAs comrades are not happy with traders leaving their US brokers...
Stop complaining. You should be using Metatrader for the free data which you can save in a database (MySQL or postgresql)and for executing your signals. You should be developing your systems in C++, Matlab or a solid platform that has been around for a long time such as Amibroker, NinjaTrader, SmartQuant etc. All these are cheap and are EXTREMELY flexible in the things you can do with them. Not to mention that they are very stable, updated regularly to keep up with technology (multi-core utilization etc etc). Metatrader's capabilities (I am talking about the new to come metatrader 5) are good if we were stuck with 1990s technology it is almost 2010!! Besides, none of you are making any money consistently because you keep writing useless indicators that are all a variant of the first or second derivative of price.
Get with the program, read papers in the Quantitative Finance section of the physics archives and do something constructive.
Stop complaining. You should be using Metatrader .... >cut
I do not know now to whom you are refering to and probably you are right that there are more advanced trading platform around, but what exactly all this consideration has to do with the hedging issue?
The hedging issue itself has nothing to do with platform. It is a regulatory issue. If you want to be able to backtest hedging trades, use a more flexible platform that will allow hedging backtests. The Metaquotes guy himself said that the platform is mainly for executing trades and not doing quant work. If you want to do quant work see my previous post. If you are just masterbating, don't complain.
Quote:
Originally Posted by aurigafx
I do not know now to whom you are refering to and probably you are right that there are more advanced trading platform around, but what exactly all this consideration has to do with the hedging issue?
We`ve changed the trading system to make MetaTrader 5 compatible with other markets, where such system is a standard. Please keep in mind that MetaTrader 5 allows working on the much wider range of markets, than MetaTrader 4. And that was a reason to rewrite the trading system totally.
The MT4 vs MT5 is sadly comparable between Windows XP vs WIndows Vista compatibility problem which make most user sticking to Windows XP. Even Microsoft learn their lesson when developing new OS, Windows 7.
Thanks to Trakht for the ProTrader info. Always good to have options.
In the end, user (public, not broker) power dictates.
The hedging issue itself has nothing to do with platform. It is a regulatory issue.
No it is not. There is not only US in the world. Did you know that?
If you want to be able to backtest hedging trades, use a more flexible platform that will allow hedging backtests.
Hedging backtest helps, but what I need is hedging trading.
The Metaquotes guy himself said that the platform is mainly for executing trades and not doing quant work.
Not in this thread;
If you want to do quant work see my previous post. If you are just masterbating, don't complain.
My dear friend, I really think you have to calm down.
- I think I've explained my point quite clearly, and it has nothing to do with quant.
- This thread is about MT platform, witch I will continue to use or not to use if and when I'll decide so. I'll surely give a serious look to other platform.
If you don't like what I write, just ignore me and stop with this nonsense.
The hedging issue itself has nothing to do with platform. It is a regulatory issue. If you want to be able to backtest hedging trades, use a more flexible platform that will allow hedging backtests. The Metaquotes guy himself said that the platform is mainly for executing trades and not doing quant work. If you want to do quant work see my previous post. If you are just masterbating, don't complain.
My dear friend, I really think you have to calm down.
- I think I've explained my point quite clearly, and it has nothing to do with quant.
- This thread is about MT platform, witch I will continue to use or not to use if and when I'll decide so. I'll surely give a serious look to other platform.
If you don't like what I write, just ignore me and stop with this nonsense.
Thankyou
Rob
Yeah, You're right. The hedging were only banned by NFA and not others. All non-US broker is not affected by the rules set-up by NFA.
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