In this topic, we have some discussion about which of MT4 or MT5 is better to apply various trading style. My opinion is : None - Both. You can apply similar trading styles but differently. What is highlighted by tonny, is that in MT5 you can't hedge and, as an example, challenges me to "open two equal sized trades of different direction in same pair on mt5".
So, I accepted the challenge. Obviously, if you open 2 equals sized trades on the same pair on MT5, both are immediately closed. But I guess, on real live, you don't simply open trades for pleasure to open. Therefore I take a more realistic situation :
Open 2 trades at some price, if price goes in one direction for 5 pips, close the other trade, remaining trade will have a target of 20 pips.
Here what this give with MT4 :
Spread was 0.9 pips.
I don't even open trades on same price in both direction. When the price reach 1.3070, I used pending orders to do same things as SL and TP do for MT4. So I open 4 pending orders:
For the SL & TP of the sell order : 1 buy stop and 1 buy limit. For the SL & tp of the buy order : 1 sell stop and 1 sell limit. If the sell limit if reach I cancel the sell stop (or reverse). If the buy limit is reach I cancel the buy stop (or reverse).
These result in the following deals :
The result is a little different due to some difference in open/close price, but the trades are very similar.
I don't even open trades on same price in both direction. When the price reach 1.3070, I used pending orders to do same things as SL and TP do for MT4. So I open 4 pending orders.
What are you tying to show ? Obviously MT4 and MT5 are very different in order management. Obviously it's easy to open a lot of order with different stops in MT4. Obviously you have to use pending orders in MT5 for manual trading of different orders. And what ? If you don't like that use MT4, no problem with that. Please don't continue to argue about that.
If you have some positive comment on how to work with MT5 (or even MT4), go on, otherwise I already warned you I'm not going to tolerate your spamming posts. This forum is already filled with your posts about "MT5 do not permit hedging ...". This is my last warning.
a little off topic
able to close individual deal instead of the whole position?
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