MT5 a step backwards?? - page 12
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Not necessarily harder or more difficult, just a bit different.
I know that you are either a "LIAR" or an "INEXPERIENCED" hedger. But heck, I don't get pay to train you. Therefore, keep on doing what you are doing. All I know is that, I will become really rich in the future. Heck, it is my success that is most important. I don't need students.
You fail to answer any of the substantive points I raise, and you SHOUT instead. You can't do the simple arithmetic to work out what a buy order from 1.2000 to 1.5000 is in pip terms. You don't have a history in this topic of posting 1000 lines of code in support of your argument. I'm not really concerned about how credible I appear compared to you.
If there are "EXACT" EQUIVALENCES to HEDGING, then the NFA must be really stupid.
Banning HEDGING is pointless and meaningless if there exist equivalances.
The rumor is that the NFA banned hedging because of the ignorance of US retail investors. There were lots of people who thought it was completely impossible to get taken out by a margin call if they had hedged orders balancing their position, and the NFA got fed up of receiving complaints from these people when their accounts did get taken out. So, the NFA introduced the no-hedging rule on the grounds of consumer protection, because too many retail market participants needed to be protected from their own ignorance.
You fail to answer any of the substantive points I raise, and you SHOUT instead. You can't do the simple arithmetic to work out what a buy order from 1.2000 to 1.5000 is in pip terms. You don't have a history in this topic of posting 1000 lines of code in support of your argument. I'm not really concerned about how credible I appear compared to you.
The rumor is that the NFA banned hedging because of the ignorance of US retail investors. There were lots of people who thought it was completely impossible to get taken out by a margin call if they had hedged orders balancing their position, and the NFA got fed up of receiving complaints from these people when their accounts did get taken out. So, the NFA introduced the no-hedging rule on the grounds of consumer protection, because too many retail market participants needed to be protected from their own ignorance.
Sure, must be one of those smartass "INEXPERIENCED" hedger claiming they know everything about hedging.
Regardless, NFA is banning HEDGING. This means there ARE NO OTHER EQUIVALENCES to hedging.
Else BANNING hedge trades would be pointless. Do you understand English??????
MT4 is not FIFO crippled. It is the new NFA rules that tries to crippled MT4.
MT4 in its original form can be used without major restrictions, also with FIFO and no-hedge alone one can still trade every trading system under the sun but not with Mt4 and FIFO at the same time. FIFO adds restrictions to MT4 that make it incomplete (thats why I call it crippled). MT5 solves this problem.
Consider the following chart:
#stoploss A
#sell A (0.1 lot)
#stoploss B
#sell B (0.2 lot)
<-- current price
This is not possible with FIFO MT4. Not even with pending buy-stops instead of stoplosses. You need MT5 to do this. If they were both of the same lot size you could simply exchange the stops against each other after opening the second sell and after a third sell immediately re-order them again and again and again. But if they have different lot size it gets ugly or even practically impossible. You need to split them from the beginning on into equally sized smaller trades and then have fun rearranging and reordering all these stoplosses immediately after every new trade!
In MT5 I can just use buy-stops instead of the stoplosses and the problem is gone.
MT4 in its original form can be used without major restrictions, also with FIFO and no-hedge alone one can still trade every trading system under the sky but not with Mt4 and FIFO at the same time. FIFO adds restrictions to MT4 that make it incomplete (thats why I call it crippled).
Consider the following chart:
#stoploss A
#sell A (0.1 lot)
#stoploss B
#sell B (0.2 lot)
<-- current price
This is not possible with FIFO MT4. Not even with pending buy-stops instead of stoplosses. You need MT5 to do this. If they were both of the same lot size you could simply exchange the stops against each other after opening the second sell and after a third sell immediately re-order them again and again and again. But if they have different lot size it gets ugly or even practically impossible. You need to split them from the beginning on into equally sized smaller trades and then have fun rearranging and reordering all these stoplosses immediately after every new trade!
Dude, why bother with MT5 when MT4 is perfect as it is. If you are having such a hard time with FIFO, get an oversea account or something.
MT5 is fairly new and most likely have all kinds of bugs and problems. MT5 is not stable like MT4 yet. Besides this, MT5 has beautiful features which
I don't hardly used. Do you buy a book that has neat features like audio playback with video clips?
For me, NO! I want a book with relevant contents for me not a bunch of fancy useless features.
I am not here to be entertain or fascinated; I am here to make money!
Jesus Christ! I thought (or hoped) this topic was behind us...
https://www.mql5.com/en/forum/117708/page5#269081
Jesus Christ! I thought (or hoped) this topic was behind us...
I see jjc has been busy arguing with the village mule.
Family Guy - Like Arguing with a Mule