When are you planning to move on MT5 ?

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Shehbaz Nawaz
8262
Shehbaz Nawaz  
  • 22% (13)
  • 2% (1)
  • 2% (1)
  • 0% (0)
  • 10% (6)
  • 3% (2)
  • 8% (5)
  • 53% (31)
Total voters: 59
Jose Francisco Casado Fernandez
5158
Jose Francisco Casado Fernandez  
It lacks an option: "I've already done it". Regards.
Keith Watford
Moderator
14426
Keith Watford  

I will move if and when I have time to learn mql5 properly.

While MT4 is still going, I have no immediate need to change.

Marco vd Heijden
Moderator
8370
Marco vd Heijden  
I already did it many times but every time i do, frustration builds quickly and i switch back as fast as possible.
Farrukh Aleem
1909
Farrukh Aleem  
No need for mt5 it lacks hedging capabilities .
Jose Francisco Casado Fernandez
5158
Jose Francisco Casado Fernandez  
Farrukh Aleem:
No need for mt5 it lacks hedging capabilities .

That feature is available in MT5 since April 2016.

https://www.mql5.com/en/forum/53/page17#comment_2431783

List of changes in MetaTrader 5 Client Terminal builds
List of changes in MetaTrader 5 Client Terminal builds
  • www.mql5.com
See the "MQL5 Reference / Standard constants, enumerations and structures / Named constants / Other constants " section.
Alain Verleyen
36527
Alain Verleyen  
Jose Francisco Casado Fernandez:

That feature is available in MT5 since April 2016.

https://www.mql5.com/en/forum/53/page17#comment_2431783

To be more exact, MT5 has always allowed hedging

What was not possible before April 2016 was to open several positions on the same symbol, which is not the same.

Jose Francisco Casado Fernandez
5158
Jose Francisco Casado Fernandez  
Alain Verleyen:

To be more exact, MT5 has always allowed hedging

What was not possible before April 2016 was to open several positions on the same symbol, which is not the same.

Well, I think what Farrukh Aleem meant was the ability to open opposite trades on the same instrument, and MetaQuotes's announcement that I linked above referred to that as well. Although it is clear that the term "hedging" is very broad and can be interpreted from many points of view.

Regards.
Alain Verleyen
36527
Alain Verleyen  
Jose Francisco Casado Fernandez:

Well, I think what Farrukh Aleem meant was the ability to open opposite trades on the same instrument, and MetaQuotes's announcement that I linked above referred to that as well. Although it is clear that the term "hedging" is very broad and can be interpreted from many points of view.

Regards.

Exact.

Forum on trading, automated trading systems and testing trading strategies

"Hedging" in Forex trading -Why do it?

Alain Verleyen, 2017.01.19 17:06

Yes.

  • Hedging is covering your trade(s) (risk) on different symbol(s) (not necessarily on correlated pairs, as this implied Forex). Don't forget that Forex is not the only way to trade, by far. 
  • Locking is what Keith's is describing and which is very widely named, improperly, hedging. And which actually doesn't hedge anything, is dangerous as I explained too, and most probably useless as well described by Keith.
  • Being able to trade different strategies on the same symbol, as described by Amir, is a completely different thing. (Amir can name it hedging if he wants, but it's just plain wrong and confusing). Of course it's easier to do on MT4 or on MT5 with "hedging" account. But it can also be done on an MT5 netting account, though it's of course more complicated.
By the way, it's not what "I" mean, it's all facts. Try to discuss with a Stock or a Futures trader and you will see.

Fernando Carreiro
4699
Fernando Carreiro  
Marco vd Heijden: I already did it many times but every time i do, frustration builds quickly and i switch back as fast as possible.
I know exactly what you mean, but I've been trying to stay the course and keep MT5/MQL5 going, even though the vast majority of my trading (via EAs) is still with MT4/MQL4.
honest_knave
Moderator
2307
honest_knave  
Keith Watford:

I will move if and when I have time to learn mql5 properly.

While MT4 is still going, I have no immediate need to change.

I think many of us are in this situation.

A clear statement from MetaQuotes about the future of MT4 would probably create the necessary impetus to learn faster.

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