MT5 reversal function

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 Hi everybody,

 Is there a reversal function available in MT5 (switching from sell to buy and reversely) without exiting the trade ?

 Thanks and best,

 Boris

 
borko1 :

 Hi everybody,

 Is there a reversal function available in MT5 (switching from sell to buy and reversely) without exiting the trade ?

 Thanks and best,

 Boris

What kind of account are you asking for? Netting or hedging?

 

Hi there,


I have netting one

But what is the difference , exactly ?

 
borko1 #: Hi there, I have netting one But what is the difference , exactly ?

Because on a netting account, as soon as you place a reverse order, it will automatically close out the existing position by the volume of the reverse order.

In other words, on a netting account you can only have one net position, per symbol, at any given time.

To have a reverse position while still keeping the existing one open, you need to have a "hedging" account.

 
borko1:

 Hi everybody,

 Is there a reversal function available in MT5 (switching from sell to buy and reversely) without exiting the trade ?

 Thanks and best,

 Boris

On a netting account, you need to place a market order on the same symbol, on the opposite direction and with a greater volume than the open position (double volume if you want an exact reversal).

So if you have a position like BUY 1.0 lot and you want to reverse it, you have to SELL 2.0 lots.

 
borko1 :

( switching from sell to buy and reversely ) without exiting the trade ?

 

But in any case, you will be exit the first position!

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