MT5: Multiple Trade on same Pair

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JavaCorpse
10
JavaCorpse  

Good morning everyone,


I am pretty new to MT and after failed attempts to find an answer to my question on the web, I decided to ask directly where the experts are likely to be...


When you place several buy/sell limit for a single currency pair, MT5 seems to merge the trades. how does it work?


For example, if we take the USD/CAD pair. I want to place the following buy limit:


1) Price: 1.2740, SL: 1.2700, TP: 1.2800, 1 mini lot

2) Price: 1.2735, SL: 1.2700, TP: 1.2800, 1 mini lot

3) Price: 1.2730, SL: 1.2700, TP: 1.2800, 1 mini lot

4) Price: 1.2725, SL: 1.2700, TP: 1.2800, 1 mini lot

5) Price: 1.2720, SL: 1.2700, TP: 1.2800, 1 mini lot


Let's assume that the price goes down all the way to 1.2715. All my Buy Limit should have been triggered (and that works, I tested it).


Now, let's assume that the price goes all the way back to 1.2800 (my TP for all of them). What should be my profit? If I add up all the 5 Buy Limit, I should be getting 60+65+70+75+80=350 Pips. Is that the case?


When I tested it, all my Buy Limit became a single order. I am not sure how to calculate my total pip win. How does MT5 works when it merges all my trades like that? Is there a way to force the different trades to stay separate?




Many thanks


PS: and if I put different TP levels, would it work?

Wendel Kerr
0
Wendel Kerr  
Hello, same question a few years later .. any tips?

paul8101 Teanby
166
paul8101 Teanby  
Nguyen Chan:

You must request hedging on your account and then all orders of the same pair will be shown separately.  I also figured that out this week.  You can request it from the chat help or if you log onto your account there is a button to request hedging, or by email.

There may be times when you don't want hedging e.g. when you are adding more and more orders and chasing a trend as it could get messy.  But for one or two orders having hedging enabled is great.


BTW the chat line support guys are really useful for things like this.

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