http://www.earnforex.com/blog/2009/10/position-system-in-mt5-vs-mt4/ My Forex experience and some Forex related information that might be useful to other traders Sat, 11 Feb 2012 18:14:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.earnforex.com/blog/2009/10/position-system-in-mt5-vs-mt4/comment-page-1/#comment-163076 Andrei Sat, 02 Jan 2010 08:49:34 +0000 http://www.earnforex.com/blog/?p=1843#comment-163076 Please, see <a href="http://www.earnforex.com/blog/2009/10/the-biggest-problem-of-metatrader-5/#comment-163074" rel="nofollow">this commentary</a>. Please, see this commentary.

]]> http://www.earnforex.com/blog/2009/10/position-system-in-mt5-vs-mt4/comment-page-1/#comment-162955 Zdenek Thu, 31 Dec 2009 23:30:05 +0000 http://www.earnforex.com/blog/?p=1843#comment-162955 The issue with position-based trading introduced in MT5 isn't the hedging which is now impossible but the fact, that I no longer can close specific parts (trades) of the position due to the FIFO mechanism dictated by NFA regulation rules (which currently apply for US-brokers only). With MT5 trading system I can't open multiple trades and close them separately in the order I decided, which makes it impossible to keep good trades open as a swings or keep temporarily losing trades and take profits on trades opened meanwhile. Position-based FIFO trading is a heavy-limiting regulation: Why I should close losing trade if I DON'T WANT TO? My strategy is very low-risk and I need the freedom in decision of which part of the position I want to close and when. Without it, the MT5 is completely useless for me and I don't understand why a russian private company created trading platform which is US NFA-compliant only, to be used by brokers and traders around the whole world, brokers that don't adhere to the US NFA regulations and thus don't have to force clients to close trades in in the order in which they were opened - it's a nonsense no.1. That's the main and single most serious issue with MT5. A large number of profitable traders apply multi-position trading strategies (some of them need hedging, some of them not) and those traders will be unable to trade with MT5 and will look for non-US brokers with platforms that allow trade-based trading. I know I will switch my broker once I will be forced to use MT5 and I know at least 20-30 other traders, that will do the same. This is very unfortunate step from Metaquotes side and I can only regret it. The issue with position-based trading introduced in MT5 isn’t the hedging which is now impossible but the fact, that I no longer can close specific parts (trades) of the position due to the FIFO mechanism dictated by NFA regulation rules (which currently apply for US-brokers only). With MT5 trading system I can’t open multiple trades and close them separately in the order I decided, which makes it impossible to keep good trades open as a swings or keep temporarily losing trades and take profits on trades opened meanwhile. Position-based FIFO trading is a heavy-limiting regulation: Why I should close losing trade if I DON’T WANT TO? My strategy is very low-risk and I need the freedom in decision of which part of the position I want to close and when. Without it, the MT5 is completely useless for me and I don’t understand why a russian private company created trading platform which is US NFA-compliant only, to be used by brokers and traders around the whole world, brokers that don’t adhere to the US NFA regulations and thus don’t have to force clients to close trades in in the order in which they were opened – it’s a nonsense no.1. That’s the main and single most serious issue with MT5. A large number of profitable traders apply multi-position trading strategies (some of them need hedging, some of them not) and those traders will be unable to trade with MT5 and will look for non-US brokers with platforms that allow trade-based trading. I know I will switch my broker once I will be forced to use MT5 and I know at least 20-30 other traders, that will do the same. This is very unfortunate step from Metaquotes side and I can only regret it.

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