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Thread: MetaTrader 5 (MT5)

  1. #11
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    Making MT5 non-hedging is stupid. Just cause the US wants to go that route, no need for everyone else who will be using MT5! The US rule of no-hedging will only apply in principle to the individual trader and not to large institutions, who will hedge from one account to another in their organisation. I am currently writting an EA that will abide by all the NFA regualtions, except I refuse to allow it to work with no stop losses!!! Like a car without seat -belts and airbags!! Okay NFA, all accounts going abroard till you get your senses back!
    Wz

  2. #12
    Senior Member fxtester's Avatar
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    Quote Originally Posted by wizard View Post
    Making MT5 non-hedging is stupid. Just cause the US wants to go that route, no need for everyone else who will be using MT5! The US rule of no-hedging will only apply in principle to the individual trader and not to large institutions, who will hedge from one account to another in their organisation. I am currently writting an EA that will abide by all the NFA regualtions, except I refuse to allow it to work with no stop losses!!! Like a car without seat -belts and airbags!! Okay NFA, all accounts going abroard till you get your senses back!
    Wz
    I agree with you, this non-hedging rule will put an end to Metatrader.

    We have to think about trading platform alternatives.

  3. #13
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    dont worry, most brokers will support booth versions, because they will loss many mt4 (ea/indi/script) traders, with huge amount of money, when only supporting mt5 - so brokers they support only mt5 have to go back to start und build new customer pools...

    further, personal i think, metaquotes will integrate an switch for brokers where booth buy/sells are allowed in the same account - us brokers switches off = no hedging - eu brokers switches on....

    why? no trader uses two accounts at the same broker! result, broker helds the half money...some brokers will be crashing....

  4. #14

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    Now you can download MT5!!! ...... :-))))

    Today the public testing of the MetaTrader 5 (MT5) client terminal starts. All of you now can participate in it. If you want to become the testing participant, just download the terminal and test it.... see more here >>>>>

  5. #15
    Administrator funyoo's Avatar
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    Hi fx1618.com,

    Thanks for the information,

    I have checked the platform, for the moment we can not notice the differences as the strategy tester is not yet available. I have seen some codes, it is quite similar to mql4 except the way to call the indicators. It is nice to see the new timeframes. That's all.

  6. #16

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    Limits to trading strategies imposed by a trading platform are a platform killer. If they insist on following this strategy, I predict that others will easily supplant them.

    On the programming issue, well, it ain't OOP by any stretch of the term. As a guy who has actually designed languages, one of which is embedded in a platform that collects something like 5B USD annually, I do not believe that OOP is needed or even desirable in an embedded scripting language. HOWEVER, if you wanted to do one, the way to go about it is to create a true OOP with a built-in instrinsic object model for scripting. If you can't define a class, or perhaps inherit from a prototype object, then it ain't OOP.

    Oh well. Creative destruction and all that... I wonder if the market will do what has happened in the past when a leading vendor has made bad choices? Will there be an MQL-compatible competitor platform that offers MQL users a choice?

    The worst part is knowing that all work on EAs is now as good as throwaway.

    MM

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