Thread: MetaTrader 5 (MT5)

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

Originally Posted by wizard

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.

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....

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