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MetaTrader 5
Started:October 23rd, 2011 (12:43 AM) by shodson Views / Replies:1,998 / 4
Last Reply:November 12th, 2012 (03:46 PM) Attachments:0

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MetaTrader 5

Old October 23rd, 2011, 12:43 AM   #1 (permalink)
OC, California, USA
Futures Experience: Advanced
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shodson's Avatar
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MetaTrader 5

Is anybody using MetaTrader v5 in live trading? It's been around for a while but not very many brokers support it. Why? When will they?

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Old October 23rd, 2011, 12:45 AM   #2 (permalink)
Trading for Fun
Singapore, Jurong West
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Platform: Metatrader
Broker/Data: OANDA
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shodson View Post
Is anybody using MetaTrader v5 in live trading? It's been around for a while but not very many brokers support it. Why? When will they?

Maybe cause its such a hassle to convert the mt4 indicators into mt5.

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Old November 29th, 2011, 01:06 AM   #3 (permalink)
Trading Apprentice
Delhi, Delhi/India
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Forex
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Yes, there is some doubts in brokers' mind for MetaTrader v5 and most of the brokers are well familiar with Meta Trader 4 therefore they are not switching to MT5.

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Old March 6th, 2012, 05:12 PM   #4 (permalink)
Elite Member
Hamburg, Germany
Futures Experience: Intermediate
Platform: Ninja Trader, MT4, MT5
Favorite Futures: Forex
Posts: 2 since Feb 2012
Thanks: 1 given, 1 received

I am using MT5 for my Life Account.

My Best fiveticks

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Old November 12th, 2012, 03:46 PM   #5 (permalink)
Auckland, New Zealand
Futures Experience: Master
Platform: MetaTrader
Broker/Data: Pepperstone
Favorite Futures: Forex
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Posts: 21 since Oct 2012
Thanks: 8 given, 25 received

MT5 doesn't allow hedging, MT4 does

Futures Edge on FIO

What happens to the S&P 500 when a new President takes office?

MT5 doesn't allow hedging. It will only hold one position of the same currency.

MT4 does allow hedging. You can hold multiple positions of the same currency, including both long and short simultaneously.

It is my understanding that hedging is not allowed in the US and that it is everywhere else. If you are not in the US MT4 is preferred because hedging is a very useful function. Sometimes you want to be holding two positions of the same currency and when you do it's better to keep the trades entirely separate with different entries, stops and targets.

I think this is the main reason that traders outside of the US do not tend to move to MT5.

Cheers Rach

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