MetaTrader 5 (MT5) multi-asset trading platforms has launched a beta version with a hedging system, which allows multiple trades of the same trading instrument, including on opposite directions. The new service is available on the desktop version of the MT5 platform, as well as for mobile devices with iOS and Android operational systems.
The mobile version currently allows hedging only for opening demo accounts on the MetaQuotes-Demo server. Brokers will be able to support hedging in MT5 in the near future.
Hedging is supported on the MetaTrader 4 (MT4), which is a predecessor of MT5. However, MT5’s hedging system allows for advanced order management capabilities, such as filling orders using multiple deals, including partial fills. Whenever a trader has an open position for a certain symbol and executes a new deal, a new position is opened, while the existing one remains intact.
Traders can use the hedging model for forex trading and the previously available netting model for trading exchange instruments.
Since the hedging system is available on a beta version of the trading platform, there are certain setbacks. For instance, the service does not work correctly on earlier builds, and some trading robots may trade incorrectly on a hedge account. Moreover, some features (scripts, indicators, and expert advisors) do not run on virtual hosting.
The MT5 is among the leading platforms for trading in forex, contracts for difference (CFDs), options, futures, and equities. It allows users to execute trades in several financial markets and stock exchanges using a single trading account. The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, EAs). It includes advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The MT5 allows four types of order execution – Instant, Request, Market and Exchange.
The MT5 is a product of software developer MetaQuotes, which is also the owner of the MT4 platform. The two platforms are the world’s most widely-used ones. Both platforms have outstanding charting package, auto-trading capabilities and signal copying. The MT5, however, features functions for stock market traders that are not available on the MT4.
MT5 trading is included in the offering of forex brokers WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.
Source: MT5
