2 simultaneous opposite trades possible in MT4?

Hi,

I just wanted to know if it is possible to have 2 simultaneous trades open in MT4, or if the second is opposite from the 1st (which is still open) will close it.

Thanks

It depends on what the broker allows, but MT4 has no problem having them both active and open at the same time. Most MT4 brokers allow it.

Thanks Scott,

I am not with any broker at the moment, so I will check before signing up.

This is called hedging and most MT4 broker provides it.

yes true, although I am also interested in trades in the same direction. I am experimenting with an EA and I would like it to be able to place a new trade even when another trade is still open, since this way it won't be missing some good opportunities that appear in the meantime. My backtesting shows that it increases profits so it would be nice to be able to do it.