FF = Forex Faggots
Canadian traders, u guys are seriously lucky with taxes 10 replies
How to Access your Metatrader Platform MT4/MT5 Remotely 5 replies
Reliable and Stable Broker with MT5 platform 3 replies
Seriously, how I can GBP/USD go, is anything possible? 1 reply
Seriously, do forex systems have to be so complex? 11 replies
DislikedIt's only the same if your countertrade is in the same timeframe, which typically is NOT the case. Especially on EURUSD, which IMHO seems to change ideal timeframes in a New York minute.Ignored
DislikedWhy do you think it will be any different if the trade is done in a different timeframe? What timeframe has to do with the positions/orders? Timeframe is a property of chart, not a trade.Ignored
DislikedI think Rossiya might be referring to going over days as opposed to intra-day trading.
Over days, carry trading (interest rate differential and bank charges associated with) can become important in the value of a sell position or buy position and as a result bring a different result to a single net position.
This is normally only important to those that Buy millions of AUDJPY or something similar.Ignored
DislikedI think Rossiya might be referring to going over days as opposed to intra-day trading.
Over days, carry trading (interest rate differential and bank charges associated with) can become importantIgnored
DislikedYeah, that would be different to MT4 in case of an overnight rollover, but actually it would be even better. Because overnight interest on LONG+SHORT of the same amount of the same currency pair is always negative in MT4 compared to zero rate (as you close LONG and don't open new SHORT) in case of MT5, if Rossiya meant the given example.Ignored
DislikedThat being that most traders will benefit from trading different strategies on different timeframes.Ignored
DislikedAnd what do timeframes have to do with the question that was discussed here: namely what does it cost to buy/sell/close x lots at a fixed spread of y?Ignored
DislikedHey, I thought you were already proved wrong on the spread thing back on Post 11, when this picture was posted.Ignored
DislikedYou then replied that without hedging, MT5 doesn't allow you to "trade what you see". That it forces you to both stay at the computer longer and make an analysis on another possible entry point for a long position.Ignored
DislikedYou can set a trailing stop on your counter trade short position (MT4), but you can't exactly make an automated "trailing entry" for your second long position (MT5)Ignored
DislikedAlso, with hedging banned and the FIFO rule in play, you cannot trade two strategies on the same pair. I have one strategy that may tie up a particular pair for almost a full week, MT5 would make it very difficult, if not impossible (no trailing stops for example) to enter my short-term trades during this time. The short-term trades will have different lot sizes and a much smaller TP/SL than the long-term trade. Am I to ignore all my short-term trades on this pair with MT5?Ignored
DislikedWhat if your signals for a counter-trade were extremely positive and you decided to trade this with more lots, but still wanted to keep your long-term trade open since it will still likely be profitable on a longer time-frame, what do you do? You can't put more lots on your second long entry, when the downturn finally completes, because you aren't as confident of it going long.Ignored
DislikedThen there's the whole EA issue.
The way I see it, MT5 still sucks. Don't give up your rampage just yetIgnored
DislikedLike 7bit said, that has nothing to do with the position management in MT4/MT5. That's the problem of strategies and system development which is quite irrelevant to MT5. As it's not different from MT4 on this matter.Ignored
DislikedUh dude it's a pyramid and it's all coordinated, or it falls apart.Ignored
DislikedFor you to say that MT5 has no impact upon my trading deployment is completely asinine. Show me the proof or stop bullshitting.Ignored
DislikedOf course MT5 is throwing a wrench in the works. Who is going to pay for the reprogramming?Ignored
DislikedWho is going to pay commissions for the trades I have to exit because the dominant cycle period changed?Ignored
DislikedFace it, you have no answers you are just lying or you completely incompetent. Either way you have no business even posting on this subject.Ignored
DislikedWho is going to pay commissions for the trades I have to exit because the dominant cycle period changed?Ignored
DislikedAnd with it you can implement the same systems/strategies as with MT4 with the equal or better results. Yes, the implementation (code and the trades) would be different, but the result would be the sameIgnored
DislikedSo yes I have been reliant upon the multi position system of MT4 for parts of my trading. Not as much as first thought. And as shown above this means that my system / strategy cannot be mirrored in its entirety in MT5.Ignored
DislikedIf you look at your MT4 trading (with all its concurrently open trades in opposing directions) from an MT5 perspective, if you continue trading in MT4 as you were used to but at the same time on every entry/exit think about what this would mean when translated into the flat MT5 position system then it will become much clearer that in fact it is not only equivalent from a transaction cost perspective but from every imaginable trading strategie's perspective also.
Maybe it would be a good idea to write an indicator for MT4 [maybe i will do...Ignored
DislikedYou missed my point 7bit.
Firstly, the two opposing entries on MT4, do not have an order of completion, I can't be sure to take the short or sure to take the long as the first trade even though the short in the above case would have been it.
Secondly, however, because these trades do not go to success always, cancelling one and taking the trade on the other is not going to work as often.
This is not about spread payment or commission.
It is about not knowing which trade (and position in MT4) to take first.Ignored