FF = Forex Faggots
NEW MT5 Seriously Stuffed For Traders Platform
Hey, I thought you were already proved wrong on the spread thing back on Post 11, when this picture was posted.
You 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. You 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)
Also, 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?
What 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.
Then there's the whole EA issue.
The way I see it, MT5 still sucks. Don't give up your rampage just yet
You 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. You 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)
Also, 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?
What 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.
Then there's the whole EA issue.
The way I see it, MT5 still sucks. Don't give up your rampage just yet
- #252
- Edited 12:53am Oct 31, 2009 12:40am | Edited 12:53am
Hey, I thought you were already proved wrong on the spread thing back on Post 11, when this picture was posted.
You 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.
However the above statement is still true if, you have two opposing signals at once in which you do not know which signal will be profitable first.
You 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)
Also, 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?
You need an OCO that will also re-open your long term market order upon contact with the trailing stop.
However, with the TP and and standard SL they simply become the re-entry into your long term trade with appropriately adjusted trade volume.
What 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.
Then there's the whole EA issue.
The way I see it, MT5 still sucks. Don't give up your rampage just yet
It will have to be a lot more specific, like "Sell" or "Buy" this "volume" at this "time" for this "pair" at this "price". This will be the case for opening, closing or pending trades.
Also you may have to have that the pending orders are not actively pending until certain prices are reached first. So yes complexity is signifcantly increased.
However what should be the case, is that all market sell and pending sell orders should be equal in volume to the market buy and pending buy orders at any one time.
However what this may mean is that EAs may have to have their pending orders showing on the platform, which means for the retail market maker who may trade against you will have an advantage. So trade with an ECN or NDD if that is the case.
Uh dude it's a pyramid and it's all coordinated, or it falls apart.
Have you ever written a program?
For you to say that MT5 has no impact upon my trading deployment is completely asinine. Show me the proof or stop bullshitting.
Of course MT5 is throwing a wrench in the works. Who is going to pay for the reprogramming?
Who is going to pay commissions for the trades I have to exit because the dominant cycle period changed?
Face it, you have no answers you are just lying or you completely incompetent. Either way you have no business even posting on this subject.
? Please, don't make yourself look like yet another forum troll.
