{"id":714,"date":"2016-11-21T13:14:16","date_gmt":"2016-11-21T13:14:16","guid":{"rendered":"http:\/\/www.makemoneytradingreviews.com\/?page_id=714"},"modified":"2020-09-22T08:53:18","modified_gmt":"2020-09-22T08:53:18","slug":"mt5","status":"publish","type":"page","link":"https:\/\/www.makemoneytradingreviews.com\/mt5\/","title":{"rendered":"MT5 Forex Brokers"},"content":{"rendered":"
The Meta Trader 5 platform is the new, upgraded version of the MT4. Many clients are hesitant and feel reluctant to upgrade to the new version. The MT4 has established itself as the leading platform, and many clients do not want to give in to any changes. Nevertheless, the MT5 comes with new advanced features, and the other half of the traders is looking forward to it – if they have not switched to the latest version already.<\/p>\n
The MT4 platform<\/a> has been known for a user-friendly and convenient interface, but the MT5 offers additional features like larger icons, a wider range of timeframes, easier navigation, customized indicators, etc. The icons might be bigger, but the charts are smaller with MT5. All in all, the MT5 retains all major features contained in MT4, with a sophisticated touch. It has more advanced technical indicators. It also enables downloading of external indicators which other platforms support. Traders have to make their own choice which platform they like better and whether they want to upgrade to the new version. One thing is for sure; the MT5 is more flexible.<\/p>\n The MT4 has not been available to U.S. citizens for one reason. Hedging is illegal in the USA. For some reason, the CFTC (the US regulatory authority) declared hedging as an illegal Forex activity. As all traders know, the MT4 platform supports hedging, and they have been offering this technique ever since they had first launched. MT5, on the other hand, does not support hedging. The platform finally gets the opportunity to conquer America. That is an extraordinary opportunity to secure a major client-base of willing traders. The MT5 will bring in more clients from overseas, and many US traders can\u2019t wait to get a taste of the European Forex market. Let us quickly remind you of what hedging is<\/a>. Hedging refers to trading in the opposite direction of your initial trade. You buy a position, and at the same time, you put it up for sale by opening another position. In that way, you are hedging your first position and minimize the risk of loss. Many European traders cannot understand why hedging should be illegal at all; it works perfectly fine in all other parts of the world. Many traders rely heavily on hedging and would not want to give that up, not even for a more advanced platform like the MT5.<\/p>\n The MT4\u2019s revolutionized auto trading and trading signals, which contributed to the success of the platform. Many traders rely on the little helpers very frequently. They set their own parameters and leave their trades to be delegated by the software. Now let us take into consideration that MT5 does not allow hedging and how it relates to automated trading. Imagine that you have set two Expert Advisors on the same currency pair independent of each other, employing different strategies and setting different expiry times. Even if this is not directly hedging, it will be recognized as such by the MT5. If it happens, that one enters a buy order and the other a sell order around the same time, MT5 will cancel both. Given that your robots will not be prepared for that, no one knows what will happen and how they will react. It could ruin your strategy and incur significant losses on a single trade. Therefore, fans of MT5 should be careful in setting the parameters to avoid creating an accidental hedge.<\/p>\nThe MT5 Open to U.S. Citizens\/No Hedging<\/h3>\n
Accidental Hedging<\/h3>\n
Trusted Forex Brokers that offer MT5<\/h3>\n