MT5 netting model has been released by MetaQuotes.
MetaQuotes, the developer of MT4, MT5 has update MetaTrader 5 beta build 1281 featuring the hedging system.
MT5 now offers Hedged or Netted model for users, hedging is allowed in the hedged accounts.
As everyone know, the hedging one allows conducting multiple trades even on opposite direction of the same symbol.
Since this update, you can now use the netting model to trade exchange instruments and the hedging one for currency trading in MT5.
The hedged accounts are the standard
You might think that what has changed in this case as the most popular platform in the world, MT4 offers hedged model and everyone is able to hedge positions as they want with any brokers.
The point is MetaTrader 5 now offers enhanced order management capabilities which is:
Filling orders using multiple deals, including partial fills
You can set Stop Loss and Take Profit levels, as well as see the profit level for each of the positions.
*MT5 did not have this capability before.
Update your MT5
It is a great news that MT5 is capable of hedging positions just like other platforms.
You can now update the MT5 to the newest version by re-installing or re-opining it, and please set the “Use hedge in trading” option in the dialog window so you can utilize the new option.
MetaQuotes has also updated the user guide with tons of illustrations and video tutorials of the MetaTrader 5 beta version.
You can access to the tutorials by simply clicking F1 key on the platform.
EA testing with MT5
If you are going to test your EAs, you need to consider the followings:
- Subscription to trading signals from hedging accounts does not work
- Trading on a new hedge account works correctly only in MetaTrader 5 build 1281 and later builds
- Some trading robots may trade incorrectly on a hedge account
- Scripts, Expert Advisors, and indicators compiled using the new MetaEditor build will not run on virtual hosting