MetaTrader 5 Trading System
October 20th, 2009
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The trading system in MetaTrader 5 differs from that of MetaTrader 4 in its basics. First of all, four types of trade operation execution are supported in MetaTrader 5: Market, Instant, Request and Exchange. Secondly, the new terminal accepts the strict delimitation between the notions of Order, Trade and Position.
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Categories: MetaTrader General All or None, ask price, Bid price, Buy Limit, Buy Stop, Buy Stop Limit, Cancel Remains, dealer, EURUSD, Execution, Fill Policy, Market Order, Metatrader 4, Metatrader 5, MT5, order activation, order execution, order types, Orders, pending order, Pending Orders, Position, Return, security, sell limit, Sell Stop, Sell Stop Limit, stock exchange, Stop Loss, Take Profit, Trade, trading system
The new Metatrader 5 platform and the MQL5 language are nearing the end of development and will be probably launched in fall 2009. MT5 will replace MT4 and the new code is completely written from scratch. The bad point is that MT5 will be not compatible with MT4. This means that every indicator and expert advisor needs to be rewritten to work with the Metatrader 5 platform.
