MetaTrader 5 trading platform is designed to trade Forex, CFD and Futures, as well as the stock markets. This gives the opportunity to trade several financial markets and exchanges between accounts, Metatrader 4 hadn’t this option. Also the concept of working with positions changed, new orders were added.
In addition Metatrader 5 is realized Market Watch – stock glass. Stock glass is tabular or graphical display of current sentiment in any market. Otherwise, it is called the “Window of applications”.
In practical terms, the stock glass will be useful for both short-term and mid-term traders and scalpers. Using a glass, you see not only the graph of historical prices, but also real market mood at the moment.
MetaTrader 5 (MT5) now has a drastic difference compared to the MT4 in concepts such as position, transaction and order. Now each traded instrument has only one position. Now order is an order for trading execution, resulting in the transaction formation. The position is the sum of the positions that are opened on a particular instrument.
It is easy to guess that the locking will now be prohibited. If the trader for a long time keeps two opposite positions, it will lead to the fact that its funds may fall below the required level of security deposit. Moreover, if the spread of currency pair will rise, which may occur with increasing volatility in the market or in the preparation of Forex dealer to important market events, customer’s deposit may decrease even more rapidly. If an increase in deposit spreads will not meet the minimum requirements for the deposit, the account may be closed (margin call) at an unfavorable price for the client, despite the fact that the exposure risk for the customer is zero.
This strategy also creates opportunities for abuse. Forex broker can advertise this strategy inexperienced customers to earn additional spreads. Experienced customer can use this scheme to money launder, incurring losses deliberate on current costs. Accounts managers can use it for fraud and deceit of their clients.
Thus, Metatrader 5 developers had pretty good and proper reasons for changing work with orders.