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The fundamental difference between MetaTrader 5 and the prev

by liteforexpage

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The fundamental difference between MetaTrader 5 and the previous version of the popular Forex trading software with automated buy feature – MetaTrader 4 - is in an ability to work on various financial markets and liteforex page. Now traders can execute transactions not only at Forex, but also work with options, futures and stocks. MetaTrader 5 Forex trading software with automated buy can also be used for an electronic trading system (ECN) appliance.

 

The advantages of MetaTrader 5 Forex trading software with automated buy feature:

 

1) Market Depth (exchange glass)

In addition of MetaTrader 5 Forex trading software with automated buy there is realized Market Watch - stock glass, but watch it live as long as possible. Exchange glass - a table or a graphic display of the current sentiment in any market. Otherwise it is called a "window of applications."

In practical terms, the exchange glass may be useful for short-or medium-term traders, as well as pip calculator. Using a glass, you see not only the schedule with historical prices, but the real sentiment of the market at the moment.

 

2) Working with a orders MT5

In terms of opening orders in MT5 Forex trading software with automated buy there are a lot of innovations. In addition to general rules of execution of orders given by the broker, the trader can specify additional conditions in the "Execution Policy" (valid only on the stock market), Window Installation order. 

 

3) All or nothing (All or None)

When referring to such conditions, the transaction can be effected only in a specified volume and costs equal to or better than specified in the warrant. If the market is currently not present enough of a financial instrument, then the order is not executed.

 

4) Withdraw the balance (Cancel)

In this case, a trader agrees to make a deal at the most affordable on the market volume in the range specified in the warrant and at a price equal to or better than this. In this case, the missing amount of additional applications is not exposed.

 

5) Return (only for deferred execution)

When referring to this condition the trader agrees to make a deal at the most affordable on the market volume in the range specified in the warrant and at a price equal to or better than this. At the same time on the missing amount will be put further application at the price specified in the warrant. Add the number of pending orders - they are now six:

 

Buy Limit – the mentioned feature which makes MetaTrader 5 so popular Forex trading software with automated by.Read more articles from this author: Online Forex Trading System Involving Futures. Such orders are set to buy at the price of «Ask» equal to or higher than the price specified in the order. The current price level is higher than the value specified in the warrant. Usually, orders are placed with the expectation that the price, having fallen to a certain level, will increase.

 

Buy Stop - trading orders to buy at the price of «Ask» equal to or better than the price specified in the warrant. The current price level is lower than the value specified in the warrant. Usually, orders are placed with the expectation that the price reached a certain level and will continue to grow.

 

Sell Limit - trade order to sell at the price of «Bid» of equal or better than the price specified in the warrant. The current price level is lower than the value specified in the warrant. Usually, orders are placed with the expectation that the price, start trading here, having increased to a certain level, will fall.

 

Sell Stop - trade order to sell at the «Bid» price equal or better than the price specified in the warrant. The current price level is higher than the value specified in the warrant. Usually, orders are placed with the expectation that the price reaches a certain level and will continue to decline.

 

Buy Stop Limit - this kind of order combines the first two types, as a stop order on the installation of a limit order to buy (»Buy Limit»). As soon as the future price «Ask» reaches the value specified in the warrant will be issued an order «Buy Limit» at the level specified in the warrant. The current price level is less than the price at the attainment of which will be set pending order.

 

Sell Stop Limit - this type of order is a stop order to set a limit order to sell (»Sell Limit»). As soon as the future price «Bid» reaches the value specified in the warrant will be issued an order «Sell Limit» at the level specified in the warrant. The current price level is greater than the price at the attainment of which will be set pending order.And also add him to friends at this broker. And the price of a pending order above installs it.

 

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