After the introduction of position hedging futures on the Meta Trader 5 platform, MetaQuotes today announced the latest software update for mobile and tablets devices with iOS operating system.
MetaTrader 5 iOS build 1261 is available currently in the AppStore and as a desktop version of the platform provides access to hedging features. Therefore, investors are given the opportunity to open positions in the opposite directions on a single currency pair or another asset.
Although this solution was perfectly familiar to Meta Trader 4 users, the younger cousin of the software only offered a netting system. When a trader tried to open two different transactions on the same instrument, the platform automatically calculated their net value and closed the active orders entirely or fractionally.
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9 days after the release of the aforementioned function on the MT5 desktop version, iOS device users can now also test them on the real market. Most likely, this will increase the number of brokerages offering their customers access to the latest release of the MetaQuotes platform translating simultaneously into its popularity among traders worldwide.
For each of the open positions on the same asset – regardless of its direction – traders have the ability to set Take Profit and Stop Loss levels and check the profitability of every individual transaction.
However the trading platform developer stresses that hedging is currently possible only via demo accounts that can be opened thanks to MetaQuotes demo server. According to the latest press release, brokers will have the opportunity to support hedging “in the nearest future.” Additionally, the brokerage will decide whether to allow customer to hedge their position – because in some jurisdictions it is prohibited.