The FXTM has become one of the first to launch the long-awaited MT5 trading platform with the option of hedging. The position accounting system will enable traders in Nigeria to perform oppositely-directed deals on a single symbol on real accounts in the fifth generation platform.
Hedging allows FXTM’s clients to open multiple positions per symbol, including oppositely-directed ones. With the ability to open ‘locked’ positions, traders can now implement more sophisticated trading strategies which can respond to both negative and positive price movements. Traders can also use the new ‘close-by’ feature for closing open positions in hedging accounts, allowing them to save on spreads.
A statement from the firm explained that the latest version of the MT5 platform additionally offers the ability to evaluate robots and indicators as close to the real conditions as possible, giving traders’ extra insight to enhance their trading strategies.