__WaiHuiBang.com 、MT5  MT5 platform can cashback forex used to increase the number of financial products, in addition to foreign exchange, futures, but also can be applied to stocks, options forexdiscountbrokers other financial products Second, MT5 new features are:  21 kinds of time periods to analyze the forexrebatesbrokers 　　70 analysis tools  38 built-in analysis indicators  39 built-in image objects  17 display indicator styles  4 zoom modes  5 trading modes  embedded trading activity report  faster quote analysis and strategy development  provide strategy tester  small capacity historical data (10 years of m1 data only accounts for 10MB, while mt4 in more than 100MB up);  new addition of a depth of market data service (DepthofMarketdata referred to as DOM) to the stock market, for example, DOM service is on a specific stock to provide stock traders with an overview of the current state of the stock market transactions while the foreign exchange market The best forex brokers can provide a mechanism for traders to get an overview of the forex discount brokers from market makers  the new platform has different positions, orders, and trade definitions than MT4 An order is defined as an order to execute a trading operation A requested position refers to the sum of a traders holdings of a financial security. A financial security can only be used to hold one position, so two EURUSD trades that are shown as one each on MT4 are shown as two contracts on MT5, and multiple purchases and sales of the same financial security will be combined into one position  II. listed on the official website, not necessarily the final version of the specifications)  1, the differences between MQL5 and C++:   no class inheritance;   no pointers;   no operator overloading;   no ’goto’ operator;   no triple expressions;  　　2, history test may be multi-threaded, you can test multiple time periods and multiple currency pairs at the same time trading;  3, direct support for keyboard message processing  4, direct Timer mechanism, which means that you do not have to wait for the tick to come start to execute once like mt4, you can precisely execute certain actions at a certain time  III. Bad news  MT5 is not compatible with MT4, in other words: MQL4 language written in MT4 indicators or MT4EA can not be run in the MT5 environment all these have to be re-modified to use, by then everyones rewriting workload should be quite a lot but MT4 will not be so fast to be completely replaced, there will be a relatively long period of time both coexist 　　First of all: MT5 supports four kinds of order execution: Market (market transaction), Instant (immediate transaction), Request (specify the requirements of the pending order transaction), Exchange (I estimate is closed immediately after the opening of the direction of the single way to place orders)   Second: the new trading platform on Order orders, Trade transactions, Position Order volume of these three concepts will have a specific definition, and strictly distinguish each others functions  Order orders. This is a brokerage firm that is safer to execute buy orders and sell orders (probably because the pending order method does not exist slippage it). There are two types of orders:   market and pending (market: pending order forexbonusrebate and the market price is closer to lead to the immediate market price to fill the way it, pending pending orders to fill) In addition there are two special orders - limit orders and stop orders   Trade trading. It refers to the operation is buying or selling. Buy at the market price, sell at the market price, sell at the market price a trade transaction can be a market transaction can also be a pending order transaction  Position order volume. It is the number of market orders or the number of contracts. Long position is a hope that the price goes up and do the buying operation. Short position is a hope that the price falls and do the sell operation, in a margin account can only exist in a position.   The difference between the amount of orders placed on the MT4 platform and the amount of orders placed on the MT5 platform:   In addition to buy orders and sell orders, there are six kinds of pending orders, which are introduced to you one by one:   BuyLimit limit multiple orders: the next buy pending orders, the price of the pending orders should be less than or equal to the market selling price. This type of order is usually when the market price falls to a certain price they pre-set before they will be executed  BuyStop stop-loss single: the next buy pending orders, the price of the pending orders to be greater than or equal to the market selling price, this type of order is usually when the market price rises to a certain price they pre-set before they will be executed  SellLimit limit short single : the next sell pending orders, the price of the pending orders to be greater than or equal to the market bid price, usually, the price is expected to rise to a certain extent will fall to the price we set sell pending orders, which triggers selllimit  SellStop stop short orders: the next sell pending orders, the price of the pending orders to be less than or equal to the market bid price, usually, the price is expected to fall to a certain extent will fall to the price we set sell to a certain extent will rise to the price we set sell pending orders, which triggers sellstop  BuyStopLimit stop-loss single: this way of placing orders is a combination of buystop and buylimit way, he can regardless of the price we want to hang orders and the current price is greater than or less than, as long as we set a price when the market touches SellStopLimit stop-limit short order: this way of placing orders is a combination of sellstop and selllimit way, he can regardless of the price we want to hang orders and the current price is greater than or less than, as long as we set a price when the market touches this price will be executed  MT5 The various types of pending orders in the platform  all these possibilities give you the flexibility to control all your trading activities and to execute almost any trading strategy.   How is it executed?   The displayed parameters of all orders from the platform terminal are sent to an execution server which checks the correctness of the order parameters.   Are all parameters (e.g. margin, number of lots placed, etc.) effective immediately?   If any of the parameters do not meet the requirements, the order will be rejected; if all are correct, a trade will be successfully placed in the execution queue; it will then be sent to the market for execution. (Note: only one order volume exists in a margin account as mentioned earlier)  For example: we now have a position of 1 lot of EURUSD If another lot is filled, then this order volume will increase to 2 lots If the initial 1 lot of EURUSD is closed, then the order volume will close If we only close 0.7 lots, then the order volume will Reduced to 0.3 lots  FillPolicy order form filling method  In addition to the common order execution orders, order trading operation methods can also be set in the MT5 platform to choose these settings make the trader operation to choose the type of order, set parameters more convenient  The above is the difference between the MT5 platform and MT4 platform, however, now the market 90% of foreign exchange traders still use the MT4 platform, the main reason is that MT5 is still in the public test, not put into the market use, so for investors who want to forex trading through MT5 should not easily believe that some platforms provide the MT5 platform for trading, MT4 platform is still the most common foreign exchange market in the foreign exchange trading platform foreign_exchange_bang WaiHuiBang.com