It seems most traders are aware of the disdain for systems that attempt to ‘hedge’ by buying and simultaneously selling the same pair. Not attempting to defend or disparage those systems here, nor would I really like to discuss that topic. I would just like to know which popular platforms can handle a long/short position on the same pair.
Currently I am learning NinjaTrader and C#, as I was told NT has excellent back testing capabilities. However, I just learned that NT cannot handle a long/short position on the same pair but MetaTrader can. I don’t know if this information is true though.
AFAIK using NinjaTrader the only way to place a hedge is by opening a position on a second account.
MetaTrader will support direct hedging as long as your broker allows it. Otherwise you can do so via the same method as above, opening your hedge position on a second account (or a sub-account as in Oanda).
Thanks. If I wanted to use NT to autotrade I guess I need to find out if I can control 2 accounts simultaneously with one NinjaScript. Or maybe I can have 2 NinjaScripts running simultaneously. Hmm. It does sound like I should go ahead and invest some time learning MT too.