Financial software developer Fx Blue said on Monday it has released an updated version of the Publisher EA (Expert Advisor) for the MetaTrader 5 (MT5) trading platform, which features a hedging capability, which allows users to open multiple trades of the same trading instrument, including on opposite directions.
The Publisher EA for MT5 still supports netting-style, in addition to hedging-style ones, as well as both the 32-bit and 64-versions of the trading platform.
Fx Blue’s Publisher EA uploads trading statements from MT5 to FX Blue Live, its key analysis tool, but is also fully compatible with other EAs. It is more reliable and uses significantly less bandwidth than MT5’s FTP publisher.
The MT5 is one of the most widely-used trading platforms for forex, contracts for difference (CFDs), options, futures, and equities trading instruments. It was developed by Russian software company MetaQuotes. Hedging was introduced to the MT5 in late March 2016, and soon after it became available to the Android and iOS mobile versions of the platform, as well.
MT5 allows, through a single trading account, the execution of orders in several financial markets and stock exchanges. The platform features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The platform allows four types of order execution – Instant, Request, Market and Exchange. The platform is based on the MQL5 programming language and has options for automated trading strategies (EAs) and is available as an application for desktop and mobile devices.
MetaQuotes is also the developer of the MetaTrader 4 (MT4) trading platform. Unlike it, however, the MT5 features functions for stock market traders. MT5 is included in the offering of forex brokers WhoTrades, Exness, FXTM, IC Markets,RoboForex, Windsor Brokers, Admiral Markets, and etc.
FX Blue’s product portfolio consists of web publishing and analysis services, used by traders in over 120 countries worldwide, and software development and services suitable for brokers, traders and developers. Most of the products are available as widgets, including FX Blue results, banners, dynamic and static charts, RSS feeds of open and recently-closed positions.
One of the developer’s key products, FX Blue Live, is a web-based service for analysis of trading results. The service supports the trading platforms MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, Oanda fxTrade, xOpenHub, Vertex FX, and FXCM TS2.
FX Blue previously operated as MT4i, but changed its name in June 2014 after it added support for platforms other than the MT4.