metatrader 5 and metatrader questions

[David Yew]

Hi!

1. Will there be MT5 source code generation in the roadmap?

2. Will there be code generation for MT4 on those indicators that are currently still not available for MT4?

3. Is there a way to consider overnight holding cost for the builder?

regards,

David Yew

[MikeBryant]

1. Not currently planned.

2. Possibly, but not in the next release.

3. If you're referring to costs such as margin for futures, that's outside the scope of the program. Any detailed money management analyses should be done externally, such as in a program like Market System Analyzer (MSA), which is designed for that purpose.

[David Yew]

Hi Mike,

I am referring to overnight funding, e.g: https://www.ig.com/en/charges.

[MikeBryant]

Yes, that's the same thing. My point of view for strategy building is simple: when building trading strategies, focus on the strategy logic. If you try to bring in everything else, such as position sizing and money management considerations, it can become difficult to disentangle the different factors influencing the results you're seeing. That's why I always recommend using a fixed position size or a fixed dollar amount per trade, either of which you can do in Builder. Account size, holding costs, and other such considerations shouldn't be factors in the process of finding the best strategy logic. Once you have that, as I said, you can use a different tool, such as MSA, to add the account-related aspects and do a portfolio-level analysis of everything.