How does the new NFA hedging rule affect MT4?

[Jason Andrus]

This information is coverred in the FAQs for NFA Rules post; however, please make sure you are familiar with how the new rules affect the MT4 platform. Once again, this only applies to accounts with FXCM LLC (www.fxcm.com). Accounts opened through FXCM UK (www.fxcm.co.uk) may continue to use hedging.

Q. I am an MT4 user, how will my account be affected?

A. On May 17th, the following restrictions will be in place to be in compliance with the new rules:

- You will not be able to place Entry Orders in opposing direction of any existing Open Positions
- You will not be able to place Market Orders in the opposing direction of any existing Open Positions
- Pending Entry Orders in the opposing direction of any existing Open Positions held into this weekend will be deleted

*Clients are encouraged to plan their orders/trades and modify EA's accordingly based on these restrictions ahead of the May 17th deadline.

[FXiGoR]

Non-us brokers will not be affected by the hedging rule.

[yonak]

An y advice

[FXAndrew]

you can get around the hedging rule by signing up with a broker outside the US.... like one in the UK... FXCM comes to mind