Yes, hedging mode it is most useful when hedging the risk with counter positions (long/short). Hence the name.
But, it is also very useful for one sided positions only (buys only for instance). Let me give you an example. Typically I'd open 1-2 long positions that can last for days. Than, inside that period I'd have menu smaller long trades (buys) that could take few hours each. Than on top of that I'd have many even smaller positions (scalping basically). With netting, MT5 adds up all those buys into one big fat order and it would take immense amount of work to keep track on all those positions, amounts, entry points, price, exit point, profit etc and to keep partially closing them. Nearly impossible AFAIK.
There is reason why netting is so despised in MT community.
Thank you for response,
Yes, hedging mode it is most useful when hedging the risk with counter positions (long/short). Hence the name.
But, it is also very useful for one sided positions only (buys only for instance). Let me give you an example. Typically I'd open 1-2 long positions that can last for days. Than, inside that period I'd have menu smaller long trades (buys) that could take few hours each. Than on top of that I'd have many even smaller positions (scalping basically). With netting, MT5 adds up all those buys into one big fat order and it would take immense amount of work to keep track on all those positions, amounts, entry points, price, exit point, profit etc and to keep partially closing them. Nearly impossible AFAIK.
There is reason why netting is so despised in MT community.