No more hedging orders NFA – danger of multiple EAs on one account

So you can’t hedge now with US-based brokers of NFA Rule 2-43b. What is also means is that you should not run multiple EAs on the same account if the EAs trade using the same currency pair.

Yes, in the past you can differentiate your orders based on the MagicNumber provided by MQL4. You can even differentiate further using the OrderComment() or some other means. Metatrader will be able to tell which order came from which EA and even be programmed to be independent of each other even though they are running on the same account.

But with this restriction of Rule 2-43, you can’t do multiple EAs anymore unless your EAs operate on different currency pairs. So EA traders, watch out.