The MetaTrader 4 trading system · 3 execution modes · 2 market orders · 4 pending orders · 2 stop orders and a trailing stop. The HotForex MultiTerminal platform is a practical and convenient way to manage multiple trading accounts simultaneously from a single interface. MT4 Multiterminal is the ideal tool for traders wanting to handle multiple MT4 accounts from 1 single terminal with ease using 1 Master Login and Password. MT4. TRADE ONLINE PLUS 500 FOREX Out of these, view Every time routine, then when Email required Address all modifications were. A user can working with chat August 28, George Spiers August 28. How to capture next changeset in.
Multiple instances of MT4 grow your online retail foreign exchange speculative traders on a large scale by automating your trading and doing several necessary actions on your behalf. That is why all the traders want to know how to install multiple instances of MT4 in one place to make the most of its capabilities. On the other hand, it can cause problems if there is a lack of VPS resources to support multiple MT4 instances.
The big goal to install multiple mt4 accounts are the significant advantages it offers. Give yourself a better chance at the Forex market by hosting your trading platform right next to your broker. Generally, three factors are essential for Forex traders to be successful in installing multiple instances of MetaTrader It lets you log in to different MT4 accounts from one broker at once when establishing multiple instances of MetaTader4. The second factor leads to trade copying which helps you mirror the actions from one MT4 account to other MT4 accounts.
It enables you to run multiple expert advisors strategies by installing many MT4 terminals. The exciting fact here is that you can successfully go through the step-by-step guide of installing multiple mt4 accounts at a glance.
Download the MT4 installer and run the IG4 set. Click on the Browse option to create multiple folders to install each terminal separately in different locations. Note: you need to pay attention to each number at the end of each path to recognize the number of Mt4 installation accounts. When you have done the copy process for multiple instances of MT4 folders, you should run each terminal separately and set it up correctly.
Note : it is normally done from the terminal window. The best way to find your VPS server might take time to have the right decision of configuring it with the exact number of MT4 accounts. This is another crucial step when starting your Forex trading based on multiple instances of MetaTrader 4. Meta Trader was first launched in ; it was mostly a get-rich-quick method with foreign exchange brokers who serve their clients with the software. There is no limitation, and you can create as many accounts as you need to develop your performance level and quality.
Also, with powerful high capable Forex VPS hosting, you have everything you need to optimize automated Forex trading. MetaTrader 4 MT4 is an online trading platform designed to meet the needs of Forex traders to analyze the foreign exchange market intensely. In comparison, MT5 is commonly applied in Stocks and Futures markets.
All you should do is install multiple instances of MT4. You can do likewise on the same broker account. After installing MetaTrader, you should register with a broker. Your email address will not be published. Finding a functioning web server could be sometimes tricky, especially if Save this information for future reference.
Repeat the same steps for each MT4 terminal to make them all ready for use. Also, a quite important thing to mention is that MT4 does not allow you to attach more than one Expert Advisor to the same chart , but you can always open an additional chart window of the same currency pair and attach additional Expert Advisors to it. However, there will always be a limit as to how many of them you can use at the same time, and this depends on your computer specifications.
With a regular VPS server or computer, you should be able to run at least platforms at the same time. The actual number is up to you. Just keep an eye on how your computer runs as you launch additional platforms. If you see a significant slowdown in performance, mouse cursor freezing, or any weird stuff going on, you might want to close one or two MT4 platforms and see if this helps. They serve a purpose to host the MT4 platform, but you are limited a lot and cannot do much other than just host MT4.
You are limited to how many log files you can read which can be quite a big problem if you need to investigate some error or misbehavior of Expert Advisor. If you use trade copier software on each MT4 platform, then you might be able to run fewer platforms on the same VPS accounts.
Here are the Metatrader 4 minimum system requirements that will help you choose a VPS server:. I use VPS servers from www. My good friend runs this company, and honestly, they are doing a great job. They are growing every year and are truly committed to their business. I have been using their VPS and dedicated servers for about eight years or so, and I am quite satisfied.
I used to own quite a lot of VPS servers with them until I switch to expensive and very powerful dedicated servers , and their system specifications were as follows:. I run platforms on each server and have zero problems. I believe I could have even more, but I like to have some free resources available. To open Windows Task Manager , you need to right-click on the taskbar usually located at the bottom of the screen and choose Task Manager. In theory, there is no limit as to how many MT4 terminals you can run on a single machine; the limit comes from the actual hardware specifications.
On an average computer, you should be able to run at least four platforms with no trouble. Please post a comment and share the numbers below. I am also a Forex trader, a programmer, an entrepreneur, and the founder of ea-coder.
I have created two of the most popular trade copiers and other trading tools for MT4 that are already used world wide by hundreds of currency traders. I will definitely come back to U regarding your Trade Copier EA in future as it is my intention to trade for and on behalf of paid Investor Clients who want to get exponential growth on their invested funds. I am still at the beginning stage of putting the Idea together and maybe I should send U an email on this Idea privately to brainstorm how I can approach it.
Here in South Africa there is tremendous opportunity to trade for Clients, as our currency is weak against the major currencies and Clients can make enormous amounts by earning Dollars and exchange it back to our currency. Best Regards,. I am sure you will have a great success as a Forex account manager. I found out that the maximum number of MT4 terminals that you can have open on one Win or VPS is just over This seems to be a windows limitation and not hardware limitation.
Thank you Stuart. That is a very useful information to know. May we know your VPS technical characteristics? And If so how much memory will each take up? Hello all well I am testing your program, site copy, my EA is Not Coming achieving partial closing set this function can help mi? Nick, glad this was helpful to you. Please share that with a friend that you think might need this help as well.
You need to be a part of a contest for one of the greatest websites on the internet. Perhaps the factor that limits how many MT4 client terminals you can have running is given by the communications bandwidth. Bandwidth could be quite limited for systems running on an office or home PC. A WPS in a data center would usually be much better connected to the rest of the world, i. Most WPS providers will offer higher performance options for those who are willing to pay for it.
Higher performance can a combination of several features including guaranteed uptime, VM performance, amount of RAM and disk storage, bandwidth, latency. Manfred, that is totally correct, especially about the latency. Latency is very important for trade execution in most cases. If you use pending orders for entry then latency might not be an issue, but with market orders you really need to make your connection as fast as possible.
Best way is to get a VPS that is in the same data center as your broker servers. But I think this can help in the long run and I know that MetaQuotes give such advise too. Not sure exactly, but if your VPS has very few resources then you should use this approach for sure. Settings button will take you to a page where you can change the installation destination folder.
An example image is in the blog post too. Can you do an update on this now that Metaquotes have made changes to the Mt4 program? It is now not so easy to install multiple platforms. If you have a way around it that would be great. Dear Andrea, thanks for your comment.
When I wrote this article two months ago I already saw the changes in MT4 installer. You might be missed it. Or you have some other thing in mind? Hello, I have multiple copies of Mt4 running but am having trouble copying signals. If I choose the signal from within the terminal, it works but that only contains the top X signals I think. Is there a way to copy a signal manually, or some other workaround? Thank you. If you are using Local Trade Copier, please go through these steps listed on this page as this might help you solve the problem.
Regards, Rimantas. Dear sir you are doing remarkable work, currently i am using one software which close all trades in profit, so it is very good work by you. Regarding your instructions…. MT4 installation sometimes is a bit different among brokers. Can you give me download link of your MT4 setup so I could it out? I normally just download the installer from the broker and run it from my desktop or from within the folder I created for the particular platform.
You are absolutely correct Rimantas! I missed that, but in the past that option was usually in the steps. But now I see you have to choose the settings button to access the option to choose the folders. What if I have already installed more than one MT4 accounts on my Computer or VPS, is it possible to move them and rename them in diff folders? Hi Joe, if you already have accounts installed then you can simply use them. I do not see the reason to reinstall them. It does not matter how you have named them as long as they work for you.
Hello Ramistas, Your article is clear and consised, cool job!!!. Hi, I do not know about such solution. Its amazing. A couples of days ago I downloaded and I am using MT4 from my broker. This is a real account and I have dowloaded and use Indicators and EAs on it. I have also dowloaded MT4 from another broker. I would like to use this one for testing purposes only the historical data from this broker is more accurate.
If I choose not it redirects to a download page. I want to install it on the Demo though. It does not matter which one of the 2 installations is running or if they are both closed. Hi there. I have done that. Through my real account. And once I open my demo on the second platform, the App is not installed in this as expected. And in order to install it, I have the options to buy , rent or demo. If it does not do that you should contact MetaQuotes for support.
Maybe something is not right. Hi, Gary. Not sure if that would work. I know many clients told me stories that this does not work. It is downloaded from the platform and it is installed on it. The Real account platform.
No problem there. How to install it on the second platform on the same pc is the issue. I will contact Metaquotes and I will post their reply. Thx guys. Do your instructions apply to Win 10? And then all the stuff with MQL4 file is stored who knows where. The only way to access it is via File — Open Data Folder.
Yes, it does work for Win MT4 Data is stored in data folders, but that does not give any trouble either. Just follow the steps. The new installer asks you the first time where to install. Then subsequent times, just finishes without asking you. I was thinking it might work if I found an older installer. But, at this point, who knows… I would surmise that many other broker installers are basically the same since the MT4 installer is pretty much just a template for the different companies to use their own branding.
It behaves the same as the Oanda installer. Anyway, feel free to delete or post these… might be better to delete them. Hi Rimantas. I have downloaded mt4 multiterminal exe. Thanks for this advice. I now want to install another instance of MT4 and I was simply going to do the same — using your instructions.
What do you think? New MT4 version works fine in there. There was a problem with old versions couple of years ago, but that is long gone. Thanks so much for your reply. Your site is amazing. Can I just right click and rename the folder in Program Files, or will this screw everything up? Instead do I need to uninstall my existing MT4 then reinstall with the new name?
I am glad you like my work. You can go ahead and rename MT4 folder, but it will screw MT4 shortcut you will have to update its information. Or you can delete old shortcut and create new one. When renaming, make sure you close MT4 first. In your blog you mentioned about running multiple MT4 platforms on single CPU, can you please share with us. I had tried but some time the numbers of platforms running is less that what is in the system startup. I am using windowXPro. Hi Mr, good article.
I have a question. It might be solution for Money Manager, and only the clients, need give the Money Manager of credentials? Not sure what you are trying to say exactly, but you can become a money manager by simply using MT4 copy trade EA.
This is really useful and I have followed your instructions successfully. Do I need to copy the whole terminal installation folder in program files over as well? Many thanks! Yes, you can copy contents from one MT4 Data Folder to another, but you should copy only specific folders you need. You do not want to overwrite some configuration files if those MT4s are from different brokers. But I believe nothing should break even if you copy entire contents.
They just load the charts, but not all the presets and EA. Some people use an app called SyncToy to copy and sync the data folder to the original folder in program files. If you use MT4 in portable mode you should never launch it in normal mode or your configuration will be messed up.
I wanted to copy signal software to myAvatrade demo MT4 platform. But the account manager told me it was not allowed. Can you perhaps send me a list of trusted brokers with a MQL4 folder to copy my software to. Regards, John. Any MT4 will work but there are a few that do not work. So just go with another broker like FxOpen for example and it will work. I just want to ask, if is it possible to run MT4 on one computer?
If yes then what system do I need if not then what is the best way possible to do this. Yes, you can do that. But I cannot teach you this in one sentence. We teach this in this video course Forex Robot Academy. They work fine for trading, but NOT for backtesting. I am sure you will find most are incorrect. Please try before replying. I was using the same data. Hi, thanks for showing me the easy copy paste method of installing multiple MT4 terminals.
You save me a lot of trouble. If I use the mobile app for my account and add trades via that app will it also be added to all other accounts? Yes, you can use mobile app to add trades and have the same MT4 running on a computer with the trade copier to copy to other MT4s. Do you have any idea what would be the ideal pc build for running the most number of mt4 terminal?
I need to run multiple mt4 terminals and I think that a vps would not be enough. I would just like to know the cost of building a pc that can run the most number of terminal. I think that this would be great article for you as well. Great work. I will use this to make a lot of money.
I will recommend this to my friends. Thanks Rimantas. Still it is slowing down system what should i do?? By the CPU load, it seems that all should work fine. But there can be many reasons why your VPS is running slow. You should contact VPS hosting provider about this. These are my computer specs. There is no one answer for this.
Usually it is about 4 mt4 terminals for each CPU core so terminals should work fine. I downloaded the MT4 from their site and followed your instructions. Any thoughts? It works with all MT4 brokers including Hugosway.
If I wanted my client account to take half size lot e. Master Account 0. Yes in client ea set riskratioserver to zero and lotmultiplier to 0. Hi Rimantas, awesome program i am interested. But do I have to have all the tabs open at the same time in order to receive the copy of the trades?
Is there no way to just open the window of the master account and automatically copy the trades to the other accounts without having the accounts open? And is it possible to do it from the mobile application, I do not use the computer so much but the phone yes, and I would like to put a position from my phone and that in the other accounts are copied.
All platforms must be running all the time for the copier to work. No problem at all. Trades will be copied. We use dedicated Windows servers from vpsforextrader. Thanks for taking the time to do this. Hi Rimantas, Very thanks for this post, your setup really works for my needs, considering that my system runs on Linux and Wine.
In theory I would say it is similar to the way one install multiple instances on regular Windows, however I am not fully sure because on Mac for example, the way wine and MT4 installation is embedded makes things a bit more complicated. Can you provide me with more details on how you installed your multiple MT4s on a Linux environment?
Thanks a lot! Hi, with every additional program or additional instance of the same program that you run, the computer will run slower. This is obvious. Additional MT4 will obviously slow down computer, but most computers nowadays can run 4 or even 10 MT4s easily. You can install MT4s on different drives, no problem. I hope this helps.
Yes, of course. You just need to attach each EA onto a separate chart. Yes, MetaQuotes does not limit the number of MT4s. The limit of 32 instances comes from the Windows OS system. The trick to overcoming this is simple, you just create additional Windows user and run another 32 MT4s there. On a computer where you are running MT4s, there is absolutely no reason to watch videos, browse the internet, or play video games. A computer where you have your MT4 platforms for trading should be dedicated only to that.
The video was for exemple of course but not the browser. You can copy trades even between MT4 platforms that are running on separate Windows users. You have to use CustomWorkingDirectory parameter for that. One is a live account, and the other is a demo account.
Hi, running multiple MT4s on the same computer with different of the same broker should not have any impact on EA and indicators. But if they are built correctly then they should operate fine. Have you heard or know how they retain their fees monthly? That was the advantage of PAMM accounts as all funds would be disbursed if was under one broker.
Those who want performance fees based on high water mark to be calculated for customers, they use my Signal Magician software. Hello good day, please i want to know how i can manage multiply account, lets say 20 client account , since vps can only take fewer mt4. We recommend vpsforextrader.
Installing and running multiple MT4 client terminal instances on the same machine is easier than you might think.
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|Two forex terminals||I have also dowloaded MT4 from another broker. Best Regards. If yes then what system do I need if not then what is the best way possible to do this Thank you for the answer Reply. Have a nice day Reply. This is a real account and I have dowloaded and use Indicators and EAs on it. I am already a broker I want to become a broker I am a trader.|
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