Simple Ways to Install Multiple MT4 Accounts on the Same Computer

Trading is now very much popular. Due to some advanced tools and proper guidance, people can easily trade and earn money as much as they want. Trading is now a new way of investment for our generation. So, we all know that MetaTrader 4 or MT4 is known as a widely accepted and used electronic trading platform. MetaTrader 4 platform established in the year 2005. After that, it has gained so much popularity among traders. Now the good news is that traders can open and handle multiple accounts from one computer or VPS. It is now much simpler than you have thought before. So, it is important to know how to open and handle multiple MT4 accounts on the same computer if you want to do it for your own. You should learn how to do it.

There are two ways how to install Multiple MT4 Accounts and manage them on a single computer. The first method is the free method, where traders can simply install the same MT4 terminal several times on the same computer. The second method is the paid method where traders can install a multi-terminal version.

In this method, you can easily open two, three, or more numbers of accounts from your one computer. Not only this but now you can log in into various accounts and trade from all of these. You do not need to face any kind of obstructions to do that. So, now it is simple and hassle-free. You do not need to log in and log out again and again from one account and another. So, now you can stay live from all of your accounts at one time. You can trade effortlessly from your real and dummy accounts as well. So, as you can see, METATRADER MULTIPLE ACCOUNTS offer you a blissful and advanced experience of trading.

Apart from this, you can now open identical trades on all MT4 accounts at one single time. So, now you can manage all of your MT4 accounts and hold your position in various MT4 accounts. The same broker will not be a problem in this case.

WHY DO YOU NEED TO INSTALL VARIOUS MT4 PLATFORMS ON YOUR SINGLE COMPUTER?

Now you are thinking why do you need to install multiple MT4 accounts in your one PC. There are two main reasons for which a Forex trader needs to install multiple MT4 accounts. So, here are two reasons such as follows:

1. The first and primary reason is that the traders can sign in into different accounts at the same time frame. It is of course a big benefit. In the past, you can sign in into one MT4 account from the same and indifferent broker. So, you can install more MT4 terminals on your PC. After that, you can simply log in to different accounts at a single time.

2. The second one is also valuable and essential. You can copy Forex trading options between various MetaTrader accounts. As you may hear that copying trade is very much well-known among Forex traders.

Apart from this, you can get one more benefit from opening multiple accounts. You can get valuable advice from the experts. So, if you have multiple MT4 accounts then, you will have to run so many strategy testers at a single time.

ADVANTAGES OF INSTALLING MULTIPLE PLATFORMS:

There are so many advantages of installing multiple MT4 platforms. Here are some of these:

* The main goal of this particular set up is to spread memory usage and also improve the performance of each MT4 platform or account.
* You can organize the whole thing about trading very simply and smartly.
* Now you can trade from multiple accounts at the same time.
* This is now a hassle-free process.

Now, you may think about how to install it on your computer. You should know that the process is very much simple.

THE INSTALLATION PROCESS OF VARIOUS ACCOUNTS ON A SINGLE COMPUTER:

If you want to install various MT4 terminals in a single computer then, you should know that the process is very simple and easy. All you need to do is repeat the same process of installing one MT4 platform. But in the case of various account installation, you will have to choose various and different locations for the installation process. This is a smart trick to install METATRADER MULTIPLE ACCOUNTS on a single computer and trade from all of these without any obligations. By following this smart method, you can install various MT4 platforms from the same or various brokers.

So, as you proceed to install second and third terminals or so then, all you need to do is change the location to a different and unique folder. So, in this way, the location will be changed. You can name the folder differently. You can change the last number of the name in the folder. Apart from this, you need to install different files in different folders as well. You can select any names as you want to use but each name should be unique.

So, while you are going to run the installed MT4 then, you will have to change the destination folder of the installation. You will get the setting button and after that, you will get the Next and Cancel button. So, while you are going to click on the setting button then, you can change the MT4 destination folder.

THE FAST AND EASY WAY TO INSTALL VARIOUS MT4 TERMINALS:

After installing one MT4 terminal, you can copy and paste command. For this, you can use CTRL+C and CTRL+V from your keyboard to complete the copy and paste process. So, after installing multiple MT4 terminals, it is the high time to run each and separate terminal differently and individually. So, for this process, you need to start an account for every platform.

With the MT4, you can get a clean and clear feature. You need to enter the name of the broker. You will get this easily.

HOW MANY MT4 PLATFORMS YOU CAN RUN ON YOUR COMPUTER?

There is no limit to the number of your MT4 platforms. You can install and run one, two, three or more MT4 terminals in your single PC. You can run 4 to 6 platforms at a single time from your single PC. So, as you can see, you will be able to run multiple MT4 terminals from a single device. You should be able to handle multiple accounts without any hassle.

Install Metatrader Multiple Accounts using multi-terminal software version

The Metatrader 4(MT4), Metatrader 5(MT5) software has a Trade tools FX (TTFX) multi-terminal version, which allows investors to trade on Metatrader Multiple Accounts, using a single computer. This version is preferred by money managers or regulated institutions who are managing the account for a large number of clients. This version of the software provides all the features of MT4/MT5 allowing the user to place or edit orders. The user can also limit the orders and decide the closing position. Depending on their financial goals, the clients have specified different trading strategies for each account. The money manages each account based on the instructions from the client.

Security

The software for the multi-account terminal is using 256-bit encryption technology for greater security. This ensures that the trading account and trading data in real-time is secure, remains confidential, and is not tampered with. The financial/trading data is also synchronized with information on TTFX client devices. The computer, mobile version of the software can be used on the client devices. This allows the account managers to check the status of the account anywhere they wish and also trade, placing orders for different Forex accounts at the same time.

The interface of the multi-account terminal is similar to that used in a terminal for Metatrader 4 or Metatrader 5. This makes it easy for traders who have already used MT4/MT5 to switch to the multi-account version for trading for clients. The platform is widely used by professional traders, asset managers, and money managers to access, monitor, and trade for multiple accounts. They can group the different accounts which they are managing for convenient trading. The trader or manager can also specify different sizes for the trading in each account he is managing.

The trader can trade in each account which is part of the group and monitor the activity in the account. It can be used for taking a printout of the statement and equity for the client. The account manager can execute any type of market order, stop order, limit order using one click. The execution speed for the orders on these platforms will be similar to single account terminals. The TTFX terminal also has advanced features for customization. These features allow the manager to trade in the Forex or other market using the interface in multiple languages.

Advantages

Some of the advantages of the TTFX terminal are complete control over methods used for allocation, managing the sub-accounts in real-time and a full trading log is available. Incorporating an Expert advisor is also possible. The administrator can control all accounts, manage the open and close positions, and allocations. A complete log of the user’s activities is available along with access to the full report. There is no limit to the number of trading accounts which can be opened. All trading activity can be managed in real-time. In addition to foreign exchange (FX), traders can also trade in metals and CFDs. Different types of trading strategies like hedging, scalping, news trading are allowed, with system alerts, trading, trending events, fast news provided so that the trader can take the right decision accordingly. It also includes an internal mailing system

Forex trading platforms MetaTrader 4 and MetaTrader 5

Have you been wondering about which are the best forex trading platforms?

It is noted that the industry of trading software is under the heavy domination of the MetaQuotes Corporation. It is realized that this is the company that created MetaTrader 4, which in shortened form is referred to as MT 4. Though it is true that MetaTrader 4 is regarded as being the primary choice of those who are regarded as being professional traders, the truth is that other options do exist for traders, which have been created in the past few years.

MQL4 vs MQL5

The main difference between MQL4 and MQL5 programming language is in syntax because MQL5 is more similar to C++ than MQL4. MQL4 and MQL5 are excellent programming languages and great tools for traders. MQL5 is not better than an MQL4 programming language because in 95% real programming situations, programmers can code excellent in both languages.

Look at this example of Predefined Variables in MQL4 and MQL5:

We can see that MQL5 is complicated than MQL4. MQL4 syntax in some cases is better and faster than MQL5.

MetaQuotes Platforms

In regard to conducting trading on the forex market via the internet, the majority of brokers tend to provide a supply of diverse trading platforms. However, the outcome is that most people tend to choose MetaTrader 4. It was almost ten years ago that the software had been created. At this present time, the MetaQuotes Corporation offers two key trading platform selections, which are considered to be MetaTrader 4 along with MetaTrader 5.

MetaTrader4

Metatrader 4 is regarded as being a platform that was particularly crafted with forex trading in mind. Due to the fact that the retail forex is quite a novel industry, there was no accessible software by third parties that was reliable until the arrival of MetaTrader 4. This trading platform is ultra-reliable and allows traders to have access to many features that are highly beneficial. They take into inclusion trading that is done with just one click, the provision of more than fifty indicators, access to many advisors who are real experts, limit orders, pending orders, nine varied time frames as well as multi charting.

It cannot be denied that there are some impressive advantages pertaining to the usage of MetaTrader 4. Many people choose this platform due to its powerful stability. This makes the platform dependable and trustworthy. Moreover, there are some mighty mobile apps. The applications will function for almost all kinds of operating systems, such as Windows, Android as well as iOS. The mobile versions also provide a high level of stability.

Sometimes there are some brokerage firms that may present a wider array of spreads pertaining to the MT4 platform when compared to the tighter array of spreads that are presented via their primary trading platform as the brokerage firm grants the provision of a variety of trading platforms for the trades of traders. In addition, some traders who are regarded as being professionals tend to claim that the platform operates at a slower pace when compared to other platforms where they conduct their trades.

Though MetaTrader4 is rather powerful as a platform on its own merit, it is realized that there is a plugin for this platform that is provided by Admiral Markets. It is noted as being referred to as the MetaTrader4 Supreme Edition Add-On. This add-on supplies trader with more than fifty extra tools. The plugin dramatically improves the advantages of engaging in the usage of MetaTrader 4. It also provides wider access to a one-click trading option that is more flexible. It is referred to as the mini-terminal. You will discover the accessibility of new orders such as OCA orders. Further, you are able to conduct the dragging and dropping of taking profits and stop losses in regard to the trades that you have conducted.

MetaTrader5

MetaTrader5 is considered to be somewhat like MetaTrader 4. It is classified as being one of the top best-performing trading platforms for the forex market at this present time. MetaTrader 5 has a faster rate and allows for the provision of a wider span of different orders. It also grants the provision of more indicators and also allows access to extra features. While this is a superior platform, it is noted that there are not any significant or revolutionizing elements that can cause MetaTrader4 to experience redundancy. MetaTrader 5 is an impressive selection for both brokers as well as traders due to the fact that it is able to manage a larger number of trading elements in comparison to MetaTrader 4.

Though it is true that MetaTrader 5 is much like MetaTrader 4, the reality is that there are some diverse advantages that are not part of other trading platforms in regard to the forex market. MetaTrader 5 empowers the traders to view twenty-one varying timeframes. There is the provision of eleven distinctive minute charts, such as the usage of M1, the usage of M2, the usage of M3 as well as the usage of others. Also, there is the provision of seven varied hourly charts, which are designated as being the H1 hourly chart, the H2 hourly chart, the H3 hourly chart as well as others. In addition, there is the usage of daily charts, weekly charts, and even monthly charts. On the other hand, the majority of trading platforms, including MetaTrader 4, offer the provision of just nine-time frames.

MetaTrader5 is a great choice for traders as a result of it providing six kinds of pending orders. This takes into account orders that are categorized as being sell stop, buy stop, sell limit, buy limit, sell stop limit along with buy stop limit. MetaTrader 4 along with other types of platforms for trading on the forex usually only grants the provision of four kinds of pending orders. When you engage in the usage of MetaTrader 5, you are able to conduct the switching from the mode for hedging to the mode for netting. The mode for hedging permits you to access trades in positions that are opposing each other. This has contributed to the revolution of the options for trading on the forex market. This platform also grants the function for the viewing of the depth of the market. This permits the traders on the forex to see the bids as well as the offers that are set at varied prices in regard to the financial instruments.

Here’s what you should know about Metaquotes language MQL4 MQL5

Are you looking for some integrated programming languages that can be used in developing trading robots, scripts, technical market indicators, and function libraries, etc? If yes, then you can use MetaQuotes Language 4 (MQL4) and MetaQuotes Language (MQL5). These two languages are used in conjunction with the MetaTrader software.

Are you wondering what are the primary objectives of these two languages? Well, they are mostly used in the automation of trading and operational analysis. Rest assured that both of these two languages are backed by an extensive codebase including source code and library.


History of Metaquotes language MQL4 MQL5

MetaTrader platform was developed and released by MetaQuotes Software on July 1, 2005. This platform was meant to perform trading in financial markets. Now, MQL4 which is an object-oriented programming language is designed to work on this platform. At the initial stage, the MQL4 language used to follow the syntax of C.

Next, MetaTrader 5 was released during 2010 along with the MQL5 – a new language. Also, in 2014, MetaTrader 4 600 builds were released which brought some major new updates of the language. MetaEditor (the development environment) was unified to support for MQL4 and MQL5.

Note, the updated version of MQL4 (600 builds) offers a set of new functions and graphical objects which are mostly used for analyzing different types of charts. In addition to it, the protection system was completely modified to execute EX4 files. Speaking of the similarity between MQL4 (600 builds) and MQL5, the entire standard library is almost transferred from MQL4 to the updated MQL4 (except the trade subsystem). In addition to it, new data types are also introduced to MQL4.

Plus, you will find the micro substitution systems expanded like #ifndef, #ifdef, #endif, and #else. In this way, MQL4 (600 builds) is made suitable to use on the code of other languages like C++ and C. In this build, you will even get many classes, object pointers, and structures added. Note, the updated MQL4 offers a strict compiling mode which further helps you to detect and avoid potential programming errors.

Coming to MQL5, this strict compiling mode is automatically available to it and it can’t be disabled. Also note, both MQL5 and updated MQL4 support object-oriented programming concepts except the following topics, such as overload, multiple inheritances, polymorphism, extensibility of types, virtual functions, and encapsulation.

MQL4 vs. MQL5 Compiler

Do you want to know more about the compiler that should be used to compile the above two programming languages? Well, it’s MetaEditor. This compiler will be embedded in the development environment. For example, it’s automatically integrated with both MetaTrader 5 and MetaTrader 4 trading terminals. Now, for your quick reference, this compiler allows the convenient editing of the source code, profiling code, developing joint applications remotely in conjunction with other developers, and automatically generate projects by using a template.

Difference between Metaquotes language MQL4 MQL5

In the above sections, you have already revealed the similarities between MQL4 and MQL5. In the below sections, you will mostly find the fundamental difference between them.

The first and foremost difference lies in their trading system setup. For instance, MQL5 should be used to design a positional system. On the contrary, MQL4 should be used to implement trading programs of an order system.

Apart from that, the MetaTrader 5 trading terminal has defined clear delimitations about these two trading programming languages on topics like order, deal, and position. Note, the order is known as a request that can execute a trading operation. The order can lead to a final trading deal. And, all aggregate deals of a certain financial instrument is termed as position.

In MQL5, you will find a list of expanded trading functions that can be used on open orders, order history, deal history, and open positions. But, in MQL4, different functions are available to perform the above actions, such as OrderClose(), OrderModify(), OrderSend(), OrderDelete(), and OrderCloseBy(). You can use these functions to open, close, and delete pending orders.

In MQL5, the OrderSend() function is used to carry out all trading operations by sending trade requests. Now, the parameters of this function can vary depending on your trading programs. MQL5 also enables asynchronous trading operations by introducing a new function — OrderSendAsync().

Data types of Metaquotes language MQL4 MQL5

Here’re some of the common data types that you can use in both MQL4 and MQL5.

* integers
* literals
* boolean/logical
* floating point
* strings
* date and time
* enumeration
* color

In MQL4/MQL5, you can also use structures and classes as well. Note, these are complex (abstract) data types. These abstract data types support the following features and characteristics.

* Keyword class should be in the declaration
* Supports inheritance
* The class members will have private access by default and the structure members will have public access
* Class objects will have virtual functions but structures won’t have it
* New operators can be applied to the class objects, not the structures.

Capabilities of Metaquotes Language mql4 and mql5

Note, MQL4/MQL5 aims to help you address all the needs and requirements of a trader. These programming languages were developed for writing and executing trading programs. The common functions for performing trade operations are OrderClose(), OrderClose(), OrderModify(), OrderCloseBy(), and OrderDelete().

Please reveal the common four program types in MQL4/MQL5 below:

•  Expert advisors: This program type should be used for automatic systems trading cases. It follows the pattern of a coded algorithm and the use of specified parameters. Examples of actions where expert advisors can be used: receiving a new tick, alerts on new trading operations, clicking a mouse, and pressing a button.
•  Custom indicators: This program type should be used by the users and they should be used along with some ready-made indicators. They typically do not perform any trading operations and their part is analytical. Examples of actions where custom indicators can be used: to monitor a situation, to reflect it, to interpret it, and then to submit it for analysis to a trader.
•  Scripts: This program type is used to perform the single execution of some specified actions.
•  Custom function libraries: This program type allows you to create #include files. These include files are used in various functions and classes instead of pasting the direct source code into the program.

MQL4 vs. MQL5 Syntax

Although the syntax of MQL4 and MQL5 are similar to c++, there are some differences. They don’t have pointer arithmetic, goto operator, multiple inheritance, and anonymous enumeration.

Text formatting: Well, you can use space symbols (like tabs, spaces, and empty strings) to make the code readable and convenient. However, please do not use space symbols inside identifiers, keywords, and constants. Also, don’t use a line break symbol after a hash.

Comments: Both single-line and multi-line comments can be used. For single-line comment, they start with // symbols and end with newline characters. For multi-line comments, it starts and ends with /* and */ characters.

Identifiers: This is used to name a function or a variable. Their length must not exceed 63 characters and they can include the following characters, such as numbers 0-9, lower case letters, upper case letters, and the underscore character, etc. You can’t use a number as the first character while defining an identifier.

Expressions and objections

The common operations like binary, bool, and arithmetic are present in MQL4 and MQL5.

Disadvantages

There is a major disadvantage of these languages. They can’t be used to create independent applications as these languages should be based on their corresponding platforms. And, it’s compatible with only.EX4 and.EX5 file extensions.

Conclusion
MQL4 vs. MQL5 analysis showed that both languages are as good as tools and easy languages for programming. MQL5 is not better than MQL4 and proof is that majority of programmers use Metatrader 4 and MQL4 as a based programming language.

What is Common Error in MT4?

Occasionally, errors in the MT4 platform may be noticed. Most often we can see “Common error” (error number 2) in the Metatrader platform.
A common MT4 error in the lower-left corner of the Metatrader platform is a signal error indicating that there is a connection problem between the Metatrader platform and the server account.

How to fix MT4 Common error on Desktop and MT4 Common error iOS:

1) Check the internet connection. There can be a problem with Wifi or cable internet or some anti-virus software for some time or any Internet security programs block internet connection of Metatrader and online server. “Common error” and “off quotes” in MT4 are the most common errors.
2) Enter the username, password, and IP server address when you log in to Metatrader. If the internet connection is fine then the problem is login parameters. If username and password are OK very often the problem is the server IP address.
Inter to pick “Real 1” or “Demo” server you need to put full IP address (hotforex IP addresses example ).

See our youtube video about mt4 common error and our instructions:

How to Login

Step 1: Open your MetaTrader 4 terminal.
Step 2: Click on file at the top left corner of the platform.
Step 3: Select login.
Step 4: Enter your login details.
Step 5: Enter the IP address (ask your broker for IP if you do not know) in the ‘server’ field.
Step 6: Click login.

If you do not have an IP address ask broker support to give you. Just ask them for example: “What is IP for Live 4 server? Then, they will help you.
This is something that very often we can see when we have a problem logging in into the Metatrader account.

Common error Mt4 we can see on desktop computers but as well Common error mt4 app problem on mobile phones. The solution is the same. User needs to check internet connection, username, password, or IP and then to connect without error.

How to fix MT4 Common Error message if login details and server IP are correct?

In the case, log in details are correct Common error can be fixed in this way:

1. Close all charts in MetaTrader and close the platform.
2. Restart PC and then check do you have an excellent internet connection (for example speed-test by Ookla and check internet connection quality using packet loss test).
3. Disable the antivirus program in a few minutes just to check the MetaTrader platform, in case that antivirus blocks MetaTrader software.
4. Run the MetaTrader platform and try to log in.
5. If it doesn’t work again, try to create a new demo account and to log in to. If you succeed, then the problem is the login parameter.
6. Ask for help from your broker and ask again for server IP. Sometimes, different server IP will solve the problem.

Metatrader 4 not responding
Except “Common problem,” there are a lot of MT4 errors.
Please see the list of the most common errors in the Metatrader platform: