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. We all know that MetaTrader 4 or MT4 is a widely accepted and used electronic trading platform. MetaTrader 4 platform was 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 on your own. It would help if you learned how to do it.
How to manage multiple MT4 accounts
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 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 to various accounts and trade from all of these. You do not need to face any 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 on 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 to different accounts simultaneously. It is, of course, a big benefit. In the past, you can sign in to one MT4 account from the same and indifferent broker. So, you can install more MT4 terminals on your PC. After that, you can 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, you will have to run so many strategy testers simultaneously.
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 setup is to spread memory usage and improve each MT4 platform or account’s performance.
* 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 on a single computer, you should know that it is straightforward 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, 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 you want to use, but each name should be unique.
So, while you will run the installed MT4, you will have to change the installation’s destination folder. You will get the setting button, and after that, you will get the Next and Cancel button. So, while you will click on the setting button, 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 the command. For this, you can use CTRL+C and CTRL+V from your keyboard to complete the copy and paste process. After installing multiple MT4 terminals, it is high time to run each 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 on 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 managing the account for many 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.
Multi-account terminal 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, a mobile version of the software, can be used on the client devices. This allows the account managers to check the account’s status anywhere they wish and trade, placing orders for different Forex accounts simultaneously.
The multi-account terminal interface 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 monitors the account’s activity. It can be used for taking a printout of the statement and equity for the client. The account manager can execute any 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.
Multi-account terminal Advantages
Some of the TTFX terminal advantages are complete control over allocation methods, 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.