MetaTrader 4 platforms were established in the year 2005. After that, it gained so much popularity among traders. Now, traders can open and handle multiple more straightforwardly from one computer or VPS. It is knowing have thought before. So, it is essential to understand how to open important 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 to install Multiple MT4 Accounts and manage them on a single computer. The first method is free, 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 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 your accounts at once. You can trade effortlessly from your genuine and dummy accounts as well. So, as you can see, METATRADER MULTIPLE ACCOUNTS offer you a blissful and advanced trading experience.
Apart from this, you can now simultaneously open identical trades on all MT4 accounts. So, now you can manage your MT4 accounts and hold your position in various MT4 accounts. The same broker will not be a problem in this case.
How to manage multiple MT4 accounts using a Multi-terminal version?
You will need to do a few things to manage multiple MT4 accounts successfully. The first is to create a new instance of the MT4 platform. This can be done by following the instructions below:
- 1. Open the MT4 platform and click on “File” then “New Instance.”
- 2. Select the account you want to use and give your instance a name.
- 3. Click “Create.”
The second thing you will need to do is configure each instance with the correct account information. This can be done by following the instructions below:
- 1. Open the MT4 platform and click on “File” then “Global Settings.”
- 2. In the “Settings” tab, locate the “Accounts” section and click on “Edit.”
- 3. Enter the account information for each instance and click “OK.”
The final thing you will need to do is switch between instances as required. This can be done by following the instructions below:
- 1. Open the MT4 platform, click on “File,” then “Switch Instance.”
- 2. Select the instance you want to use and click “OK.”
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 a Forex trader needs to establish numerous 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 significant benefit. In the past, you could 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 simultaneously.
- 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 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 numerous MT4 accounts, you must run many strategy testers simultaneously.
ADVANTAGES OF INSTALLING MULTIPLE PLATFORMS:
There are so many advantages to 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. All you need to do is repeat the same process of installing one MT4 platform. But in the case of various account installations, you will have to choose multiple and different locations for the installation process. This clever trick is to install METATRADER MULTIPLE ACCOUNTS on a single computer and trade from all of these without any obligations. Following this intelligent method, you can install various MT4 platforms from the same or multiple brokers.
So, as you install the second and third terminals, all you need to do is change the location to a different and unique folder. So, in this way, the place 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. You can select any terms you want to use, but each name should be unique.
So, while running the installed MT4, you must change the installation’s destination folder. You will get the setting button; after that, you will get the Next and Cancel buttons. So, when you click on the setting button, you can change the MT4 destination folder.
After installing one MT4 terminal, you can copy and paste the command. You can use CTRL+C and CTRL+V from your keyboard to complete the copy-and-paste process. After installing multiple MT4 terminals, running each terminal differently and individually is high time. So, for this process, you must 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 quickly.
How many MT4 platforms can you install on a PC?
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 media simultaneously from your single PC. So, as you can see, you can 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) and Metatrader 5(MT5) software have 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. The clients have specified different trading strategies for each account depending on their financial goals. The money manages each account based on the instructions from the client.
Multi-account terminal Security
The software for the multi-account terminal uses 256-bit encryption technology for greater security. This ensures that the trading account and trading data in real-time are secure, remain confidential, and are not tampered with. The financial/trading data is also synchronized with information on TTFX client devices. The computer, a mobile software version, can be used on 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 that they are managing for convenient trading. The trader or manager can also specify different sizes for the trading in each account he is working.
The trader can trade in each account, which is part of the group and monitors the account’s activity. It can take a printout of the statement and equity for the client. The account manager can execute any market, stop, or 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 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 comprehensive trading log is available. Incorporating an Expert advisor is also possible. The administrator can control all accounts and manage the open and closed positions and allocations. A complete log of the user’s activities and access to the full report are available. There is no limit to the number of trading accounts that can be opened. All trading activity can be managed in real-time. In addition to foreign exchange (FX), traders can trade metals and CFDs. Different trading strategies like hedging, scalping, and news trading are allowed, with system alerts, trading, trending events, and fast news provided so the trader can make the right decision accordingly. It also includes an internal mailing system.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
