Each trader needs to have several instances of MT4 working on his/her computer at the same time. At least one MT4 which is connected to a demo account, for analyzing the market, trying different indicators, trading systems, templates and… and one MT4 for the live account. If you trade several currency pairs and several time frames, you may need to have a few platforms opened at the same time, and have different groups of currency pairs and time frames on each platform, not to overload one platform with so many charts.
If you have some extra monitors, you can connect them to your computer and have each platform displayed on one monitor.
Most novice traders think that they can only have one MT4 working on the same computer. Therefore, they constantly switch between their live and demo accounts through the same MT4, and this makes them make mistakes sometimes and mix up their demo and live accounts.
It is very easy to have multiple instances of MT4 installed and working on the same computer at the same time. MT4 is not a heavy software and doesn’t make your computer slow.
To have multiple instances of MT4 on the same computer, you need to install the MT4 on multiple and separate folders on your computer. For example to run three MT4 platforms at the same time, it has to be installed three times on your computer, but in separate and different folders.
Here is how you can do it:
1. Create a new folder on your computer hard disk (C drive). You can name the new folder MT4. Some people do this on their computer desktop, but it is not recommended, because you should always keep your computer desktop clean and tidy.
Why you should create such a folder?
You really don’t have to do that, because your computer operating system (Windows) installs the software in folders like “Program Files” or “Program Files (x86)” automatically. However, it is a good idea to have your MT4 installations on a separate folder and not to mix them with the other programs. It will be much easier in future when you want to install indicators and EAs to your MT4 platforms.
2. After creating the MT4 folder on your computer C drive, you can start the MT4 installation process. You should have already downloaded the MT4 installation file. So you just double click on it and the installation dialog box will be initiated. You just need to click on the “Next” button, till you reach to the stage that you can determine the installation folder:
It is where you should click on the browse button and choose the MT4 folder you just created:
Then you just need to add a backslash (\) after the folder name and enter the name of the folder of the first MT4 that is about to be installed on your computer. Click on the “Next” after that:
You will have to click on the “Next” button for a few more times till the MT4 becomes installed in the C:\MT4\1 folder. Finally, you will get to the last window which has the “Finish” button at the bottom right, but if you click on that button the MT4 will be launched. However, You do not want to do it now, because you still have to install a few more MT4 platforms in the C:\MT4 folder. So you should click on the “x” button at the top right:
So the first MT4 is installed. To have the second, third and… MT4 platform, you can simply copy the folder of the first MT4 inside the C:\MT4 folder. You should open the C:\MT4 folder, right click on the first MT4 folder (which is 1) and click on “copy”:
Then right click on the empty space of C:\MT4 folder and click on “Paste”:
The first MT4 folder will be copied:
You can rename the second folder to “2?. To do that you should right click on the folder and click on “Rename”. Then you can enter the new name (which is 2).
You can repeat this copy/paste process to have all of the MT4 instances that you want:
3. To run the platforms, you have to open each folder and double click on the “terminal.exe” file:
To make it easier to run the platforms, you can right click on the “terminal.exe” file and click on “Create shortcut”. Then you can cut/paste the created shortcut to your computer desktop. If you do this for all of the MT4 platforms you installed in the C:\MT4 folder, you will not have to open the folders each time you want to run the platforms.
Please note that when you run each platform for the first time, you will see the “No Connection” message at the bottom right side of the platform and at the same time the “Open an Account” dialog box is opened where you can sign up for a new demo account. You can either sign up for a demo account using this dialog box, or close it and login to an existing account using the next dialog box that will be opened automatically after closing the ”Open an Account” dialog box.
You can also sign up for a demo account by going to “File>Open an Account” at the top left menu. On the same menu, you can see the login option too and if you click on it, you can login to an existing account.
Further Reading: Before leaving our website, please take a look at the other articles we have published.
fuente: http://www.forexoma.com
If you have some extra monitors, you can connect them to your computer and have each platform displayed on one monitor.
Most novice traders think that they can only have one MT4 working on the same computer. Therefore, they constantly switch between their live and demo accounts through the same MT4, and this makes them make mistakes sometimes and mix up their demo and live accounts.
It is very easy to have multiple instances of MT4 installed and working on the same computer at the same time. MT4 is not a heavy software and doesn’t make your computer slow.
To have multiple instances of MT4 on the same computer, you need to install the MT4 on multiple and separate folders on your computer. For example to run three MT4 platforms at the same time, it has to be installed three times on your computer, but in separate and different folders.
Here is how you can do it:
1. Create a new folder on your computer hard disk (C drive). You can name the new folder MT4. Some people do this on their computer desktop, but it is not recommended, because you should always keep your computer desktop clean and tidy.
Why you should create such a folder?
You really don’t have to do that, because your computer operating system (Windows) installs the software in folders like “Program Files” or “Program Files (x86)” automatically. However, it is a good idea to have your MT4 installations on a separate folder and not to mix them with the other programs. It will be much easier in future when you want to install indicators and EAs to your MT4 platforms.
2. After creating the MT4 folder on your computer C drive, you can start the MT4 installation process. You should have already downloaded the MT4 installation file. So you just double click on it and the installation dialog box will be initiated. You just need to click on the “Next” button, till you reach to the stage that you can determine the installation folder:
It is where you should click on the browse button and choose the MT4 folder you just created:
Then you just need to add a backslash (\) after the folder name and enter the name of the folder of the first MT4 that is about to be installed on your computer. Click on the “Next” after that:
You will have to click on the “Next” button for a few more times till the MT4 becomes installed in the C:\MT4\1 folder. Finally, you will get to the last window which has the “Finish” button at the bottom right, but if you click on that button the MT4 will be launched. However, You do not want to do it now, because you still have to install a few more MT4 platforms in the C:\MT4 folder. So you should click on the “x” button at the top right:
So the first MT4 is installed. To have the second, third and… MT4 platform, you can simply copy the folder of the first MT4 inside the C:\MT4 folder. You should open the C:\MT4 folder, right click on the first MT4 folder (which is 1) and click on “copy”:
Then right click on the empty space of C:\MT4 folder and click on “Paste”:
The first MT4 folder will be copied:
You can rename the second folder to “2?. To do that you should right click on the folder and click on “Rename”. Then you can enter the new name (which is 2).
You can repeat this copy/paste process to have all of the MT4 instances that you want:
3. To run the platforms, you have to open each folder and double click on the “terminal.exe” file:
To make it easier to run the platforms, you can right click on the “terminal.exe” file and click on “Create shortcut”. Then you can cut/paste the created shortcut to your computer desktop. If you do this for all of the MT4 platforms you installed in the C:\MT4 folder, you will not have to open the folders each time you want to run the platforms.
Please note that when you run each platform for the first time, you will see the “No Connection” message at the bottom right side of the platform and at the same time the “Open an Account” dialog box is opened where you can sign up for a new demo account. You can either sign up for a demo account using this dialog box, or close it and login to an existing account using the next dialog box that will be opened automatically after closing the ”Open an Account” dialog box.
You can also sign up for a demo account by going to “File>Open an Account” at the top left menu. On the same menu, you can see the login option too and if you click on it, you can login to an existing account.
Further Reading: Before leaving our website, please take a look at the other articles we have published. fuente: http://www.forexoma.com
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