How to Install multiple instances of MT4?

 
How to Install multiple instances of MT4

So, how to Install multiple instances of MT4 without much hassle? In this tutorial, we’ll cherish “how to install multiple instances of MetaTrader 4”. We’ll also discuss the benefits of having this sort of setup, especially for those traders who heavily rely on the MetaTrader 4 platform.

The sweet fact is, the process of installing multiple instances of MT4 doesn’t carry complexity. With just a pinch of technical knowledge, you can do it!

Advantages of having Multiple Instances installed: Summary

  • Proper Optimization of each MT4 instance’s performance.
  • Distribution of memory usage.
  • Maximizing the utility of hardware’s complete extent.
  • Maintaining good speed.
  • Getting workspace neat and organized.

How to Install multiple instances of MT4: Advantages

How to Install Multiple Instances of MT4

Why would one need multiple instances of a solitary MT4 account running at the same time?

The major goal behind this setup is being able to effectively optimize each MT4 instance’s performance as well as distribute memory usage. The MT4 platform is basically a 32-bit application that means it’ll not be able to maximize and utilize your hardware’s complete extent.

In case you’ve been trading with this platform named MT4 for quite a while, you probably have already noticed that the performance of MT4 (particularly the speed) gets declined as your workspace when the amount of indicators, charts, scripts, and EA’s open gets bigger.

This is because each instance of MT4 can just process so much data no matter how sophisticated your hardware is. After knowing this, an effective solution is to distribute a few of your workspace’s parts for separating MT4 instances (running on the similar broker account).

Ok, what else?

Running multiple MT4 instances simultaneously is also especially helpful for traders, who have multiple monitors. Organizing your workspace in a better way is possible in case you have one MT4 instance running on every single of your monitor.

Also, expanding the size of your workspace more further is possible as the processes needed to run your whole workspace is distributed among distinctive instances.

How cool is that right? So, what’s the method of doing this? Just follow the Multiple Instances installation steps given below:

Multiple Instances of MT4 Installation Process

1 ) Execute your MT4 installer. Before tapping Next, tap Settings first.

2) In the folder field of installation, you’ll have to add the characters” (1)” at the last of the path/directory. The default path needs to be “C:\Program Files (x86)\MetaTrader 4 Terminal.” After adding” (1) at its last, the installation folder will become “C:\Program Files (x86)\MetaTrader 4 Terminal (1).”

3 ) Tap Next and complete the installation.

4) We’ve only created the first MT4 instance of the terminal. In case it opens up automatically, do notice it closely for the meantime. Look for a similar MT4 installer & execute it once again.

5 ) You will actually repeat Step 1, and like Step 2, after tapping the settings, you’ll have to add some additional characters at the last part of the Installation folder’s path. For the second instance, just type “(2)” at the path’s last part and proceed—Tap Next & Finish the installation.

5 ) After successfully installing your MT4 terminal’s second instance, just repeat the process until you reach your desired number of MT4 instances installed on your PC. Don’t forget to increment the number every time in the last part of the Installation folder’s path on every single integration of the installation.

How to Install Multiple Instances of MT4: Halfway is Complete

6 ) Go to C:\Program Files (x86) (or you can also open the folder in which you installed all the MT4 instances) and locate the folders of the distinctive MT4 instances that you just installed.

7 ) Go into the folder of the first instance (1), and the file named “terminal.exe” will appear there (There are normally two of them. Every time select the EXECUTABLE file rather than choosing the icon file.

8 ) After that, right-click it and choose to Send to > Desktop (create shortcut). After completing this, it will create a file’s shortcut to your pc that makes it convenient to launch your first MT4 instance.

9 ) After successfully creating the shortcut of your first instance in your pc, repeat a similar process for the other instances by doing similar things in their respective folders.

10) Just go back to C:\Program Files (x86), go into the folder of your second or third and create a shortcut to your pc as described above. After creating a shortcut for every single instance in your pc you’re done!. Each one will launch its respective MT4 instance.

11 ) Finally, execute every single instance & log in to your account of MT4. Now, running multiple MT4 instances will be possible!

Congratulations! You’ve installed Multiple Instances of MT4 successfully!

Can I Have The Same MT4 Account on 2 Different Devices?

The short answer would be a strict and straight “No.” While dealing with a broker, you need to open an account (With a given amount, a currency, and leverage).

As per the broker, accessing your account on one or multiple platforms is possible. Most of the modern-day brokers offer to trade by using MT4 (Metatrader4)

you can load your account if you want after launching your MT4 platform. In case you’ve got multiple accounts, you’ll get 2 solutions:

  • 1 MT4 session and you directly flip in the platform of the account you desire to use. In case you’ve got registered different accounts in the past, you can conveniently move from one to another.
  • Create numerous MT4 installations on your PC/laptop, and you’ve got one account per install.

How To Have 2 MT4 Platforms?

If that’s your question, then the answer would be the same that we discussed up there regarding How to Install multiple instances of MT4. Besides that, the benefits are also the same as before. However, The MT4 has to keep your server running for 24 hours, and you might face the issue of computer freezing, power outage, etc.

Having a perfect Forex VPS service will not make you spend high, and will tackle all the potential issues.

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  1. Bartek Andree August 17, 2021

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