Yes, you can run multiple EAs at the same time and on the same instrument. However, you may only load one EA per chart. For example, if you wish to set two EAs to trade on EURUSD, you will have to open two EURUSD charts and load an EA on each of them.

How do I run multiple charts on EA?

Just open different multiple chart and simply drag and drop the EA on each chart. That should be easy to do... if same pair, you must change magic number.

How many MT4 can I run?

Depend on each clients overall configuration, a conservative guideline is 2-4 MT4 terminals (with a handful of charts) per CPU core. Make sure to not overload your VPS CPU usage and leave CPU open for a very active market sessions which have higher CPU demands.

Can you set multiple take profits on MT4?

Yes, multiple TP is available on both MT4 and MT5 and also works with netted and hedging accounts. A TP is really a limit order placed with your broker. So to set multiple TP levels consider the following example.

How do you use TP1 TP2 and TP3?

TP1 TP2 TP3 panel

  1. Fill the fields (volume, SL, TP1, TP2, TP3) in pips or price, press the 'Sell' or 'Buy' buttons and the program opens 3 identical orders. ...
  2. When TP1 is reached, the program automatically closes order #1 and moves SL for order #2 and order #3 according to your settings.

How To Run More Than One Expert Advisor In The Same MT4 On Different Time Frame Of Same Currency

How many EAs can I run on MT4?

Yes, you can run multiple EAs at the same time and on the same instrument. However, you may only load one EA per chart. For example, if you wish to set two EAs to trade on EURUSD, you will have to open two EURUSD charts and load an EA on each of them.

How much RAM do I need for MT4?

For comparison, I use MT4 in Linux under WINE emulation and each terminal uses around 50Mb of RAM. Running multiple terminals no problem with 512Mb RAM and a 1.7Ghz Centrino CPU on Ubuntu Feisty. If your PC has a RAM drain, look at not only the badly written indicators but also your PC OS itself.

Can I have 2 MT4 on my phone?

You are only able to log into one account at one time on the application. However, you are able to switch between accounts if you wish to do so.

How do I switch between accounts on MT4?

To switch to another account, double-click on it in the Navigator. The trading platform can be configured to automatically disable trading after switching to another account. It helps protect against accidental deals performed by a trading robot working on that account.

Can I have two forex accounts?

Despite that obvious disadvantage, there are some reasons to use multiple trading accounts for trading: Seeking the best price. In terms of Forex trading, it means finding a broker (or account/platform within one broker) with best spreads or overnight swaps for your strategy.

Is 8GB RAM good for day trading?

For RAM, you need to have a minimum of 8GB if you are on a tight budget. For best performance, invest in 16GB of RAM or more. This will be sufficient enough to help you run all your trading software smoothly.

Is 4GB RAM enough for trading?

RAM (Random Access Memory)

RAM is measured in gigabytes, and built-in RAM will generally start at 4GB, but most traders should get at least 8GB of RAM (preferably 16GB).

Are gaming computers good for trading?

MYTH: You have to purchase a souped-up, high-end gaming computer to trade on. FACT: Gaming computers usually cost more than traders really have to spend. Traders don't need a graphics card that does fancy 3D acceleration better than any other other card on the market.

Can MT4 EA run on MT5?

After compiling the source code the way we did earlier by tapping the F7 key, you'll see that all errors are removed. We've covered the whole process of converting the MT4 EA to a suitable version that you can use on MT5. As a result, you can conveniently run it on the MT5 platform now!

How do I add an expert advisor to MT4?

To add an EA, open MT4 and then go to 'file' and then 'open data folder'. Choose 'MQL4', and then 'expert advisors' or 'indicators'. You can then copy the file you want to add into this location. Close and reopen MT4, and you should see the item in the navigator window.

How do you add EA to a chart?

Launch your MT4 platform. Look for the Expert Advisors section under the Navigator panel at the left side of the platform. Click on the Plus sign and the available EAs should be listed there. Click on the EA you want to install and drag it onto one of the charts on your platform.

Can I set stop-loss and take profit at the same time?

The problem is that using the default sell order options; you can only set 1 sell order at a time. This means you have to either place a “take profit” OR a “stop-loss” order. If you want to set both “take profit” and “stop-loss” orders simultaneously, you have to use the OCO option.

How many pips should my take profit be?

In general, the best ratio is 1:3, so the profit should be 3 times bigger than the loss. For example, if your Stop Loss equals 50 pips, the Take Profit should be 150 pips.

How many pips is a good stop-loss?

on the 5 minute charts something like 20-30 pips should do well. Relax and be happy. on the 5 minute charts something like 20-30 pips should do well.