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Two instances, same account

  • #1
  • First Post: Jun 17, 2007 6:37am Jun 17, 2007 6:37am
Hello!

recently I've been thinking about such situation:

I have my position open with trailing stop set. Problem is that trailing doesn't work when the MT4 terminal is offline.
From now to tomorrow noon I'll have no access to the internet because I'll be in journey. I have my PC at home and another with me (laptop). Both have MT4 installed and functioning with my account.
Let's assume I'll leave my home PC online with MT running and trailing my stop after session opens today.
Question is: What will happen when I'll run my second MT on my laptop tomorrow noon?
I tried to run them both at the same time and both seem to be working in paralel, but have no idea what will happen after I made some changes (open/close trade, TralilingStop moves etc...)

Best would be if the first terminal would go offline at the moment of second connection, but it doesn't happen...

Did anybody try that?
Thomas
  • #2
  • Jun 17, 2007 7:41am Jun 17, 2007 7:41am
Quoting thomass
Hello!

recently I've been thinking about such situation:

I have my position open with trailing stop set. Problem is that trailing doesn't work when the MT4 terminal is offline.
From now to tomorrow noon I'll have no access to the internet because I'll be in journey. I have my PC at home and another with me (laptop). Both have MT4 installed and functioning with my account.
Let's assume I'll leave my home PC online with MT running and trailing my stop after session opens today.
Question is: What will happen when I'll run my second MT on my laptop tomorrow noon?
I tried to run them both at the same time and both seem to be working in paralel, but have no idea what will happen after I made some changes (open/close trade, TralilingStop moves etc...)

Best would be if the first terminal would go offline at the moment of second connection, but it doesn't happen...

Did anybody try that?
Hi thomass,

Your trades are placed on your broker's server and the MetaTrader platform is just like a window to your trading environment. If you keep two instances open then you see the environment from two windows.

Opening the second window does not disable the first one and/or even the capability of the first one to send requests to the server so you need to be careful.

I personally never open two instances of the platform to the same account. Instead I use Gotomypc to connect to my PC at home and manage my account virtually from anywhere in this world. They offer you a 30 day trial period so you can see if this is a solution to your problem.

BTW, one of my clients opened two instances of his platform one on his laptop and the other one on his home PC and the EA initiated the same trade twice for him so it is important to avoid such situations.


Good Luck,
Al
  • #3
  • Jun 19, 2007 3:42am Jun 19, 2007 3:42am
Quoting aparsai
Hi thomass,

Your trades are placed on your broker's server and the MetaTrader platform is just like a window to your trading environment. If you keep two instances open then you see the environment from two windows.

Opening the second window does not disable the first one and/or even the capability of the first one to send requests to the server so you need to be careful.

I personally never open two instances of the platform to the same account. Instead I use Gotomypc to connect to my PC at home and manage my account virtually from anywhere in this world. They offer you a 30 day trial period so you can see if this is a solution to your problem.

BTW, one of my clients opened two instances of his platform one on his laptop and the other one on his home PC and the EA initiated the same trade twice for him so it is important to avoid such situations.


Good Luck,
Al
Hmm, the issue with the same trade twice seems to be quite probable...
Thomas
  • #4
  • Jun 19, 2007 5:55pm Jun 19, 2007 5:55pm
Hey Thomass,

Ive just been testing this very same problem, running multiple instances.

And it can become very tricky indeed, you have to have a very good memory, as to whats running on what PC,

The most simple and cost effective answer is logmein dot com, its free and very good , just as aparsai said you can log in from anywhere in the world with a minumum of fuss, and all that is needed is that the base or host PC is on and has the "log me in" installed and running.

Once you log in its just like sitting in front of the Pc at home , try it mate its free.

Hope this helps , I love it , its the answer to my problems.

Regards Marty
  • #5
  • Jun 19, 2007 6:21pm Jun 19, 2007 6:21pm
Quoting martaroony
Hey Thomass,

Ive just been testing this very same problem, running multiple instances.

And it can become very tricky indeed, you have to have a very good memory, as to whats running on what PC,

The most simple and cost effective answer is logmein dot com, its free and very good , just as aparsai said you can log in from anywhere in the world with a minumum of fuss, and all that is needed is that the base or host PC is on and has the "log me in" installed and running.

Once you log in its just like sitting in front of the Pc at home , try it mate its free.

Hope this helps , I love it , its the answer to my problems.

Regards Marty

I haven't tried it yet, but I think the solution you proposed is similar to the VNC which I use now, but my home PC is behind a NAT I have no admin access to. So far it works only in reverse direction (home PC->NAT->laptop), which is not very useful for me.
I've been trying several tricks with intermediate hosts with public IP, but don't have time now to solve the problem now.
Anyway, I think that the idea with two instances would work with the assumption that you are careful with waiting trades (sell stop etc), otherwise you may accidently open double position in some situations if you place it in both terminals.
My purpose is basically only to have trailing stop by the time I'm in journey or things like that. I don't need other functionalities. So the simplest what I'm thinking about now is to program my home PC to automatically shutdown the "home" MT terminal at some hour and then use the other one. No conflict potential then.
Thomas
  • #6
  • Jun 19, 2007 9:02pm Jun 19, 2007 9:02pm
  •  tesla
  • Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
LogMeIn is the bomb. It uses http tunneling so there's no issue with firewalls (it cuts through 'em like butter). The free version is perfect, the pay version adds some stuff like file transfering but it's not really needed. It's web-based so you can access your machines from any browser. Also... you don't need to manage IP addresses and such.

And... did I mention it's free?

Check it out
  • #7
  • Jun 20, 2007 1:38am Jun 20, 2007 1:38am
Hey Tesla,

Its the bomb alright, Im wrapped with it , Im no IT expert so the fact that I could set it up with no IP configuration, was great .

Its the best thing since sliced bread,

Have you been using it for a while or just since I mentioned it ?

One question I do have Tesla ,which you would have a better idea than I, How secure is a service like "Logmein", Say for instance you were to use a foreign PC to log in to your desktop????

If your Travelling Laptop went down on you ???
and you used a hotel provided PC to connect , what would the possible Security problems be ????

Regards Marty
  • #8
  • Jun 20, 2007 11:35am Jun 20, 2007 11:35am
  •  tesla
  • Joined Oct 2006 | Status: Friendly Neighborhood Programmer | 533 Posts
Quoting martaroony
Hey Tesla,

Its the bomb alright, Im wrapped with it , Im no IT expert so the fact that I could set it up with no IP configuration, was great .

Its the best thing since sliced bread,

Have you been using it for a while or just since I mentioned it ?

One question I do have Tesla ,which you would have a better idea than I, How secure is a service like "Logmein", Say for instance you were to use a foreign PC to log in to your desktop????

If your Travelling Laptop went down on you ???
and you used a hotel provided PC to connect , what would the possible Security problems be ????

Regards Marty
I've been using LogMeIn for quite awhile. It's perfect for us techies who get alot of calls from family that go something like this: "I was typing my email and the picture got smaller when I moved the box, can you fix it?"

With regards to security... whenever you're using a pc that's not yours, it can get ugly. There's always the possibility that you screen and keyboard I/O are being captured. Best way to avoid that? Simply don't use that pc for access to sensitive information.

Here's what LogMeIn has to say about their security:
Yes. To prevent unauthorized access, LogMeIn requires you to enter separate passwords to access both your LogMeIn account and your Target PC's Windows login. LogMeIn uses 128- to 256-bit encryption to protect your passwords and data. It also includes such active defense features as IP filtering and lockout.

SSL, or Secure Sockets Layer, is a protocol used to encrypt data transmitted over the Internet. The SSL protocol is used by web sites that request confidential data such as credit card numbers or other private information. Web sites that use the SSL protocol have URLs that begin with https: rather than the standard http:. LogMeIn uses SSL to protect the data you transmit when accessing your computers remotely, as indicated by the padlock icon that appears when you visit the LogMeIn web site.
  • #9
  • Last Post: Jun 20, 2007 10:24pm Jun 20, 2007 10:24pm
Quoting tesla
I've been using LogMeIn for quite awhile. It's perfect for us techies who get alot of calls from family that go something like this: "I was typing my email and the picture got smaller when I moved the box, can you fix it?"

With regards to security... whenever you're using a pc that's not yours, it can get ugly. There's always the possibility that you screen and keyboard I/O are being captured. Best way to avoid that? Simply don't use that pc for access to sensitive information.

Here's what LogMeIn has to say about their security:
Yes. To prevent unauthorized access, LogMeIn requires you to enter separate passwords to access both your LogMeIn account and your Target PC's Windows login. LogMeIn uses 128- to 256-bit encryption to protect your passwords and data. It also includes such active defense features as IP filtering and lockout.

SSL, or Secure Sockets Layer, is a protocol used to encrypt data transmitted over the Internet. The SSL protocol is used by web sites that request confidential data such as credit card numbers or other private information. Web sites that use the SSL protocol have URLs that begin with https: rather than the standard http:. LogMeIn uses SSL to protect the data you transmit when accessing your computers remotely, as indicated by the padlock icon that appears when you visit the LogMeIn web site.
As far as I know GotoMYPC uses CITRIX technology which is fairly safe. It costs you money though. I'm paying $19.99 per month to access two of my PCs.
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