How to broadcast a signal from my MT4 to 100s of other MT4 accounts? | Forex Factory

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How to broadcast a signal from my MT4 to 100s of other MT4 accounts?

  • #1
  • First Post: Mar 18, 2010 10:41am Mar 18, 2010 10:41am
Is there anyway or any program that can help me manage other MT4 accounts by sending the signal once? maybe a custom program like the one at zulu or collective2

Like letting my investors just enter their mt4 info and then they get all my trades on their account all at once?

It's really annoying trying to enter the same trade for over 70 accounts manually so I am sure there must be a way around that...

Thanks
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  • #2
  • Mar 18, 2010 11:07am Mar 18, 2010 11:07am
One way is to create a very simple program in Visual Basic that will control all the MT4 platforms. it is clearly explained in youtube.com.
  • #3
  • Edited 11:40am Mar 18, 2010 11:13am | Edited 11:40am
Quoting FXplode
Is there anyway or any program that can help me manage other MT4 accounts by sending the signal once? maybe a custom program like the one at zulu or collective2

Like letting my investors just enter their mt4 info and then they get all my trades on their account all at once?

It's really annoying trying to enter the same trade for over 70 accounts manually so I am sure there must be a way around that...

Thanks
Maybe using an EA of sorts to update a URL that other MT4 accounts can read, like
GBPUSD Buy="value"&Stoploss="value"&TakeProfit="value"
GBPUSD Close="magicnumber"

And there are some commerical ones around like http://www.olykit.com/products/MT4TBcopy.html

.....but I don't think it would be suitable for scalping
  • #4
  • Mar 18, 2010 1:01pm Mar 18, 2010 1:01pm
How often do trades occur? Since you're manually placing trades in 70 accounts, I'd say there is plenty of time for trades to be placed, yes?
  • #5
  • Mar 18, 2010 1:40pm Mar 18, 2010 1:40pm
I place about 6 trades a week I am not a scalper I enter about twice a week each time with 3 positions
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  • #6
  • Mar 18, 2010 1:55pm Mar 18, 2010 1:55pm
There's no reason why you can't setup an account copier on your computer, unless you want to give your clients reader EAs which will check a webpage for signals from your feeder EA.
  • #7
  • Mar 18, 2010 1:58pm Mar 18, 2010 1:58pm
So how can I set an account copier? do I need a programmer to do it for me? Or is there a ready made software than can do so?
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  • #8
  • Mar 18, 2010 2:03pm Mar 18, 2010 2:03pm
http://download.cnet.com/Meta-Trader...-10731863.html
  • #9
  • Mar 18, 2010 2:20pm Mar 18, 2010 2:20pm
I downloaded the copier and installed it, I get the impression that I have to open all 70 mt4 charts at the same time which is impossible
I hope I am wrong
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  • #10
  • Mar 18, 2010 2:24pm Mar 18, 2010 2:24pm
So I guess if I have 10 accounts at the same broker I will have to copy 10 folders of their MT4 and open em all at the same time I think this is the only way to do it
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  • #11
  • Mar 18, 2010 3:09pm Mar 18, 2010 3:09pm
Quoting FXplode
So I guess if I have 10 accounts at the same broker I will have to copy 10 folders of their MT4 and open em all at the same time I think this is the only way to do it
You could ask your broker whether he has a better solution to this problem. Oanda for example would allow you to manage many client accounts automatically, maybe there is something similar for MT4 brokers?
  • #12
  • Mar 18, 2010 3:39pm Mar 18, 2010 3:39pm
The thing is that i am managing accounts at different brokers so broker solution will only be used for those who have accounts at that same broker which is not the case.. The MT4 copier is pretty good I just need to find out how to open 70 MT4 clients at the same time
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  • #13
  • Mar 18, 2010 4:18pm Mar 18, 2010 4:18pm
Quoting FXplode
The thing is that i am managing accounts at different brokers so broker solution will only be used for those who have accounts at that same broker which is not the case.. The MT4 copier is pretty good I just need to find out how to open 70 MT4 clients at the same time
Quite possible, just need a lot of ram. =)
  • #14
  • Mar 18, 2010 4:25pm Mar 18, 2010 4:25pm
Yeah I am gonna put those 4Gigs into test Thanks Ronald for the link!!
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  • #15
  • Mar 18, 2010 8:44pm Mar 18, 2010 8:44pm
looks like MT4 copier is not working well under vista dammit
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  • #16
  • Last Post: Mar 18, 2010 9:45pm Mar 18, 2010 9:45pm
Beyond MT4's multiterminal (more info here), RickD (aka Stanislav Shabanov) has developed a Multitrade FX expert which may help you. Try Googling it.
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