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Best Method of Controlling Multiple MT4 Accounts at Once?

  • #1
  • First Post: Jan 9, 2012 5:58pm Jan 9, 2012 5:58pm
I'm looking into ways I can manage multiple accounts MT4 accounts at once.

I scalp, so to-the-fractional-pip accuracy in order execution is very important. This rules out using a signal service as a glue between accounts and most make money by marking up the spread or something silly like that.

I've looked into MultiTerminal but it seems you can only manage accounts from the same server, and since some accounts will be with different brokers I can't work with this.

I've also looked into FX Synergy, but their software is clunky and requires you to trade from within their platform.. Ideally I'd like to execute trades on one MT4 client and have them replicated on others.

Anyone have a suggestion?
FXGears.com
  • #2
  • Jan 9, 2012 7:26pm Jan 9, 2012 7:26pm
Quoting Jack_Larkin
I'm looking into ways I can manage multiple accounts MT4 accounts at once.

I scalp, so to-the-fractional-pip accuracy in order execution is very important. This rules out using a signal service as a glue between accounts and most make money by marking up the spread or something silly like that.

I've looked into MultiTerminal but it seems you can only manage accounts from the same server, and since some accounts will be with different brokers I can't work with this.

I've also looked into FX Synergy, but their software is clunky and requires...
Have you looked in to a trade copier?
Forex Tester makes one called Account Copier. Don't know of any free ones that work.
  • #3
  • Jan 9, 2012 9:06pm Jan 9, 2012 9:06pm
Quoting cyber1
Have you looked in to a trade copier?
Forex Tester makes one called Account Copier. Don't know of any free ones that work.
That's one of the cheaper options out there... I've seen a few others like that that cost ~$300 and this is around $180 for the multi-account option.

Mm... I'll try their demo and see if it fits...

Anyone else have a suggestion?
FXGears.com
  • #4
  • Jan 9, 2012 9:29pm Jan 9, 2012 9:29pm
Kinda Clunky but workable if you have limited data to share is writing to the hard drive and reading using a EA just for that. I have a couple EA's I do this with. I write the lotsize to disk from the master and read it using a reader EA and copy my trades to any platform I desire. If its your code (or you have the source) this solution works nicely.

http://articles.mql4.com/720
  • #5
  • Jan 10, 2012 4:22am Jan 10, 2012 4:22am
Forget all types of trade copiers flying around on the net. they are buggy and slow. Synchronizing accounts by writing and reading files to whatever medium is to complicated and again to slow. the only reliable way i found so far is to share data directly via memory or pipe. use mt4i's QuickChannel as a base for writing your own sync tools. it's reliable and super fast (1-5 ms sync time). most important, you need no incoming ticks for syncing.

http://www.mt4i.com/quickchannel.aspx
It takes blood, sweat and enough tears to wash away the blood.
  • #6
  • Jan 10, 2012 1:28pm Jan 10, 2012 1:28pm
Quoting emmzett
Forget all types of trade copiers flying around on the net. they are buggy and slow. Synchronizing accounts by writing and reading files to whatever medium is to complicated and again to slow. the only reliable way i found so far is to share data directly via memory or pipe. use mt4i's QuickChannel as a base for writing your own sync tools. it's reliable and super fast (1-5 ms sync time). most important, you need no incoming ticks for syncing.

http://www.mt4i.com/quickchannel.aspx

Thanks... MT4i has a trade copier built right on QuickChannel and it's free. . .

From what I can tell it only supports 2 machines at once (slave/master.) So I might outgrow it quickly, but I shall test it and see if it will fit my needs now.

http://www.mt4i.com/personaltradecopier.aspx
FXGears.com
  • #7
  • Jan 10, 2012 5:04pm Jan 10, 2012 5:04pm
I think this should solve your problem (copied from the manual):

2.4 Multiple senders and receivers

A sender and receiver are identified by a channel name, which you can control using the EAs' parameters. The default channel name is “MT4iTradeCopy”.

There should only be one sender EA and one receiver EA using a channel.
If you want to send trades from one copy of MT4 to 3 receiver copies of MT4, you should do the following:

· In the sender instance of MT4, run three different copies of the sender EA on different charts, using different channel names.

· In each receiver instance of MT4, you use one of the three channels you have set up in the sender.
It takes blood, sweat and enough tears to wash away the blood.
  • #8
  • Apr 13, 2012 12:43pm Apr 13, 2012 12:43pm
I am using MT4i Tradecopier and I find the receiving slave leaking memory. Every few days I have to restart MT4 to reset the memory. I tested several earlier version including the latest, they all leak memory. I wrote MT4i and no response. Anyone know how to fix this?
  • #9
  • Apr 13, 2012 12:56pm Apr 13, 2012 12:56pm
Quoting BullRun
I am using MT4i Tradecopier and I find the receiving slave leaking memory. Every few days I have to restart MT4 to reset the memory. I tested several earlier version including the latest, they all leak memory. I wrote MT4i and no response. Anyone know how to fix this?
What's it running on?

I'm not having that trouble on WinXP SP3, 32bit, MT4 build 409.

At least, not that I've noticed.. I'll double check again later tonight.
FXGears.com
  • #10
  • Apr 13, 2012 3:04pm Apr 13, 2012 3:04pm
Quoting BullRun
I am using MT4i Tradecopier and I find the receiving slave leaking memory. Every few days I have to restart MT4 to reset the memory. I tested several earlier version including the latest, they all leak memory. I wrote MT4i and no response. Anyone know how to fix this?

Memory leaks in MT4 are well known and were well discussed several years ago; it has nothing to do with a particular build. Probably that was because the older machines were memory bound at the best of times. But a lot of factors come into play like the number of charts open and number of indicators / EAs running. Remember MT4 is an old application before the days of "managed" code and garbage collectors.

Shutting down and restarting MT4 daily shouldn't be much of a problem and will handle any leaking. That is what I used to do before buying my latest machine. Asking Metaquotes or another vendor to fix seems fruitless to me.
  • #11
  • Apr 13, 2012 6:42pm Apr 13, 2012 6:42pm
Quoting Jack_Larkin
What's it running on?

I'm not having that trouble on WinXP SP3, 32bit, MT4 build 409.

At least, not that I've noticed.. I'll double check again later tonight.
Thanks, please update us and I like very much to know if other have same problem.
  • #12
  • Apr 13, 2012 6:44pm Apr 13, 2012 6:44pm
Quoting CodeMeister
Memory leaks in MT4 are well known and were well discussed several years ago; it has nothing to do with a particular build. Probably that was because the older machines were memory bound at the best of times. But a lot of factors come into play like the number of charts open and number of indicators / EAs running. Remember MT4 is an old application before the days of "managed" code and garbage collectors.

Shutting down and restarting MT4 daily shouldn't be much of a problem and will handle any leaking. That is what I used to do before buying...
I am using CNS VPS win2003 and diff. build did not helps. Every bit of memory on VPS is important so I noticed it. I run many many MT4 charts and i have never experience any leak. However as soon as I started using MT4i Tradecopier it started leaking. I removed it and memory is constant and as soon as I installed MT4i tradecopier on 4 of my MT4, it again started leaking about 150mb per day. I have to restart 4 of my MT4 every day otherwise my VPS will crash. Please help...
  • #13
  • May 8, 2014 12:19pm May 8, 2014 12:19pm
Quoting BullRun
{quote} I am using CNS VPS win2003 and diff. build did not helps. Every bit of memory on VPS is important so I noticed it. I run many many MT4 charts and i have never experience any leak. However as soon as I started using MT4i Tradecopier it started leaking. I removed it and memory is constant and as soon as I installed MT4i tradecopier on 4 of my MT4, it again started leaking about 150mb per day. I have to restart 4 of my MT4 every day otherwise my VPS will crash. Please help...
hi,

happen to me once, i ran 12 mt4 with mt4i and my vps crashed... luckily didn't make any loss.

do you guys happen to know any better trade copier?

thanks
  • #14
  • May 8, 2014 4:59pm May 8, 2014 4:59pm
This is one of the best possible I think.
  • #15
  • May 9, 2014 11:40am May 9, 2014 11:40am
It was a pretty profitable Week!
The forum is a great help.
Which you all a nice weekend
  • #16
  • May 9, 2014 11:52am May 9, 2014 11:52am
Quoting adleee84
i ran 12 mt4 with mt4i and my vps crashed... (...)
do you guys happen to know any better trade copier? thanks
I would consider changing the vps provider and/or switching to a better vps package ...
PM me with coding requests and I'll probably put you on my ignore list
  • #17
  • May 10, 2014 4:58pm May 10, 2014 4:58pm
Does anyone have pros and cons about four "trade copiers"?

(1) Forex Trade Copier http://www.forextester.com/AccountCopier.html
(2) Multi-terminal Power Trade Copier http://multiterminal.net/
(3) Trade Copier http://tradecopier.com/default.php
(4) MT4i http://www.mt4i.com/appstore/category.aspx?id=6

(4) is a free software.

Thanks!
  • #18
  • May 10, 2014 9:23pm May 10, 2014 9:23pm
Quoting Forexgogo
(4) MT4i http://www.mt4i.com/appstore/category.aspx?id=6 (4) is a free software. Thanks!
it is worth a try
PM me with coding requests and I'll probably put you on my ignore list
  • #19
  • May 11, 2014 8:25am May 11, 2014 8:25am
Quoting fxdaytrader_
{quote} it is worth a try
Because it's free? Or you think it's better than others in quality?
  • #20
  • May 11, 2014 11:33am May 11, 2014 11:33am
it is free and works fine (I am using it also) ...
PM me with coding requests and I'll probably put you on my ignore list
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