Multiple Accounts/MetaTraders (scroll down for Remote)

And why you MIGHT need them

So you were trading manually, with one broker and you were successful. You only want to automate it, so why change anything else?

You can add another level of diversification.

No matter how happy you are with your current trading strategy, you can never be sure if it goes profitable next week or month. Sometimes it goes excellent, sometimes so-so and sometimes you are just grateful it didn’t lose much. So you prefer to play it safe and make entries with smaller part of your capital. That’s fair and per every trading book.

But you could split your trading money into separate accounts (two or more) - one with the typical leverage you are trading with and one with more risky one. If you apply the same strategy to all of these trading accounts and the strategy generates mediocre results, then losses in your riskier account should be covered by the typical leverage trading (if you balance the risk correctly). So you still don’t lose. But if you hit a profitable week or month and you make nice income on your typical trading account, the higher leverage account might notice higher profits.

That’s where “Multiple Accounts” license comes in handy. You deliver the same signals to multiple accounts (multiple MetaTraders, possibly from different brokers) running on the same computer without any additional effort.

Disclaimer: None of the above is financial advice. Do your own research and risk calculation.

Remote Multiple Accounts/MetaTraders

So you would like to execute trades simultaneously in multiple MetaTraders, but they cannot be running on the same PC? No problem at all :)

The architecture of this solution is quite simple: one PC (“The Manager”) runs TradingConnector.EXE + Chrome Extension, while all other PCs (“Recipients”) connect their MetaTraders with TradingConnectorEA to The Manager’s IP address.

The Manager needs Remote Multiple Accounts license, while the Recipients don’t need any license at all.

HOW TO SET IT UP

  1. First, The Manager needs to figure out the IP address his PC is connected to the Internet at - This can be checked using free tools like https://www.whatsmyip.org/. IP address needs to be in Public class, not Private - to ba accessible from the outside.

  2. Second step for The Manager is to open port 11111 in the Firewall of his Windows PC. This tutorial shows how to do it in just a few clicks: https://tryrdp.com/blog/open-ports-on-windows-server/

  3. Lastly, Recipients must enter the The Manager’s IP address into “IP address” field inside EAconfig of TradingConnectorEA installed on their MetaTraders. That’s all!