Part 2 Meta Trader 4 Show – How to install the MT4

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Part 2: Meta Trader 4 Show – How to install the MT4?

Welcome to the second part of our show about the program Meta Trader 4. If you do not know what that is, I suggest you first read this article.

MT4 Download

You can download Meta Trader 4 for free directly from our site, if you have not done so already, here is the link. You can download it for example here.

MT4 Installation

After downloading the, software must be installed. Double-click on the icon of the file you have just download and go through the instalation process. Then, open the folder where the program was installed and launch the program by double-clicking on the file Terminal.exe.

Opening an account with MT4

To be able to start using MT4, you need to create an account first. We do this immidiately after the first run (of the program).

  • Run the Meta Trader 4
  • Click on NEXT
  • Choose New demo account and click NEXT
  • Fill in all the boxes, tick the agreement and click NEXT
  • Our data appears. Copy them for future use!

After clicking on finish and the program will log you in automatically.

Explanation of the MT4 user interface

  • A – Current rates
  • B – Other choices, we will talk about what each button does in one of the upcoming episodes
  • C – Navigator (for inserting indicators and more)
  • D – Opened graphs

In the next episode i will show you how to add simplest indicators and strategies into the program and we will also start trading.

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

FXDailyReport.Com

Anyone who has traded with the Metatrader 4 (MT4) and indeed any platform in the forex market knows that there are many things that could happen which could alter the outcome of trades. Some of these issues have to do with internet connectivity, speed of the networks and trading servers as well as the distance of trading stations from brokerage server centers. All of these issues affect the transmission of price and order data across the various points in the entire transmission process that leads to execution of orders. Of course, no trading can go on when the trading station itself is switched off, either deliberately or as a result of a problem with the hardware device itself.

It is for these reasons that the forex virtual private servers were devised. These Virtual Private Servers (VPS) are also known as remote computers. They can perform the role of the native trade stations, including hosting of the trading platforms as well as hosting of the software that can conduct automated trading. This tutorial will cover how you can host your instance of the MT4 on a virtual private server, so you can transfer trading activity to your VPS away from your trading computer if the need arises.

Your MT4 can run on a forex VPS using what is known as a Remote Desktop Connection. This allows you to connect your device and any files within it (including your MT4 client) to another computer or server which is running Windows, provided that computer in internet-connected. After connection, it will just be as if you are trading from your own PC directly.

The Process

This tutorial will cover connection of the MT4 from a Windows PC to the VPS of your provider. All Windows PC versions come with a Remote Desktop Connection Manager. This manager is what is used to initiate and complete the connections to the remote computer.

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A VPS is just another computer whose server is in another location, under controlled conditions. However, these servers can be dedicated solely for use of running trading software and programs. A VPS is setup to run 24/7, without network interruptions or downtimes, even when the parent computer is switched off. Usually a forex VPS comes with pre-set features for the plan being purchased.

A forex VPS comes ready to go. So if you have an active subscription to a forex VPS, all you need to do is to go through these steps to install your MT4 client on to the VPS for continuous operation.

Step 1:

Download the executable (i.e. setup or .exe) file of your MT4 platform to your PC or laptop. If possible, put it in a special folder you can name “Upload”, which will hold all the files you will add to your VPS. You can get this by registering an account with a broker that offers the MT4 platform. After registration, you will be sent the download link by email.

Step 2:

Connect your local drive (which holds the Program Files where the executable MT4 file is stored) to your VPS using the Remote Desktop Connection Manager. In order to effect a connection to your VPS (i.e. the remote server/computer), ensure that you are connected to the internet. Being connected to the internet is what gives you network access to the remote computer. You must also have the required permissions to connect (such as a username and password access).

  • Click the Start button -> right-click Computer -> click Properties.
  • Next, click Remote settings. Enter the administrator password to provide confirmation if prompted to do so. Under Remote Desktop, select one of the three options.

You have to ensure that your C Drive is available for connection. Click on Options (bottom left on screenshot above, then click on the Local Resources tab, -> click on More -> click on the + sign beside Drives, then select the C Drive by checking the check box. Click OK to complete the process.

This action returns you to the Remote Desktop Connection home screen. Click on Connect to connect your computer to the VPS.

Enter the password required to login and complete the VPS connection. This completes the process of connection. Once connected, you should be able to see the connected VPS icon in your computer’s local disk folder.

Step 3:

Execute your MT4 client on the remote computer from your local drive. What you need to do is to copy the folder containing the .exe setup file (which you had earlier placed in a special folder known as Upload; could be any name you ascribe to it) from the C:/ on Windows location (shown by the arrow in the snapshot above), and paste it into the Local Drive C: location.

Step 4:

Unpack the MT4 installation file by clicking the MT4.exe file contained within the Upload folder in the local drive (now linked to the remote computer or VPS). This is done by simply double clicking the file, so that the MT4 is installed.

Ensure that the correct file path is chosen when doing the MT4 installation. This is done by checking the file path in the dialog box of the initial screen which pops up during installation. Once you are done, that’s it. Login with your MT4 account number and password to start using your MT4, now connected to the VPS of your provider.

Part 16: Meta Trader 4 Show – Installing MT4 on Mac

Recently, we have seen a mounting number of questions from Apple users. People are asking: “How to install Meta Trader 4 on Mac?” or “The installation of MT4 doesn’t work. Isn’t it because I have a Macbook?“.

To be honest, I have never had any Apple device so far, so I was not in the position to answer such questions. Yet, one day I was offered the opportunity to install MT4 software on MacBook to try it out. The result of my effort is this short guide so that all of you who like trading can see (using our or your own strategies) how this thing works.

What to do if you are a Mac user

You can either follow the official guide, which is available in English at the website metatrader.com. This guide is far more detailed than the one you are reading now. However, The method I “invented” is easier but has a small hitch. So keep on reading..

How to install MT4 on Mac – guide

  • 1. First of all, very much like with Windows, you have to sign up for a DEMO account (toll-free) with the forex broker XM. You can do it here: Set up demo account needed for MT4. Except for your e-mail, all other details you enter can be made up. Remember the password.
  • 2. Click on the message you received by e-mail to confirm your account. Once a green button displays, download MT4. Choose a version for MAC and download it. Install the MAC version.
  • 3. After the traditional installation process has finished, the system will display MT4 (the appearance is much like that of Windows 98).
  • 4. Run the installed MT4. So far so good, everything works.. Now chooseDEMO server from the server list displayed on your screen. Fill out your ID (received by e-mail) and the password you entered during the registration.

Running MT4 on a mac

File copy problems

This method of installing and running MT4 works – but as I said before – there is a small hitch in it. You will not be allowed to get into the “data folder”, you will not be able to run any indicators and templates including those downloaded from the internet.

To overcome this obstacle you must do one more thing. Clicking on File -> Open data folder at the top on the left is too little to get into the data folder on Mac.

Instead, you must take the following steps:

  • 1. Open the finder and select Applications
  • 2. Click with the right button on the XM MT4 logo (or with two fingers on your trackpad)
  • 3. Choose option 2 of the menu (Show Package Contents)
  • 4. Make a few clicks …. drive c ->Program Files ->XM MT4
  • Now you have arrived at the data folder. Copy all templates into the templates, placed in the data folder. Copy all indicators into MQL ->Indicators, in the same place.

I hope this will help you a bit with the installation of MT4 on Mac. If you encounter any problems do not hesitate to contact me in the comments box under this article. This may help not only you but also some other people looking for the answer to the same problem as you did.

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

5 Responses to “Part 16: Meta Trader 4 Show – Installing MT4 on Mac”

c drive does not appear when i click open content just contents thats it help

Hi, I need help with file copy problems please. I followed your instructions to copy templates so went into the program files through applications, then i copy the templates but when i go back to the data folder it wont paste, however when i click on the template folder all of the templates are there. BUt when i open XM platform the templates option doesn’t show.

Hi Melanie, can you use any other templates? Or can you not use any at all?

Could you explain, on MAC OS, how to install MT4 in order to run multiple instances of MT4 with different accounts from same broker?

Thanks and regards,

Hi Laurent, I am not quite sure unfortunately how to do that specifically. Maybe try using the software called “WineBottler” for installing .exe microsoft files. This might let you install multiple versions of the same software with different names to be run separately. Hope I helped.

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