Multiple Accounts

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.