Signal Multiplier EA MT4/5 Installation Guide – Other – 7 September 2021

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Signal Multiplier EA MT4/5 Installation Guide – Other – 7 September 2021


Signal Multiplier EA MT4/5 Installation Guide

✔️ Signal Multiplier EA MT4©: https://www.mql5.com/en/market/product/68556

✔️ Signal Multiplier EA MT5©: https://www.mql5.com/en/market/product/68816

If you are an experienced user, read the Quick Setup Guide right below, if you are an inexperienced user, read carefully the Full Signal Multiplier EA MT4/5 Installation Guide that follows.

Quick Setup Guide

1. Load/attach the Signal Multiplier EA MT4/5 onto a chart (any chart will do) and click the Allow live trading (or Allow Algo Trading in MT5) and Allow modification of Signals settings in the EA’s Common tab.

SIGNAL MULTI MT4 SCREEN 1

SIGNAL MULTI MT5 SCREEN 1

2. In the Inputs tab go to the Lot Size Management section and if you want to multiply a signal’s trades, choose Multiplier from the Lot Size Type and in the Multiplier field put your desired multiplier value. For example if you put 2 it means that the EA will open an extra multiplied trade on top of the already copied from the signal one, with double the size of the original trade. So if the original signal trade in your account was 0.10 lots the extra multiplied trade that will be opened by the Signal Multiplier EA MT4/5 will be 0.20 lots. If you want an extra 0.05 lot trade to be opened (in addition to a 0.10 lots original trade) you should put 0.5 in the Multiplier field. 

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3. If you leave the rest of the settings as they are, your multiplied trades opened by Signal Multiplier EA MT4/5 will be closed instantly when the original copied signal trades are closed. For more details on the Inputs/Settings of the EA, read the Inputs file carefully: https://drive.google.com/file/d/1axcj1O8R3RKN5vP1BKCcC58LTGCPx-Vq/view

4. Then if you want to add the best protection for your account, go to the Emergency Trade Management section and put the Use Emergency Trade Management to true and enter below the Equity level of your account, that you would like the Signal Multiplier EA MT4/5 to close all open trades (original signal trades and multiplied trades) and start Hedging all new Signal trades that will be copied from that time onwards in your account, in order to save your trading account from any further losses. When you finish with this parameter, adjust any other settings you want and click OK.

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5. Then in order to setup your signal subscription open the MT4/5 >> Tools >> Options >> Signals tab, adjust the settings of your signal subscription and click OK. 

Now the signal subscription will open/synchronize on your trading account all the current running trades of the signal provider’s account and the Signal Multiplier EA MT4/5 will copy/multiply your signal trades instantly, according to your settings and requirements.

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6. At the end, go to your MQL5 VPS at the Navigator window and right click >> Synchronize experts, indicators and signal and you are finished with your setup. You can check the MQL5 VPS >> (right click) Journal to see that everything was synchronized correctly.

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WARNING: After you’ve synchronized your trading environment with your MQL5 VPS, you DO NOT NEED TO CLICK THE AUTO (ALGO) TRADING BUTTON AGAIN in your local MT4/5 terminal, because if you do, you will trade with your Expert Advisor twice and that is very dangerous!


Also you DO NOT TICK AGAIN the: Enable realtime signal subscription option in your local computer’s MT4/5 platform, because that way you will copy the signal twice and this is extremely dangerous!


A last thing you must know is that every time you need to make an adjustment in either your Signal subscription or your Signal Multiplier EA MT4/5, you must tick the: Enable realtime signal subscription in your local terminal’s Signals tab and click the Auto (Algo) Trading button in your MT4/5 terminal with your Signal Multiplier EA MT4/5 attached to a chart with your desired settings and then synchronize/migrate with your MQL5 VPS once again, for these updated settings to take effect and start working in the virtual server.

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If you are an inexperienced user, read carefully the Full Signal Multiplier EA MT4/5 Installation Guide that follows.

Full Signal Multiplier EA MT4/5 Installation Guide

In order to buy Signal Multiplier EA MT4/5 from MQL5.com Market you need to have a MQL5 community account. If you don’t have one, you can register here: https://www.mql5.com/en/auth_register

1. First make sure that you have the necessary funds required for your purchase in your MQL5 account, it’s always easier to pay with your MQL5 balance, than using a credit card during the buying procedure. 

2. Find Signal Multiplier EA MT4/5 in the MQL5.com website and open its product page. 

3. Click the Buy or Rent button to continue with your purchase.

MT4 EXPERT INSTRUCTIONS SM

4. Choose the payment method and click the green Next button to continue with your payment.

2 SM

5. After your payment is completed, you will need to open your MT4/5 terminal in order to download and install your Signal Multiplier EA MT4/5. 

6. When you open your MT4/5 terminal, you must make sure that you are logged into your MQL5 account with your MQL5 account login and NOT with your email, facebook or any other. For example my login is the last part of my profile url, in my case: eleanna74, the last part of: https://www.mql5.com/en/users/eleanna74

7. So, open the MT4/5 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.

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8. Then go down in the Terminal window and click the Market tab (in the bottom right side of the Toolbox window in MT5). On the left side of the Market tab (upper side on the Market window in MT5), click the Purchased option and then click the blue Install button on the right side of the product you’ve just purchased.

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9. After your Signal Multiplier EA MT4/5 is installed you may want to setup the email and push notifications of your MT4/5 terminal, in order to receive email and/or push notifications about your original signal or other source’s trades, your multiplied trades opened by Signal Multiplier EA MT4/5 and/or daily notifications about your trading account’s basic details, such as balance, equity and margin levels. Also you will be able to receive emergency notifications if your account’s equity drops below the emergency notification equity drops below your pre-defined level.

10. So you open MT4/5 >> Tools >> Options >> Email tab and you fill in the necessary details for your email and server, in order to receive your email notifications. Below is an example of the details that are required and a list of the most popular email providers and their SMTP settings.

  • In the From and To fields, you need to put your full name a comma and then your email again, for example: John Smith, johnsmith@gmail.com

List of SMTP Mail Servers: https://domar.com/pages/smtp_pop3_server

Gmail: smtp.gmail.com:465

Outlook-Hotmail: smtp-mail.outlook.com:587

Yahoo: smtp.mail.yahoo.com:465

iCloud: smtp.mail.me.com:587

Mail.com: smtp.mail.com:465

Mail.ru: smtp.mail.ru:25

Zoho: smtp.zoho.com:465

Gmx.com: smtp.gmx.com:465

SIGNAL MULTI MT4 SCREEN 6

11. In order to set up your push notifications, open the MT4/5 >> Tools >> Options >> Notifications tab and fill in your mobile device’s or tablet’s MQL5 ID number, in order to receive your push notifications to those devices. You can find these MQL5 ID codes in your MT4/5 mobile app, if you click in Settings >> Messages. 

You can also find your MQL5 IDs in your MQL5 account’s profile >> settings >> security.

mql5 id

If you choose to receive your transactions push notifications from the Signal Multiplier EA MT4/5 settings, you should not tick the Notify of Trade Transactions option because if you do you will receive your transactions notifications twice.

SIGNAL MULTI MT4 SCREEN 7

12. After you’ve finished setting up your notification details, you may want to put your Signal Multiplier EA MT4/5 to work. So, open any chart of any symbol at any timeframe and then from the left side of your MT4/5 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it).

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13. The Expert Advisor’s settings window will open. In the MT4 terminal you click the Allow live trading option and the Allow modification of Signals settings on the Common tab and click OK. In the MT5 terminal you tick the Allow modification of Signals settings and the Allow Algo Trading options and click OK.

SIGNAL MULTI MT4 SCREEN 1 1

SIGNAL MULTI MT5 SCREEN 1 1

14. Then you go onto the Inputs tab and adjust the Expert Advisor’s settings according to your requirements. After you’ve finished adjusting your settings, click the OK button.

A detailed description of all Signal Multiplier EA MT4/5 settings you can find here: https://drive.google.com/file/d/1axcj1O8R3RKN5vP1BKCcC58LTGCPx-Vq/view

SIGNAL MULTI MT5 SCREEN 2

15. After you’ve closed the Expert Advisor’s window, you will see that there is a sad face (or a red sign in MT5) on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto (Algo) Trading button and instantly the sad face will smile (the red sign will turn green in MT5). Now your Signal Multiplier EA MT4/5 is working.

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16. In order for the Signal Multiplier EA MT4/5 to monitor and copy/multiply your signal subscription’s copied trades, you need to set up your Signal’s settings too. If you haven’t subscribed to your prefered signal yet, you can follow the following instructions in order to do so:

How to Subscribe to MQL5.com Signal

https://www.mql5.com/en/forum/189731  (MT4)

https://www.mql5.com/en/forum/336422  (MT5)

 

ATTENTION: Make sure that you don’t synchronize your signal subscription to your MQL5 VPS, unless you have set up Signal Multiplier EA MT4/5 too. The last few steps of the above instructions, describing the synchronization/migration of your signal subscription to your MQL5 VPS, have to be completed, after you’ve finished your Signal Multiplier EA MT4/5 set up too (up to step 15 of this installation guide).

That means that if you want your signal subscription and your Signal Multiplier EA MT4/5 to work together, you must synchronize/migrate them together to your MQL5 VPS. The procedure is described in the steps below.

17. The only thing that remains to do is to make sure that you will not suffer any power or network disruptions and that can be accomplished by employing a MQL5 VPS (virtual private server), in order to have your Signal Multiplier EA MT4/5 trading on the cloud 24/7 around the clock.

 

18. If you haven’t purchased yourself a virtual server for your trading account, you right click on your account number in the Navigator window and you choose >> Register a Virtual Server.

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17. In the Virtual Hosting Wizard window that opens, you choose the plan that suits you and click the Next button.

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18. Then you complete your payment. I suggest having the necessary funds available in your MQL5 account and use the MQL5 method of payment on the left. 

19. After you’ve completed your MQL5 VPS purchase, you need to synchronize your trading environment with your virtual server. You right click on the MQL5 VPS in the Navigator window and choose >> Synchronize experts, indicators and signal, in order to synchronize both your Signal subscription’s settings and your Signal Multiplier EA MT4/5 to your MQL5 VPS.

SYNXHRONIZATION ALL MT4

20. After a few seconds, the smiling face of your Expert Advisor will turn sad again (and the green sign will turn red again in MT5) and the Auto (Algo) Trading button will be turned off. Also the: Enable realtime signal subscription option in the Signals settings will be unticked. That means that your trading environment was successfully synchronized with your MQL5 VPS. 

21. In order to make sure that your synchronization was successful, you need to check the MQL5 VPS Journal logs. You right click on your MQL5 VPS in the Navigator window >> Journals.

JOURNAL MT4

22. In your MQL5 VPS’s Journals logs, you need to look for the below message: 1 Chart, 1 EA, 0 custom indicators, signal enabled, last known ping to …. is … ms.

23. That means that your Expert Advisor and your Signal Subscription were successfully synchronized/migrated and now trade in the cloud environment. 

24. Now you can close your MT4/5 terminal and computer and be assured that your Signal Multiplier EA MT4/5 and your Signal Subscription will trade 24/7 without any problems or interruptions. 

25. The only thing you need to do every day or two, is to check your MQL5 VPS Journal, in order to make sure that everything runs smoothly. 

WARNING: After you’ve synchronized your trading environment with your MQL5 VPS, you DO NOT NEED TO CLICK THE AUTO (ALGO) TRADING BUTTON AGAIN in your local MT4/5 terminal, because if you do, you will trade with your Expert Advisor twice and that is very dangerous!

Also you DO NOT TICK AGAIN the: Enable realtime signal subscription option in your local computer’s MT4/5 platform, because that way you will copy the signal twice and this is extremely dangerous!

A last thing you must know is that every time you need to make an adjustment in either your Signal subscription or your Signal Multiplier EA MT4/5, you must tick the: Enable realtime signal subscription in your local terminal’s Signals tab and click the Auto (Algo) Trading button in your MT4/5 terminal with your Signal Multiplier EA MT4/5 attached to a chart with your desired settings and then synchronize/migrate with your MQL5 VPS once again, for these updated settings to take effect and start working in the virtual server.

✔️ Signal Multiplier EA MT4©: https://www.mql5.com/en/market/product/68556

✔️ Signal Multiplier EA MT5©: https://www.mql5.com/en/market/product/68816



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