How to Do a Metatrader Sync Between Multiple Computers

MT4 – How to download and install the program on your computer. How can you make money on automated trading FOREX

Save Templates, Profiles and Price Charts Image Files on MT4

 

Saving templates and profiles on MT4 can save you a lot of time and energy, specially when you check several charts and currency pairs at the same time.

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What Is MT4 Template?

Template is a small file that everything you have on a chart, including objects, indicators and even colors, can be saved and recorded on it. Then, instead of adding the same things to a newly opened chart from the scratch, you can easily apply the template on it, and everything will be added to the chart automatically. This saves you a lot of time.

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Besides, if you want to have the same color, objects, indicators, and… on too many charts at the same time, you can easily save the template as with “default” as the name. If so, whenever you open a new chart, the default template will be applied on it automatically, and you will not have to apply it manually for each new chart you open. This also saves a lot of time.

To create a template file on MT4:

1. Press Ctrl+M to open MT4 market watch.

2. Right click on the name of a currency pair, for example EUR/USD, and click on “Chart Window” to open EUR/USD price chart.

3. If you want to create a “default” template, then you can choose the time frame for the opened chart, so that the default template changes the time frame of the newly opened charts also. Otherwise, you will have to change the time frame of the newly opened charts manually.

4. Change the chart colors if you want.

5. Add the indicators you want to have on the chart.

 

6. When you are done with customizing the price chart, right click on the chart, click on “Template” and click on “Save Template…”. Enter a name for the template and click on the “Save” button. As I mentioned earlier, if you enter “default” as the template name, then the template will be applied automatically on all the next price charts that you will open, otherwise you will have to apply the template on the price chart on your own.

This is how a “default” template works:

To apply a non-default template (a template which has a different name than default), you can right click on the price chart, click on “Template” and click on the name of the template on the opened menu:

What Is MT4 Profile?

You can save multiple price charts that you open in one instance as a group named profile. You can have several profiles on each instance of MT4. For example, you can have one profile named “Daily” for the daily price charts of the currency pairs you follow, and a separate profile for the weekly and monthly charts. Therefore, whenever you want to check the weekly time frame, you can just open the weekly profile and see the weekly charts, so that, you will not have to change the charts time frames one by one. This also saves you a lot of time.

To save profiles on MT4:

1. Open the charts you want and apply the template on them (watch the above video).
2. When you are done, tile the price charts, refer to the “File” menu at the top, click on “profile” and click on “Save As…”.
3. Enter a name, for example “Daily”, and click on the OK button.
4. Save another profile and name it, for example Weekly.
5. Change the charts time frame to weekly (click here to see how you can do it all at once using a script).
5. Repeat the above process to have the other profiles you need.

To load profiles on MT4:

Refer to the “File” menu at the top, click on “Profile”, and click on the name of the profile you saved.

Any changes you make on a profile, for example you open or close some charts, it will be saved automatically when you shut down the platform or switch to another profile.

How to Save MT4 Price Charts As Image Files

As far as I can see, some traders still don’t know how to save the MT4 price charts as image files. They use some other tools like the computer keyboard’s PrntScr button which is a not a good and easy way because it takes a screenshot from the whole computer screen that you will have to crop and save it using an image editor software.

It is very easy to save the MT4 price charts as image files. You need to do it when you want to keep the track of your trades, testing your gekko trading bot and recording the good and bad trade setups, or sharing your analysis with the other traders.

 

How can you do that?

1. Refer to the File menu at the top left of MT4 platform and click on “Save As Picture…”.

Refer to the File menu at the top left of MT4

 

Or, you can right click on the price chart and click on “Save As Picture…”.

Or, you can right click on the price chart and click on “Save As Picture…”.

2. The “Save As Picture” window will be opened:

The “Save As Picture” window will be opened:

 

It gives you some good options to choose how to save the chart:

The first option which is “Active workspace” saves the whole platform window which is what you usually don’t need, because you usually want to have the price chart only, and the MT4 toolbars and… have no importance to you. This is the image that will be saved if you choose the “Active workspace” option:

It gives you some good options to choose how to save the chart:

 

The second option which is “Save chart (as is)” is usually what we need. It merely saves the price chart with the same dimensions you have it on your computer screen. This is the image that will be saved if you choose the “Save chart (as is)” option and click on the OK button. Of course, after clicking on the OK button you can choose a file name for the chart you are saving.

The second option which is “Save chart (as is)”

 

The third option which is “Active chart” enables you to save the chart with any dimensions you want:

The third option which is “Active chart”

 

There is one more great feature on the “Save As Picture” window that can be a big help to you. You can choose one of the above options and then if you check the “Post image online in MQL5 Charts service and get the link”, the saved image file will be uploaded to the MQL5 site and the page that the image is loaded on, will be opened on your internet browser automatically.

You can copy the image link and send it to anybody you want or post it on a forum or comment form. You can delete the image from MQL5 site whenever you want. You don’t have to enter anything in the big text box below the “Post image online in MQL5…” checkbox. Just leave it empty. No data from your trading account, computer and personal information will be shared. Just the image file will be uploaded:

There is one more great feature on the “Save As Picture”

 

Click on the OK button when you are done.
This is the MQL5 page that will be opened if you check the “Post image online in MQL5 Charts service and get the link” checkbox and click on the OK button:

Click on the OK button when you are done.

 

The “Post image online in MQL5 Charts…” feature saves you a lot of time, because you will not have to save the image file on your computer first and then upload it to an image hosting site like TinyPic.com to get the URL. MT4 does everything for you and gives you the image file link to share with the others.

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How to Do a Metatrader Sync Between Multiple Computers

How to Do a Metatrader Sync Between Multiple Computers

 

Even if you only have one computer, if you have to reinstall your operating system or change a hard drive, setting up Metatrader all over again can be a pain.

If you do have multiple computers, then you probably understand how much of a hassle it can be to add your custom indicators again and get your charts just right.

Yes, you can backup your install or simply save your templates. But every time you make one small change and forget to backup (which can happen a lot), you will lose your most recent settings.

At least that is has been my experience, you might be better at doing backups than I am.

So in this post, I’m going to show you a really simple way of doing an automatic Metatrader backup sync so that you always have your most recent version of Metatrader stored safely.

SEE ALSO: The Best Trading Books of All-Time

Although this has obvious benefits, there are also some limitations and drawbacks to this method, so I will get into that too.

I tried several different methods of backing up my Metatrader install from manually backing up template files, to writing backup scripts, to manually backing up my whole MT folder.

This method works best for me…

 

How to Automatically Sync Metatrader

Saving and syncing all of your Metatrader installation information is actually really simple.

First, you have to install Dropbox. If you have never used Dropbox before, it makes is really easy to sync information between your computer and their servers.

Simply go to the Dropbox website and download it. The best part is that it is free and works on Windows, Mac and Linux. Installing Dropbox on Linux is a little tricky, so be sure to read this tutorial first.

Simply go to the Dropbox website and download it.

After you install it, you will have a Dropbox folder on your computer. Anything that you put into this folder will be automatically synced with Dropbox.

Now go to your broker’s website and download their latest version of Metatrader. During the installation process, instead of installing Metatrader to the default location, install it to your Dropbox folder.

Now go to your broker's website and download their latest version of Metatrader.

If you already have a Dropbox account, simply create a new folder in your main Dropbox folder and install Metatrader there. Now you can install Dropbox on any computer, log into your account and you will be able to run Metatrader directly from that folder. Just double click on the terminal.exe file in the folder to run it.

That’s it! No more manual backups and no more time wasted on setting up charts. You even can setup Metatrader on your Windows computer and jump over to a Mac or Linux computer later. Metatrader may ask you to login to your account again, but that is the only additional step that you might have to take.

But there are some drawbacks to using this method.

Limitations of this Metatrader Sync Method

First of all, if you use this method, you can only use Metatrader on one computer at a time. If you use it on your laptop, you have to close it before you use it on your desktop.

The reason is that Dropbox will continually sync from the two computers. This will lead to multiple copies of your charts and other files.

Trust me, it gets messy.

So if you are going to use this method, be sure to close Metatrader on your current computer before moving to another computer.

Second, if you are using a free Dropbox account, there is not enough space to download all of the historical data for every pair.

That is fine in most cases because you really don’t need all that historical data unless you are trading longer term charts or doing a ton of backtesting. If you are day trading or swing trading, you should be fine.

When I talk about historical data, I’m talking about data that goes back to the 1980s or even before. Again, most traders won’t need that much data. I found that I could download the complete history of about three or four pairs before space started to get tight in my Dropbox account.

Dropbox gives you 2GB for free, which is more than enough to run a standard installation of Metatrader. However, if you feel that you need more space because you do need more historical data, then you will have to pay to upgrade your Dropbox account, or not use this method.

For this reason, I upgraded to the Pro plan.

Remove the Duplication Issue by Copying the Folder

The easiest way to solve the duplication issue is to simply duplicate your first MT4 folder in Dropbox. Then do a selective sync so the second computer only uses that folder.

Here’s how to do that…

First, copy the folder in Dropbox by clicking on the menu button (with the three dots) on the right side of the folder’s line.

Remove the Duplication Issue by Copying the Folder

 

Then paste the folder to your main Dropbox folder by clicking on it in the selection box and clicking the Copy button.

Then paste the folder to your main Dropbox folder by clicking on it in the selection box and clicking the Copy button.

Then you will have a copy of the original folder. Rename it by clicking on the menu button again on the right side of the line and select Rename.

Then you will have a copy of the original folder. Rename it by clicking on the menu button again on the right side of the line and select Rename.

 

Name the folder something that makes sense to you. Let’s say that you are going to use this copy of the install on a Dell computer.

You would name the folder something like:

You would name the folder something like:

 

Then on the computer (in this case, the Dell), click on the Dropbox icon in the tray and click on the settings icon. After that, click on Preferences.

 

On the next screen, click on Account > Selective Sync.

On the next screen, click on Account > Selective Sync.

 

Then check the box of the folder you want to sync with.

 

Now click on the terminal application in your Dropbox folder to launch MT4. Create a shortcut on your desktop or somewhere that is easy to access.

 

You now have a second copy of MT4, with no duplication!

Repeat for any additional computers you want to backup.

How to Fix Some Elements Not Getting Copied to Dropbox
Since build 600 of Metatrader 4, all custom templates, indicators and other assets of MT4 get copied to your user folder, outside of the MT4 install folder.

This means that they do not get backed up to Dropbox.

Luckily, this is pretty easy to fix.

It has to do with how MT4 is launched. When you launch MT4 in regular mode, it stores the assets in a separate folder in your user profile.

However, when you launch it in portable mode, it will keep all of the files in the same folder. Yeah, that doesn’t make any sense, but it is what it is.

So, to launch Metatrader 4 in portable mode, you have to a small tweak to your program file or shortcut. If you have a shortcut in your taskbar, then right-click on the shortcut, then right-click on MetaTrader, then click on Properties.

 

 

If you have a regular program in your MT4 folder, then you have to create a shortcut and always launch the program from that shortcut.

Then in the properties menu, add the portable command by typing in:

/portable

…after the existing command in the Target field. Yes, there is a space before /portable.

after the existing command in the Target field

 

Then that’s it!

When you launch MT4 again, you will be in portable mode and all changes will be saved to Dropbox. Remember that if you had made any changes before, you will have to copy those assets from your user folder to your Dropbox folder before going to portable mode, or start all over.

Copying Metatrader Files From User Profile
As mentioned above, Metatrader does a weird thing where profiles do not get backed up to the cloud storage (like Dropbox). It only gets saved in the user profile.

So to copy them to your Dropbox drive, do the following:

In MT4 click: File > Open Data Folder > Profiles
Copy all the folders to the corresponding Dropbox folder and overwrite everything
Close/reopen platform
The updated profile should now be available.

Changing Your MT Icon
There have been some questions that have come up about this process. But if you read the comments below, I think that they will answer most of your questions.

I also want to thank Trading Heroes reader Richard for submitting the following solutions:

You may want to change your MT4 icon, especially if you are running multiple instances of Metatrader. Here is how you do it:

Open broker folder in cloud storage
Create shortcut of ‘terminal’ (app) (I moved mine to desktop)
Right click on above shortcut
Click Properties > Change Icon > Browse > terminal icon (found in the relevant broker’s folder in cloud) > apply/ok
You should now be able to happily pin your special broker icon to your taskbar.

BTW, Richard is using Microsoft’s OneDrive, so this works for other cloud storage as well!

Thanks again Richard!

Conclusion
So that is the easiest way that I have found to automatically backup and run Metatrader from multiple computers. It is super simple and free, in most cases.

If you don’t want to use this method with your primary Dropbox account, just use another email address and setup another account. I hope that this tip saves you a ton of time and frustration.

Looking for a new trading computer? I’ll show you how to choose the best one in this post.

How do you backup and sync your Metatrader installation? Let us know in the comments below…

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