Empty4 Life - multiple access

[Mike]

Hi, before I treat my trading account badly I have some questions which I do not find answers for.

Setting

VPS1 runs 7/24 life account (LA1) and demo-accounts (D1;D2;D3) whose trades get copied by MT4i -Trade Copier to LA1. There are no manual interventions on LA1

VPS2 runs 7/24 the same life account (LA1) with different demo-accounts (D4;D5;D6) whose trades get copied by MT4i - Trade Copier to LA1. No manual intervention.

Question
Can I set up my accounts the way I discribe?
If yes:

• What are the risks of this setting?
  What do I have to avoid under all circumstances?

If no or alternatively

• What would you suggest?
  Risks?
  Advantages?

Thanks for your attention and suggestions
Mike

[Mike]

Well ... hmmm ... nobody is giving me a hand. This tells me my presented setting and questions might be completely senseless.

[kwanann]

Can I set up my accounts the way I describe?
-> Yes, as long as each of those demos use different magic numbers i guess.

It might be good to explain why you want to do that, seriously, copying 6 different strategies into a master live account is a disaster waiting to happen, can you even imagine what it would look like to have 6 different set of trades on one account?

[fxdaytrader]

D1: TradeCopier Sender EA
D2: TradeCopier Sender EA
D3: TradeCopier Sender EA

LA1: TradeCopier Receiver EA of D1, TradeCopier Receiver EA of D2, TradeCopier Receiver EA of D3

Make sure you are using the right settings on tradecopier sender/receivers.

Make sure you use (different) MagicNumbers on the Receiver-EA and additional the MPTM (or MPTM global, use search) or another ordermanagement-EA on your liveaccount LA1 to take care of the trades and/or as security feature (and if its only to set SL/TP in case there is no one set by the EA!!!).

Think about using an "notification-EA" which sends emails/alertpushes frequently. You should know what's going on there on your vps, ...

On the first days/week start with the smallest lotsize possible (e.g. 0.01), to save your money just in case something goes wrong (wrong settings misconfiguration e.g.).

[Mike]

@kwanann and @fxdaytrader
Thank you, very helpful and clear. Best Mike