Lot Multiplier MT4

Lot Multiplier MT4 is a powerful utility designed to enhance your forex trading experience by adding additional positions to your trading account. This can be particularly useful in various scenarios, such as increasing position sizes when following a signal or when using an EA that is locked to a fixed lot size. With Lot Multiplier MT4, you have the flexibility to increase your position sizes according to your preferred setup.

How does Lot Multiplier MT4 work?

This utility constantly monitors your trading account for any open positions. If a new position is opened within the same account, whether it’s by an EA, a signal you follow, or manually by you, Lot Multiplier MT4 quickly opens another position based on your desired multiplier. Once the original position is closed, the utility will also close the multiplied position.

Using Lot Multiplier MT4 is simple and straightforward. All you need to do is drag and drop the EA onto a chart. It doesn’t matter which chart you choose, but we recommend using EURUSD as it has continuous ticks. Set the multiplier according to your preferred setup and assign a unique Magic Number that the utility will use for opening the multiplied positions. Don’t forget to enable the Auto-Trading button in your Terminal.

Understanding the Multiplier:

The multiplier determines the size of the multiplied position relative to the original one. A multiplier of 1.0 means the multiplied position will be the same size as the original one. A multiplier of 2.0 doubles the size of the multiplied position, while a multiplier of 0.5 halves the size of the multiplied position.

Frequently Asked Questions (FAQ):

1) How quickly will the multiplied position be opened or closed?
The utility usually takes about 1 second to open or close the multiplied position. However, the execution time of your broker or the latency of your VPS may affect the speed.

2) Will the utility copy Stop Loss (SL) and Take Profit (TP)?
Yes, the utility will place a SL and TP that are 10 points wider than the original position. This helps prevent potential issues when both positions’ SL or TP are triggered simultaneously. Ideally, the utility will close the multiplied position right after the SL or TP is triggered for the original position, without affecting the SL or TP of the multiplied position.

3) Which positions will be multiplied?
The utility will multiply every open position in your account. However, it will ignore pending orders that have not been executed.

4) Does the utility work with the FIFO rule?
The utility does not violate the FIFO rule. However, its compatibility with your setup may depend on whether you use EAs that open multiple positions simultaneously on a single symbol. It is recommended to test your setup on a demo account before going live.

5) Does the utility work with Netting-Accounts?
No, the utility is designed to work with Hedging-Accounts only. Using it with Netting-Accounts may result in multiple trades being opened unintentionally.

Independent Testing and Updates:

If you want to see independent testing of Lot Multiplier MT4, you can visit the forexroboteasy.com website. There, you will find comprehensive reviews and updates on the results of testing this product. You can also subscribe to receive regular updates on the performance of Lot Multiplier MT4.

Share Your Experience:

We invite you to share your experience of using Lot Multiplier MT4. Your feedback and insights are valuable in helping other traders make informed decisions. Feel free to provide your thoughts, suggestions, and any tips you may have for using this software effectively.

Please note that this is an independent review of Lot Multiplier MT4. The text is written in the third person to maintain a professional tone and avoid any biases.