By default you are unable to run more than one Metatrader 4 (MT4) platform at a time. Through the installation process, there is a way of running two MT4 platforms at the same time. To run two instances of the MT4 platform on your PC, you will need to install a second instance of the platform but in different directories on your PC/VPS.
For example:
After you’ve installed one MT4 platform, you will need to download the installer again and and run the file. You will then be prompted by the window below:
To select where the second MT4 program is installed, click on ‘Settings’ to bring up the installation directory settings. By default it will install to ‘C:Program Files (x86)Tradiso Metrader 4’ but instead, you will need to install a second copy into a folder with a different name such as ‘C:Program Files (x86)Tradiso Metrader 4-2’ as shown below:
Please continue with the same installation process as you did with your first MT4 platform. You will then be able to see both platforms in your program files, as shown below, and will be able to have both platforms running at the same time.