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Quick setup guide for the Visual Trading Console & Trade Manager for Metatrader

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Installing the software

To initiate the installation process, download and run the setup file from the provided download link. When you complete the installation process you will need to place your license file in your VTC installation folder.

Please follow these steps, if you are not sure how to place your license file into your VTC program folder:

  1. Save your license file from the e-mail received after purchase onto your desktop
  2. From your desktop, Right-click on the license file and choose COPY from the pop-up menu
  3. Open your VTC program folder (where you’ve installed the program)
  4. Right-click anywhere within the background of the opened folder and choose PASTE from the pop-up menu.
  5. You should now see your license file in the VTC installation folder.

IMPORTANT: Do not change the license file name. It must have the same name as the file attached to this e-mail.

The license file is not needed if you’re taking the 30 day evaluation version.

When you finish the installation process (you may need to reboot your computer), you should also see the following folder in your Windows START menu along with the program link.

The application may need to be granted Administrator rights to be able to access your Metatrader folders (especially if your MT4 terminals have been placed in your C:\Program Files (x86) folder) for installation and maintenance of the required communication EA and companion DLL files used to transmit data between the trading console and MT4.

Connecting MT4 terminals to VTC

Now that VTC is installed on your computer you can run the program and begin connecting MT4 terminals, which should be managed by the software. The console will start with the following default view (Setup & Configuration / Accounts) when you run it:

At this point, you can start your MT4 terminals (if they are not already running). As you launch individual Metatrader terminals, they will appear on the accounts list as illustrated above.  You’ll need to use the [ Install EA ] buttons to copy the necessary EA files to all Metatrader terminals you want to use with VTC or the [ Update EA ] to update the communication files to the latest version

As of version 2.04.04, VTC automatically handles EA installation for MT4 builds 574 and higher.

When the files are copied to the correct folders you will see the following confirmation message:

Configuring MT4 for proper operation with VTC

Before we move on, we first need to make sure that the Metatrader terminals are properly configured for EA use. The EA will be used to handle all communication between Metatrader and the trading console, so this part is very important. To verify the setup, go to your Tools / Options menu in Metatrader and open the Options window (this can also be done by pressing CTRL-O in MT4):

tools-options-menu

Use the Expert Advisors tab Make sure that DLL imports are allowed and that Allow automated trading for expert advisers has been enabled. The red arrows on the screen below illustrate correctly set options.

mt4-setup

Additionally, you’ll need to put a check mark next to the “Use ‘Alt’ key to drag trade levels” option, if you wish to use the visual stop management provided via VTC.

Alt-to-drag-trade-levels

Click [ OK ] once everything is set correctly and restart each Metatrader terminal to ensure that all changes are applied.

Establishing communication between MT4 and VTC

To set up the communication link between MT4 and VTC, you’ll need to open a new chart (EURUSD works best as it updates the quickest) and attach the MT4io EA onto that chart (MT4io EA is located in your MT4’s “Navigator” panel under “Expert Advisors”). You will see a status message display on your chart, similar to the one presented below. Please also make sure that you’ve turned ON “Auto Trading” in MT4.

Please make sure that this window is open at all times (it can be minimized) plus make sure you do not switch the periodicity of that chart’s window once the I/O EA is running. Also, DO NOT ATTACH the EA to more than one chart on a single profile!

Once you attach MT4io EAs on all your Metatrader accounts, the individual account icons next to account numbers on the Instant Entry tabs will turn from gray to color and live quote boxes will be displayed for all open chart in the corresponding Metatrader terminals. At this point, you can use VTC for trading on accounts which have been set up.

The meaning of individual icon colors is as follows:
mt4-greenCommunication link active – DEMO account
mt4-goldCommunication link active – REAL live account
mt4-grayThe communication link between the console and the terminal is down or has not been set up
(most likely the VTC_IO template is not installed or not applied)

IMPORTANT! You need to have VTC open at all times if you’re utilizing any of the trade management functions as these are executed and controlled within the VTC application.
Closing (or restarting) of VTC, while trades are being managed, will cause the trade manager to stop managing previously running positions.

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Comments

  1. gene  June 26, 2014

    so far i like it ..setup was easy

    reply
  2. Lex  November 9, 2016

    Great work instructions – clear, concise and accurate to the current version. Nice work!

    reply

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