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The installer can copy the SidekickEA.ex4 and Sidekick.dll files to your MetaTrader installation folders up to 5 Demo or Live accounts.

MT4 Sidekick is a new and innovative tool that uses a Demo Account to create a database of trade results that is shared with a Live Account.

When a strategy (EA) in a Live Account receives a trade signal it checks the database to determine how that strategy is currently performing in the Demo Account.

If the strategy is currently performing well in the Demo Account then a new position is opened in the Live Account otherwise, the signal is ignored.

The idea is very simple, two accounts Demo and Live running the same portfolios and strategies.

The strategies in the Demo Account are allowed to trade with no restrictions and are used to create and update an active, shared database of trading results.

When a strategy in the Live Account receives a signal it checks the database before opening a new position.

In this way the Live Account can use the Demo Account as a barometer to determine how a strategy is performing in the current market.

The availability of a barometer that measures current performance and which can be accessed before a position is opened is a powerful technique.

A strategys performance will vary depending on patterns that occur in the current, incoming data and the incoming data is always changing.

So, taking advantage of a Demo Account in this way i.e.

EAs and trades that can be used to your advantage to provide a real edge.

Using MT4 Sidekick is not a substitute for creating good strategies that should still be the 1 priority.

That is, youve determined your strategies and portfolio EAs perform similarly in Demo and Live accounts.

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Portfolio Maker is required because it inserts code into the portfolio EA that knows how to access MT4 Sidekicks shared database.

MT4 Sidekick is an EA (Expert Advisor) that runs in your Demo Account.

It keeps track of all trades and maintains a database of all trades strategy-by-strategy (i.e.

Magic Number). The same portfolio EA(s) that you created using FSB-Pro and Portfolio Maker run in both this Demo Account and your Live Account.

If the check passes then a new position is opened in the Live Account otherwise the signal is ignored.

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After installing the application, the first time you launch the program it will prompt for the license key which was sent by email.

After the license key is entered it will be stored on your machine so subsequent launches will not require that you again input the license key.

MT4 Sidekick is easy to install it consists of two files: SidekickEA.ex4 and Sidekick.dll.

Both are copied to your Demo Accounts MetaTrader 4 installation folder SidekickEA.ex4 to the MQL4Expert folder and Sidekick.dll to the MQL4Libraries folder.

There is one important requirement you really must close all running instances of MetaTraders Terminal.exe.

This is because MetaTrader loads DLLs into memory and never releases them, making it impossible to update a DLL when Terminal.exe is running.

If this is the first time you are installing MT4 Sidekick then it may not be necessary to close Terminal.exe but you should be aware of this requirement as future updates become available.

To facilitate installing these files, the MT4 Installer application can be used.

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