I was thinking that I have to create different accounts to track different strategies and it was something that I was dreading. However, in going through the functions of MT4i today, I discovered that I am able to designate the strategy that I used on a trade to track the profitability of my systems.
This may or may not work for my purposes, but it can be useful so I thought I would post a quick tutorial. I may need to use different accounts to trade different strategies, but while I am in the testing stages, This will probably be OK.
In order for this to work, you first have to setup a strategy in your MT4i account. Next, you have to be running the MT4i Publisher EA in Metatrader. The bad thing (or actually the good thing) is that you cannot change the strategy you used for a trade after the fact.
The strategy has to be input at the time of entry. This prevents you from putting bad trades into a ‘trash’ account to artificially boost the results of a certain strategy.
How to Do It
When you log into your MT4i account, go to the Stats tab, then the Strategies tab and click on Strategy Tags.
Then in the next window, add a strategy tag. It can be anything you want…the strategy name, the risk, etc.
Once you saved the strategy in MT4i, then you have to turn on comment publishing in the MT4i EA in Metatrader. While the EA is activated, press F7 to pull up the properties. Then set PublishOrderComments to true.
Then you are all set! The next time you do a trade, don’t forget to add your Strategy Tag to the comments box of your trade.
Update (October 1, 2014): MT4i is now FX Blue.