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during normal operation MT4 will start a new separate thread for every call of the start() function so running multiple EAs on multiple pairs should utilize all CPU cores equally.
I've never seen any MT4 exceed 13% CPU ( which would be one logical core fully utilized, 12.5% rounded to 13% ) on the TaskManager -- Intel i7-920.
Will play with it a little more, and create an EA that spends a lot of cycles shining its shoes...