We can make both manners

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Hello forum,
So what happens if one wants to open several accouts with the same broker? so that for each individual EA, say, lot size changes dynamically based on individually allocated account balance.
- Is there any way to run multiple accounts on the same MT4 platform (I suspect not..?)
or
- Is it just a matter of installing several MT4 terminals - under different folder locations of same computer? In this case, are there any issues, are there technical limitations to doing that?
Many thanks in advance for your comments,
Dan.