Telegram to MT4 Copier MT4 (Update 16/08)- Free Download

Introduction Telegram to MT4 Copier

In the fast-paced world of forex trading, time and efficiency are crucial. The Telegram to MT4 Copier is a tool designed to bridge the gap between trading signals received via Telegram and their execution on the MetaTrader 4 (MT4) platform. This tool promises to enhance the trading experience by automating signal execution, thereby saving time and potentially reducing risks. This review will delve into the features, advantages, and disadvantages of the Telegram to MT4 Copier, providing an in-depth look at its capabilities.

Technical Specifications

Version: 1.39
Year of issue: 2024
Working pairs: NA
Recommended timeframe: NA
Minimum Deposit: $NA
Average of account: 1:30 To 1:1000

Best Brokers List

Telegram to MT4 Copier  works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

Telegram to MT4 Copier Settings

Setup Instructions

1. Telegram Setup instruction
   1. Open your Telegram APP and search for "BotFather".
   2. Type /start and click/type /newbot to create a new bot.
   3. Give your bot a nickname and username (e.g., nickname: RedFox and username: RedFoxbot <-- username has to be ended by 'bot').
   4. Congratulations! You have created your Telegram bot.
   5. Save your bot API token  .
   6. If you don't have it already, create the channel or group
   7. Open the channel/group Info, then Manage, Add Administrators, type the bot username, and click Save
   8. Back in MetaTrader 4, go to Tools > Options > Expert Advisors > tick 'Allowed WebRequest for listed URL' and add 'https://api.telegram.org'.
   9. Attach the utility into a your MetaTrader 4 chart and fill up the Token (from step 5)
   10. Your utility is ready to work for you.

By following these steps, traders can ensure seamless integration and optimal use of the Telegram to MT4 Copier.

Features of Telegram to MT4 Copier

1. Any Order Type
   • Adapt to various trading strategies with the flexibility to execute market, limit, stop, and other order types.
2. Any Type of Pair
   • Access a wide range of assets including Forex, indices, synthetic indices, crypto, stocks, and metals to diversify your trading portfolio.
3. Custom Strategies per Channel
   • Tailor unique strategies for each channel or group, optimizing performance and personalizing your trading experience.
4. Fixed Lot Size
   • Set fixed lot sizes for TP1, TP2, and TP3 to suit your strategy, allowing for tailored control over your trades for improved profit potential.
5. Dynamic Lot Size
   • Set your preferred risk percentage for TP1, TP2, and TP3 for dynamic lot size calculation, ensuring optimized risk management.
6. Lot & Risk Customization
   • Activate the Split Lot/Risk Equality option to evenly distribute lot size or risk among TPs, customize lot sizes for different pairs with the Special Lots feature, optimizing trade execution based on your preferences.
7. Multi-Trade Options
   • Customize the number of trades to execute for each take profit (TP) level, enhancing trading style and profit potential.
8. SL/TP Override Mode
   • Customize your Stop Loss (SL) and Take Profit (TP) to suit your preferences and override those provided by your signal provider, ensuring optimal risk management.
9. Optimized SL Management
   • Select from "Move SL to Entry" or "Move SL & Close Half" to control risk, with settings to auto-move SL and close half after reaching desired pips.
10. Trailing Stop TP
    • Activate Trailing Stop for TPs and auto-adjust SL, ensuring gains are secured as TPs are hit.
11. Smart Profit Lock
    • Set your preferred percentage to close a portion of TP2 and TP3 positions after TP1 hits, ensuring partial profits are locked in.
12. Trailing Stop Functionality
    • Implement trailing stop features with a customizable trailing start, step, and distance from the current price.
13. Breakeven & Close Management
    • Set breakeven pips to save on commission and ensure accurate SL, customizing lot percentages for partial and half-close updates.
14. Ignore Trades Without SL-TP
    • Easily filter out trade signals that do not include a Stop Loss (SL) or Take Profit (TP) level.
15. Calculation Spread in SL/TP
    • Optionally calculate the spread when a signal is received and add it to the SL/TP, enabling more profitability.
16. Channel Updates
    • Easily manage trades with updates like setting SL/TP, moving SL to entry, closing half/full positions, and reentering trades.
17. Edit Updates
    • Automatically adjusts orders if the signal provider edits the message, ensuring up-to-date trade information.
18. Trade Filter Customization
    • Manage open orders and multi-trades with options like "Not Allowed," "Hedge Only," or "Allowed," optimizing strategy.
19. Time Filter Control
    • Enable or disable specific trading hours for the copier, optimizing trading performance.
20. Symbols Mapping & Prefix/Suffix
    • Customize your trading by mapping pairs to the correct symbols, ensuring accuracy and preventing errors in execution.

Advantages of Telegram to MT4 Copier

• Time-Saving and Fast Execution: The tool performs trades automatically based on signals received, eliminating the need for manual intervention and allowing traders to act on opportunities even when they are away or asleep.
• Risk Management: With features like SL/TP Override, Dynamic Lot Size, and Optimized SL Management, the tool offers robust options for managing risk and securing profits.
• Customization: Traders can tailor strategies for each Telegram channel, set fixed or dynamic lot sizes, and customize SL/TP levels, providing a highly personalized trading experience.
• Automation: Automates the process of signal execution, ensuring trades are executed as per the signal provider's instructions without delay.
• Support and Flexibility: Offers extensive support options, including customization based on user needs, support groups, and VPS services to ensure smooth operation.

Disadvantages of Telegram to MT4 Copier

• Complex Setup: Initial setup involves multiple steps, including creating a Telegram bot and configuring MT4, which may be daunting for non-tech-savvy users.
• Dependence on Signal Providers: The tool's effectiveness is heavily reliant on the accuracy and quality of signals from Telegram channels.
• Potential for Over-Trading: Automated execution might lead to over-trading, especially if not monitored closely or if signals are frequent.
• Technical Issues: As with any automated system, there is potential for technical glitches or misconfigurations that could impact trading performance.

Conclusion

The Telegram to MT4 Copier is a powerful tool for forex traders looking to automate their trading process and enhance efficiency. With a comprehensive set of features designed for customization, risk management, and automation, it offers significant advantages for both novice and experienced traders. However, the complexity of setup and reliance on signal quality are important considerations. Overall, it is a robust solution for those seeking to streamline their trading operations and leverage the power of automated signal execution.

Download Telegram to MT4 Copier

Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex ea works before using it on a live account.