- January 22, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Unlock the Power of Telegram Signals on MT4 and MT5
In the fast-paced world of forex trading, staying ahead of the curve is crucial. The Telegram Trade Copier is a groundbreaking product designed to seamlessly integrate Telegram signals with your MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. This comprehensive guide will walk you through the setup process and provide expert insights on maximizing the potential of this innovative tool.
Introduction: Telegram Trade Copier Unleashed
The Telegram Trade Copier is a dynamic tool that not only copies signals from your Telegram channels but also functions as a remote copier. This product ensures instant order replication, compatibility with various signal formats (including image signals), and support for translating signals from other languages to English.
Technical Specifications
Version: 6.32
Year of issue: 2024
Working pairs: ANY
Recommended timeframe: ANY
Minimum Deposit: NA
Average of account: NA
Best Brokers List
Telegram Trade Copier works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Expert Parameters: Tailoring Your Trading Experience
The Telegram Trade Copier provides various expert parameters to manage signals and orders effectively. These include:
- Input Chat ID of Telegram Signal: Copy the ID number from the Telegram copier app.
- Lot Size Management: Choose fixed lots, lots based on balance, lots from the signal, or lots based on a percentage of the balance.
- Multiplier of Lots for TP 1/2/3: Customize lot sizes for different take profit levels.
- Signal Filtering: Define criteria for opening, closing, canceling, modifying, partial closing, closing half, breakeven, and more.
Key Features: Making Forex Trading Effortless
- Easy Setup: The Telegram Trade Copier is user-friendly, allowing for a quick and hassle-free installation process.
- Signal Compatibility: It supports almost all signal formats, including image signals, and can seamlessly translate signals from different languages into English.
- Versatility: This copier works with all types of channels or groups, even those with "Restrict Saving Content." It can handle multiple channels and MT5 accounts simultaneously.
- Remote Copier: With a unique ticket number system, this feature ensures exact signal replication, even in a remote setup.
- Backtesting Support: Traders can now backtest signals, providing valuable insights into signal performance before executing trades.
How to Set Up: A Step-by-Step Guide
Step 1: Installing EA to MT4
- Download the EA (ex4 file) and copy it to the Experts folder of your MT4 platform.
Step 2: Downloading Telegram to MetaTrader App
- Visit the provided link and extract all files to your PC. Run the Telegram2MetaTrader.exe file.
Step 3: Troubleshooting
- Install "Microsoft Visual C++ 2015 Redistributable" if the app doesn't work. Skip if already installed.
- Note: The app is Windows-compatible but does not support Windows 7 and lower. For VPS, support Windows Server 2012 R2 or higher.
Step 4: Image Signal Support
- If your signal uses images, download Tesseract and configure the path in the Telegram App folder.
Step 5: Keep the App Running
- Do not close the Telegram2MetaTrader App when running the EA on MT4
Example: Understanding Inputs and Variables
Consider the following telegram signal:
- New signal
- Buy EURUSD now at 1.1805
- Take profit at 1.1830, 1.1850, 1.1880
- Stop loss at 1.1780
The corresponding inputs would be:
- Signal start with text: "new signal"
- Text before Open Price: "now at"
- Text before Take Profit: "take profit"
- Text before Stop Loss: "stop loss"
Conclusion: Elevate Your Forex Trading with Telegram Trade Copier
In conclusion, the Telegram Trade Copier is a game-changer in the forex trading arena. It brings together the power of Telegram signals and the convenience of MetaTrader platforms, providing traders with a cutting-edge tool for efficient and effective trading. Try the demo version today and experience the future of forex trading.
Download Telegram Trade Copier
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.