Instructions for installing and configuring the Telegram to MT4/5 utility
The Telegram to MT4/5 Coppy utility automates the process of copying trading signals from Telegram to MetaTrader 4 and MetaTrader 5 terminals. This is a powerful tool that helps traders save time and manage risks. In this article, we will examine in detail the process of installing, configuring and using the copier, and also explain the meaning of key variables.
Telegram to MT4/5 Coppy is high quality and functionality at a very favorable price.
🟡 Buy for MT4 - https://www.mql5.com/en/market/product/128293
🔵 Buy for MT5 - https://www.mql5.com/en/market/product/128294
If you want to test the utility before buying, you can request a demo version. To do this, write me a private message . I will provide you with a limited-time version of the program so that you can evaluate all its capabilities.
Installing a copier
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Downloading the program:
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Installation:
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Unzip the file and place the folder with the copier in a convenient place on your computer.
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Authorization in Telegram:
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Run as Administrator! When you first launch the program, you will be asked to enter a phone number to log in to Telegram. Enter the number and confirm the login using the code sent to Telegram.
Setting up the utility
Adding chats and filters
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Adding chats:
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Specify the identifier of the Telegram chat/channel from which signals will be copied. You can see this number by selecting the desired channel for copying in the EXE file
Next, specify the chat ID in the utility in this column.
For 1 chat/channel you must open 1 separate chart and install the utility there by entering 1 chat ID and the required settings.
If you want to copy signals from 2 chats, then open another chart and hang the utility there again, entering the identifier of only the 2nd chat that you want to copy, in addition to the identifier, specify another magic number and a comment to the orders, this will allow you to easily analyze statistics in the future and see which channel sends the most profitable signals.
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Filters:
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Set up the keywords, symbols or types of trades you want to copy.
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Risk setting
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Deposit percentage:
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Specify what percentage of the current balance will be used to calculate the lot.
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Fixed lot:
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Alternative: Specify the exact lot size for each trade.
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Risks:
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Daily, weekly and monthly risk are calculated based on the balance / equity:
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What to do if loss exceeds = Stop copying - after closing trades and reaching the specified limits, copying of new signals stops.
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What to do if loss exceeds = Delete and Stop copying If the option to close trades is enabled, the copier will also close all open positions created by the utility. The utility closes only after you have fixed the loss and it now exceeds your daily limits. For example, your balance at the beginning of the day is $1,000, the risk for the day is 1%, let's say you copied 5 trades, 3 of them were closed and the loss on them was -$15, your daily risk for the day is exhausted, the adviser will close its other open trades and stop copying signals.
Equity - that is, control over floating losses and open transactions. Balance - calculation of risk based on closed losses on transactions.
Multi-Take Profit
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TP levels:
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Specify the lot you need for each subsequent TP level
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Closing in parts:
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Set up partial closing of positions when each TP level is reached.
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Additional functions
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Prohibition of copying trades without Stop Loss / Take Profit:
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Possibility to prohibit copying signals without SL/TP.
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Multitasking:
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Manage multiple Telegram chats simultaneously.
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Safety:
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Works without using external DLLs, which makes the utility safe.
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Starting the copier
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Launching the program:
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Open the copy file. The program will automatically connect to the specified Telegram chats.
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Start copying:
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After setup, the program will start copying signals to MetaTrader 4/5 using the specified parameters.
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Monitoring:
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Monitor the process through the program interface. All signals and actions are displayed in real time.
Key variables
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TELEGRAM_CHAT_ID – ID of chats from which signals are copied.
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FILTER_KEYWORDS – keywords for filtering signals.
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MAX_DAILY_RISK – maximum daily risk in percentage/deposit currency from the balance.
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MAX_WEEKLY_RISK – maximum weekly risk in percentage/deposit currency from the balance.
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MAX_MONTHLY_RISK – maximum monthly risk in percentage/deposit currency from the balance.
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TAKE_PROFIT_LEVELS – Take Profit levels.
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USE_FIXED_LOT – use of fixed lot (True/False).
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RISK_PERCENT – percentage of the deposit for lot calculation.
Video about Telegram to MT4/5 Coppy
How work Trailing By - Per TP hit
TP1 hit: Remaining TPs moved to breakeven
TP2 hit: Remaining TPs moved to TP1
...and so on...
How work Trailing Stop – Dynamic
We trailing start – This is the number of points after which the trailing stop will be activated, the settings are indicated in the points.
"Trailing distance from the current price"> "Trailing step"
Trailing step - helps to control how frequently price is moved, if not set, SL will move on every tick to catch up with price.
It should be a small value, like 50 points or so, for regular pair like EURUSD
Just to avoid SL adjusting too frequently.
Trailing step - it should be a small value. Much smaller than trailing distance
Conclusion
Telegram to MT4/5 Copier is a one-stop solution for traders looking to automate their work and manage risks effectively. Customize the utility to your needs and focus on analytics, not manual work.
Telegram to MT4/5 Coppy is high quality and functionality at a very favorable price.
🟡 Buy for MT4 - https://www.mql5.com/en/market/product/128293
🔵 Buy for MT5 - https://www.mql5.com/en/market/product/128294
How install demo version
