MT4 to Discord trade logger

Forex trading tools have become essential in enhancing trading performance; a perfect example is the MT4 to Discord Trade Logger. This software is designed to streamline trading activities by automating information sharing, improving the transparency of Forex trading.

Functionality of MT4 to Discord Trade Logger

This trade logging software sends any trade action to a Discord channel via a WebHook, which is created in the Discord channel settings via integrations. It allows traders to achieve full transparency of their trading activities to their peers within the Discord community.

When a new order is opened, it posts automated information with a screenshot of the chart where the order was opened. If no chart with that symbol is found, a new one is opened. Similarly, when an order is closed due to a Stop Loss (SL), Take Profit (TP) or manually, the software posts information inclusive of a chart screenshot. If an order is modified, for instance, a pending order is triggered to a market order, or there is a SL/TP/Open-Price modification or partial close of an order, the software posts the information. The same applies when the Expert Advisor (EA) is stopped and started back again.

Setting Up the MT4 to Discord Trade Logger

In the MT4 Options under the Experts tab, the user should allow Web requests for the URL “https://discord.com”. This enables the software to take a screenshot of the first chart found matching the symbol of the order. If it is not found, a new chart will be opened to take a screenshot.

The settings of the EA include the Discord WebHook URL, MessagePrefix, ProfitIcon, LossIcon, and TakeTradeScreenShot. The MessagePrefix is a prefix for the trade log messages, whereas ProfitIcon and LossIcon are emojis used for profitable and non-profitable trades closed messages respectively. The TakeTradeScreenShot allows the user to select if a screenshot should be taken at all, at open only, or at open & close. Other settings include the screenshot’s width and height, the name of the template to use for a new chart when taking the screenshot, and the time frame for the new chart when taking a screenshot.

Product Pricing

The MT4 to Discord Trade Logger comes at a minimum price of $30 for an annual subscription. Unfortunately, due to MQL Market restrictions, a monthly subscription is not available.

Customer Support

The developer encourages users to contact them in case of any issues or enhancement requests before posting a negative review. This shows their commitment to customer satisfaction and continuous product improvement.

FAQ Section

1. What is the MT4 to Discord Trade Logger?
It is a software that sends any trade action to a Discord channel via a WebHook, enhancing Forex trading transparency.

2. How does it improve Forex trading transparency?
It posts automated information whenever a new order is opened, an order is closed, an order is modified, or the EA is stopped and started back again. This information is shared with peers in the Discord community.

3. Is there a monthly subscription available?
Unfortunately, due to MQL Market restrictions, a monthly subscription is not available. The software comes at a minimum price of $30 for an annual subscription.

For more information about the product’s performance, users can watch independent testing on the forexroboteasy.com website and subscribe to updates on the results of testing this product. Readers who have used this product are invited to share their experiences. Remember, this is an independent product review, written in a neutral tone, without any endorsement or affiliation to the product.