Telegram to MT4 Copier by RedFox

Overview of Telegram to MT4 Copier by RedFox

The Telegram to MT4 Copier by RedFox is a sophisticated tool designed to bridge the gap between Telegram signals and the MetaTrader 4 (MT4) trading platform. This utility ensures that traders never miss a trade by automatically copying signals from Telegram channels directly to their MT4 accounts.

Key Features

• Easy to set up and use
• Instant order copying
• Works with almost all signal formats, including image signals
• Supports translation of signals from other languages to English
• Compatible with all types of Telegram channels or groups, even those with 'Restrict Saving Content'
• Supports multiple channels and multiple MT4 accounts
• Remote copier functionality for signals with ticket numbers
• Backtesting support for signals

Setup and Usage

Setting up the Telegram to MT4 Copier is straightforward. Users are encouraged to try the demo version on their PC or VPS to ensure compatibility and smooth installation. The process involves creating a Telegram bot, configuring the bot with the necessary API token, and setting up the copier on the MT4 platform.

Advanced Functionalities

• Copy signals from multiple channels simultaneously
• Copy signals from private and restricted channels
• No need for Bot Token or Chat ID, though they can be used if necessary
• Trade using a risk percentage or fixed lot size
• Exclude specific symbols from being copied
• Customize which signals to copy based on words and phrases
• Set time and day restrictions for copying signals
• Limit the maximum number of open trades

Trade and Position Management

The copier offers extensive trade and position management features:

• Stop overtrading with settings for maximum trades per month, week, day, hour, or minute
• Support for both market and pending orders
• Set daily profit targets in dollars or percentage
• Automatically take partial profits using risk-reward ratios, pips, or price levels
• Automatically move to breakeven when certain profit targets are hit

Notifications and Alerts

Stay informed with various notification options:

• Alerts, push notifications, and email notifications
• Notifications for order hits, stop loss, take profit, breakeven, partial profits, daily loss, and daily profit
• Notifications for trading restrictions and allowances

Visual Account Statistics

Visualize your trading performance with detailed statistics and graphs:

• Check account performance metrics such as win rate, loss rate, and total trades
• Analyze trading performance with filters for symbols, magic numbers, and date ranges
• Identify the most profitable signals and summarize symbol performance

Support and Updates

RedFox provides continuous support and updates to ensure the copier remains effective and user-friendly. Users can contact support for any issues or feature requests, ensuring the product evolves with their needs.

Conclusion

The Telegram to MT4 Copier by RedFox is a powerful tool for traders looking to automate their trading based on Telegram signals. With its extensive features, ease of use, and robust support, it is an invaluable asset for both novice and experienced traders. 🚀📈