Trading utilities for MetaTrader 4
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MetaTrader 4
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Overview
Hon Telegram Signal Copier
Complete User Guide & Documentation
? Who Is This For?
✅ Ideal Users:
- ? Forex Traders - Copy signals from Telegram channels automatically
- ⚡ Signal Subscribers - Execute trades instantly from premium signal providers
- ? Trading Teams - Distribute signals across multiple accounts
- ? Scalpers - Need instant execution without manual intervention
- ? Algorithm Traders - Want to combine manual signals with automated execution
? Key Features & Benefits
? Core Capabilities
- ? Universal Signal Parser - Reads ANY signal format automatically
- ? Dual Channel Support - Read from one channel, report to another
- ? Smart Risk Management - Automatic position sizing and protection
- ? Real-time Reporting - Daily, weekly, and monthly performance reports
- ?️ Advanced Position Management - Trailing stops, breakeven, partial closes
? Premium Features
- ? AI-Powered Parsing - Understands complex signal formats
- ? Chart Integration - Automatic chart screenshots with signals
- ? Multi-Asset Support - Forex, indices, commodities, crypto
- ⚠️ Risk Alerts - Real-time warnings for dangerous situations
- ? Mobile Notifications - Get updates on your phone
?️ Prerequisites & Requirements
? Technical Requirements
- ?️ MetaTrader 4 - Latest version recommended
- ? Stable Internet - For Telegram API communication
- ? Telegram Account - Personal account required
- ? Bot Token - Created via @BotFather
? Trading Requirements
- ? MT4 Broker Account - With API access enabled
- ? Minimum Capital - $500+ recommended for proper risk management
- ? WebRequest Permissions - Must be enabled in MT4
? Knowledge Requirements
- ? Basic Forex Knowledge - Understanding of pairs, pips, lots
- ⚖️ Risk Management - Position sizing and money management
- ? MT4 Basics - Installing EAs and adjusting settings
? Step-by-Step Setup Guide
? Step 1: Create Telegram Bot
- Open Telegram and search for @BotFather
- Start conversation with /start
- Create new bot with /newbot
- Choose bot name (e.g., "My Trading Bot")
- Choose username (must end with 'bot')
- Copy the token provided (looks like: 123456789:ABCdefGHI... )
? Step 2: Get Chat IDs
? For Signal Source Channel:
- Join the signal channel you want to monitor
- Forward any message from that channel to @userinfobot
- Copy the Chat ID (usually negative number like -1001234567890 )
? For Reports Channel:
- Create your own channel or group for reports
- Add your bot as admin to this channel
- Get the Chat ID using the same method above
? Step 3: Configure MT4
? Install the EA:
- Open MetaEditor in MT4
- Create new EA file
- Paste the complete code (both parts combined)
- Save as TelegramSignalCopier.ex4
- Compile and fix any errors
? Enable WebRequest:
- Go to Tools → Options → Expert Advisors
- Check "Allow WebRequest for listed URL"
- Add URL: https://api.telegram.org
- Click OK and restart MT4
⚙️ Step 4: EA Configuration
? Essential Settings:
? Telegram Configuration: ├── TelegramBotToken = "YOUR_BOT_TOKEN_HERE" ├── SourceChatID = "YOUR_SOURCE_CHAT_ID_HERE" ├── ReportsChatID = "YOUR_REPORTS_CHAT_ID_HERE" └── CheckIntervalSeconds = 2 ? Risk Management: ├── RiskType = RISK_PERCENT ├── RiskPercent = 1.0 ├── MaxDailyRisk = 6.0 └── MaxConcurrentTrades = 10 ? Trading Settings: ├── EnableTrade = false (START WITH PAPER TRADING!) ├── MagicNumber = 789123 └── TradeComment = "TG_v3"
? Configuration Guide
? Basic Settings
? Telegram Setup
| Setting | Description | Example |
|---|---|---|
| TelegramBotToken | Your bot's unique token | 123456:ABC... |
| SourceChatID | Channel to read signals from | -1001234567890 |
| ReportsChatID | Channel to send reports to | -1001987654321 |
| EnableReportsChannel | Enable dual-channel mode | true |
? Risk Management
| Setting | Description | Recommended |
|---|---|---|
| RiskPercent | Risk per trade (% of balance) | 1.0 - 2.0 |
| MaxDailyRisk | Maximum daily loss (%) | 5.0 - 10.0 |
| MaxConcurrentTrades | Max open positions | 5 - 15 |
| DrawdownThreshold | Alert threshold (%) | 5.0 |
?️ Advanced Settings
? Position Management
? Breakeven Settings: ├── BreakevenMode = BREAKEVEN_PIPS ├── BreakevenTriggerPips = 15.0 └── BreakevenLevelPips = 2.0 ? Trailing Stop: ├── TrailingMode = TRAILING_PIPS ├── TrailingStartPips = 20.0 └── TrailingDistancePips = 15.0 ? Partial Close: ├── PartialCloseTriggerPips = 25.0 └── PartialClosePercent = 50.0
? Signal Processing
? Parser Settings: ├── ParserMode = PARSER_SMART ├── MinConfidenceScore = 40.0 ├── EnablePriceValidation = true └── UseMarketPriceIfNoEntry = true ? Validation: ├── EnableSignalValidation = false ├── EnableTrendFilter = true └── MA_Period = 200
? Use Cases & Examples
? Professional Signal Provider
? Scenario: Premium Forex signal service ? Setup: Read from private channel, execute on 50+ client accounts ? Volume: 100-200 signals per month ⚡ Execution: Sub-second signal processing ? Results: Consistent 15-25% monthly returns
? Personal Trading Enhancement
? Scenario: Individual trader following expert signals ? Setup: Monitor 3-5 quality signal channels ? Risk: 1% per trade, 5% daily limit ⚡ Features: Auto-execution during work hours ? Benefits: 24/7 monitoring without missing trades
? Trading Team Coordination
? Scenario: Prop firm with multiple traders ? Setup: Central signal distribution system ? Management: Unified risk across all accounts ⚡ Communication: Real-time performance tracking ? Scaling: Consistent execution across team
? Signal Arbitrage
? Scenario: Multiple signal sources comparison ? Setup: Monitor competing providers ? Strategy: Execute only high-confidence signals ⚡ Analysis: Performance comparison and ranking ? Optimization: Best provider identification
? Getting Started Workflow
? Week 1: Paper Trading Setup
Day 1-2: ? Installation and basic configuration Day 3-4: ? Telegram integration and testing Day 5-7: ? Monitor signal detection and parsing Goal: ✅ 95%+ signal detection accuracy
? Week 2: Risk Calibration
Day 1-3: ⚖️ Position sizing optimization Day 4-5: ?️ Risk management testing Day 6-7: ? Performance analysis Goal: ✅ Stable risk-adjusted returns
? Week 3: Live Trading Transition
Day 1-2: ? Enable live trading (small size) Day 3-5: ? Monitor real execution Day 6-7: ? Fine-tune based on results Goal: ✅ Smooth live operation
? Week 4: Optimization
Day 1-7: ? Scale up position sizes Ongoing: ? Performance monitoring Advanced: ? Strategy refinement Goal: ✅ Consistent profitability
⚠️ Safety & Risk Warnings
? Critical Safety Measures
?️ Always Start with Paper Trading
- ❌ Never begin with live money
- ✅ Test for at least 1-2 weeks
- ? Verify signal accuracy above 90%
- ? Check all features work correctly
? Risk Management Rules
- ? Never risk more than 2% per trade
- ? Set maximum daily loss limits
- ⏰ Monitor during first weeks
- ? Don't trade during major news
? Technical Precautions
- ? Stable VPS recommended
- ? Redundant internet connection
- ? Mobile alerts configured
- ? Regular backup of settings
⚡ Common Risks
| Risk Type | Description | Mitigation |
|---|---|---|
| ? Execution Risk | Wrong signal interpretation | Thorough testing period |
| ? Connection Risk | Internet/API failures | VPS with backup connection |
| ? Market Risk | Adverse price movements | Proper position sizing |
| ? Technical Risk | EA malfunction | Regular monitoring |
? Troubleshooting Guide
? Common Issues & Solutions
? Telegram Connection Problems
❌ Issue: "WebRequest not allowed" ✅ Solution: Add https://api.telegram.org to MT4 allowed URLs ❌ Issue: "Invalid bot token" ✅ Solution: Regenerate token via @BotFather ❌ Issue: "Chat not found" ✅ Solution: Verify chat ID and bot permissions
? Signal Detection Issues
❌ Issue: Signals not detected ✅ Solution: Check signal format and confidence threshold ❌ Issue: Wrong symbol detected ✅ Solution: Verify symbol mapping in broker ❌ Issue: Price validation failures ✅ Solution: Adjust MaxPriceDeviationPercent
? Trading Execution Problems
❌ Issue: "Trade context busy" ✅ Solution: Increase retry delays and reduce frequency ❌ Issue: "Invalid stops" ✅ Solution: Check broker's minimum stop distance ❌ Issue: "Not enough money" ✅ Solution: Reduce position size or increase capital
? Support Resources
?️ Self-Help Tools
- ? Debug Mode - Enable detailed logging
- ? Test Signals - Send manual test messages
- ? Log Analysis - Review execution history
- ? Performance Reports - Analyze trading results
? Advanced Debugging
// Enable maximum debugging EnableDebugMode = true; LogAllMessages = true; SaveSignalsToFile = true;
? Performance Monitoring
? Key Metrics to Track
? Signal Performance
- ✅ Detection Rate - % of signals correctly parsed
- ⚡ Execution Speed - Time from signal to trade
- ? Confidence Accuracy - Actual vs predicted performance
- ? Signal Frequency - Signals per day/week
? Trading Performance
- ? Win Rate - % of profitable trades
- ? Profit Factor - Gross profit / gross loss
- ? Maximum Drawdown - Largest peak-to-valley decline
- ? Risk-Adjusted Returns - Return per unit of risk
? System Performance
- ⏱️ Uptime - % of time EA was running
- ? Error Rate - Failed executions per day
- ? Alert Response - Time to address issues
- ? Recovery Time - Time to resume after problems
? Automated Reporting
The EA provides comprehensive reports:
? Daily Reports (5 PM daily)
? DAILY TRADING REPORT ? P&L: $150.50 (1.2%) ? Trades: 8 executed, 6 winning ? Win Rate: 75% ? Positions: 3 open (EURUSD ?, GBPUSD ?, GOLD ?)
? Weekly Reports (Friday evening)
? WEEKLY PERFORMANCE SUMMARY ? P&L: $750.25 (6.1%) ? Signals: 45 detected, 42 executed ✅ Success Rate: 93.3% ? Best Day: Wednesday (+$225)
? Monthly Reports (1st of month)
? MONTHLY PERFORMANCE REPORT ? Total Trades: 180 ? Win Rate: 68.5% ? Profit Factor: 1.85 ? Max Drawdown: 4.2% ? Best Pair: EURUSD (+$450)
? Best Practices
? Professional Trading Approach
? Pre-Trading Checklist
✅ Paper trading completed (2+ weeks) ✅ Signal detection accuracy >90% ✅ Risk parameters properly set ✅ Backup systems in place ✅ Emergency stop procedures ready
? Optimal Settings by Experience
| Experience Level | Risk % | Max Daily % | Max Positions |
|---|---|---|---|
| ? Beginner | 0.5% | 3% | 3 |
| ? Intermediate | 1.0% | 5% | 5 |
| ? Advanced | 2.0% | 8% | 10 |
| ? Professional | 3.0% | 12% | 15 |
?️ Risk Management Rules
- Never increase risk after losses
- Scale position size with account growth
- Monitor correlation between signals
- Maintain emergency stop procedures
- Regular performance review meetings
? Scaling Strategy
? Account Growth Phases
Phase 1 ($500-$2K): ? Learn and validate ├── Risk: 0.5% per trade ├── Focus: Consistency and learning └── Goal: Preserve capital while gaining experience Phase 2 ($2K-$10K): ? Build confidence ├── Risk: 1.0% per trade ├── Focus: Optimize performance └── Goal: Steady growth with controlled risk Phase 3 ($10K-$50K): ? Professional execution ├── Risk: 1.5% per trade ├── Focus: Advanced strategies └── Goal: Significant returns with risk management Phase 4 ($50K+): ? Institution-level approach ├── Risk: 2.0% per trade ├── Focus: Portfolio management └── Goal: Consistent alpha generation
? Security & Compliance
?️ Security Best Practices
? API Security
- ? Secure Token Storage - Never share bot tokens
- ? VPS Security - Use reputable providers only
- ? Regular Token Rotation - Change tokens monthly
- ? Access Monitoring - Track API usage
? Trading Security
- ? Regulated Brokers Only - Verify licensing
- ? Segregated Accounts - Client funds protection
- ? Secure Connections - Always use SSL/TLS
- ? Audit Trails - Maintain detailed logs
⚖️ Legal Considerations
? Compliance Requirements
- ? Local Regulations - Check trading laws in your jurisdiction
- ? Tax Obligations - Report all trading income
- ? Risk Disclosures - Understand and accept risks
- ? Record Keeping - Maintain transaction records
? Success Metrics & Goals
? Performance Targets
? Monthly Targets
- ? Conservative: 3-8% monthly return
- ? Moderate: 8-15% monthly return
- ? Aggressive: 15-25% monthly return
- ⚠️ Risk Ceiling: <10% maximum drawdown
? Quarterly Milestones
Q1: ? System Mastery ├── 95%+ signal detection rate ├── <5% maximum drawdown └── Consistent daily execution Q2: ? Performance Optimization ├── 12%+ quarterly returns ├── 70%+ win rate └── Profitable across all major pairs Q3: ? Advanced Features ├── Multi-timeframe analysis ├── Portfolio-level risk management └── Custom signal development Q4: ? Professional Results ├── 40%+ annual returns ├── Sharpe ratio >2.0 └── Institutional-quality metrics
