Introduction
The Telegram To MT4 Copier is a trading robot designed to automate the process of copying trading signals from Telegram channels directly to the MT4 platform. With a rating of 5 and a price tag of $219, this tool has garnered attention for its ease of setup and effective performance. But does it live up to the hype? Let's dive into its features, analyze its results, and see if it's worth your investment.Description of Features
The Telegram To MT4 Copier boasts several key features:- Signal Copying: The robot copies all trading signals from specified Telegram channels or groups to the MT4 platform. It supports various signal formats, including text and image signals, and handles channels with 'Restrict Saving Content' enabled.
- Multi-Channel and Multi-Platform Support: It supports copying signals from multiple Telegram channels simultaneously and can copy signals to multiple MT4 accounts concurrently.
- Instant Order Execution: The copier executes orders instantly upon receiving signals to ensure timely trade entries. It includes error handling to manage failed order executions and retry mechanisms.
- Language Translation: The software translates signals from other languages to English before copying them to MT4.
- Remote Copying: It includes remote copying functionality where signals with ticket numbers are copied exactly via the ticket number.
- Backtesting Support: The copier supports backtesting of signals to evaluate their performance before live trading.
Analysis of Results
Over the past year, the Telegram To MT4 Copier has shown mixed results. User reviews indicate that the robot performs well in terms of ease of setup and signal copying. Basil mentioned, Expert is working well, setup is easy, good communication with the seller. However, there are also reports of issues with complex signal formats. Evgenii Osipov noted, It is necessary to open two orders on such a signal: EURUSD BUYSTOP 1.06050 TP 1.06150 SELLSTOP 1.05680 TP 1.05580 But opens only one.Despite these issues, the overall sentiment is positive. Mohd Halem Bin Sani praised the additional functionalities like moving the stop loss to the entry point after hitting the first take profit. This feature adds a layer of risk management to the trading process. The robot's ability to handle multiple channels and translate signals makes it versatile, but its effectiveness heavily depends on the quality of the signals received.
Pros and Cons
- Pros:
- Easy setup and user-friendly interface
- Supports multiple channels and signal formats
- Instant order execution with error handling
- Language translation and remote copying features
- Backtesting support
- Cons:
- Dependent on the quality of signals received
- Issues with handling complex signal formats
- Occasional setup difficulties
Conclusion
The Telegram To MT4 Copier offers a range of useful features and generally positive user feedback. However, potential buyers should be aware of its limitations. The tool's performance is heavily influenced by the quality of the signals and the complexity of the setups it needs to handle. By understanding these potential drawbacks, traders can make a more informed decision and set realistic expectations for the tool's performance.Source Code of Telegram To MT4 Copier
We do not have access to the original source code of the Telegram To MT4 Copier sold on MQL5. However, based on its description, we have created a sample code that mimics its functionalities. This code is an example provided by easytradingforum.com and is not the actual code of the robot sold on MQL5. If you have any questions about the code, feel free to ask.
Code:
You don't have permission to view the code content. Log in or register now.
