Question 1

How to Solve Backtest Initialization Error in MT5

Accepted Answer

What if you're trying to run a backtest, but you get no output from your data? Yes, it can be a data sync issue, but it can also be caused by other things. This video shows how to solve the oninit or global initialization error problem in MetaTrader 5 backtester.

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Question 2

TP & SL settings

Accepted Answer

Setting Take Profit (TP) and Stop Loss (SL) levels can be done in three different ways:

Take Profit / Stop Loss type from Provider: This option allows you to define TP and SL based on how the signal provider specifies them. There are three types available:

Price: Example: Buy Eurusd TP: 1.12355
Points: Example: Buy Eurusd TP: 200 points
Percentage: Example: Buy Eurusd TP: 0.05%

Custom SL/TP in points: This option enables you to set your own TP and SL levels in points. You can define specific values for TP and SL that will be used when certain conditions are met. To deactivate TP/SL, you can set both values to 0.
When to use custom SL/TP: This setting determines when to utilize the custom TP and SL values. There are three options:

Always (Regardless of the signal): The custom TP and SL values will be used for all trades.
WhenNotRecognized: The custom TP and SL values will only be used when the signal provider does not specify TP and SL levels.
Never: The custom TP and SL values will never be used.

It is important to note that setting "Trade without SL" to false ensures that no orders will be executed without a SL. This setting helps enforce risk management by requiring every trade to have a defined stop loss level.

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Question 3

What is the installation process?

Accepted Answer

Once the subscription process is complete, users will gain access to their personal account in the TelegramFXCopier account panel. Here are the steps to follow:

In the "Downloads" tab, select the file to download. TelegramFXCopier requires a 64 bit system compatible with Microsoft Visual .NET 4.8.1. You can see Microsoft's list of compatible systems here.
Before launching the setup file, ensure that you have uninstalled any previous versions of TelegramFXCopier from your device.
Double-click on the setup file to initiate the installation process. Allow it to install all the necessary components. You also have the option to add a desktop shortcut. Once the installation is complete, it is recommended to restart your PC or VPS (Virtual Private Server) for optimal performance.

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Question 4

How do I start copying signals?

Accepted Answer

To get started with the TelegramFxCopier software, follow these steps:

Activate License: Complete the activation process for your license inside the user portal.
Launch the Software: Start the TelegramFxCopier software from your desktop.
Enter Phone Number: Provide your phone number in the software. You will receive a 2FA code in Telegram.
Enter Verification Code: Enter the 2FA code from Telegram into the designated DialBox in the app.
Connect to Telegram: The app will now establish a connection with Telegram. You will see a list of channels displayed.
Enter Metatrader Account Numbers: Input your Metatrader account numbers for the MT terminals that are open on your computer or virtual private server (VPS).
Select Terminals for Each Channel: Choose the Metatrader terminal(s) to which you want to copy signals for each respective channel.
Save Settings: Click on the save button to save your configuration.
Verify Monitoring Status: Check that the status has changed to "Monitoring" to confirm that the settings have been saved successfully.
Apply Expert Advisor: Locate the expert advisor named "TelegramFxCopier" in the experts list within MetaTrader.
Set Configuration: Apply the expert advisor to a chart and configure it according to your preferences.
Enable DLLs and Activate Live Trading: Make sure to allow the use of DLL(s) and activate live trading in the Metatrader settings.

By following t

Question 5

Setting up the copier for best results

Accepted Answer

Now that you have Telegram FX copier installed, let's talk about the best ways to set this up and use it.

Our first suggestion is to create a test channel in Telegram, and follow it in the copier. This is the fastest way to validate any settings, to make sure they work properly.

Please make sure you have your settings properly adjusted and tested before putting real money on any system!

We can start by double clicking on the EA to add it to a chart. If you get errors with license verification, visit this link. If you get a pop up window that says 'not configured for this account,' that means your MetaTrader account number is not added to our user portal. Please review the installation and setup video or [visit this link](https://helpdesk.telegramfxcopier.io/en/articles/8162245-how-can-i-activate-my-lic

Question 6

Why Didn't My Trade Trigger?

Accepted Answer

There can be a lot of reasons why a trade doesn't open. Let's start with the simple things.

Autotrading/Algotrading is turned off. Make sure it's turned on.

Markets are closed.
You are trying to take a provider order as a market order. If the market price is on the wrong side of either the SL or the TP, some brokers will reject the order completely. See this article for more info.
Broker requotes/no prices. This happens on market orders during thin or fast moving markets. It usually results in a code 10004, 10014, 10018, or 10021.
The signal contains symbols that do not match the EA's internal symbol map (symbol not found). Remember, forex pairs are mapped internally by the EA unless the format is unusual (like #EURJPY or EUR/JPY for example). Gold, indexes and crypto must be mapped manually, in the EA settings. See here.
You are trying to take a trade with a lot size that is sma

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