Q: How to Configure Words and Terms Used for Orders

Words/Terms: In this section, you will find a list of terms commonly used by providers to indicate different types of orders. You have the flexibility to add new terms based on the specific language and terms used by your provider. Each term should be separated by a semicolon (;). Additionally, to prevent the EA from executing trades when the channel is only providing a reminder about a trade, you can include specific terms used by the channel. When these terms appear in the message, TelegramFXCopier will not take any trade based on that signal. By customizing the list of terms and including the appropriate keywords, you can ensure that TelegramFXCopier accurately interprets the provider's signals and avoids unnecessary trades when the channel is only providing reminders. ${frame}<a href="https://www.youtube.com/embed/WSFrIZ250aY"></a>

Question 1

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 2

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 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.

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Question 5

How to Ignore Terms and Expressions in a Signal

Accepted Answer

Here is a feature in TelegramFxCopier known as "Words/Expressions to ignore." With this option, users can put specific words and expressions from signals that they wish to exclude. For example, if your provider likes to use the term #XAUUSD for some weird reason, you can tell the software to ignore the #.

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Question 6

How to Configure Words and Terms Used for Orders

Accepted Answer

Words/Terms:

In this section, you will find a list of terms commonly used by providers to indicate different types of orders. You have the flexibility to add new terms based on the specific language and terms used by your provider. Each term should be separated by a semicolon (;).

Additionally, to prevent the EA from executing trades when the channel is only providing a reminder about a trade, you can include specific terms used by the channel. When these terms appear in the message, TelegramFXCopier will not take any trade based on that signal.

By customizing the list of terms and including the appropriate keywords, you can ensure that TelegramFXCopier accurately interprets the provider's signals and avoids unnecessary trades when the channel is only providing reminders.

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