Trade Copier - Setup and Installation

Prerequisites

● MetaTrader 4 installed on a reliable computer connected to the internet

● MetaTrader 4 installed on a VIP from one of our recommended providers below:
○ US VIPs - https://forexrobotnation.com/interserver
○ Worldwide VIPs - https://forexrobotnation.com/fxvm

Installation
1. Download the software by clicking this (link). When downloaded you will see a file like this on
your computer.

2. Unzip the file you downloaded to your computer. You can do this by right-clicking on the file and
choosing Extract All and specifying a location.

3. Open MetaTrader 4, choose File, then Open Data Folder

4. A folder will open, like the one you see in the image below:

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Trade Copier - Setup and Installation
5. Copy the Expert “Forex Robot Nation Copier v1_01.ex4” into the in MQL4\Experts folder.

6. Copy the folder “TelegramToMT4” into the MQL4\Files\ folder. (Folder names are very
important and case sensitive, so, let’s not change them)

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Trade Copier - Setup and Installation
Configuration and Usage
7. Connect to your telegram account. To start receiving the signals from the VIP group. Go to the
“TelegramToMT4” folder and run the file with the “.exe” at the end. You will be prompted to
enter your phone. Enter your country code and phone number.

a. Leave the window open for as long as you want to receive signals from Telegram to
MetaTrader and it’s recommended that you minimize that window to keep from
accidentally closing it.

8. Verify your Telegram connection

a. Verify you see "Connected to telegram"
b. Check for the blinking cursor

9. Now, attach the EA to a chart: a single chart will handle all symbol signals for a specific channel.
(EA need to run always)

10. Configure the EA for the risk and other settings that match your invest profile

11. Turn on auto trading from the top menu in MetaTrader. If it’s not on, it will never work.

© 2022 Rypax, Inc.

Trade Copier - Setup and Installation
12. Now the hard part, patiently wait for fr a signal to be published and verify it was copied into your
MT4 account.

13. You will see a lot of additional features in the EA input variables because I worked on similar
projects for years and I realized that people would like having advanced functions like:

● Time filter
● SL/TP override with custom values
● Trailing (pips based)
● Trailing TP (based on TP hit)
● And a lot of others!

If you don't like or don't need them, leave them disabled, all custom functions can be enabled or
disabled, it's up to you!

© 2022 Rypax, Inc.

Trade Copier - Setup and Installation
GLOBAL SETTING

Name Description Example

EA Name Name used for notifications prefix

Magic number Identifier of trades opened by the EA

Channel name

Symbols mapping Provide mapping in case of received Receive GOLD, trade XAUUSD ->
name GOLD:XAUUSD
from the provider is different than one on
broker

Symbols prefix

Symbols suffix

Excluded symbols Symbols are written here will not be

traded

TRADES

Trades comment

Dynamic lot calculation Select mode for dynamically calculating

lot sizes (SL Points, it’s based on how
SL is far from entry price. Tick value:
It’s based on tick
value of a pair, regardless of SL
distance)

Split lot/risk equally Used for split Lot/Risk declared in TP1 You set it to TRUE and Lots TP1
among all TP received to 0.2. If received 1 trade 0.2 lot
is opened.
If received 2 trades 0.1 lot for each one.
If received 3 trades 0.07 lot for each one.

Lots TP1 – TP3 Lots for TP1-TP3 trade If Set to 0 - > dynamically calculate it.
If set to -1 -> do not open TP1-TP3
trade.

Risk factor TP1 – TP3 Risk factor for TP1 – TP3 trade In case of Lots set to 0, this factor is
used for
dynamically calculating lot sizes.

Special Lots Used for manually mapping a XAUUSD:0.11-0.22-0.33

symbol to a static lot size Means for XAUUSD this lot sizes
will be always used.
TP1 : 0.11
TP2 : 0.22
TP3 : 0.33

STOPS OVERRIDE

Override mode Override SL/TP of original signals Select if override them always or only if
not
provided by signal provider.

Stop loss pips TP1 – TP3 Pips for SL of TP1-TP3 trades Leave them as -1 to use signal provider.

Take profit pips TP1 – TP3 Pips for TP of TP1-TP3 trades Leave them as -1 to use signal provider.

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Trade Copier - Setup and Installation
MANAGEMENT
Max retries if OrderSend failed
Check if already opened order with same
price
Remove pendings if market not found
Pips tolerance for Market or Pending
Minutes for pending order expiration
Multi trades on the same pair
Check for other opened trades
Use Time Filter
Start trading time
End trading time
Use Trailing stop pips
Trailing start pips
Trailing step pips
Trailing distance from current price pips
Attempt for retring to send a trade to
broker
server in case of request fail.
If set to TRUE and another trade at the
same
price is opened, it will be skipped.
Remove pending trades of a specific
symbol if
a market trade on it is not found.
Pips amount for tolerance of signals. If
price provided on signal is nearer than
tolerance pips to current price, it get
opened as market,
otherwise as pending.
Minutes set to pending trades as
expiration.
MULTI TRADES
Allow multiple trades on the same
symbol (Select if always allowed,
only opposite
trades: HEDGE, or not allowed)
Time to check for other opened trades, if
today trades or all time trades.
FILTERS
To allow EA to trade only in specific
hours
ADVANCED
Use trailing stop functions based on
profit
pips
Pips for starting to trail a trade.
Pips for continue moving SL of a tade.
Pips for distance of SL from current price Let’s suppse to
select. START :
20 pips
STEP : 5 pips
DISTANCE : 15 pips
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