This MetaTrader 4 expert advisor functions as a local trade copier, allowing users to replicate trades from one terminal to another. It operates by sharing a data file between a master and a slave instance on the same computer or filesystem. The slave EA manages order execution, including market, limit, and stop orders
Copier & bridge · MT4
Telegram MT4 Copier
This MetaTrader 4 expert advisor serves as a bridge to automate trade execution based on messages from Telegram signal channels.
GitHub stars8
Forks7
Last update3 years ago5 Apr 2023
LicenceMIT
Overview
Telegram MT4 Copier parses incoming text for specific commands such as market orders, pending orders, and order modifications. The tool handles trade management tasks including breakeven adjustments, stop loss updates, and partial closures. Risk controls include lot sizing based on account percentage, a maximum spread filter, and an equity drawdown protection setting that closes all trades if a threshold is hit.
- Automated signal parsing from Telegram channels
- Support for market and pending order types
- Flexible symbol mapping for broker compatibility
- Account protection via maximum drawdown limits
- Integrated trade management for partial closes and breakeven
Details
Author
pepshirley on GitHub
Type
Copier & bridge
Platform
MetaTrader 4 (MQL4)
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
EA files
Input parameters
Read from tg_copier.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
InpSep40 | string | | COMMAND SETTINGS |
InpOTCmds | string | buy,sell,buying,selling,buystop,sellstop,buylimit,selllimit | Ordertype commands (not case sensitive) |
InpCloseCmds | string | close,delete,collect | Close commands |
InpBECmds | string | breakeven,sl to entry,set be,be highest,be lowest | Breakeven commands |
InpSLCmds | string | move sl,update sl,change sl | SL update commands |
InpTPCmds | string | move tp,update tp,change tp | TP update commands |
InpSep30 | string | | SYMBOL OPTIONS |
InpBrokerName | string | GOLD=XAUUSD,NAS100=USTEC | Add custom symbol (name on signal=name on broker) |
InpSep3 | string | | TRADE & RISK SETTINGS |
InpBELossPips | double | 3 | Loss breakeven pips |
InpUseSpreadFilter | bool | false | Use spread filter? |
InpMaxSpread | double | 5 | Maximum spread allowed |
Show all 14 inputs
| Name | Type | Default | Description |
|---|---|---|---|
InpMaxDD | double | 5 | Maximum drawdown (%) |
InpCloseOnDD | bool | false | Close all trades on max drawdown |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone pepshirley/telegram-mt4-copier from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
Similar expert advisors
DWX Connect is an open-source bridge that links external trading strategies written in Python, C#, or Java to MetaTrader 4 and 5. It functions as a server EA that facilitates communication via file-based messaging, allowing users to execute trades and subscribe to market data without coding in MQL. The EA manages trade
Telegram API Signal Bot is a notification utility for MetaTrader 4 designed to broadcast trading activity to external communication channels. The EA monitors the terminal for order events, including executions and partial closes, and transmits the details to a Telegram group or channel using the Telegram Bot API. It of
This expert advisor provides a communication layer between MetaTrader 4 and external software applications via the ZeroMQ protocol. It operates as a server that listens for remote commands to open, modify, or delete market and pending orders. The system features a request-response mechanism and a dedicated push server
This expert advisor functions as a data bridge for streaming real-time market information from MetaTrader 4 and 5 to external applications. It utilizes the ZeroMQ library to transmit price ticks and order book updates to a remote server. The tool is intended for developers building quantitative trading platforms or dat
Neo Trader is an order execution bridge that facilitates the transfer of trade data from TradingView to MetaTrader 4 and 5 terminals. Operating through a local socket server and a browser extension, it allows users to execute trades directly from TradingView position drawing tools. The expert advisor handles market and
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers