Telegram to MT4 / MT5 Signal Trader

MT5 Available here: Telegram to MT5 Signal Trader

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The Telegram to MT5 Signal Trader copies text-based signals from Telegram directly to MetaTrader. You can copy signals from both public and private channels or groups. The software supports copying signals from multiple providers to one or more trading accounts simultaneously.

Installation

Due to limitations of MQL, the Telegram to MT5 Signal Trader EA requires an additional desktop application to communicate with Telegram. Currently, Signal Trader is only available for Windows.

1. Install the Telegram to MT5 Signal Trader EA from the MQL5 Marketplace. If you're unsure how to install Market products, follow this guide: How to install Products from the Market on MQL5.com.

2. To enable communication between the EA and the Telegram Signal Trader, you must allow web requests. Open the MetaTrader terminal, go to Tools → Options → Expert Advisors, enable "Allow WebRequest for listed URL", and add http://127.0.0.1:5000 to the list.

   
3. Download and install the latest version of the Signal Trader desktop software. The installer is named something like: Telegram.Signal.Trader_0.4.0_x64_en-US.msi (Note: Windows only)
4. After installation, start the Signal Trader app and log in to Telegram. Make sure the EA is running in MetaTrader, else you won't be able to login.
1. Enter your phone number (with country code).
2. Enter the code you receive via Telegram from the official Telegram service.
3. If you’ve set up a Telegram password (2FA), enter it as well.
5. Now you’re in the main section of the software. Below, I’ll explain each tab in more detail.
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Account  & Providers

The Telegram Signal Trader software is designed to let you create multiple signal accounts. Each account can have several Telegram providers assigned to it. Every account is connected to a specific instance of the EA running on a MetaTrader chart.

This gives you the flexibility to group different signal providers and connect them to one or more MetaTrader accounts.

Accounts

In the sidebar of the software, select Accounts. Here, you need to create at least one signal account, which you will later connect to from the EA in MetaTrader. As soon as the connection is established, signals will be copied automatically.

At the top of the Accounts section, you will see basic information about the connected MetaTrader account. This includes general performance data. Please note that this data represents the entire trading account, not just the trades executed by the Signal Trader software.

In the top right corner, you can open the account settings by clicking the gear icon.

Providers

At the bottom of the account panel, you will find a section for providers. Click the Add Provider card to open a dialog showing your Telegram chats. You can scroll through the list or use the search bar to quickly find the provider you want to add.

You can link up to 10 providers to a single signal account.

Clicking the gear icon next to a provider opens the Provider Settings.

Account Settings

Provider Settings

Copy Settings

This section allows you to define which trade actions should be copied from the selected provider to your MetaTrader account.



• Trade Action Filters: Enable or disable which types of trade events are copied. This includes market orders, pending orders, partial closes, breakeven events, order modifications, deletions, and reopenings.
• Signal Behavior: If the original message is modified or deleted, you can decide whether to update the trade or close it.
• Ignore Incomplete Signals: When enabled, signals that are missing required trade parameters (like SL or TP) will be skipped automatically.



Signal Settings

This section defines how the software should detect and classify trading signals from the provider's messages. You can configure multiple keywords or patterns for each signal action. This is one of the most important parts of the setup, so please read the documentation carefully.

We strongly recommend using a demo account and a test channel to verify if your signal formats are correctly recognized. If you're confident that your configuration is correct but something is still not detected, please contact support through the app and provide an example of the signal message that failed.

All keywords are case-insensitive.



The following settings will be explained using this example message:

Gold buy now 3369.3 - 3366
SL: 3363
TP: 3371
TP: 3373
TP: 3375

• Value Detection: Define which characters are used as decimal and thousand separators in signal values. This may vary depending on region and language.
• Order Types: Define which keywords correspond to specific order types. For example, for a Buy order you could use terms like buy , long , or bullish . The software will treat any of them as a Buy signal.
• Signal Actions: For each action type (e.g. New Trade, Modify Order, Close All), define matching phrases. The system uses these patterns to classify the signal.
  
  For new trades, you can use placeholder tags. Currently supported: <symbol> , <type> , and <price> . Use the "Tag" button to insert them.
  
  Based on the example above Gold buy now 3369.3 - 3366 , the correct pattern would be:
  <symbol> <type> now <value> - <value>
  
  
  • <symbol> : Matches any symbol from your broker account
  • <type> : Must match one of the defined order types
  • <value> : Must be a valid number
• Trade Levels:
• Start by defining keywords for your trade level types. For example for the SL, stop loss  and sl  will both be recognized as <SL> .
• Next, define the format in which these levels appear in the message. Based on the example SL: 3363 , the correct pattern is <SL>: <price> . This will match both SL: 3363  and Stop loss: 3363 .
• Repeat this process for all other types like TP, Entry, Break-even, etc. Review real messages from your provider to identify how they structure values for each action (e.g. moving SL to BE, closing half, etc.).
• Try not to add too many patterns to a single action, or they may start conflicting with each other. Test often and simplify when possible.



Risk Settings

This tab defines how much risk to apply per trade. You can choose between a fixed lot size or dynamic percentage-based risk logic.



• Risk Settings:
• Select how you want to define the risk for each trade. You can choose between:
  • Fixed Lot Size
  • Fixed Money
  • % of Balance
  • % of Equity
• Set the value depending on the selected mode above.
• Define the percentage of the position that should be closed when executing a partial close.
• Pending Order Handling: Set the maximum allowed slippage. If the provider includes a specific entry price and the current market price is within the allowed slippage range, a market order will be executed. If the price is outside this range, the EA will either ignore the trade or place a pending order, depending on whether the option is enabled. You can also set an expiration time for pending orders, in minutes.




Trade Level Configuration

This section allows you to configure multiple take profit levels, breakeven logic, stop loss handling, and trailing stop behavior for the selected provider.





• Entry Price: If your prop firm does not allow direct copy trading, you can apply an entry offset. This can be a fixed value or a random value within a defined range, so your trades differ from the original signal.
• Take Profit Levels:
• You can define multiple TP levels and assign a percentage of the position to close at each one.
• Manual: You can choose to use the value from the signal or set it manually. You can also set the manual TP to be used only if the signal does not include that TP level.
• TP distance can be defined:
  • by fixed pips from entry,
  • as a % of your SL (e.g. 200% for 2R),
  • or as a % of the highest TP in the signal (between 0%–100%).
• Strategy: You can define an action for each TP level. For example, when TP2 is hit, move SL to entry or to TP1.
• Stop Loss: Set a manual SL. You can also choose to use it only as a fallback in case the signal doesn’t include one.
• Break-Even Settings: Define when to move SL to breakeven. Options include a fixed number of pips in profit, or a % of TP or SL.
• Trailing Stop: Activates a trailing SL that follows the price once a defined profit is reached. You set the activation threshold and trailing distance in pips.