Redfox Copier Pro

The Redfox Copier Pro is a trading robot which functions as a copier, as the name implies. This EA copies trades from Telegram to MT4. The Redfox Copier Pro will evaluate the trading signals you receive on your preferred Telegram channels and send them to your MT4 account.

This Expert Advisor can be purchased from the MQL marketplace whilst there is a free demo version also available to give it a try before making any commitment. In this article, I will be taking a look at how the Redfox Copier Pro works. Hopefully, that will help you to decide if this is a trading robot that you would consider using on your trading account.

Copying Trades from Telegram to MT4 with Redfox Copier Pro

The term Telegram to Mt4 refers to the entire process of replicating signals from Telegram signal copier to mt4 platforms. Users can not only follow all of the signal provider’s directions, but they can also create their own strategies by selecting trading signals and managing their own money and risk. Modifying the take profit or stop loss goals for individual orders is simple by editing the original post or replying to the original post. Orders can be easily closed based on volume.

Redfox Copier Pro
Redfox Copier Pro

Redfox Copier Pro Features

  • Auto detect and copy signals from Telegram to MT4.
  • Auto calculate position size.
  • Auto manage order by configuration.
  • Auto BE by TP target.
  • Auto close lot when hit target.
  • Configure trailing stop.
  • Management order by command.
  • Open multiple orders by TP.
  • Configure TP/SL by pips.
  • Configure TP/SL by ATR.
  • Auto close lot when TP2.
  • Auto move SL when TP2.
  • Active move SL, close lot by pips.

Telegram Setup instruction

  1. Open your Telegram APP and search for “BotFather”.
  2. Type /start and click/type /newbot to create a new bot.
  3. Give your bot a nickname and username (e.g., nickname: RedFox and username: RedFoxbot <– username has to be ended by ‘bot’).
  4. Congratulations! You have created your Telegram bot.
  5. Save your bot API token.
  6. If you don’t have it already, create the channel or group.
  7. Open the channel/group Info, then Manage, Add Administrators, type the bot username, and click Save.
  8. Back in MetaTrader 4, go to Tools > Options > Expert Advisors > tick ‘Allowed WebRequest for listed URL’ and add ‘https://api.telegram.org.
  9. Attach the utility into a your MetaTrader 4 chart and fill up the Token (from step 5)
  10. Your utility is ready to work for you.

Conclusion

Redfox Copier Pro could be a beneficial trading robot for traders who have signal providers on Telegram whose trades they want to copy, or perhaps who want to copy their own trades that they post on Telegram.

It is important to note that past performance does not guarantee good future results. Therefore, I would only test the Redfox Copier Pro on a demo account using a trial version to begin with. This would allow me to get a feel for how it works and see if it fits within my own trading style.

It’s also important to note that copying trades from Telegram to MT4 comes with some risks, as the quality of the trading signals can vary greatly between different channels and groups. It’s important to do your research and choose a reputable and reliable Telegram channel or group to copy trades from. Additionally, it’s important to monitor your trades closely and practice proper risk management to minimize potential losses.

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