It is a simple Telegram Copy Trader with some cool features. Some of us are new to trading, some of us have other jobs, some of us are too lazy to sit in front of the chart or too nerves to open and hold a trade. This EA is for them. You can trade alone, trade in different accounts or even trade in team. You don't have to install any other applications. All you have to do is find some accurate signal providers or telegram channel, copy that to your telegram bot and let the EA do the rest.
Features
- Multi Symbol, minimal inputs, great security and easy to use
- Fast Capture, Automatic Zone defining, Layering, Multiple TakeProfits, StopLoss, BreakEven
- Account Management and defining Accurate Lot Allocation for each layer
- Notifications through MT5 mobile app and Telegram
- Supports Telegram Groups and Channels
- Manual StopLoss updating, Partial Close and Bulk Close functions
- Layering Exponentially and Lot allocation(can be changed) for good profit and less loss.
Setup
- Download the EA
- Create a Telegram bot using https://telegram.me/BotFather Save the Bot Token.
Get your Telegram Id using https://telegram.im/@userinfobot?lang=e n
Go to MT5 terminal, go to Tools -> Options -> Expert Advisors . Enable Allow algorithmic trading.
Enable Allow WebRequest for listed URL
Add this URL: https://api.telegram.org
Go to Tools -> Options -> Notifications and Enable Push Notifications. Make sure your MetaQuotes ID has been entered and Test it.
Attach EazyTrader EA to any chart and enter the Inputs (Explained Below)
EA will connect to your bot and your bot name will be displayed on the top left corner. And you are good to go.
Inputs
- Bot_Tocken: Enter your bot token. Revisit BotFather to get it again.
- UserName: Enter any name that you want to be called.
- ChatId: ChatID you got from userinfobot.
- Margin_to_place_1MicroLot: Calculate your risk. Most of the scalping signal providers uses 50pips StopLoss. For 1 MicroLot (0.01) it will be 5USD. If your maximum allowed risk is 2% then this will be 250USD. So for every 250USD EA will add an extra Lot to your trading. (StopLoss/risk%)
- ZoneWidth: Enter the gap between your entry point and exit point of the zone in points (points = pips*10). This will only be applied for no-zone signals.
- LotAllocation: Last Layers Gets Larger Lots methode(not exact Martingale) is where the last layer has the more number lots and lowest layer has less number of lots. All Layers gets same lots Methode has equal number of lots for all the layers. Although both of them has higher layer priority in lot allocation
How it Works
- Run this EA on a laptop which has 24*7 Internet or Get a VPS. MetaTrader offers VPS from 15USD/Monthly. I'll Suggest to create a Windows/Mac VPS on AWS or Google Cloud. You will get 1-2Months free tier. One free-tier VPS can run upto 4 MetaTrader terminals.
- Find some good Signal Providers (I could suggest some, message me). Copy paste that signal into your Telegram Bot
- It should be like this format: Symbol/Type/ZoneEntry/ZoneEnd/StopLoss/TakeProfit1/TakeProfit2/TakeProfit3 eg: xauusd/buy/1881/1879/1877/1883/1886/1891
- Or you can use: symbol/type/now eg: xauusd/buy/now. EA then creates a zone assigns SL,TP1,TP2,TP3 and takes trades at the best prices.
- None of these functions are case sensitive, and sent any message to your bot and it will sent you these formats if you have forgot them.
- Once the signal received EA will notify you via MT5 Mobile app(important) and Telegram. It will notify the series of signals and their status.
- There are additional formats for UpdateSL, Close Entry point and close all. eg: 0/updatesl/1875 where '0' is your signal count received via MT5 mobile app. Sent a number/text to get these formats in your bot. eg: 0/hi
- Once the trades are active EA will set BEs whenever it crosses certain price points. You can Decide these values in the Inputs. So that your trades will never go to Losses.
Advantages
- EA will do 95% of the trading. You don't have to sit infront of the chart.
- You can trade in multiple accounts. Create telegram bots for each account and add them into a private group, connect them with the EA(Get the Telegram Group's chat ID and enter it in the ChatId input) and one message in the group will broadcasted into all the EAs.
- Same way you can trade in team with your friends/family.
