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REDFOX COPIER PRO EA MT4 – Full Input Settings Analysis
RedFox Copier Pro EA is a sophisticated solution for trading replication, with a seamless method of combining Telegram channel signals in your MT4 account. It accurately translates Matrix Arrow Indicator signals, and provides manual and automated trading solutions. The application optimizes trading efficiency by performing Telegram-derived signals instantly, and with the facility to provide users with control using variable strategies and risk management parameters. Users need to merely enable automated trading and WebRequest features in the MT4 options to use this solution seamlessly.
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Signal & Lotsize Settings
- Signal Provider: OTHER_SIGNAL – Uses an external non-default signal source (i.e., an external Telegram channel).
- Lot Size Mode: AUTO_LOT – EA automatically calculates lot size based on account balance and risk parameters.
- Account Balance: 1000.0 – Lot size calculation reference value when using AUTO_LOT.
- % Balance to Risk on Trade: 1.0 – Risks 1% of the account per trade.
- Lot Size Fixed: 0.01 – Lot size when not using AUTO_LOT.
- Minimum Lot: 0.01 – Minimum allowable lot size.
- Max Orders Open: NUMBER_OPEN_BY_TP_SIGNAL – Limits the open orders by TP signal constraints.
- Allow Opening Pending Order When There Are 2 Entries: false – Prevents opening pending orders if 2 entries are open.
SL & TP Config
- Set SL & TP: SAME_AS_SIGNAL – Has the same stop-loss and take-profit levels as the source signal.
- Increase/Decrease TP When Open: 0 – No TP modification when order is opened.
- SL & TP Fixed: All = 0 – No fixed pip-based TP; relies on the levels of the signal instead.
- SL & TP by ATR: Period 14 ATR, Multiplier 2.0 – Option to set SL using ATR; the current TP ATR multiplier is 4.0.
Order Config
- Open Order Same Type By: DISTANCE_TIME – Checks price distance and time duration prior to opening a new same-type order.
- Time Distance Between Same Type: 60 seconds – Requires at least 1 minute between two sequential orders in the same direction.
- Pips Distance: 30 – A minimum of 3 pips (30 units for 5-digit brokers) should be between similar orders.
- Same Type Orders Opened per Signal: 0 – No limit on the number of same-type orders per signal.
- Skip Order When.: A set of toggleable conditions to prevent orders when lot size is excessively large or when spread is too wide.