Telegram Connectors is a software program that connects Telegram signal provider groups with your MT4 and MT5 trading accounts. This way, you can reduce the risk of missing out on profitable trades. The platform has partnerships with several signal providers, VPS service providers, and brokers.
There are monthly and lifetime plans for this system. You can sign up for the free plan for both the monthly and lifetime categories. The monthly Basic, Pro, and VIP plans are priced at $34.99, $49.99, and $79.99, respectively. On the other hand, the corresponding lifetime plans cost $299.99, $399.99, and $499.99, respectively. The difference between these plans is the number of MT4 accounts they let you connect. Unfortunately, there is no money-back guarantee for any of these plans.
Is Telegram Connector good?
Telegram Connector allows you to link signal provider groups with your trading account for a small price. It works on both MT4 and MT5 trading platforms and is very easy to set up. However, we don’t have a verified trading account for this system and there is not enough information on the parent company.
Features of Telegram Connector
This system automatically executes all the signals from the providers, so you don’t need to put in manual efforts at your end. You can easily manage your account by adjusting the lot size for the signals or dedicating a certain portion of your balance.
It is possible to execute signals for all pairs through this software. You can even build your own strategy for each asset and provider. For managing risk, you can adjust the stop loss, take profit, and trailing stop loss settings.
To run this program, you need a Windows computer, a stable internet connection, and VPS software. Also, you must have an MT4 or MT5 account with a broker. You can define separate money management on each channel. In addition to this, you can choose between instant and pending orders. After choosing the most suitable plan, you will get an email from the software. Then you can install it on your trading platform following the instructions.
|Trading Terminals||MT4, MT5|
|Customer Reviews||Good (4.2 out of 5 rating based on 51 reviews on Trustpilot)|
What strategy does Telegram Connector use?
Telegram Connector doesn’t have any strategies of its own. The strategy on which your signals are based depends on the signal provider. This system simply executes the strategies that are used by the analysts generating the signals for the respective groups.
Backtesting vs live trading results
EA vendors often test their systems with historical data. These tests go on for several years, thus exposing the system to various market conditions. Since this is not an expert advisor, we have no scope to analyze the backtesting data. However, it has a backtester that you can purchase for $99.99. This allows you to test whether a provider is profitable or not.
Unfortunately, the vendor has not shared the live trading results for this expert advisor. Thus, there is no way for us to determine whether you can generate steady profits while trading with this system.
The core team
The headquarters of this company is located in Regensdorf, Switzerland. We have the official email address on the website, along with the link to a Telegram channel. There is no information on the developers, so we don’t know what kind of experience they might have. Also, we don’t know whether this company has built similar systems in the past.
What are the pros and cons of investing in Telegram Connector?
Telegram Connector is a system that lets you execute signals on your MT4 and MT5 accounts for free. It allows you to manage risks effectively and execute orders without much hassle. However, there is very little information on the developer company and the vendor has not shared a live trading account where we can witness the performance of the EA in a real-time trading scenario.