Visit https://fxsocialwebhook.com/ to purchase webhook there is a separate video on setting up telegram. 

Full Guide on web hook https://www.fx-social.com/products/fx-social-lounge/categories/2153403320/posts/2170231929

Web-hook: Add in your Web-hook make sure to get new web hook if you plan to do multiple MT4/5. You don't need multiple web hook for multiple pairs.  

Below we have two recommended set up in the picture pick which one fits you I personally did recommendation one but two should also work just fine. 

Recommended Alerts and Pairs

Time Frame: 1 Hour

Pairs: AUDUSD, USDJPY, XAUUSD

(If your broker uses a different name for the pairs, substitute accordingly. Feel free to experiment with other pairs in a demo, but once live, stick to two or three pairs.)

Alerts: Yellow to Green for buy alerts and Yellow to Red for sells.

Recommended Risk per Trade: 0.10% to 0.30%

Below are the two recommendations, and I will explain the pros and cons of each.

1. Q=0.10%:

   • Pros: Lower risk per trade, providing a more conservative approach.
   • Cons: Potential for lower profits due to smaller risk.

2. Q=0.30%:

   • Pros: Higher risk per trade, allowing for potentially greater profits.
   • Cons: Increased exposure to risk, which may lead to larger losses.

Consider your risk tolerance and trading goals when choosing between the two recommendations. Simply copy and paste the setting only thing may change is name of pair based on broker and what you want to risk per trade when doing q=0.10% or 1=0.30%.

Request FX Social Sessions suggested time are 2am-2pm

I keep the software off from Saturday-Monday and turn it on at 12 am Eastern at the start London session for Tuesday. 

What is TradingView V2?

TradingView V2 is software that allows you to trade on MT4/MT5. Simply place it on one chart on any timeframe. It does not trade on that chart; instead, it facilitates the connection to the system.

Once added, you will be able to adjust settings. Note: Ensure that auto-trade or algo trading is activated for active trading.

Inputs for Software:

1. Activation key/email:

   • This is where you input your email.

2. Webhook URL:

   • This is where you input the webhook. The webhook is added in the TradingView software, and the alert on TradingView is how it knows to trade on MT4/5.

3. Trades Limit - Total Max Trade:

   • This is the maximum number of trades you will allow open at any time. For example, if set to 2, it will never allow more than 2 of any pair at one time. This is useful when running multiple alerts simultaneously and wanting to limit exposure.

4. Pyramiding:

   • This determines how many trades in the same direction you will allow. For instance, if set to 1 and a second buy signal occurs, it will be ignored. If set to two, it will take a second buy.

5. Symbol limit:

   • It is recommended to set it the same as the max trade to keep it simple. This limits the number of pairs allowed in at once. For example, if set to two and EURUSD and AUDUSD signals fire off, the first two trades will be EURUSD and AUDUSD. No other pairs will be allowed to trade until one of them closes and a new signal comes in.

6. Symbol Trade:

   • This is different; it determines how many trades of any direction you will allow. If set to 1, it will only allow 1 buy or sell AUDUSD trade. If set to two, it will allow multiple buy and sell trades, even simultaneously if you have hedge set to true.

7. Hedge:

   • This allows you to either have buy and sells open on the same pair at one time or close when the opposite signal comes in. With hedge off, if you have a BUY AUDUSD and a SELL signal comes in, it will close all buy positions for AUDUSD. If set to true, it will not close on the opposite signal; it will either ignore it if set to max symbol 1 or take the trade if set to max symbol 2 or more.

Default Parameters If Not Sent: We use alerts on TradingView to determine the trade, like buy/sell, lot size, take profit, stop loss, and more. You can add some of the settings here, like lot size, stop loss, take profit, as defaults. If not added in TradingView, any alerts that come from TradingView take precedence; if they are not in TradingView, the software will default to the settings added here. We provide in-depth training on this below.

How does Alert work?

Trading view has an amazing alert system that allow you to set alert usually as a reminder to buy, sell, close or check on a trade when it come to indicators. 

The amount alert depends on indicator some have simple alerts like buy or sell, when buy goes off you know to buy, when sell goes off you know to sell. 

Some have many alerts for example FX Social strategies have many, we do have buy and sell but we also have alerts like yellow to green, yellow to red. You can have any alert do a buy or sell. What put in message box when alert goes off is what it will trade. 

UNDER SETTINGS

Conditions: You can pick the indicator and the alert. 

Trigger: We recommend once ber base close, this means alert need close on the candle to confirm its a trade alert. 

Expiration: When the alert ends. 

Alert Name: This is for reference only, I like to put name of strategy so i know what alert is for. 

Message: This is where put alert commands so bot can read it. What put there will send directly to telegram then after MT4/5. For example in picture above BUY AUDUSD Q=1% TP=500 SL=400 means when that color change to green on that indicator please take a buy on audusd take profit 50 stop loss 40 and risk 1%. You will learn more about alerts below! 

NOTIFICATIONS

When setting up the bot in the notification tab I turn off all alerts including app, email and more. I turn on webhook and put the webhook there you get from FXSocialwebhooks.com 

Mandatory Alerts

This is what must put in every alert the direction and the symbol. 

Action – Instructions to be carried out when an alert is triggered. Example: buy, sell, close, or cancel a trade.

Symbol -  The name of the symbol to apply the action to. For example; EURUSD.

Full Alert Example for regular indicators

Buy EURUSD

Sell EURUSD

Strategy type indicators 

{{strategy.order.action}}

Two ways to set a stop loss and take profit by using a set take profit/stop loss or using the lows and highs of the market. 

SET TAKE PROFIT

This will have the same take profit and stop loss every time. We suggest that when going this route, you pick your stop loss based on how many pips the pair usually reverses. For example, AUDUSD would be much different than GBPJPY. Pick your take profit based on your risk; I usually like to aim for pips rather than risking

TakeProfit (TP) - Add the take profit of a trade. It can be specified in points from the entry price. Example; TP=200 would be 20 pips. 

StopLoss (SL) - Add the stop loss of a trade. It can be specified in points from the entry price. the entry price. Example; SL=400 would be 40 pips. 

( This could vary on crypto & indicies because of the point difference.)

Below is an example of AUDUSD buy with a 50 pip take profit and 40 pip stop loss risking 1% a trade. 

BUY AUDUSD Q=1% TP=500 SL=400 

Sell Example 

Below is an example of AUDUSD sell with a 30 pip take profit and 20 pip stop loss risking 0.3% a trade. 

BUY AUDUSD Q=0.30% TP=300 SL=200 

Strategy will just take buy or sell based on alert so all you do is {{strategy.order.action}}

{{strategy.order.action}} AUDUSD Q=1% TP=500 SL=400

Stop loss and take profit based off high/low (Experimental)

You can also use the high and low of the market when picking a stop loss. This feature still experimental but essentially how it works is you can pick the time frame for take profit and stop loss. It will look at the high and low of that time frame to determine your stop. 

Buy Example

When looking for a buy you want the high of market for take profit and low to find your stop loss. Below is an example the # is where put the time frame you want the buy and low. 

tp={highest[#]} sl={lowest[#]}

Buy AUDUSD Q=1% tp={highest[30]} sl={lowest[15]}

Example of take profit using 30 minute high of market and 15 minute low on AUDUSD BUY risking 1%

Sell Example

When looking for a sell you want the low of market for take profit and high to find your stop loss. Below is an example the # is where put the time frame you want the buy and low. 

tp={lowest[#]} sl={highest[#]}

Sell AUDUSD Q=1% tp={lowest[240]} sl={highest[60]} 

Example of take profit using 4 hour low of market and 1 hour high on AUDUSD sell risking 1%

Strategy Alert

You would have to make alert twice because buy and sell use different alert for it take profit and stop loss. 

{{strategy.order.action}} {highest[30]} sl={lowest[15]} {lowest[240]} sl={highest[60]} 

{{strategy.order.action}} 

Picking a Time Frame #

The # is replaced with the time frame and they don't have to be same time frame for stop loss and take profit

5 minute - 5

15 minute - 15

30 minute - 30 

1 hour - 60

4 hour - 240

1 day is - 1440

What is Trailing 

Trailing allows you to lock in profits prior to it hitting take profit. These are the commands below. 

Trailing Trigger (TT) – The number of points at which your trailing stop loss for open trades will trigger.

Trailing Distance (TD) - The distance at which a stop loss for open trades or entry price for pending orders should be maintained. It can be specified in points or percentages.

Trailing Step (TS) - The minimum distance required for the stop loss for open trades or entry price for pending orders for the Trailing Distance to be updated. It can be specified in points or percentages.

EXAMPLE

BUY AUDUSD Q=1% TP=500 SL=200 TT=200 TD=100 TS=10

This is example of a BUY AUDUSD risking 1%. Our take profit is 50 pips with a stop loss of 20. TT is set to lock profits in at 20 pips. TD is set to move our stop loss 10 pips above entry & TS is set to follow the trade by 1 pip as it heads towards take profit to lock in more profit. 

If the trade went 25 pips in profit and completely turned around you would of profited 15 pips because once it set locked in 10 pips at 20 pips in profit the marketed moved 5 pips so our stop moved 5 pips from the locked in 10 pips. 

Close a trade

Close command (close) and the symbol. Use this format to close a running trade in the market.

Sometime you might use your indicator to close a trade early based off alert condition or take partials. 

Example: close EURUSD at 100% based on an alert. 

Close EURUSD T=long 

Close EURUSD T=short

Example: close EURUSD partially the percent is how much want to partially close a trade. 

Close EURUSD T=long CQ=50%,

Close EURUSD T=short CQ=50%,

What is magic number?

This separate a trade alert from anther trade alert of the same pair. 

Why would I want to do that?

Maybe you want a different strategy or different time frame to trade the same MT4/MT5 without interacting with each other. 

For example I may want to have 1 buy or sell from a 15 minute time frame but also 1 buy or sell in addition on 1 hour meaning if I have a open buy on 15 minute I can also have a open buy work still on 1 hour even tho I have bot set to max 1 pair symbol. 

Same goes if you wanted multiple strategies. 

How do I add a Magic number?

Inside the EA is a default magic number so it add it to any trade you don't add a magic number. 

If you want a different magic number for any trade outside default magic number you do m=# or #s just make sure whatever numbers you pick are the same for the time frame or strategy want to interact. The # you pick don't matter but for time frame I usually just put time frame number for easy reference 

Example Below

Lets say I have all my trade set on the 1 hour but I want to add one more on the  15 minute 

Default 1 Hour

BUY AUDUSD q=1% TP=500 SL=400

Sell AUDUSD q=1% TP=500 SL=400

15 minute set up or different strategy

BUY AUDUSD q=1% TP=500 SL=400 m=15

Sell AUDUSD q=1% TP=500 SL=400 m=15

(The # doesnt matter just need be same so they work together) 

Default Param if not sent?

This is built inside the EA if you going have majority of all setting be the same you can put the alerts here instead of inside the alert on trading view. I also add alerts just in case for example lets say a high or low doesnt add properly it can do a set take profit or stop loss from overide section. Override only happens if it not alert first from trading view. 

Below is example magic number by default M=884, q=1% will do 1% by default take profit 50 pips and stop loss 40. 

Scenario 1 - You only put in trading view alert

BUY AUDUSD 1%

Sell AUDUSD 1%

It will add the 50 pip take profit and 40 pip stop loss to trade regardless. 

Scenario 2 - Something goes wrong with an alert you have a safe guard in the override. 

do one or more of the following:

1. Add an additional strategy to trade with it, even if it involves the same pair.

2. Explore different pairs outside of the recommended ones.

3. Experiment with various take profit and stop loss settings.

4. Engage in manual trading or follow other signals.

In essence, the goal is to make your trading approach diverse."

You can run up to 4 accounts, but you need to purchase a web hook for each MT4 or MT5. 

Yes you can run multiple indicators and use magic number to separate them from other indicators. 

Depends on strategy if using a stop loss I recommend q=0.10% or q=0.30%. 

Yes you can close trades. 

Yes if type in alert inside telegram directly it will take trade. I do this on demo to test for example how take profit and stop loss would look on command on certain pairs. 

Yes don't risk anything not willing to part way with, forex in general is risky.

Depends on a few factors, strategy, and alerts. You can run our recommended strategy on any size because it uses stop loss. 

When setting up your trades when it comes to take profit, stop loss and trailing we use point format. For example on regular pairs 500 points means 50 pips but Indiciess depending onm broker could be 4000 points for 40 pips. Crypto is also different sometime it could be 40,000 points for 40 pips. 

Best way to get this how you want is to type in command manually and see how it shows for those type pairs. 

Depends on your strategy but typically 1 hour and 4 hour are best.