Frequent questions

Smart Botty

What is Smart Botty?


These are smart settings from the Botty the Bot app.
These make trading easier, they are all listed in this section.




Unique Smart TP


When Botty receives a notification and starts a single trade, it brings the Stop Loss closer when a Take Profit is won. Example:
- Botty receives a trade in EUR-USD with 3 TP and Botty launches the TP3 only, according to your parameters.
- The TP1 is won, Botty brings the SL closer to the entry point.
- The TP2 is won, Botty brings the SL closer to TP1.
- The TP3 is won, end of the trade. Note: this parameter cannot be used at the same time as "Multiple Smart TP".




Multiple Smart TP


When Botty receives a notification and launches several trades, it brings the Stop Loss closer to each trade when a Take Profit is won. Example:
- Botty receives a trade in EUR-USD with 3 TP and Botty launches TP1, TP2 and TP3 according to your parameters.
- The TP1 is won, Botty brings the SL closer to the entry point on TP2 and TP3.
- The TP2 is won, Botty brings the SL closer to the TP1 level on the TP3.
- The TP3 is won, end of the trade. Note: this parameter cannot be used at the same time as "Unique Smart TP".




Smart Secure


Reaches Stop Loss when a trader from a Telegram channel notifies you to secure a trade. Example:
- Botty receives a trade from the channel "Alpha Trading" in EUR-USD with 3 TP and Botty launches the TP1, TP2 and TP3 according to your parameters.
- The TP1 gets 15 gain pips and you get a message from the channel "Alpha Trading", which says "TP1 +15 pips of winning, close or secure".
- Botty brings the SL closer to the entry point on TP1, TP2 and TP3.
- The TP1 is won and you receive a message from the channel "Alpha trading", which says "TP1 won, +30 pips of earnings, close or secure while waiting for TP2".
- Botty brings the SL closer to TP1 on TP2 and TP3. Note: If the "Smart Close" setting is active at the same time, and you receive "secure or close", Botty will always choose to secure rather than close.




Smart Close


Closes a trade when a trader from a Telegram channel notifies you to close it. Example:
- Botty receives a trade from the channel "Alpha Trading" for purchase on DAX30 with 1 TP and Botty launches the TP1 according to your parameters.
- The TP reaches 40 pips gain and you receive a message from the channel "Alpha Trading" which says "TP1 +15 pips of winning, close".
- Botty closes the trade. Note: If the "Smart Secure" setting is active at the same time, and you receive "secure or close", Botty will always choose to secure rather than close.




Smart Pips


Smart Pips brings the Stop Loss closer each time a trade earns X Pips, where X is the number you enter in Botty's Smart Pips settings. Example:
- You have previously activated Smart Pips with 20 pips.
- A trade is currently winning 20 pips.
- Botty brings the SL closer to the entry point of the trade.
- This same trade currently wins 40 pips.
- Botty brings the SL 20 pips closer to the entry point of the trade.




Smart Partial Closure - Smart SL


Partially closes a trade when a "Smart Botty" (exept Smart Close) setting is active, the closing will be in the % you specify. Smart TP-Secure-Pips: Example: - "Smart TP Multiple" is active. - Partial closure is activated with 25% closure. - TP1, TP2, TP3 are active. - You receive a trade with 3 TP, Botty launches 3 trades. - TP1 wins. - Botty closed TP2 and TP3 at 25%. - TP2 wins. - Botty closed the TP3 at 25%. Smart SL: First you need to enter your pips limit, and when this limit is reached Botty will create a “ghost” SL. When the “ghost” SL is hit, Botty will partially close the trade. Example: - You have set your pips limit to 15. - Botty starts a trade with 3 TP - The trade reaches 15 pips, Botty creates a “ghost” SL close to the entry point - The trade reaches 30 pips, Botty creates a “ghost” SL at 15 pips in gain. - The trade goes back and loses 15 pips, Botty will detect the “ghost” SL hit, and it will partially close the trade.




Smart Entry


Smart Entry brings the Stop Loss to the entry point when a trade earns X Pips, where X is the number you enter in Botty's Smart Entry settings. Example: - You have previously activated Smart Entry with 50 pips. - A trade is currently winning 50 pips. - Botty moves the SL to the entry point of the trade.




Smart Notification


When this setting is enabled, Botty will send you notifications when: - Smart TP moves a SL - Smart Pips moves a SL - Smart Partial closure makes a partial closure - Smart SL creates a "ghost" SL - Smart SL, the "ghost" SL is hit and Botty makes a partial closure





VPS

What is a VPS?


A VPS is a Windows Server virtual machine that is on a remote computer and never shuts down.




Can I connect to my VPS with my Mac or phone?


Yes, the VPS is accessible from any platform. Just install the "Microsoft Remote Desktop" application or for the experts "Remote Desktop Manager".




How to install it?


A tutorial in PDF format is provided with the Botty the Bot pack.




How to install Google Chrome on the VPS?


It is indeed difficult to install Google Chrome on a VPS, here is the simplest method:
1. On the VPS, launch Powershell.
2. Copy and paste this command:
$Path = $env:TEMP; $Installer = "chrome_installer.exe"; Invoke-WebRequest "http://dl.google.com/chrome/install/375.126/chrome_installer.exe" -OutFile $Path\$Installer; Start-Process -FilePath $Path\$Installer -Args "/silent /install" -Verb RunAs -Wait; Remove-Item $Path\$Installer




Is it necessary to have a VPS?


No, however it is strongly advised because Botty and Metatrader must work on a computer that stays on.




Do you offer inexpensive VPS?


We were able to test this VPS and it works great with Botty with the VPS at 6.99 USD per month. https://portal.pivps.com/aff.php?aff=1995&key=order_page The tutorial: 6.99$ VPS Tutorial





Forex Settings

What is the account currency on Botty?


The account currency is the currency of your account with your broker.
Botty is currently compatible with USD, EUR and CAD.
This setting is taken into account by Botty to perform a correct calculation for the lots.
Example:
I have an account with the broker "Forex Pro Broker". I have a demo account of 5000 euros so I put the currency of the account on EUR.




What is "Override Balance"?


Override balance is an useful option when you use a demo account with your broker. Some brokers only gives demo account with big amount like 10 000 USD, and if you want to persuade the bot that you have less money you can enable this setting and enter your balance manually. Example: I have a demo account of 10 000 USD, but shortly I want to open a real account with a deposit of 500 USD. I can activate the Override Balance option and enter manually 500, then Botty will trade and make its money management only with these 500$.




What is "Risk on each channel"?


This setting enable the risk for each channel that you select with Botty. Exemple: I have activated 2 channels with Botty, I can set 3% of risk per trade with the first and set a fixed lot of 0.01 for the second channel.




What is "Risk per trade in %"?


The risk per trade in % is the risk that Botty will use to do your money management, it will never exceed this % of your capital for each trade. Example: The risk is 2%, with an account of 500 USD, Botty will never give you a lot size wich exceeds 10 USD per trade if the Stop Loss is touched. Note: The lot size can change for each trade, this depends on the size of the SL. The more it will have pips, the smaller the lot will be.




What is "Risk per trade in lots"?


The risk per trade in lot is the risk that you set for each trade in lot size. Example: You enabled the option Risk per trade in lot and you set the lot size to 0.01. The next trade that you will receive will be started with a lot of 0.01.




What is "Auto submit trade"?


With this setting enabled, when Botty receives a trade, it sends it at the same time to MetaTrader 4. If the settings is disabled, the trade will be pending for MetaTrader 4, and Botty will send you a message to send the trade to MetaTrader 4. Example: Auto submit trade: Enabled Botty received a trade, the trade is parsed, the money management is calculated and the trade is sent to MetaTrader 4. Auto submit trade: Disabled Botty received a trade, the trade is parsed, the money management is calculated and send you a message to send the trade manually: "Auto submit disabled, send trade manually by clicking on \confirm-xxx-xxx-xxx." If you click on the confirming link, the trade will be send.




What are the options "TP1", "TP2" and "TP3"?


The options who are enabled will be sent to Metatrader 4. Example: TP1, TP2 and TP3 Enabled: - Botty receives a trade with 3 TP, three trades with the three TP (one trade per TP) are send to Metatrader 4. - Botty receives a trade with 1 TP, one trade with one TP is send to Metatrader 4. TP1 Enabled: - Botty receives a trade with 3 TP, one trade with one TP is send to Metatrader 4. - Botty receives a trade with 1 TP, one trade with one TP is send to Metatrader 4.




What is "Maximum trade amount"?


The maximum trade amount is a number that you set optionnally to set a maximum trade amount. Example: Maximum trade amount is enabled with 10 trades: If you have 10 started trades - You receive a trade. - The trade is refused because of the max amount. If you have 9 started trades - You receive a notification with 2 trades - Only the first trade is taken, the second is refused.




What is the option "Always take last TP"?


With this option enabled, Botty will always take the last TP in your Telegram notifications, Example:
- Botty receives a notification with 3 TP, botty launches the last TP, the 3.
- Botty receives a notification with 1 TP, botty launches the last TP, the 1.




What is "Risk for each TP"?


This setting enables the risk for each tp, that you set in percentage or in lot Example: - You set the risk on each TP - Click on the dialog box button, then you set choose the risk in percentage or in lot - Then you input the percentage or the lot.




Enabled open TP


When this setting is enabled, Botty will allow the trade with the message TP:Open. Botty will set a TP with 100 Pips.





Licence

Can one license be used for multiple Botty?


No, you can use only one Botty license at a time.
If you want to install Botty on another computer, or for any other reason, you must unregister the Botty's license on which it is currently registered so that you can use it on the new computer. If for a particular reason (VPS more accessible, computer down, etc.), it is no longer possible to unsubscribe the license, please contact support at info@bottythebot.com by entering your license number by email . It will be unregistered and reusable within 24 hours.




My license is registered on a computer to which I no longer have access, what can I do?


Follow this short video to unregister your license in less than 1 minute:
https://youtu.be/lIXpsclXu0k




How do I cancel my Botty the bot subscription?


Send an email to support@bottythebot.com and we will send you an answer within 48 hours.





MT4 Settings

What is the MT4 Port?


The MT4 port is the port number to connect the Metatrader 4 expert to Botty.
This value should not change, the default value is 8222.




What is "Pair settings"?


Pair settings offer you the possibility to disable all the symbols that you don't want to trade. Example: If I disable Gold, Botty will refuse every gold trade.




What is "Broker's pair alias"?


Broker's pair alias is simply an alias for a pair. This section is specifically for the indices. Example: I received a trade with DJ30. Botty always sends DJ30 to MT4 but the broker "Broker Forex Alliance", for example, named the DJ30, US30. It's the same indice at the end but Botty needs to know what to send to MetaTrader4. To do so, you set the Alias of the DJ30 to US30 and Botty will send US30 to Metatrader 4 and the trade will be recognised.




I'm not able to find MTApi in the expert files on MetaTrader4


Installer of MtApi tries to automatically copy file MtApi.ex4(the expert) to Data User Folder of MetaTrader 4. If you do not find the expert MetaTrader, you can copy it manually from “[MtApi installed folder]\experts\” ( by default “C:\Program Files (x86)\MtApi\experts\” ) to experts folder of MetaTrader 4 (open this folder from menu of MetaTrader4 File–>Open Data Folder).




How to connect multiple trading accounts with Botty?


Since Botty 1.3.0 it is now possible to install several Botty on the same workstation and link each Botty to its Metatrader account. However note that you need one license per Botty. A tutorial is available in Botty's package in the documentation: https://www.dropbox.com/s/jxgwz2bmmw5izl3/How%20to%20Setup%20Multiple%20Broker%20Account%20-%20English.pdf?dl=0





Telegram Settings

How to connect my Telegram account to Botty?


To connect a Telegram account to botty:

  1. On Botty, go to Settings and click on Telegram login.
  2. Set your country and your phone number, then click on Next.
  3. You will receive a code, enter this code then click on Send.
  4. (Facultative) If you have a Telegram Password, enter your password and click on Send.
Wait while loading the Telegram database and you are now logged in.




How to connect "Bot Telegram"


A new way to connect the bot telegram in the 1.2.0 of Botty, you have just to start Botty, go on settings and click on "Generate Bot", after some seconds the bot is created, connected, and a conversation telegram with him is created. The old way for the version under 1.2.0: 1. On your smartphone, launch Telegram application, and talk to “botFather” or click on this link https://telegram.me/BotFather, Use the /newbot command to create a new bot. The BotFather will ask you for a name and username, then generate an authorization token for your new bot. 2. Copy this token go on Botty application and paste into Telegram Bot Token, click on “Connect Telegram Bot”, then save. (The connection status should be connected). 3. On your smartphone, launch Telegram application, create a New Group “Botty Conversation”, and add your bot previously created to the conversation (don’t touch the right of the group). 4. Now on Botty application you can click on “Forward Chats” 5. On the left side, select chats to be forwarded and on the right side, the chat group who will receive the messages. You must select the chat “Botty Conversation”. Then save.




How to forward Chat Telegram to Botty ?


On Botty, go to settings and click on "Forward Chats". A dialog will appear, you only have to enabled the channel that you want with Botty.





General Settings

What languages are available with Botty the Bot?


Here is the list of current languages with Botty:
- French
- English




How to export settings?


In the settings, you can click on the button Export settings and choose the destination and the name of the Botty settings backup.




How to import settings?


In the settings, you can click the Import settings button and choose the source file that contains a backup of the Botty settings.





Recurrent Problems

The generation of the bot not work


Please follow this tutorial: https://youtu.be/AqUUCJF19_0 If the problem persist, contact us at support@bottythebot.com




Botty don't receive any trade or any messages in the conversation


Please follow this tutorial: https://youtu.be/AqUUCJF19_0 If the problem persist, contact us at support@bottythebot.com




I can't unregister my license.


Please follow this tutorial: https://youtu.be/lIXpsclXu0k If the problem persist, contact us at support@bottythebot.com




I have the error message "Unable to find the value of the symbol"


Please follow this tutorial: https://youtu.be/sButrodsF4c If the problem persist, contact us at support@bottythebot.com




The trades of my channels are not working


Please send us an email to support@bottythebot.com, with a screenshot of the trade, and the response of Botty. We will help you to make it work. Or we will fix it for the next opening of the financial markets.