TebotechSignals MT4/MT5 Auto-Execution EA: Complete Setup Guide

TL;DR:

• The TebotechSignals EA automatically executes our SMC signals on your MT4/MT5 account
• No more manual entry — the EA reads signals, calculates position size, places trades, and manages TP/SL
• Includes built-in risk management (1-2% per trade), session filters, and spread protection
• Available for Pro ($5/mo) and VIP ($10/mo) subscribers
• This is the same auto-execution capability Learn2Trade charges $35/mo for — we include it at $5/mo

Why We Built This

Most forex signal providers send a Telegram message and leave you to manually enter trades. By the time you open your platform, calculate lot size, and place the order, price has often moved 10-20 pips.

Learn2Trade solved this with their L2T Indicator — they charge $35/month for auto-execution.

We're including the same capability in our Pro plan at $5/month — 7x cheaper.

Key Takeaways

• The EA polls the TebotechSignals API every 10 seconds for new signals
• It calculates lot size based on your account balance and risk percentage (1-2%)
• It places market orders with SL and TP automatically
• It includes session filters (London/NY), spread protection, and max position limits
• When TP1 is hit, it moves SL to breakeven and optionally closes 50% of the position
• VIP subscribers get the full MQL5 source code; Pro subscribers get the compiled .ex5 file

How the EA Works

Architecture

[TebotechSignals Platform] → [JSON API] → [EA on your MT4/MT5]
    Signal created          EA fetches       EA executes:
    (pair, direction,       every 10s        - Lot size calculation
     entry, SL, TP1-3,                        - Market order placement
     risk %, confluence)                      - SL + TP auto-set
                                              - Position monitoring
                                              - TP1 → breakeven + partial close

Pre-Trade Safety Filters

Before executing any signal, the EA checks:

1. Spread filter — Rejects trades when spread exceeds your configured maximum (default: 30 points)
2. Session filter — Only trades during London/NY kill zones (configurable per session)
3. Max positions — Limits concurrent open trades (default: 5)
4. Entry reachability — Checks if current price is still near the signal's entry level
5. Duplicate check — Ensures no duplicate trades on the same pair

Position Management

After a trade is placed, the EA manages it automatically:

1. TP1 hit → Moves SL to breakeven (entry price) and optionally closes 50% of position
2. TP2 monitoring → Continues trailing the stop toward TP2
3. TP3 monitoring → Final target — closes remaining position
4. SL hit → Position closes at the broker's server level (works even if EA is offline)

Risk Management Features

| Feature | Default | Configurable | Description | |---------|---------|-------------|-------------| | Risk per trade | 1.0% | ✅ Yes | Never risks more than this % of account | | Max positions | 5 | ✅ Yes | Limits concurrent open trades | | Max spread | 30 points | ✅ Yes | Rejects trades with excessive spread | | Session filter | London + NY | ✅ Yes | Only trades during kill zones | | Breakeven at TP1 | Enabled | ✅ Yes | Moves SL to entry when TP1 hits | | Partial close at TP1 | 50% | ✅ Yes | Locks in profit, lets rest run | | Magic number | 770077 | ✅ Yes | Identifies EA-managed trades |

Installation Guide

Step 1: Download the EA

1. Log in to your TebotechSignals account at tebotechsignals.com
2. Navigate to Dashboard → Tools → Auto-Execution EA
3. Download TebotechSignals_EA.ex5 (Pro) or TebotechSignals_EA_Source.mq5 (VIP)

Step 2: Install in MetaTrader 5

1. Open MetaTrader 5
2. Go to File → Open Data Folder
3. Navigate to MQL5/Experts/
4. Copy the downloaded file into this folder
5. Restart MT5 or refresh the Navigator panel (F5)

Step 3: Enable WebRequest

1. Go to Tools → Options → Expert Advisors
2. Check "Allow WebRequest for listed URL"
3. Add: https://tebotechsignals.com
4. Click OK

Step 4: Configure and Launch

1. Drag TebotechSignals_EA from the Navigator onto any chart
2. Configure input parameters:
   • ApiKey: Your TebotechSignals API key (Dashboard → Settings)
   • RiskPercent: 1.0 (recommended — 1% per trade)
   • MaxPositions: 5 (max concurrent trades)
   • TradeLondon: true
   • TradeNewYork: true
3. Click OK — the EA starts working immediately

Step 5: Verify

Check the Experts tab in MT5 terminal. You should see:

TebotechSignals EA v1.00 initialized
Account Balance: $5,000.00
Risk per trade: 1.0%
Max positions: 5
Poll interval: 10 seconds

Comparison: TebotechSignals EA vs Learn2Trade L2T

| Feature | TebotechSignals EA | Learn2Trade L2T | |---------|-------------------|-----------------| | Price | $5/mo (Pro) | $35/mo | | Auto-execution | ✅ Full | ✅ Full | | Risk management | ✅ 1-2% per trade | ❌ Not specified | | Session filter | ✅ London/NY/Asian | ❌ No | | Spread protection | ✅ Configurable | ❌ No | | SMC methodology | ✅ ICT/Smart Money | ❌ Generic TA | | Fakeout risk scoring | ✅ Integrated | ❌ No | | Partial close | ✅ 50% at TP1 | ❌ Not specified | | Source code | ✅ VIP plan | ❌ No | | Free trial | ✅ 7 days | ❌ No |

FAQ

Is the EA safe to use? Yes. The EA only executes trades from verified TebotechSignals SMC signals. It includes multiple safety filters and strict risk management. Always test on a demo account first.

Does the EA work on MT4? The EA is written in MQL5 for MT5. An MT4 version (.ex4) is in development for VIP subscribers.

Can I use the EA on a prop firm account? Yes — works on any MT5 broker including FTMO, FundedNext, The 5%ers, and FXIFY.

What happens if my internet disconnects? Open trades remain active with SL and TP set on the broker's server. They will close at TP or SL even without the EA running.

How fast does the EA execute? Typical execution: 10-15 seconds from signal publication to order placement. Manual execution typically takes 30-60 seconds.

Risk Disclaimer

⚠️ Trading forex involves significant risk of loss. The EA automates execution — it does not guarantee profits. Always test on demo first. Never risk more than 1-2% per trade.

Get the EA

• Pro ($5/mo): EA .ex5 file + unlimited signals + Telegram alerts → Upgrade →
• VIP ($10/mo): EA source code + VIP signals + scalping signals → Upgrade →
• Free: 10 signals/month, no EA → Get free signals →

Related: MyFXBook Verification Guide | SMC Trading Guide | Best Forex Signal Providers 2026