Telegram signals on a prop firm challenge

On your own account, a bad day is a bad day. In a prop firm challenge it is the end: they do not fail you for losing money, they fail you for crossing a number. You do not set that number — the firm does, it is in the rulebook, and there is no second chance.

This article does not promise you will pass. Nobody can promise that. What it does is tell you exactly which rules exist, which ones an automation can watch, which ones it cannot, and what you must change before you connect anything to an evaluation account.

The rules that fail accounts

Almost every firm combines these, under different names:

1. Maximum daily loss. A percentage of the starting balance (typically 4-5%). It is almost always measured on equity, which means what you are currently down on open positions already counts. This is the rule that kills most accounts.
2. Maximum overall drawdown. A percentage from the starting balance (static) or from the highest point your account has ever reached (trailing). The trailing version is the harsh one: the more you make, the higher the floor rises.
3. No trading around news. Windows of ±N minutes around high-impact releases.
4. Weekend positions. Many firms forbid holding trades from Friday into Monday.
5. Minimum trading days and consistency rules (no single day may carry too much of the profit).
6. Hedging restrictions, and lot or exposure caps.
7. Third-party signals and copy trading. Many firms forbid trading from signal groups or mirroring trades between accounts; others allow any automation inside your own terminal. It is not a number, but it decides whether you can copy a channel at all.

Read your rulebook and write those six numbers down, and the answer to rule 7, before going further. Without them, any configuration is guesswork.

Why an ordinary copier does not work here

An ordinary copier has one job: take the signal and send the order. On your own account that is enough. In a challenge it is not: the copier has to be able to stop itself, using the same units and triggers your firm uses. If all it knows is how to execute, you are policing the rulebook by hand — which means you automated the half that was never the dangerous one.

What KoreSignal covers, precisely

This is how the KoreSignal Telegram signal copier maps to each firm rule:

Three things that matter more than they look:

• You choose what happens when a limit is hit: alert only, pause the bot but keep positions open, or close everything and pause. With a warning at 80% of the cap.
• Automatic closing only touches the bot's own positions. Anything you opened by hand is never closed — but the firm does measure it (see below).
• If the terminal stops reporting, the system does not assume everything is fine: it holds new entries rather than treating floating loss as zero.

What KoreSignal does NOT do (read this before connecting a challenge)

This is the part nobody else will tell you, and it is what decides whether the tool is right for you:

• There is no overall drawdown and no trailing drawdown from an all-time peak. The max drawdown is intraday: its peak resets at every trading-day roll. If your firm measures total or trailing drawdown from the account's historical high, that rule is not covered and you have to watch it yourself.
• The daily cap does not include floating loss. They are two separate caps. Your firm usually measures equity — closed plus open — as one number; here you configure both, and they are evaluated separately.
• News: covered, with limits. Each channel can pause new entries a few minutes before and after the scheduled releases of official statistics offices and central banks (USD, EUR, GBP, JPY, CAD, AUD, NZD, CHF), and close and cancel on the affected pairs one minute before the pause. It does not cover speeches, unscheduled announcements or private surveys such as PMIs, and if MetaTrader is not connected at that moment nothing is closed (you are told). You also get the full economic calendar under Settings → Economic calendar: up to 14 days of releases by currency and impact, in your time zone, marking how many of your paused channels stop opening trades around each release, plus an optional notice about 30 minutes before the releases you choose. Your firm's own calendar decides.
• There is no weekday restriction and no close-before-the-weekend.
• There are no minimum trading days and no consistency rules.
• The cooldown after a trade does not distinguish a winner from a loser: it fires on any close.

Saying it does not fix it — but knowing before you pay for a challenge does change your decision, and that is the point.

The defaults you must change before a challenge

1. Parking for a closed market is ON. If a signal arrives while the market is closed, it is stored and fires at the open. On an evaluation account that means entering into the Sunday/Monday gap. Turn it off per channel.
2. Scale-in ladders follow the signal, up to 5 legs. If your channel splits entries, you multiply exposure. Cap it, and set the max concurrent trades per channel.
3. "Alert only" mode genuinely stops nothing. It is the right mode to observe; it is the wrong mode for a challenge. Use pause or close everything and pause.
4. If your firm forbids hedging, check the opposing-signal policy: there is a mode that keeps the position and opens the opposite one.
5. Your manual trades sit outside every protection — automatic closing filters for the bot's own orders. The firm, meanwhile, measures the whole account. If you trade by hand during a challenge, the bot's caps stop representing your real risk.

What cap to set (and why lower than the firm's)

If your firm allows 5% a day, your cap is not 5%. Between a price gapping, a stop filling with slippage and a signal arriving while the market moves, the margin evaporates. A sensible rule is half to two thirds of the firm's limit, and the open-loss cap lower still. You would rather be stopped by your own configuration than by the rulebook: the first resumes tomorrow, the second never resumes.

To set the number with some reasoning behind it, the daily loss limit goes into detail.

Test the channel before spending the challenge

A challenge costs money. So does an untested channel — you just find out later.

Simulation mode is per channel, on real market prices, and with its own independent set of limits. That allows the only sensible thing: measure the channel for weeks with practice money, using exactly the configuration you would run in the challenge, and move to the evaluation account when you have numbers instead of faith. The full method is in how to test a signal channel before paying.

And before even that: check whether the channel deletes or edits its losing signals. A made-up track record is the most expensive way to choose who you spend a challenge on.

Lot size, where challenges are lost without noticing

The channel posts its lot thinking about its account. Copy it as-is onto an evaluation account of a different size and the risk bears no relation to what you thought you were taking. That is why the lot has to be recomputed from a risk percentage of your balance, not copied. More in risk per trade vs fixed lot.

Before you connect anything

• Confirm the firm allows trading from external signals. If the rulebook is vague, ask support and keep the answer in writing.
• Write down the six numbers from your rulebook.
• Check which of them the tool can watch and which stay with you.
• Set your caps below the firm's.
• Change the five defaults listed above.
• Run the channel in simulation with that same configuration before touching the evaluation account.

FAQ