Frequently Asked Questions (FAQ)

MerlynPips
Signals
License
Support
What is the EA ?

An Expert Advisor (EA) is automated trading software that uses a predefined trading strategy to analyze the market and execute trades automatically . It can open , manage , and close trades according to its programmed rules , allowing the EA to carry out its strategy without requiring constant manual intervention .

How do I install it ?

After completing your payment , you will receive an email containing MerlynPips file and your license with activation information .

Which platform does it work with ?

MetaTrader 5

Does MerlynPips work on all pairs ?

MerlynPips is programmed for Gold markets only .

Do I need  spececific settings ?

Just set the Asia and New York sessions times by your local time zone .

What do I receive with the signal subscription ?

After completing your payment , you will receive an invite to the relevant signals channel associated with the subscription you purchased . Once you join the channel , you’ll have access to the signals included in your subscription .

Which platform are the trading signals delivered on ?

Our trading signals are delivered through Telegram . After completing your subscription , you’ll receive an invite to the relevant Telegram channel associated with the signals package you purchased .

How are signals delivered ?

Our signals are generated automatically by a trading bot running on MetaTrader and delivered directly to our Telegram channels through the Telegram API . This allows signals to be sent automatically as soon as the predefined conditions of the strategy are met .

How do I receive my MerlynPips license ?

After completing your purchase , you will first receive a setup file by email . This file collects basic information required to generate your license , such as your computer name , available storage , and the MetaTrader account ID where you want to use MerlynPips .

The collected data is processed and protected using a high level of encryption . The information is dynamically processed in a randomized order by our algorithm , making the resulting data unique for each system . We only receive the resulting encrypted data , which is used to verify your setup and generate your license .

Simply run the setup file as instructed and send the generated result back to us . After we receive and review the information , we will prepare your license .

You will then receive your license file and the MerlynPips file together by email , ready for installation and activation .

Can I use my license on multiple accounts ?

No . Each MerlynPips license is valid for one MetaTrader trading account only . For more information , please refer to our Terms & Conditions .

Can I share my license with someone else ?

No . Each license is linked to one MetaTrader account and one computer . Because the license is uniquely generated for the authorized account and system , it will not work on another person’s account or computer .

Do I need a new license if I reinstall MetaTrader ?

Not necessarily . If you reinstall MetaTrader on the same authorized system and use the same account , your existing license may remain valid .

If you experience any of the following issues , please contact the relevant department .

General

General questions , product information , or pre-purchase inquiries .

contact our team through info@merlynpips.com

MerlynPips / Technical

MerlynPips not working , installation errors , MetaTrader errors , or unexpected behavior .

contact our team through support@merlynpips.com

License

License activation issues , invalid license , incorrect account ID , or changing your computer/account .

contact our team through licenses@merlynpips.com

Signals

Missing Telegram invite , unable to access the signals channel . contact our team through signals@merlynpips.com

Please include your order details and a brief description of the issue so we can assist you .