Trading on the Forex market is a fascinating and profitable activity. That's why there is an MT4 trading terminal for Android and iOS. With its help, trading becomes many times more accessible, which allows you to constantly monitor the market and increase your capital. MT4 platform for smartphones, the instruction of which is available in different languages, is simple enough to install and does not differ significantly from the main version of the trading platform. The mt4 indicators for android are almost similar to the basic version of the terminal unless they are limited in functionality.
Features Of The Trading Platform For Mobile Device
A pleasant feature of such applications can be considered the fact that it completely repeats the functionality of the classical version of the terminal. MT4 in the android - version, the instruction for using which is embedded in the system itself, is qualitatively optimized for the features of smartphones and tablets, so it allows each trader to quickly get used to the new format. Among other things, you can intuitively determine the use of the proposed functions in your strategy.
The mobile terminal contains the main catalogs of financial instruments, helps to track fluctuations in quotes online, as well as to work offline with the archives of performed trades. All types of orders, grids of pending positions, types of contracts - it is possible to use it both in the Metatrader for PC and in its optimized version on the phone.
The use of this application in the trader's working days provides him with the efficiency of trades and the ability to track important changes around the clock, wherever the participant finds himself. MetaTrader for smartphones has many functions that are necessary for the effective work of any trader. By installing the mobile application on your smartphone, you will have convenient access to opening and closing a position, creating and modifying trading orders.
displays online quotations of all currency pairs
allows opening and closing positions
allows placing of all types of orders including Stop Loss and Take Profit and pending orders
allows you to trade directly on charts
has 30 technical indicators
enables you to control transactions
has three types of charts and 7 time periods, configurable
provides fresh financial news.
shows the full trading history
Download, install and log in
To install the MT4 mobile terminal on your device, first of all, you need to go to the Play Store application, where you need to enter the "MetaTrader" request in the search field.
From the list of found applications, select the one signed by MetaQuotes Software Corp. (usually, the first in the list) and then click "INSTALL" on the specified page.
After a short period of time, the application will be installed and you can find it in the general list of applications on your device or open it directly from the store page.
If your broker provides a direct link to download the MT4 application, you can also download it through browser directly from the website.
Installing MetaTrader on iPhone and iPad in iOS The iOS version of the MetaTrader 4 mobile terminal almost fully replicates the functionality of the Android program and differs only in the positioning of some menu items.
For example, on the iPad version, some context menu elements are duplicated on the left toolbar for convenience, and some settings functions are available from the toolbar above. Also, the version for tablets on iOS supports multi-window mode, which allows viewing more than one chart with technical indicators in one window.
How to login to MetaTrader 4
At the first launch within the first 10 seconds, the application will create a non-personalized (anonymous) demo account, and after that, you can immediately start exploring the platform.
If you already have a real or demo account with your Forex broker, the first thing you should do is to choose a server by the name of the broker and enter your data in the form.
You can also register a full-featured demo account with the MT4, where you will be prompted to provide your name, phone number, email address and demo account settings.
How to use MetaTrader 4 app
The main control elements that we are used to in the full version of the MetaTrader terminal are distributed between the main menu on the left and the buttons on the top toolbar.
Also, a short tap on the chart opens an auxiliary menu in the form of a ring, through which you can change the current timeframe, get a cross indicator, as well as add an indicator or object to the main or additional window of the chart.
Working with positions In the window of opening a new position you can choose the type of order (market opening or pending), its volume, stop loss and take profit levels, and the direction of the order (buy or sell).
An open position can now be viewed on the chart as well as in the trading window at the bottom of the screen.
A long click on a position opens an additional dialog window, through which you can close the current position, modify it, open a new one or open a chart for this asset.
Closed positions are displayed in the History tab, where you can view the total trading result using the time filter or by the asset.
Configuring charts In order to open a chart for any asset:
Go to Quotes.
Tap the instruments and then choose Open chart.
To change the type of chart:
Tap Menu, then tap Settings.
Tap Current chart type.
Pick a chart type. There are three types of live charts in the MT 4 terminal - Bar, Candlestick, and Line.
To change timeframe:
Tap on the chart.
Choose a timeframe. The mobile terminal for smartphones offers 9 timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN.
To add indicators:
Tap the f icon in the upper part of the screen.
Tap + next to the main window.
Choose an indicator. You have access to thirty technical indicators on the Android app.
Define settings for the chosen indicator.
As you can see, MetaTrader 4 on android instruction is very simple. Installation and configuration do not require much knowledge. The whole trading process is very similar to trading in a simple terminal. But it is definitely not possible to say exactly where it is more convenient to trade. Each trader determines for himself how and where to trade - on a simple terminal or through a mobile version.
How to use MetaTrader 4 for smartphone depends on the trader's goals. Many experienced and professional traders use a unique opportunity to continuously monitor the movement of trades, quotes, news and their market positions in the Online mode. The other part of the traders uses the mobile application exclusively for trading advisors. But there is another group of traders, who periodically correct and modify their open orders, making corrections and additions. After all, the mobile terminal allows you to do all this.