Mobile : how to install and work on mobile MetaTrader ?
In this article we will discuss the work on with the mobile terminal MetaTrader 4 и 5. For example, let's take the installation of the android app, which will be about the same as the first launch of MT4 on iOS on an iPhone or iPad. Our life is becoming more and more remote from home computers, so this tutorial will help you navigate the trading process on your mobile device.
Installing the application
To install the MT4 mobile terminal on your device, you must first go to the Play Store application and enter "MetaTrader" in the search box.
From the list of found applications choose the one signed by MetaQuotes Software Corp. (usually the first one in the list) and, after entering the specified page, click the "INSTALL" button.
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 mobile terminal, you can also download the application through your browser directly from the broker's website.
First launch and connection of mobile MetaTrader account
At first startup, for the first 10 seconds, the application will try to create a non-personalized (anonymous) demo accountAfter that you can immediately start exploring the platform.
If you already have a real or your own demo account with your broker, then the first thing to do is to select a server by the short name of your broker and enter your data into the form.
You can also register a full-fledged demo account in the mobile MT4, where you will be prompted to enter your name, phone number, email address and demo account parameters.
Contents of the menu and purpose of the toolbar buttons
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 toolbar at the top.
Also, a short tap (click) on the chart opens an auxiliary menu in the form of a ring, through which you can change the current timeframe, pull out the cross pointer, as well as add an indicator or object to the main or additional chart window.
Working with positions
In the window for opening a new position you can select the type of order (opening by market or pending), its volume, Stop Loss and Take Profit levels, and the direction of the order (buy or sell).
The open position can now be seen on the chart as well as in the trade window at the bottom of the screen.
A long press on the 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 instrument.
Closed positions are displayed in the history tab, where you can see the overall trading result, using the filter by time or by traded instrument.
Installing MetaTrader on iPhone and iPad in iOS
The iOS version of the MetaTrader 4 mobile terminal is almost identical to the functionality of the android program and differs only in the positioning of some menu items.
So, for example, on the iPad version of the program some elements of the context menu are duplicated on the left toolbar for convenience, and some functions of the settings are available from the toolbar at the top. The version for iOS tablets also supports multi-window mode, which allows you to view more than one chart with technical indicators in one window.
With this mobile app, you can work on forex, not only at home, but anywhere.
I agree, it's very convenient, but we should not forget about security. Mobile devices are very prone to loss of vigilance. Especially in cafes with the temptation to use free Internet access.
Mobile versions are convenient, I agree, because you can't sit in front of your computer 24 hours a day. This will open the way to new earnings, it is important to figure out how to set everything up.
What can not come up with to facilitate earnings in Forex eat home and the money is flowing to you cool idea.
This terminal is very convenient. If the developers had figured out how to install an Expert Advisor on a mobile device, it would not have been worth the price of such an idea.
As for the assistant, it's irrelevant. The app is very transparent and easy to use, it's priceless, it's just there, and that's great. In fact, you can't really be with your laptop 24 hours a day, but your phone is always there.
It is a very useful mobile app, you can always take it with you, for people who are constantly traveling on business trips just a godsend. I personally don't always have access to my PC, and with this app, I don't have any more problems)