The MetaTrader 4 is a trading platform particularly designed for Forex trading for both mobile devices and computers. The interface of the PC version has a lot of similarities with the mobile version which can also support basic features of the MT4platform such as technical analysis, trading functions, and execution modes. The only difference is that the algorithmic trading functions are different from the Android OS and the PC version.
Facts AboutMetaTrader 4 for Android
The MT4 Android application works on any tablets and smartphones supporting any screen resolutions. As for the terminal interfaces, it may differ for tablets and smartphones as the application is optimized according to the working condition of the device.
- The MT4 application needs to be connected to the Internet for it to work. It can either be through mobile data or a Wi-Fi network.
- The application is connected to the trading platform and works great for both demos and live accounts.
- Just like in the PC version, traders can open a demo account on their mobile devices. Also, there is an unlimited number of accounts that the terminal manages.
- The quotes on all symbols can be received in real-time.
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The application is able to receive and display all the quotes that are available on the financial instrument.
The quotes are displayed at the Market Watch and can be shown either in a detailed or minimized way. In the Market Watch, you will see a list of symbols. All of these can be easily configured. For instance, if there are symbols that the traders don’t need, they can easily hide them at any moment.
There is support provided on all sets of trading orders. They make flexible implementations on your trading strategy plus they are fully compatible with MT4 on computers. The transactions you see on the computer can also be seen in the mobile version and you can manage your trades from there. Once you’re done with your transaction in the mobile version, you can see your work automatically on the computer. These are the orders available in the MT4 android version – take profit and stop loss; sell stop, buy stop, sell limit and buy limit pending orders; and Buy and Sell Market orders.
All the transactions you’ve done in the mobile version are identical to the ones you’ve made in the PC terminal. As for the trading parameters, they can be controlled through the use of MT4 Android.
The trading history is stored and displayed. For the trader’s convenience, history is filtered according to symbols and their individual time frames.
There are 30 technical indicators available on MetaTrader 4 Android. These indicators serve its purpose of providing a better technical analysis. The technical indicators in the trading platform are as follows:
- Awesome Oscillator
- Accelerator Oscillator
- Average True Range
- Average Directional Movement Index
- Bulls Power
- Bears Power
- Bollinger Bands
- Commodity Channel Index
- Force Index
- Gator Oscillator
- Ichimoku Kinko Hyo
- Moving Average of Oscillator
- Moving Average
- Money Flow Index
- Market Facilitation Index
- On Balance Volume
- Parabolic SAR
- Williams’ Percent Range
- Relative Strength Index
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator