In the modern world, we can’t imagine our lives without smartphones. Now, almost all sites and programs can run on phones. In such reality, it was hardly possible to believe that mobile Forex trading can become an exception. After some period of scrupulous work, developers renewed the mobile terminal MetaTrader 4 version to a fully operational state. Among the renovations are a possibility to perform graphical analysis, improvement of many other functions, and correction of the majority of errors.
It should be noted that the versions for iPhone and smartphones for Android are almost similar. Mobile terminals can be downloaded both from the AppStore for Ios and Google Play Market for devices running on Android.
Working With MetaTrader 4 for Smartphones
The application starts, like any other. After entering the login and password and logging into the account, the application immediately opens the menu where the quotes are displayed. In order to open a new account, you need to go to the settings. Here, you will need to select the tab “Accounts” and go to the menu where you can select or add a new account. In order to add a new account, you need to click on the plus that you can see in the upper corner of the screen on the right and choose “Open a demo account”, or connect to an existing account.
If you decide to go to an existing account, you will be asked to enter the name of the campaign in which it is opened, or choose from the list of campaigns that you entered earlier. If you decide to open a new demo account, you will need to enter your data. In this case, you can enter any data, most importantly, that they would fall under the format required by the application.
After the demo account is open, the quotes will be downloaded, and the application will be ready to start working. As it has been already mentioned, after registration you will immediately see the overview screen of the current quotes for currency pairs. Not all currency pairs are represented here. If you need any additional tools, then you need to perform a number of simple actions. If you click on the pencil in the left upper corner of the screen, you can delete or edit any currency pairs you do not need.
MetaTrader 4 is praised for:
- a large number of timeframes – time intervals of the graph (there are 21 of them in the terminal already), so you can choose any one that is the most suitable even for the experienced trader;
- ease of creating bots (robot experts) – now you do not need to have advanced programming skills;
- the possibility of trading in one click;
- an open application store in which you can buy proven trading strategies for automatic trading, or sell your developments;
- the saving capacity in the storage of quotations, for example, the minute history of a currency pair for a decade fits in 10 Mb.
Nevertheless, those traders who did not work for MetaTrader 4 obviously should start working with the fifth version, as since 2010 – after the release of MetaTrader 5 – it has already been worked through, and minor flaws were corrected.