MetaTrader 4/5 for Android. User Guide

Transcription

1 1 MetaTrader 4/5 for Android User Guide

2 2 Contents How to get the MT4/ 5 App for Android... 3 How to log into your Live Account or create a new demo account Quotes... 4 a. How to add more instruments... 4 b. How to delete unwanted Instruments... 5 c. How to open a Trade... 6 d. How to open charts Chart : How to open and customize your Charts Trade... 8 a. How to close a Trade History How to add a second account... 9

3 3 How to get the MT4/ 5 App for Android The MT4 application can only be downloaded via the Market Store on your Android SmartPhone and Tablet device. To find the application on the App store faster, click on Search and type in Meta Trader 4 or Meta Trader 5. On the MT App, there are 4 main Control Tabs that allows you to manage your trading account. Those 4 Tabs are: 1. Quotes 2. Chart 3. Trades 4. History In this manual all the Tabs and there functions will be explained in details, what they do and how to use them. How to log into your Live Account or create a new demo account After installing the App and Run it for the first time, you will receive the following window: In the first window, you have the option to either Log into your existing live or demo account, or simply create a new demo account. When logging in, make sure you select the right server. If you cannot find our server, tap on search and type in ActivTrades. (Note: when creating a new demo, please make sure to enter only numerical or alphabetical values in the Name field. Otherwise the registration won t work.)

4 4 1. Quotes Once you have successfully logged in to your account, please note that every time you open the App, the program automatically takes you to the Market Watch. On the App the market watch is referred to as Quotes. As mentioned above, Quotes is the market watch where all currency pairs and CFDs are listed. With the App you have the possibility to change the view of the instruments from Simple to Advanced The Simple view shows only the name of the instrument the Bid and Ask price respectively; the Advanced view, as seen in the diagram above, shows the time, the high & low price and of course the Bid and Ask price respectively In addition, you can remove the instruments you don t like to trade as well as add instruments you want to trade which are not listed in the Quotes a. How to add more instruments To add Instruments, first click on the menu button on your phone, then select the option Symbols

5 5 In the next window you will see the list of your current listed instruments and on the upper right corner you will have the + symbol - to add more instruments and the recycle bin to remove unwanted instruments. When clicking on the +, you will see a list of instrument groups a. Metals b. CDF Forward c. Majors d. Minors e. Exotics Tap on the relevant group to open all underling instruments of that specific group. Choose the instrument you like to trade, tap on it and the instrument will be added automatically into your Market Watch/ Quotes. b. How to delete unwanted Instruments CFDs or currency pairs you don t need, you can simple delete them from the Quotes list. For this, tap on the recycle bin, select the pair or CFD that should be deleted and confirm your action by tapping on delete. When finish, tap on back. See image for easy reference

6 6 c. How to open a Trade To open a trade, tap on relevant CFD or FX Pair, where by the action menu will pop up. Tap on New Order and you will be redirected automatically to the order mask Here you choose the volume/ lot size you want to trade, the order type and if necessary you also have the option to change the instrument. Lastly tap next, whereby you can place a SL & TP, and confirm your order by tapping on Buy or Sell. d. How to open charts In order to open a chart, follow the first part of the previous instruction and simply tap on Chart. The Application then, automatically redirects you to the Chart option.

7 7 2. Chart : How to open and customize your Charts Depending on how you hold the device (Horizontal or Vertical) the layout of the chart options will be different. As with the MT4 PC, here you have the ability to customize your chart. By clicking on the clock symbol, you will be able to change and select one of the 7 different time interval (Periodicity); M1, M5, M15, M30, H1, H4, D1. As with the MT4 PC, the longer the time interval that you have chosen, more historical data will be shown on the chart. Choosing the right Periodicity depends on the trading strategy you follow. Furthermore, in Chart you also have the possibility to change the chart type from Bar chart, to Candle and Line Chart. The other option of changing the chart type is by tapping on the menu on your device and select Setting. In the settings window, under Line type, you can select the type of chart you like to use. (See image for easy reference)

8 8 With the MT4/5 App, the Zoom in and Zoom out function is also available as well. To zoom you have to, inside the chart, slide your fingers together to zoom in or slide fingers apart to zoom out. This can be done by holding the device horizontally or vertically. Note: The MetaTrader App can only open one chart at a time. To change the chart of the CFD or currency pair, simply go back to Quote, choose the instrument you want to display, tap on it, and in the action menu tap on Chart. 3. Trade The Trade Tab can be referred to as Terminal; similar as to the MT4/5 PC. In Trade, you can see your account balance, equity, margin, free margin, margin level, PnL, as well as all open Positions and Pending orders. a. How to close a Trade To close an open position or modify/ add a stop loss or take profit, tap on the order you want to close. Below the trade, a Trade Info Box will pop open, containing all information about the individual position. Inside this box, tap and hold for a few seconds until the action menu opens. At this point you will be able to modify or close open positions

9 9 4. History In the History tab all the trades that were closed during the day are displayed, in addition to an overview of the profit/loss, withdrawals, deposits, balance and credit. Furthermore, you can see you re trade history on a weekly base, monthly base and on customized base. A new feature that is not available on the MT4/5 PC, is the possibility to filter all the trades based on their symbol. Simply type the instrument you are looking for in the search bar and the App will list all the trades under the search criteria you have entered. 5. How to add a second account To add a second Live or demo account, tap on the menu button on your smartphone and select the option Account. In the account window you will see your current account as well as the status of your connection with the server. To add a second account, click on the + symbol in the upper right corner and follow the instructions mentioned at the top; the below image shows how the end result will look like. Now you can switch between the account just like on the MT4 PC Please note: The screen shots in this document were taken, using an Android Smartphone and the Layout on an Android Tablet is different. The functionalities, however, are identical.

10 10 This manual is for information purposes only and should not be considered as investment advice or an invitation to trade. Although every effort has been made to ensure the accuracy of the information contained in this manual, the decision to act on any methods, ideas and suggestions presented is at the sole discretion of user. This manual and all its content are the intellectual property of ActivTrades PLC. All rights reserved. Without the express written permission of ActivTrades PLC this manual may not be copied, or reproduced in any way. The content contained in the manual is for personal use only and cannot under any circumstances be divulged to a third party. This manual does not take into account your investment objectives, financial situation or needs. Forex, CFDs and futures are leveraged products and carry a high degree of risk to your capital. They are not suited to all investors and you can lose substantially more than your initial investment. Please ensure that you fully understand the risks involved, and seek independent advice if necessary.