META QUOTES ANDROID USER GUIDE - TABLET

Transcription

1 META QUOTES ANDROID USER GUIDE - TABLET Client Services DMM FX AUSTRALIA Version 1.0

2 Contents Introduction... 1 Downloading MetaTrader 4 Application... 2 Opening the Application and Logging in to the DMM FX Server... 2 Viewing MT4 interface for the Tablet... 3 A. Displaying of Quotes... 3 B. Charts... 4 C. Trade... 5 D. History... 5 Indicators... 5 Placing a Trade... 7 Modifying an Order... 8 Closing an Order P a g e

3 Introduction In order to offer the complete trading experience to all clients, DMM FX Australia allows you to access MetaTrader 4 from your Android tablet, removing all barriers when it comes to trading CFDs. Meta Quotes for DMM FX is an externally developed platform that serves as an alternative to MetaTrader 4, provides you with unparalleled access to your CFD account whilst on the go. Downloading MetaTrader 4 Application In order to trade through an Android tablet, clients will need to have completed the following: Created an account with DMM FX. Both Demo and Live accounts are currently offered through the ipad platform. If clients have not yet created an account, they will need to visit DMM FX s registration page - Download the Application from the Google Play store. Opening the Application and Logging in to the DMM FX Server Upon opening the application, clients will be directed to the main login screen whereby they are asked to select from two of the following options as can be seen to the right. It is important to note that this application runs only in horizontal display Figure 1 Meta Trader Platform in Google Play Store In order to access DMM FX through the tablet, you must login with an existing account, from where you will be invited to search for the company name. At this point, simply search for DMM and access to both the Demo and live accounts will be provided. Figure 2 Android application main login screen Upon selecting on your required server, you will be required to submit your login details through the mobile platform. DMM FX does not recommend saving your password for security reasons. The details you are required to submit are those that you would have received in your registration with DMM FX. If you have entered incorrectly entered your details, a pop up will advising you of an invalid account. Conversely, successful login will provide account recognition by selecting settings. Figure 4 Searching for the DMM Server Figure 3 Login Page 2 P a g e

4 Viewing MT4 interface for the Tablet Upon successful login, you will be directed to the home interface, from where the quotes window and chart table is displayed. The home screen interface can be seen on the right, providing access to the following shortcuts: Quotes Chart Trade History Figure 5 Tablet Home Interface A. Displaying of Quotes Upon successful login, you will be redirected to the main page of the application, consisting of both the quote and chart window. The quotes window, displayed on the left hand side of the interface is essentially the market watch window for mobile however under the default settings, only a select number of currency pairs are displayed. The currency pairings are all coloured black, however the bid (left) and ask (right) values are coloured depending on their most recent price fluctuation (blue signifies an increase and vice versa). Whilst only providing a general overview under default settings, greater insight of the pairings in the quotes window can be provided by tapping on the screen and selecting Advanced View Mode. Once you have finished your quote window customisation, simply tap the return button and you will return to the quotes window again. Figure 6 The Quotes Window 3 P a g e

5 B. Charts Chart display is a permanent fixture on the right side of the tablet interface and is responsible for displaying all trades to clients to maximise opportunity for market analysis. The financial pairing displayed in the chart window can be changed by tapping on a selected instrument within the quotes window. An example of the DMM FX mobile application chart window can be seen on the right. The chart itself incorporates simplicity, whilst allowing for comprehensive analysis to assist the trader. The components of the chart window are: a) New Order Traders can enter into a new position by tapping this button. b) Symbols Access to quote window customisation, allowing traders to select the pairings they wish to be displayed. In essence, pairings can be added by clicking the + symbol and removed by tapping on the trash can symbol. c) Crosshair - Used to assist with coordinate identification within the chart to know the number of pips between two points. d) Periodicity The periodicity button will modify the time period displayed on the chart. Each bar and candlestick represents the periodicity selected. e) Indicators Allows traders to add indicators to their chart window to develop an understanding relative to the selected financial instrument. f) Messages Provides access to any messages received from the meta quotes community and insight into Expert Advisor justification g) Chart Window Graphical representation of price fluctuations for chart. If chart window is tapped, trader can not only enter into positions, however can also analyse data further by implementing indicator. Figure 7 - The Chart Window 4 P a g e

6 C. Trade In essence, the trading window itself is the tablet version of the Trade Terminal available on DMM FX s Meta Trader platform for computer. The window provides insight into any positions a trader has taken, regardless of their execution type. In addition to assisting with analysis, the following actions can be performed through MetaTrader: Trade Execution Closing Trades, both partially and completely Trade modification Insight into a client s account position, identifying unrealised profit, account balance, the margin level for the account, etc. Figure 8 - The Trade Window D. History Resembling the Account History terminal in DMM FX s computer platform, the window provides insight into all executed trades. The terminal itself identifies the following: Profit realised on closed trades Itemised trading history, allowing for insight into individual profit and trade time. Any deposits or withdrawals made. Credited total with reference to account. Whilst having access to account history relative to three different time intervals (day, week, month), clients can also establish a custom period and also have access to search for specific financial pairings. Additionally, clients can filter their trade history by financial pairing. Figure 9 - Account History Window Indicators Prior to placing a trade, indicators can be utilised to determine the future price direction through the analysis of past patterns. Similarly to MetaTrader 4, the mobile application includes a vast number of indicators to assist clients, whilst also allowing for custom indicators to be created and imported. 5 P a g e

7 By Tapping on the chart itself, you will see a pop up box from where clients can choose to manage their indicators. Alternatively, the indicator window is also generated by selecting the f at the bottom of the chart window In both cases you will be directed to the Indicator window below. In the Indictor window, tap on the + and the list of preinstalled Indicators will open. Again, tap on the indicator you like to use, set the parameters and confirm with Done in the upper right corner. This is where you can place or remove indicators from the chart itself. The Main Window area of the page relates to the actual price movement section of the chart. Indicator Window 1 and 2 are simply indicator areas where you can place indicators that do not depend on price values for their data. For instance, Bollinger Bands would show in the main window, while a relative strength indicator would show in one of the supplemental windows. Add an indicator to any of these areas by tapping the blue + to the left of the area s description. Figure 10 - Adding Indicators To delete an Indicator from the Chart, open the Indicator window, slide from left to right on the indicator, where by the delete option will become visible, and confirm your action by taping on delete. Access to all indicators is provided within the MetaTrader Navigator. A drop down menu provides access to common indicators such as averages, relative strength index, MACD, etc. In order to select an indicator to implement on your chart window, select indicators in the navigator and scroll down to select the indicator you would like to use. As is visible on the right, you will be requested to provide parameters and will also have access to personalisation. Once selected, the indicator will be visible on the chart window, alongside current market movements. An example of the Simple Figure 11 Indicator Parameters Moving Average Indicator is depicted below 6 P a g e

8 Upon completion of technical analysis relating to a specific pairing, indicators can be removed by clicking the chart window and proceeding to indicators list, at which point the indicator can be selected (hold down), then deleted. Once deleted, the indicator will be removed and cannot be recovered unless parameters are replicated. Note, there is no limit on the number of indicators that can be implemented on a given chart window. Placing a Trade Upon the completion of adequate analysis, clients can now place trades through the DMM FX mobile application. Trades can be placed in the following ways (all options will proceed to the same screen shown right): Figure 12 - Indicator window displaying the Simple Moving Average (SMA) Indicator Quotes Window Simply tap any of the financial pairings that you wish to trade and select trade. Chart Window Tap the chart window and again select to trade Trade Window Expand one of the existing orders currently open, press the expanded trade information and proceed to trade. o Alternatively, if no orders are open, an option to open a position will be available within the trade window terminal. Figure 13 Establishing Parameters of position The screen above resembles a simplified version of the market watch window found on the computer platform. Prior to placing a trade, you must define the following aspects of your trade: Figure 14 - Digital Receipt 7 P a g e

9 v Position Select the position you wish to take regarding the CFD (Buy or Sell). Symbol Select the financial pairing you wish to trade. Size - The quantity that is to be traded. Please note that the derived quantity is in units, of which a standard unit is equal to $100,000 currency units (and 0.1 equals 10,000 units). In the above example, the AUDUSD pairing will be traded at 20lots in a market execution. Once you are satisfied with the basic details of the trade, please select next in the top right corner to proceed. Upon procession, clients are encouraged to establish limits on their orders in the form of a take profit and stop loss. Please note that as DMM FX Australia uses market based execution, order limits can only be set once a position has been entered into Finally, clients will be required to decide on the necessary position to take relating to the currency pair. The client can decide to Buy (Call) or Sell (Put) the financial instrument selected initially. Upon entering into the position, traders will receive a confirmation window Once clients press done, they will be redirected to the trade window to receive real-time updates on their current positions, with unrealised profit updated instantly. The image on the right demonstrates the current market position. Note that the two numerical figures under the financial instrument are the price the position was entered into and the current market price respectively. Modifying an Order To modify a particular order, traders are required to open the trade window and hold down the order you to modify. Doing so will open a screen from which clients can proceed to modify the order. As can be seen on the right, orders can only be modified to incorporate a stop loss and take profit, however closing orders partially can only be performed from the initial trade window. Figure 15 - Order Modification Window A modification can be confirmed by tapping the order, whereby details of new limits will be in place for customer to assess and potentially modify again. Closing an Order When closing an order, clients will again need to proceed to the trade window and identify which method of closing they would like to instil. Clients will again need to proceed to hold down the order they wish to close until they receive the menu to close the order as can be seen on the right. Evidently, there are two options available to the trader: Figure 16 - Closing Order Window 8 P a g e

10 Partially closing an order - Clients can partially close an order by holding down the specific order and proceeding to input the volume Figure 17 - Closing Order Window they wish to close. By closing an aspect of the order, the profit or loss for that amount is realised and the remaining part of the order will stay open. Closing an Entire order - Clients will need to proceed to close the entire order to exit a position. The order can be closed by proceeding to the trade summary and pressing close at the bottom of the screen as can be shown on the right. In both instances, closing the order will ultimately provide a confirmation window, whereby proceeding will return traders back to the initial trade window to open any further positions if required. Figure 18 Digital Receipt 9 P a g e