META QUOTES IPAD USER GUIDE Client Services DMM FX AUSTRALIA Version 1.0
Contents Downloading Meta Trader 4 Application... 2 Opening the Application and Logging in to the DMM FX Server... 2 Viewing MT4 interface for ipad... 3 Menu Bar... 4 A. Accounts Window... 4 B. Quotes Window... 5 C. Chat Window... 5 D. New Order Window... 5 Indicators... 6 Trade Terminal... 6 Placing a Trade... 6 Instant Orders... 7 Pending Orders... 7 Modifying Orders... 7 Closing an Order... 8 1 P a g e
Downloading Meta Trader 4 Application In order to offer the complete trading experience to all clients, DMM FX Australia allows you to access MetaTrader 4 from your ipad, removing all barriers when it comes to trading CFDs. In order to trade with DMM FX s ipad application, you 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 - www.dmmfx.com.au/register Download the Application from the App Store. o The application can be found by searching for MetaTrader from where clients will attain free access to trading on their ipad. Figure 1 Meta Trader Platform in the App 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. In order to access DMM FX through the ipad, 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. Upon selecting on your required server, you will be required to submit your login details through the tablet 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 Figure 2 - Searching for the DMM Server received in your registration email 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. 2 P a g e
Viewing MT4 interface for ipad Upon successful login, you will be directed to the home interface, from where the quotes window, trade terminal and chart window is displayed. Interestingly, the application itself includes only two permanent fixtures on the home interface: Menu Bar Trade Terminal Figure 3 - ipad Home Interface 3 P a g e
Menu Bar The menu bar, a common feature across all of DMM FX Australia s trading platforms, is the central directory of the MetaTrader platform for ipad. The menu bar is a permanent fixture within MetaTrader and is responsible for all trade management and customisation within the application. The components displayed within the menu bar as follows: a) Accounts b) Quotes c) Chat d) New order Additionally, the menu bar also includes four additional icons relative to the chart window display: e) Crosshair - Used to assist with coordinate identification within the chart to know the number of pips between two points. f) Chart Settings Allows traders to customise how the chart window is displayed on the ipad. Traders can select the information displayed as well as the chart type that is used in any situation. g) Indicators Allows traders to add indicators to their chart window to develop an understanding relative to the selected financial instrument. h) Periodicity The periodicity button will modify the time period displayed on the chart. Each bar and candlestick represents the periodicity selected. i) Chart Window Graphical representation of price fluctuations for chart. If chart window is tapped, trader cannot only enter into positions, however can also analyse data further by implementing indicator. Figure 4 - Menu Bar A. Accounts Window The first icon within the menu bar provides clients with access to account management. Upon successful login, the accounts window will display the active account, as well as the server from which it is connected. Access to password management, additional accounts, and any additional account information is made active to clients through the account window. Figure 5 - Accounts Window 4 P a g e
B. Quotes Window Upon successful login, you will be redirected to the main page of the application, consisting of both the menu bar and chart window. The quotes window interface is essentially the market watch window for tablet however under the default settings, only a select number of currency pairs are displayed. Access to the quotes window is available by selecting the appropriate icon within the menu bar. 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 + icon within the window. Chart Window Although not a permanent fixture, chart display located on the right side of the tablet interface and is responsible for displaying all history to clients to maximise opportunity for market analysis. Figure 6 - Quotes Window Tapping on a selected instrument within the quotes window and proceeding to click chart can change the financial pairing displayed in the chart window. An example of the DMM FX mobile application chart window can be seen below. The chart itself incorporates simplicity, whilst allowing for comprehensive analysis to assist the trader. Customisation of the chart window is in fact available through the aspects of the menu bar discussed above. C. Chat Window The chat window serves as a tool for communication regarding contact with other traders using the platform. Prior to gaining access to the chat window, you are required to register and provide authorisation to confirm account is in fact legitimate. D. New Order Window Window from where traders can enter into new positions, providing access to both instant and pending orders through market based execution. This window will be discussed in greater detail within the following section. Figure 7 - Chat Window Figure 8 - New Order Window 5 P a g e
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. By tapping the indicator icon within the menu bar, you will be directed to a pop up box from where all indicators can be managed across the available windows. As the instructions suggest, indicators can be added by simply clicking on the plus button in the left hand corner. 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. Figure 9 - Indicator Window 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. Trade Terminal The Terminal is an interactive window, providing access to a range of account features, notably account and trading history. The Terminal Window includes the following Tabs: Trade displays open positions, pending orders, account balance, and free margin History list of all executed trades, view profit and loss, credits, volume, etc. Mailbox displays all electronic messages that have been sent to MetaTrader 4 by DMM FX News provides accessed to any news releases and essentially is a shortcut to news section on DMM FX s home page. Journal Display of system messages relating to your account, including log in status and orders placed, modified or closed. Placing a Trade Prior to placing a trade, investors should monitor the price limits to determine the best point at which to enter the market. You can use the Market Watch window to monitor real-time bid and ask prices. It is also suggested traders use the indicators provided within WebTrader in order to ensure confidence in the position taken. An additional feature that can be utilised prior to a detailed analysis is that of the data window for a specific currency pair. The window itself provides a brief outline of the selected currency pair, identifying the high/low spread as well as the opening and closing prices of the pair for the selected period. To change the period being analysed, select the periodicity required. 6 P a g e
Instant Orders You can trade by placing an Instant Order using any of the following options (all will present in the same order window): Selecting New Order from the market window. Selecting the + icon within the terminal window In order to place a trade, clients are required to fill in a New Market Order form requesting the following details: a) Symbol Select the financial pairing you wish to trade. b) Position Select the position you wish to take regarding the CFD (Buy or Sell). c) 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 (0.1 equals 10,000 units). Figure 10 - New Order Window Once clients are satisfied with their order form, a position can be entered into by selecting to enter the position by market, from where a confirmation of the order success is visible at the top of the new order window. Additionally, the order will be recorded under the positions tab within the trade terminal, where the order can be monitored and eventually closed. Pending Orders A pending order allows you to set a price at which you wish to be entered into a position. There is an option to set an Expiry date at which the order is cancelled if the position is not met. This can be left undefined and the order would remain open until the order is activated or cancelled by you. There are four types of pending orders that can be placed through DMM FX: Buy Limit Buy order is placed at a specific ask price where the price is set below the current market price Sell Limit Sell order is place at a specific bid price where the price is set above the current market price Buy Stop Buy order is placed at a specific ask price where the price is set above the current market price Sell Stop Sell Order is placed at a specific bid price where the price is set below the current market price. Modifying Orders To modify a particular order, traders are required to hold down the order you wish to modify within the trade terminal. 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. A modification can be confirmed when the trade has adopts a yellow background within the trade window. By tapping the order, details of new limits will be in place for customer to assess and potentially modify again. 7 P a g e
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: Partially closing an order - Clients can partially close an order by holding down the specific order and proceeding to input the volume 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 remains 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 11 - How to close an order 8 P a g e