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MetaTrader 4 for AndroidTM Guide Android is a trademark of Google, Inc. Forex trading involves substantial risk of loss and is not suitable for all investors.
Logging in Upon downloading and installing MetaTrader 4 for AndroidTM from Google Play, you will see the Metatrader 4 icon appear on your screen. Please select this icon by tapping on it. Once open, you will be brought to the main login screen and given two options. 1) The first option is to log into an existing account. YOU SHOULD ALWAYS CHOOSE THIS OPTION. Your login credentials have already been sent to your email. Please do Forex trading involves substantial risk of loss and is not suitable for all investors.
not use any login credentials other than the ones that have been sent to you by FX Solutions. 2) The second option is to create a new demo account. PLEASE DO NOT USE THIS OPTION TO CREATE A DEMO ACCOUNT. If you sign up for a demo account directly from the mobile platform, you will not receive FX Solutions’ pricing, leverage, or available currency pairs. It will not be a FX Solutions demo account, but rather a generic overview of MetaTrader 4 for the iPhone. Please be aware of this when signing into the platform. Once you have selected “Log into an existing account,” you will be taken to a screen where you can choose your server (as seen on the right). Upon your first time logging in, please be sure to enter “FXSolutions-Demo Server” in the search box when looking for FX Solutions, LLC. Once located, select by tapping on it once. Once you have tapped the FX Solutions server, you will be brought to a page where you can put in your login credentials (as seen on the left). Please be sure to use the same credentials that were sent to your email (the same login and password you would use for your MT4 on your PC). You will notice at the bottom of the page, you will see “Save password” and a bar next to it that allows you to turn this function on or off. If this function is on, then you will be automatically logged in to your account when you first tap on the main icon. If this function is off, then you will have to input your login and password every time you want to login to your account. You should consider having this function disabled if logging into multiple accounts, or if there are multiple people using the same device. Forex trading involves substantial risk of loss and is not suitable for all investors.
Menu At any point, you can hit the menu button on your phone and you will be taken to a screen with 5 options. New Order– Lets you place a new trade order. Symbols– Lets you add an instrument to your quotes list. From here, you can also change the order of the currency pairs as they appear on your Quotes list. Accounts– This screen simply displays all your accounts that have been accessed via the mobile platform. Settings– Allows you to change certain aspects of your MetaTrader 4 for Android, such as how your quotes are displayed and chart properties. Please see Settings section. About– This option simply tells you about the MetaTrader 4 for Android version that you are currently running. We will expand on some of these functions more in detail later on. Forex trading involves substantial risk of loss and is not suitable for all investors.
Quotes Upon logging in, the Quotes tab will be the first screen you see upon logging in. Here you will see just a few of FX Solutions’ offered currency pairs that are defaulted to come up. You can edit your “Quotes” list by going to the menu button your phone and selecting Symbols button: . This will take you a screen that displays all the symbols you are currently displaying on your “Quotes” chart. For each currency listed you will see a double arrow ( this and drag the currency pair around to arrange the order it is displayed on your “Quotes” chart. ), you can hold on to Forex trading involves substantial risk of loss and is not suitable for all investors.
From this screen, you can also hit the list. Once you do so, you will be taken to an “Add Symbol” at the top of it. There is just one choice to choose from: “Forex-Foreign Exchange.” Please select this choice. On the next page you will see every currency pair offered by FX Solutions available on the mobile platform. button to add more currency pairs to your “Quotes” Forex trading involves substantial risk of loss and is not suitable for all investors.
If you tap on any currency pair, it will be added to the “Quotes” page. From the “Quotes” screen, you can also click on any instrument to place a trade, display a chart, or view currency pair properties. If you tap on any one of the currency pairs from this screen, a pop up box will appear with 3 choices for you; “New Order”, “Chart”, “Properties.” Hitting New Orderwill enable you to place a trade for the specific currency pair you’ve selected. Selecting Chart will allow you to see the chart of the specified currency pair. Chart properties allows you to see various specifications for a specified currency pair: spread, digits, stop levels, pendings are good till canceled, contract size, tick size, tick value, profit calculation mode, margin calculation, initial margin, margin hedge. You can view an image of the Chart Properties window to the left. Forex trading involves substantial risk of loss and is not suitable for all investors.
Chart The chart area of the mobile platform will always show the current currency pair you have selected. You can change the currency pair that is displayed by hitting the bottom left of the screen. button at the The minute tick chart, you would select “M.”“M5” stands for a five minute timeframe, “H1” for a one hour, and “D1” for one day, etc. button allows you to switch timeframes for your chart. For example, if you want a 1 The or line chart. button allows you to choose the type of chart that is displayed: bar chart, candlestick, The button on the far right allows you to refresh your chart. Forex trading involves substantial risk of loss and is not suitable for all investors.
Placing a Trade You can place a trade either by hitting menu on your phone and then selecting the New Order option (this opens up the Trade window for whichever currency pair you are displaying a chart for), or by clicking on the instrument you want to place a trade for via the Quotes screen. Option 1: Option 2: Forex trading involves substantial risk of loss and is not suitable for all investors.
Upon choosing New Order, you will be taken to the screen for placing a trade. From here you can choose the volume, instrument, and type of order. Please select the volume for your trade. This is done by either tapping on the arrow buttons, or by clicking on the number itself and manually inputting the volume yourself. The arrows next to the volume entry box will enable you to raise or lower the volume by one micro lot (1,000 units) of currency. Then you may select the currency pair you wish to place a trade for. After you have done so, you can choose from 5 order types. Please note: The default order type will be Instant Execution. 1. Instant Execution: A buy or sell order that is executed at the market price. 2. Buy limit: A pending order to execute a buy position with an entry price below the current market price. 3. Sell Limit: A pending order to execute a sell position with an entry price above the current market price. 4. Buy Stop: A pending order to execute a buy position with an entry price above the current market price. 5. Sell Stop: A pending order to execute a sell position with an entry price below the current market price. Once you have the parameters of your trade set, hit the “Next” button in the top right hand corner of the platform. If you have selected one of the four pending orders that are there (any one of them besides Instant Execution), the next page that you see will have the currency you are trading at the top of the screen, with the type of order you are placing and the volume of that order right below it. Forex trading involves substantial risk of loss and is not suitable for all investors.
You will then see the spot bid and ask price for the currency you have selected. Beneath the spot prices, you’ll see the parameters box for your trade. From the top down you have “Price,” “Stop Loss,” “Take Profit,” and “Expiration.”The “Price” section is the price at which you want your pending order to execute. It is your entry price. Please remember that whether your entry price goes above or below the spot price depends on the particular pending order you have selected. When you tap on the “Place” section, a keyboard pops up for you to manually input the price at which you want your order to execute. This same idea is held true for your “Stop Loss” and “Take Profit” sections as well. Simply tap on the area and a keyboard appears. Here you can enter your “Stop Loss” and “Take Profit” areas once the key board is up just tap on the “Previous” or “Next” tabs. Once you have completed setting the prices hit the ‘Done” button located on the keyboard. Please see below. Forex trading involves substantial risk of loss and is not suitable for all investors.
From this screen, you also apply an Expiration for any pending order that you place. This is defaulted to GTC (Good til Canceled), but you can also set your parameters for your expiration. Once all of your parameters are set, please hit the “Place” button and your order will be placed. Forex trading involves substantial risk of loss and is not suitable for all investors.
If you place an “Instant Execution” orderinstead of a “Pending order,” you are placing an order to be executed at the market price and when you hit next the page what you see may be slightly different. While you will not see a “Place” area (as your entry price is the spot price), you will still see the “Stop Loss” and “Take Profit” fields. They function the same here as they would when you are placing a pending order. Simply tap the area and manually input your stop loss and take profit. From this window, you will be able to specify your Deviation as well. The “Deviation” area allows you to set your maximum deviation for the trade, allowing you to control the degree of slippage you are comfortable with by using when placing a market order. Again, you simply tap on the area and set how many pips you would allow your order to deviate from your selected price (in your favor or against you) before you simply do not want the order to execute at all. At the bottom of this page, you see a red “Sell” button and a blue “Buy” button. Once you tap on one of those buttons, your order will be executed. Instantly you will see the details of your order pop up in the top of the page along with the price you entered the market at. Please hit “Done” to go back to the chart tab, or “Back “to place another order. Forex trading involves substantial risk of loss and is not suitable for all investors.
Trade From the “Trade” tab of the platform, you will see all of your open orders along with your pending orders and all of the details of your account. You should see the following details of your account as long as you have an open position. 1. Profit = The amount of money you have made or lost in your account based upon your open positions. If you are losing money this number will show as a negative red number. 2. Balance = The total amount of money in your account. This number does not account for any unrealized profit or losses. 3. Equity = Your balance plus your unrealized profit or loss. 4. Margin Level = Shows the relationship between your margin and your equity. When you margin drops down to your equity; liquidation occurs and you are closed out of all open positions and all of your pending orders are canceled. If your margin level hits 100%, which means your equity has dropped down to your margin requirement, a margin call will occur. 5. Margin = The amount of funds required to keep open the positions you currently have open. 6. Free Margin= The amount of equity you still have left to open up positions with before you receive a margin call. Forex trading involves substantial risk of loss and is not suitable for all investors.
Below the parameters of your account you will see your “Positions.” These are all of your open positions in your account. When you tap a position, you will be able to see more detailed information of a particular trade including stop loss and take profit price, the date and time of execution, the ID number for the trade, along with any other additional charges such as swap, taxes or charges for the position. Please note you should not see any charges from FX Solutions in this area. Below “Positions,” if you have any pending orders, they will be shown under the “Orders” section of the page. There you will see the currency pair, what type of pending order it is, the volume, the entry price, and then the current spot price of the position to see how close your order is to being executed. As it is with open positions, you can also tap the order for the pending position and get a box detailing the parameters of the order. This box is the same as the box for open orders except instead of showing “swap, taxes and charges”, it shows “Price, Date and Time.” Theprice is the current spot price, the date is there only if your put an expiry on the order, and the time is also related to any expiration on the order. Forex trading involves substantial risk of loss and is not suitable for all investors.
If you would like to edit any of the orders on the “Trade” tab, then simply highlight the order once by clicking on it, and then hold your finger against it for about one second. This will bring up a pop up box that will show you options to Close order, New order, or Modify order. 1. Close = Brings you to an area where you can close your order or modify the stop loss or take profit. 2. New Order = Brings you back to the trade tab to place a new order. 3. Modify Order = Much like the close function only you can only modify your stop loss or take profit. Forex trading involves substantial risk of loss and is not suitable for all investors.
History The “History” tab enables you to view your trading history. If you hit the Choose from: Today, Last week, Last month, Last 3 months, or Custom. Custom enables you to select the time period of your choice. on the right, you will be able to choose the time period for your history report. The “Custom” button allows you to view your trade history for a specified time frame, as well as all your trades for a select instrument. To view your trades by instrument, enter the symbol (i.e., EURUSD) into the search box. This will display all your closed trades for the instrument selected. Forex trading involves substantial risk of loss and is not suitable for all investors.
Accounts From the “Accounts” section, you can see every account that is used for the connection. Hitting the at the top right will bring you back to the login screen, where you can connect using a different account. To delete an account, swipe your finger from right to left on the account and a red “Delete” button will pop up. The number of the currently connected account is show at the top of the window. Below connection parameters are shown: Traffic— amount of incoming and outgoing traffic for the current session Server— the name of the server, to which the mobile terminal is currently connected Access point— the name of the access point, through which the terminal is currently connected to a server. Forex trading involves substantial risk of loss and is not suitable for all investors.
Settings Finally, we have the “Settings” option which you can access from hitting the menu button on your phone and choosing . This allows you to adjust various parameters of MetaTrader 4 for Android. From here, you will be able to customize how your quotes and charts are displayed. The first option is Advanced mode.The “Quotes” page can be displayed in an Advanced mode or the default simple mode. In the Advance mode, quotes are shown with spreads, time data, and High and Low prices. Forex trading involves substantial risk of loss and is not suitable for all investors.
Default quotes display: Advanced mode: If you click on “Charts,” you will be able to customize what you see on the chart. From here, you can change the type of chart you’re displaying. Check “Show volumes” and “Show trade levels” depending on your preferences. When “Show trade levels” is enabled, all positions and pending orders of a symbol are shown on the symbol chart. Trade operations are displayed as lines with signatures at the level of the price, at which they were executed. Forex trading involves substantial risk of loss and is not suitable for all investors.
