MetaTrader 4 Android is very similar to MetaTrader 4 for PC. This mobile application
supports most PC terminal's features (all trading functions, execution modes, as well as powerful technical
analysis) except for the algorithmic trading functions as there seems to be not much call for these functions on
Android OS platform yet.
The application works on all smartphones and tablets and supports all screen resolutions.
Terminal interfaces for smartphones and tablets differ from each other and are specifically optimized for working
on these devices.
The application requires Internet connection for its operation. It can be a mobile
communication or Wi-Fi.
The terminal is connected to MetaTrader 4 trade servers using a trader's account. The
application can work both with real and demo accounts.
Similar to the PC terminal, users can open demo accounts right in MT4 for Android. The total number of
accounts managed by the terminal is unlimited.
The quotes for all available symbols are received in real time.
The terminal receives and displays the quotes for all available financial instruments.
The quotes are displayed in Market Watch, which can be presented in a minimized or detailed way.
List of symbols shown in Market Watch can be configured. For example, users can hide symbols they
do not need at the moment.
Support for the full set of trading orders provides flexibility in implementation of the trading strategy and full
compatibility with MetaTrader 4 for PC. All transactions performed via PC are displayed correctly in the mobile
terminal and can be managed. The opposite is also correct: after performing any transaction via the mobile
terminal, users can continue their work via the terminal for PC.
All transactions performed via the mobile terminal are identical to the ones performed via the PC terminal.
All parameters of trading operations can also be controlled using mt4 for android.
Trailing Stop is not implemented but it may appear in the future.
Storing and displaying trading history.
The system of transaction history filtration by symbols and time frames is implemented for convenience.
Charts and analytics
MetaTrader 4 Android allows displaying the quotes of all available symbols in charts.
Portrait and landscape chart orientations are supported for smartphones.
Users just need to rotate their device to switch between them.
The charts are generated based on received quotes of each time frame. A separate base of
quotes is used for each period. If there is data concerning М1, but there is no data on М15, it will be uploaded
when referring to this chart. There are 9 available time frames – from M1 to MN1: M1, M5, M15, M30, H1, H4, D1, W1
Similar to the PC terminal, charts can be of three types: lines, candlesticks and bars.
Traders can easily switch between them.
The charts can display volumes, trade levels and OHLC line. Besides, traders can enable
Data Window displayed in "Crosshair" mode. It shows accurate quote or indicator values at the selected chart
Zooming and scrolling are performed in a usual way. Missing history is automatically
uploaded when scrolling the chart similar to uploading the data in the PC terminal.
30 technical indicators are used for technical analysis:
Average Directional Movement Index
Average True Range
Commodity Channel Index
Ichimoku Kinko Hyo
Market Facilitation Index
Money Flow Index
Moving Average of Oscillator
On Balance Volume
Relative Strength Index
Relative Vigor Index
Williams' Percent Range
For convenience, all indicators are divided into several groups: trend indicators, oscillators,
volume indicators and Bill Williams' tools.
Indicators can be displayed directly on the chart or in a window. Traders can place
several independent analytical tools in one indicator window or develop an indicator based on the data from
another one. For example, traders may apply Moving Average on Relative Strength Index and obtain a smoothed curve
The application does not have analytical objects (for example, Andrews Pitchfork,
Fibonacci Arcs etc.) but they will be implemented in one of the future builds.