MetaTrader 4 iPhone is very similar to MetaTrader 4 for PC by its functionality. 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 iOS platform yet.
The application works on all listed smartphones and media players. The application runs in
compatibility mode on iPad tablet when the image is stretched on a larger screen. Currently, we are working on the
special MetaTrader 4 version for iPad, which will use the tablet's native resolution. The application's interface
will be optimized to fit the same resolution.
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 MetaTrader 4 iPhone. 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 MetaTrader 4 iPhone.
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 iPhone 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 point.
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.
Additional features of MetaTrader 4 iPhone
MetaTrader 4 iPhone has a chat allowing traders to communicate with each other and receive various messages.
For convenience, all features are divided into 5 sections:
Chat – conversation with MQL5.com users. To start a conversation, specify a trader's nickname at MQL5.com.
Broker – broker's messages. These are usually targeted and confidential messages on the account's status,
performed trade operations etc.
Terminal – alerts and notifications from the Expert Advisors launched in the PC terminal. It means that you
can launch an Expert Advisor in your PC terminal, which will send free messages to your smartphone or tablet.
Community – various messages from MQL5.com, including depositing funds on the account, execution of an
ordered work etc. If traders are registered on the web site but they do not show any activity (like leaving
forum posts, executing job orders and so on), they will not receive messages of this category.
Other – anything that is not related to the previous 4 categories.
MetaTrader 4 iPhone has built-in Journal recording all user's actions and application's
service messages. This data may be useful in case of any dispute between a broker and a trader.