Getting Familiar with Metatrader 4 on iOS: A Walk through
Metatrader 4 Iphone/Ipad ios is one of the widely used trading platforms among forex traders worldwide. The platform offers a range of advanced features that allow traders to analyze the markets, place orders, and automate their trading strategies. With the growing popularity of mobile trading, MT4 is now available on iOS devices as well, enabling traders to access the markets on-the-go.
In this comprehensive guide, we will provide you with a detailed overview of the advanced features of Metatrader 4 on iOS and how you can use them to optimize your trading experience.
Multiple Chart Customizations:
Metatrader 4 on iOS offers a range of customizable chart settings. You can add technical indicators, set timeframes, and view various chart styles like bar, candlestick, and line charts. Moreover, you can save your chart templates for later use, making it easier to analyze the markets on-the-go. Additionally, you can zoom in/out, scroll, and place orders directly from the charts, making the trading process more streamlined.
Automated Trading:
One of the main advantages of MT4 is the ability to automate your trading strategies using Expert Advisors. With the iOS app, you can access your custom EAs or download them from the MQL4 community. Moreover, you can create your own EAs using the MQL4 language and test them on historical data using the built-in strategy tester. This feature eliminates the need to sit in front of your computer all day, as your trading strategy can place trades automatically based on set rules.
News and Economic Calendar:
The app provides access to real-time market news and economic calendar, enabling traders to stay up-to-date with the latest developments in the markets. You can view economic events by the hour, day, week, or month, and set alerts for important events. Additionally, the app provides a range of financial news sources like Dow Jones Newswire, Reuters, and MetaQuotes News.
One-Click Trading:
Placing orders quickly and easily is vital to traders, and the MT4 app makes it possible with the One-Click Trading feature. This feature allows traders to open, close, and modify orders with a single click, making the trading process more efficient. Moreover, you can set your trade size, stop-loss, and take-profit levels before placing your orders, reducing the risk of errors in trading.
Advanced Order Types:
MT4 offers a range of advanced order types to traders, allowing them to execute their trading strategies effectively. With the iOS app, you can place market, limit, stop, trailing stop, and OCO (One Cancels the Other) orders. Additionally, you can set price alerts and receive notifications when the price reaches your set levels. This feature ensures that traders can manage their trades effectively and reduce the risks.
Conclusion:
Overall, Metatrader 4 on iOS offers a comprehensive range of advanced features that make trading on-the-go easy and efficient. Whether you are a novice or an experienced forex trader, the above-mentioned features can help you optimize your trading strategies and increase profitability. Moreover, the app ensures that traders can stay up-to-date with the latest market news and economic developments, reducing the chances of making erroneous trades. Go ahead and download the app today to experience the power of Metatrader 4 on your iOS device!