Metatrader 4 for iPhone: Making Informed Trading Decisions
Metatrader 4 (MT4) is an industry-leading trading platform that provides traders from around the world with powerful tools to analyze markets, create and implement strategies, and manage their positions in real-time. In this article, we’ll be discussing the advanced features of Metatrader 4 Iphone/Ipad ios.
If you’re new to the platform, Metatrader 4 provides a user-friendly interface, customizable charting and analysis tools, and a wide range of indicators and strategies to help you make informed trading decisions. However, if you’ve been using the platform for a while and are looking to take your trading to the next level, this article is for you.
Multiple Timeframes and Chart Templates:
One of the advantages of MT4 is that it allows traders to simultaneously view multiple timeframes on a single chart. This is particularly useful if you rely on technical analysis as it provides you with a holistic view of the market and enables you to identify key levels of support and resistance. MT4 also allows you to create custom chart templates, which can be saved and applied to any chart, making it easier to switch between different chart layouts.
To access these features, swipe left or right on any chart to switch between timeframes. To create a new chart template, right-click on any chart and select ‘Templates’ > ‘Save Template.’
One-Click Trading:
MT4 on iOS also offers one-click trading functionality, allowing you to open and close positions with a single tap. This feature can be customized and configured to your personal preferences, enabling you to set predefined trade sizes, stop-loss and take-profit levels, and much more.
To activate one-click trading, simply enable the feature in the settings menu and customize your preferred trade settings. When you’re ready to trade, simply tap on the ‘Buy’ or ‘Sell’ buttons to execute your trade.
Push Notifications and Price Alerts:
Metatrader 4 on iOS provides traders with customizable push notifications and price alerts. This means you can receive notifications when specific market conditions are met, allowing you to stay informed and act quickly when opportunities arise.
To enable push notifications and price alerts, go to the ‘Settings’ menu and configure your notification preferences. You can set alerts for price levels, news events, technical indicator crossings, and much more.
Automated Trading with Expert Advisors:
MT4 on iOS also allows traders to create and use automated trading strategies, known as Expert Advisors (EAs). These EAs can be programmed to enter and exit trades automatically based on specified conditions, such as technical indicators, news events, or price levels.
To create an EA, you’ll need to use the MetaEditor software, which is available from within Metatrader 4. Once you’ve created your EA, you can test it using historical data, and then deploy it on a live account. EAs can be an excellent way to take emotion out of trading and remove the need for manual intervention.
Custom Indicators and Scripts:
Another feature of MT4 on iOS is the ability to use custom indicators and scripts. This means you can add your own technical indicators to the platform, or download and install indicators developed by other traders. You can also create and run custom scripts, which are small programs that automate specific actions within the platform.
To add custom indicators or scripts, navigate to the ‘Navigator’ window and select ‘Indicators’ or ‘Scripts.’ From here, you can add or remove indicators, or create your own custom scripts using the MetaEditor software.
Conclusion:
Metatrader 4 on iOS provides traders with an extensive range of powerful features that can help you make informed trading decisions, no matter where you are. Whether you’re a novice or experienced trader, the advanced features of MT4 on iOS can help you take your trading to the next level. From multiple-chart timeframes and one-click trading to push notifications and automated trading with EAs, MT4 provides an outstanding range of tools to help you succeed. So, why not download the app and unleash the power of MT4 on iOS today?