Metatrader 4 Download iOS: How to Trade Forex on Your iPhone or iPad
If you are looking for a way to trade forex on your iPhone or iPad, you might have heard of Metatrader 4, one of the most popular and widely used trading platforms in the world. But what is Metatrader 4 and how can you use it on your iOS device? In this article, we will answer these questions and show you how to download, install, and use Metatrader 4 for iOS. We will also compare it with its newer version, Metatrader 5, and help you decide which one suits your needs better.
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What is Metatrader 4 and why use it on iOS devices?
Metatrader 4 (MT4) is a platform for trading forex, CFDs, and other financial instruments. It was developed by MetaQuotes Software Corp in 2005 and has since become the industry standard for online trading. MT4 offers a range of features and tools that allow you to analyze the market, execute orders, manage your account, and automate your trading strategies. You can also access thousands of custom indicators, expert advisors, scripts, and signals from the MetaTrader Market and the Code Base.
MT4 is available for various devices, including Windows, Mac OS, Linux, Android, Huawei, and iOS. By using MT4 on your iPhone or iPad, you can enjoy the following benefits:
Trade forex anytime and anywhere with an internet connection
Choose from hundreds of brokers and thousands of servers
Use all types of trading orders, execution modes, and order types
View real-time quotes of financial instruments
Analyze the market with interactive charts, technical indicators, and analytical objects
Receive financial news, alerts, push notifications, and chat messages
Sync your data with your desktop platform and other devices
How to download and install Metatrader 4 for iOS
To use MT4 on your iPhone or iPad, you need to follow these simple steps:
Go to the App Store and search for "Metatrader 4".
Download and install the app.
Run the app and find your broker server.
Login to your account or create a new one.
Configure your account settings and preferences.
You can also download a special version of MT4 for iOS from some brokers' websites. This may give you some additional features or advantages depending on the broker.
How to login and connect to a broker server
To trade forex on MT4 for iOS, you need to have an account with a broker that supports the platform. You can either use an existing account or create a new one. Here's how:
If you already have an account with a broker, tap "Login to an existing account" on the app's home screen. Then enter your broker's name in the search box and select the appropriate server. Enter your account number and password and tap "Sign In".</ - If you don't have an account with a broker, tap "Open a demo account" on the app's home screen. Then choose a broker from the list and fill in the registration form. You will receive a demo account number and password by email. Tap "Done" and login to your demo account. - If you want to create a real account with a broker, you need to visit their website and follow their instructions. You may need to provide some personal information, verify your identity, and make a deposit. Once you have a real account, you can login to it on the app as described above. How to navigate and customize the interface
MT4 for iOS has a user-friendly and intuitive interface that allows you to access all the features and functions of the platform. The interface consists of four main tabs: Quotes, Charts, Trade, and History. You can switch between them by swiping left or right on the screen.
The Quotes tab shows the live prices of the financial instruments available for trading. You can add or remove instruments by tapping the "+" or "-" icons at the top right corner. You can also sort the instruments by name, spread, or change by tapping the "Sort" icon at the top left corner.
The Charts tab shows the graphical representation of the price movements of the selected instrument. You can change the instrument, time frame, chart type, zoom level, and color scheme by tapping the icons at the bottom of the screen. You can also add indicators, objects, and templates by tapping the "f" icon at the top right corner.
The Trade tab shows your current account balance, equity, margin, free margin, and profit or loss. It also shows your open positions, pending orders, and trading history. You can modify or close your orders by tapping on them and selecting the appropriate option.
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The History tab shows your past trading activity, including your closed positions, canceled orders, deposits, withdrawals, and commissions. You can filter the history by time period, instrument, order type, or profit by tapping the "Filter" icon at the top right corner.
You can customize the interface of MT4 for iOS according to your preferences by tapping the "Settings" icon at the top left corner of any tab. You can change your language, sound notifications, news sources, chart settings, trade settings, and security settings.
How to place and manage orders
To place an order on MT4 for iOS, you need to do the following:
Select an instrument from the Quotes tab and tap on it.
Choose whether you want to buy or sell by tapping the corresponding button.
Enter the volume (lot size) of your order by tapping the "+" or "-" icons or typing a number.
Optionally, set a stop loss and/or take profit level by tapping the "SL/TP" icon and entering a price or distance.
Optionally, set a pending order type (buy limit, sell limit, buy stop, or sell stop) and an expiration date by tapping the "Type" icon and selecting an option.
Confirm your order by tapping "Place".
To manage your orders on MT4 for iOS, you need to do the following:
To modify an order, go to the Trade tab and tap on it. Then tap "Modify" and change your stop loss and/or take profit level. Confirm your changes by tapping "Modify".
To close an order, go to the Trade tab and tap on it. Then tap "Close" and confirm your action by tapping "Close".
To delete a pending order, go to the Trade tab and tap on it. Then tap "Delete" and confirm your action by tapping "Delete".
How to use technical analysis tools and indicators
Technical analysis is the study of price patterns, trends, and signals on the charts. It helps you to identify trading opportunities, determine entry and exit points, and manage your risk. MT4 for iOS offers a variety of technical analysis tools and indicators that you can use on your charts. Here's how:
To add an indicator, go to the Charts tab and tap the "f" icon at the top right corner. Then tap "Indicators" and choose from the list of categories (Trend, Oscillators, Volumes, etc.). Select an indicator and adjust its parameters if needed. Tap "Done" to apply the indicator to your chart.
To add an object, go to the Charts tab and tap the "f" icon at the top right corner. Then tap "Objects" and choose from the list of types (Lines, Channels, Shapes, Texts, etc.). Select an object and draw it on your chart by tapping and dragging on the screen. You can edit or delete an object by tapping on it and selecting the appropriate option.
To add a template, go to the Charts tab and tap the "f" icon at the top right corner. Then tap "Templates" and choose from the list of predefined or custom templates. A template is a set of indicators and objects that you can save and apply to any chart. You can create a new template by tapping the "+" icon at the top right corner.
How to access news, chat, and notifications
MT4 for iOS also provides you with access to news, chat, and notifications that can help you stay informed, communicate with other traders, and monitor your account activity. Here's how:
To access news, go to any tab and tap the "News" icon at the bottom of the screen. You will see a list of news articles from various sources that are relevant to your trading. You can filter the news by category or language by tapping the "Filter" icon at the top right corner. You can also search for a specific topic by tapping the "Search" icon at the top left corner.
To access chat, go to any tab and tap the "Chat" icon at the bottom of the screen. You will see a list of chat rooms that are available for you to join. You can also create your own chat room by tapping the "+" icon at the top right corner. You can send text messages, images, files, or emojis to other traders in the chat room.
To access notifications, go to any tab and tap the "Notifications" icon at the bottom of the screen. You will see a list of notifications that are related to your account activity, such as orders executed, balance changed, margin level reached, etc. You can also enable or disable push notifications by tapping the "Settings" icon at the top right corner.
Metatrader 4 vs Metatrader 5: Which one to choose?
Metatrader 4 is not the only platform that MetaQuotes Software Corp offers. There is also Metatrader 5 (MT5), which was launched in 2010 as an upgraded version of MT4. MT5 has some features and advantages that MT4 does not have, but it also has some drawbacks and limitations that MT4 does not have. So which one should you choose? Let's compare them: Differences between MT4 and MT5 platforms
Although MT4 and MT5 are both developed by MetaQuotes Software Corp, they have some significant differences that may affect your trading experience and performance. Here are some of the main differences between the two platforms:
MT4 uses MQL4 as its programming language, while MT5 uses MQL5. MQL5 is generally regarded as easier to program and more versatile than MQL4, as it allows "black box" programming, object-oriented programming, and event-driven programming. MQL5 also has more built-in functions, classes, and data types than MQL4. However, this also means that most indicators, expert advisors, and scripts written for MT4 are not compatible with MT5, and vice versa.
MT4 supports four types of pending orders: buy limit, sell limit, buy stop, and sell stop. MT5 supports six types of pending orders: buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit. The last two types are a combination of the first four types and allow you to set both the trigger price and the execution price for your order. This gives you more flexibility and precision in your trading strategies.
MT4 has nine timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN. MT5 has 21 timeframes: M1, M2, M3, M4, M5, M6, M10, M12, M15, M20, M30, H1, H2, H3, H4, H6, H8, H12, D1, W1, and MN. MT5 also allows you to create custom timeframes based on your preferences. This gives you more options and flexibility in your market analysis and charting.
MT4 has 30 built-in technical indicators and 24 graphical objects. MT5 has 38 built-in technical indicators and 44 graphical objects. MT5 also has an economic calendar that shows important news events and their impact on the market. This allows you to access more tools and information for your technical analysis and trading decisions.
MT4 has a depth of market function that shows the bid and ask prices for a given instrument. MT5 has a depth of market function that shows not only the bid and ask prices but also the volume and number of orders for each price level. MT5 also has a Time & Sales function that shows the real-time data on all exchange transactions for a given instrument. This gives you more insight into the market liquidity and dynamics.
Pros and cons of MT4 and MT5 for iOS users
Both MT4 and MT5 have mobile applications for iOS devices that allow you to trade forex on your iPhone or iPad. However, there are some pros and cons of each platform that you should consider before choosing one. Here are some of them:
MT4 is more widely supported by brokers than MT5. This means that you have more options to choose from when it comes to finding a broker that offers MT4 for iOS. However, this also means that MT4 may be more crowded and competitive than MT5 in terms of liquidity and spreads.
MT4 is simpler and easier to use than MT5. This means that you can get started with trading faster and with less hassle on MT4 for iOS. However, this also means that MT4 may lack some advanced features and functions that MT5 offers.
MT4 is more suitable for forex trading than MT5. This means that you can focus on the most popular and liquid market in the world with MT4 for iOS. However, this also means that MT4 may not offer access to other markets such as stocks, futures, or options that MT5 does.
How to switch between MT4 and MT5 on iOS devices
If you want to switch between MT4 and MT5 on your iOS device, you need to do the following:
Download both apps from the App Store or from your broker's website.
Run the app that you want to use and login to your account or create a new one.
If you want to switch to the other app, close the current app and run the other one.
Login to your account or create a new one on the other app.
You can also have both apps running at the same time by using the multitasking feature of your iOS device. However, this may affect the performance and battery life of your device, so use it with caution. Conclusion: Is Metatrader 4 for iOS worth it?
Metatrader 4 for iOS is a powerful and convenient platform for trading forex on your iPhone or iPad. It offers a range of features and tools that allow you to analyze the market, execute orders, manage your account, and automate your trading strategies. It also gives you access to news, chat, and notifications that can help you stay informed, communicate with other traders, and monitor your account activity.
However, Metatrader 4 for iOS is not the only option available for iOS traders. There is also Metatrader 5 for iOS, which is an upgraded version of MT4 that has some advantages and disadvantages compared to MT4. MT5 for iOS offers more types of pending orders, timeframes, indicators, objects, and markets than MT4. It also has a more advanced programming language, a depth of market function, and an economic calendar. However, MT5 for iOS is less widely supported by brokers than MT4, more complex and difficult to use than MT4, and less suitable for forex trading than MT4.
Therefore, the choice between MT4 and MT5 for iOS depends on your personal preferences, trading style, and goals. You can try both platforms and see which one works better for you. You can also switch between them easily by downloading both apps and logging in to your account on either app.
Summary of the main points
Metatrader 4 for iOS is a platform for trading forex on your iPhone or iPad.
It offers a range of features and tools that allow you to analyze the market, execute orders, manage your account, and automate your trading strategies.
It also gives you access to news, chat, and notifications that can help you stay informed, communicate with other traders, and monitor your account activity.
Metatrader 5 for iOS is an upgraded version of MT4 that has some advantages and disadvantages compared to MT4.
The choice between MT4 and MT5 for iOS depends on your personal preferences, trading style, and goals.
Recommendations and tips for iOS traders
Choose a reputable and regulated broker that supports MT4 or MT5 for iOS.
Practice on a demo account before trading with real money.
Use a stable and secure internet connection when trading.
Keep your app updated to the latest version.
Use risk management tools such as stop loss and take profit orders.
Learn from other traders by joining chat rooms and forums.
FAQs
What are the minimum requirements for using MT4 or MT5 for iOS?
You need an iPhone or iPad with iOS 11.0 or higher and at least 100 MB of free space.
How can I contact the customer support of my broker or MetaQuotes?
You can contact the customer support of your broker by using the chat function on the app or by visiting their website. You can contact the customer support of MetaQuotes by using the "Contact Us" option on the app or by visiting their website.
How can I backup or restore my data on MT4 or MT5 for iOS?
You can backup or restore your data by using the "Backup" or "Restore" options on the app. You can also sync your data with your desktop platform or other devices by using the same account login details.
How can I transfer funds to or from my account on MT4 or MT5 for iOS?
You can transfer funds to or from your account by using the "Deposit" or "Withdrawal" options on the app. You can also use other methods such as bank transfer, credit card, e-wallets, etc. depending on your broker's policies.
How can I learn more about forex trading and MT4 or MT5 for iOS?
You can learn more about forex trading and MT4 or MT5 for iOS by using the "Help" option on the app or by visiting the official websites of MetaQuotes and your broker. You can also find tutorials, guides, videos, articles, blogs, podcasts, webinars, courses, etc. online.
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