If you are always on the run and need to be in constant connection with the Forex market, you will most likely need a mobile app on your smartphone or tablet to help you stay on top of things and never miss a win. And as one of the widest spread tool for trading is MetaTrader 4, the need for a mobile app was clear.
So, let’s see how MetaTrader 4 Android mobile tool works and if it offers users all the programs they need to implement their strategies and trade while away from the office. And if it is easily accessible and connects well with the FX markets. First of all, the app can be downloaded from google play free of charge, and it gives you access to the trading options and analytics directly on your phone or tablet.
MT4 for Android Charts
With the MetaTrader 4 Android application, you can access the trading history, use three chart types: broken line, candlesticks and bars, nine timeframes, 30 technical indicators, 24 analytic objects and access to financial markets news. It also lets you chat within the app and send emails.
You may track the currencies rates in real time, directly from the charts, use Fibonacci or Elliott tools. You may also apply various color schemes and you may open up to 10 windows with indicators at once. All these help you trading on mobile more easily with the MT4 app for Android.
Traders also have the possibility to implement their strategies with this mobile application, as it offers the possibility to execute orders instantly, and the app allows for the trades to be executed even when it is offline. You can change Stop Loss or Take Profit orders within the app, and access your trading history in order to determine the best next steps.
MetaTrader 4 Android App Interface
All these are available if you have an account set up already. However, the developers allow you to test the app, with a demo version, just to see if this is what you need and it covers your trading requirements. Now, in terms of navigation experience, the developers managed to come up with a product that is user-friendly, easy to navigate, with a straightforward interface.
But, for the purpose of this MT4 for Android review, let’s see what the google play has to say about it. Well, the app got 4.4 stars out of 5, with over 94,000 reviews, so you may say it manages to cover most of the needs of the traders and it offers a good experience for the users. Some users would prefer displaying profit as points, in order to understand how many pips were lost, for example.
This is a feature available only on the PC version of the app. Some others say news stop displaying at some point, while others say it is rather similar to the desktop version, and find the addition of the ask price to the chart as a good feature, but would feel the need to add trendlines to the app and the possibility to run robots through the MetaTrader 4 Android app, as well.
So, all in all, the users see it as a good tool for mobile trading, though some features are still awaited.
If you are looking for other Android trading app, we recommend reading:
- cTrader for Android review
- MetaTrader 5 for Android
- Review of the Plus500 Android App
- eToro Android Social Trading application review
- Sirix for Android full review