MetaTrader4 Mobile for Android – Starter Guide

This manual is written especially for phones using Android version 4.0.4. Please note that if you are using an older version of Android phone some functions may differ slightly

1. First open your trading account by registering on your broker website

Follow the step-by-step process and verify your account.

Log-in to your exclusive members area for direction on how to fill the registration form from our broker... If you haven't signup for our FREE signals (plus FREE $30 USD you get from our partner), you may want to find out a bit more about it here and now.

2. To download your mobile MT4 platform

If you don't already have the MT4 on your mobile device, here's how you may download it...

Search for “MetaTrader 4” in the Google Play store

After downloading and installing the MT4 app, find it on your phone’s Applications section and tap on the icon (as illustrated above) to start.

This manual is written especially for phones using Android version 4.0.4. (or higher) if you are using an older version of the Android OS some functions may differ slightly. You can see which Android version you are using by clicking the menu button and choosing Settings and About phone.

Stage 1. Login

After the MT4 app has been started the New Account login screen should appear, which looks like this:

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Since you have already opened your XM account, you are going to select the first option: Login with an existing account

In case the New Account login screen does not appear, press the Menu-button then choose Accounts and click on the   symbol from the right top corner.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

How to Login to an Existing Account

Since you already have an existing MetaTrader 4 account from XM (or your own broker) with login/password, please select this option. Then you can choose the trading server by typing XM to the search bar (where it reads: Enter company or server name).  After typing XM, you may press the back button to see the complete list of available trading accounts of XM.  The following trading accounts should be available as shown in the figure below. Scroll down on your phone to see all the options. Pick the option that corresponds with the account you opened.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

At this point, scroll to pick your XM trading server as indicated in the account you have already opened. (You can check the details in a mail from XM in your inbox)

Once you have selected your account trading server, your screen will show the page below, impute your login and passwords as given when you opened your account. Click on sign in after that.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Now that you have signed up, let’s take you through the trading app

Main Sections

Menu

At any point while using MetaTrader 4 Mobile, you can press the menu button on your phone to access a screen with the following options

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

New Order – Allows you to place a trade order. (Placing a trade means you are initiating the process of converting one currency to another)

Symbols – Allows you to add  a currency pair to your quotes list.

Accounts – This screen displays all your accounts that have been accessed via the mobile platform.

Messages – Here you can see any the messages sent by MetaQuotes.

Settings – Allows you to change certain aspects of your MetaTrader 4 for Android, such as how your quotes are displayed and chart properties. For more information about Settings, more on settings later

About – This option tells you about the MetaTrader 4 version that you are currently using.

Stage 2. Quotes

Once you have logged in, the Quotes tab will be the first screen you can see. Here you will see the offered currency pairs of XM broker that are defaulted to come up.

The quotes screen shows you a list of currency pairs and their exchange rates as shown in fig. bellow.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

You can edit your list of Quotes (or currency pairs and their current exchange rate) by pressing the menu button of your phone and selecting Symbols button.

This will take you to a screen that displays all the symbols you are currently displaying on your Quotes chart. See figure bellow.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

From this screen, you can also hit the   button to add more currency pairs to your Quotes list.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Once you do so, you will be taken to an “Add Symbol” at the top of it. There are many options to choose from. See fig. bellow
FOREX MINI has most of the pairs you would be looking to add. Check it add currency pairs to your quote area.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Once you select Forex Mini, you will see the fig. shown below:

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Tap on any currency pair, to add it to the Quotes page.

From the Quotes screen (shown below), you can also click on any currency pair to place a trade, display a chart, or view currency pair properties.

If you tap on any one of the currency pairs from this screen, a pop-up box will appear with 3 choices for you: New Order, Chart and Properties.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Hitting New Order will enable you to place a trade for the specific currency pair you’ve selected. Selecting Chart will allow you to see the chart of the specified currency pair.

Chart

The chart area of the mobile platform will always show the current currency pair you have selected. You can change the currency pair that is displayed by hitting the    button at the bottom left of the screen.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com
MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Button allows you to switch timeframes for your chart. For example, if you want a 1 minute tick chart, you would select “M.” “M5” stands for a five minute timeframe, “H1” for a one hour, and “D1” for one day, etc.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Button allows you to choose the type of chart that is displayed: bar chart, candlestick, or line chart. In some models this option has been replaced by a crosshair button that allows you to see the price at a particular time by moving the crosshair on the screen.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Button allows you choose the Indicators on the current currency pair.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Button on the far right allows you to place a new order.

Stage 3. Trade

Placing a Trade

Make sure you are looking at your quotes screen as shown below.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Click/Tap on the currency pair you want to place a trade for. The display on your screen will look like the one below.

KNOW YOUR CURRENCY SYMBOLS!

USD – United states Dollar

EUR – EURO Zone

PY – Japanese Yen

GBP – Great Britain Pounds

CAD – Canadian Dollar

AUD – Australia Dollar

CHF – Switzerland Franc

NZD – New Zealand Dollar

Remember that these currencies are traded in pairs. For example...

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

EURUSD is Euro zone v United States dollar, or

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

GBPJPY is Great Britain pounds v Japanese Yen

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Note: It may appear differently on your phone….but it’s still the same parameters. Just look for the same parameters as it appears on your phone.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

From here you can choose the volume, (please follow our recommended volume that correspond with the amount you have in your account balance. HOWEVER, if a specified volume comes with the trade signal, please follow the specified volume instead) the currency pair you chose would be displayed, make sure it matches the pair you want to place the trade on (Please pay strict attention to this. NO room for mistakes here!) And type of order.

Please select the volume for your trade. (Click here to see our recommended volume for your account balance. Not following our recommended volume is disaster)

This is done by either tapping on the arrow buttons, or by clicking on the number itself and manually inputting the volume yourself. The arrows next to the volume entry box will enable you to raise or lower the volume.

Then you may select the currency pair you wish to place a trade for.

The volume you will use is directly tied to how much money you have in your account balance. Follow our recommended plan. Check it out now and before placing any trade to make sure you are not using the wrong volume.

Be warned, using the wrong volume IS DISASTER. Click here to check our recommendation and follow it to the letter.

After that you can choose from 5 different order types where the default order type is Market Execution.

The trading signal you get from us will tell you which market execution to select. So DON'T worry about that one.

Stop Loss and Take Profit.

Stop Loss or take Profit may be set...

  1. BEFORE a Trade

    OR

  2. DURING a trade

HOW TO SET Stop Loss OR Take Profit BEFORE A TRADE

Fill in the figures provided in the Trade Signal. If they are not given these parameters in the signal, just ignore.

If they are given, simply tap on the Button for Placing Orders as indicated above.

Once all of the parameters given in the signal mail are set, please hit the Place button and your order will be placed.

In the diagram below you will see A, B and C. Those are the key areas to pay attention to when setting your take profit and stop loss as given in the signal.

A = That's the volume. You can set higher or lower volumes by using the any of the +0.1, +0.01, -0.01, -0.1. The ACTUAL volume you set is the one in the RED circle, that's the one that MUST correspond with the volume you received by email as trading signal from us.

B = That's the STOP LOSS, Section. The number here is your take profit and you can increase or decrease that number by using the + or - signs, respectively. The stop loss you'll use here is the one given to you in the signal you receive by email.

C = That's the TAKE PROFIT, Section. The number here is your stop loss and you can increase or decrease that number by using the + or - signs, respectively. The take profit you'll use here is the one given to you in the signal you receive by email.

HOW TO SET Stop Loss OR Take Profit DURING A TRADE

You can change a trade's STOP LOSS or TAKE PROFIT during that trade. However, you CAN'T change the volume of a trade during the trade.

Here's how to change the Take Profit or Stop Loss of a Trade during the trade...

1. Click or Tap on "TRADE", in your MT4 menu. This may have different displays on different phones/mobile devices, so simply find and tap on TRADE in your own device.

Once you do so, an image like this will show up...

 OR...

Depending on your mobile device, the image may look like this...

2. Look at the image above, do you see the part that says "POSITIONS"? You notice the currency pairs underneath as well?

Now, tap and hold your screen to reveal a menu, scroll through the menu to find "MODIFY ORDER", click on MODIFY ORDER. And then change your STOP LOSS or TAKE PROFIT numbers.

Once you've made your desired changes, go ahead and click on the button below that page that says "MODIFY", and your new STOP LOSS or TAKE PROFIT goes live.

Let’s take an example:

You have $30 as your account balance and you get a signal in your inbox that reads like this:

Buy EUR/USD at 1.13500. Instant Execution

This is what you would do:

Symbol: EURUSD, Euro v US Dollar (if the symbol you are looking for is not currently displayed on your quotes screen, review stage 2 to know how to select it to your quotes screen)

Volume:  0.01     as indicated by our recommended list for $30

Type: you select instant execution (meaning you’ll place the trade immediately you get the signal)

Check your email inbox every 4hrs for signal alerts starting 0100 GMT +1

(For optimal trade… however, this is totally up to you and how often you want to take trades as they are made available. Please note that this doesn’t mean you’ll have signals available every 4hrs. Except otherwise recommended, please take ONE trade at a time… so DO NOT setup multiple trades at the same

Following a Trade

From the Trade tab of the platform, you will see all of your open orders along with your pending orders and all of the details of your account. You should see the following details of your account as long as you have a trade on

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Profit = the amount of money you have made or lost in your account based upon your open positions. If you are winning money this number will show as a blue number and if you are losing then it will show as a negative red number.

Balance = the total amount of money in your account. This number does not account for any     unrealized profit or losses. (PROFITS OR LOSSES BECOME REALIZED WHEN THE TRADE IS CLOSED)

Equity = your balance plus your unrealized profit or loss.

Margin Level = shows the relationship between your margin and your equity. When your margin drops down to your equity; liquidation occurs and you are closed out of all open positions and all of your pending orders are canceled. If your margin level hits 100%, which means your equity has dropped down to your margin requirement, a margin call will occur.

Margin = the amount of funds required to keep open the positions you currently have open.

Free Margin = the amount of equity you still have left to open up positions with before you receive a margin call.

Below the parameters of your account you will see your Positions. These are all of your open positions in your account.

When you tap a position, you will be able to see more detailed information of a particular trade including stop loss and take profit price, the date and time of execution, the ID number for the trade, along with any other additional charges such as swap, taxes or charges for the position.

Below Positions, if you have any pending orders, they will be shown under the Orders section of the page. There you will see the currency pair, what type of pending order it is, the volume, the entry price, and then the current spot price of the position to see how close your order is to being executed. Just like with open positions, you can also tap the order for the pending position and get a box detailing the parameters of the order. This box is the same as the box for open orders except instead of showing “swap, taxes and charges”, it shows “Price, Date and Time.” The price is the current spot price, the date is there only if your put an expiry on the order, and the time is also related to any expiration on the order.

If you want to edit any of the orders on the “Trade” tab, then simply highlight the order once by clicking on it, and then hold your finger against it for about one second. This will bring up a pop up box that will show you options to Close order, Close partially, New order, or Modify order.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

To close the trade, you simply tap on TRADE, and then when the page opens, tap on the screen and the menu you see in the image abo0ve will sho0w up. Once that happens, you will then tap on CLOSE ORDER to close the trade.

  1. Close = brings you to an area where you can close your trade or modify the stop loss or take profit.

  2. New Order = brings you back to the trade tab to place a new order.

  3. Modify Order = much like the close function only you can only modify your stop loss or take profit.

At this point, you already know everything needed for you to place a trade using our trading signals, make a profit and close the order. You would always get the instructions on what to do if you have to do anything.

This guide is to show you how to do what we tell you to do. Because doing it right is very important to your success.

History

The History tab enables you to view your trading history.

If you press the   sign on the right, you will be able to choose the time period for your history report.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

Choose from: Today, Last week, Last month, Last 3 months, or Custom. Custom enables you to select the time period of your choice.

The Custom button allows you to view your trade history for a specified time frame, as well as all your trades for a select instrument.

MetaTrader4 Mobile for Android – Starter Guide | LiveBeyondSchool.com

To view your trades by currency pairs, enter the symbol (i.e., EUR/USD) into the search box. This will display all your closed trades for the instrument selected.

Settings

Settings option can be accessed from hitting the menu button on your phone and choosing Settings. This allows you to adjust various parameters of MetaTrader 4 for Android. From here, you will be able to customize how your quotes and charts are displayed.

As a beginner, please do not attempt to change the default settings. You do not need it to succeed as a trader

To your success!

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