MT4 IOS is software used for devices with the IOS operating system. Currently, the MT4 trading platform is no longer strange to investors. So how does MT4 work? How is the MT4 IOS platform different from MT4 Android? Join Learn Forex Trading to find out details now.
What is an MT4 application?
MT4 IOS is an online trading platform used by traders in the foreign exchange market. Used for Forex trading, and financial market analysis. This platform was developed in 2005.
Currently, with MT4, investors can find many different types of products. First, it is currency pairs, cryptocurrencies, margin, stocks,…
Investors are also provided with a variety of indicator analysis tools. Technical indicators and recommendations from experts right on the software.
Understand the inconvenience of traveling without being able to follow orders. MT4 supports multi-platform PCs, phones,s and even Macbooks. Investors can track orders and analyze indicators as long as they have the Internet.
MT4 Web supports both IOS and Android operating systems to help users have the best experience. Even though MT5 is available, many investors still choose to use the MT4 platform to trade. So why is MT4 so popular, no less than MT5?
See more: Let MT4 help you solve all your trading difficulties
Key features of the MT4 application
Not only thanks to the easy-to-use interface design. MT4 is also popular with investors because of its extremely popular features:
- The MT4 IOS platform allows investors to trade in 3 modes. First are 2 market orders, and 4 pending orders. This was followed by 2 stop orders along with 1 trailing stop order. This helps investors have more flexibility in transactions.
- MT4 also integrates additional indicators including the indicator MT4 and 30 technical indicators. With 23 analysis objects, it will help investors have a more specific view of the market.
- The platform supports quotes for investors with time frames from M1 to MN. With an unlimited number of open charts, operations are completely easy.
- MT4 IOS allows automatic copying of trading information of multiple investors. Provide the latest economic announcements to update investors
The operation to perform MT4 IOS download
Currently, the MT4 platform system allows access on both phones and computers. If you use the Website version directly, there is no need to download it. However, with the phone version, investors will need to download and register. Below is how to download and use the MT4 IOS and Android software.
How to download MT4 for PC software
Use the link directly on the MT4 website. Besides, most Forex trading platforms also support MT4 links.
Step 1: Access the MT4 Web link and download, select “Download MetaTrader 4 for PC”
Step 2: After completing the download process, select Run>Yes>Next
Step 3: Once you have finished running the data, you just need to select “Sign up for trading service” to log in and use
How to download the MT4 IOS application for iPhone and Android
With your phone, you can easily search on the App Store or CH Play.
For the IOS operating system: Go to Appstore, and enter a search for MT4. Once it appears, download it to your phone.
With the Android operating system, you do the same as IOS. Select search MT4 on Google Play then download.
How to download MT4 for Macbook software
With Macbook, the easiest way is to get the official link from the Web. With Macbook software, it will be more difficult than with PC, currently MT4 only supports Apple M chips. That’s why older Mac versions will not be able to download MT4.
Step 1: Visit playonmac.com and download MT4 for your device.
Step 2: After you have installed PlayonMac, you need to download XQuartz. This is the recommended software to use MT4 on Mac.
Step 3: Visit Metatrader4.com and choose to download MT4 for Mac. When downloading MT4, PlayonMac software will be automatically activated.
See more: Instructions for registering an Exness account
How to use MT4 software for MT4 IOS
All MT4 toolbars are located in the “ Menu ” section. Includes basic tools such as: taking notes, drawing trends, highlighting,…
“File” feature of MT4 application
With the “File” section, investors need to pay attention to some features such as: Open an Account, and Login to Trade,… With the Open at Account feature, investors can open a demo account from MT4
Not only with demo accounts, you can also open a live account. For the Login to Trade feature, you need to fill in the correct information when registering on the exchange.
The “View” feature of Metatrader MT4 software
With the “View” section, there will be some basic features such as Language; Market Watch; Navigator; and Terminal. In the Language toolbar, you can choose the language you want to use. With Market Watch, you can monitor all currency pairs on the market.
Besides, there are also parts like New Order; Chart Window, Hide,… At New Order, you can set Buy Sell orders. Chart Window will display charts of the products you are interested in. At the same time, hide currency pairs using Hide or Hide All.
Navigator will allow you to add graphs to the technical indicator. Accounts are the account you need to log in to. Finally, the Indicator includes indicators for analysis and trend identification.
You can also create your own indicator using MetaEditor 4. To add an indicator, just right-click and click Attach to a chart. If you don’t want to use it anymore, select Delete Indicator.
MT4 IOS “Insert” feature
Insert contains drawing, markup, and writing tools to support specifications. Additionally, you can directly add and remove technical indicators in the same way as Navigator.
In Insert, you should pay attention to the Line and Channels tools. These are two tools used to draw and draw trend lines. With Fibonacci, investors use it to find profit-taking and stop-loss points.
Shapes and Arrows are specialized for drawing geometry and marking arrows. Finally, Text to insert text inside the graph.
“Chart” feature of the Metatrader MT4 application
At the Chart toolbar, you need to pay attention to the Bar Chart, Line Chart, and Candlesticks. These are three popular charts in financial markets. However, you should only care about the Candlestick chart.
Because this type of chart is very popular and easy to use when adding technical indicators. Timeframes are units of time in Candlesticks. The corresponding time frames include M1, M5, M15, H1, H4, D1, W1, MN.
The template is used when you combine indicators together. You can save it and use it for different currency pairs.
Conclude
The MT4 IOS platform is chosen and trusted by investors even though the MT5 platform has been released. With the information shared by Learn Forex Trading, we hope you will understand how to use this MT4 software and have many interesting trading experiences in the near future.
FAQs
Does MT4 allow investors to trade directly?
Currently, investors can completely trade directly on the MT4 platform
Is there a fee to register an account on MT4?
The answer is no. Currently, MT4 does not charge any fees when opening an account. When trading, investors will have to pay fees such as swap fees, spreads, etc.
Should I choose to use MT4 or MT5?
Each different platform will have unique features. Investors can learn and choose the platform that suits them.
