How to Use MT4 App on Android & iPhone – A Step-by-Step Guide

How to Install and Sign-In to the MetaTrader 4 App

Step 1: Sign-up and create your TMGM Account
Complete the sign-up process by providing basic details about yourself and letting us get to know you better. You will also need to complete a quick verification to confirm your identity. Do not worry; it is fast and secure. Should you encounter any issues, please reach out to our friendly customer support team for assistance.

When signing up, consider how much leverage and margin, as you will need to set your initial leverage ratio here. 

Sign Up and Get Started   or Log-in to your existing TMGM account

Step 2: Download MetaTrader 4 App on Your Android or iPhone

Download the MT4 App for iPhone

Or tap on the App Store icon on your iPhone, search for MetaTrader 4, and tap on Get

Download the MT4 App for Android Smartphones

Or tap on the Google Play Store icon on your Android device, search for MetaTrader 4, and tap on Install

Step 3: Open the MetaTrader 4 App, and Log In to your TMGM Account

• Open the MT4 app from your Home Screen or App Library

• Select Login to an existing account
   

• In the search bar, type ‘TradeMax’ 

• Select the Live server or Demo server from the list
  

• Enter your login credentials (provided when you sign up through TMGM) 
  
  

Your MetaTrader 4 Mobile App is now live and ready to trade!

Navigating the MetaTrader 4 Mobile Interface

Like the desktop version, MT4 on mobile is designed to be intuitive and easy to navigate. Here are the main sections and features to be aware of:

1.        Quotes Tab
Tap on the Quotes icon at the bottom of the screen to bring up the live bid/ask prices in your watchlist. You can switch between the Simple and Advanced views to see more details, such as spreads, time, or high/low values for each instrument. 

Fret not if you do not see the instrument, you are looking for! Tap on the + icon at the top right to access the Add Symbol list and add the range of markets available with TMGM on MT4 to your watchlist.

2.        Charts Tab

Tap the Charts icon at the bottom of the screen to open a chart for the last selected instrument. You can also open a chart by tapping an instrument in the Quotes tab and selecting Chart.

Charts can be customized with nine different timeframes, indicators like moving averages or relative strength index (RSI), and objects like trendlines or channels.

3.        Trade Tab

View your open trades, account balance, and available margin through the Trade tab. You can also modify or close positions from the trade tab by tapping on any open trade (such as setting a Stop Loss or Take Profit).

4.        History Tab

This tab provides a detailed overview of all your past trades and transactions. It is a valuable tool for tracking your performance and analyzing your trading decisions over time. It allows you to review closed positions, account deposits, withdrawals, and any adjustments to your account balance.

How to Trade Using the MetaTrader 4 App

Once you have familiarized yourself with the mobile interface, you can place your first trade. Let us walk you through executing trades on the go using the MT4 mobile app.

Step 1: Choose an instrument

• Go to Quotes and tap on the instrument you want to trade

• Tap on the instrument, for example, the EUR/USD pair, and select Trade
   

Step 2: Set Trade Parameters

• The Type consists of two methods: Market Execution (if you want to immediately place the trade when you select ‘buy’ or ‘sell’) and Pending Order (if you want to choose the price at which your trade opens).

• The number in white below is the Volume, which is the number of lots to be traded

• The Stop Loss is a set amount to automatically close the position once the price reaches that level. For long positions, the stop loss is typically below the current market price and above the current market price for short positions. You can leave it at 0.00 if you do not intend to use a stop-loss order.

• The Take Profit is a set limit to automatically lock-in profits for the position once the price reaches that level. For long positions, the take profit is typically above the current market price and below the current market price for short positions. You can leave it at 0.00 if you do not intend to use a take-profit order.  

Step 3: Execute the Trade

• Market Execution

If you set the trading type to Market Execution, you can execute the trade by selecting the ‘Sell by Market’ or ‘Buy by Market’ options.

• ‘Buy’, to take a long position if you expect that the CFD instrument will rise in value.

• ‘Sell’ to take a short position if you expect  it to fall in price.

The actual price may fluctuate and vary compared to what is shown, especially if there  are large movements or volatility when placing the order. If you would like more control over the actual price, you can choose the other option to place your trade.

• Pending Order

This type of order grants traders more finesse and control in opening the position. Pending orders can be executed through limit or stop orders at a specified price.

Limit: A limit order will only be fulfilled when the price reaches the specified price or better.

Stop: A stop order triggers at the specified price and will be filled at the prevailing market price. This means the order could be carried out at a significantly different price than the actual stop price.

Once you have selected the order type, you can choose whether to ‘Buy’ or ‘Sell’ the order, taking a long or short position, respectively.

Expiry:  If the market is unable to reach your specified price, select a date and time at which the order will expire.   

When you are ready, you can click the ‘Place’ button to complete the pending order.
  

How to Monitor and Modify Your Positions on MT4 App

Navigate to the Trade tab to see all open positions, including profit/loss, margin, and current prices.

·      Modify Orders: Tap and hold on to any open position to adjust the Stop Loss or Take Profit levels.

·      Close Orders: Tap and hold the open position, then select ‘Close Order’ from the menu.

Now that you are familiar with the mobile interface and how to place trades, you are ready to seize trading opportunities on the go. With MT4’s powerful features in your pocket, you can monitor the markets, execute trades, and control your positions anytime, anywhere. Whether you are a seasoned trader or just starting, the MT4 mobile app ensures you will never miss a market move, empowering you to trade  confidently and flexibly. Keep your trading journey on track, no matter where you are.