MetaTrader 5 for Android-powered devices is a platform for mobile trading on the Forex and stock markets. The application allows you to connect to a broker's servers, receive prices and view price charts, trade and view the history of your trade operations. This is available from anywhere in the world absolutely free of charge!
With MetaTrader 5, you can use real and virtual funds. You can use the MetaTrader 5 simulator for free with a MetaTrader 5 demo account.
Authorize in the application to access all the functions of the MetaTrader 5 app.
After authorizing, you can receive prices of financial instruments in the real-time mode, view charts with technical indicators, execute trade operations using the full set of trading orders and various execution modes. Thus, you can implement almost any trading strategy. At any time and from anywhere you can access the history of your trade operations in order to determine the profitability of your trading strategy.
The wide opportunities of the MetaTrader 5 trading platform are now always with you. Download MetaTrader 5 and you can keep abreast of events in financial markets and control your trading account!
In order to start trading from your mobile device, download MetaTrader 5 from the application store Google Play or by using the Google Play application on your device.
After installation, run the application by tapping the icon MetaTrader 5 on the screen.
The MetaTrader 5 for Android can be used on a smartphone or a tablet PC powered by Android 4.0 or higher. In addition, to connect to a broker's trading server, Internet access is required.
It is also possible to install the application in older versions of Android (2.1 and above), but some functions will not be available. Support is unavailable for the older application versions.
It is recommended that you update MetaTrader 5 regularly, which will provide enhanced features and greater stability.
A login and password received from AM Broker after opening an account in Traders Room are used for connection to a trading account. Two types of account access are available in MetaTrader 5 for Android: master and investor. Being authorized with the master password, a user can access the entire functionality of the platform. When using investor authentication, a user can view the account state and analyze prices, but has no access to performing trading operation. Investor access is a convenient tool for demonstrating the trading process on the account.
To connect to an account, tap on the Manage accounts page that opens tap on
At this stage, you select a server (a brokerage firm), on which your account was opened. Tap on a server line “ambroker” in order to select it.
Enable the "Save password" option, and the next time you will be authorized automatically without having to enter the password. If you disable it, every time you will need to type in your password again.
To log in, tap "Login" at the bottom of the window.
From the MetaTrader 5 mobile platform for Android, a user can change trading account passwords. Go to the "Accounts" section and tap button in the upper right corner of the window or press the "Menu" button on your device, and then tap "Change Password".
All password changes apply to the current account (the account you are currently connected to).
The following data should be specified here:
Make sure to enter a complex password, containing no less than 5 characters and at least two of the three types of characters – lowercase letters, uppercase letters and digits.
Tap "Next" to change the password.
The interface of the MetaTrader 5 mobile platform consists of the main working area, the bottom panel and the side panel, which allow switching between the main functions of the program.
Using the "Menu" button, you can go to account or symbols management, or make trade operations, depending on the current tab.
Use this tab to view real-time pricing information on financial instruments. To switch to this tab, use the MetaTrader 5 side panel that opens at a tap on
The following price information is displayed here:
To switch between the full and reduced representation of price information, open the context menu by a long tap on any symbol.
To save traffic, disable unnecessary symbols
In order to remove a symbol from the list or change its position, tap
at the top of the window. To add a new symbol, tap
at the top of the window.
To save traffic, disable unnecessary symbols.
To add a new symbol, tap
at the top of the window. Select a group of symbols. To quickly find the desired symbol, use the search bar at the top of the page. Press
enter the desired symbol and tap "Enter" on your keyboard. To add a symbol, tap on its line.
Below is an example of a market operation: buying 50 lots of EURRUB_TOD.
Let's specify the volume of 50 lots and click Buy:
The above screenshot shows that only 1 lot at the best price of 75.6820 was available at the moment of execution. Fill or Kill execution mode is used by default when sending market requests from the Depth of Market. It means that the request should be performed in the specified volume. If the specified volume is not available in the market, the request will not be executed.
The necessary volume is available in the market but at a higher price. The requested volume will be reached using the best price offers. You can view the history of order execution in the History tab.
The above screenshot shows that the order was executed by two deals: 1 lot at 75.6820 and 49 lots at 75.6300. When executing market deals you agree in advance to buy/sell a symbol at the current market price in a specified volume. Therefore, one order can be executed by several deals at the best market price. Pending orders should be used to execute trade operations at a specified price.
The Depth of the Market allows you to view open positions by their symbol, as well as close them quickly if necessary. Position status is shown in the upper section of the Depth of Market.
To close a position, tap Close at the bottom part of the Depth of Market. Click on it to close your position without any further confirmation.
Placing a trader request means creating a pending order to buy/sell a financial instrument at a specified price. 4 types of pending orders: Buy Limit, Sell Limit, Buy Stop and Sell Stop can be placed from the Depth of Market. The conventional way of performing trade operations should be used to place Buy Stop Limit and Sell Stop Limit orders.
To place a pending order, click on the bid/ask volume cell having a required price:
After you tap on the appropriate field, a request for placing a pending order will be immediately sent to the server. The order will be displayed in the Depth of Market upon successful placement. As soon as there is a market participant ready to sell the financial instrument at the specified price, the order will be filled and will turn into a position.
Pending orders may or may not be transferred to an external trading system depending on broker's symbol settings. For example, a broker may transfer Limit orders directly to an external trading system while other order types (Stop and Stop Limit ones) will be processed in MetaTrader 5:
The upper section contains the data on the current open position if there is any.
Use the "Close" button at the bottom of the Depth of Market (DOM) to close the current position.
Lots/Amount button allows you to switch quotes volume display mode in the Depth of Market.
The main part of DOM is occupied by the list of trade requests which are closest to the market. The upper part (colored in red) displays bids, while the lower part (colored in blue) displays asks. List of requests is divided into three columns:
Traders can send market and limit (Buy Limit and Sell Limit) orders.
Buttons for placing pending orders are located on the right side of the Trading column. The order is placed at the price with a pressed button.
– when you tap on this button in the area of Bid prices, a Buy Limit order is placed at the specified price. When you do the same in the area of Ask prices, a Buy Stop order is placed;
– if this button is pressed in the Ask prices area, a Sell Limit order at a specified price will be placed; in case it is pressed in the Bid prices area, a Sell Stop order will be placed.
The lower part of the DOM contains trade operation settings:
Market order commands are located below:
A chart shows price changes over time. To switch to this tab, use the side or the bottom panel of the MetaTrader 5.
In order to open a chart of a financial instrument, run the "Chart" menu command in the "Quotes" tab.
In the MetaTrader 5 for Android, you can view 9 chart timeframes: from 1 minute (M1) to a month one (MN). Use the radial menu in order to switch between the timeframes.
To start to trade forex and another financial instrument of the current chart, tap on the upper panel.
There is a limit to the depth of price data that can be displayed in the mobile version of the MetaTrader 5 for Android. The depth of the data depends on the device performance, but it cannot exceed 1500 bars. As soon as the limit has been reached, the "Maximum bars limit" notice appears at the bottom of the chart.
A user can perform the following manipulations on charts:
Understanding how to use MetaTrader 5 for Android is important, but if you need help our experts can provide step-by-step guidance.
The number of people trading with the MetaTrader 5 mobile app has surged. MetaTrader 5 wins awards for"Best FX trading platform" and "Best multi-asset trading platform" every year.
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