MetaTrader 5 for Android – User Guide

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!

MetaTrader 5 for Android

With the MetaTrader 5, you can use real and demo accounts. Moreover, you can open demo accounts right from the mobile platform. Authorize in the application to access all the functions of the MetaTrader 5 platform.

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 5and you can keep abreast of events in financial markets and control your trading account.

Getting started

In order to start trading from your mobile device, download MetaTrader 5 from the application store Google Playor 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 the Android 5.0 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.

New Account

Connect to an Account/Open a Demo Account

During the first start of the application you will be offered the following options:

  • Open a demo account – select this option if you want to open a new demo account.
  • Open a real account – request a new real account from a selected broker. You will need to specify personal information and provide identification documents.
  • Login to an existing account – select this option if you have an existing account.

Find detailed instructions on how to work with accounts in a separate section.

Application GUI

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.

  • Quotes  – a window with prices of financial instruments.
  • Charts  – view price charts.
  • Trade  – view the state of account and manage trade positions and pending orders.
  • History  – view the history of trade operations.
  • Mailbox  – view emails received via the internal mail system.
  • News  – view news messages.
  • Messages  – view messages and push-notifications.
  • Settings  – mobile platform settings.
  • Journal  – view the logs of MetaTrader 5 for Android.

MetaTrader 5 Interface

  • About  – view information about the program.

Using the "Menu" button, you can go to account or symbols management, or make trade operations, depending on the current tab.


Quotes

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  Open the side panel .

Quotes

The following price information is displayed here:

  • the name of the financial instrument
  • the ask price
  • the bid price
  • spread
  • the time of the last quote
  • the lowest price for the current day (Low)
  • the highest price for the current day (High)
  • For the High and Low of symbols whose charts are built at Bid prices, the Bid High and Bid Low prices are displayed. If a symbol chart is constructed using Last prices, Last High and Last Low prices are shown for this symbol.
  • To switch between the full and reduced representation of price information, open the context menu by a long tap on any symbol.

List of symbols

In order to remove a symbol from the list or change its position, tap Modify at the top of the window. To add a new symbol, tap Add at the top of the window.

To save traffic, disable unnecessary symbols.

Adding Symbols

To add a new symbol, tap Add 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 Search, enter the desired symbol and tap "Enter" on your keyboard. To add a symbol, tap on its line.

Security Groups   List of symbols

Hiding Symbols

To hide a symbol, go to the edit mode by tapping Modify at the top of the "Quotes" tab.

Editing Symbols   Deleting symbols

To hide symbols, tap Delete symbols at the top of the window. Then check all the symbols that you want to delete, and once again tapDelete symbols.

A financial instrument cannot be hidden, if there are open positions or pending orders for it.

Moving Symbols

To change the order of symbols in the "Quotes" tab, use buttons Move. Tap the button on the desired symbol, and holding it, drag the symbol to the desired position.

 

Symbol Properties 

Symbol trading terms are shown in this window. You can go to this window using the "Properties" command in the context menu of the "Quotes" tab.

The window displays the following set of parameters set by a broker:

  • Symbol name and description – name of a symbol and its short description. Tap Go to a website to read the description to read additional symbol information on a website.
  • Spread – spread in points. If the spread is floating, then the appropriate record is specified in this point (floating).
  • Digits – number of decimal places in the price of the symbol.
  • Stops level – channel of prices (in points) from the current price, inside which one can't place Stop Loss, Take Profit and pending orders. When placing an order inside the channel, the server will return message "Invalid Stops" and will not accept the order.

Symbol Properties

  • Contract size – number of units of the commodity, currency or financial asset in one lot.
  • Margin currency – currency, in which the margin requirements are calculated.
  • Profit currency – currency, in which the profit of the symbol trading is calculated;
  • Calculation – method of profit and margin calculation (Forex, Futures, Exchange Futures, Exchange Stocks, FORTS Futures);
  • Initial margin – security deposit (margin) provided for a fixed-term contract to perform a one-lot deal. If the initial margin value is specified for the symbol, this is the value that is used. Margin calculation equations are not applied to the appropriate calculation type.
  • Maintenance margin – minimum security deposit (margin) a trader should have on his or her account to maintain a one-lot position;
  • Hedged margin – the margin charged per one lot of hedged positions. Margin calculation mode using the larger leg for hedged positions can also be specified here.
  • Margin rate – margin rates for various order types are specified in this table. The rates are set for the initial and maintenance margin individually. If no ratio is set for the maintenance margin (set to zero), the initial margin ratio will be used for it.
  • Market Buy Order – a multiplier for calculating margin requirements for long positions relative to the basic margin amount;
  • Market Sell Order – a multiplier for calculating margin requirements for short positions relative to the basic margin amount;
  • Buy limit – multiplier for calculating margin requirements for Buy Limit orders relative to the main amount of margin;
  • Sell limit – a multiplier for calculating margin requirements for Sell Limit orders relative to the basic margin amount;
  • Buy stop – a multiplier for calculating margin requirements for Buy Stop orders relative to the basic margin amount;
  • Sell stop – a multiplier for calculating margin requirements for Sell Stop orders relative to the basic margin amount;
  • Buy stop limit – multiplier for calculating margin requirements for Buy Stop Limit orders relative to the main amount of margin.
  • Sell stop limit – a multiplier for calculating margin requirements for Sell Stop Limit orders relative to the basic margin amount.
  • Trade – symbol trading mode (full access, long only, short only, close only). Also, trading can be completely prohibited.
  • Execution  execution mode: Instant, Request, Market, Exchange.
  • Type of orders – types of orders placed:
  • Good till today including SL/TP – orders that are valid only during one trading day. With the end of the day, all Stop Loss and Take Profit levels are deleted, as well as pending orders are removed;
  • Good till canceled – pending orders are preserved for the next trading day.
  • Good till today excluding SL/TP – when a trade day changes, only pending orders are deleted, Stop Loss and Take Profit levels are preserved.
  • Fill policy– available order fill policy type: Fill or Kill, Immediate or Cancel, Return.
  • Expiration – available types of expiration of pending orders:
  • Good till Canceled – order lifetime is unlimited;
  • Intraday – orders are canceled at the end of the current trading;
  • Specified time – the order is canceled in a user-specified time;
  • Date – the order is canceled at the end of the day specified by the user.
  • Orders – allowed order types: market, limit, stop, stop-limit, Stop Loss and Take Profit.
  • Minimal volume – minimal volume of a deal for the symbol.
  • Maximal volume – maximal volume of a deal for the symbol;
  • Volume step – step of volume changes;
  • Volume limit – maximum allowed cumulative volume of an open position and pending orders by a symbol in one direction (buy or sell). For example, if the limit is set to 5 lots, a user can have an open buy position of 5 lots and place a Sell Limit order of 5 lots. But, the user cannot place a Buy Limit (because the cumulative volume in one direction will exceed the limit) or place a Sell Limit of more than 5 lots.
  • Swap type – type of swap calculation:
  • In points – the specified number of points of the security price.
  • In the base currency – the specified amount in the symbol base currency;
  • In the margin currency – the specified amount in the symbol margin currency;
  • In the deposit currency – the specified amount in the deposit currency.
  • As a percentage of current price – the specified percentage of the symbol price at the time of swap calculation;
  • As a percentage of the open price – the specified percentage of the position open price;
  • In points, re-open at Close price – at the end of the trading day the position is closed. The next day the position is re-opened at the close price +/- the specified number of points;
  • In points, re-open at the Bid price – the position is closed at the end of the trading day. The next day the position is re-opened at the Bid price +/- the specified number of points.
  • Swap long – swap for Buy positions.
  • Swap short – swap for Sell positions.
  • 3-days swap – day of the week when a triple swap is charged.
  • Margin rate – margin rates for various order types are specified in this table. The rates are set for the initial and maintenance margin individually. If no ratio is set for the maintenance margin (set to zero), the initial margin ratio will be used for it.
  • Market Buy Order – multiplier for calculating margin requirements for long positions relative to the main amount of margin;
  • Market Sell Order – a multiplier for calculating margin requirements for short positions relative to the basic margin amount;
  • Buy limit – multiplier for calculating margin requirements for Buy Limit orders relative to the main amount of margin;
  • Sell limit – a multiplier for calculating margin requirements for Sell Limit orders relative to the basic margin amount;
  • Buy stop – a multiplier for calculating margin requirements for Buy Stop orders relative to the basic margin amount;
  • Sell stop – a multiplier for calculating margin requirements for Sell Stop orders relative to the basic margin amount;
  • Buy stop limit – multiplier for calculating margin requirements for Buy Stop Limit orders relative to the main amount of margin.
  • Sell stop limit – a multiplier for calculating margin requirements for Sell Stop Limit orders relative to the basic margin amount.
  • First trade – the day when the financial instrument trading started;
  • Last trade – the day when the financial instrument trading ended;
  • Face value – nominal bond value set by the issuer;
  • Accrued interest – part of the coupon interest of bonds, which is calculated in proportion to the number of days since the coupon bond issue date or since the previous coupon payment.
  • Category – the property is used for additional marking of financial instruments. For example, this can be the market sector to which the symbol belongs: Agriculture, Oil & Gas and others.
  • Exchange – the name of the exchange in which the security is traded.
  • CFI – instrument classification in accordance with the ISO 10962 standard.
  • Option type – call or put.
  • Underlying – the underlying symbol of the option.
  • Strike price – option strike price.

The lower part shows information about quoting and trading sessions of the symbol.

Statistics 

To view additional price data, select the financial instrument in the Quotes section and tap Statistics. The following information is available:

  • Bid – bid price;
  • B. High – Bid High, the highest bid price for the current day;
  • B. Low – Bid Low, the lowest bid price for the current day;
  • Ask – ask price;
  • A. High – Ask High, the highest ask price for the current day;
  • A. Low – Ask Low, the lowest ask price for the current day;
  • Last – the last price at which a deal was executed;
  • L. High – Last High, the highest price at which a deal was executed for during the current day;
  • L. Low – Last Low, the lowest price at which a deal was executed for during the current day;
  • Volume – the volume of the last executed deal;
  • V. High – Volume High, the highest deal volume for the current day;
  • V. Low – Volume Low, the lowest deal volume for the current day;
  • Deals   the total number of deals executed during the current session;
  • Deals Volume – the total volume of deals executed during the current session;
  • Turnover – money turnover for a symbol for the current session;
  • Open Interest   the total volume of effective contracts (futures, options) which have been settled yet;
  • Buy Orders – the total number of buy requests;
  • Buy volume  – the total volume of buy orders;
  • Sell Orders – the total number of sell requests;
  • Sell Volume – the total volume of sell orders;
  • Open Price –  the open price of the last (recent) session;
  • Close Price – the close price of the last (recent) session;
  • Average Weighted Price – the weighted average price for a session;
  • Settlement Price – the settlement (clearing) price of the previous session;
  • Price Change – price change in percentage terms; Indicates the difference between the price of a last deal (Last) and the close price of the last session in percentage terms: ((Last - Settlement Price)/Settlement Price)*100.
  • Delta – option delta. The Greeks, which include Delta, Theta, Gamma, Vega, Po and Omega, are quantities representing the sensitivity of the option price to changes in various parameters: strike prices, volatility, etc.
  • Theta – option theta.
  • Gamma – option gamma.
  • Vega – option vega.
  • Rho – option rho.
  • Omega – option omega.
  • Sensitivity – option sensitivity. It shows by how many points the price of the option's underlying asset should change so that the price of the option changes by one point.

The number of statistical values depends on the brokerage company.

Context menu 

To open the context menu, tap once on any of the symbols. The menu contains the following commands:

  • New order – go to executing trade operations with the specified symbol. This button is not displayed when not connected to the server.
  • Chart – go to chart viewing.
  • Properties – open symbol properties.
  • Advanced view mode – view price details.
  • Depth of Market – open Depth of Market for the symbol, if available.

Depth of Market

The Depth of Market (DOM) displays bids and asks for a particular instrument at the best prices (closest to the market) at the moment. The DOM window also shows the volume of each order.

The Depth of Market is different on the exchange and over-the-counter markets:

  • If an instrument is traded in the exchange mode, in which related trading operations are sent to an external trading system (an exchange), the DOM features real prices and order volumes from market participants.
  • If an instrument is traded in the over-the-counter (OTC) market, the Depth of Market can be formed based on the quotes of the broker, who may provide different prices depending on the buy or sell volume. If the broker does not provide volumes, the DOM window functions as a scalping tool, which allows placing of market and pending orders with a single click. In this case, the Depth of Market displays price levels calculated based on the Bid and Ask prices using the price change step.

Depth of Market

For more information about prices in the Depth of Market, please see the Price Data section.

To open the Depth of Market window of a financial instrument, click "Depth of Market" in its context menu in "Quotes".

The number of bids and offers displayed in the DOM is determined by the symbol parameters set by the broker.

Depth of Market

Market Operations 

A market operation is buying/selling a financial instrument at the best price currently offered on the market. Market operations can be performed via the Depth of Market using Buy and Sell buttons below.

From the Market Depth – execute the appropriate trading command in the Market Depth of the required symbol while specifying the required volume. This request to execute a trade operation will be immediately sent to the server without specifying any extra conditions.

The volume must be specified before performing an operation.

After clicking Buy or Sell, an appropriate request to execute a trade operation will be immediately sent to the server without specifying any extra conditions.

An example of a market operation

Below is an example of a market operation: buying 50 lots of EURRUB_TOD.

Sending the Request

Let's specify the volume of 50 lots and click Buy:

Sending a request for a transaction execution

History of deals performed as a result of the order execution

Executing the Request

The above screenshot shows that only 1 lot at the best price of 75.6820 were 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.

Closing positions in the Depth of Market

Closing Positions

The Depth of Market allows you to view open positions by their symbol, as well as close them quickly if necessary. Position status is shown at 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 confirmations.

Closing Positions in Hedging Mode

If an account uses the hedging mode, a user can have multiple open positions of the same instrument. The current selected position, which will be closed by a tap on "Close", is shown at the top of the Market Depth. Tap on the position if you want to choose another one.

If hedging is enabled, too close a position you need to select it first

Trader Requests 

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.

Placing an Order

To place a pending order, click on the bid/ask volume cell having a required price:

Placing pending orders via the Depth of Market

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.

Transferring Orders to an External Trading System

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:

  • When reaching the stop price specified in a Buy Stop or Sell Stop order, an appropriate market operation is executed.
  • When reaching the stop price specified in a Buy Stop Limit or Sell Stop Limit order, an appropriate limit request is executed, which will be visible to other market participants.

Interface: Current Position 

The upper section contains the data on the current open position, if there is any.

  • Symbol name
  • Position direction – Buy or Sell
  • Profit/loss

Use the "Close" button at the bottom of the Depth of Market to close the current position.

Lots/Amount button allows you to switch quotes volume display mode in the Depth of Market.

Interface: List of Requests

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:

  • Volume – total volume of requests at a specified price;
  • Price – request price;
  • Trading – this column displays trader's current trade requests and stop levels (Stop Loss and Take Profit). For example:
  • BL 10 – Buy Limit order of 10 lots;
  • SL 5 – Sell Limit order of 5 lots;
  • BS 1 – Buy Stop order of 1 lot;
  • SS 3 – Sell Stop order of 3 lots;
  • sl 1 – Stop Loss of a position of 1 lot;
  • tp 2 – Take Profit of a position of 1 lot.

Interface: Trading Commands 

Traders can send market and limit (Buy Limit and Sell Limit) orders.

Pending Orders

Buttons for placing pending orders are located at the right side of the Trading column. The order is placed at the price with a pressed button.

  • Set Buy Limit/Buy Stop – 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;
  • Set Sell Limit/Sell Stop – 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.

Trade settings

The lower part of DOM contains trade operation settings:

  • sl – Stop Loss level is set for placed limit orders. This parameter is specified in points from the current price;
  • vol – the volume of created market and limit orders in lots;
  • tp – Take Profit level is set for placed limit orders. This parameter is specified in points from the current price.

Market orders

Market order commands are located below:

  • Sell – make a Sell deal in the size specified in "vol" field at the best available price.
  • Close – this button is enabled only if there is an open position for a selected financial instrument. It allows you to close the entire position at the best available price.
  • Buy – make a Buy deal in the size specified in "vol" field at the best available price.

Chart

A chart shows price changes over time. To switch to this tab, use the side or the bottom panel of the MetaTrader 5.

Chart Opening

In order to open a chart of a financial instrument, run the "Chart" menu command in the "Quotes" tab.

Chart period

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.

Chart

Trade

To start trading the financial instrument of the current chart, tap New order 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.

Chart Management

A user can perform the following manipulations on charts:

  • Scrolling  – to scroll through a chart, drag your finger left or right.
  • Scaling  – to zoom in, place two fingers together on the area of the chart you want to zoom in and then drag your fingers apart. To zoom out, place two fingers on different parts of the screen and drag them towards each other.
  • Full-screen mode  – the full-screen mode is automatically enabled when you rotate your device to the landscape mode. Further you can switch between the full screen and normal mode by tapping on the chart.
  • Symbol  – to view a chart of another symbol, tap Symbols.
  • Change the chart type  – there are three chart types available. If you want to switch between the chart types, open chart settings from the radial. Select the desired presentation type from the "Line type" option:
  • Bar chart  – show the chart as a sequence of bars.
  • Candlestick  – show the chart as a sequence of Japanese candlesticks.
  • Line chart  – show the chart as a broken line that connects close prices of bars .
  • Indicators  – to start working with indicators on a chart, tap button Indicators on the top panel or in the radial menu.
  • Setting  – in order to access chart settings, open the radial menu and tap Chart settings.
  • Tile charts  – you can open multiple charts in the mobile platform: up to 4 charts on Android-smartphones, and up to 6 charts on tablets. If you want to customize the arrangement of charts, tap Tile windows on the top panel.

Radial Menu

Radial Menu 

The radial menu is opened by a tap on the chart. Using the menu you can:

  • Change the timeframe
  • Attach indicators to a chart
  • Apply objects to a chart
  • Enable crosshairs
  • Open chart settings

Each chart is provided with a separate radial menu, which allows accessing the settings of the chart.

Crosshair 

"Crosshair" mode allows viewing an exact date, price and indicator values at any point of a chart. To turn on the mode, tap on Crosshair in the top panel of the chart or in the radial menu. Move the crosshair over any point of the chart, the date and price of the point will be appear on the appropriate chart scales.

Crosshair

Ruler

Ruler

In the Crosshair mode you can measure the distance from one point on a chart to another. To do this, set the crosshairs by one finger at the first point, hold it and swiping the screen with another finger to the second point.

The crosshair caption contains two values: the distance along the horizontal axis in bars and the distance along the vertical axis in price terms or indicator values.

Data Window 

Data Window allows viewing spread values (highest spread for the selected bar) and the indicator values. The Data Window can be enabled in MetaTrader 5 for Android settings. After that switch to the Crosshair mode and move it to the desired point.

Data Window

Resizing a subwindow and shifting from the chart edge

Resizing a sub window and shifting from the chart edge

If you want to resize an indicator sub window, long tap (about 1 second) anywhere on the chart. Specify the desired sub window size by dragging its upper border.

In the same mode, you can change the shift of the price chart from the right edge of the window by dragging the dotted line.

In order to close a chart tap Close chart next to it.

Tap anywhere on the chart to exit the edit mode.

 

Chart settings 

To go to the chart settings, open the radial menu and tap Chart settings.

  • Chart view  – select representation of charts:
  • Bar chart  – show the chart as a sequence of bars.
  • Candlestick  – show the chart as a sequence of Japanese candlesticks.
  • Line chart  – show the chart as a broken line that connects close prices of bars.
  • OHLC  – when this option is enabled, current Open, High, Low and Close prices are displayed at the top of the chart. Therefore, the exact value of the last bar can always be seen.
  • Show data window  – when this option is enabled in the "Crosshair" mode, the data window will additionally be displayed on a chart. The Data Window displays the values of all active indicators in a specified point of a chart.
  • Show volumes  – volume display options:
  • Don't show volumes
  • Show tick volumes

Chart settings

  • Show real volumes
  • Show trade levels  – when this option is enabled, all current positions and pending orders of a symbol are shown on the symbol chart. Trade operations are displayed as lines with signatures at the level of the price, at which they were executed.
  • Independent charts  – if this option is enabled, analytical objects are only created on the current symbol chart and on selected timeframes. When you switch to other symbols/timeframes, the objects will be hidden.
  • Show period separators  – date and time of each bar are displayed on the horizontal axis of the chart. And this horizontal scale interval is the selected timeframe. The "Show period separators" option draws additional vertical lines corresponding to the larger period (timeframe) borders. Daily separators are drawn for M1 to H1 charts, weekly separators are shown for H4, monthly appear for D1 and year separators are used for W1 and MN1 charts.
  • Ask price line  – show/hide the Ask price level of the latest quote. Bars in the platform are formed based on Bid prices (or Last prices if the depth of market is available for the instrument). However, at opening of long positions and closing of the short ones, the Ask price is always used. The Ask price is not displayed on the chart, so it cannot be seen. To have a more precise control over trading, enable the "Ask price line" parameter. An additional horizontal line corresponding to the Ask price of the latest quote appears on the chart.
  • Colors  –  select the color display of the chart and its various elements:
  • Scheme  – select a pre-defined color scheme of the chart. Two color schemes options are available: "Green on Black" and "Black on White".
  • Foreground  – color of the axes, scale and OHLC line;
  • Grid  – grid color;
  • Volumes  – the color of volumes and position opening levels;
  • Bar up  – color of an up bar, its shadow and border of a bullish candlestick's body;
  • Bar down  – color of down bar, its shadow and border of bearish candlestick's body;
  • Bull candle  – color of bullish candlestick's body;
  • Bear candle  – color of bearish candlestick's body;
  • Line chart  – color of the chart line and Doji candlesticks;
  • Bid price line  – color of the Bid price line;
  • Ask price line  – color of the Ask price line;
  • Stop levels  – the color of the levels of stop orders (Stop Loss and Take Profit).

How To Trade

The basis of the profit while working in the financial markets is a simple rule: buy cheap and sell dear. One of the main functions of the MetaTrader 5 mobile platform for Android is providing a user with wide opportunities to perform buy and sell operations.

The "Trade" tab features the current state of a trade account, as well as current positions and pending orders. To switch to this tab, use the application side panel that opens at a tap on  Open the side panel .

To go to placing of a new order, tap on New order on the top panel.

Account state 

The current state of a trade account is shown at the top of the tab:

How To Trade

  • Profit, currency  – the total returns of the current trade positions and the account deposit currency.
  • Balance  – money on the account, not accounting for the results of currently open positions (deposit);
  • Credit  – amount of funds provided to a trader by a broker as a loan;
  • Assets  – the current value of purchased financial instruments (of long positions) defined in trader's deposit currency. The value is determined dynamically based on the price of the latest symbol deal taking into account the liquidity margin rate. In fact, the amount of assets is equivalent to the amount of money that the trader would receive in case of immediate closure of long positions. This rate is used on exchange markets.
  • Liabilities  – obligations on current short positions calculated as the value of these positions at the current market price. In fact, the amount of liabilities is equivalent to the amount of money that the trader would pay in case of immediate closure of short positions.
  • Commission  – commission by orders and positions accumulated during a day/month. Depending on conditions of collection of commission (determined by broker), a preliminary calculation of commission is performed during a day or a month. The corresponding amount of assets is blocked on the account and its value is shown in this field. Final commission calculation is performed at the end of a day/month, and the appropriate sum is withdrawn from the account by the balance operation (it is displayed as a separate deal on the History tab), while the blocked amount is unlocked. In case commission is charged immediately during a deal, its value is shown in the "Commission" field on the history tab.
  • Blocked  – under certain trading conditions (determined by a broker), a profit fixed during a day cannot be used to perform trade operations (not included in the free margin). This blocked profit is displayed in the "Blocked" field. At the end of the trading day, this profit is unblocked and deposited to the account balance.
  • Equity  – equity is calculated as Balance + Credit - Commission +/- Floating profit/loss - Blocked;
  • Margin  – money required to cover open positions and pending orders;
  • Free Margin  – the free amount of money that can be used to open positions. It is calculated as Equity - Margin. Depending on the trading conditions (defined by a broker), the equity value may or may not consider: floating profit, floating loss or floating profit and floating loss together;
  • Margin Level  – percentage of the account equity to the margin volume (Equity / Margin * 100);
  • Total of deals  – total financial result of all open positions.

 

Position/order management commands

Trading Commands

To quickly modify or close a position or order, swipe on its row from right to left. This will open a menu of commands:

The following commands are available here:

  • Close position\delete order  – close position/delete order.
  • Edit position\order  – modify position/modify order.
  • Increase position\place order  – increase position/place an order at the same symbol.
  • Open Chart  – open a chart of the symbol the open position or placed order.
  • Depth of Market  – open the Market Depth of the symbol the open position or placed order.

Sorting positions and orders

To sort open positions and pending orders, tap Sorting on the top panel.

Trading operations can be sorted by symbol, ticket, time, and profit. For a reverse sorting by the selected parameter, tap on it again.

Sorting to positions and orders is applied separately.

Sorting positions and pending orders

Positions 

Current open positions are shown in this part. By default, only brief information about positions is shown here. To see more details, tap once on the position line.

Position

  1. Symbol  – a financial instrument of the open position;
  2. Type  – position type: "Buy" – long, "Sell" – short;
  3. Volume  – volume of a trade operation (in lots or units). The minimal volume and its change step are limited by a brokerage company, the maximal one – by the deposit size.
  4. Price  – the price of a deal, as a result of which the position was opened. If the opened position is a result of execution of several deals, then this field displays their weighted average price: (price of deal 1 * volume of deal 1 + ... + price of deal N * volume of deal N) / (volume of deal 1 + ... + volume of deal N). The accuracy of rounding of the the weighted average price is equal to the number of decimal places in the symbol price plus three additional characters.
  5. Price  – the current price of the financial symbol.
  6. Profit  – the financial result of the deal execution, taking into account the current price. A positive result indicates the profitability of the deal, negative indicates loss.
  7. Time  – time when the position was opened. The record is represented as YYYY.MM.DD HH:MM (year.month.day hour:minute).
  8. Comment  – a comment to a position. A comment can be added only when placing an order from the PC version of the MetaTrader 5 platform. The comment cannot be changed when modifying an order. In addition, a comment on a trade operation can be added by a brokerage company.
  9. S/L  – the Stop Loss level of the current position. If the order has not been placed, a zero value is displayed;
  10. T/P  – the Take Profit level of the current position. If the order has not been placed, a zero value is displayed;
  11. Swap  – amount of swaps charged.
  12. Commission  – commission charged by a brokerage company for the execution of the trade operation.

Orders 

Pending orders placed are shown in this part. By default, only brief information about orders is shown here. To see more details, tap once on the order line.

Order

  1. Symbol  – the financial instrument of the pending order.
  2. Type  – type of the pending order: "Sell Stop", "Sell Limit", "Buy Stop", "Buy Limit", "Buy Stop Limit" or "Sell Stop Limit";
  3. Volume  – volume requested in the pending order, and volume covered by the deal (in lots or units).
  4. Price  – price reaching which the pending order will trigger;
  5. State  – the current status of the pending order: "Started", "Placed" etc.
  6. Time  – pending order placing time. The record is represented as YYYY.MM.DD HH:MM (year.month.day hour:minute).
  7. Comment  – a comment to the order. A comment can be added only when placing an order from the PC version of the MetaTrader 5 platform. The comment cannot be changed when modifying an order. In addition, a comment on a trade operation can be added by a brokerage company.
  8. S/L  – level of the placed Stop Loss order. If the order has not been placed, a zero value is displayed;
  9. T/P  – level of the set Take Profit order. If the order has not been placed, a zero value is displayed.
  10. Price  – the current price of the financial symbol.
  11. #  – ticket number (a unique identifier) of the pending order.

When approaching the market, the order background is colored in green.

Context Menu 

The context menu can be called for a position or an order only when viewing detailed information. To expand information about a position or an order, tap once on its line. To display a context menu, tap and hold on the line for a second.

Position Context Menu

  • Close position  – go to position closing.
  • New order  – open the trade tab. In this case, the symbol and volume of the trade operation are automatically set in accordance with the position, on which the context menu is called.
  • Modify position  – modify the Stop Loss and Take Profit levels of a position.

Order Context Menu

  • Modify order  – open the window of order modification.
  • Delete order  – go to order canceling.

The Menu button 

The Menu button on your device calls a menu with additional commands:

  • New order  – go to placing a new order.
  • Symbols  – configure the lists of symbols shown on the "Quotes" TAB.
  • Accounts  – manage trade accounts.
  • Messages  – view push notifications.
  • Settings  – go to the settings of the MetaTrader 5 for Android.
  • About  – view information about the program.

Accounts

This section allows you to manage your trading account. To switch to it, use the application side panel that opens at a tap on  Open the side panel .

The number of the currently connected account is show at the top of the window. Below connection parameters are shown:

  • Server  – the name of the server, to which the mobile terminal is currently connected.
  • Point  – the name of the access point, through which the terminal is currently connected to a server.

Amount of incoming and outgoing traffic for  the current session of the MetaTrader 5 for Android is shown in the bottom part.

Tap Information to find detailed information about the account – its number, name of the owner, the trade server, the amount of leverage and balance.

Accounts

Account Management 

Each account that is used for the connection is saved in the list. In order to connect to the account, just tap on its line or select "Login" in its context menu.

  • Adding accounts  – to open a new demo account or connect using details of a previously opened account tap Open an Accountat the top of the window.
  • Deleting accounts  – to delete an account from the list, open a context menu by touching and holding (for about 1 second) the account line. Then select "Delete".

Managing Certificates 

The trading platform provides the option of extended authentication using SSL certificates greatly increasing the system security. Press Certificates button.

One Time Passwords

Use of OTP (one-time passwords) provides an advanced level of security when working with trading accounts. The user is required to enter a unique one-time password every time to connect to an account.

In order to open the one-time password generator, tap Go to the one-time password generator.

Connection Status

The status of connection to the server can be tracked through the side panel of the application. A rotating indication next to an account number means the app is not connected to the server.

no connection

A trading platform icon next to the account number is an indication of an active account connection.

Initial Synchronization



Mail

The section allows you to work with the internal MetaTrader 5 mail system. All mails sent by a brokerage company are displayed here. Also, you can send a mail to the company's administrator if you have any questions.

The mail's subject, sender's name and a date are displayed in the list. To view an email, tap on it.

Mail

The headers of unread mails in the list are displayed in bold.

Writing a Mail

To create a new mail, tap New message button in the upper right corner of the screen. To reply an incoming mail, enter it and tap Reply.

Select one of the available administrators in the 'To' field. Enter the mail's subject to Subject field. The text of a mail is entered below. To send an email, tap Send email button in the upper right corner of the screen.

You can attach image files and application logs to your email. Tap Attach file and choose an attachment option:

  • Camera – open a camera to take a picture of the document. Before sending, you can view the image or take a new photo if necessary.
  • File – upload an image from the smartphone memory. Only the images that you select will be used.

New mail

Deleting an email

Deleting Mails

To delete emails, tap Delete at the top of the window. Then tick off all the messages you want to delete and once again tap Delete. To select all emails, tap Select all.


Messages

MetaTrader 5 for Android supports push notifications. Push notifications are short text messages that can be sent to your device from the PC version of the trading platform, and from various services of the MQL5.community.

Push notifications are very important. It allows traders to keep abreast of the latest updates. An Expert Advisor running in a desktop trading platform can notify a trader about the emergence of a new signal. The trader receives the signal to the mobile device and can perform a trading operation through the MetaTrader 5 for Android.

Push notifications are received by the device, regardless of whether the application is running MetaTrader 5 or not. All that is needed is the mobile Internet.

During installation of MetaTrader 5 for Android, a unique identifier called MetaQuotes ID is assigned to each user. This identifier is used like a phone number. Knowing it, various applications can send messages to the user.

Specify MetaQuotes ID in your user profile at MQL5.community and in your trading platform in order to receive notifications of important events in the community: new comments, publications, apps in the Market and much more.

In addition, you can communicate with your MQL5.community friends and colleagues straight from the MetaTrader 5 for Android. Any communication is displayed as a chat similar to those used in popular messaging apps.

Open the Messages section using the side or the bottom menu.

Message Categories 

All messages, including push notifications from the desktop platform and communication with MQL5.community users, appear as chats. You can easily distinguish between them by appropriate  avatars.

  • An avatar generated by initials  Chat – chat with MQL5.community users. An image from the user's profile on MQL5.community is used for the avatar; also an avatar can be generated automatically based on the user's initials.
  • A message from your broker  Broker – a message from your broker.
  • A push from the desktop platform  Terminal – pushes sent from the desktop platform.
  • A notification from MQL5.community  Community – messages from MQL5.community services: new comments in Freelance, update of your publication status in Code BaseMarket and Signals, announcements of new publications, etc.
  • Virtual hosting notifications  Virtual hosting – virtual hosting notifications: renting and canceling, platform update on the virtual server, and more.

The History of Messages

  • Other – other messages.

To find a message in the history, use the search option – tap Search on the top panel.

If any of the categories contains unread messages, their number is displayed next to the category title.

To remove all messages from a category, swipe your finger from right to left on it, and then tap on the "Delete" button.

Notifications of new messages

The number of new unread push messages is displayed in the side menu and in the bottom panel. New messages are also shown in notifications:

Notifications of new messages

Reading Messages

If a blue circle appears to the right of a chat, the chat has new messages.

In order to read a message, click on the chat in the list.

View Message

Deleting Messages

Deleting Messages

To delete a chat, long tap (about a second) on it. Then tap on Delete.

Chat with MQL5.community users 

The MetaTrader 5 for Android provides a chat feature, through which you can send instant messages to your friends and colleagues on MQL5.community. Chat messages are sent as private messages to the MQL5.community user.

To start a chat, you should sign in: click "Sign In" and enter your MQL5.community login and password.

Messages   Authentication

You can also send private messages without authentication. In this case you should enable the "private messages" options on the "Notifications" tab in your MQL5.community profile.

Send private messages

However, in this case chat dialogs will not display the history of messages sent through the website.

Chat

To write a message, tap New message in the "Messages" section, and then find the desired user by typing the first few letters of the user's name or login in the search bar:

New message   Chat

Next, enter the text and tap Send a message.

Registration of MQL5.community

If you do not have an account, please register by clicking the appropriate button in the "Messages" section.

During registration, you need to specify your login name and your email address. Once you click Register, an email with the MQL5.community account password is sent to the specified address.

After login, your contacts from the MQL5.community site will be downloaded to the Chat section: friends and users with whom you have exchanged private messages. Dialogs are only synchronized when you open them. Once you open a chat dialog, your entire correspondence with the user will be downloaded from the chat.

Registration

Configuring Notifications from the Desktop Platform 

There are two ways to send pushes from the desktop platform:

Via MQL5 application

The special Send Notification function is available in the MQL5 language allowing an MQL5 application to send push notifications to MetaQuotes ID specified in the desktop platform settings.

Through the alerts function

The desktop version of the trading platform allows you to create alerts for notifying you about events in the market. This feature is available in the Alerts tab of the Toolbox window. One of the event notification types is push notifications.

To allow the terminal to send push notifications, open Options from the Tools menu. Next, go to the "Notifications" tab.

Notifications

The following options are available in the notifications setup window:

  • Enable Push notifications – enable this option to allow the desktop platform to send notifications.
  • Notify of trade transactions – the platform can automatically send notifications of all successful trade operations to the specified MetaQuotes ID. Notification of unsuccessful operations (for example, the order is rejected due to incorrect parameters) are not sent.

After you set up the options, specify one or more MetaQuotes IDs, separated by commas. To find your MetaQuotes ID, open the "Messages" page in the mobile version of the platform.

Configuring Notifications from MQL5.community 

In order to keep abreast of the latest events on MQL5.community, you can choose to receive notifications about updates on the site through the Settings – Notifications section of your profile.

  • notification for personal messages
  • notifications for comments to your blog posts, forum messages, etc.
  • messages about confirmation of steps in the "Freelance" service;
  • messages about completed steps during publication of products in the Market, publication of articles and source code in the Code Base
  • notifications for updates in sections Market, Articles, Code Base and Freelance
  • and much more

Next go to Settings – Security, and enter your MetaQuotes ID. You can find it out on the "Messages" page of the mobile platform.

User profile at MQL5.community

Your mobile device can only register MetaQuotes ID if a valid Google account is used on it.

Notification Receiving Setup 

In MetaTrader 5 for Android settings, you can specify parameters for receiving push notifications.

The following settings are available for the messages:

  • MetaQuotes ID – your unique identifier for receiving messages.
  • Vibration – configuration of vibration when receiving push notifications: never use vibration, in silent mode only, always use vibration.
  • Notification ringtone – select a sound that will be played when a push notification is received.

 

Notification Settings

My ID

My MetaQuotes ID 

During installation of MetaTrader 5 for Android, a unique MetaQuotes ID is provided to every user. It is used for pushing messages to your device from a desktop version of the trading platform, as well as from services at MQL5.community.

You can check your ID by tapping MQID on the top panel in the Messages section.


Settings

In order to open the settings of the MetaTrader 5 for Android, select the "Settings" item of the side panel which opens by tapping Open the side panel.

The following settings are available here:

  • Advanced mode – switching between the full and short representation of information in the "Quotes" window. If you enable the extended view, the tab displays additional information about symbols: spreads, time, the High and Low prices. In the simple view mode only the Bid and Ask prices are shown.
  • Order sounds – enable/disable sound notification of trade operations: opening, modifying, closing positions, placing orders, etc.
  • One Click Trading – the trading platform allows performing trade operations in one click without additional confirmation by trader (trading dialog is not displayed). The function is available in the Market Depth. Before you start using it, you should accept special terms and conditions.

Settings

  • MetaQuotes ID – your unique identifier for receiving notifications.
  • Vibration – configuration of vibration when receiving push notifications: never use vibration, in silent mode only, always use vibration.
  • Notification ringtone – select a sound that will be played when a push notification is received.
  • Language – using this menu, you can switch between 25 languages of the mobile platform interface without changing your device language settings.
  • Enable News – enable/disable delivery of newsletters to the mobile platform.

Push notifications

MetaTrader 5 for Android supports push notifications. Push notifications are short text messages that can be sent to your device from the PC version of the trading platform, and from various services of the MQL5.community.

Push notifications are very important. It allows traders to keep abreast of the latest updates. An Expert Advisor running in a desktop trading platform can notify a trader about the emergence of a new signal. The trader receives the signal to the mobile device and can perform a trading operation through the MetaTrader 5 for Android.

Push notifications are received by the device, regardless of whether the MetaTrader 5 application is running or not. All that is needed is the mobile Internet.

During installation of MetaTrader 5 for Android, a unique identifier called MetaQuotes ID is assigned to each user. This identifier is used like a phone number. Knowing it, various applications can send messages to the user.

The History of Messages

Push messages are displayed in the notification center of your device. The entire history of push notifications is stored in MetaTrader 5 for Android and can be viewed at any time.

Messages in the notification center

Specify MetaQuotes ID in your user profile at MQL5.community and in the trading platform in order to receive notifications on your mobile device.