MetaTrader India

A New Version of MetaTrader 5 iPhone: Financial Charts From Anywhere in the World

MetaQuotes Software Corp., a global leader in the market of trading platforms for retail Forex, released on Monday a new version of the MetaTrader 5 Mobile Terminal for iPhone.

The new MetaTrader 5 iPhone provides mobile traders with an exciting possibility to track price dynamics in the real time mode. The MetaTrader 5 iPhone (http://www.metatrader5.com/en/mobile-trading/iphone) now supports full-fledged charts for all financial instruments that are available for smartphones and tablet PCs, unlike the previous version in which only trade operations were available. Now, in addition to the current quote, traders can see previous values as well, facilitating more accurate and faster trading decisions with the help of up-to-date price analysis.

“While other developers offer traders only a static screenshot of a price chart, we provide interactive charting with different periods, visualization modes and scaling. It’s much harder to implement, but it gives traders important opportunities and opens up the key perspective for us,” said Renat Fatkhullin, the CEO of MetaQuotes Software Corp.

“In the next version, we will add a powerful analytical functionality, so traders will have the maximum information in their pocket,” Fatkhullin added.

The mobile graphical system is very similar to the charting of the MetaTrader 4 and MetaTrader 5 desktop terminals; hence customers can spare the time required for getting used to a new system. Quotes are shown as a sequence of bars, Japanese candlesticks or a line. The MetaTrader 5 iPhone supports minute as well as daily timeframes, enabling traders to assess the influence of various market trends. A total of 2,000 to 4,000 bars can be shown on a chart, which is equal to 5-10 years of price history.

MetaQuotes Software believes that a substantial group of traders will soon migrate from online trading to the mobile one. We assume that such migration will happen within the next three to five years. That is why the company has chosen mobile trading as one of its priorities. MetaTrader 5 iPhone is the first mobile application developed in accordance with this concept. In addition, MetaQuotes is developing a terminal for another popular mobile platform – Android OS, the release of which is scheduled for May 2011.

Source: www.newswire.ca

As mobile, wireless technology transforms the world in every conceivable sphere, financial trading too is steadily making a shift from the online realm to that of mobility as a more effective way of keeping pace with the frenzied activity on the trading floor. With the overriding triumph of smartphones and tablet computers, forex traders can now engage in their trade from anywhere.

The software development company MetaQuotes Software Corp and global financial news publisher International Business Times (IBTimes) have joined hands to offer integrated newswire and trading platform services to retail brokers and traders.

The real time newswire service by IBTimes on forex and global multi-asset class will now be available by default on MetaTrader4 and MetaTrader 5 for brokerage firms that use MetaTrader. The partnership is expected to cut significant costs and optimize the operations of financial institutions offering brokerage services.

The partnership will enhance the capabilities of the MetaTrader platform thus making it a one-stop trading platform solution with a complete set of features required for offering retail brokerage service. The combined package will provide brokerages and financial institutions with a plug-and-play trading platform that will reduce significant overheads for brokers who wish to optimize their platform maintenance, cut down on costs and associated IT works.

Commenting on the partnership, MetaQuotes’ CEO Renat Fatkhullin said: “This joint package will enrich the capabilities of our trading platforms and we are very glad that together with the platform we can offer a high quality newswire feed to our clients. It will remove additional problems for them as they will get a fully operable package at once.

“We believe that the partnership is in mutual interests and is based on long term understanding and cooperation. News feeds in MT4 and MT5 platforms are the first step of this partnership. Through this partnership we will be able to provide better and more efficient services and products to our clients and end users in due course of time.”

Etienne Uzac, CEO of IBTimes commented, “Retail forex trading has seen an explosive growth in the recent years. We believe there is a genuine gap in providing retail traders with highly relevant and easy to understand forex news at an economic pricing. The newswire by IBTimes is currently available in English, Chinese and Korean, with several more languages in the pipeline. For Brokers of commodities, indices, equities and other asset classes we provide our broad ranged multi-asset class newswire.

“Partnering with MetaQuotes has given us the right platform to reach out to several thousands of retail traders worldwide. MetaTrader has been the leader in forex trading platforms and this cooperation will lead to better products and services for both parties.”

The longterm partnership will come into effect from 1st of February, 2011 and was signed by Renat Fatkhullin, CEO of MetaQuotes Corp and Dr Dev Pragad, Global Operations Director of International Business Times.

Source: www.prnewswire.com

Looking for a MetaTrader Broker with a local office in India?

MetaTrader India recomends Alpari Forex (India) Pvt. Ltd. is a company formed under the Indian Companies Act, 1956. 

To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/

Alpari offers Online Trading in Forex via MetaTrader 4 (MT4), one of the world’s most recognised Forex trading platforms for stability and reliability. MT4 is highly regarded and very popular among traders as they enjoy a variety of useful features including Expert Advisors and custom indicators, a complete technical analysis package, professional charting tools and quotes history for back testing.

Alpari MetaTrader 4 Platform

• Fast execution
• Floating leverage up to 1:500
• FSA regulation and FSCS protection of client funds*
• Trade from real-time charts
• Compatibility with MT4 EAs
• Available on a Micro or Classic Account

To find out more and to open an account visit http://www.metatrader.in/metatrader-forex-broker/

Hundreds of thousands of traders worldwide have already judged the MetaTrader 4 Client Terminal on its merits. The use of its embedded programming language, MQL4, lifts traders to a new level of trading – to automated trading. Now, a trader can implement his or her ideas as an application program – write a custom indicator, a script to perform single operations, or create an Expert Advisor – an automated trading system (trading robot).

To view the full article, please visit: http://www.metatraderglobal.com/421/mql4-tutorial-introductory-course/

Download the MQL4 for Dummies textbook