(iphone/ipad) USER GUIDE www.fxbtrading.com 1
CONTENTS Getting started...4 Quotes...6 Depth of market...9 Chart...11 How to trade...13 History...19 2
The world s most popular forex trading platform MetaTrader 5 is now available on iphone and ipad free of charge. With the FXB Trading MetaTrader 5 iphone/ipad application, you can connect to the FXB Trading live and demo servers, so that you can view prices, charts, trade and view the history of your trade operations. Trade Real-time quotes of financial instruments Full set of trade orders, including pending orders Support of all types of trade execution Full trading history Technical Analysis Interactive real-time charts with zoom and scroll options 30 most popular Technical Indicators: Average True Range, Bollinger Bands, Commodity Channel Index, Envelopes, Force Index, MACD, Momentum, Money Flow Index, Moving Average, Moving Average of Oscillator, Relative Strength Index, Standard Deviation, Stochastic Oscillator and Williams Percent Range, etc. 9 timeframes: M1, M5, M15, M30, H1, H4, D1, W1 and MN 3 types of charts: Bar charts, Japanese candlesticks chart and Line charts 3
Easy of use User friendly interface Trade levels and volumes on the chart Offline mode (prices, charts, current trade positions and the entire trading history) Minimum traffic Support for push notifications sent from a desktop platform or by the MQL5. community services; access to the history of notifications. Download the MetaTrader 5 iphone/ipad platform to trade Forex and other financial markets anywhere in the world. Trade on the go with the popular stateof-the-art trading platform. 1. GETTING STARTED To start trading from your mobile device, download the MetaTrader 5 ios application from the FXB Trading website or from the App Store. After installation, run the application by tapping the icon on the desktop. This will open the following window. The application version number is shown at the bottom of the window. 4
Connecting to an account and opening a demo or live account During the first start of the application you will be offered the following options: Start without registration quickly open a demo account without entering personal details. The new account will be instantly opened and connected. Your login and password will be sent to the internal mailbox. Open a personal demo account select this option if you want to open a new demo account. Open a real account request a new real account. Log in to an existing account select this option if you have an existing account. If you already have an existing MT5 account with FXB Trading, choose the trading server by typing FXB Trading - FXBTrading-Live or FXBTrading-Demo. Select the server, enter your account number and password and select sign in. 5
2. QUOTES The tab allows users to view real-time pricing information on financial instruments. To switch to this tab, use the bottom panel of the MetaTrader 5 for iphone/ipad. The following price information is shown here: Name of the financial instrument The ask price The bid price Spread The time of the last quote The lowest ask price for the current day (Low) The highest bid price for the current day (High) 6
List of symbols In order to remove a symbol from the list or change its position, tap To add a new symbol, tap at the top of the window. at the top of the window. Hiding symbols To hide a symbol, go to the edit mode by tapping Modify at the top of the Quotes window. To hide a symbol, select it. Then press the button. Moving symbols To change the symbols display order, enter the symbols list edit mode by tapping modify at the top of the Quotes window. Then tap on the desired symbol, and holding it, drag the symbol to the desired position. Adding symbols To add a new symbol, tap at the top of the Quotes tab. 7
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. 8
Context menu To open the context menu, tap once on any of the symbols. The menu contains the following commands: Trade go to conducting trade operations with the specified symbol. This button is not displayed when not connected to the server. Chart view the chart of the specified symbol. Properties open symbol properties. Statistics open trade statistics of a symbol. Depth of Market open Depth of Market for the symbol, if available. Cancel close the context menu. 3. 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. Depth of Market (DOM) is only available for the symbols traded in the exchange execution mode. Trade operations are sent to an external trading system (stock exchange). To open the Depth of Market window of a financial instrument, click Depth of Market in its context menu in Quotes. Trade 9
Trading activities performed from the Depth of market are directly connected with the peculiarities of the exchange execution of operations in MetaTrader 5 for iphone/ipad. There are two types of trade operations: Market operations buying/selling a financial instrument at the current market price; Trade requests placing various requests (pending orders) to buy/sell a financial instrument at a specified price. 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. 10
4. CHART A chart shows price changes over time. You can apply different built-in indicators to a chart and thus analyze the market. To switch to this tab, use the bottom panel of MetaTrader 5. Chart opening To open a chart of a financial instrument, run the Chart menu command in the Quotes tab. Chart period and symbol The MetaTrader 5 for iphone/ipad allows viewing 9 chart timeframes, from 1 minute (M1) to 1 month (MN). You can switch between timeframes using the top panel of the chart. Tap the button with the current period. This will open a menu, from which you can switch to other timeframes. It is also possible to switch the chart to another financial instrument without opening the Quotes section. Tap on the name of the current symbol and select the required one from the list. 11
One click trading You can quickly perform trading operations straight from the chart. Tap above the chart. This will open a special panel, from which you can instantly send market Buy or Sell orders with the specified volume. 12
5. 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 iphone/ipad 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 bottom panel of the application. Account state The current state of a trade account is shown at the top of the tab: 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. 13
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 (which is displayed as a separate deal in the History tab), and the frozen amount is unblocked. In case commission is charged immediately during execution of a deal, its value is shown in the Commission field of deals in 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. 14
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: Close position/delete order. Modify modify position/modify order. Increase position/place an order at the same symbol. Open a chart of the symbol the open position or placed order. The same commands are available in the context menu of positions and orders. To open the context menu, tap on the trading operation line in the list. Types of orders The MetaTrader 5 mobile (ios) platform allows users to prepare and issue requests for the broker to execute trading operations. In addition, the platform allows to control and manage open positions. For this purpose, several types of trade orders are used. An order is an instruction of a brokerage firm s client to conduct a trade operation. In the terminal, orders are divided into two main types: market and pending. Besides them there are Stop Loss and Take Profit orders. 15
Market orders A market order is a buy or sell order to be executed at the best available current market price. Pending orders A pending order is a type of order to buy or sell a security in future under pre-defined conditions. Types of pending orders: 16
Buy limit a trade request to buy at the Ask price that is equal to or less than that specified in the order. The current price level is higher than the value in the order. Usually this order is placed in anticipation of that the security price, having fallen to a certain level, will increase. Buy stop a trade order to buy at the Ask price equal to or greater than the one specified in the order. The current price level is lower than the value in the order. Usually this order is placed in anticipation of that the security price, having reached a certain level, will keep on increasing. Sell limit a trade order to sell at the Bid price equal to or greater than the one specified in the order. The current price level is lower than the value in the order. Usually this order is placed in anticipation of that the security price, having increased to a certain level, will fall. Sell stop a trade order to sell at the Bid price equal to or less than the one specified in the order. The current price level is higher than the value in the order. Usually this order is placed in anticipation of that the security price, having reached a certain level, will keep on falling. Buy stop limit this type combines the two first types being a stop order for placing Buy Limit. As soon as the future Ask price reaches the stop-level indicated in the order (the Price field), a Buy Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set above the current Ask price, while Stop Limit price is set below the stop level. Sell stop limit this type is a stop order for placing Sell Limit. As soon as the future Bid price reaches the stop-level indicated in the order (the Price field), a Sell Limit order will be placed at the level, specified in Stop Limit price field. A stop level is set below the current Bid price, while Stop Limit price is set above the stop level. 17
Current market state Current price Forecast Order Price the price, reaching which the pending order will be placed Expected growth Expected Fall Take profit The Take profit order is intended for gaining the profit when the security price has reached a certain level. Execution of this order leads to a complete closure of the position. It is always connected to an open position or a pending order. The order can be placed only together with a market or a pending order. This order condition for long positions is checked using the Bid price (the order is always set above the current Bid price), and the Ask price is used for short positions (the order is always set below the current Ask price). Stop loss This order is used for minimizing of losses if the security price has started to move in an unprofitable direction. If the price of the instrument reaches this level, the position is fully closed automatically. Such orders are always associated with an open position or a pending order. The order can be placed only together with a market or a pending order. This order condition for long positions is checked using the Bid price (the order is always set below the current Bid price), and the Ask price is used for short positions (the order is always set above the current Ask price). Types of execution There are four order execution modes in the MetaTrader 5 for iphone/ipad platform: Instant execution In this mode, the order is executed at the price offered to the broker. When sending an order to be executed, the platform sets the current prices in the order. If the broker accepts the prices, the order is executed. If not, the so-called Requote occurs: the broker returns prices, at which the order can be executed. Request execution In this mode, the market order is executed at the price previously received from the broker. Prices for a certain market order are requested from the broker before the order is sent. After the prices have been received, order execution at the given price can be either confirmed or rejected. 18
Market execution In this order execution mode, a broker makes a decision about the order execution price without any additional discussion with the trader. Sending an order in such a mode means advance consent to its execution at this price. Exchange execution In this mode, trade operations conducted in a platform are sent to an external trading system (exchange). Trade operations are executed at the prices of current market offers. Fill policy In addition to common rules of order execution set by a broker, a trade can indicate additional conditions in the Fill policy field of the order placing window: Fill or kill This execution policy means that an order can be executed only in the specified volume. If the necessary amount of a financial instrument is currently unavailable in the market, the order will not be executed. The required volume can be filled by several offers available on the market at the moment. Immediate or cancel In this case a trader agrees to execute a deal with the volume maximally available in the market within that indicated in the order. In case the order cannot be filled completely, the available volume of the order will be filled, and the remaining volume will be canceled. The possibility of using IOC orders is determined on the trade server. Return This policy is only used for market (Buy and Sell), limit and stop limit orders. If filled partially, an order with the remaining volume is not canceled, and is processed further. For market orders, the Return policy is used only in the Exchange Executionmode, while for limit and stop limit ones, it is applied in the Market Execution and Exchange Execution modes. 6. HISTORY On this tab you can view the history of trade operations performed on a trading account. To switch to this tab, use the bottom panel of the application. There are three operation viewing modes: Orders, Deals and Positions. You can switch between them at the top of the tab. 19
Orders By default, only brief information about orders is shown here. The following summary information is displayed at the bottom of the window: the total number of orders, and the number of filled and cancelled orders. Configurations In this tab, you can configure various parameters of the MetaTrader 5 for iphone/ipad. To open the tab, use the bottom panel of the application. The current connected account and its details are displayed at the top, including the server name and the access point. A tap on the line opens a special section, where you can manage all your saved trading accounts. New account open a new account or connect to an existing one. Mailbox view your emails. News view the news. Messages the history of received push notifications. OTP open the one-time password generator. Interface switch the application interface to one of 23 supported languages, without 20
changing the language of your device. Charts go to chart settings. Journal view the logs of the MetaTrader 5 for iphone. About view information about the application and open settings, including security certificates. Accounts This section allows you to manage your trading account. To open the section, tap on the currently connected account in the platform settings. The details of the current connected account are displayed in the upper part, including the account owner s name, the account number, the server name, the current balance, the leverage and account type, i.e. whether it is hedging or netting. Below is a list of all previously used accounts. Information about the owner, server, leverage and the last known balance is also shown for each account. Account Management Each account that is used for connection is saved in the list. In order to connect to the account, tap on its line. To open a new account or to connect using a previously opened account tap on. To remove an account from the list, swipe its line from right to left. Then tap Delete. 21
Messages The MetaTrader 5 for iphone/ipad 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. Message Categories All messages, including push notifications from the desktop platform and correspondence with MQL5.community users, appear as chats. You can easily distinguish between them by appropriate avatars. 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. Broker a message from your broker. Terminal push notifications sent from the desktop platform. Community messages from MQL5.community services: new comments in Freelance, change in status of your publications in Code base, Market and Signals, announcements of new publications, etc. Virtual hosting virtual hosting notifications: renting and cancelling, platform update on the virtual server, and more. Other other messages. You can find a message in the history by using the search bar. Drag the list of charts downwards and type the text. 22
Mail This section allows you to work with the MetaTrader 5 internal mail system. All mails sent by a brokerage company are displayed here. Also, you can send an email to the company s administrator via this section. The email subject, the sender s name and a date are displayed in the list of mails. To view an email, tap on it. 23
News event In this section, you can work with news received in the mobile platform. The list displays news headers, categories (for example, MQL5 Articles English), as well as arrival time. Tap the news header to view it. The headers of unread news in the list are displayed in bold. 24