Home > Forex > Must-have Forex apps for Android?

Must-have Forex apps for Android?

May 7th, 2010

I took the plunge three weeks ago and got myself a shiny new “smartphone”, a first for me. I’m not a huge Apple fan so I got a HTC Desire with Android 2.1. It is very impressive. Since the first hour I just can’t understand how I managed before. It is very responsive and the screen is very bright and sharp. The browser works great on all the Forex and news sites I frequent regularly, even MyFXBook works great. All in all everything is better than I expected.

There is one thing I kind of miss thou, a mobile edition of MetaTrader. There is one, but it only runs on Windows phones (not even iPhones, weird decision by MetaQuotes if you ask me). There is a third party application at http://metatraderandroid.com/ but it isn’t a full replacement by any means.

My solution for mobile trading have been to setup a special VPS account to log in to with Remote RDP app (available for free in Android Market with limited, but good enough features). In the VPS I have MT4 sessions for all my accounts running. With 2X zoom level steering regular MT4 is quite easy. A problem is that the Remote app keeps showing the virtual keyboard as soon as a text input field is active, it can become quite irritating, but after a while you know when it is going to pop up so you can close it quickly. Using this setup I can check in on my accounts where ever I am and I can open/close trades easily. One bonus also is that I can use all the indicators and EAs available for the regular MetaTrader, something that is not possible on the mobile solutions. The drawback is that the interface isn’t optimized for touchscreen use and that RDP is heavier on your Internet communications (no biggie if your on WLAN or have unlimited 3G data plan).

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MT4 session on VPS accessed via RDP on the HTC Desire

I’ve been looking for some simple chart software to run on the phone, but I haven’t found any good ones. Google have a app called Stocks, but it is only useful for stocks on NYSE and NASDAQ, nothing for international investors or Forex traders. There are numerous apps that are called something with Forex or Currency, but they’re all just simple currency converters. Hardly useful for traders, just tourists. I’ve also been trying to find a app to easily access the Forex Factory calendar (I use it all the time in the browser), but it seems no one else have needed it. I would like it setup as a widget that shows upcoming events and even sounds an alarm on certain select ones.

As for MyFXBook I’ve been looking for a app or widget accessing their information more easily than via the browser, but it seems no one has taken the time to write it yet. There is a API to use so it should be quite straight forward. I’m thinking of giving it a go myself. Would be great to be able to see all my live accounts in one screen I think, with just the most important stuff like balance, free equity and open positions. The problem of course is that the spare time I actually have available for coding is spent on coding EAs :)

If anyone has some other tips I’d be delighted to hear about them. Android Market is huge as it is and I probably have missed some goodies.

Hopefully MetaQuotes will deliver a Android version of MetaTrader 5 this year. If they get it out the door soon…

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Author: admin Tags: ,
  1. Lia
    May 19th, 2010 at 04:50 | #1

    Hello I have found a free app mt4remote.com it looks great, but I can’t figure out my TCP port configuration– but it might be something you can use

  2. May 19th, 2010 at 08:57 | #2

    Ah nice, thank you very much. Seems to be the same design as MetaTraderAndroid, but free. I will check it out. I have really gotten used to logging in to the VPS and maneuvering my regular MT4 sessions there from the device thou.

  3. Jan Zajac
    October 12th, 2010 at 13:55 | #3

    Hi Did somebody figured out the TCP port? I dont know how to set it up.
    I used WM device to trade but android is much much better. Big shame MT4 isn`t for android :(((

    I you could help me thank you

  4. Jozef Cvik
    December 19th, 2010 at 18:16 | #4

    Hello, I would install metatrader to HTC desire but I have a problem with this I download metatrader4.cab file, then I copied CAB file to HTC SD card. I opened FileExplorer find CAB file and click on CAB file but my device didn´t start install metatrader. I hope that you help me with this problem or if it´s possible please write me a process how I´d install metatrader to HTC desire. Thanks for respond

  5. January 10th, 2011 at 15:15 | #5

    Hi Jozef. Sorry for the late reply, I had over 6000 spam comments to sort through.

    There is no MT4 distribution for Android unfortunately. I run MT4 in a VPS and access it via Remote RDP as described above.

    BR Johan Axelsson

  6. January 10th, 2011 at 15:25 | #6

    @Jan Zajac

    Hello Jan. Again, sorry for the late reply, I had over 6000 spam comments to sort through.

    What port are/were you thinking of?

    BR Johan

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