ForexTeam FAQ

  1. I do not know anything about forex market. How do I use ForexTeam mobile application?

The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. This includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of volume of trading, it is by far the largest market in the world, followed by the Credit market.
According to the Bank for International Settlements, as of April 2016, average daily turnover in global foreign exchange markets is estimated at $5.09 trillion
For more information, click here

Everyone can use mobile application ForexTeam as a professional online forex and shares expert. This application provides improved trading solutions / trading signals for buying and selling currencies or stocks. Our trading system comprehensively analyzes the prices of currencies and shares and after that provides “filtered trading signals” to mobile application in menu “Active signals”.

From mobile application user can:

1. copy trading signals automatically to user’s Metatrader 4
2. copy trading signals manually to user’s Metatrader 4
3. use our trading signals as professional advise for user’s financial operations

  1. What is Metatrader 4 and where I can find this software?

Metatrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.
Metatrader 4 is licensed to foreign exchange brokers who provide the software to their clients.
Please, contact your forex broker and ask how can you download and install this software in your computer.

  1. I would like to copy trading signals automatically to my Metatrader 4. What should I do?If you have trading account opened by forex broker and you have installed and logged in Metatrader 4 in your computer, then follow the steps, described in paragraphs 4-5.
    Click here to see all instructions about installation of ForexTeam client-adviser in Metatrader4.If you do not have trading account registered by forex broker, then you should:1. find forex broker that offers trading with software Metatrader 4 and open real / demo account
    2. fund your real trading account by broker or use your demo account
    3. download and install Metatrader 4 in your computer and login to it
    4. download and install our ForexTeam client-adviser at any chart in Metatrader 4 (eurusd or usdcad etc.)
    5. in settings of mobile application ForexTeam set option ” Copy signals automatically” and save it.If you’ve done everything correct, you will get automatically every trading signal to your trading platform Metatrader 4.Finally, it means that you have passive income and more free time for your family and friends.

There are some important conditions to follow:

1. metatrader 4 must always be active in your computer and the computer must be always ON
2. must be continuous internet connection between mobile application ForexTeam and Metatrader 4 in your computer.
If you have any questions, please contact our ForexTeam customer service.

  1. Which trading signals provides mobile application ForexTeam?

Our mobile application provides trading signals on major forex currency pairs (EURUSD, GBPUSD, USDCAD, AUDUSD), on European and American shares and indices (S & P500, DJI, DAX, FTSE100, SMI).

Our trading system generates signals, that will be shown immediately in menu “Active signals”.

  1. Menu “Active signals” in mobile application. Which information will be displayed in this menu?

In menu “Active signals” will be displayed “filtered” trading signals, that have passed a comprehensive financial analysis in our trading system. Those signal goes through the following steps:

  1. after comprehensive financial analysis our trading system generates buy / sell signal for chosen financial asset
  2. according this trading signal, our ForexTeam trader open trading position in Metatrader 4
  3. trading signal appears immediately in mobile application in menu “Active signals”
  4. user will see a new trading signal in menu “Active signals” and he can copy the signal to his Metatrader 4, either automatically or manually, confirming his actions in a dialog box.
  1. Menu “Closed signals” in mobile application. Which information will be displayed in this menu?In menu “Closed signals” will be displayed results of our trades (shown in pips), based on generated trading signals.
    After closing trading positions in our Metatrader 4, trading signal comes from menu “Active signals” to menu “Closed signals”. Trading result will be displayed in points (pips) in form of profit or loss for each trading signal.
  1. What information will be displayed to each trading signal in menu “Details”?

Clicking on any trading signal in menu “Active signals” you will get new page with detailed information to chosen trading signal.

1) icon “arrow up / down” explains you which probability has chosen trading signal in designated direction: HIGH, MEDIUM or LOW probability.
2) SHARE – clicking “SHARE” you will be able to share information about trading signal to others
3) COPY NOW – pressing “COPY NOW” you can copy trading signal automatically or manually in your Metatrader 4.

  1. Which actions can be performed in menu “Manage metatrader acc”?

In menu “Manage metatrader acc” will be displayed information about opened trading positions in user’s Metatrader 4, which have been opened manually or automatically, based on our generated trading signals and provided in mobile application.

From mobile application user can remotely manage opened trading positions in Metatrader 4, based on our trading signals:

1. close any trading position in Metatrader 4, fixing profit / loss
2. change the value of parameters SL (stop loss) and TP (take profit)  (in new version)
3. remotely have visual control for trading positions in Metatrader 4

If user in mobile application settings set option “Copy signals automatically” our ForexTeam will be able to close and change parameters SL and TP for open positions in Metatrader.

  1. Which actions can be performed in menu “Current quotes”?

In menu “Current quotes” will be displayed live quotes for financial assets: currencies, shares and indices. Here you can find any financial instrument, using search tool.
From mobile app user can open remotely trading position in Metatrader 4, selecting interesting financial asset on the market.
If selected financial asset is already in menu “Active signals” than user can manually copy signal and open trading position at current market price in Metatrader 4.

  1. Which Metatrader software I can use with ForexTeam mobile application?For correct work / data transport between mobile application and Metatrader software you have to download, install and use in your computer Metatrader 4.There are some important conditions to follow:
    1. metatrader 4 must always be active in your computer and the computer must be always ON
    2. must be continuous internet connection between mobile application ForexTeam and Metatrader 4 in your computer.
    3. our adviser-program must be presented on trading cart in Metatrader 4If all these conditions are met, our mobile app ForexTeam will be your reliable, financial consultant.
    If you have questions, please contact our ForexTeam customer support.
  1. I trade forex, using web terminal platform (I do not have Metatrader 4), but want to use mobile app ForexTeam option “Copy signals automatically”. What should I do?You have to contact our ForexTeam customer support and we will find the best solution for your case.
  1. Set parameter “default trading lot” in settings of mobile application. How can I work with option “copy signals automatically”?

You should understand, that automated trading signals copy from mobile application to user’s Metatrader 4 means:

The trading signal will be copied from mobile app to user’s Metatrader 4, opening  real trading position for financial asset in user’s Metatrader 4.

In Settings, under “Metatrader default trading lot” you can:

1. Set default / standard value for each trading lot, which will be copied in Metatrader 4. For example, standard trading lot for each trading position = 0.1 or mini lot = 0.03, leverage = 1: 100. Value of standart lot depends on user’s trading deposit and money management policy.

Example, if user set in mobile app the value of standard trading lot = 0.1 (leverage = 1: 100) and our trading system generated a trading signal, based on this signal our ForexTeam trader has opened in his Metatrader 4 position with trading lot = 3 (leverage = 1: 100). If user chosen option “Copy signals automatically”  than this trading signal will be copied from mobile application to user’s Metatrader 4 and will be opened trading position with trading lot = 0.1 in user’s Metatrader 4, because in user’s settings set default trading lot = 0.1

For every further trading signal will be opened trading position with trading lot = 0.1 (leverage 1:100).
This is a handy tool for liquidity management on user’s trading account.

  1. How can I install ForexTeam adviser-program in Metatrader 4 in my computer?1. download ForexTeam advisor-client on your computer and save it in Metatrader 4 folder “Experts”
    2. login to Metatrader 4 and open there chart with financial asset (eurusd or gbpusd)
    3. drag ForexTeam adviser-client to chart in Metatrader 4 and after that our adviser-client will be ready to connect with mobile application.

There are some important conditions to follow:

1. metatrader 4 must always be active in your computer and the computer must be always ON
2. must be continuous internet connection between mobile application ForexTeam and Metatrader 4 in your computer.
3. our adviser-program must be presented on trading carts in Metatrader 4

Click here to see all instructions about installation of ForexTeam client-adviser in Metatrader4.

  1. I did not find answer to my question…

In this case, please contact our support team. We will help you!

15. Where I can download ForexTeam for my mobile phone?

ForexTeam is available for Android and iOS / iPhone. Please click banners below:

forexteam app in google play

forexteam app in app store