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Mobile MT4 Android/ IoS provides sufficient tools for planning and executing setups
Mobile Meta Trader 4 is excellent for trading execution but analysis has to done using other online mobile tools.
Because of limited computing resources, full-fledged technical analysis is not possible on the tablet and mobile phone platforms.
If you want to use Expert Advisor or engage in automated or semi-automated trading, Mobile platform is not appropriate for it.
Effortless Trading
The trading technique being taught does not need really technical analysis indicators.
The focus is on the price action which requires use of
Trend lines
· to plot mainly in terms of time to see the direction and points where demand and supply is increasing or decreasing
Vertical Lines
· to measure distance of price moves in terms of time
Horizontal Lines
· to draw boundaries, probable zones of demand and supply
· to draw projections of exhaustion points where demand and supply may be changing due to profit-taking happening
Pivot Lines
· to draw horizontal pivot lines as probable lucrative price levels
Fibonacci Retracement
· to draw horizontal lines to plan possible profit taking and reducing risks
Built-in Indicators
. RSI to get an idea of over-bought and over-sold situation
. ATR to assess volatility
. Moving Averages (three trend lines): To have an idea of trend direction
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