Currency Applications on the Android OS

Has anyone found a decent Forex program for the Android Operating system? It doesn't necessarily have to do trading, however I would love to get alerts and/or charting on the go.

For Windows Mobile there is MetaTrader mobile, but that does not exist (yet) on Android...

So far, I've tested:

 

1. Forex by MIU (has a Q-Forex logo) - This is not bad, but very basic - gives you a look at current rates (bid/ask) for 9 pairs, and gives you a very basic chart from yahoo on the 2nd tab.
2. Currency by FXware - Basically just a forex conversion calculator
3. aCurrency by Sam Lu - A good effort, but not exactly what I'm looking for (conversion, and a 5-day chart, but not intraday or longer than 5-days)

aiCurrency looks somewhat interesting, but it's a paid app and i'm hesitant to pay for something i may not like...Of course it's only $1.29 or something, so maybe i'll give it a shot

Anyhow, if anyone has anything for Android that they are currently using, please let me know...Or if I use other apps for forex on android, I'll post them here.

Also, if there are brokers that have an android OS platform available, please let me know.

I was looking for one about 2 month or two ago, the only possible way(as I was told)is to remotely control your home PC . but was never able to find any service for that.
any how if that paid software works let us know, next time we'll take the fall
Jado

www.logmein.com is a good provider for remotely controlling your PC. Works like a charm from another PC or Laptop, but I am having trouble getting it to work on my new Motorola Droid. Will look into settings that I might have messed up and let you know if i get it working.

Still looking for a decent android based currency program and will report back if I find any.

log me in is a very good one, I'v been with them for almost a year. they only support i phones though.
I really doubt that there is any coz that os is not so popular.

You just need to give it time. In the scheme of things is fairly new, but given that it is open-source and will have quite a few phones utilizing it in the future, I think it will become a pretty big platform for developers to write for. MT4's written their program for Windows Mobile, but that platform is losing subscribers left and right - i think their next step will be to write something for the iphone and/or android because that is where all the subscribers are going.

OK, here's my informal product review...

Name: Forex Charts
Developer: Neferty Solutions
Price: €4.99
My Phone: Motorola DROID on Verizon (note, the 2 screen shots are not from my phone, but the program looks identical on my phone)

So this is the first piece of software I bit the bullet and actually paid for! And so far it's been worth the money. I have a few gripes about the software, but they are relatively minor and could be fixed on a later version... Anyway - here is the review.

This is a very simple program, it basically does two things, but it does them well. a) It gives you live quotes on about 30 currency pairs (with some duplication) and b) it gives you live charts on any pair that they cover.

Pairs Covered:
Majors: EUR/USD, EUR/JPY, GBP/USD, USD/CHF, USD/JPY, USD/CAD, AUD/USD (mislabeled as AUS/USD), NZD/USD
Exotics: USD/DKK, USD/NOK, USD/SAR, USD/SEK, USD/SGD, USD/ZAR
YEN Crosses: AUD/JPY, CAD/JPY, CHF/JPY, GBP/JPY. Inexplicably, they also offer JPY/CHF, JPY/EUR, JPY/GBP, and JPY/USD
European Crosses: EUR/CHF, EUR/GBP, EUR/SEK, GBP/EUR (no, not a typo), GBP/CHF, EUR/CHF, and a few others reversed...

All of these pairs show up on the first (and really only) screen. (i still can't figure out the best program for screen shots, so here is one i found on the web).

The front page:

http://media.androidzoom.com/screenshots/6499-2.jpg

You can use your finger to scroll either up or down to see other quotes. If you need further detail, you simply click on the quote you want, and it brings up a chart. Here is an example:


Obviously, this is what the chart looks like when you turn your phone on its side...

As you can see from above, not a bad looking chart, and this you can customize in a few ways. You can modify the Chart type -- Bars, Candles or Lines. You can Modify the length of bars from these options: 1m, 10m, 1H, 1Day, or 1 week. Would love to see 4hr & 30min/15min but this is a good start here. Finally you can choose how many bars to display. My preference is 100 bars, so that works out to about 3months of daily data or almost 2yrs of weekly bars. Not bad indeed for a casual analysis (any real analysis will most likely be done via computer when you get home).

A few things I didn't like. No Alert Settings. I would love to be able to have an alert when the Euro gets above 1.5, or something like that. Alternatively an option to email or vibrate when a condition is met. The other thing i'd like to see in a future edition is the ability to remove pairs you don't care about. Also there is the strange repetition of certain pairs - It's somewhat pointless to have a USD/JPY quote and a JPY/USD quote...

But all that being said, I'm glad i spent the $7.50 (or so) to buy this app, it's a good one and with a few minor tweaks it could be perfect for my needs. It's a bit more than most other apps that cost about $0.99 or $1.99, but worth the cost (IMHO).

Hope that helped anyone looking for a decent android currency app...

unless you are gonna start calling your broker to place orders, this isnt gona do it.
we should start promoting android OS to become popular and that should create an urgency and demand for some one to make the MT4 for it , what do you think

Well I suppose that's always a possibility.

I think Android will promote itself - it's an open source platform so it can be put on any phone. It's a shame that MT4 didn't write their mobile software to be platform agnostic. In anycase, if you have Oanda, their mobile platform still works well thru a standard HTML webpage, so You can use the software I reviewed above as well as a web browser with Oanda loaded. Not perfect, but it gets you by!!

Name: Stock Charter
Developer: Mormota
Price: $1.29 (I think, can't remember exactly what it was)
My Phone: Motorola DROID on Verizon

OK, I finally figured out how to get screen shots from my phone so now I can post what I actually see on my phone (versus my last review which had a couple screen shots lifted from the web)

Anyway, this particular application is only focused on stocks, although there may be a way to include forex if you know the notation from yahoo finance, because I think that is where they are getting all of their data from.

The opening screen is very simple and actually compares pretty closely with the Forex program I reviewed earlier. It just has a watch list where you can add stocks that you care about to it. Here are 3 shots:

http://i437.photobucket.com/albums/q...creenShots.jpg

So as you can see, this is pretty bare bones: Get quotes, add stocks. Simple. When you click on a line, it immediately takes you to a chart. This is fine, but it's also somewhat of a drawback because if you have more stocks than room on the page, you might want to scroll down to see other stocks. Turns out, the only place your finger is safe is on the right side of the screen on the prices themselves. If you drag your finger there, the page scrolls, but if you try to drag your finger on the left side, boom: Stock Chart appears. Not sure if this is a glitch or not.

The Charts themselves look really good, however I think they were designed with a smaller screen size in mind. The droid has a big screen with huge pixel density (852x480 resolution) and it looks like this app won't stretch the data to fit the screen. Whenever you download data, it's only filling up about 80% of the screen. See these attached screen shots:

http://i437.photobucket.com/albums/q...StockShots.jpg

As you can see, from here you have a number of options, Bar/Line/Candle, Daily, Weekly, Monthly charts (sorry folks, no intra-day charting) and it also has a host of indicators. These are: Bollinger Bands, EMA, Envelope, Fast Stochastics, MACD, Momentum, RSI, ROC, Slow Stochastics, SMA, and Volume.

It can display the chart horizontally or vertically. Here is what it looks like vertical (it will automatically adjust the chart based on how your phone is tilted using the built-in accelerometer).

http://i437.photobucket.com/albums/q...artOptions.jpg

So why is this application necessary when Google has a free app... Well, Google has a great app, but it's charts are severely wanting. Take a look:
http://i437.photobucket.com/albums/q...Google-KOL.jpg

So, in summary, this is a pure stock charting app. If you just want quotes, the free Google Finance app will do the trick and it will also integrate news and other data into your quote, however for pure charting, this looks the best.

Comments or request for other reviews more than welcome.

Hi, Thanks for your review. I am very interested in the Droid but I dont have a clear answer on the best way to trade forex on it yet. I have for the past 2-3 years used the Motorola Q to trade and with great satisfaction, aside from the constant battery drain, and small screen, but Ive been looking at all the available options using the Droid. Im wondering if the lag would be inconvenient using RDM (remote desktop mobile) and if I can setup this with out using a 3rd party software like logmein, which I hear slows the process down. My other question is this. Is a web based trading progream the way to go with the Droid? Which is fastest? Which is the easiest on the battery life? Metatrader mobile is fast, sometimes even faster then my desktop and I always have my phone next to me when Im trading, just in case I need to close a trade fast and my computer is acting up.

Any comments or questions welcome

I don't know of any direct way to trade on android. what was suggested on this thread is to get the charts application on android and call your broker to place orders. or you can stick to your win mobil, or carry your laptop with you every where( like me )
the web based platforms are java based, I couldn't view them, any one knows if it can be done for android?

So now there is this: http://metatraderandroid.com/

That looks expensive to me... Neferty Solutions is the same developer that did forexcharts (which is now updated and pretty good, but still no 4H charts...) so I'm guessing its pretty good, but I couldn't justify the cost given that I mostly trade higher timeframes.

Great! Thank You Very Much! This looks like the best thing so far if I want to use Android. I wrote and asked them for more info then was available on the site, and will update this thread when I know more, and if I use it. I believe the Droid phone will become popular and demand it's own thread soon :-)
But without a good mt4 app I will probably stay with the windows mobile smart phones for now.

Ok, so I wrote metatraderandroid and asked these questions,

1. Is this a fast, non lag system in placing orders? I ask, because 3rd party apps like LogMeIn have a certain degree of lag, much slower then the current mt4 mobile I run on my windows mobile6 phone.

2. Can this stay running on my phone all day without major loss of battery power? Mt4 mobile on my current phone drains the battery fast, so looking for a better solution if available.

3. Will this work properly on a VPS? (Virtual Private Server)

4. Can I still run other EAs on a separate chart on either my desktop or VPS to manage trades if I want?

Thanks,

Dan

This is their reply;

1. The system places orders through the Metatrader running on your PC (or VPS). Hence, the speed depends on the speed of your PC's and mobile phone's internet connection. Therefore the order will usually take 10-15 seconds to be placed. You will usually see it in the order list on your phone in less than 1 minute. We are struggling to make the order placement even faster in the next versions.

2. Forex Trader requires internet connection to download the updates and place orders. However it only does so as long as the application is running and is focused. The rest of the time it doesn't spend any resources. Hence we haven't noticed any dramatic power drainage while testing the app.

3. MTAndroid will work flawlessly on a VPS. It is probably even a better idea than running it on a private computer because VPS hosts usually have a faster internet connection: you get the updates and your orders placed much faster.

4. Yes. Just open a second chart of the same currency and attach another EA to it.

Hope that helps!


Roman
Neferty Solutions

Conclusion; Well I'm still concerned about the lag time in placing orders. Windows Mobile places and fills orders instantly, or within a couple seconds usually. This system takes longer however. It would probably work ok for the most part, but not for scalps or fast moving market action. It would probably work just fine with limit orders but I can see running into bad fills with market orders.

Any comments welcome

Would love to read anyone's review of this program if anyone decides to subscribe... Personally, I don't often trade while on-the-go and if I'm really pressed to put on a trade, i can use Oanda's web-based interface, which doesn't have charting, but is pretty decent for getting all your relevant data...

My other question is whether or not this new app is approved by the publishers of MetaTrader4? It certainly looks like a carbon copy of MT for Windows Mobile - I wonder if MetaQuotes software outsourced the coding of this app to Neferty Solutions?

Please post any reviews/screenshots here...

I'm looking for a phone for trading . I'm using some custome indicators . so I don't think windows mobile platforms suit me . I've found an app . plz check this and tell if it's worth buying an andriod phone .
http://store.androidguys.com/product...atrader-Client
tnx

I wouldn't know. They want you to pay $10/mo to use their software. Ridiculous. Don't be misled by the "free" download.

This software is the reason why ForexCharts (also by Neferty Solutions) hasn't been upgraded at all -- they must be putting their development resources into putting together this software. I don't get how the folks at MetaTrader allowed this third party to co-opt their brand, but what do i know...

Also, funny side-note. I looked at the reviews in the Android market and one of them is a 5-star review buy a guy named "Roman". Oddly enough whenever I sent a tech-support question to Neferty about ForexCharts, i would get a response from a guy named Roman. Interesting coincidence.

All I know is ForexCharts needs 4H charts & price alerts and it will be perfect for my needs. What they do with their MetaTrader client, I don't care, because $10/mo is too rich for my blood.

Glad to see that the Android OS can support the development of a platform equipped with a good looking charting feature. This shows that the powerfulness of Android will make it only a matter of time that software developers like Metaquotes will develop their Android version of Metatrader mobile.

Well this one has been long awaited. So I was logging into my Oanda acct and noticed that there was an banner advertisement for their latest Android application. I must say, it's basic, but it does exactly what you'd want it to do... Here is my quick & dirty review (and I've only had the app for about 1hr, so I'm not an expert, but as you'll see, you don't really need much "training" to get the hang of it...).

So the application is extremely straightforward. Right after you give it your username and password, you're greeted by this screen:

http://i437.photobucket.com/albums/q...ng1/Oanda1.jpg

The buttons are pretty self-explanatory: Check Rates, Check on Trades you have, Check on pending Orders, Check Positions, Buy/Sell a given currency. And then general account stuff at the bottom.

Clicking the "Rates" button, brings you here:
http://i437.photobucket.com/albums/q...ng1/Oanda2.jpg

If you click on either the bid or the ask, that will bring up an order ticket. For a picture of that, click here: http://i437.photobucket.com/albums/q...ng1/Oanda3.jpg

Finally, clicking the icon that looks like a few candlestick bars brings up a miniature chart. This is what that looks like:

http://i437.photobucket.com/albums/q...ng1/Oanda4.jpg

And because I can post one more screenshot, here is a shot of the account details section:

http://i437.photobucket.com/albums/q...ng1/Oanda6.jpg

Overall, an excellent first effort on Oanda's part. Certainly better than their webtrader (which really wasn't so bad).

Sweet! I'm on Oanda and I'm into Android so this looks like just the ticket for me!

There is always remote desktop for Android if you don't trade with Oanda.
http://www.xtralogic.com/rdpclient.shtml