Update of MT5 app for Android (improved security and analytical tools)

MetaQuotes Software announced today the release of an update (build 1164) of the mobile MetaTrader 5 app for Android.

Traders who use technical analysis will probably appreciate the improvements. 24 new objects of analysis were added to the 30 already existing indicators. Trend lines, channels, Elliott Waves, Fibonacci retracements and Gann's tools and geometric forms are now available to traders via the mobile application.

Security has also been improved thanks to the OTP (One Time Password) system. Two-factor authentication increases the security of trading accounts. Now, a verification code is required in addition to the login and password to connect to a desktop or tablet trading terminal. The generated code is tied to a particular device and changes every 30 seconds, so that nobody can access the traders' accounts.