Metatrader 4 not enough money
It will check how much free margin will be available after opening a position with the volume = volume in a given direction = direction.
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Ordersend error 134 (no enough money)
Sometimes, especially during backtesting or in case of a badly designed expert advisor, the ordersend error 134 (or ERR_NOT_ENOUGH_MONEY) appears in the journal log of your metatrader platform. In MT5 this error is called TRADE_RETCODE_NO_MONEY and has a code 10019. The reason for this error is the same for both versions of the platform — lack of free margin to execute the ordersend function for the given position volume. The methods to solve this error are quite different (we won’t discuss the method, which is to deposit more funds to your trading account).
In metatrader 4, you have to code your EA to perform the following check before executing ordersend():
If (accountfreemargincheck(symbol(), direction, volume) > 0)
It will check how much free margin will be available after opening a position with the volume = volume in a given direction = direction. But comparing it with 0 isn’t a very good solution. One should pay attention to the broker’s level to consider the margin requirements:
If (((accountstopoutmode() == 1) && (accountfreemargincheck(symbol(), direction, volume) > accountstopoutlevel())) || ((accountstopoutmode() == 0) && ((accountequity() / (accountequity() - accountfreemargincheck(symbol(), direction, volume)) * 100) > accountstopoutlevel())))
This way we check the way your broker applies (absolute or relative level) and check if we’ll have enough margin after our next trade.
For metatrader 5 this condition would look like this (replace SYMBOL_MARGIN_LONG with SYMBOL_MARGIN_SHORT if you want to check margin before opening a short position):
If (((accountinfointeger(ACCOUNT_MARGIN_SO_MODE) == ACCOUNT_STOPOUT_MODE_MONEY) && (accountinfodouble(ACCOUNT_FREEMARGIN) - symbolinfodouble(symbol(), SYMBOL_MARGIN_INITIAL) * lots * symbolinfodouble(symbol(), SYMBOL_MARGIN_LONG) > accountinfodouble(ACCOUNT_MARGIN_SO_SO))) || ((accountinfointeger(ACCOUNT_MARGIN_SO_MODE) == ACCOUNT_STOPOUT_MODE_PERCENT) && ((accountinfodouble(ACCOUNT_EQUITY)/(accountinfodouble(ACCOUNT_EQUITY) - (accountinfodouble(ACCOUNT_FREEMARGIN) - symbolinfodouble(symbol(), SYMBOL_MARGIN_INITIAL) * lots * symbolinfodouble(symbol(), SYMBOL_MARGIN_LONG))) * 100 > accountinfodouble(ACCOUNT_MARGIN_SO_SO))))
It is quite complex compared to the MT4 version but it checks the same condition.
Registering with a forex broker that offers a lower level is also a good option :-).
Update 2016-11-01: thanks to alexander wait’s comment, I have corrected the formulas for account margin check.
If you have any thoughts, comments, or questions regarding metatrader ordersend error 134 or return code 10019 in MT5 and the ways to treat it, feel free to reply to this post using the form below.
Forex blog
First-hand forex trading experience and information about foreign exchange market that will be useful to traders
Archives
Ordersend error 134 (no enough money)
Sometimes, especially during backtesting or in case of a badly designed expert advisor, the ordersend error 134 (or ERR_NOT_ENOUGH_MONEY) appears in the journal log of your metatrader platform. In MT5 this error is called TRADE_RETCODE_NO_MONEY and has a code 10019. The reason for this error is the same for both versions of the platform — lack of free margin to execute the ordersend function for the given position volume. The methods to solve this error are quite different (we won’t discuss the method, which is to deposit more funds to your trading account).
In metatrader 4, you have to code your EA to perform the following check before executing ordersend():
If (accountfreemargincheck(symbol(), direction, volume) > 0)
It will check how much free margin will be available after opening a position with the volume = volume in a given direction = direction. But comparing it with 0 isn’t a very good solution. One should pay attention to the broker’s level to consider the margin requirements:
If (((accountstopoutmode() == 1) && (accountfreemargincheck(symbol(), direction, volume) > accountstopoutlevel())) || ((accountstopoutmode() == 0) && ((accountequity() / (accountequity() - accountfreemargincheck(symbol(), direction, volume)) * 100) > accountstopoutlevel())))
This way we check the way your broker applies (absolute or relative level) and check if we’ll have enough margin after our next trade.
For metatrader 5 this condition would look like this (replace SYMBOL_MARGIN_LONG with SYMBOL_MARGIN_SHORT if you want to check margin before opening a short position):
If (((accountinfointeger(ACCOUNT_MARGIN_SO_MODE) == ACCOUNT_STOPOUT_MODE_MONEY) && (accountinfodouble(ACCOUNT_FREEMARGIN) - symbolinfodouble(symbol(), SYMBOL_MARGIN_INITIAL) * lots * symbolinfodouble(symbol(), SYMBOL_MARGIN_LONG) > accountinfodouble(ACCOUNT_MARGIN_SO_SO))) || ((accountinfointeger(ACCOUNT_MARGIN_SO_MODE) == ACCOUNT_STOPOUT_MODE_PERCENT) && ((accountinfodouble(ACCOUNT_EQUITY)/(accountinfodouble(ACCOUNT_EQUITY) - (accountinfodouble(ACCOUNT_FREEMARGIN) - symbolinfodouble(symbol(), SYMBOL_MARGIN_INITIAL) * lots * symbolinfodouble(symbol(), SYMBOL_MARGIN_LONG))) * 100 > accountinfodouble(ACCOUNT_MARGIN_SO_SO))))
It is quite complex compared to the MT4 version but it checks the same condition.
Registering with a forex broker that offers a lower level is also a good option :-).
Update 2016-11-01: thanks to alexander wait’s comment, I have corrected the formulas for account margin check.
If you have any thoughts, comments, or questions regarding metatrader ordersend error 134 or return code 10019 in MT5 and the ways to treat it, feel free to reply to this post using the form below.
How to fix MT4 common error?
What is a common error in MT4?
Occasionally, errors in the MT4 platform may be noticed. One of the most frequent errors is off quotes MT4 error. Most often, we can see “common error” (error number 2) in the metatrader platform.
An MT4 common error in the lower-left corner of the metatrader platform is a signal error indicating that there is a connection problem (slow internet connection or no connection) between the metatrader platform and the server account.
How to fix MT4 common error on desktop and MT4 common error ios:
1) check the internet connection. There can be a problem with wi-fi or cable internet or some anti-virus software for some time. Any internet security programs block the internet connection of metatrader and the online server. “common error” and “off quotes” in MT4 are the most common errors.
2) enter the username, password, and IP server address when you log in to metatrader. If the internet connection is fine, then the problem is login parameters. If username and password are OK, very often, the problem is the server IP address.
Inter to pick “real 1” or “demo” server, you need to put full IP address (hotforex IP addresses example ).
See our youtube video about mt4 common error and our instructions:
How to login
Step 1: open your metatrader 4 terminal.
Step 2: click on the file at the top left corner of the platform.
Step 3: select login.
Step 4: enter your login details.
Step 5: enter the IP address (ask your broker for IP if you do not know) in the ‘server’ field.
Step 6: click login.
If you do not have an IP address, ask broker support to give you. Just ask them, for example: “what is IP for live 4 server? Then, they will help you.
This is something that we can often see when we have a problem logging in to the metatrader account.
Common error mt4 we can see on desktop computers and common error mt4 app problem on mobile phones. The solution is the same. The user needs to check the internet connection, username, password, or IP and then connect without error.
How to fix the MT4 common error message if login details and server IP are correct?
In the case log in details are correct common error can be fixed in this way:
- Close all charts in metatrader and close the platform.
- Restart the PC and then check do you have an excellent internet connection (for example, speed-test by ookla and check internet connection quality using packet loss test).
- Disable the antivirus program in a few minutes to check the metatrader platform, in case the antivirus blocks metatrader software.
- Run the metatrader platform and try to log in.
- If it doesn’t work again, try to create a new demo account and to log in. If you succeed, then the problem is the login parameter.
- Ask for help from your broker and ask again for server IP. Sometimes, different server IP will solve the problem.
Metatrader 4 not responding
except for “common problem,” there are a lot of MT4 errors.
Please see the list of the most common errors in the metatrader platform:
Metatrader 4 (MT4)
Metatrader 4 (MT4) is an online trading platform best-known for speculating on the forex market. Available for download on mac, windows, and mobile apps, it’s offered by most brokers in 2021. Here we’ll explain how to trade on the MT4 system, as well as running through expert advisors (eas), demo accounts, tutorials, and support.
- History
- How to open a metatrader 4 account
- System requirements
- Setting up
- How to trade
- The basics
- Monitoring & closing positions
- Charts
- Indicators & add-ons
- Expert advisors
- Mobile apps
- Demo accounts
- Support
- Metatrader 4 vs metatrader 5
- Analysis
- Automated trading
- Trading orders
- Verdict
- Forex brokers that use metatrader 4
- Conclusion
- FAQ
- How do I download metatrader 4 on mac?
- How do I use the metatrader 4 app?
- Is metatrader 4 a legitimate platform?
- How does metatrader 4 work?
- Is metatrader 4 free?
- Is metatrader 4 safe?
- Is metatrader 4 a broker?
History
Metaquotes software, the developers behind metatrader 4 (MT4), released the platform in 2002. It’s since undergone a number of iterations, with the 2005 version giving it real traction in the online trading community. It’s now so popular brokers offer the platform as an alternative to their proprietary software.
Today the MT4 platform isn’t just popular among forex traders. The software is used for trading futures, cfds, stocks, commodities, and cryptocurrencies, including bitcoin (BTC) and ripple (XRP).
How to open a metatrader 4 account
Getting started on MT4 is straightforward. You can download a zip file with the platform from the metatrader 4 website free-of-charge. You can also download the platform from an online broker when you register for a real or demo account.
System requirements
MT4 works on macos and linux. The software is also compatible with windows 7, 8, and 10 on 32-bit and 64-bit processors. Alternatively, you can trade directly through a web browser on your macbook or chromebook, for example.
Setting up
Once you’ve downloaded the free platform, register for a new account and sign in with your login credentials. You can then personalize the metatrader 4 platform, from chart set-ups to choosing between the light and dark mode.
Details of trading costs, commissions and spreads are normally highlighted when you sign up. Some new users are surprised to see swap fees charged against their account each day. For those asking ‘what is a swap?’, it’s interest charged or received at the end of each trading day, based on your position.
Head to the terminal to view your account balance and margin levels. If you don’t have enough funds to meet a leverage requirement, a ‘not enough money’ error will appear when you place a trade.
When it comes to how to deposit and withdraw funds, simply select ‘deposit’ or ‘withdraw’ from your account area. Then choose from the payment options available. Payment charges vary between brokers, but there is normally a free option. Deposit and withdrawal payment times depend on the broker and method selected.
How to trade
We’ve looked at how to create a MT4 account, but how do you use the platform to trade?
The basics
To make a trade, select ‘tools’ and then ‘new order’. This will take you to the order window. Alternatively, use the keyboard shortcut F9. The order window can appear intimidating, but the components are straightforward:
- Symbol – here you can choose between markets, for example, forex, gold, or stock indices, such as the S&P 500
- Volume – decide on your trade size – how many lots or cfds do you want to trade? Note, 1 lot is equal to 100,000 units of the base currency
- Type – choose ‘instant execution’ to place a trade as soon as you hit ‘buy’ or ‘sell’. Alternatively, opt for ‘pending order’ to select the point at which a trade is opened
- Stop-loss – this risk management tool will limit the size of losses, automatically tracking pips and closing out trades when they reach a set level
- Take-profit – this does the same for profits, meaning trades are automatically exited when profits hit a certain point
- Comment – here you can leave trade commentary, which you may want to add to your trading journal, for example
- Slippage – you can limit slippage through the ‘deviation’ setting
Monitoring & closing positions
Head to the MT4 terminal by selecting ‘view’ and then ‘terminal’. Now click ‘trade’. From here, you can exit a position by selecting the ‘x’ to the right of the profit column. You can also modify stops and limits by right-clicking on the position or pending order you’d like to change, and selecting ‘modify’.
Charts
To draw on charts, select the object you’d like from the toolbar and click on the chart. To amend the timeframe on a price chart, right-click on the chart and hit ‘timeframe’. You can then choose from the drop-down menu:
- M1 (1 minute)
- M5 (5 minute)
- M10 (10 minute)
- M15 (15 minute)
- M30 (30 minute)
- H1 (1 hour)
- H4 (4 hour)
- D1 (1 day)
- MN (1 month)
Note, you are not limited to the 9 standard timeframes. Custom timeframes, for example, 2 minutes and 8 hours, can also be added.
Indicators & add-ons
On top of the 30 built-in technical indicators, there are thousands of additional chart indicators that can be downloaded from metatrader’s code base and market. The elliot wave indicator, bollinger bands, and pivot points are just a few examples.
Third-party add-ons allow traders to start programming the metatrader 4 platform to suit their trading style. Stealth orders and alarm manager are two popular examples. Stealth orders anonymises trades while alarm manager provides a window to coordinate alerts and notifications. You can also use java API to build extensions onto the metatrader 4 platform.
Learning how to trade off the metatrader 4 platform can feel daunting to start with, but the trick is practice. For further day trading guidance, including strategies, see here.
Expert advisors
One of the main draws of the metatrader 4 platform is its automated trading functionality. Robots, also known as expert advisors (eas), analyse FX price quotes, for example, and take positions based on pre-determined algorithms.
Trading bots with guides can be downloaded for free from code base. Alternatively, they can be rented or bought from the market, or freelance developers. Tech-savvy traders can also build robots on the metatrader 4 platform with integration through raspberry pi 3 and python. Virtual hosting through metatrader 4 VPS also lets you run trading bots 24/7.
Mobile apps
The metatrader 4 app lets you maintain complete trading control from your phone, without compromising on functionality. Mobile traders will find three types of charts, 9 timeframes, 30 technical indicators, market news, plus a chat box to interact with other traders.
For android users, the MT4 APK file is available to download from the google play store. The MT4 mobile app is also compatible with iphones, ipads, and some windows devices, including windows phone 8.1. ‘how to install’ guides and tutorials with download instructions can be found on the respective app stores.
Demo accounts
The metatrader 4 demo account is an excellent way to try trading the XAU/USD pair, for example, before risking real money. The functionality is very similar to that of a real live account, except you use virtual money. The login process is the same, you can still access historical data and indicators, plus copy trading is available through signals. Expert advisors can also be used on demo accounts.
When it comes to how to open a metatrader 4 demo account, simply select demo from the new account options.
Support
For problems using metatrader 4, customer support is available. The help section is a good place to start if you want the basics explained, including keyboard shortcuts. For specific questions or if you want to speak to a manager, head to the contact us page.
Online pdfs and training courses that users have put together are also helpful. In fact, the metatrader 4 online community is extensive. You’ll find help on everything from trailing stops and negative balance protection to tips on how to make money on your account during weekend trading hours. The online community is also a good place to go for advice on the plugins you must have.
Head to the technical support centre for help with any of the following:
- The platform keeps saying ‘invalid account’
- Cannot place new orders / no trade option
- The platform keeps freezing and crashing – not working, loading, updating or responding
Note, glitches or problems with the platform going down can be a result of outdated software. In the platform, you can check to see if it’s waiting for an update to be installed. Alternatively, if your laptop has frozen, a trusty old restart can often solve the issue.
Metatrader 4 vs metatrader 5
Metatrader 4 came out in 2005, offering a straightforward platform, predominately for online forex trading. The aim of the metatrader 5 system, released in 2010, was to give traders a powerful and comprehensive multi-asset platform. How then, do they both compare and what are the differences?
Analysis
Both metatrader 4 and 5 allow for customisation, mobile trading, and automated trading. However, when it comes to analysis, the MT5 system has 38 technical indicators while the MT4 server has 30, although both contain popular EMA, b-clock and zigzag indicators. The MT5 platform offers 21 timeframes vs MT4’s nine. Additionally, the MT5 software has more drawing tools than its predecessor, including a more advanced elliot wave indicator. Overall, metatrader 5 wins on analytics.
Automated trading
When it comes to automated trading, both are excellent choices. But key differences are that MQL5 is thought to be easier to use than MQL4 and MQL4 works on an order system while MQL5 follows a positional system.
Trading orders
In terms of trading and orders, both offer similar execution models. But when it comes to pending orders, MT 4 has four order types to MT5’s six. Both MT4 and MT5 traders can use multiterminal to manage multiple trading accounts.
Verdict
So should you use MT4 or MT5? For beginners or those primarily interested in forex, metatrader 4 is the obvious choice. Traders wanting additional, sophisticated tools may prefer the metatrader 5 platform. Overall though, the MT4 system will meet the needs of most traders and remains the most popular choice.
Forex brokers that use metatrader 4
As our brokers list below shows, most large legitimate providers offer MT4, particularly in established forex markets, such as the UK, africa, USA, and europe.
- Admiral markets
- IC markets
- Zulutrade
- Avatrade
- Oanda
- FXCM
- Fxpro
- XM
- IG
- Hotforex
- Grandcapital
Note, reviews do flag that some brokers offer wider spreads on MT4 than on their primary platform.
For further guidance on choosing day trading brokers, see here.
Conclusion
Metatrader 4 is the most popular online retail trading platform. The software is accessible via a download or through a web browser. It promises a wealth of tools to assist technical analysis while making automated trading readily accessible. It’s unsurprising then that MT4 regularly tops user reviews, meeting the needs of both the beginner and advanced trader.
How do I download metatrader 4 on mac?
Download the MT4 file from the metaquotes website or your broker. Once downloaded, open the zip file and drag the app to applications. Next right-click the metatrader 4 application and click ‘open’. You will then be taken to the login page.
How do I use the metatrader 4 app?
To use metatrader 4 on a mobile device, download the app from the respective app store. Then register or sign-in on the login page. Once in, navigate to the order window to enter and exit positions. From the main terminal page, you can open charts and tools to conduct technical analysis. Deposits and withdrawals can be made from the account area.
Is metatrader 4 a legitimate platform?
Yes – metatrader 4 is a legitimate online trading platform. It is one of the most popular and well-regarded retail platforms in the world, particularly for forex trading.
How does metatrader 4 work?
Metatrader 4 facilitates access to financial markets through its online trading platform. The platform is split between a client and a server module. The server component is licensed to brokers while the client portal is used by the broker’s clients.
Is metatrader 4 free?
Metatrader 4 is free to download and use. However, some brokers do offer wider spreads on MT4 than on their proprietary platform.
Is metatrader 4 safe?
Whilst metatrader 4 is considered a relatively safe and secure platform, trading itself is risky. To ensure you only lose what you can afford, use metatrader 4’s risk management alerts and tools.
Is metatrader 4 a broker?
Metatrader 4 is not a broker. It is an electronic trading platform licensed to online brokers. The brokers then offer the platform to their traders.
Metatrader 5 (MT5) facilitates online trading in forex, stocks, and futures. Rich analysis tools and indicators make it an excellent read more
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Vincent nyagaka is a professional trader, analyst &. He has been actively engaged in market analysis for the past 7 years. He has a monthly readership of 100,000+ traders and has taught over 1,000 students since 2014. Vincent is also an experienced instructor and public speaker. Checkout vincent’s professional trading course here.
Metatrader 4 not enough money
The MT4 terminal is a platform for trading forex, analyzing financial markets and using automated trading plug-ins. The advanced systems allows you as a trader to utilize strategies of any complexity. OTC, pending orders, instant execution, trading from a chart, stop/limit orders and a tick chart, as well as many other useful features are all at your disposal – 24 hours a day.
Trading signals and copy trading
Not enough for trading? No problem. Metatrader 4 can automatically copy deals of other traders. Select your provider, subscribe to a signal and let your terminal copy the trades for you! Thousands of free and paid signal sources with various strategies and risk levels working on both demo and real accounts are available directly in the terminal.
Algorithmic trading
Almost any trading strategy can be compiled to a formula and implemented within the “expert advisor” feature of the MT4 terminal. Through a customized configuration a robot can control both trading and analytics according to your orders, making trading as little time consuming as possible.
INFORMATION
PLATFORMS
Payment methods
Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please read LFS’s risk warnings and disclosures.
Basel capital markets is a brand name of leverate financial services ltd, a registered cyprus limited company with company registration number HE 290182 and its registered office at 88 agias fylaxeos street, zavos city centre, 4th floor, office 401, 3025, limassol, cyprus.
Leverate financial services ltd is a cyprus investment firm (CIF) licensed and supervised by the cyprus security and exchange commission (cysec) under license number 160/11 (the “company”). The company operates in accordance with the european union directive 2014/65/EU on markets in financial instruments (mifid II).
Leverate financial services ltd currently provides its services on a cross-border basis, within EEA states (except belgium) under the mifid passporting regime, and in selected third countries. Leverate financial services ltd does not provide its services to residents or nationals of the united states. For further information in regards to restricted jurisdictions, please refer to our terms & conditions.
Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please read LFS’s risk warnings and disclosures | cookies policy
Money management metatrader 4 forex robot
The money management metatrader 4 forex robot is an expert advisor that triggers buy/sell signal alerts using a money management strategy as its building block.
In essence, the forex robot uses a set of logic that is dependent on money management techniques.
It therefore relies on the effective manipulation of position sizes on varying trades to ensure an overall profit.
The expert advisor guarantees the modest and steady growth of position sizes alongside equity growth.
However, the money management EA has a default maximum lot (maxlot) size value of 10, whereby positions can increase to.
Free download
Strategy tester report
Find below the money management robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Overall performance
The EA made a total profit of $8866630.79 from a total of 546 trades. The largest winning trade generated $16800.00 in profits while the largest losing trade generated a loss of-$1258.69.
Statistics:
Bars in test: 16752 ticks modelled
Initial deposit: $10000.00
Total net profit: $8866630.79
Largest profit trade: $16800.00
Largest loss trade: -$1258.69
Download
MT4 forex robot characteristics
Input parameters: usemm, risk, lot, maxlot, minsignsum, printsums, timeclose, barsnumber, takeprofit, stoploss, magic
Time frames: 1-minute, 5-minutes, 15-minutes, 30-minutes, 1-hour, 4-hours, 1-day, 1-week, 1-month
Installation
Copy and paste the tester_v0_15_.Mq4 into the MQL4 experts folder of the metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > open data folder > MQL4 > experts (paste here)
Metatrader 4 FAQ
1. MT4 displays an "invalid account" error. What should I do?
- You may have entered an incorrect login (account number) or an incorrect password for your trading account. If you forgot your password, please check the e-mail that was provided during your registration with the trader's room; look for a message from admiral markets that was sent confirming your registration – your login details would have been included in this e-mail. Please note that passwords are case sensitive, please ensure your password is entered correctly and includes any symbols and uppercase / lowercase letters. Copy-pasting the pasword is usually the easiest thing to do.
- For demo accounts the server name must be "admiralmarkets-demo2" for trade.MT4 type accounts, "admiralmarkets-demo1" for zero.MT4 type accounts. For real accounts the server name must be "admiralmarkets-live2" for trade.MT4 type accounts and "admiralmarkets-live3" for zero.MT4 type accounts. You can switch the servers by selecting them from the drop down menu. If you hold a legacy admiral.Classic account, live server for it is "admiralmarkets-live1" and demo is "admiralmarkets-demo1".
- Please note that the login for metatrader 4 is the trading account number for your admiral.Classic or trade.MT4 account. In order to trade you will need to use the trader's password that you received when you opened your account, as apposed to the investors password, which allows viewing only. Be sure that your login and password do not contain any spaces or gaps before after them.
2. MT4 displays an "account is disabled" error. What should I do?
This means that your real account hasn't been activated yet. In order to activate your account for trading, a required minimum sum should be deposited to it . See account types for minimum deposit details. Demo accounts do not require activation. Contest accounts are activated automatically at the beginning of the contest.
3. MT4 cannot connect to my trading account ("no connection" error). What should I do?
- Please check your internet connection, there may be a problem with your internet service provider (ISP). Try to surf web pages which are hosted in various countries around the world. If some pages cannot be opened, contact your ISP's technical support.
- Try to disable or reconfigure your antivirus and/or firewall software that is installed on your computer, it may be blocking some internet connections from MT4. The internet communication ports 443 and 444 should be opened and available to the terminal.Exe application. If opening these ports doesn't help, you can try to completely disable the firewall/antivirus and restart your PC.
- If you are trading from your work PC, the connection to the internet may pass through a proxy-server. Please ask your system administrator to provide you with the proxy server's details such as IP address, type of proxy and port. You should then enter this data into your metatrader 4 terminal ("tools" menu > options > server > enable proxy server > proxy).
- Please ask your system administrator about availability of ports in your office network. If ports 443 and 444 are closed, you won't be able to use metatrader 4 terminal. You can ask your system administrator to open these ports.
4. I constantly receive the "market closed" error when trying to open orders. What should I do?
- The trading session for this financial instrument have not started yet. Please check the trading hours indicated on this table (click on any instrument to see further details).
- If you are trying to buy or sell a futures contract, it's possible that it has expired and trading is closed. Sometimes, around 1-2 days before the expiration date, the future contracts might be switched to "close only" status, hence opening new trades will be prohibited.
- Try restarting your trading platform.
5. MT4 displays a "not enough money" error.
You will receive such an error if there is not enough free funds ("free margin") available on your trading account. Please check from trader's calculator to the amount of margin is required for a particular trading instrument and calculate the standard or hedged margin for all of your open positions. If you see that there is not enough money to open a new position, you can close some of your existing positions or deposit additional funds to your trading account.
6. MT4 displays a "trade context busy" error.
Please allow a little time and try again, either your previous order has not been executed yet or the trading server has not received it because of a possible problem with your internet connection. Restarting the MT4 terminal may help resolve the issue.
7. I can't find the full history of performed transactions in metatrader 4.
When MT4 is running, look toward the bottom and you will see several tabs - trade | account history | news | alerts | etc – select the 'account history' tab, right-click in the open space and select 'all history'. You should now be able to see all of the transactions performed on the account.
8. What time is shown in the metatrader 4 terminal?
The trading platform indicates the EET (GMT+2 or GMT+3 during daylight savings). No, it can not be changed, nor does it influence charting.
9. I want to receive a detailed statement of my trading results.
Please navigate to the "account history" tab toward the bottom of your MT4 window and select the "save as detailed report" option from the right-click menu.
How to interpret the detailed report:
Total net profit — the financial result of all trades. This parameter represents the difference between "gross profit" and "gross loss";
Gross profit — the sum of all profitable trades in monetary units;
Gross loss — the sum of all unprofitable trades in monetary units;
Profit factor — the ratio between the gross profit and the gross loss in percentages. A ratio of one means that these sums are equal;
Expected payoff —the calculated expectation of profit. This parameter is calculated statistically and represents the average profit / loss factor of one trade. It can also hint toward the expected profitability / unprofitability of the next trade;
Absolute drawdown — the difference between the amount of the initial deposit and minimum balance below the deposit;
Maximal drawdown — the largest loss of the local maximum in the deposited currency and in a percentage of the deposit;
Total trades — the total amount of trades conducted;
Short positions (won %) — the amount of short positions and the profit percentage thereof;
Long positions (won %) — the amount of long positions and the profit percentage thereof;
Profit trades (% of total) — the amount of profitable trade positions and their part of the total trades, in percentages;
Loss trades (% of total) — the amount of unprofitable trade positions and their part of the total trades, in percentages;
Largest profit trade — the largest profit among all profitable positions;
Largest loss trade — the largest loss among all unprofitable positions;
Average profit trade — the average profit value within a trade (the sum of profits divided by the amount of profitable trades);
Average loss trade — the average loss value within a trade (the sum of losses divided by the amount of unprofitable trades);
Maximum consecutive wins (profit in money) — the longest series of profitable trade positions and the sum of their profits;
Maximum consecutive losses (loss in money) — the longest series of unprofitable trade positions and the sum of their losses;
Maximal consecutive profit (count of wins) — the maximum profit within one series of profitable trades and the corresponding amount of profitable trades;
Maximal consecutive loss (count of losses) — the maximal loss within one series of unprofitable trades and the corresponding amount of unprofitable trades;
Average consecutive wins — the average amount of profitable positions in a consecutive profitable series;
Average consecutive loss — the average amount of unprofitable positions in a consecutive unprofitable series.
10. A "buy limit" or "take profit" order that was placed on a sell position has not been executed, although the price on a chart has reached the order's specified price. Why?
Charts in metatrader 4 are generated using bid prices only; sell orders are executed at ask prices (you can see the both prices in MT4's "market watch" window). The difference between these prices is the spread. Please take this into consideration when placing pending orders. Side note: chart window only shows one price line by default - bid. To see ask line as well right-click chart and go properties (or press F8), switch to "common" tab and tick "show ask line" box.
11. Why is there no trading volume of "0.1" in the MT4 "order" window's drop-down list?
You can manually input any volume you want, starting from 0.01 lots and with the incremental step of 0.01 lots. For example, you can input "0.12" or "0.03", which solves the possible problem without answering the question.
12. Where is the instrument I need? It's not in the "market watch" window in MT4!
In order to see the full list of available instruments, please select the "show all symbols" option from the right-click menu in the "market watch" window. It is recommended to repeat this procedure at least once a month, because new contracts are added regularly and some expired contracts (i.E. Futures) are removed from the list.
13. Why is my MT4 displaying empty charts on trade.MT4 account even though it's online?
Trade.MT4 account uses a different stream feed than standard. When selecting instruments from market watch window, make sure they come with -pro suffix. For example, EUR/USD-pro instead of EUR/USD.
14. What are MT4’s system requirements for PC, pocket PC or smartphone?
The PC version of the MT4 client can operate on all microsoft windows based operating systems. A preinstalled emulated MAC version of MT4 is also available. Hardware requirements will differ between operating systems but any modern well maintained PC should not experience any performance issues. As a general guideline the following minimum specifications should be met:
- 2.0 ghz or faster CPU
- 512 MB RAM (1 GB recommended)
- Screen resolution 1024x768 or higher
- Modem/connection speed 36.6 kbps or faster – A stable high-speed connection is highly recommended.
15. Which IP addresses can be used to connect to admiral markets servers?
If you have already signed up and have opened a real or demo account (received your login/password), we recommend you download and install the MT4 client from our website, it's the easiest and most convenient way since all of our server addresses are already integrated, you need only launch the client and connect to your trading account.If any other version of the MT4 client has already been installed to your computer, you can use it for trading on admiral markets. Please use the following server addresses in order to connect to an admiral markets account. You can enter any of these addresses in the file > login [server] or in tools > options [server] text fields. Servers for real/live accounts (admiralmarkets-live*): acs1.Admiralmarkets.Com or acs26.Admiralmarkets.Com (trade.MT4).
Acs10.Admiralmarkets.Com or acs11.Admiralmarkets.Com (zero.MT4).
Servers for demo accounts (admiralmarkets-demo*): acs21.Admiralmarkets.Com (trade.MT4).
Acs21.Admiralmarkets.Com (zero.MT4).
16. What should I do if my internet connection has been lost but I need to open or close a trade?
Despite the fact that admiral markets places great importance on the stability and security of its trading systems, there is always a possibility of unforeseen errors or failures occurring as internet connections and other technological systems can be vulnerable to malfunction.
In such cases, admiral markets highly recommends that all clients familiarise themselves with the additional trading mediums available, such as installing the trading platform on another laptop / PC or downloading a mobile trading platform application on a tablet / smartphone.
In the unlikely event of admiral markets online trading facilities malfunctioning or being otherwise unavailable, admiral markets provides (as a contingency measure only) a phone dealing service for the execution of trading orders.
Admiral markets phone dealing service is available on a 24-hour basis from monday to friday at +372 6 309 306. The phone dealing service is provided in english, estonian or russian only.
Any client, who would like to use the phone dealing service, will be identified by an admiral markets dealer prior to any orders being modified. The client must provide their account number (metatrader account opened with admiral markets) and phone dealing password. A dealer will not modify or carry out any orders until a client has been properly identified.
How to fix MT4 common error?
What is a common error in MT4?
Occasionally, errors in the MT4 platform may be noticed. One of the most frequent errors is off quotes MT4 error. Most often, we can see “common error” (error number 2) in the metatrader platform.
An MT4 common error in the lower-left corner of the metatrader platform is a signal error indicating that there is a connection problem (slow internet connection or no connection) between the metatrader platform and the server account.
How to fix MT4 common error on desktop and MT4 common error ios:
1) check the internet connection. There can be a problem with wi-fi or cable internet or some anti-virus software for some time. Any internet security programs block the internet connection of metatrader and the online server. “common error” and “off quotes” in MT4 are the most common errors.
2) enter the username, password, and IP server address when you log in to metatrader. If the internet connection is fine, then the problem is login parameters. If username and password are OK, very often, the problem is the server IP address.
Inter to pick “real 1” or “demo” server, you need to put full IP address (hotforex IP addresses example ).
See our youtube video about mt4 common error and our instructions:
How to login
Step 1: open your metatrader 4 terminal.
Step 2: click on the file at the top left corner of the platform.
Step 3: select login.
Step 4: enter your login details.
Step 5: enter the IP address (ask your broker for IP if you do not know) in the ‘server’ field.
Step 6: click login.
If you do not have an IP address, ask broker support to give you. Just ask them, for example: “what is IP for live 4 server? Then, they will help you.
This is something that we can often see when we have a problem logging in to the metatrader account.
Common error mt4 we can see on desktop computers and common error mt4 app problem on mobile phones. The solution is the same. The user needs to check the internet connection, username, password, or IP and then connect without error.
How to fix the MT4 common error message if login details and server IP are correct?
In the case log in details are correct common error can be fixed in this way:
- Close all charts in metatrader and close the platform.
- Restart the PC and then check do you have an excellent internet connection (for example, speed-test by ookla and check internet connection quality using packet loss test).
- Disable the antivirus program in a few minutes to check the metatrader platform, in case the antivirus blocks metatrader software.
- Run the metatrader platform and try to log in.
- If it doesn’t work again, try to create a new demo account and to log in. If you succeed, then the problem is the login parameter.
- Ask for help from your broker and ask again for server IP. Sometimes, different server IP will solve the problem.
Metatrader 4 not responding
except for “common problem,” there are a lot of MT4 errors.
Please see the list of the most common errors in the metatrader platform:
Money management metatrader 4 forex robot
The money management metatrader 4 forex robot is an expert advisor that triggers buy/sell signal alerts using a money management strategy as its building block.
In essence, the forex robot uses a set of logic that is dependent on money management techniques.
It therefore relies on the effective manipulation of position sizes on varying trades to ensure an overall profit.
The expert advisor guarantees the modest and steady growth of position sizes alongside equity growth.
However, the money management EA has a default maximum lot (maxlot) size value of 10, whereby positions can increase to.
Free download
Strategy tester report
Find below the money management robot strategy tester report for the EUR/USD forex pair on the 4-hour chart.
Overall performance
The EA made a total profit of $8866630.79 from a total of 546 trades. The largest winning trade generated $16800.00 in profits while the largest losing trade generated a loss of-$1258.69.
Statistics:
Bars in test: 16752 ticks modelled
Initial deposit: $10000.00
Total net profit: $8866630.79
Largest profit trade: $16800.00
Largest loss trade: -$1258.69
Download
MT4 forex robot characteristics
Input parameters: usemm, risk, lot, maxlot, minsignsum, printsums, timeclose, barsnumber, takeprofit, stoploss, magic
Time frames: 1-minute, 5-minutes, 15-minutes, 30-minutes, 1-hour, 4-hours, 1-day, 1-week, 1-month
Installation
Copy and paste the tester_v0_15_.Mq4 into the MQL4 experts folder of the metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > open data folder > MQL4 > experts (paste here)
so, let's see, what we have: forex blog first-hand forex trading experience and information about foreign exchange market that will be useful to traders archives ordersend error 134 (no enough money) sometimes, at metatrader 4 not enough money
Contents of the article
- New forex bonuses
- Forex blog
- Ordersend error 134 (no enough money)
- Forex blog
- Ordersend error 134 (no enough money)
- How to fix MT4 common error?
- What is a common error in MT4?
- How to fix MT4 common error on desktop and MT4...
- Metatrader 4 (MT4)
- History
- How to open a metatrader 4 account
- How to trade
- Expert advisors
- Mobile apps
- Demo accounts
- Support
- Metatrader 4 vs metatrader 5
- Forex brokers that use metatrader 4
- Conclusion
- How do I download metatrader 4 on mac?
- How do I use the metatrader 4 app?
- Is metatrader 4 a legitimate platform?
- How does metatrader 4 work?
- Is metatrader 4 free?
- Is metatrader 4 safe?
- Is metatrader 4 a broker?
- Metatrader 4 not enough money
- Money management metatrader 4 forex robot
- Metatrader 4 FAQ
- 1. MT4 displays an "invalid account" error. What...
- 2. MT4 displays an "account is disabled" error....
- 3. MT4 cannot connect to my trading account ("no...
- 4. I constantly receive the "market closed" error...
- 5. MT4 displays a "not enough money" error.
- 6. MT4 displays a "trade context busy" error.
- 7. I can't find the full history of performed...
- 8. What time is shown in the metatrader 4...
- 9. I want to receive a detailed statement of my...
- 10. A "buy limit" or "take profit" order that was...
- 11. Why is there no trading volume of "0.1" in...
- 12. Where is the instrument I need? It's not in...
- 13. Why is my MT4 displaying empty charts on...
- 14. What are MT4’s system requirements for PC,...
- 15. Which IP addresses can be used to connect to...
- 16. What should I do if my internet connection...
- How to fix MT4 common error?
- What is a common error in MT4?
- How to fix MT4 common error on desktop and MT4...
- Money management metatrader 4 forex robot
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