Metatrader has a built-in error identification mechanism inside its terminal. Like most software program, errors detected are expressed in numerical codes. The errors can normally be discovered beneath the specialists or journal tab of your Metatrader terminal window. If you might be utilizing customized software program for buying and selling, comparable to an professional advisor or script, you may additionally ask your programmer to show the errors on the display. This articles lists the commonest errors skilled by merchants whereas utilizing the buying and selling terminal.
Error 3 “Invalid Trade Parameters”
It signifies that a number of of the commerce parameters of your most up-to-date order was unacceptable to the dealer. If the order was despatched by a human dealer, verify the lot measurement, stoploss, and takeprofit values and see in the event that they meet the necessities of your dealer. If it is an professional advisor, you must also verify on the remark variable, as giving a null worth or double citation marks (“”) to the variable are typically rejected by the server.
If the final order despatched was for a pending order, verify in case your dealer permits pending order expiration. Some brokers disable this function, and would solely settle for a zero worth for the variable.
Error 6 “No connection with trade server”
It merely signifies that the terminal is unable to connect with the server. This may very well be a server fault, however it’s usually an area web connection drawback.
If your web connection is okay, verify the web connection standing on the decrease right-hand portion of your Metatrader terminal. If the standing says both “No connection” or 0/0, then your terminal experiencing an issue in utilizing your web. Restart Metatrader instantly. This does not occur usually, however may very well be an alarming problem if left unnoticed.
Error 8 “Too Frequent Requests”
This error may also be encountered by human merchants, however professional advisors usually tend to expertise it. Each dealer has a restrict on the variety of requests it will possibly take for any given account. This error seems when an account has reached that restrict. This is commonly an indication of unhealthy professional advisor programming or unhealthy EA logic. Reconsider the principles on the EA.
Error 65 “Invalid Account”
This error usually occurs in demo accounts. Most demo accounts have a date of expiration, and after they reached it, such accounts are thought-about “invalid.” No one, not even an professional advisor, can commerce utilizing an invalid account. Just create a brand new demo account.
If it is an actual account, then you have got an actual drawback. Contact your dealer instantly.
Error 129 “Invalid Price”
For professional advisors, if encountered lots and constantly, it is a signal of unhealthy programming. For human merchants, it is a signal that the market presently being traded is extremely risky. It may very well be purely attributable to market elements, comparable to buying and selling information.
Error 130 “Invalid Stops”
Invalid stops signifies that the stoploss, or takeprofit, or each, are unacceptable to the dealer. Brokers usually set limits to stops to restrict their threat. Make positive that your stops are positioned on the minimal, or a couple of pips larger than the minimal (in extremely risky markets).
There are some brokers that don’t permit the setting of SL and TP ranges for market orders (purchase and promote) at time of execution. They require the trades to be entered first, and to switch the stops later. If encountered by an professional advisor, the EA might have to be up to date.
Error 133 “Trade is disabled”
This signifies that MT4 just isn’t allowed to commerce with professional advisors and scripts. See the doc on allow professional advisors and scripts in Metatrader.
Error 133 “Trade is disabled”
This signifies that MT4 just isn’t allowed to commerce with professional advisors and scripts. See the doc on allow professional advisors and scripts in Metatrader.
Error 134 “Not enough money”
This usually occurs in backtesting an EA. It merely signifies that the account doesn’t have sufficient funds to enter the market utilizing present parameters.
This error may also be encountered by human merchants, after struggling an enormous loss because of margin name, or a shedding streak.
Error 148 “Too Many Orders”
This error occurs when there quantity or lively orders within the account exceeded the restrict set by the dealer. The rely additionally contains pending orders. Refrain from executing new positions till the quantity or orders had been decreased. Brokers usually set actually massive limits, so this error is commonly encountered by automated buying and selling techniques. Reconsider this system logic.
Error 149 “Hedge is prohibited”
Ask your dealer if they permit hedging. If you might be utilizing a technique that entails hedging, ask your dealer if they’ve servers that permit hedging. If your dealer is a multinational firm, as a rule, they do, and so all you must do is ask them to switch your account to that server. Asking them may prevent the time for switching to a different dealer. Note that it has nothing to do with the server, however on the legal guidelines and regulation in impact on the state, nation, or territory the place the server presently operates. If your present server operates within the United States (the place hedging just isn’t allowed), ask your dealer whether or not or not you possibly can migrate your account to a server situated elsewhere, comparable to Australia.
Error 149 “Prohibited by FIFO Rule”
FIFO means “First In, First Out.” Same with Error 149, if this rule drastically impacts your technique, you could need to swap brokers/servers, or transfer on and formulate a special buying and selling technique.
For orders made by human merchants, errors are sometimes discovered on the terminal, beneath the journal tab. For professional advisors and different customized software program developed for MT4, errors can typically be discovered on the specialists tab. If you might be utilizing an professional advisor, and the identification of errors is important to your technique, you could need to ask your programmer to program your software program to provide you with a warning each time an error is encountered.
It is necessary for merchants to know what errors are experiencing, why they occur, and the way the would cut back the potential for receiving such errors sooner or later. Errors throughout buying and selling are attributed human errors, however in some instances, the dealer might have to seek the advice of their dealer relating to their insurance policies. For merchants who use customized software program for Metatrader, they could have to seek the advice of their programmer for troubleshooting and even request for software program modifications.
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