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The most common errors in Metatrader 4 and how to solve them

10 Nov 2017,

Metatrader is the most widely spread platform and it may happen that it will report us an error during our trading. In today’s article, we will have a look at the list of most common errors and we will describe how to deal with them.

 

 

 

 

 I put the strategy into MT4 but nothing happens. Is anything wrong? What should I do?

There may not be anything wrong. Sometimes it takes time until the strategy starts trading. Check the MT4 log (the “log” tab in the terminal) and if there is no error, the smiley laughs, then just wait until the strategy starts trading.

 

 I found the Trade is Disabled error in the log. What should I do?

This is the most common error with XTB broker and Purple Trading and it means that trading is forbidden.

XTB Broker Solution – Trading is forbidden on a standard account, and you must switch to Standard +.

Purple Trading Broker Solution – Probably, you have put the strategies in the wrong chart. You need to add a strategy to the right chart. If you use a STP account, you need to put strategies in a graph without the _ecn suffix if you have an ECN account, you need to use symbols with the _ecn suffix.

 

What should I do if Metatrader 4 is disconnected from the broker´s server?

Here are two options. The first option is to restart MT4. The second option is to click on the account with the right mouse button and click on sign in. If it still does not help, contact the broker if there is a problem on his side.

 

Error Indicator is missing is shown it the metatrader. What should I do?

Make sure you have a copied StrategyQuant indicators. Indicators can be found in C: \ StrategyQuant \ custom_indicators \ mt4 \ indicators. Copy these indicators into the MT4 MQL4 \ Indicators folder

 

In the Metatrader 4 log appeared error the trade context is busy. What should I do?

Most often, this error occurs when a lot of strategies (10 or more) are in one MT4 and MT4 cannot handle so many commands at a time. In this case, I recommend splitting strategies into multiple MT4s – simply said, for example install 10x MT4 and then logging 10 times under the same account. The recommended maximum strategy for one MT4 is 10. This is the tested number of strategies in which the program runs steadily and without problems.

 

Errors in Metatrader

Here is the list of errors and messages in MT4. If you would meet one of them and did not know how to proceed, please contact us.

 

 

ErrorError IDDescription
ERR_NO_ERROR0No error returned.
ERR_NO_RESULT1No error returned, but the result is unknown.
ERR_COMMON_ERROR2Common error.
ERR_INVALID_TRADE_PARAMETERS3Invalid trade parameters.
ERR_SERVER_BUSY4Trade server is busy.
ERR_OLD_VERSION5Old version of the client terminal.
ERR_NO_CONNECTION6No connection with trade server.
ERR_NOT_ENOUGH_RIGHTS7Not enough rights.
ERR_TOO_FREQUENT_REQUESTS8Too frequent requests.
ERR_MALFUNCTIONAL_TRADE9Malfunctional trade operation.
ERR_ACCOUNT_DISABLED64Account disabled.
ERR_INVALID_ACCOUNT65Invalid account.
ERR_TRADE_TIMEOUT128Trade timeout.
ERR_INVALID_PRICE129Invalid price.
ERR_INVALID_STOPS130Invalid stops.
ERR_INVALID_TRADE_VOLUME131Invalid trade volume.
ERR_MARKET_CLOSED132Market is closed.
ERR_TRADE_DISABLED133Trade is disabled.
ERR_NOT_ENOUGH_MONEY134Not enough money.
ERR_PRICE_CHANGED135Price changed.
ERR_OFF_QUOTES136Off quotes.
ERR_BROKER_BUSY137Broker is busy.
ERR_REQUOTE138Requote.
ERR_ORDER_LOCKED139Order is locked.
ERR_LONG_POSITIONS_ONLY_ALLOWED140Long positions only allowed.
ERR_TOO_MANY_REQUESTS141Too many requests.
ERR_TRADE_MODIFY_DENIED145Modification denied because an order is too close to market.
ERR_TRADE_CONTEXT_BUSY146Trade context is busy.
ERR_TRADE_EXPIRATION_DENIED147Expirations are denied by broker.
ERR_TRADE_TOO_MANY_ORDERS148The amount of opened and pending orders has reached the limit set by a broker.

 

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