MetaTrader 4 Trading Platform
Posted by on 29 January 2014 04:14 PM
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1. My charts are blank and keep saying Waiting for update. When switching between live and demo accounts, the charts may say Waiting for Update. To fix the problem do the following, please:
2. I get Invalid account message. To fix the problem check the server address and password are correct. 3. I get the Not Enough Money message when I try to place a trade. Most likely that you don’t have enough balance to trade with the leverage you have chosen or you try to trade large volume (lots). To calculate which leverage and volume are best for you and also what margin you need to open a trade, please, use this formula: ![]() Example. An order with the volume of 0.1 lot EURUSD at 1.39750 and with 1:100 leverage. The required margin is: ![]() To fix the problem try the following:
4. I cannot trade — the New Order button is not active (grey). You have used your Investor’s password instead of the Trader’s password to log into MetaTrader . Please choose in the menu File → Login and use your Trader’s password to enter the system. 5. I cannot trade — No Connection message in the right bottom corner of the MetaTrader. Click the connection bars in the right bottom corner of MetaTrader, choose Rescan Servers.
6. I cannot trade— message Common Error or Trade Context busy. It means that at this moment there are too many requests come to the server or you have slow connection with the trading server. Click the connection bars in the right bottom corner of the MetaTrader, choose Rescan Servers. After that close and open the MetaTrader 4 again. 7. I cannot place an order — message Invalid Stop Loss/Take Profit. Please, make sure you’ve chosen the correct values for Stop Loss/Take Profit. 8. Account history disappeared from my MetaTrader 4. Right click inside the Account History tab in MetaTrader and choose All History (or other interval) in the context menu. 9. I don’t see all currency pairs in the Market Watch list in MetaTrader. Right click on any currency pair in the Market Watch window and choose Show All in the context menu. 10. How to install an Expert Advisor (EA) in MetaTrader? To install an Expert Advisor (EA):
If you have installed your EA successfully, you will see a smiley in the right top corner of your chart. The logs of all operations performed by your EA are available in the MetaTrader Terminal window, Experts and Journal tabs. 11. How do I install an Indicator in MetaTrader? To install an Indicator:
If you have installed your Indicator successfully, you will see the confirmation in the MetaTrader, Terminal window, tabJournal tab. 12. My MetaTrader gets disconnected. Click the connection bars in the right bottom corner of the MetaTrader, choose Rescan Servers. If you still see No Connection – try this:
13. What is the difference between Balance, Equity, Margin, Free Margin, Margin Level? Balance shows the funds in your account based on the closed trades only. When you close a trade, its profit/loss is added/deducted to/from your account Balance. Equity = Account Balance + Floating profit/loss of the open trades.
If you have no open trades, Balance and Equity show identical values. If you have open trades in the account, Balance will stay fixed until you close a trade and Equity will be changing all the time according to the current profit/loss that you are making.
Margin – the funds that you have used to open a trade. See FAQ# 2 of this section for the Margin calculation formula. Free Margin = Equity – Margin.
These are the funds that you can use to open more trades. Margin Level (%) = Equity/Margin*100%.
14. I keep receiving blank News messages into my MetaTrader. What is the problem? The MetaTrader receives only the news titles to alert a trader that an event has taken place. For detailed news information and analysis, please, check the Economic Calendar, Live News and Forex Analytics on FXOpen website. 15. I do not see the News tab in the Terminal window in the MetaTrader. The News tab will appear as soon as the first news gets to your MetaTrader. News get to your MetaTrader only while you are online. If a news message is sent out while you are offline, you will not get it when you log into your account later. 16. How can I generate a trading Statement for my account? Trading Statements are e-mailed to clients at the end of every Trading Day (if a Client has traded on that day) and Month (even if a Client has not traded in that month, a Statement will be sent anyway). If you need a Trading Statement for a specific time period, you can generate it from your MetaTrader Account History. Right click inside the Account History tab in MetaTrader, select Save as Report (or Save as Detailed Report), save the file on your computer. 17. How do I download historical data from the History Center in the MetaTrader? Select menu Tools → History Center in the MetaTrader and choose the currency pair for which you need the historical prices. To download the historical data, please, take these steps:
*Please, note that the historical data is provided by the Metaquotes Software Corp. (MetaTrader 4 developer). 18. How do I download historical quotes with Quotes Downloader? Quotes Downloader - a simple application allowing you to download FXOpen ECN historical quotes or ticks for any currency pair and time interval. To download quotes with Quotes Downloader, please, follow these steps:
19. What do the digits in the right bottom corner of the MetaTrader stand for? The digits in the right bottom corner of your MetaTrader display the traffic. The digit to the left of the “/” (slash) sign displays the Incoming traffic; the digit to the right of the “/” (slash) displays the Outgoing traffic. Example. 370/2 Kb. Incoming traffic – 370 Kbs, outgoing traffic – 2 Kbs. 20. How do I set up Trailing Stop? Trailing Stop is a complex stop-loss order in which the Stop Loss price is set at some fixed number of pips below or above the market price. If the market price moves in the direction that is profitable to the trader, the Stop Loss price changes proportionally, but if the currency price moves against you, the Stop Loss price does not change. This technique allows a trader to set a limit on the maximum possible loss without setting a limit on the maximum possible gain. You also do not have to watch the price on an-ongoing basis and modify the Stop Loss price manually. *Trailing Stop is a Client Terminal side feature. For the trailing stop to continue modify the Stop Loss, the trading platform MetaTrader 4 must be running and connected to the Internet. 21. What time is displayed in FXOpen MetaTrader 4? The time displayed in your MetaTrader is FXOpen trading server time - GMT +2 (Standard Time). Sadly, MetaTrader 4 does not allow you to adjust the time in MT4 to match your local time. | |||||
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