Not enough money metatrader 4
For example, you want to trade a 0.1 lot (1 mini lot) trading position for EURUSD pair.
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What does mean MT4 “not enough money” error?
Sometimes in metatrader 4 and metatrader 5 platform, we can see an error “not enough money.”
MT4 “not enough money” error means that the trader is trying to place a new trade, and his account doesn’t have enough money to cover the margin requirement. That means the free margin is less than the required margin for the new trade. The trader needs to increase leverage or to add more money into the account.
So there are two solutions:
1) traders need to add more money to the account.
2) traders need to increase leverage in the MT4 account (on this link, you can read our article on how you can increase leverage in your trading account).
For example, you want to trade a 0.1 lot (1 mini lot) trading position for EURUSD pair. Your leverage is 1:100. EURUSD is 1.3. You need to have more than $130 to open a new position:
Margin = V (lots) × contract / leverage = 0.1 × 100,000 EUR / 100 = 100 EUR.
Margin = 100 EUR × 1.30 = 130 USD
So if you have less than $130, you can have a problem to open a new position.
Sometimes, even pending trades can be deleted. Mt4 comment is deleted [no money]. In that case, the trader needs to check the free margin and to have enough wide stop loss and target.
After off quotes MT4 error, this is the second most frequent errors during metatrader trading.
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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.
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.
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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)
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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:
Ordersend error 134 - err_not_enough_money
By jim weldon | submitted on december 29, 2009
If you are getting the metatrader 4 error: ordersend error 134, it means you do not have enough money in your account to place an order with the given lot size. What should you do?
Ordersend error 134 tends to happen a lot when people code expert advisors with a money management style that increases lot sizes such as martingale. Eventually the lot size gets too big and you do not have enough margin to place the trade. This can also happen over time if your account balance gets too low or if you select too large of a lot size.
The error occurs when you try to place the trade, thus it is an "ordersend error". To prevent this error you can check your account free margin before attempting to place a trade. To do this you will use the function, accountfreemargincheck():
Double accountfreemargincheck(string symbol, int cmd, double volume)
Returns available margin that remains after the specified position has been opened at the current price on the current account. If the free margin is insufficient, an error 134 (ERR_NOT_ENOUGH_MONEY) will be generated.
Parameters:
symbol - symbol for trading operation.
Cmd - operation type. It can be either OP_BUY or OP_SELL.
Volume - number of lots.
Another function you can use to find the remaining margin is:
Double accountfreemargin( )
This returns free margin value of the current account.
The following example prints out the free margin for your account:
Print("free margin is = ",accountfreemargin());
Community
The most common errors in metatrader 4 and how to solve them
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.
| Error | error ID | description |
| ERR_NO_ERROR | 0 | no error returned. |
| ERR_NO_RESULT | 1 | no error returned, but the result is unknown. |
| ERR_COMMON_ERROR | 2 | common error. |
| ERR_INVALID_TRADE_PARAMETERS | 3 | invalid trade parameters. |
| ERR_SERVER_BUSY | 4 | trade server is busy. |
| ERR_OLD_VERSION | 5 | old version of the client terminal. |
| ERR_NO_CONNECTION | 6 | no connection with trade server. |
| ERR_NOT_ENOUGH_RIGHTS | 7 | not enough rights. |
| ERR_TOO_FREQUENT_REQUESTS | 8 | too frequent requests. |
| ERR_MALFUNCTIONAL_TRADE | 9 | malfunctional trade operation. |
| ERR_ACCOUNT_DISABLED | 64 | account disabled. |
| ERR_INVALID_ACCOUNT | 65 | invalid account. |
| ERR_TRADE_TIMEOUT | 128 | trade timeout. |
| ERR_INVALID_PRICE | 129 | invalid price. |
| ERR_INVALID_STOPS | 130 | invalid stops. |
| ERR_INVALID_TRADE_VOLUME | 131 | invalid trade volume. |
| ERR_MARKET_CLOSED | 132 | market is closed. |
| ERR_TRADE_DISABLED | 133 | trade is disabled. |
| ERR_NOT_ENOUGH_MONEY | 134 | not enough money. |
| ERR_PRICE_CHANGED | 135 | price changed. |
| ERR_OFF_QUOTES | 136 | off quotes. |
| ERR_BROKER_BUSY | 137 | broker is busy. |
| ERR_REQUOTE | 138 | requote. |
| ERR_ORDER_LOCKED | 139 | order is locked. |
| ERR_LONG_POSITIONS_ONLY_ALLOWED | 140 | long positions only allowed. |
| ERR_TOO_MANY_REQUESTS | 141 | too many requests. |
| ERR_TRADE_MODIFY_DENIED | 145 | modification denied because an order is too close to market. |
| ERR_TRADE_CONTEXT_BUSY | 146 | trade context is busy. |
| ERR_TRADE_EXPIRATION_DENIED | 147 | expirations are denied by broker. |
| ERR_TRADE_TOO_MANY_ORDERS | 148 | the amount of opened and pending orders has reached the limit set by a broker. |
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Risk disclosure:
futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance disclosure:
hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
Not enough money metatrader 4
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.
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Trade on the go
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so, let's see, what we have: "not enough money" means that there is not enough margin on MT4 account to open a position of the desired volume. At not enough money metatrader 4
Contents of the article
- Top forex bonuses
- What does mean MT4 “not enough money” error?
- 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...
- Money management metatrader 4 forex robot
- 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...
- Ordersend error 134 - err_not_enough_money
- Community
- The most common errors in metatrader 4 and how to...
- I put the strategy into MT4 but nothing happens....
- I found the trade is disabled error in the log....
- What should I do if metatrader 4 is disconnected...
- Error indicator is missing is shown it the...
- In the metatrader 4 log appeared error the trade...
- Errors in metatrader
- Not enough money metatrader 4
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