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How to Fix Invalid Account MT4 problem?

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Though forex traders can open several accounts at a time to make forex trading convenient, sometimes you cannot log in to your MT4 account as it shows an MT4 INVALID ACCOUNT error.


MT4 invalid account error occurs when a trader can not log in to the Metatrader platform because of wrong login credentials (incorrect username, password, or server name), non-activated account, or closure of CFD and Forex due to holiday time (the market is closed during weekends or holidays).

Metatrader 4 invalid account

 

Invalid account mt4 error can be easily fixed if the trader types proper login credentials during trading sessions (when the market is not closed) and checks if his account is enabled (sometimes the account is not activated). The invalid account mt4 app problem can be fixed in the same way as on the desktop.

There can be several reasons for the invalidity of your MT4 account.

CFD and Forex’s closure can be due on Saturday, Sunday, or any other standard holiday as no trading is done these days. So you may be unable to log in to your MT4 account during these days as your account cannot be connected in the off-hours of the market.

Reason 1: The server number is wrong

While opening the MT4 account, a Server Number was sent to you by email. You cannot log in to your account if your selected server number is dissimilar to the one you registered for. You can log in to your account by selecting the exact number of servers registered by you while starting the trading account.

In this case, please read our article about Common errors on MT4.

Reason 2: – Non-activated account

You must upload a few documents to your broker to identify and activate your account to trade and withdraw. If you have not uploaded these documents, then your account will not be activated. You cannot use it, and it will be shown as an MT4 invalid account.

Reason 3: Use of old app of MT4 for logging in

Brokers regularly upgrade the apps of MT4. It is invalid to use old apps for trading and withdrawals as information about upgrading the app is sent to all the subscribers through email. So if you are using an old app, even then, it will show an invalid account.

Reason 4: Use of the wrong password

You might have set a password while opening your MT4 account with your broker.

It will show the MT4 invalid account if you do not remember your password while logging in. You can temporarily call your broker to get a temporary password to operate your account.

Reason 5: Account is not used for up to 90 days

If you do not use your MT4 account for up to 90 days, your broker will automatically block it even without noticing.

You cannot log in to your MT4 account if it has zero balance at the blocking time. In such a condition, you will have to open another account to start trading again. But if there is some balance in the account, you will have to pay monthly hibernation charges of $5 to reopen the account. Such situations can be avoided by making small transactions regularly.

MT5 Invalid account

MT5 invalid account error means that you have either the wrong password, the wrong server IP address or that you are using an old MT5 app. Usually, the incorrect username or password is the most common error.

MT4 demo account not working

Your real or demo account can be invalid if you do not trade for some time. For example, most brokers will archive your live or demo account if you do not trade for more than 90 days. Some brokers will archive your demo account after 30 days.

In that case, you will see:

“Your mt4 account has been either disabled or inactive. Contact support for more details.”

If you see MT4 INVALID ACCOUNT for not using it for up to 90 days, your demo account will be locked automatically. Once it is blocked, you cannot reopen a demo account. You will have to register for another demo account in such cases.

 

Filed Under: FAQ

When Does NYSE open on Australian time? – NASDAQ Opening Sydney Time in 2022.

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Australian market open time in GMT

In Sydney time, the Australian Stock Exchange opens at 10:00 a.m. and closes at 4:00 p.m. (GMT+11). In GMT time, the Australian Stock Exchange opens at 10:00 p.m. (summer) or 9:00 p.m. (winter) and closes at 7 a.m. GMT (summer) or 6 a.m. (GMT).

What time is it in Sydney, Australia, right now?

Time In Sydney right now is

 


When does the US market open on Australian time?

US market (NYSE/NASDAQ) opens at 1:30 a.m. Sydney time during the wintertime (First Sunday in November to the second Sunday in March) or at 11.30 p.m. Sydney time during the summertime (First Sunday in April to the first Sunday in October).

So, NYSE trading hours on Australian time are 12.30 a.m till 7.00 a.m. from First Sunday in October to the first Sunday in November, from 1:30 a.m. till 8:00 a.m. from the First Sunday in November to the second Sunday in March, from 12.30 a.m. till 7.00 a.m. Second Sunday in March to the first Sunday in April, and from 11:30 p.m. till 6:00 a.m. from the First Sunday in April to the first Sunday in October.

Please see the timetable below:

First Sunday in October to first Sunday in November:

TimeTime zoneNYSE/NASDAQ OpensNYSE/NASDAQ ClosesASX OpensASX Closes
New York timeGMT-49.30 a.m.4.00 p.m.7.00 p.m.1.00 a.m.
Sydney timeGMT+1112.30 a.m.7.00 a.m.10.00 a.m.4.00 p.m.

First Sunday in November to the second Sunday in March

TimeTime zoneNYSE/NASDAQ OpensNYSE/NASDAQ ClosesASX OpensASX Closes
New York timeGMT-59.30 a.m.4.00 p.m.6:00 p.m.12:00 a.m.
Sydney timeGMT+111:30 a.m.8:00 a.m.10.00 a.m.4.00 p.m.

Second Sunday in March to the first Sunday in April

TimeTime zoneNYSE/NASDAQ OpensNYSE/NASDAQ ClosesASX OpensASX Closes
New York timeGMT-49.30 a.m.4.00 p.m.7.00 p.m.1.00 a.m.
Sydney timeGMT+1112.30 a.m.7.00 a.m.10.00 a.m.4.00 p.m.

First Sunday in April to the first Sunday in October

TimeTime zoneNYSE/NASDAQ OpensNYSE/NASDAQ ClosesASX OpensASX Closes
New York timeGMT-49.30 a.m.4.00 p.m.8:00 p.m.2:00 a.m.
Sydney timeGMT+1011:30 p.m.6:00 a.m.10.00 a.m.4.00 p.m.

 

What time does NYSE open in US time?

When does NYSE open on Easter time?

New York Stock Exchange (NYSE) and the Nasdaq Stock Market (Nasdaq) are open from 9:30 a.m. to 4 p.m. EST on weekdays except for stock market holidays. Regular trading hours for the U.S. stock market are presented in EST – Eastern time.

Filed Under: FAQ

How to Fix Metatrader 4 Off Quotes Error? – Off Quotes MT4 in 2022

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“Off quotes” are one of the most common errors on MetaTrader 4 and MetaTrader 5 platforms.

What does “off quotes” mean on MT4?

“Off quotes” is the MT4/MT5 error message and means no price is available on the Metatrader platform. This error can appear in Metatrader in two scenarios: if there is a break in connectivity with the platform or the best price for the pair you’re trading is not within your “maximum deviation” range.

Suppose there have been no new prices in the MetaTrader platform on the selected instrument for some time because connectivity was lost. In that case, these last prices can no longer be treated as market prices, and the platform shows an “off quotes” error to tell users that prices are not valid anymore.

In the video below, see how to fix the “Off quotes” in the MT4 error:

Error description:
Error name: ERR_OFF_QUOTES
Error value: 136
Description: Off quotes.

How to Fix Metatrader 4 Off Quotes Error

Scenario 1: Connectivity problem.

“Off quotes” in the MT4 platform usually indicate a break in internet connectivity and result in no current prices being available. In this case, your internet connection is slow, or your Firewall blocks Metatrader. In that case, the platform has a problem with the connection, and we can see “off quotes” in the MT4 error description. In this case, read the article How to Fix MT4 Common Error?

Scenario 2: Off quotes MT4 volatility problem

This is the most common problem. There is some volatility in the market. Price every second goes up or down and changes very fast. The best price is outside the Maximum Deviation range you have set for the order. The Maximum Deviation setting allows you to control slippage by setting a maximum deviation of pips from the order price submitted that you are willing to be filled. Still, a tight maximum deviation could cause your order to be rejected based on fast market movement if you are trading during volatile market conditions.

Scenario 3: Broker technical issues

In very rare moments, the broker can have technical problems in connectivity, and your broker can be offline from a few seconds up to a few hours. In that case, you still can see the “off quotes” error. This error is not up to you, so you must wait until the problem is fixed.

Off quotes, the MT4 volatility problem can be solved in two ways. During volatile markets, a trader can avoid trading, or the trader can use the “Enable maximum deviation from quoted price” option in MT4. Additionally, you need to be patient if you have a problem with the internet or if your broker has technical issues.

When you have four digits broker, usually there is no error. But we need to solve this problem when we have a five-digit broker.

If you have a five-digit broker, set the “Enable maximum deviation from quoted price” value 30. A max deviation set to 30 is only three pips.

Off Quotes MT4 in 2022

In 2022., we didn’t see major MT4 platform updates. However, in 2021, we had several updates in July and October. At that moment, after software updates and new installation, many traders can see the “off quotes” errors as a very short broker connection interruption. Sometimes, if installation is fresh, your account is not connected with a broker, and you can see an “off quotes error.” You need to enter your username and password again, log into the platform, and the error will disappear.

Conclusion

Off quotes, MT4 error can be solved very quickly. Either you will fix the internet connection or define a more significant maximum deviation from the quoted price.

Filed Under: FAQ

How Much is 0.01 Lot Size in Dollars?

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Position size in trading is one of the most important things. Unfortunately, beginner traders very often neglect this segment of trading.

1,000 Units = 0.01 Lot.

What does 0.01 in forex mean?

0.01 lot size in forex or micro lot equals 1.000 units of any given currency. So position size of 0.01 lot for EURUSD currency pair, for every ten pips gain will provide a $1 profit (10 cents per pip). So for EURUSD, ten pips for 0.01 lot size profit are $1.

0.01 lot size or 1000 units or micro lot is the smallest position size for standard forex accounts.

how to calculate lot size in dollars formula

How Much is 0.01 Lot Size in Dollars?

0.01 lot size for currency pair where the secondary currency is USD is always $0.1. However, to calculate other currency pairs’ lot size in dollars, you need to use the formula (1 pip/exchange rate)* lot size. In this case, 0.01 lot size for EURUSD is $0.1, while for EURGBP is $0.12, and for USDJPY Is $0.08. 

formula to calculate 1 micro lot in dollars for eurusd

 

formula to calculate 1 micro lot in dollars for usdjpy

The standard lot size forex is one lot, equal to 100 000 units or $10 per pip gain.

How Much is 0.1 Lot Size in Dollars?

0.1 lot size for currency pair where the secondary currency is USD is always $1. However, to calculate other currency pairs’ lot size in dollars, you need to use the formula (1 pip/exchange rate)* lot size. In this case, 0.01 lot size for EURUSD is $1, while for EURGBP is $1.2, and for USDJPY Is $0.8. 

How Much is 1 Lot Size in Dollars?

1 lot size for currency pair where the secondary currency is USD is always $10. However, to calculate other currency pairs’ lot size in dollars, you need to use the formula (1 pip/exchange rate)* lot size. In this case, 1 lot size for EURUSD is $10, while for EURGBP is $12, and for USDJPY Is $8. 

Below you can see a Table of 3 types of position sizes:

Types of lot size:

  • Standard Lot
  • Mini-Lot
  • Micro-Lot

 

Lot size chart forex

The lot size chart in forex represents lot size, units, and $ per pip. As we can see, a below-standard lot has 100,000 units, mini lot 10,000, micro-lot 1000, and nano 100 units. These values are true only if the secondary currency pair is USD.

Lot size chart forex - What does 0.01 in Forex mean. Position size table

Lot size value when secondary currency is USD (image above)

In the video below is a detailed explanation from our FXIGOR youtube channel:

This methodology can be extended further.

For example, what is a 1.00 lot in forex?

1.00 lot is a measurement of currency units that traders will buy or sell during the trading, and the standard size for a lot is 100,000 units. So, for example, if traders trade EURUSD, ten pips gain for one lot size can generate a profit of $100.

Micro lot forex

Micro lot forex size represents 1000 trading units or 0.01 lot size and the smallest block of currency a forex trader can trade. In that case, 0.01 lot size profit is $1 for every 10 pips moving toward a trading position the secondary currency is USD. So, for example, if a trader trades 1 micro lot (0.01 lot) and buys EURUSD at 1.2340 if the price hits the target of 1.2350, the profit will be $1.

Mini lot forex

Mini lot forex size represents 10.000 trading units or 0.1 lot size, and it is the usually most common lot size in forex mini accounts that beginners traders use. In that case, 0.1 lot size profit is $10 for every 10 pips moving toward a trading position when the secondary currency is USD. So, for example, if a trader trades 1 mini lot (0.1 lot) and buys EURUSD at 1.2340 if the price hits the target of 1.2350, the profit will be $10.

Standard lot forex

Standard lot forex size represents 100.000 trading units or 1 lot size, and it is the standard size in forex trading accounts that professional traders use. In that case, 1 lot size profit is $100 for every 10 pips moving toward a trading position the secondary currency is USD. So, for example, if a trader trades 1 lot and buys EURUSD at 1.2340 if the price hits the target of 1.2350, the profit will be $100.

 

Now the most critical question:

What lot size to use in forex?

You must use a properly defined lot size based on your available portfolio balance, risk preference, and past performance. Forex lot size can be calculated using input values such as account balance, risk percentage, and stop loss. In the first step, the trader needs to define a risk percentage for trade and stop loss and a dollar per pip. In the last step, a trader must determine the lot size (number of units) for currency pairs.

Read more in our article: How to calculate lot size in forex?

What Does Not Enough Rights Mean in MT4?

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If you like to use Expert Advisors in the MT4 platform, usually, you will see some errors that will not allow you to open new trades. In the previous article, we analyzed MT4 Common error  Today we will explore another error – “Not enough rights.”

What Does Not Enough Rights Mean in MT4?

“Not enough rights” represents the MetaTrader server error that occurs when the trading server loses connection and EA works on the server. Usually, this error will appear if you log into the server using an investor password and run EA or if your server has an interruption (a couple of minutes glitch).

To solve this error, you need to check are logged on MT4 using the master password (not investor), and then you need to wait a few minutes for the interruption to be fixed and rerun EA.

For this error, it is not your fault. If your broker has an overloaded server, this error is possible.

Sometimes you will see a “Not Enough Rights” error during huge spikes on the server if you have important news.

Please see the list of all significant MT4 server errors.

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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