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What is MetaTrader 4 Market Closed Error?

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What Is The Meaning Of “Market Closed” Error On MT4/MT5 Platforms?

In the past few years, MT4/MT5 platforms have gained much popularity, and now they have become two of the biggest trading platforms. So if you plan to use these platforms, you must know all the essential information. One of the most common problems many people face is the market closed error. However, it’s a fundamental thing, but most people don’t know about it.

What is MetaTrader 4 Market close error?

Metatrader 4 “market closed” error is an MT4 error that occurs when traders try to trade out of trading hours such as weekends, national public holidays, and at the moment when specific markets don’t trade (for example, stocks can be exchanged only several hours per day).

No trading is happening in the market if you see the MetaTrader 4 demo “Market is Closed” or MetaTrader 5 “Market closed” error. You are executing the trading positions in the wrong trading hours.

Please watch more in my video:

Below you can see MetaTrader 4 market closed error screenshot from my platform:

metatrader 4 market closed error

Some of you might have questions like why the market is closed when trading goes on 24/7. However, trading goes on 24/7, but stock trading markets are not always open. Every country has trading hours, and you can trade CFDs and Forex for limited hours.

market closed error and mt4 assests list

So to help you understand better, here are some scenarios when markets are closed.

MetaTrader 4 Market close error during weekends

As mentioned above, the forex market stays active and open 24/7 but remains closed at the weekend. So if you want to access the forex market, you can only do it five days a week. Like this, CFD instruments stay active on weekdays and remain closed at the weekend. In short, if you are new in the trading world, don’t think about the money at the weekends.

weekend as non working day

While many retail traders are busy during the weekdays, they have minimal time to keep track of charts and follow market news. Not everyone can afford to pay someone else for their trades, so weekends provide a great opportunity!
The more hours you spend studying trends in preparation on Sundays, the better your chances of making money because most people who trade offline do all their work anyway.

Cryptocurrencies can be traded 24 hours and 7 days per week. However, some brokers do not allow to trade of cryptos during weekends, and you can see the “Marked is closed” error.

market closed for cryptos

Some markets are technically open during the weekend. For example, the cryptocurrency market, Tel-Aviv Stock Exchange, and Tadawul Index – Saudi Arabia are active during the weekend. However, you will still see that the market is closed because MT4 or MT5 platforms do not work on weekends. After all, your broker does not work on weekends.

MetaTrader 4 Market close error during National Holidays

The exchange market is closed on national public holidays along with the weekends. Though these closed market hours do not come regularly, you must stay updated and check the news from your broker.

National holidays represent official public holidays when banks, schools, and many businesses in a country are closed for the day.

Remember, if your broker is from Cyprus, the MT4 platform will work during US national holidays, but for some US stocks, you will not be able to trade on that day.

Please always check our forex calendar to see working and nonworking days.  For example, below, you can see some Federal Holidays in the US when the market is closed the US:

national holidays in US

MetaTrader 4 Market close error around midnight

Some brokers do not allow their users to execute trading activities at 00.00. The main reason behind this is to prevent volatile prices and reduce the potential risks arising from the lower liquidity. Though this varies from broker to broker, if you prefer trading now, it’s better to check whether the trading is allowed 24/7.

FXPro is one of the leading online forex brokers that offer specific market hours. Along with this, it also updates you on the coming national public holidays. It announces everything on its website to smoothly go there and know about the national holidays’ market hours.

The only suggestion is that before starting trading, research everything properly. This will keep you safe from financial loss and help you trade more effectively. I hope this article will solve some of your queries and provide you with some valuable information.

So, MetaTrader 5 market closed or Metatrader 4 demo market closed errors should be considered to notice that the trading market is closed during the weekend or holiday.

How to Update MT4 on PC Manually?

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Most foreign exchange (forex) brokers use the Metatrader trading platform for their forex traders. Metaquotes is the MetaTrader software developer, and it has developed two versions of the software, Metatrader 4 (MT4) and Metatrader 5 (MT5). Like most software developers, Metaquotes releases new versions of MT4 and MT5 periodically. These new versions may fix the bugs in the earlier version. Additionally, the latest version of the software will include new features that will make it easier for the forex trader or improve their performance while trading in forex. Most people prefer to update the Metatrader, which they have installed on their desktop since the personalized settings will be retained.

How to Update MT4 on PC Manually?


The trader can update MT4 manually by right-clicking on the Metatrader icon on the desktop. Then the trader needs to run the application as an administrator (“Run as administrator” option). When MT4 or MT5 is opened, and the computer is connected to the internet, the latest version will be automatically installed.

This updating method will ensure that all the forex trader’s information is retained; no time has to be wasted customizing or adding data. If this procedure doesn’t work, the traders can update MT4 manually by simply re-downloading the MT4/MT5 platform and replacing it with the new one.

how to update MT4 on PC

Let us make a simple summary:

MT4 update can be done using these steps:

  • Go to the broker’s website and re-download your MT4/MT5. Replace the platform with a new one.
  • Press right-click on the MT4 (MT5) desktop icon and click “Run as administrator.” When you reopen the MetaTrader platform, automatic Live updates will start.

run as administrator MT4

MetaTrader Update options

Typically, like most software, the default setting for MT4/MT5 automatically updates the software. The software will periodically check the Metaquotes website to determine any new updates. These new updates will be downloaded automatically on the computer, laptop, smartphone, or another gadget where MetaTrader is installed. The updates will be made automatically so that the updated version is available. However, in some cases, the forex trader would prefer to update mt4 manually since they want to control what is downloaded on the computer.

If MT4 “Run as Administrator” option does not work – try to update the Metatrader platform manually.

Steps to Update MT4 on PC Manually

To update MT4 on a PC manually when an automatic update doesn’t work, you need to do the following steps:

  • Check MT4 version
  • Try the “Run as administrator” option
  • Create a backup (copy folders Tester, Indicators, Experts)
  • Backup profiles from MT4
  • Uninstall Mt4 platform
  • Download new platform from brokerage website
  • Install new platform

 

 

Check MT4 or MT5 version on the desktop.

To see which Mt4 version you have on PC, go to the MT4 help section and choose “About”:

check MT4 version in about page

People with a slow internet connection may not want automatic updates since it will make their connection even slower. So they will change the default update option in MetaTrader from automatic to manual. However, in this case, they will have to manually check the MetaTrader version installed on their computer and find out the latest version, which is available on the official website. The version information is available in the help section of the MetaTrader menu under the about subsection.

 

It will have details of the version and build. If there is any difference, they will have to arrange a manual update of the MetaTrader on their computer to the latest version.

 

Backup MT4 platform before update and installation

To back up the MT4 or MT5 platform, you need to save the following folders:

  • Expert Folder
  • Indicators folder
  • Templates Folder
  • Save your profile

To backup your templates folder:

backup templates folder

To back up the Indicators and Experts Folder, copy folders from the MQL4 folder:

Experts and Indicators folder back up

Backup tester folder:

backup tester folder

Back up profile file from MT4:

back up profiles files in mt4

Finally: Remove Mt4 platform from PC:

uninstall mt4 from PC

remove program mt4 from pc manually

Install New MT4 software

The latest version of the forex trading software can be downloaded from the broker’s website and installed after uninstalling the earlier version. This fresh installation of MT4 or MT5 will remove any customized settings of the forex trader; he may have to spend some time customizing the settings again. If the older version of MT4 or even the device where it is installed is hacked, uninstalling is a better option. Since updating, the earlier version may also allow hackers to retain control of the gadget and steal confidential information.

You need to go to the brokerage website to download the new MT4. See image below (Fxpro mt4 platform):

download mt4 from fxproFinally, after installation, you can add your indicators, expert advisors, tester files, and profiles to a new platform.

Export Live Data from MT4 to Excel – Excel RTD MT4 Download

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Microsoft Excel is one tool that almost everyone uses. Whether you are a student, a business person, a trader, or even a homemaker, you can use this tool to organize everything from content to expenses. On the surface, Microsoft Excel looks like a sheet that can help you manage your content. Still, it offers many other functionalities that could be highly useful for traders when used correctly. 

MetaTrader 4 is a popular Forex trading platform. It offers many features and tools to make trading more accessible and practical. Traders can use these tools to devise efficient trading strategies. However, one is required to know MQL Programming to experience the full potential of these tools. Coding is not common, and managing all the Expert Advisors (EAs) and indicators can leave many feeling overwhelmed. If you find the MQL language challenging to understand, you can try Microsoft Excel.

Export MT4 data to Excel

A trader can export live data from MT4 to Excel using a free MT4 file. In the first step, a trader must enable Enable Dynamic Data Exchange Server (DDE server) in the Metatrader Tools/Options section. In the next step, a trader must open the DDE-sample file from the Program Files directory. A trader can change values in that Excel file and add new columns, rows, and instruments.

Let us see the steps:
Step 1: Enable DDE server MT4
Open Tools and Options in MT4
Enable DDE server in MT4

Step 2: Open the DDE sample Excel file:
Open DDE sample Excel file - MT4 to Excel

Step 3: Connect mt4 to excel. Add new instruments, quotes, rows, and columns and update live data (low, high, ask, and bid price):
add quotes live data in Excel from MT4

In Excel, traders can call ASK, BID, HIGH, and LOW prices using commands and manually add new instruments:

BID request: = MT4|BID!USDCHF result: 1.2234
ASK request: = MT4|ASK!USDCHF result: 1.2235
HIGH request: = MT4|HIGH!USDCHF result: 1.2238
LOW request: = MT4|LOW!USDCHF result: 1.2134
TIME request: = MT4|TIME!USDCHF result: 21.05.02 11:52
TIMES request: = MT4|TIME!USDCHF result: 21.05.02 11:52:43
QUOTE request: = MT4|QUOTE!USDCHF result: 21.05.02 11:52:43 1.2234 1.2235 1.2238

This is one of the most straightforward transitions possible in the trading market. You can easily export live data from MT4 to Excel. This is how you can transfer prices:

Run the Excel software and open a chart.

  1. Click on the file. You a box will appear. You need to click on ‘Save As.’
  2. You can now rename the file per your comfort.
  3. Make sure that the file is in .csv format. CSV is the acronym for Comma Separated Values. MS Excel supports this format.
  4. Now, click on ‘Save,’ and you are done.

Benefits of Exporting MT4 Prices to Excel

Let’s begin by stating the obvious; using Microsoft Excel is easy. You can find a lot of tutorials online that can assist you in learning shortcuts as well. Furthermore, as it is a popular software, the chances are that you can easily find someone in your vicinity to tell you more about it. Now, let’s see the other benefits of this software that will convince you to export MT4 prices:

  • You can easily view data for more extended periods.
  • Excel files do not require a lot of space. Thus, you can easily share Excel files with others as attachments. 
  • You can use this software for price comparisons if you use multiple brokers on the MT4 platform.
  • You do not need super-speed internet for Excel. It works offline, as well.
  • You can take advantage of this software if you are one of those who find it difficult to set up platforms.
  • Excel does not crash the way platforms do. If it does, your data gets automatically stored.
  • It is not expensive software. If you already have Office, Excel will not cost you a thing.

Export Live Data from MT4 to Excel

The Drawbacks or Limitations of Using Microsoft Excel

While MS Excel is excellent software, it does have a few limitations rather than drawbacks. One of the most critical limitations arises from MT4’s inability to save ask prices. As the MT4 platform keeps only bid prices, you will export only this data to Excel. You can easily export the history of price movements and do it as frequently as you wish; you cannot stream live information on MS Excel.

Excel RTD MT4 download

Below you can Download EXCEL RTD Premium Tool to export live MT4 data to Excel. This  MT4 excel plugin is available for free to all HFM live traders. If you are not a live trader, please register below:

VISIT HFM

 

Traders in MT4 can use a special MT4 Excel plugin to export MT4 data to Excel. HFM broker offers an excellent free tool for exporting MT4 data to Excel.

How Excel RTD MT4 Script works

Download the EXCEL RTD tool and export live data from MT4 to Excel

In this video, you can see how it works:

Excel is an essential software with several advantages. It is a reasonable buy and easy to understand. However, it is its qualities that, sometimes, render it inadequate. If you want to up your game, you can ask a professional programmer to help you understand how to use the MT4 platform and its tools like the EA and magic numbers. The programmer will also assist you in managing bugs. However, keep in mind that it will be an expensive alternative.

mt4 plugin to excel data

There is a middle way, as well. You can buy software or an application from a third party. These applications can work separately as well as an extension of MS Excel. These applications are generally easy to understand. You only need to remember with third-party vendors that your information on the MT4 platform becomes vulnerable. You must ensure that the vendor is trusted and offers good customer support. We advise you to use a VPN blocker when using a third-party extension.

Export MT4 account history to excel – Download Script


To export MT4 account history to Excel, you must use Script to export account history from HTML to CSV. Later, you can easily import the CSV file into Excel.

Download MT4 Script :


 MT4 account history to the excel script


Just add this ex4 Script to MQL4/Script directory. This script will automatically transfer account history to CSV.

How to Add Funds to MetaTrader 4? – Fund MT4/MT5 Demo or Live Account

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A lot of beginner traders ask a trivial question, how to put money on MetaTrader 4. The most important fact is that each trader needs to have a broker. All deposits, withdrawals, settings, and leverage can be set in the broker’s platform when you have access to the broker’s client area.

How to deposit money into MetaTrader 4?

If logged into the broker’s members area, the trader can add money to the MetaTrader 4 platform, pick the deposit method, insert the deposit amount, and create the transaction. Money can not be added directly to the MT4 platform because the broker adds funds to your live account. All trades, deposits, and withdrawals trader manage using the online broker’s client area.

To deposit into MetaTrader 4 account:

  • Log in to your broker’s account using your live account username and password.
  • Go to the ‘Finance/Deposit’ tab and click ‘Deposit. ‘
  • Choose the preferred online payment system.

When you open a live account, you must log in and add funds!

Let us see an example of how to add Funds to MetaTrader 4 or transfer funds using Hotforex broker:

This is a list of payment options (deposit and withdrawal) for Hotforex broker:

Deposit and withdrawal optionsMax. Deposit AmountMin. Deposit AmountDeposit Time
Wire TransfersUnlimited$100Funds sent by wire transfer usually take between 2-7 working days to be credited to your account.
Credit Card Union Pay$8,000 $50Up to 24 hours
Maestro card$10,000 $5Up to 10 minutes
Mastercard$7.500 per transaction$5Up to 10 minutes
Visa$10,000 $5Up to 10 minutes
Visa Electron$10,000 $5Up to 10 minutes
Bitcoin Cash$10,000 $5Up to 10 minutes (If bitcoin transaction is confirmed in the network)
Bitcoin BTC$10,000 $5Up to 10 minutes (If bitcoin transaction is confirmed in the network)
Bitcoin by Skrill$500$5Up to 10 minutes (If bitcoin transaction is confirmed in the network)
Crypto payments$10,000 $100Up to 10 minutes (If transaction is confirmed in the network)
FastPay$5,000 $5Instant
Neteller$50,000 $5Instant
Skrill$10,000 $5Instant
VloadDepends on your VLoad Tier$10Up to 10 minutes
Webmoney$50,000 $5Instant

So, without a broker, trade can not put money on MetaTrader 4.

How to add money to the MT4 demo account?

To add money to the MT4 demo account, log in to your Broker’s area, go to Accountsnts’, click on the demo account heading, pick wished balance, and select ‘Add Funds.’ However, some brokers do not allow demo account refilling, and maybe you will need to open a new demo account.

See an example of how you can add money to the Fxpro MT4 demo account below:

how to add funds to mt4 demo account

How to transfer money from MetaTrader 4?

How to withdraw cash from Metatrader 4?


To withdraw money from your MT4 account, log in to the broker’s client area, go to the “Accounts” section, and select the Withdrawal option. Next, select the withdrawal method (Bank wire, Skrill, PayPal, Credit Card, etc.) from the available withdrawal methods drop-down list and choose the withdrawal amount.

How to add funds to the different MT4 demo accounts?

To add funds to any MT4 demo account, go to your broker’s membership portal, log in, go to My accounts/Add funds and add virtual money.  However, a few brokers offer this option, such as Fxpro broker. Most brokers ask you to open a new demo account if you spend all money in your old account.

We will create one research and try to add money to MT4, MT5 demo, and live accounts.

To add money to the MT5 account, learn more from our article.

Add Money to FxPro MT4 and MT5 Demo and Live account

For example, if you visit the Fxpro website, register, and then log in, you will see a special section to add money to your FxPro MT4 account:

Fxpro add funds to real and demo MT4 account

Add Money to HFM MT4 and MT5 Demo and Live account

Some brokers do not allow to fund demo accounts, so you need to add a new one when you spend all your money. For example, if you register to HFM broker, you will be able to choose the type of the demo account (image below):

hfm choose demo account

After you pick the MT4 demo account type, you can add money to the HFM MT4 account easily, like in the image below:

fund HFM demo account

The same procedure is for a live MT4 account. To add money to the live HFM MT4 account, you need to go to “Open Live account,” then choose the live account type and set the amount:

add money to live HFM MT4 account

Here in the image above, you can see that this broker offers a special 100% trading bonus for non-EU residents.

The procedure to add funds to the MT5 account is the same as for the MT4 account, as you can see in the image below:
add money to live MT5 account

Add Money to IC Markets MT4 and MT5 Demo and Live account

To add money to IC Markets forex broker money to MT4 or MT5 demo or a live account, you just need to login, go to Account and pick top open demo or live account. After that, you need to define the amount, MT4 or MT5 type of platform, and currency like on the image below:

add money to IC Markets MT4 and MT5 demo and live account

As you can see on the image, IC Markets allows you to create a demo or live accounts, not just for MT4 or MT5 platforms; you can do that for cTrader.

IC Markets is easy to use, and you can, in a few seconds, add a demo or live account:

brokerage dashboard where you can access and add money to metatrader accounts

How to Check MetaTrader 5 Market Open Time? – MT4 Market Opening Times

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Usually, the Metatrader platform works from Monday morning till Friday night. Each broker has a different time zone and different working hours.

MT4 Market Opening Times

MetaTrader Opening Hours (trading hours) start at midnight between Sunday night and Monday morning. For some brokers, trading hours begin on 22 Sunday nights (because of different time zones), and some at 00 AM. Most GMT zone brokers allow trading from Monday at 00.01 AM till Friday at 11.59 PM.

How to see Metatrader server time?

To seeMetatrader server time, you need to open the MT4 or MT5 platform and then make visible widget Market Watch. Go to View Menu, then choose Market Watch to make the widget visible and to see the current server time.

Here you can see Metatrader’s current time and figure out Time Zone:
Market watch Metatrader 4 server time

MetaTrader 5 Market Open Time

MetaTrader 5 Market Open Time usually starts around 11 PM GMT+2 on Sunday, while the market close around 11 PM GMT+2 on Friday. However, the market opening time depends on brokerage server time and working hours. Some brokers enable trading from 9 PM on Sunday, while others allow MT5 trading a few hours after midnight in early Monday morning.

MetaTrader 5 market opening time matches MT4 market opening times for the same broker!!!

MT5 market watch server time

 

 

Of course, except forex, traders can trade various instruments using the Metatrader platform. Each non-forex market has different opening hours. For example, indices, gold, or US stock markets open at other times.

MetaTrader Open Time and Close time by Brokers

In this article, we will do one research. I will visit top forex broker websites and look for information about trading servers. My goal in this research is to figure out when trading assets will be enabled for trading. While stocks can be traded only several hours per day, the forex trading market is open for a trading whole working week from Monday to Friday. However, you will see that each broker has different working times.

This research is essential because if you want to close your trade before the weekend, you need precisely when the closing time is. Additionally, if you know some important news from the weekend that can impact trading price, you may need to open a trade just after the market opens when your broker allows you to do it.

Research results are presented in the Table below:

In the Table below are presented opening and closing times for the MetaTrader platform for various brokers:

BrokerMetatrader open timeMetaTrader closing timeVisit
HFMMonday 00:00:51 GMT+2 winter (GMT+3 summer)Friday 23:59:59 GMT+2 (GMT+3 summer)VISIT HFM
FxProSunday 23 GMT+2 winter (GMT+3 summer)Friday 23 GMT+2 winter (GMT+3 summer)VISIT FXPRO
AvatradeSunday 22 GMT winter (GMT+1 summer)Friday 22 GMT winter (GMT+1 summer)VISIT AVATRADE
ExnessSunday 23:05 GMTFriday 20:59 GMTVISIT EXNESS
OctaFxMonday 12:01 am EET/ESTFriday 23:59 EET/ESTVISIT OCTAFX
IC MarketsMonday 00:01 winter GMT+2 (GMT+3 summer)Friday 23:57 GMT+2 winter (GMT+3 summer)VISIT IC MARKETS
DukascopySunday 22 GMT winter (21 GMT summer)Friday 22 GMT winter (21 GMT summer)VISIT DUKASCOPY
XMSunday 22:05 GMTFriday 21:50 GMTVISIT XM

As shown in the Table above, major forex brokers and foreign exchange market trading hours have similar opening times. For example, HM MT4’s opening time is just 1 minute after midnight on Monday (GMT+2 during winter and GMT+3 during summer), while closing time is on Friday on 23:59:59. FxPro MetaTrader opening time is Sunday 23 GMT+2, while MetaTrader closing time is on Friday 23 GMT+2.

Additionally, the Avatrade MetaTrader’s opening time is Sunday 22 GMT, while MetaTrader’s closing time is Friday 22 GMT. Exness MetaTrader’s opening time is Sunday at 23:05 GMT, while MetaTrader’s closing time is Friday at 20:59 GMT. Additionally, the Dukascopy MetaTrader’s opening time is Sunday 22 GMT, while MetaTrader’s closing time is Friday 22 GMT.

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