What does “off quotes” mean on MT4?
“Off quotes” is the MT4/MT5 error message and means that no price is available in 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 you have set.
Error description:
Error name: ERR_OFF_QUOTES
Error value: 136
Description: Off quotes.
Scenario 1:Connectivity problem.
Your internet connection is slow or your Firewall block Metatrader. In that case, the platform has a problem with the connection and we can see “off quotes” in the MT4 error description.
Scenario 2: off quotes mt4 problem
This is the most common problem. There is some kind of volatility in the market. Price every second goes up or down and change very fast. The best price is outside of 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, but if you are trading during volatile market conditions then a tight maximum deviation could cause your order to be rejected based on fast market movement.
When you have 4 digits broker usually there is no error. But when we have 5 digits broker we need to solve this problem.
IF you have 5 digits broker just set in “Enable maximum deviation from quoted price” value 30. A max deviation set to 30 is actually only 3 pips.
Conclusion:
Off quotes error can be solved very easily. Either you will fix internet connection or you will define a bigger maximum deviation from the quoted price.
- How to Show Bid and Ask Price on MT4 - July 6, 2020
- What is Margin Call Level on XM MT4 Platform? - July 4, 2020
- What is Forex?
