Off quotes in MT4
“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 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.
In the video below, see how to fix the “Off quotes” in MT4 error:
Error description:
Error name: ERR_OFF_QUOTES
Error value: 136
Description: Off quotes.
Scenario 1: Connectivity problem.
“Off quotes” in the MT4 platform usually indicate a break in internet connectivity and resulting in no current prices is 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 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. Still, 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.
Off quotes, the MT4 volatility problem can be solved in two ways. During the volatile markets, a trader can avoid trading, or the trader can use the “Enable maximum deviation from quoted price” option in MT4.
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, MT4 error can be solved very easily. Either you will fix the internet connection or define a bigger maximum deviation from the quoted price.
