If you use Expert advisors very often, you can see errors like this: “Please verify operation parameters and try again later.” This Order sends error three is very dangerous because this error blocks future trades from being executed, and Expert advisors become useless.
The OrderSend Error 3 or invalid trade parameters in MT4 is called ERR_INVALID_TRADE_PARAMETERS, and it is often an error such as a standard error in MT4.
Why do invalid trade parameter errors in MT4 occur?
Invalid trade parameters errors in MT4 occur because of one of the following reasons:
- If the MQL programmer types an incorrect operation in the OrderSend() function.
- Wrong-defined slippage in input. Slippage needs to be 0 or greater.
- Order is not defined well because incorrect order tickets are passed on the function OrderModify(). Add a piece of code “if (ticket > 0)” before OrderModify().
In OrderSend() function, you can define only six operations:
- OP_BUY will Open an extended position.
- OP_SELL will Open a short position.
- OP_BUYLIMIT will open a buy limit order.
- OP_SELLLIMIT will open a sell limit order.
- OP_BUYSTOP will open a stop order.
- OP_SELLSTOP will open a stop order.
How to Fix Please Verify Operation Parameters in MT4?
To fix an invalid trade parameters error in MT4 marked as ERR_INVALID_TRADE_PARAMETERS, you must first check the MQL code is a slippage positive number defined in the input. If slippage is a positive number, then you need to check the ticketing system in MQL, and you need to add if (ticket > 0) in front of the OrderModify() function such as:
if (ticket > 0)
Usually, if you have this error, the problem is in the expert advisor code, and you can ask the programmer for help. Please see all significant errors in MT4 below:
|ERR_NO_ERROR||0||No error returned.|
|ERR_NO_RESULT||1||No error returned, but the result is unknown.|
|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_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_BROKER_BUSY||137||Broker is busy.|
|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.|
To resolve this issue, especially if you’re working with MQL code, there are various considerations to look into:
- Check Slippage: In MT4’s MQL language, the slippage value dictates how much an executed price can differ from the requested price before the trade is rejected. If your slippage is set to a negative number or an unrealistic number, it could cause the trade to fail.
- Ensure that your slippage is a reasonable positive number.
- For instance, if you’re trading major forex pairs, a slippage value of 2 to 5 pips (20 to 50 points in a 5-digit broker) might be appropriate.
- Check the Ticketing System in MQL:
- The system uses a ticketing approach when placing or modifying orders through MQL4. Every order has a unique identification number, often called a “ticket.”
- Before modifying an order
OrderModify(), you should ensure that the ticket you’re trying to modify exists and is valid. Hence, you should always check the ticket’s validity before proceeding.
- Check Other Trade Parameters:
- Validate the price you’re trying to open or modify the order. It may be rejected if it’s too far from the current market price (beyond just slippage).
- Ensure that the
TakeProfitlevels are set correctly. Depending on the broker and account settings, there may be limitations on how close these can be to the entry price.
- If you’re working with lot sizes, ensure your volume is within the acceptable range for your broker and account type. Too small or too large lot sizes can cause errors.
- Other Considerations:
- Brokers can have specific trading restrictions, such as a freeze level that prevents you from modifying or closing an order when the price is too close to the market price.
- Some trading conditions like market closures, high volatility events, or lack of liquidity can lead to these errors.
- Ensure that trading isn’t disabled on your MT4 platform and you’re not trying to trade during off-market hours.
In conclusion, the “Please Verify Operation Parameters” message in MT4 requires the trader or developer to verify that all parameters associated with a trade are correct and fall within acceptable limits. Proper debugging, logging, and frequent testing of EAs or scripts can help quickly identify and rectify such issues.