What does it mean when MT4 says off quotes?

What does it mean when MT4 says off quotes?

This means that there have been no new prices on the selected instrument for some time, and these last prices can no longer be treated as market prices. For this reason, when you try to execute an order at these prices, the trading server returns an ‘Off quotes’ message and denies execution.

Will MT4 be phased out?

MT4 will stay as long as Metaquotes makes its major returns with it and there is nothing available to substitute that cash flow.

What does Quotes mean in forex?

A forex quote is the price of one currency in terms of another currency. These quotes always involve currency pairs because you are buying one currency by selling another. For example, the price of one Euro may cost $1.1404 when viewing the EUR/USD currency pair.

How do you read exchange rate quotes?

No matter which currency is the base currency—whether USD, EUR or any base currency—the base currency always equals 1. The quoted amount, 1.3600 is the amount of the quote currency, USD, it takes to equal 1 unit of the base currency, EUR. The meaning of this hypothetical quote is that 1 USD equals . 7352 EUR.

What is deviation in mt4?

Standard Deviation – value of the market volatility measurement. This indicator describes the range of price fluctuations relative to simple moving average. So, if the value of this indicator is high, the market is volatile, and prices of bars are rather spread relative to the moving average.

What is maximum deviation in forex?

In other words, checking the maximum deviation box and setting it to two pips indicates that you are willing to accept a price that deviates 2 pips above or below the requested price. This will reduce the number of requoted orders, which is especially helpful at times of high market volatility.

Do professionals use MetaTrader?

That is significant and demonstrates that whilst many experienced FX industry professionals could certainly consider MetaTrader 4 to be more of an affilite marketing platform than a de-facto trading tool, especially when considering its origins, it is a vital component to over 80% of all brokerages worldwide.

Who owns MetaTrader 4?

Metaquotes Software Corp.
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders….MetaTrader 4.

Developer(s)	Metaquotes Software Corp.
License	Metaquotes Software Corp.
Website	www.metaquotes.net/en/metatrader4

What happens when the quote currency weakens?

For example, if USD/NGN (dollar to Nigeria’s naira) was quoted at 315.30, that means that $1 USD = 315.30 NGN. If this quote drops to 310.87, the U.S. dollar would be said to have weakened compared to the Nigerian naira since $1 USD translates to fewer naira than before.

What happens when the base currency is stronger than the quote currency?

For these pairs, where USD is not the base currency, a rising quote means the US dollar is weakening and buys less of the other currency than before. In other words, if a currency quote goes higher, the base currency is getting stronger. A lower quote means the base currency is weakening.

How do I know when to buy or sell in forex?

Knowing when to buy and sell forex depends on many factors, such as market opening times and your FX trading strategy. Many traders agree that the best time to buy and sell currency is generally when the market is most active – when liquidity and volatility are high.

What is the best deviation in forex?

Standard deviation is considered as one of the most reliable indicators available to traders, but under certain conditions. In trending markets where volatility is moderate and price oscillation is concentrated around the middle of the range, the standard deviation indicator is one of the best tools you would find.

What is the maximum deviation?

Maximum deviation is a parameter set by the Client on the client’s terminal that determines the maximum deviation (in pips) between the execution price and the requested price when opening and closing a position.

What is Metatrader deviation?

Standard Deviation — value of the market volatility measurement. This indicator describes the range of price fluctuations relative to Moving Average. So, if the value of this indicator is high, the market is volatile, and prices of bars are rather spread relative to the moving average.

What is instant execution in MT4?

Instant Execution. In this mode, the order is executed at the price offered to the broker. At sending the order to be executed, terminal sets the current prices in the order. If broker accepts the prices, the order will be executed.

Who is the owner of MetaTrader?

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders….MetaTrader 4.

Developer(s)	Metaquotes Software Corp.
Operating system	Windows, Android, iOS
Type	Trading platform, Technical analysis software
License	Metaquotes Software Corp.

Can MetaTrader be trusted?

MetaTrader 4 is safe. It encrypts all the data between trader and server and conceals your IP address while you make investments and trades through the platform.

Is MetaTrader 5 GOOD?

MT5 is fast, reliable, and cost-efficient. It has forex data feeds for you not to seak majors to trade or test. We use it for backtesting of forex strategies cause it has extensive tick history and even volume sizes within a given ECN. I executed my own savings trades to assess and avoid risks related to CFD trading.

What is the minimum deposit for MetaTrader?

Best MetaTrader (MT4) Brokers

Minimum Deposit	$200
Trust Score	86
Tradeable Symbols (Total)	3583