MT4 problem help!!

Sorry, if this is in the wrong place to ask this, then remove my question.

I have been trading a little over month now with my broker (MT4, ECN account). I have a problem which has happened couple of times now and I don't understand what is happening..
For example today around 40 minutes ago, I tried to close my sell order from the X on the low right corner in my metatrader view. The trade does not close, but some 'clock picture' replaces the X and I am not able to do anything with my order anymore. Of course the trade is now with loss..

Is this happening to anybody else and why this is happening? Is there any way to cancel the closing of the order.

I have of course asked this from my broker again via chat but they requested email. Last time they only replied that they are investigating it..

?😕

Sorry mate,

Don't blame them, suggest you try some demo first?

Maybe post a picture of the 'clock picture'?

Very difficult to help you with this level of non information.

Okay, so you are a MT4 trader, and have not seen this problem. That is an answer as well I guess. I have not blamed anyone I just want to understand what is happening and should I be worried..

At first, after You first time click 'X' button next to Your order, licence agreement should appear. After that You will be able to close by 'X' button.

If clock appears? Try to restart terminal and click again. If this wont help try to click RMB on that order and simply click 'Close order'.

Hope this will help!

I know MT like the back of my hand, but I have no idea what a 'clock picture' is.

Need a detailed description and preferably a screen shot.

That is a strange problem but until you find out what is causing it, you might try right clicking on the trade (forget about the X) and choose close from the dropdown menu.)
Hope this helps

Bob

Well, you can always call your broker to close the trade for you.
I would suggest to reinstall MT4 client.
Best wishes
M

Ok, thank you for your efforts. Next time if the problem occurs, I try to take print screen of the situation. This time the trade was uncontrollable for three hours 😲At least it did not close eventually at all. Loss would have been quite a lot pip wise. My new problem is actually this Myfxbook. I went for lunch an hour ago, and now it says my drawdown is 99,89% and equity -132,5%, both are untrue, Eur/Usd has barely moved during my lunch and has not affected my positions in any way....So I don't understand where this myfxbook take these numbers..

I so hate all technology, it never works...at least not for me.. 😡

Dear @kivatrading

Forex is not easy, in fact is very hard.

Before you learn how to trade in general, and learn the platform you should star demo.

If you trade manually, then MT4 is not a good platform, try Trade Station 2 if your broker offers. Most of the brokers do.

Good luck

May I respectfully disagree with the belief that forex is difficult. Some people believe that math is difficult but for some of us, it only makes sense. Two plus to plus too equals three different usage and spelling of the same word, now that's difficult, where mathematically two plus to plus too equals six, regardless of the spelling. To me, forex is the safest and most rational investment system ever created. Automation has changed everything. The new investment robots make investing on the forex so simple and safe, that a 7th grader could do it. Well an 18 year old 7th grader because of the legal age statutes.

How about 3,000 trades with one loss for 8 cents, I couldn't do that personally, it would kill me. But a robot did exactly that in 2008 during the market melt down. This was done with very little human intervention and non was required but there is a way to increase profitability with very little additional risk that human intervention could cause to happen. Not comfortable with intervening? Don't. The program will still work fine just not as profitable.

Given these facts as a basis for my claim that forex is not difficult as it is all automated now, I also claim that it is the safest market for trading as well. What make any market safe? Transparency, Liquidity, insulation and a concept of normal. No bubbles to break or books to cook or personal interest of the management as there is no management. Free for the most part from government intervention except in the US. And the forex is the closest thing we have to a pure free market on planet Earth.

However, to save from having to learn how to 'do it right' the hard way, giving rise to the belief that forex is hard, “learn before you earn”. Learn from others mistakes but don't believe in absolutes. The others have a belief based on their experience that can be helpful but what anyone says is just that persons belief, not necessarily a fact. It might be that putting a robot on a broker account and letting it do all the trading for you is very difficult or you. Maybe you want to make more money and want to play an active part, however there are robots for that too.

Trading the forex is easy, fun and productive but read first and save yourself the aggravation that others have had to endure.

Bob

PS. automated trading is mostly done on the MetaTrader4, I don't know if tradestation2 has the ability to interface with robots, maybe someone could clear that up for me.

@ForexAssistant

Yes you have the right to disagree.


But if it is so safe, PLEASE SHOW US ONE REAL ACCOUNT. Even on demos you are not impressive.

If you want to know about platforms, Trade Station is made for manual trading. Don't feel the need to comment for MT4 here (very famous).

In my opinion best platform is NinjaTrader. Made for both, manual and EA-s. Also very easy to code EA-s than in MT4 but it is a little bit costly. Some brokers offer free for use for 'big' accounts.

Ardit, thank you for the heads up on ninjatrader. I will look into it and also for that of tradestation which I can now skip.

For the live results that you asked for

https://www.forex-assistant.com/2008-2009.zip

These are the monthly statements from IBFX our broker at the time. They are all zipped up for easy downloading but to see the reports, I think you will have to unzip them. The interesting part is the win/ loss record of course, however that part we expected from the operations theory, what we didn't expect was the size of the return. Don't expect that to ever happen again, it was only because of the extreme volatility during that period of time. Our current demo is

https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913

Same thing, look at the win loss. This is a more realistic return.

There is another interesting program that was developed by one of our earlier researchers that I was quite impressed with. Look at the history on this one and you will see that there are losing trades but they all close at the same time with winning trades (group trades are called a basket hedge) for a total win for the group. This is what creates the straight line effect that you see on the graph. I didn't make this one but I would have no problem using it. It also works on U.S. brokers and that really got my attention.

Passive Income Generator - the P-I-G
http:www.myfxbook.com/members/ForexAssistant/passive-income-generator/685841

Hope this helps,

Bob

Thanks Bob

About Demos and real and realistic return, I totally agree. A good trader should aim 20-25% return on yearly basis, which is realistic.

About real account, I would like to see uploaded on myfxbook, with verified properties.

I am a little bit septic about EA-s. On real account is much harder because trades takes place on real, there is time lag, price slippage, re-quotes, etc.

I've seen EA-s that are profitable on long term, but they are very rare and I believe are mixed, not fully automated.

ahuruglica posted:
Dear @kivatrading

Forex is not easy, in fact is very hard.

Before you learn how to trade in general, and learn the platform you should star demo.


Yes forex is not easy, but we don't need bad tools to make it even harder..
Seriously Ardit, You don't know anything about my trading history. I have used demos and will use them in the future as well. But there is no point in using only demo accounts..These problems never occurred in my demo accounts. It seems that bad service is all I get, both my broker or myfxbook are not answering any of my questions..that is kind of sad and makes me wonder..

Ardit,
The systems that I linked to are not anything that you are likely to be familiar with. The systemic trading system was created to be used by a computer. No human could ever trade like it does. It crunches numbers at lightning speed and works tirelessly 24/7. The systems that we are talking about here are not fundamental or technical trading systems. It is new and our research group has been working on this new concept for over 5 years.

For systemic trading systems, there is a better way to learn about them than to have me try to explain things to you in a way that you are comfortable with. First the decision making process is all logical and there is no guess work. You can read about how the system works so there is no reason to take anything on faith. All you will need is maybe a calculator to understand why the system has to do what it does. And once you understand how the systems work you will see for yourself why being concerned over swap, slippage and time lags are pointles as they don't go with this new type of trading.

Secondly, because it really does do what we say it does, there is no reason to not let the investor find this out for himself. We let anyone who wants to try out any of our systems to do so on a demo account of their own for as long as they want. There is no risk and nothing to hide. In addition to that, even when the trader is ready to put it on a live account, we also take up some of the risk by offering a rent to own program. These programs are not the cheap $99 specials that you see all over the internet. But they do have one very important thing going for them, they work, first time, every time.

Try it out for yourself, it won't cost a cent, you don't even need a credit card to try it. You can get some information from the research site, that is the forex-assistant.com one, or you can get a copy of whatever program that interests you by going to TheSafeInvestor.com and following the directions.

There is a lot of fear when it comes to investing so we try our best to take as much fear out of the process as we can. We're not perfect but I am pretty sure you will like what you see even if it isn't right for you personally, at least you'll know that there is at least one person in this world who plays it straight and won't BS anyone.

Bob

ahuruglica posted:
Thanks Bob

About Demos and real and realistic return, I totally agree. A good trader should aim 20-25% return on yearly basis, which is realistic.

About real account, I would like to see uploaded on myfxbook, with verified properties.

I am a little bit septic about EA-s. On real account is much harder because trades takes place on real, there is time lag, price slippage, re-quotes, etc.

I've seen EA-s that are profitable on long term, but they are very rare and I believe are mixed, not fully automated.

Hi all

EA could be profitable in real and in long term, but very difficult to write with MQL cause of its lake of power, no debugger etc
Mine is written in power language with SQL (Windev) and drive multi MT4 via an API

cheers

Myfxbook issue solved, thanks to Ethan/Myfxbook! My dd is now based on real numbers (Altough still a bit high, I know..). So no complaints about myfxbook, everything in good order!😉

@kivatrading

I was close on calculation, 74.63% (current 73.51%), it's good it is solved. 😄


About demos in general just said that platforms should be tested on demo first.