MT4 is a popular trading platform. The latest version of this platform is MT5. As MT4 is getting older, developers have essentially stopped the release of updates, which can cause troubleshooting issues. With that said, if you feel reluctant to upgrade from MT4 to MT5, you must know how to troubleshoot the most common issues that can arise with MT4.
Read on to learn more.
Disability of Trading Major Currency Pairs
The configuration of MT4 can cause issues with currency pairs that can no longer be traded or hidden. MT4 uses conversions and symbols for its internal calculations. This aspect can make conversion symbols appear in your watch list automatically. Despite the fact that you can see the real-time prices and graph data, you are not able to trade conversion symbols. Nonetheless, you can easily resolve this issue by choosing another trading instrument from the MarketWatch panel. Subsequently, you can hide those specific conversion symbols and focus on others.
Hidden Trading Pairs
Another potential issue that you might face with an mt4 download is that some of the trading pairs might not appear at all. Sometimes, in the MarketWatch, MT4 only displays a handful of symbols, especially when you are logging into a new MT4 account.
The good news is that you can easily resolve the absence of trading pairs by opening the MarketWatch window in MT4. Usually, this window opens by default. Once it’s opened, right-click inside the window. To have all the instruments on immediate display.
Resolving Update Errors
Typically, update errors appear when the platform can no longer receive fresh data from the server. This problem might have several underlying reasons, such as bad internet connectivity. With the appearance of update errors, you might have to deal with update errors in the charts and price list, too, making trading, along with analysis, unavailable.
Nonetheless, you should know that this issue, if it occurs for one symbol only, might be caused by the fact that you selected an obsolete symbol in the chart. If you are using the older version of MT4, outdated symbols are prone to appear.
You can resolve this troubleshooting issue by checking if the selected symbol is outdated. All you need to do is hover your mouse over it in the panel.
Resolving An Invalid Account
If you’re dealing with an invalid account error, it typically refers to a problem that arose at the time of logging into the trading account. This potential error can be caused by several reasons, such as wrong login credentials. As a matter of fact, the most common reason for an invalid account error comes down to the use of the wrong password or wrong account number. With that said, you might want to double-check the credentials that you are inputting and correct them if needed.
You should know that every broker has its own MT4 server. An incorrect server can also cause this issue. Some brokers have multiple live and demo servers. To effectively resolve this issue, make sure you are connecting to the right server.