Jump to content
  • 0

MT4 platform strategy tester incorrect currency spread on non trading days

Guest kirc




I am currently using MT4 platform provided by IG. All seems well except for one problem which was consistently observed.


I am using MT4 expert trader to back test strategy on EURO/USD currency pair. I noticed that when i use strategy tester during the trading days (Mon - Fri), i was able to get accurate simulation on the trades with the correct spread (0.6 - 0.8). However, if i were to run the strategy tester during non trading days, i was getting false spread as high as 30 - 50 pips.  This greatly affected the effectiveness of using strategy tester during non trading days. 


I tried to adjust my expert trader code to close the trades at "adjusted Ask/bid" prices, unfortunately, the  error : "EURUSD,M1: OrderClose error 138" occurred and no trades could be closed properly due to the wrong quotes on currency spread. 


Attached a figure which details the incorrect spread (eg 50 pips) instead of the usual IG spread (6-8 pips)




Is this a known problem in the system? Anyone knows of a workaround?

Link to comment

4 answers to this question

Recommended Posts



Welcome to the IG community!


The error you are referring to  is the strategy is trying to close a trade when the market is closed and so a 'Requote' related error should be seen.


The strategy I assume is triggering to do this because of the spreads being put to a wider level and so it is seeing this as a trading opportunity. With that in mind a solution if this was during trading days would be to use the RefreshRates function, however this would have no impact given the market is closed. I have looked into a number of other sources that suggest this may be related to the code itself. With that in mind I would be inclined to suggest checking the metaquotes coding forum that will be able to shed some light on this error.


MetaQuotes - MT4 Tech Forum


I hope that helps!







Link to comment

Hi Tim,


Actually what i am trying to highlight here is that the data feed from MT4 on the currency pair EURO/USD appears to be wrong during the non trading days. I am trading on mini forex (0.1 contract).


In my previous screenshot which was captured from http://www.ig.com/sg/ig-forex/eur-usd (IG webpage) , the currency spread quote from IG MT data centre was 50 pips.  Now today, if you visit the website again on non trading days, the currency spread becomes 46 (please refer to the Sell and Buy prices). I attach the screenshot taken from same IG website for your reference.



When running strategy tester on non trading days, none of my trades will be profitable based on the spread value of 46 as shown above. Is this expected?  

Link to comment

Here's the corresponding screenshot of the live quote prices for ASK and BID on EURO/USD on an active trading day. Apparently, the spread is correct (6 pip points, 5 decimal).  On non trading days, this goes up to 40-50 pip points as indicated in my earlier screenshots. Is this a technical issue?




Link to comment



Thanks for sharing the screenshots. Given the market is closed there will be technically be no price at all given the market is not trading and so the spread value of 50 is simply a value that we have set just for illustrative purposes so charts can be viewed on the weekend.


I hope that helps and if there is antyhing else you would like me to clarify then please let me know and I will be glad to help.

Link to comment


This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 01/12/23 06:04
  • Posts

    • Poorer economic data from South Korea and China put pressure on Asian markets, with China's manufacturing declining for a second month in a row and South Korea seeing industrial output fall by the biggest monthly amount in ten years. Stocks in Europe were given a lift yesterday by slowing German inflation figures, and this also helped to support Wall Street to an extent. More inflation data is expected today, this time from France and the eurozone, along with the US PCE price index. Given the surge in stock markets over the last month, and with month-end upon us, any uptick in US inflation data could put some pressure on equities. Also on the calendar for the day is the OPEC+ meeting, with the body discussing further output cuts given the recent weakness in oil prices.   
    • USDCHF Elliott Wave Analysis Trading Lounge Day Chart, 1 December 23   U.S.Dollar/Swiss Franc(USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis Function:   Trend Mode: impulsive   Structure: blue wave 1 Position:  Black wave 3 Direction Next Higher Degrees: Blue wave 1(may started) Details:  red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60  .Now blue wave 1 of 3 is in play .  Wave Cancel invalid level: 0.85548 The "USDCHF Elliott Wave Analysis Trading Lounge Day Chart" for 1 December 23, provides a detailed examination of the U.S. Dollar/Swiss Franc (USDCHF) currency pair within a daily timeframe, utilizing Elliott Wave principles for technical analysis. The analysis identifies the primary "Function" as "Trend," indicating a focus on discerning and comprehending the prevailing trend in the market. This suggests an emphasis on understanding the directional movements that could guide traders in their decision-making. The specified "Mode" is "impulsive," suggesting that the market is currently displaying characteristics of an impulsive wave. Impulsive waves are indicative of strong, directional movements in the market, signifying a potential trend in progress. The main "Structure" under scrutiny is "blue wave 1," implying that the analysis centers on the initial wave within a larger Elliott Wave structure. This indicates an attempt to capture the early stages of what could be a significant market movement. The designated "Position" is "Black wave 3," signifying the broader-degree wave within the Elliott Wave structure. This indicates that the analysis is conducted with a broader perspective, considering the potential third wave within a larger degree of trend. The directional guidance for "Next Higher Degrees" is "Blue wave 1 (may have started)," suggesting an anticipation of the initiation of a potential larger-degree trend. This aligns with the impulsive mode, indicating a strong move in the upward direction. Regarding "Details," the analysis notes that "red wave 5 blue wave C of 2 looking completed between fib level 61.80 to 78.60." This provides traders with a specific range of Fibonacci retracement levels within which the completion of the previous corrective wave is expected. The "Wave Cancel invalid level" is set at 0.85548, serving as a crucial reference point for potential invalidation of the current wave count. This level acts as a guide for traders, indicating potential trend reversals or confirmations. In conclusion, the USDCHF Elliott Wave Analysis on the daily chart suggests the potential commencement of an impulsive wave (blue wave 1) after the completion of a corrective phase. Traders are provided with insights into specific Fibonacci levels and a key reference point for potential trend reversals or confirmations in the broader trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
  • Create New...