What is OrderSend Error 131?
OrderSend error 131 is a common error that occurs during Forex trading due to misunderstanding between the trader and the broker. It occurs when an order is sent to the broker, and the broker rejects it due to instructions not being as clear as they should be. In other words, it indicates the problem with the broker-trader communication. The error occurs as a result of the following elements: no available liquidity, unbalanced order parameters, and wrong data type sent.
What Causes OrderSend Error 131?
There are several causes behind the occurrence of OrderSend error 131. It can be caused due to an unsuitable price, wrong volume, and lack of available liquidity. Such errors tend to happen when the price is not appropriate for the desired order, and the broker is unable to fulfill the order. It can also occur when the trader attempts to enter a position size that is large for the available liquidity in the market. Another common cause of this error is when the wrong data type is sent from the trader.
How to Avoid OrderSend Error 131?
In order to avoid OrderSend error 131, traders should take a few simple precautions. First, they should ensure that their trading strategies are suitable for the amount of available liquidity in the market. Secondly, they should ensure that their orders are well-structured and include all the necessary details for the broker to fulfill them. Finally, they should ensure that the data type they are sending is compatible with the broker’s system. By doing so, traders can minimize the occurrence of OrderSend error 131.
In conclusion, OrderSend error 131 is a common error that occurs during Forex trading. It usually occurs due to misunderstanding between the trader and the broker, with the causes being unsuitable price, wrong volume, and lack of available liquidity. To avoid OrderSend error 131, traders should make sure their orders are clear and that the data type sent is compatible with the broker’s system. With the right knowledge and precautions, traders can reduce the frequency of these errors during Forex trading.
Understanding OrderSend Error 131
OrderSend Error 131 is an error message that can appear in MetaTrader 4 (MT4) when a trader attempts to open a new order. This particular error occurs whenever the volumes of a trading order are either too small or too large for the broker. Understanding what this error means and how to fix it is essential for traders, as they can avoid potential losses and keep their trading operations running smoothly.
What Causes OrderSend Error 131?
OrderSend Error 131 usually occurs when a user attempts to open an order with an incorrect volume, either too high or too low. The maximum order size caps are imposed by brokers and are known as the maximum order size or lot size. This means that, while MT4 can allow users to open orders of any size, if the size exceeds the limits imposed by the broker then the error will occur.
How to Diagnose OrderSend Error 131?
To diagnose OrderSend Error 131, traders should first ensure that they are correctly entering in the correct size restrictions imposed by their broker into the MT4 trading platform. If this is configured correctly and the error still occurs, the next step is to check that the trade size entered is in accordance with the limits set by the broker. Once traders have fully diagnosed what exactly is going on, they can then proceed to correct the issue by either changing the size of the order or adjusting the lot size in the MT4 platform.
How to Fix OrderSend Error 131?
To fix OrderSend Error 131, traders should firstly check the maximum order size settings in their MT4 account and set the volume size to within these limits. If the order size chosen is still too large, then the trader should scale it back to a lower size, depending on their broker’s lot size restrictions. When scaling back an order size, it is essential that traders choose the correct position size, as this will also help to improve overall risk management. By correctly following these steps, traders should be able to quickly and easily fix the error and get back to trading without any further issues.