Friday, 2 July 2010

OrderSend Error 148

OrderSend Error 148 or ERR_TRADE_TOO_MANY_ORDERS can be a rather frequent MetaTrader 4 error message, especially if you are trading on some demo/real contest account. The error means that you are trying to place an order or open a position when the maximum amount has already been reached. Some Fore brokers limit the number of simultaneously open orders and positions (usually, not counting the stop-loss and take-profit orders). When the maximum has already been reached and your MT4 expert advisor sends a new order request (pending or market) you will get a ”OrderSend Error 148″ message in the Experts log of your platform; the order won’t be executed.

As an MQL coder you should handle these situations properly as they obviously lead to the incorrect functioning of the EA. Your expert advisor should be checking the maximum allowed amount of orders and try not to open new ones if the maximum is reached; alternatively it can try closing previous orders if a new order is to be opened. The amount of orders should be checked with OrdersTotal() function. There is no MT4 function to find out the maximum allowed amount of orders, so you’ll have to consult your Forex broker for that.

Unfortunately, there is no easy way to fix OrderSend Error 148 if you are trader that doesn’t know how to code in MQL. In this case your solution could probably be to ask your Forex broker to increase the limit, but that’s quite unlikely to happen. Of course, there is no point in doing this if your EA tends to open infinite number of orders. In that case it’s better to ask some coder (on a Forex forum, for example) to fix the expert advisor.

11 comments:

  1. Hey Everybody,

    Below is a list of the highest ranking forex brokers:
    1. Most Recommended Forex Broker
    2. eToro - $50 minimum deposit.

    Here is a list of money making forex instruments:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Strategies Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    Hopefully these lists are helpful to you...

    ReplyDelete
  2. Forex trading is way more easier when its traded by a forex robot and EA Builder allows you to create your own free expert advisor.

    ReplyDelete
  3. Forex Trendy is an advanced software capable of detecting the most profitable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every possible breakout.

    ReplyDelete
  4. Q: Which platform to use with this software?
    A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5,

    TradeStation, NinjaTrader... because the software runs on dedicated computers and

    you only need a web browser to get the instant result online.

    Q: How many currency pairs does Forex Trendy scan?
    A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34

    pairs x 9 time frames = 306 charts.

    Q: What method is used to determine the trend?
    A: The trend reliability is determined by the "Trend Drawdown" - a method that uses

    no indicators, but pure price action. This method is explained in the ebook you

    will get in the subscription.

    Q: Which configuration do I need?
    A: Use the latest version of any major web browser (Internet Explorer, Firefox,

    Chrome, Safari, Opera...)

    Q: Does it work on mobile devices?
    A: Yes, it has been tested on several mobile devices and browsers.

    Try it now:

    ==> http://www.forextrendy.com?bjavsdgiua7538


    "I really like your idea of taking only the best trending pair and even time frame.

    I am very impressed with such a simple and effective approach. I am not a tech guy

    and I am amazed how it works online without anything to install... I just log in

    two times a day and check for any interesting pairs."

    Stephen Ross, NY

    "I use this software every day together with my own system and two EAs. I execute

    trades only when trend drawdown is below 15% so I decreased the trade frequency,

    but I got two times better results. I am also interested in pattern recognition, I

    haven't tried it yet, but it looks amazing!"

    Julien Labonne, Florida, USA

    "I would highly recommend this service to anyone serious about forex trading.

    Another one that gives back much more than he receives. The real value for such a

    low price is rare in the forex industry."

    Sebastian, Germany


    ==> http://www.forextrendy.com?bjavsdgiua7538

    ReplyDelete
  5. Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending pairs for you.

    ==> http://www.forextrendy.com?ljsjhd8374h

    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is trending to avoid very short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

    ==> http://www.forextrendy.com?ljsjhd8374h

    ReplyDelete
  6. Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending pairs for you.

    ==> http://www.forextrendy.com?ljsjhd8374h

    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is trending to avoid very short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

    ==> http://www.forextrendy.com?ljsjhd8374h

    ReplyDelete
  7. Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending pairs for you.

    http://www.forextrendy.com?ljsjhd8374h

    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is trending to avoid very short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

    http://www.forextrendy.com?ljsjhd8374h

    ReplyDelete
  8. "Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the DEFINITE ANSWER.
    Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on daily...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
    The "PROBLEM" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.
    I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
    ==> http://www.forextrendy.com?hfsdtb63546
    The software scans 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.
    The system is running on our powerful computers, so you have nothing to download and install. Just join in and start using it within a FEW MINUTES! Get it on the link below:
    ==> http://www.forextrendy.com?hfsdtb63546

    ReplyDelete
  9. Q: Which platform to use with this software?
    A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5, TradeStation, NinjaTrader... because the software runs on dedicated computers
    and you only need a web browser to get the instant result online.

    Q: How many currency pairs does Forex Trendy scan?
    A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34 pairs x 9 time frames = 306 charts.

    Q: What method is used to determine the trend?
    A: The trend reliability is determined by the "Trend Drawdown" - a method that uses no indicators, but pure price action. This method is explained in the ebook you
    will get in the subscription.

    Q: Which configuration do I need?
    A: Use the latest version of any major web browser (Internet Explorer, Firefox, Chrome, Safari, Opera...)

    Q: Does it work on mobile devices?
    A: Yes, it has been tested on several mobile devices and browsers.

    Try it now:

    ==> http://www.forextrendy.com?laush394758


    "I really like your idea of taking only the best trending pair and even time frame. I am very impressed with such a simple and effective approach. I am not a tech
    guy and I am amazed how it works online without anything to install... I just log in two times a day and check for any interesting pairs."

    Stephen Ross, NY

    "I use this software every day together with my own system and two EAs. I execute trades only when trend drawdown is below 15% so I decreased the trade frequency,
    but I got two times better results. I am also interested in pattern recognition, I haven't tried it yet, but it looks amazing!"

    Julien Labonne, Florida, USA

    "I would highly recommend this service to anyone serious about forex trading. Another one that gives back much more than he receives. The real value for such a
    low price is rare in the forex industry."

    Sebastian, Germany


    ==> http://www.forextrendy.com?laush394758

    ReplyDelete
  10. Do you think that to dramatically improve your success rate you have to read tons of thick books,

    buy expensive software and spend countless hours of learning more about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If

    you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing

    trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE

    INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending

    pairs for you.

    http://www.forextrendy.com?vhbshygdf398432

    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and

    increase the odds of winning. You need to know "how well" the market is trending to avoid very

    short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time

    frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you

    are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets -

    by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy

    and powerful ultimate solution:

    http://www.forextrendy.com?vhbshygdf398432

    ReplyDelete
  11. Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more

    about Forex?

    What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

    Let me give you an EXAMPLE:

    Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70%

    winning trades and 30% losing trades.

    Well, HOW TO accomplish that?

    Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks

    the most reliable trending pairs for you.

    http://www.forextrendy.com?vhbshygdf398432

    By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is

    trending to avoid very short-term trends.

    STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless

    you know exactly what you are doing).

    Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

    To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

    http://www.forextrendy.com?vhbshygdf398432

    ReplyDelete