Sometimes, especially during backtesting or in case of a badly designed expert advisor, the OrderSend Error 134 (or
ERR_NOT_ENOUGH_MONEY) appears in the Journal log of your MetaTrader 4 platform. In MT5, this error is called
TRADE_RETCODE_NO_MONEY and has a code 10019. The reason for this error is the same for both versions of the platform — the lack of free margin to execute the
OrderSend() function for the given position volume. The methods to solve this error are quite different (we won't discuss the obvious non-coding solution, which is to deposit more funds to your trading account).
In MetaTrader 4, you have to code your EA to perform the following check before executing
It will check how much free margin will be available after opening a position with the volume = Volume in a given direction = Direction. But comparing it with 0 isn't a very good solution. One should pay attention to the broker's stop-out level to consider the margin requirements:
if (((AccountStopoutMode() == 1) && (AccountFreeMarginCheck(Symbol(), Direction, Volume) > AccountStopoutLevel())) || ((AccountStopoutMode() == 0) && ((AccountEquity() / (AccountEquity() - AccountFreeMarginCheck(Symbol(), Direction, Volume)) * 100) > AccountStopoutLevel())))
This will check the way your broker applies
For MetaTrader 5, this condition would look like this (replace
SYMBOL_MARGIN_SHORT if you want to check margin before opening a short position):
if (((AccountInfoInteger(ACCOUNT_MARGIN_SO_MODE) == ACCOUNT_STOPOUT_MODE_MONEY) && (AccountInfoDouble(ACCOUNT_FREEMARGIN) - SymbolInfoDouble(Symbol(), SYMBOL_MARGIN_INITIAL) * Lots * SymbolInfoDouble(Symbol(), SYMBOL_MARGIN_LONG) > AccountInfoDouble(ACCOUNT_MARGIN_SO_SO))) || ((AccountInfoInteger(ACCOUNT_MARGIN_SO_MODE) == ACCOUNT_STOPOUT_MODE_PERCENT) && ((AccountInfoDouble(ACCOUNT_EQUITY)/(AccountInfoDouble(ACCOUNT_EQUITY) - (AccountInfoDouble(ACCOUNT_FREEMARGIN) - SymbolInfoDouble(Symbol(), SYMBOL_MARGIN_INITIAL) * Lots * SymbolInfoDouble(Symbol(), SYMBOL_MARGIN_LONG))) * 100 > AccountInfoDouble(ACCOUNT_MARGIN_SO_SO))))
It looks quite complex compared to the MT4 version but it checks the same condition.
Registering with a Forex broker that offers a lower
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