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Thread: Do brokers set a max open trades limit?

  1. #1
    I have a hectic EA. I would like to get MANY more than 200 transactions available at one time.

    Using FXDD, I notice trading ceases at 200 trades. Is this MT4 thing? Or is it a broker thing?

  2. #2
    Ordinarily max. Positions at the exact same time limitation is put by broker.

  3. #3
    Quote Originally Posted by ;
    Usually max. Opened positions in the exact same time limit is put by broker.
    As long as you have the required margin you'll be able to start as many lots as you wish. Limits are for one trade, not for a total open lots

  4. #4
    Quote Originally Posted by ;
    As long as you have the required margin you'll be able to open as many lots as you desire. Limits are for a single trade, not to get a entire open lots
    Volume - yes.

    But the threadstarter asked (correct me if I am wrong) about the number of opened transactions (no matter their volume(s)). And this number is usually restricted.

  5. #5
    Quote Originally Posted by ;
    Volume - yes.

    But the threadstarter asked (correct me if I'm wrong) regarding the number of opened transactions (regardless of their volume(s)). And this number is generally limited.
    Yes, sorry.... My poor.

  6. #6
    Alpari UK has an open volume maximum limit on their micro account kind. It's 200K of base currency.

  7. #7
    Thanks guys.

    Yes I have confirmed with different brokers that most do place a limit to the number of greatest open-at-one-time trades.

    FXDD for example have a 200 trades open limitation.

    GoMarketAus don't have a limitation to open trades - but they said that if my EA hit them up more than 5,000 times every day, that they would speak to me about it.

    Issue replied now, thx.

  8. #8
    Hello everyone,

    I'd like to know whether there's a way how I can restrict the maximum number of available lots in my MT4, ie for example I want the total number of lots does not exceed 4 standard lots.
    That is only because I have an EA that continues to place trades in precisely the exact same way until it closes them all in total profit. If there's a large move in the opposite direction of the open transactions, the EA will continue to start transactions with increasing lot size, the EA puts a 0.1 commerce and if it does not close in profit, it opens a 0.2 commerce, then 0.3, 0.4, etc.
    If there's no limit and the market does not retrace, it can give rise to a margin call in my account.

    Hope you understand my purpose and hopefully someone can help me.

    Regards,
    Sandro

  9. #9
    Unless the limit is assembled into the EA, there is not any way to limit the number of open lots before it strikes your margin limit. Look for a parameter such as MaxLots or MaxOpenTrades or even MaxLevels. Many EAs have this capability and some do not.

  10. #10
    Quote Originally Posted by ;
    Thanks guys.

    Yes I have verified with different brokers that most do place a limit to the amount of greatest open-at-one-time trades.

    FXDD such as have a 200 trades open limit.

    GoMarketAus do not have a limit to open trades - but they stated that in case my EA reach them up more than 5,000 times in a day, they would talk to me about it.

    Issue replied now, thx.
    The limit is broker hooked. This is to avoid somebody, employing an EA, to flooding their data server so much so that it slows down their host.

    As you see, the broker may just have a couple of host to process your orders. Clients may have as client platform running and flooding the server. This is called Denial of Service (DOS) attack. Do this and the host will not be able to receive the right updated-realtime market price.

    I remember a friend getting reprimanded/warned since the broker believed he was doing so when his Trailing Stop EA was quickly changing the SL. Of course the friend wasnt flood the host.

    Bottom line, do ask the brokers about it first. You dont want to make win trades only to find out later that the broker will throw this against you personally and forfeit the money.

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