For traders, the most annoying thing is getting stuck on your trading platform right when executing the trade. You don’t know who to blame, platform, broker, or someone else.
Mt4 is a free automated trading platform and bout 90% of online traders use it globally.
It runs on automated software and can be subjected to errors. If you’re new to this platform you should be fully aware of standard errors of /the Mt4 platform.
In this post, we will discuss the platform’s most common error, Mt4 Waiting for Update.
Mt4 Waiting for the update is a standard error that occurs due to wrong login credentials, slow internet speed, failure to upload a price chart, and using a lot of indicators. If you want to fix it log out from the Mt4 account and restart. Other solutions include deleting robots and extra indicators.
When this error occurs, the screen will freeze. It will restart only when you follow the steps given below in this post.
Mt4 Waiting For Update Error
The most common error of the Mt4 platform is a frozen display with the text Waiting for an update. There are so many reasons for this error, such as wrong login credentials, internet speed, a lot of indicators, and robots. In case of wrong login details, this error can be fixed by closing and restarting the program; simple!
This error mainly occurs when the software of Mt4 fails to upload data properly or gets stuck somewhere. It can get stuck easily when you’re using the platform wrongly with many charts, indicators, and robots simultaneously. To learn about this platform fully before using it.
5 Reasons Of Mt4 Waiting For Update Errors
Why do you see this error on your screen? Is it an error in the platform or an error from your side? Traders are often confused when they see this issue.
Below are a few reasons of Mt4 is Waiting for an update issue
1-Poor Internet Connection
If the internet speed is below 100 ms, you will likely get this issue on Mt4. Check your internet speed and correct it before launching this on your PC.
2-No Price Quote
This bug mainly occurs when the platform fails to obtain any price quote. If you add a new price chart, this issue can be solved.
3-Wrong Login Credentials
This issue occurs mainly when traders add incorrect login details to the account. It can be the wrong IP address, password, or other details. So put the details carefully to avoid this issue.
4-Too Many Indicators
If you are trading with too many indicators, the software of Mt4 is likely to freeze. It’s important to go with 2 to 3 indicators at a time, not five or more than 5
Sometimes robot activation is also the major reason for this error. If you are not handling the robot according to instructions, the Mt4 software will be stuck.
6-Inability To Upload Price Chart
It is often observed that this error occurs when your platform fails to upload a price chart timely. It can be solved by adding a new chart.
How To Fix Mt4 Waiting For Update :3 Ways To Fix
It’s annoying to see the frozen screen of Mt4. This happens mainly when Mt4 observes the “Waiting for Update issue.” In this situation platform is entirely inactive, not logging any price quotes. It does not mean that you should wait for it for auto-correction. It requires a few steps to fix this issue.
The simplest way to fix this Mt4 issue is to log out from your account and then log in again. Another solution involves deleting robots and excessive indicators. Sometimes adding a new chart can also solve this error.
Let’s check out 5 ways to fix Mt4 while waiting for the update issue.
Step 1-Logging into Mt4 Account Again
The easiest solution to fix this error is to log out from your Mt4 account and then log in again. Sometimes this happens because Mt4 fails to log in successfully due to wrong credentials.
If you log out correctly and then Log in again, it will be solved easily. It is possible only if you have login details in your mind. Otherwise, you’ll have to ask for the password again. So keep your login credentials safe somewhere to avoid this troubleshooting.
Step-2 Add New Chart
If this happens when you are trading, try to add a new price chart from the Market Watch. One of the significant reasons for freezing Mt4 is the failure to load data from the price chart. The platform will recover automatically if you remove the old chart and add the new one.
To add the New chart, open the Market watch. Now drop the selected cart from here and drop it on the screen.
Step-3 Delete Robot & Indicators
If nothing works, nor the login again and new chart. The ultimate solution is to delete the Robots and Indicators and then restart Mt4. This error can happen when the PC is running too many processes simultaneously. If you’re working on multiple indicators, you’re likely to encounter this issue again and again.
Step-4 Check Your Internet Connection
It is essential to check your internet connection and speed before logging in to your Mt4 account. If the internet speed is too low to download the data of Mt4, it will also show Waiting for UPdate.
If the speed is lower than 100 ms, the terminals of Mt4 will not process data successfully.
Step-5 Disable Antivirus Programs
Another solution is to disable antivirus programs to correct this issue. In some cases, it is observed that antivirus programs can block Mt4 software. If nothing works from the above-mentioned step, try this step 5.
Why is my MT4 waiting for an update?
There are many reasons for this Mt4 bug, such as wrong login credentials, slow network speed, and too many indicators. It can be solved by simply adding a new price chart and restarting the platform. The reason is that you have entered the wrong login credentials or your PC is.
Why is my MT4 not updating?
If your Mt4 is not updating, check your internet speed first. If speed is good, check login details. Maybe your login details are not correct. In this case, try to log in again with the correct credentials.
How do I update my MT4 platform?
If you want to update your trading platform, reboot your PC, log in again, add a new price chart, and delete all unnecessary indicators. If nothing works ask your broker to help you in this case.
Now you are fully aware of this troubleshooting in the Mt4 platform. You can easily fix this issue by following the 5 steps mentioned above. If nothing works, disable your running account and open an account again with different login credentials.
You can also ask your broker to fix it. He will surely guide you about all the possible ways to avoid this error again.