A requote is a notification on your trading platform's screen informing you of a price change. This notification lasts 3 seconds, and if it is rejected or no action is taken, the order is canceled.
Why do requotes occur?
Requotes occur when a price changes while a trader tries to execute a market order using instant execution. Instant execution means that the broker will execute a trader’s order at the price requested or not at all.
If there is a price change in the instrument, the broker informs the trader by displaying a notification that shows the new prices.
- If the trader accepts the new price, the order is executed at the exact new price (unless the price has changed again, in which case there will be another requote).
- If the trader rejects the prices or takes no action, the requote will disappear after 3 seconds, and the trade will be canceled.
For pending orders in instant execution, there will not be a requote notification. If the requested price is no longer available, orders will be executed at any available market price.
Market execution on Pro accounts for MT4 differs from MT5. Due to platform limitations on the MT4 Pro account, you may still get requotes even when market execution is selected(especially during high volatility) so avoiding requotes is not guaranteed.
Using Exness platforms or the MT5 desktop terminal may present a smoother trading experience with fewer requotes.
How to avoid requotes
- Check if you have a poor internet connection or contact your internet service provider to fix it.
- Use Exness VPS or other VPS services to enhance the efficiency of Expert Advisors (EA).
- Check your EA settings and make sure they are set correctly.
- Avoid trading during highly volatile market conditions like market closing hours and important news releases.
- In the Market Watch on MetaTrader platforms, hide instruments that are currently not in use.
- Trade with market execution.
If you are still facing issues with requotes, open a ticket in the support hub for further assistance.