Just to chime in here. . .I maintain both a Desktop Pro and MT4 account with MBT for a couple of reasons. First, I have things that only MT4 can do, even though I wish it were not the case. Second, I prefer the order flexibility of Desktop Pro outside of the MT4-required trades.
There are also some advantages to doing it this way that I hadn’t considered until this week. Both the issue last week and the one yesterday were MT4 specific, and I was unaffected in my Desktop Pro account. In fact, I could basically use it to “hedge” against my Meta account that I couldn’t trade in for three hours. I had three positions with take profits in the system in MT4.
Let me also add that I was pretty disappointed in the amount of time it took them to figure out what to do with MT4 this morning. Short outages may be a part of life, but extended times like that are disturbing.
But, after the system came back up, over the course of a few hours, my Pending Limit fill (which hit while the system was down) and one of my Take Profits (which also hit when the system was down) both came through as executed even though the market had moved back against the trades. In other words, another broker might have simply said “trading was unavailable” since the fill on the Pending Limit put me 40 pips in the money. Not here though. I received both fills (and both with the credits for commissions).
I’m not excited about these outages the last week, but I think I take MB at their word that some of it is out of their control. It’s hard not to when they still put the correct prices in my account. As long as I end up where I should have been, especially since I have Desktop Pro working too, it’s clear to me that MB is solving these problems correctly.
There are also some advantages to doing it this way that I hadn’t considered until this week. Both the issue last week and the one yesterday were MT4 specific, and I was unaffected in my Desktop Pro account. In fact, I could basically use it to “hedge” against my Meta account that I couldn’t trade in for three hours. I had three positions with take profits in the system in MT4.
Let me also add that I was pretty disappointed in the amount of time it took them to figure out what to do with MT4 this morning. Short outages may be a part of life, but extended times like that are disturbing.
But, after the system came back up, over the course of a few hours, my Pending Limit fill (which hit while the system was down) and one of my Take Profits (which also hit when the system was down) both came through as executed even though the market had moved back against the trades. In other words, another broker might have simply said “trading was unavailable” since the fill on the Pending Limit put me 40 pips in the money. Not here though. I received both fills (and both with the credits for commissions).
I’m not excited about these outages the last week, but I think I take MB at their word that some of it is out of their control. It’s hard not to when they still put the correct prices in my account. As long as I end up where I should have been, especially since I have Desktop Pro working too, it’s clear to me that MB is solving these problems correctly.