DislikedWhy this Spike?? I checked with other broker not find it
What the reason for it?Ignored
A few bad ticks at roll over. It happens from time to time. A good platform would allow you to exclude them.
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DislikedWhy this Spike?? I checked with other broker not find it
What the reason for it?Ignored
DislikedSo i imagine it was possible to get stopped out if long on the bogus spike? If so, can i assume MB would refund the loss?
On a different note... I tried the release candidate for MB desktop pro... Nice to see a DOM but I think the charting for desktop pro sucks big time. The simplest task like drawing then adjusting trend line is a pain. The entire application needs a serious UI overhall. Most definetly not in the same league with Multi Charts.Ignored
DislikedWhy this Spike?? I checked with other broker not find it
What the reason for it?Ignored
DislikedSo i imagine it was possible to get stopped out if long on the bogus spike? If so, can i assume MB would refund the loss?
On a different note... I tried the release candidate for MB desktop pro... Nice to see a DOM but I think the charting for desktop pro sucks big time. The simplest task like drawing then adjusting trend line is a pain. The entire application needs a serious UI overhall. Most definetly not in the same league with Multi Charts.Ignored
DislikedThe quote server is separate form the order server. During rollover the quote server continues to run, but no trades can be executed because the order server is not running, hence the bad ticks seen from time to time at rollover are not executable, and no trades would trigger against them.
In addition, MB has a clearly erroneous trade policy that everyone should read and be aware of, because it has time limits that you must adhere to should you find yourself in need of making a claim. It is located here:
http://www.mbtrading.com/disclaimerCEP.aspx
AS...Ignored
DislikedIts now 12:07 USA EST. I see Eur/usd quotes of 1.3371 (bid) .3372 (ask)
Everywhere else i see quotes of .3415
Also euro futures are are showing roughly .3414 last bid
What the heck is going on???
I am desktop pro... pay for limits.
I have never seen such a disparity in prices with MB between euro spot quotes elsewhere and euro futures. What the hell is going on!!!Ignored
DislikedI'd like to bring back the unanswered question of someone in this thread:
Why the spread for many pairs (EURUSD, USDCAD, EURCHF, ...) is lower with Free EXN ?
You can check this for yourself with http://www.fxintel.com/live/
Free EXN was explained as adding some pips to current interbank spread to make for commission. But it's opposite now, spreads are almost constantly lower with Free EXN. Has MBT become a true Market Maker and see some nice profits of this?
Now let's add to this 0.1 positions on PFL account to make spread...Ignored
DislikedPavikogm,
So are we now saying that tighter spreads are bad? As I stated when we launched FREE EXN plan, this is an entirely different quote feed for us. We took some of our top banking relationships and required that they compete better if they wanted to be a part of this quote feed as they would be seeing more of the order flow since not all of our partners would be in the quote feed. We also still allow retail customers to post their limit orders to display, which narrows the spreads. But I’m failing to understand the issue. If you prefer a...Ignored
DislikedOf course tighter spreads are not bad. I think the assumption many made was that the spreads for the FREE EXN plan would have a small markup from the Pay for Limits spreads. Thus, seeing the FREE EXN spreads being actually lower than the Pay for Limits spreads was a little confusing. But your summary above does explain the spread differences (at least for me).
Is there a tentative timeframe to offer the FREE EXN plan for non-Metatrader accounts?Ignored
DislikedZznbrm,
I see. Well, if that was the assumption made, then yes, it was a mistake. We said “New plan” not “New way to charge you the same thing.” At this time, I don’t have an ETA for the non-Metatrader FREE EXN accounts. It requires a lot of backend work.Ignored
DislikedJustin,
First and foremost, your and MBT's transparency and sharing of the inner workings is very refreshing and appreciated. If I may expand on the Free-EXN vs Pay-For-Limits discussion. As a fairly new trader, I share the opinion of Zzn. I was under the assumption that the PFL feed had the best spread MBT could secure for me, the customer. As a result, I expected the Free-EXN to be PFL+mark-up. While I understood the feeds were different, it was expected the 'best' available PFL spread would transfer. But it appears you were able to...Ignored
DislikedSo are we now saying that tighter spreads are bad? As I stated when we launched FREE EXN plan, this is an entirely different quote feed for us.Ignored
DislikedI think the spread difference between the two accounts is very small. Take yesterday's EURUSD London session for example in the image below.
As you can see, the PFL has a slightly higher mean, but more frequently has spreads in the range 0.0-0.4. Is this a result of more client limit orders on the PFL plan...? I'd thought client limit orders would be available for all other MBT clients, not just clients on the same plan...?Ignored
DislikedJustin,
First and foremost, your and MBT's transparency and sharing of the inner workings is very refreshing and appreciated. If I may expand on the Free-EXN vs Pay-For-Limits discussion. As a fairly new trader, I share the opinion of Zzn. I was under the assumption that the PFL feed had the best spread MBT could secure for me, the customer. As a result, I expected the Free-EXN to be PFL+mark-up. While I understood the feeds were different, it was expected the 'best' available PFL spread would transfer. But it appears you were able to...Ignored