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MBT spreadmeter

  • Post #1
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  • First Post: Oct 3, 2007 2:53pm Oct 3, 2007 2:53pm
  •  mjollnir
  • | Joined Sep 2007 | Status: Member | 40 Posts
Hi,

I'd like to set up my MBT platform to enter a trade only if the spread is <=0. Is that possible?

I set up the spreadmeter to be green on spred <= 0 but still i'm not fast enough to enter a trade when it's red.
I used to be schizophrenic, but now we are sane.
  • Post #2
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  • Oct 3, 2007 3:23pm Oct 3, 2007 3:23pm
  •  damien17
  • | Additional Username | Joined May 2006 | 22 Posts
I had in my mind to do the same thing, not only for MBT but with other Currenex brokers too, but I was wondering even if you see bid==ask do they allow you to place an order under this term?
 
 
  • Post #3
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  • Oct 3, 2007 3:28pm Oct 3, 2007 3:28pm
  •  jleblang
  • | Joined Apr 2006 | Status: MB Trading | 2,112 Posts
Quoting mjollnir
Disliked
Hi,

I'd like to set up my MBT platform to enter a trade only if the spread is <=0. Is that possible?

I set up the spreadmeter to be green on spred <= 0 but still i'm not fast enough to enter a trade when it's red.
Ignored
mjollnir,

Currently the MBTF/EFX Navigator does not offer a conditional order that will allow for entry only if the spread is 0. With the release of our new platform, EFX Remote Trader we do have plans to offer an order like this, but it wont be until further releases near the end of the year.

Have you tried placing a limit order in between the spread? This helps traders receive tighter spreads, only if their limit order is filled.

Let me know if you need anything else.
 
 
  • Post #4
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  • Last Post: Oct 3, 2007 3:32pm Oct 3, 2007 3:32pm
  •  mjollnir
  • | Joined Sep 2007 | Status: Member | 40 Posts
Hope you will respect the delay, that will be a good feature.

Yes they respect that, they are ECN not market maker. That's why you pay commission.
I used to be schizophrenic, but now we are sane.
 
 
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