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MB Trading Futures - Introduction

  • #81
  • Nov 14, 2006 11:53pm Nov 14, 2006 11:53pm
It is impossible to "carry trade" in EFX. I think the overnight rollover premium is ridiculously high for EFX. For example, USD/JPY. Sell premium is -8.66%. Oanda is 5.375%

GBP/CHF buy premium is -6.60%. That means we need pay 6.60%? In Oanda, we receive interest 2.8%. Something is wrong here.
Any free charting solution currently? There is no where I can find historical data/chart from EFX. Those nasty spike/missing bars (if they have) will go undetected.
  • #82
  • Nov 15, 2006 1:46am Nov 15, 2006 1:46am
Quoting fxfei
It is impossible to "carry trade" in EFX. I think the overnight rollover premium is ridiculously high for EFX. For example, USD/JPY. Sell premium is -8.66%. Oanda is 5.375%

GBP/CHF buy premium is -6.60%. That means we need pay 6.60%? In Oanda, we receive interest 2.8%. Something is wrong here.
Any free charting solution currently? There is no where I can find historical data/chart from EFX. Those nasty spike/missing bars (if they have) will go undetected.
Hi, having spend sometime looking at the efx demo, this 2 points stand out to me as well ie the rollover premium and the chart datafeed for efx. Can you elaborate on why the rates are rather unattractive for efx? as compared to oanda, fxdd etc which seem to have more balanced swaps.

Thanks Justin.
  • #83
  • Nov 15, 2006 2:43am Nov 15, 2006 2:43am
Quoting fxfei
It is impossible to "carry trade" in EFX. I think the overnight rollover premium is ridiculously high for EFX. For example, USD/JPY. Sell premium is -8.66%. Oanda is 5.375%

GBP/CHF buy premium is -6.60%. That means we need pay 6.60%? In Oanda, we receive interest 2.8%. Something is wrong here.
Any free charting solution currently? There is no where I can find historical data/chart from EFX. Those nasty spike/missing bars (if they have) will go undetected.
Those nasy spike won't be on efx end it will be from one of the banks in this case if you suffer a lost efx will have to ask the bank with that nasty spike to make you whole again.
If I Go Broke Trying Then I Will die happy.
  • #84
  • Nov 15, 2006 2:59am Nov 15, 2006 2:59am
Quoting Moe
Those nasy spike won't be on efx end it will be from one of the banks in this case if you suffer a lost efx will have to ask the bank with that nasty spike to make you whole again.
I believe changing stop type from "First Touch" to "Trade Through" would keep those crazy spikes from harming you as well. I'm not sure of the downside to that though (worse fills when you are legitimately stopped out?)
  • #85
  • Nov 15, 2006 9:18am Nov 15, 2006 9:18am
Quoting WTB
Thanks for the prompt answer. It helped a lot.

I have another three questions:
1) As per your post #36 on this thread, I have attached the TTO window to the Open Positions window, but I find no place in that window to change the stop loss of the target price of an already open trade.

2) I placed a demo order via the TTO window above mentioned. Both the upper and lower triggers were assigned at the moment of entering the trade. Well, I the trade didnt close when the bid hit the upper trigger (it was a long position). How come?

3) How can I do so I see the stop loss and the target prices on the Open Position window? I see that you can add a column called "stop price" yet it doesnt indicate anything.

Sorry for so many questions, but I am afraid I am finding the interface rather confusing.

Thank you in advance.
WTB ~
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

1) All TTO orders must be cancelled and replaced. If have a just a Stop Loss, say a Stop Market order as your stop, this can be changed in the Open Orders window by right clicking on the order. I suggest reviewing a previously recorded webinar on Order Entry found here. http://efxgroup.com/events.php

2) Would you please email me your username and password for the demo so that I may log in and take a look? [email protected].

3) Again, I know the problem and need your username and password to fix it.

4) With regards to PAMM - Not this moment, but it is in beta and should be released very very soon.
<o></o>

Thank you,
  • #86
  • Nov 15, 2006 9:33am Nov 15, 2006 9:33am
Quoting fxgorilla
Hi Justin:

I'm curious to know how is your system able to handle mini lots and fractional lots? Don't they need to be first aggregated into standard size round lots before being routed to the network, or do fractionals and minis just trade within your client base?

At the end of the day, are fractionals and minis receiving the same fills as standard lots?

All the best,

Michael
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o>Fxgorilla ~</o>
<o>
The (common) misperception here is that banks trading on the interbank system only deal in standard lots. This is, in fact, not necessarily the case. If a platform shows enough volume and acts in a consistently professional manner toward the banks, it is possible to get sub-standard lot liquidity from the banks, basically just a simply programming issue. Not sure who keeps saying otherwise, but this is the case. Our system handles increments of $10,000 or higher (what you consider minis) in an STP (Straight Through Processing) manner directly to the banks. At no time is a mini or standard handled by a deal-desk in our system.

Thank you, <o></o>
</o>
  • #87
  • Nov 15, 2006 9:39am Nov 15, 2006 9:39am
Quoting jleblang
<o>Fxgorilla ~</o>
<o>
Our system handles increments of $10,000 or higher (what you consider minis) in an STP (Straight Through Processing) manner directly to the banks. At no time is a mini or standard handled by a deal-desk in our system.

Thank you, <o></o>
</o>
Thank you Justin. So what about fractional lots? For example, if I open a trade with say 0.5 lots, will that also process in an STP manner?
Michael fxgorilla
  • #88
  • Nov 15, 2006 9:40am Nov 15, 2006 9:40am
Quoting fxfei
It is impossible to "carry trade" in EFX. I think the overnight rollover premium is ridiculously high for EFX. For example, USD/JPY. Sell premium is -8.66%. Oanda is 5.375%

GBP/CHF buy premium is -6.60%. That means we need pay 6.60%? In Oanda, we receive interest 2.8%. Something is wrong here.
Any free charting solution currently? There is no where I can find historical data/chart from EFX. Those nasty spike/missing bars (if they have) will go undetected.
fxfei ~

While I hardly believe that the rates are much different when you realize these are annualized rates and most people barely hold positions more than a day, we have chosen to negotiate with the banks for better pricing and more liquidity for our traders instead.

Quotetracker is a free charting package that charts our forex data only. You can also get our charts via e-Signal using a symbol like EUR@TDFX A0-FX for the EURUSD, as an example. I think you'll find that the charts are quite a bit tighter than using broad deal desk data.

Sincerely,
  • #89
  • Nov 15, 2006 9:41am Nov 15, 2006 9:41am
Quoting fxgorilla
Thank you Justin. So what about fractional lots? For example, if I open a trade with say 0.5 lots, will that also process in an STP manner?
You're welcome.

Yes, lots of .5, .2, .9 will all be handled in the same manner as any other order on our system.
  • #90
  • Nov 15, 2006 9:54am Nov 15, 2006 9:54am
Hi Justin!

Can I see a market depth (depth of orders) within your ECN? Probably I use wrong words, but you can see what I mean on a picture in this thread http://www.forexfactory.com/forexfor...?t=7484&page=1 posted by Darkstar. Just when I hear about transparency about FX broker I would like to find this certain feature.

Thank you in advance
  • #91
  • Nov 15, 2006 10:07am Nov 15, 2006 10:07am
Quoting Dr.
Hi Justin!

Can I see a market depth (depth of orders) within your ECN? Probably I use wrong words, but you can see what I mean on a picture in this thread http://www.forexfactory.com/forexfor...?t=7484&page=1 posted by Darkstar. Just when I hear about transparency about FX broker I would like to find this certain feature.

Thank you in advance
Hi Dr.

Our Level 2 screen (below) will allow you to see the depth of market. The top green bar is the best available BID and ASK price. As you can see in this example, a trader has placed orders in between the spread resulting in a .6 spread on the GBP/USD.
Attached Image
  • #92
  • Nov 15, 2006 10:31am Nov 15, 2006 10:31am
I have tried to find the Quotetracker charting software but it seems the link has been removed on the new homepage. Can we integrate the quotetracker chart with a demo account?
  • #93
  • Nov 15, 2006 10:35am Nov 15, 2006 10:35am
Quoting fxfei
I have tried to find the Quotetracker charting software but it seems the link has been removed on the new homepage. Can we integrate the quotetracker chart with a demo account?
Quotetracker only works with live accounts. We no longer have the link up as we will be releasing our own charting solution along with a few new options for clients.
  • #94
  • Nov 15, 2006 2:21pm Nov 15, 2006 2:21pm
Hi Justin:

I've been watching the recorded webinars, but notice that every few minutes the audio gets out of sync with the video. Seems like the video is streaming somewhat slower than the audio. Any idea what could be wrong?

All the best,

Michael
Michael fxgorilla
  • #95
  • Nov 15, 2006 2:24pm Nov 15, 2006 2:24pm
Quoting fxgorilla
Hi Justin:

I've been watching the recorded webinars, but notice that every few minutes the audio gets out of sync with the video. Seems like the video is streaming somewhat slower than the audio. Any idea what could be wrong?

All the best,

Michael
Hi Michael,

You might want to update your windows media player. Is anyone else in the forum experiencing this problem?
  • #96
  • Nov 15, 2006 2:37pm Nov 15, 2006 2:37pm
Nope
Quoting jleblang
Hi Michael,

You might want to update your windows media player. Is anyone else in the forum experiencing this problem?
  • #97
  • Nov 15, 2006 3:58pm Nov 15, 2006 3:58pm
Actually i lost my sound also around min 20-21...
  • #98
  • Nov 15, 2006 4:58pm Nov 15, 2006 4:58pm
Same, I couldnt make it work.
  • #99
  • Nov 15, 2006 8:31pm Nov 15, 2006 8:31pm
Quoting WTB
Same, I couldnt make it work.
Jump to min 23 sound will be back up to the end.

Sma
  • #100
  • Nov 15, 2006 10:56pm Nov 15, 2006 10:56pm
The EFX navigator demo is one the worst platform I encountered. It is not user friendly, eg we are unable to create new TP level, SL level or trailing stop directly from the opened position. For other platform, usually we just need to right click the opened position and we can modify all the trailing stop/tp level/sl level accordingly. Sometimes the quote is disconnected while the trading panel still active, we have to close the whole platform and reopen again. Other platform we just need a single click we can reconnect the platform.
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