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MB Trading Futures - Introduction

  • #1,141
  • Sep 11, 2007 8:10pm Sep 11, 2007 8:10pm
Quoting eyecelll
hey justin,

you mentioned there will also be a wireless version of omega, will it work on any wap enabled cell phone or only on certain types, like blackberry, motorola q or iphone?

thank you
eyecelll ~

Yes, Omega will offer wireless trading for pda and other mobile devices.
  • #1,142
  • Sep 11, 2007 10:18pm Sep 11, 2007 10:18pm
Will the omega wireless use the same technology as far as browser based using the pda's mobile browser or will it be a software install.
  • #1,143
  • Sep 11, 2007 11:18pm Sep 11, 2007 11:18pm
Justin,
Do you know yet if the new charting package that is to come out will have a 5 second time frame?
Thanks
Stan
  • #1,144
  • Sep 12, 2007 7:50am Sep 12, 2007 7:50am
Quoting jleblang
eyecelll ~

Yes, Omega will offer wireless trading for pda and other mobile devices.
do you know exactly what system it will work on? the reason i'm asking is because i'm going to buy a new phone now and not sure which one to choose. for example, gft wireless software works on blackberry only

thank you
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #1,145
  • Sep 12, 2007 8:53am Sep 12, 2007 8:53am
Justin,

Just putting my two cents in with Stan--it would be great if your charting software had 5 sec charts--or even tick charts...for those who scalp. I am also looking forward to the pda/cell app--up until now I've only been able to use MT4 on my pda phone and I don't really like their brokers...thanks for listening to your clients...pk
  • #1,146
  • Sep 13, 2007 6:27am Sep 13, 2007 6:27am
Quoting jleblang
Hey Guys -

Micro-MiniMe ~

Thank you for the comments!

With regards to minimum trade size, you may place a trade as low as .1 lot or 1000
currency units on the EFX Navigator, all execution is the same.

I also found the following on the EFX Group website:
Universal Account
We do not differentiate between mini and standard
accounts. We offer a universal account with 100:1 margin that can be
opened with just $400. You can place orders of any size down to micro
increments of $1. The execution is all the same.

My experience with the MBT/EFX Demo Navigator shows that the minimum
trade size is 1 unit currency.My experience with MBT Live Navigator shows
any trade size order less than 1000 units currency gets rejected.

Why did the developers of the Navigator let the Demo and Live versions
unsynchronized?
_____________________

Keep It Simple,

Mr. H
Keep It Simple, Mr. H
  • #1,147
  • Sep 13, 2007 10:01am Sep 13, 2007 10:01am
Hi Justin
can we trade real acount with Ninja trader ?
Thanks
  • #1,148
  • Sep 14, 2007 1:40pm Sep 14, 2007 1:40pm
Quoting eyecelll
do you know exactly what system it will work on? the reason i'm asking is because i'm going to buy a new phone now and not sure which one to choose. for example, gft wireless software works on blackberry only

thank you
Don't want to hijack this thread, but this is NOT true. I use GFT mobile on a windows mobile 5 xv6700 and it works perfectly.
  • #1,149
  • Sep 15, 2007 3:29am Sep 15, 2007 3:29am
Hello,

Does EFX have Gold XAU/USD, Nikkie 225 & HSI futures.

I looked around the efx site but could not find what all instruments they are offering.

Thanks
  • #1,150
  • Sep 15, 2007 8:41am Sep 15, 2007 8:41am
Quoting Cope
Don't want to hijack this thread, but this is NOT true. I use GFT mobile on a windows mobile 5 xv6700 and it works perfectly.
i never tried gft mobile, but it says so on their website that it works on blackberry only

its good to know it works on other systems too though
"Nothing is unexplainable, Everything is mystery" W. Liquorman
  • #1,151
  • Edited 6:42pm Sep 15, 2007 6:29pm | Edited 6:42pm
I don't know if or when this changed, but like I said I've been using GFT mobile on a non blackberry for nearly 6 months, and the following is on their website.

From GFT's website:

DealBook Mobile presents you with the power of our DealBook 360 desktop application and DealBook WEB forex trading platforms, but leverages the advances in wireless technologies. The DealBook Mobile platform is available for a wide range of devices, from cellular phones to BlackBerry devices.

Quoting eyecelll
i never tried gft mobile, but it says so on their website that it works on blackberry only

its good to know it works on other systems too though
  • #1,152
  • Sep 18, 2007 8:20am Sep 18, 2007 8:20am
Is anyone experiencing lots of disconnections from the live quote servers lately ?
  • #1,153
  • Sep 18, 2007 9:24pm Sep 18, 2007 9:24pm
Forex ECN Vs NASDAQ ECN

http://www.elitetrader.com/vb/showth...threadid=75861
  • #1,154
  • Edited 2:35pm Sep 21, 2007 1:48pm | Edited 2:35pm
Quoting jleblang
ycomp,

Our banks do receive a portion of the commission charge for providing the liquidity in our system.

The banks make money from the commission and swap rates.

Regards,




I want to publically offer my positive input toward EFXGroup as a
broker of choice to any who are searching.

Some may argue the value of variable spreads plus small commission
vs. fix spread brokers and no commission. In my view, what EFXGroup
has to offer as far as this is concerned is a no-brainer

Just my 2 cents / pips. I couldn't be more please (unless there
was some other planet offering better) with EFX trading. I have
traded with other brokers with their higher spreads and frequent
delays in executions, particularly during volatility. I've been with
EFXGroup for about 4 weeks trading literally hundreds of executions
scalping the forex during all market conditions. I have had absolutely
no usual or unusual delays. I've also had favorable customer support.

I actually do believe that the concept efxgroup uses in only making
money on the commission rather than the spread serve the trader
interest best. It is in their best interest to assist me in completing
as many executions as quickly as possible since that's where they make
their money.... rather than those brokers who only make money thru
the width of the spread and through delays which gives them the advantage
to obtain the best price on their end.

In currently trading the GBPJPY exclusively....

I have had great response time with executions and comparably
much tighter spreads even in the most volatile trading times. There
is perhaps no better example than trading the GBPJPY with such
things as dealing with volatility and wide and wider pip spreads.

Yes we pay a commission entering and exiting a trade with efxgroup
but I look at it as simply an added on +1 pip cost for each execution.
That means any spread offered by another broker that is more than
2 pips greater than what efxgroup offers is a losing proposition. Efxgroup
always has spreads lower by as many as 6+ pips.

I continualy hear of complaints from other traders against their various
brokers with 8-12 or higher pip spreads on the GJ. Again, using the GJ as
an example, often I only deal with 2-6 pips even in times of volatility. So I
am clearly the winner with even an average of 5 pip spread +1 for commission.

Many executions only involve a 1-3 pip spreads (+1 for commission) and frequently
I'm in the positive with the trade in a matter of seconds.
I might say that in saying it's a "+1 pip for commission" is not totally accurate, it's a
fixed cost itemized and deducted from the account balance equal to approx. 1 pip
depending on the pair rather than appearing in the actual trading position.

Just wanted to give my unsolicited testimonial.

Justin can certainly correct or clarify anything I may have misrepresented.


Dr. D.
  • #1,155
  • Edited 2:28pm Sep 21, 2007 2:14pm | Edited 2:28pm
Quoting zoheir
Is anyone experiencing lots of disconnections from the live quote servers lately ?
I haven't had any unscheduled problems.

In my experience, this does automatically and intendedly occur when the platform is in daily maintenance during
the Asian session.

I wish they would do this maintenance in conjunction with the roll-over time at 21:00 GMT after the NY close
when things are at a dull roar, rather than at 4:00 GMT as the markets is preparing for the Franfort / London.

I will say that if you are prepared you can tighten stops and limits during these times if necessary and as
a last resort I have had good customer service to close trades manually by their reps. I see that the platform
will not respond to a trade electronically should the price action pass through the intended stop or limit during
maintenance. This concerns me. If this be the case, I would conclude that the stop or the limit is forever
ignored when this occurs without our alerting c.s. to fulfill or open orders.

I will say, if I am continually aware of the price and my trade positions in these events I have called customer
service and they have always honored my orders and requests but I've always had to initiate it on those several
occasions.

Again, Justin can correct or clarify if I have misrepresented.

Dr. D.
  • #1,156
  • Sep 21, 2007 2:32pm Sep 21, 2007 2:32pm
If EFX could offer MT4 and multi currency accounts they would explode with every trader under the sun joining, I don't undertstand why these brokers don't take advantage
  • #1,157
  • Sep 21, 2007 3:13pm Sep 21, 2007 3:13pm
Quoting cryten
If EFX could offer MT4 and multi currency accounts they would explode with every trader under the sun joining, I don't undertstand why these brokers don't take advantage
If you read back through this thread, you'll see that this issue has been addressed multiple times.

MetaTrader is designed for Dealing Desk brokers (the kind that most "traders" constantly complain about), not ECN's like EFX.

Then again, I doubt that EFX would want "every trader under the sun", since most of them spend more time complaining than they do actually trading. I'm sure it's not worth the aggravation to have "traders" constantly complaining that they didn't make their 10 cents/pip while trading during the news without a SL.

Terry
  • #1,158
  • Edited 7:14am Sep 22, 2007 7:02am | Edited 7:14am
Quoting In2Blues
If you read back through this thread, you'll see that this issue has been addressed multiple times.

MetaTrader is designed for Dealing Desk brokers (the kind that most "traders" constantly complain about), not ECN's like EFX.

Then again, I doubt that EFX would want "every trader under the sun", since most of them spend more time complaining than they do actually trading. I'm sure it's not worth the aggravation to have "traders" constantly complaining that they didn't make their 10 cents/pip while trading during the news without a SL.

Terry
Get off your high horse, your assumptions bore me, I don't trade news so couldn't care less. I just hate the ecn platforms.

Lucky for us "complaining" traders there are some ecn's taking the initiative.
  • #1,159
  • Sep 22, 2007 7:15am Sep 22, 2007 7:15am
just hope they will lowering their commissions
  • #1,160
  • Sep 22, 2007 2:00pm Sep 22, 2007 2:00pm
Quoting Stan
Justin,
Do you know yet if the new charting package that is to come out will have a 5 second time frame?
Thanks
Stan
Same question as Stan and I'm sure many others. Also: How about
tick charts?
Thanks Justin!

Brent
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