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MB Trading Futures - Introduction

  • #1,301
  • Oct 30, 2007 5:13pm Oct 30, 2007 5:13pm
Quoting fiberangel
FIX protocol is an industry standard, so you don't need samples specific to MBT to start development.
yes, an open-source fix implementation is here:
http://www.quickfixengine.org/

go through that to get the details you need. then connect to the broker of your choice (that is IF they have FIX access and if it's open to you).
  • #1,302
  • Oct 30, 2007 5:27pm Oct 30, 2007 5:27pm
Quoting fiberangel
FIX protocol is an industry standard, so you don't need samples specific to MBT to start development.
I apologize if I am steering this thread away - but I thought this is very useful...

To answer my own question - I found this site:

http://www.quickfixengine.org/

for those that want to use the FIX api with EFX Group.
  • #1,303
  • Oct 30, 2007 7:03pm Oct 30, 2007 7:03pm
Hey Guys ~

Fix is an industry standard spec, but it does change slightly from broker to broker. You don't need to learn FIX with us to develop for it. Check out the Open Access page of our new site and fill out the form. http://efxgroup.com/openAccess.php

We have a company out of London that has created an entire set of middleware tools that can also give you a test connection for your product while it is in development.
  • #1,304
  • Oct 31, 2007 8:27am Oct 31, 2007 8:27am
I opened a demo with you and installed EFX Navigator. I opened a position. Later when I tried to close the position my order was listed but never filled even though the prices were exactly as shown in the bid/ask. I exited the platform and reopened. Then I got a message the demo accounts couldn't have access to the server. This went on for a long time. later, I opened the platform and did not get the previous message re demo accounts, but still was unable to close the position. Finally, I just uninstalled the program, since I can't do anything with it.
Learning, Learning, Learning ... It never stops!
  • #1,305
  • Oct 31, 2007 8:35am Oct 31, 2007 8:35am
Quoting Whosit
I opened a demo with you and installed EFX Navigator. I opened a position. Later when I tried to close the position my order was listed but never filled even though the prices were exactly as shown in the bid/ask. I exited the platform and reopened. Then I got a message the demo accounts couldn't have access to the server. This went on for a long time. later, I opened the platform and did not get the previous message re demo accounts, but still was unable to close the position. Finally, I just uninstalled the program, since I can't do anything with it.
try it again another day.. it's not always like that.
  • #1,306
  • Oct 31, 2007 11:05am Oct 31, 2007 11:05am
Quoting Whosit
I opened a demo with you and installed EFX Navigator. I opened a position. Later when I tried to close the position my order was listed but never filled even though the prices were exactly as shown in the bid/ask. I exited the platform and reopened. Then I got a message the demo accounts couldn't have access to the server. This went on for a long time. later, I opened the platform and did not get the previous message re demo accounts, but still was unable to close the position. Finally, I just uninstalled the program, since I can't do anything with it.
Whosit ~

I apologize you were experiencing trouble with the trading platform; did you contact our live help via the website or call in directly so we may take a look at your demo account with you?

Let me know please.
  • #1,307
  • Oct 31, 2007 7:16pm Oct 31, 2007 7:16pm
Hi justin,

Still waiting for Eur or Gbp based accounts but until then any chance of getting the QQE (Quantitative Qualitative Estimation) indicator included in one your charting packages?

If you look through the FX forums ALOT of people are using it and for me it is the heart of my system.

cheers
  • #1,308
  • Nov 1, 2007 12:01pm Nov 1, 2007 12:01pm
Quoting cryten
Hi justin,

Still waiting for Eur or Gbp based accounts but until then any chance of getting the QQE (Quantitative Qualitative Estimation) indicator included in one your charting packages?

If you look through the FX forums ALOT of people are using it and for me it is the heart of my system.

cheers
Hi cryten ~

I should have an update soon on the EUR or GBP accounts...I don't think we are far away. As soon as this piece is established, I'll be sure to let everyone know.

With regards to the QQE, I'll send a note to the programmers.
  • #1,309
  • Nov 1, 2007 12:18pm Nov 1, 2007 12:18pm
Hi Justin
Can you add a position size calculator into the EFX RT platform?
  • #1,310
  • Nov 1, 2007 1:14pm Nov 1, 2007 1:14pm
Hello Justin,

If I have a trailing stop it would be nice to see the exact value it is currently set at. (I know if I go in the order history it will have the "modify" updates)

Currently I see all the open orders but it is not clear what price they are set at.

Also is there a way to initiate an order that is IF then OCO (one cancels the other) basically defining an entry a take profit and stop loss in one order.

Thank you much in advance!

EDIT: I am posting here so that if any other EFX members know the answers they can reply too. Plus I'm sure other members that don't know the answers would like to know.

Cheers!
  • #1,311
  • Nov 1, 2007 2:14pm Nov 1, 2007 2:14pm
Quoting jleblang
Hi cryten ~

I should have an update soon on the EUR or GBP accounts...I don't think we are far away. As soon as this piece is established, I'll be sure to let everyone know.

With regards to the QQE, I'll send a note to the programmers.
Great news! GBP accounts are more important really. thanks!
  • #1,312
  • Nov 1, 2007 2:40pm Nov 1, 2007 2:40pm
Quoting cryten
Great news! GBP accounts are more important really. thanks!
I vote for €uro!
  • #1,313
  • Nov 1, 2007 3:56pm Nov 1, 2007 3:56pm
Quoting charlinks
Hello Justin,

If I have a trailing stop it would be nice to see the exact value it is currently set at. (I know if I go in the order history it will have the "modify" updates)

Currently I see all the open orders but it is not clear what price they are set at.

Also is there a way to initiate an order that is IF then OCO (one cancels the other) basically defining an entry a take profit and stop loss in one order.

Thank you much in advance!

EDIT: I am posting here so that if any other EFX members know the answers they can reply too. Plus I'm sure other members that don't know the answers would like to know.

Cheers!
Hello Charlinks ~

If you take a look at your Open Orders window, you should see the line that shows the current trailing stop position, notice where it says 'Stop Price', this is the current Stop Price for your Trailing Stop.

FYI - If you right click on the Open Order showing you can adjust your Trailing Stop.

We do offer an order called a Threshold Trigger Order (TTO), this will allow you place a Stop and Target, where one will cancel the other.

Is there anything else I can do for you?
  • #1,314
  • Nov 1, 2007 5:06pm Nov 1, 2007 5:06pm
Hi Justin,

I have just got a live A/C and are about to download the platform etc and I was wondering if the new platform would be far away.It would make sense to wait for Omega if it is just around the corner.

Your advise would be appreciated.

Cheers
  • #1,315
  • Nov 1, 2007 11:08pm Nov 1, 2007 11:08pm
Quoting Whosit
I opened a demo with you and installed EFX Navigator. I opened a position. Later when I tried to close the position my order was listed but never filled even though the prices were exactly as shown in the bid/ask. I exited the platform and reopened. Then I got a message the demo accounts couldn't have access to the server. This went on for a long time. later, I opened the platform and did not get the previous message re demo accounts, but still was unable to close the position. Finally, I just uninstalled the program, since I can't do anything with it.
This happens to me on a daily basis. I was in a position and was up and then the system just couldnt connect. It eventually shit down and nothing. Happened to me yesterday and the position i was in disappeared.

Actually it just happened again as I was writing this. Is there a problem with it being around midnight? It "forgot" the position I was in.
Excuses are the tools of incompetence
  • #1,316
  • Nov 2, 2007 8:39am Nov 2, 2007 8:39am
Quoting cTrackstar
This happens to me on a daily basis. I was in a position and was up and then the system just couldnt connect. It eventually shit down and nothing. Happened to me yesterday and the position i was in disappeared.

Actually it just happened again as I was writing this. Is there a problem with it being around midnight? It "forgot" the position I was in.

They shut down around midnight for system maintenance. You can't trade until it comes back on, usually about 5-10 minutes.

Terry
  • #1,317
  • Nov 2, 2007 8:48am Nov 2, 2007 8:48am
Hello,
does EFX Group / MB Trading allow to collect (via the API) and share "historical" fx data because there is no backfill available through api?
  • #1,318
  • Nov 2, 2007 10:01am Nov 2, 2007 10:01am
Quoting Sebi
Hello,
does EFX Group / MB Trading allow to collect (via the API) and share "historical" fx data because there is no backfill available through api?
According to what I have learned in the mbtsdk yahoo group, there isn't historical data made available from MBT at this time. They have said they are planning it for the future though. I use eSignal, and they do have historical data for MBT. It varies depending on the interval you want.

Hey Justin. This brings up a good question. Will EFX Remote Trader have historical data, and if so, how much? Personally I am most interested in the amount of tick data, 1 min data, and hourly data that might be available. Thank you.
  • #1,319
  • Nov 2, 2007 10:06am Nov 2, 2007 10:06am
Quoting cTrackstar
This happens to me on a daily basis. I was in a position and was up and then the system just couldnt connect. It eventually shit down and nothing. Happened to me yesterday and the position i was in disappeared.

Actually it just happened again as I was writing this. Is there a problem with it being around midnight? It "forgot" the position I was in.
This happens on demo in my experience. Of course if you have a live account, they won't flush out your positions at midnight. And during rollover of course you'd see the appropriate interest differential.

As an aside, on a live account you will see your order book (order history) clear out after the 00:00 maintenance. It keeps one day, and clears @ 00:00. Of course you can always log in to the account page (live accounts) to see your trades, p/l, comish paid, etc.
  • #1,320
  • Nov 2, 2007 10:32am Nov 2, 2007 10:32am
Quoting Pip Hunter E
This happens on demo in my experience. Of course if you have a live account, they won't flush out your positions at midnight. And during rollover of course you'd see the appropriate interest differential.

As an aside, on a live account you will see your order book (order history) clear out after the 00:00 maintenance. It keeps one day, and clears @ 00:00. Of course you can always log in to the account page (live accounts) to see your trades, p/l, comish paid, etc.
I have been experimenting with MBT Navigator with my Live account.

There are a lot of things I am still learning but since this is a very different setup and platform I have some observations:


Stops

Right after any server maintenance the prices go haywire but this is not due to news announcements, etc. This has the potential of stopping you out as spreads widen to like 80 pips sometimes.

I found an interesting option where you can say that stop prices get triggered when it is "trading through" meaning that both the bid and the ask have to touch the stop price. Of course this is risky but will save you during the times of volatility.

My suggestion here is that I think We'd love to have a third option - when the "average" of the bid and the ask "touches" the stop price. Justin, would that be possible?

Charts
Charts are irrelevant if they only have bid or only ask... In a platform like that it is nice to have both. Any form of true back-testing would require both for realistic results.

Overall feel
Overall it is very different platform and it takes some getting used to. I suggest you trade 0.1 mini lots ($1K) with Live account so you can get a feel for all the quirks. There also some webinars where a lot of them are explained.

Orders
I made the very common mistake of placing a limit instead of a stop order + TTO. It is somewhat unclear. Most platforms will warn you if you are placing a limit order and the price is already above the limit (for buy) or below (for sell). In fact some will not even let you put the order in. I think you need a warning option here.

That's is it for now. The platform is perfect for scalping, but I would be very nervous leaving trailing stops (or small stops for that matter) in the system during the gaps where the liquidity is virtually non-existent (5pm EST for the rollover, Midnight EST for the server maintenance and going to the "next day")
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