Which charts to use w/ MB Trading...Getting frustrated

Hello and Thanks for reading this, Been trading full-time for about 1 year and decided my good old MT4 charts (Using as a Demo from various brokers) may not be the answer for me as I trade through MB/EFX. I started searching for charts w/ my main objective being the data feed, obviously I would love a feed via MB trading. I had a look at NinjaTrader, no problem with the software and looks fine however I am being told that MB does not provide historical data....obviously a problem as I trade larger timeframes and do not have months to leave the charts open in order to collect.

Is their a charting platform out their I can use w/ MB's feed that provides historical data?

I cannot seem to find anything through my searches, I havent tried E Signal due to their excessive costs. I do not mind paying monthly however I feel Esignal is too pricey. I have also wondered if I could possibly subscribe to charting that used another (reliable) interbank feed.

If anyone could shed some light on this matter, it would be greatly appreciated...To recap, looking for a charting package preferably w/ MB's feed and historical data...at least 6 months worth of data at worst case.
Thanks

I agree that e-signal is rediculous with their pricing. I know of one charting package for mbtrading but it is still in development and won't be out for about 6 months. It is supposed to be able to capture tick data as well as being able to download the historical data. From what the programmer has told me their target price is less than 70 dollars U.S. a month.

I have seen some people with a bridge that ports the mbtrading data to metatrader but I do not know how much it is or where to get it.

Yeah, Ive been "teased" with the bridge too...You hear some people mention it here and there on threads but noone will spill the beans on how to get it, Ive even tried to PM a few people

The charting you are speaking of sounds like exactly what I am looking for...just need to wait and see I suppose. It is amazing because it seems MB has a large amount of traders using them for FX, just fig'd this would be "old news" by now.

eSignal with the TDFX feed.

Barracuda

I really wouldn't get too hung up on the pip accuracy of charts unless you are trading in the 1 or 5 minute timeframes. Any timeframe greater than that then historical data can be sourced from any reputable provider and it will be just fine.

I trade through MB but use Metatrader for charts. I hated switching between MB and Metatrader so wrote a connector in C++ that lets me visualise MB positions in Metatrader. It was really difficult to write but the results are brilliant and gives me the best of both worlds... Metatrader charts and MB for trading integrated into the brilliant MT trader. Now, as you know MB doesn't provide historical data, so I just use the historical data from my Metatrader provider in demo mode.... it works brilliantly.

In fact, using MB with Metatrader shows arbitrage opportunities because you see the interbank spread from MB side by side with the bucket shop spread.... MB always moves before the bucket shop so if you're quick, you can often anticipate where bucket shop will move by watching MB. Sometimes it's 5-10 pips ahead of the bucket shop.

Once again, try not to get too hung up on the pip accuracy of historical data... it doesn't really matter in the higher timeframes at all. I wouldn't have thought this was the case before writing the MB to Metatrader connector and seeing price movements between two providers side by side.

TrevA

TrevA, What you have wrote seems interesting and I must apologize, I do not understand exactly what you are describing with the connector to metatrader. What exactly does the connector do? I suppose I would need a "basic" answer if You wouldn't mind

try up winquote telequote service , hongkong based and u get a lot of other stuffs too , dow index , oil , gold , etc ... about 100 dollars a month

GFT they are amazing lol...charting is neat 2...

If you maintain an account (1k or better) with Forex.com you'll get eSignal for free. Might be worth it to keep an account open with them--just consider it an interest free savings account. Or, if you feel that's taking advantage, trade a few mini-lots with them now and then.

I use Metatrader to trade MB. The connector is a piece of software that lets me do this. So, i get the metatrader charts and the MB spread.

I've coded an "offline" but "real-time" feed for MBT prices into MT4, with a variety of short timeframes:

5 second, 1 min, 5 min

5 and 13 pip range bars

13, 55, 233 tick

As TrevA said above,

"I really wouldn't get too hung up on the pip accuracy of charts unless you are trading in the 1 or 5 minute timeframes. Any timeframe greater than that then historical data can be sourced from any reputable provider and it will be just fine."

... and I do just that.

Using ODL for longer history, as it is typically only a pip different. I did notice it wasn't nearly that close most of the time on Good Friday. Also, they've had a few dead times lately.

OK TrevA, are you saying the current candle price is MB's pricing on your chart? Or do you mean You can place orders through MT4?
I don't mean to sound so dense here, just still not following 100%.
Obviously if their was a way to have MB's pricing forming candles in real time ...well...I would be speechless

The candle price is ODL, the price line moving on the screen is MB trading. Together, they create the appearance/illusion of MB candles in Metatrader... pretty cool huh?

I place orders through MT4 and the orders go to MB.... I only need to switch back to MB for reporting and some advanced stuff I haven't built into the connector.

My connector shows the orders, stops, TTO's and all the order types supported through the MB platform.

Is there any way you can post the bridge file and directions for us to use? or are you thinking of selling it? helping us would be awesome

I'd give it away for free to the retail forex community but once released it would require time to support so for that reason I'm reluctant to release it as I don't have a lot of time.

If I could get a community of C++ programmers and traders together to support it I might consider releasing it.

TrevA

Treva-
Yes information has a tendancy to spiral out of control on forums if released.. but I think I can speak for most EFX users in saying -we would appreciate any thing you choose to post.

regards
Paul

Thank you TrevA for your kind offer. I would be very glad to help anyone who needs assistance whenever you release it.

Thanks again in advance.

anyone tried quotetracker? http://www.quotetracker.com/mbt.asp

On the Ninja Trader support forum someone recommended using IQFeed for backfilling historical data. Says it has low cost. I don't know. Don't use them but might look at them in the future. NT charts are very good and the price is right (free).
ps: Ok I just noticed this thread is about a year old. Guess you solved the problem by now.
For thos considering NT on MBT, just a warning - their demo data is not real time data - very bogus - and it will load into the NT database just the same. If you then switch to your live account the historical data you have collected is useless.

exactly why i closed my account @ MB..

I scalped, - and it didnt work out for me.. I'd pay huge commissions after executing so many trades. Also, i felt blind-sided everytime i entered a deal.. my MT4 charts would drop a nice 40-60pips and I'd be up like 30 @ MB..

fucking garbage..