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MB Trading Futures - Introduction

  • #361
  • Jan 23, 2007 9:27am Jan 23, 2007 9:27am
Quoting .kjigz
Justin,

Will EFX ever provide back data for testing purposes?

Thanks - Kyran
Hi Kyran,

Yes, this will be available with the release of our free charting package.

No ETA, but I would guess a couple months.

Regards,
  • #362
  • Jan 24, 2007 8:31am Jan 24, 2007 8:31am
for EFX mbt navigator, how can I change the limit or stop loss after buying/shorting a currency?
is there a tutorial for the navigator also?
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  • #363
  • Jan 24, 2007 10:36am Jan 24, 2007 10:36am
Quoting forexpert310
for EFX mbt navigator, how can I change the limit or stop loss after buying/shorting a currency?
is there a tutorial for the navigator also?
Hi Forexpert310,

Have you had a chance to review our recorded training sessions?

http://efxgroup.com/events.php

This should be a big help.

Let me know if you need anything else.

Regards,
  • #364
  • Jan 24, 2007 3:59pm Jan 24, 2007 3:59pm
Justin my problem is very simple and also the training requires time and sound which my computer's sound card is dead, so i was hoping if you could explain
briefly how I can put limit on my profit and do stop loss and also how to change them, when I bought a currency and i put a "limit price" which is in the same box of buy/short it passed that price and never sold it. Please help thanks
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  • #365
  • Jan 24, 2007 4:51pm Jan 24, 2007 4:51pm
HI justin,
Gonna join soon, I'm wondering one thing, is there any restrictions on scalping?

Like do you freeze accounts when customers request money if they have been scalping, or holding trades less then 90 seconds, I have a friend who had there account frozen becasue of this, and they didn't freeze it, until he requested money.
  • #366
  • Jan 24, 2007 9:04pm Jan 24, 2007 9:04pm
Quoting forexpert310
Justin my problem is very simple and also the training requires time and sound which my computer's sound card is dead, so i was hoping if you could explain
briefly how I can put limit on my profit and do stop loss and also how to change them, when I bought a currency and i put a "limit price" which is in the same box of buy/short it passed that price and never sold it. Please help thanks
Hello forexpert310 ~

To add a stop & limit it is best to use the TTO orders. TTO allows you to place a stop loss and target price on your trade, were one will cancel the other. You can either enter a trade using a combo order (market + tto) or you can add a TTO after you have already entered the trade, which I’ll describe below.

To simplify adding TTO orders to existing trades, I personally have a TTO screen up always on the bottom of my 'Positions Window'. To do this, please follow the next steps.

a. In the position windows 'right click' in the blank area (typically this is black where no positions are showing). You'll see an option to "show order entry", left click here.

b. Now an order entry screen should be showing similar to the one attached to the bottom of the FX Board.

c. Right click now in the 'order entry' window attached to the bottom of the 'positions window' and select "Template". Choose TTO.

d. Once you have completed this, go to file and save your layout.

Now that you have added the TTO screen, you’ll notice you have an upper trigger and a lower trigger.

For long Positions:

Upper Trigger = Target Price
Basis Price
Lower Trigger = Stop Price

For Short Positions:

Upper Trigger = Stop Price
Basis Price
Lower Trigger = Target Price

Reference: http://efxgroup.com/efxgrouporderentry.pdf

Once you have set your triggers, press Cover or Sell depending on if you’re long or short. The TTO will become a pending order and remain in your Open Orders window until either price his hit, or you choose to cancel the pending order.

I hope this makes sense.

If you have any other questions, please feel free to ask. Don't forget, you can call in anytime to ask questions as well.

(877) 212-1112 for help.

Regards,
  • #367
  • Jan 24, 2007 9:06pm Jan 24, 2007 9:06pm
Quoting Westie
HI justin,
Gonna join soon, I'm wondering one thing, is there any restrictions on scalping?

Like do you freeze accounts when customers request money if they have been scalping, or holding trades less then 90 seconds, I have a friend who had there account frozen becasue of this, and they didn't freeze it, until he requested money.
All trading styles are encouraged, including scalping! The trading style you choose is your decision and we will not interfere.

No deal desk gimicks here
  • #368
  • Jan 24, 2007 9:32pm Jan 24, 2007 9:32pm
Justin, so lets just say I short GBP/USD (20k lot) and the price is 1.9660 and I want to sell it at 1.9650 I click on buy/cover(20klot) and on lower trigger 1.9650 upper which is the stop loss right?
also how can I cancel this TTO thing
thanks
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  • #369
  • Jan 24, 2007 10:56pm Jan 24, 2007 10:56pm
Quoting forexpert310
Justin, so lets just say I short GBP/USD (20k lot) and the price is 1.9660 and I want to sell it at 1.9650 I click on buy/cover(20klot) and on lower trigger 1.9650 upper which is the stop loss right?
also how can I cancel this TTO thing
thanks
forexpert -

Correct.

Short at 1.9660

Lower trigger (target price) 1.9650

Upper trigger (stop loss) 1.9661+

Press cover to submit order.

To cancel the TTO you may right click on the pending order and choose cancel or press the CXL button on the TTO screen.

I suggest placing a few orders on the demo with this method. Let me know if you need any more help.
  • #370
  • Jan 25, 2007 1:21am Jan 25, 2007 1:21am
Hi,
I have a live account and I can not log in to my account at the moment. The web site for mbtrading and efx-group is also not working. I need to get out of a position now but I can't login. If GBP/YEN drops further and I lose more money who will be paying for my losses? How can a fx trading platform remains down for such long time?
  • #371
  • Jan 25, 2007 2:39am Jan 25, 2007 2:39am
Quoting synopses
Hi,
I have a live account and I can not log in to my account at the moment. The web site for mbtrading and efx-group is also not working. I need to get out of a position now but I can't login. If GBP/YEN drops further and I lose more money who will be paying for my losses? How can a fx trading platform remains down for such long time?
can't you call them up and close your postion
If I Go Broke Trying Then I Will die happy.
  • #372
  • Jan 25, 2007 9:46am Jan 25, 2007 9:46am
Quoting synopses
Hi,
I have a live account and I can not log in to my account at the moment. The web site for mbtrading and efx-group is also not working. I need to get out of a position now but I can't login. If GBP/YEN drops further and I lose more money who will be paying for my losses? How can a fx trading platform remains down for such long time?
synopses ~

Last night we did not receive any complaints of website or live platform issue. Trader to trader though, I would like to offer up some advice.

No matter what broker you are trading with there are some important things I feel all traders should do.

1. Keep the broker’s trade desk number and your account number available. This means writing down the info onto a piece of paper, taping it to your monitor or saving it in your mobile phone. If your platform goes down or your internet goes down, save time by having all the important info handy.

FYI: EFX / MBTF 24 Trade Desk (866) 628-3003

2. Don't post to forums for help.....contact the brokers immediately.

Regards.
  • #373
  • Jan 25, 2007 1:47pm Jan 25, 2007 1:47pm
Justin,

I am beginning to think your servers are nothing but crap. I have pinged them on numberous occasions this afternoon while waiting for Navigator to come back on line.

Think it is about time connectivity issues are addressed.
  • #374
  • Jan 25, 2007 1:56pm Jan 25, 2007 1:56pm
Quoting Phase_1
Justin,

I am beginning to think your servers are nothing but crap. I have pinged them on numberous occasions this afternoon while waiting for Navigator to come back on line.

Think it is about time connectivity issues are addressed.
Global Crossing, a major Inet back bone is having issues. This is preventing some of our clients from connecting to the Navigator. We have been notified by the company they will be back online very shortly.

See screen shot showing connected to platform at this exact moment. This is not a wide spread problem, but rather and isolated issue for a certain few clients.

Thank you,
Attached Image
  • #375
  • Jan 25, 2007 3:41pm Jan 25, 2007 3:41pm
I was just going to suggest he check his computer, as I've been on all day without any problems.

Thanks for the explanation, Justin.


Quoting jleblang
Global Crossing, a major Inet back bone is having issues. This is preventing some of our clients from connecting to the Navigator. We have been notified by the company they will be back online very shortly.

See screen shot showing connected to platform at this exact moment. This is not a wide spread problem, but rather and isolated issue for a certain few clients.

Thank you,
  • #376
  • Edited 9:43am Jan 26, 2007 9:23am | Edited 9:43am
Justin,
It looks like everytime I use the news to trade forex with MBT navigator it doesnt let me buy a currency, does efx have a rule not to open positions during news? or is it just me????
also what is "correcting destination unavailable msg. will advise" ??????
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  • #377
  • Jan 26, 2007 10:04am Jan 26, 2007 10:04am
Quoting forexpert310
Justin,
It looks like everytime I use the news to trade forex with MBT navigator it doesnt let me buy a currency, does efx have a rule not to open positions during news? or is it just me????
also what is "correcting destination unavailable msg. will advise" ??????
EFX Group / MBTF would never restrict a client from trading during particular times.

"correcting desitination unavail" message is due to our testing of new systems on the demo servers.
  • #378
  • Jan 26, 2007 10:06am Jan 26, 2007 10:06am
Quoting forexpert310
Justin,
It looks like everytime I use the news to trade forex with MBT navigator it doesnt let me buy a currency, does efx have a rule not to open positions during news? or is it just me????
also what is "correcting destination unavailable msg. will advise" ??????
is this demo or live.
If I Go Broke Trying Then I Will die happy.
  • #379
  • Jan 26, 2007 10:15am Jan 26, 2007 10:15am
Forget newstrading in FX. You will ALWAYS get raped on execution if you try to trade the initial spike, be it on an ECN or a marketmaker. Newstrading in an otc-market just asks for trouble.
If it has to be news trading, try a highly liquid future (no, currency futures dont class as highly liquid).
  • #380
  • Jan 26, 2007 10:50am Jan 26, 2007 10:50am
AH k yea because Im using demo
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