MBT + Charting + Scalping = Best? | Forex Factory

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MBT + Charting + Scalping = Best?

  • #1
  • First Post: May 6, 2008 9:46am May 6, 2008 9:46am
Hey everyone, I have been using a MM company for the last 7 or 8 months but I have seen the light and have taken all of my funds to an ECN (MBT). However one of the cons between a MM and a ECN is they don't always offer free charter. I have been taking trades that are long term, but I am getting into scalping now that my broker will allow it. Can anyone suggest charting software that goes good with MBT for scalping? I know that MBT does offer that free charting stuff, but come on lets get real that crap is not worth a dime. Any suggestions of highly reliable software for scalping..? I want peoples opinions who actually currently use the software that they are suggesting...

thanks
  • #2
  • May 6, 2008 10:27am May 6, 2008 10:27am
You can chart the MBT feed with NinjaTrader, but it doesn't provide historical data. The work around is to use Gain's feed for historical and then switch to the MBT feed.

There is a lot of talk about this here...

http://www.cyrox.com/forum/index.php?board=5.0

I personally trade with MBT and use Oanda charts...there is a bad delay, but I'm used to the way the feeds correlate, which is why I stick with Oanda.

I've also heard prorealtime.com is decent with MBT.


Hope that helps,
Nathan
  • #3
  • May 6, 2008 2:26pm May 6, 2008 2:26pm
MBT + Scalping = Waste of time.
IB + Buttontrader + Quotetracker = Better.
The breaking of a wave cannot explain the whole sea.
  • #4
  • May 6, 2008 3:39pm May 6, 2008 3:39pm
Quoting Craig
MBT + Scalping = Waste of time.
IB + Buttontrader + Quotetracker = Better.
If I Go Broke Trying Then I Will die happy.
  • #5
  • May 6, 2008 6:15pm May 6, 2008 6:15pm
Quoting Craig
MBT + Scalping = Waste of time.
IB + Buttontrader + Quotetracker = Better.
do you think MBT execution is not fast enough... buttontrader is nice, I have played with it before! What is ur bias towards MBT?

M@
  • #6
  • May 6, 2008 7:28pm May 6, 2008 7:28pm
Don't know about their executions, I assume they are fine.
But your going to be pushing it up hill with their Forex commissions and scalping, also 'Navigator' is a pile, mine would not run for any longer than a couple of hours, though to be fair TWS is pretty turgid as well, but at least it runs for extended lengths of time without locking up.
The breaking of a wave cannot explain the whole sea.
  • #7
  • May 6, 2008 9:04pm May 6, 2008 9:04pm
Quoting nhallmark
You can chart the MBT feed with NinjaTrader, but it doesn't provide historical data. The work around is to use Gain's feed for historical and then switch to the MBT feed.

There is a lot of talk about this here...

http://www.cyrox.com/forum/index.php?board=5.0

I personally trade with MBT and use Oanda charts...there is a bad delay, but I'm used to the way the feeds correlate, which is why I stick with Oanda.

I've also heard prorealtime.com is decent with MBT.

Hope that helps,
Nathan
Hey nhallmark, the link you directed me to had allot of good information, thank you very much. It also spoke of 1 sec CyroxMMA (Rainbow) or CamillaMMA chart. Do you use these indicators? If not, have you heard good things about it?

Thanks

M@
  • #8
  • Edited 11:34pm May 6, 2008 11:19pm | Edited 11:34pm
hi Craig
what means of

Buttontrader= ?
Quotetracker=?

and why scalping with mbt waste of time !

Quoting Craig
MBT + Scalping = Waste of time.
IB + Buttontrader + Quotetracker = Better.
Charting Markets into the Future...MǎҖ€¥.
  • #9
  • May 6, 2008 11:45pm May 6, 2008 11:45pm
Quoting MaXeY
hi Craig
what means of

Buttontrader= ?
Quotetracker=?

and why scalping with mbt waste of time !
quotetracker is a charting platform
button trader is a trading platform which allows u to access level 2 and plan ur entries one of the best in the biz but only for IB if im not wrong
  • #10
  • May 6, 2008 11:58pm May 6, 2008 11:58pm
Only for IB, but then again there aren't any better brokers for the money.
To the guy that said 'why is it a waste of time', read my first post again.
The breaking of a wave cannot explain the whole sea.
  • #11
  • Last Post: May 7, 2008 8:56pm May 7, 2008 8:56pm
Quoting milewski
Hey nhallmark, the link you directed me to had allot of good information, thank you very much. It also spoke of 1 sec CyroxMMA (Rainbow) or CamillaMMA chart. Do you use these indicators? If not, have you heard good things about it?

Thanks

M@
Yes, I use it. It's more of a method, per se. You basically plot the WMAs, then sit and watch...screen time. Find your own way to enter/exit. It works very well once you have put the time into it.

Back on topic...the other posters are right about MB. They suck for scalping, mainly because of the commission. If you have the 10k, go with IB.
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