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MB Trading Futures - Introduction

  • #2,061
  • May 19, 2008 6:31pm May 19, 2008 6:31pm
Quoting panos69
Hi Justin.
I usually set the difference between stop and limit @ 0 pips(PLS DONT LAUGH).But last week it was set @ 4pips and i didnt get a fill 3 times
I always recommend 5 pips between entry stop price and limit with price vs. speed at 0.

Which pair are you trading? Demo or Live?
  • #2,062
  • May 19, 2008 11:25pm May 19, 2008 11:25pm
Which pair are you trading? Demo or Live? Yesterday 10:31pm
live the majors
  • #2,063
  • May 21, 2008 7:24pm May 21, 2008 7:24pm
Justin,

Any idea what caused this on the AUD/USD book around 6:40pm?

http://i30.tinypic.com/s58pqx.png

Roughly the same exact thing happened at IB, as seen here. I know you guys share several of the same liquidity providers (spreads are nearly identical & move in lock step). Seems like a few LPs suddenly dropped out, and the last one remaining jumped to a huge spread. Only lasted about a minute, very strange.. The regular spread came back, but it took about a half hour for the liquidity levels to go back to normal on MBT though (it was just that singular 5M provider for awhile).
  • #2,064
  • May 22, 2008 7:24am May 22, 2008 7:24am
MB Trading emailed out a newsletter earlier this week, MB Trading News: Issue 01 May 2008 (see attachment)

Has anyone else noticed that the Forex fees are quoted as $0.50 per $10,000

It used to be $1 per $10,000 and I'm still be charged the old rate ???
Attached Image (click to enlarge)
Click to Enlarge Name: MB Trading.jpg Size: 92 KB
  • #2,065
  • May 22, 2008 7:41am May 22, 2008 7:41am
Quoting nqtraderman
MB Trading emailed out a newsletter earlier this week, MB Trading News: Issue 01 May 2008 (see attachment)

Has anyone else noticed that the Forex fees are quoted as $0.50 per $10,000

It used to be $1 per $10,000 and I'm still be charged the old rate ???

You actually have already been paying that . It is 0.50 per 10 000 $

but 1$ per 10 000$ traded. You pay 0.50 to open the position and 0.50 to close it.
  • #2,066
  • May 22, 2008 8:04am May 22, 2008 8:04am
Quoting phil90
You actually have already been paying that . It is 0.50 per 10 000 $

but 1$ per 10 000$ traded. You pay 0.50 to open the position and 0.50 to close it.
It has been explained that the reason I am paying $1 per side, ie; $2 round trip, is because I trade GBPUSD whereas US$ based pairs are $0.5 per side
  • #2,067
  • May 22, 2008 12:37pm May 22, 2008 12:37pm
anyone got this?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 85 KB
  • #2,068
  • May 22, 2008 12:47pm May 22, 2008 12:47pm
Quoting jest1081
anyone got this?
tell me the exact times and i will look it up in my data
I'm not insane; my mother had me tested.
  • #2,069
  • May 22, 2008 1:34pm May 22, 2008 1:34pm
i got three of those happening today on eurusd

time as gmt+8

23:05 (23 May)
01:07 (24 May)
02:06 (24 May)

regards
jest
  • #2,070
  • May 22, 2008 1:40pm May 22, 2008 1:40pm
I got disconnected via Ninjatrader just b-4 11:00 a.m. pacific = 45minutes ago.

Had to close everything and restart Ninja to get reconnected.
  • #2,071
  • May 22, 2008 2:43pm May 22, 2008 2:43pm
Quoting jest1081
i got three of those happening today on eurusd

time as gmt+8

23:05 (23 May)
01:07 (24 May)
02:06 (24 May)

regards
jest
one minute range is not that exact
there is a lot of data for such a time span, but i found the place...
the spike was genuine... there were orders entered quite far from market.
Here are the corresponding level two events for the first occurrence:

2008-05-22T15:05:28.71 2|2024=O;2033=F;1003=EUR/USD;2016=TDFX15753000;2017=20011;2018=1.5753;2019=3000000;2020=11:05:28
2008-05-22T15:05:28.71 2|2024=O;2033=F;1003=EUR/USD;2016=TDFX15752000;2017=20010;2018=1.5752;2019=3000000;2020=11:05:28

This means, that at 15:05:28 GMT/UTC there were orders entered to sell 3 mio @ 1.5753 and buy 3 mio @ 1.5752.

after 5 seconds:

2008-05-22T15:05:33.15 2|2033=F;1003=EUR/USD;2016=TDFX15752000;2017=20010;2018=0;2019=0

the bid @ 1.5752 disappeared (i guess the order was filled).

So that's pretty much it. It is unfortunate that such events can skew the level 1 quotes but it happens.
You can try to filter it out, with the help of level 2 it is quite easy to see that these orders are far from the real market. I hope this helps.

cheers
RoBiK
I'm not insane; my mother had me tested.
  • #2,072
  • May 22, 2008 3:01pm May 22, 2008 3:01pm
Quoting jest1081
i got three of those happening today on eurusd

time as gmt+8

23:05 (23 May)
01:07 (24 May)
02:06 (24 May)

regards
jest
here is the second spike, pretty much the same as before:

2008-05-22T17:05:28.62 2|2024=O;2033=F;1003=EUR/USD;2016=TDFX15753000;2017=20011;2018=1.5753;2019=3000000;2020=13:05:28
2008-05-22T17:05:28.62 2|2024=O;2033=F;1003=EUR/USD;2016=TDFX15752000;2017=20010;2018=1.5752;2019=3000000;2020=13:05:28
2008-05-22T17:05:37.26 2|2033=F;1003=EUR/USD;2016=TDFX15753000;2017=20011;2018=0;2019=0
2008-05-22T17:05:37.26 2|2033=F;1003=EUR/USD;2016=TDFX15752000;2017=20010;2018=0;2019=0

cheers
RoBiK
I'm not insane; my mother had me tested.
  • #2,073
  • May 22, 2008 3:07pm May 22, 2008 3:07pm
Quoting jest1081
i got three of those happening today on eurusd

time as gmt+8

23:05 (23 May)
01:07 (24 May)
02:06 (24 May)

regards
jest
the last one:

2008-05-22T18:05:29.33 2|2024=O;2033=F;1003=EUR/USD;2016=TDFX15753000;2017=20011;2018=1.5753;2019=3000000;2020=14:05:29
2008-05-22T18:05:29.33 2|2024=O;2033=F;1003=EUR/USD;2016=TDFX15752000;2017=20010;2018=1.5752;2019=3000000;2020=14:05:29
2008-05-22T18:05:33.39 2|2033=F;1003=EUR/USD;2016=TDFX15752000;2017=20010;2018=0;2019=0

cheers
RoBiK
I'm not insane; my mother had me tested.
  • #2,074
  • May 22, 2008 4:37pm May 22, 2008 4:37pm
Thanks RoBik...actual trades at those levels???...must of been by mistake???
  • #2,075
  • May 22, 2008 4:46pm May 22, 2008 4:46pm
Quoting Poocher
Thanks RoBik...actual trades at those levels???...must of been by mistake???
My guess is that these orders were generated by some malfunctioning automated system because the time spans between the trades are two and one hour exactly to the second.
As there is no central exchange for forex spot trading, there is also no "times & sales" data, so we can't really tell if a trade actually happened at that price.

cheers
RoBiK
I'm not insane; my mother had me tested.
  • #2,076
  • May 22, 2008 6:43pm May 22, 2008 6:43pm
Now, i have 5 of those happening....
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 85 KB
  • #2,077
  • May 23, 2008 11:16am May 23, 2008 11:16am
hi

I'm using the Navigator demo and notice that on the level2 the last trade gets updated but the java chart (say a 5 minute)does not. Anyone notice this? Shouldn't they be the same? Also I haven't seen something like a time & sales.Is the level 2 the closest this platform gets or did I just not notice it

thanks
  • #2,078
  • May 24, 2008 7:44am May 24, 2008 7:44am
Quoting PhilipK
hi

I'm using the Navigator demo and notice that on the level2 the last trade gets updated but the java chart (say a 5 minute)does not. Anyone notice this? Shouldn't they be the same? Also I haven't seen something like a time & sales.Is the level 2 the closest this platform gets or did I just not notice it

thanks
Their java charts have had many complaints.

Download Ninjatrader for free and connect it to your demo feed...great charting and order management! Good luck.
  • #2,079
  • May 24, 2008 8:53am May 24, 2008 8:53am
thanks very much
  • #2,080
  • May 24, 2008 12:20pm May 24, 2008 12:20pm
Quoting Poocher
Their java charts have had many complaints.

Download Ninjatrader for free and connect it to your demo feed...great charting and order management! Good luck.

Actually the charting is free even with MB Tradings demo feed but the trade management part they charge for.
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