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MB Trading Futures - Introduction

  • #2,141
  • Jun 11, 2008 7:39pm Jun 11, 2008 7:39pm
Sorry if this question has already been answered before, but there's over 2000 posts in this thread. I figured it would just be easier to ask.

I know that the platform is down for maintenance twice a day, and that during that time, we can't enter any orders. However, what happens to open orders during "down" time?

Let's say I set my stoploss (at market) for 1.5560. The price gets hit while the system is down for maintenance. Does the order get filled as usual (I just can't see it happening until the platform opens again)? Does the order get filled at the platform re-opening price, even if the price is more than 20 pips away from my stop loss? Or does the order get ignored altogether?

Bottom line, do I have to worry about unfilled orders due to "down times".

Thanks!
Money missed is better than money lost
  • #2,142
  • Edited 2:06am Jun 12, 2008 1:44am | Edited 2:06am
"Please note: Live is not available for Remote Trader at this time. Please check back later"

im outside. i need to key in a trade and remote trader is unavailable.
  • #2,143
  • Jun 12, 2008 8:05pm Jun 12, 2008 8:05pm
Quoting Dahlia
Sorry if this question has already been answered before, but there's over 2000 posts in this thread. I figured it would just be easier to ask.

I know that the platform is down for maintenance twice a day, and that during that time, we can't enter any orders. However, what happens to open orders during "down" time?

Let's say I set my stoploss (at market) for 1.5560. The price gets hit while the system is down for maintenance. Does the order get filled as usual (I just can't see it happening until the platform opens again)? Does the order get filled at the platform re-opening price, even if the price is more than 20 pips away from my stop loss? Or does the order get ignored altogether?

Bottom line, do I have to worry about unfilled orders due to "down times".

Thanks!
During the maintenance time your account has zero protection. You are vulnerable to the market movement during this time. It can either work in your favor...or not.
Granted, the time frame is USUSALLY about 5 minutes long and it is during typically a slow trading time and should not be a problem, but I, as a scalper, will not have any positions open during these periods of time.
  • #2,144
  • Jun 13, 2008 10:11am Jun 13, 2008 10:11am
Quoting Stan
During the maintenance time your account has zero protection...
Thanks. And, oye...
Money missed is better than money lost
  • #2,145
  • Jun 13, 2008 11:14am Jun 13, 2008 11:14am
Hi Jleblang
On another thread someone mentioned that there will be an additional min requirement for broker capital at 10,000,000 within the next 120 days and it was said that MBT only has 7,700,000. Is this information correct and if so how will this affect clients of MBT.
Thank you
  • #2,146
  • Jun 15, 2008 4:30am Jun 15, 2008 4:30am
Hi Justin !

Attached you will find a review of MB-Trading which I found on
forexpeacearmy site.

The reviews for MB-Trading / EFX generally are good but I want your
opinion regarding the described stuff !!

Greetings

Bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_17.gif Size: 20 KB
  • #2,147
  • Jun 16, 2008 6:21pm Jun 16, 2008 6:21pm
Quoting lrj72
Hi Jleblang
On another thread someone mentioned that there will be an additional min requirement for broker capital at 10,000,000 within the next 120 days and it was said that MBT only has 7,700,000. Is this information correct and if so how will this affect clients of MBT.
Thank you
Hello Irj72,

The new net cap requirments will not affect MB Clients. As in the past, MB will deposit enough captial to cover the requeirments and stay compliant with the new laws.
  • #2,148
  • Jun 17, 2008 5:22am Jun 17, 2008 5:22am
Hi, I am wondering why I can't place any order through my demo account? And it always says I don't have an account. Could you please tell me why? Thank you!
  • #2,149
  • Jun 17, 2008 10:25am Jun 17, 2008 10:25am
Hi Justin I was wondering if MBT is considering adapting a platform for wireless trading with charts.
  • #2,150
  • Jun 18, 2008 4:57am Jun 18, 2008 4:57am
Hey there! Great forum here! Just a short question: Are there any plans to make it possible to trade RUB, BRL and TRY @ MBT in the near future? That would be brilliant!
  • #2,151
  • Jun 18, 2008 6:28am Jun 18, 2008 6:28am
Hi Justin, here is the question I posted in a separate thread:

"MBT's quotes are from several banks. Sometimes, the quote of one of the banks may not be updated fast enough, and the quote appears as best bid or ask. If a market order is put at such a time, will the order be filled with a valid quote immediately (not the outdated quote of that bank), or will the order be held until that bank updates its quote? This is tricky, but I really want to know. Please advise if you know."

Can you give me an answer?
  • #2,152
  • Jun 18, 2008 8:26am Jun 18, 2008 8:26am
Quoting hellovanessa
Hi, I am wondering why I can't place any order through my demo account? And it always says I don't have an account. Could you please tell me why? Thank you!
Are you still having problems? If so, email [email protected] with your demo username and password and someone will reset the account for you.
  • #2,153
  • Jun 18, 2008 8:28am Jun 18, 2008 8:28am
Quoting lrj72
Hi Justin I was wondering if MBT is considering adapting a platform for wireless trading with charts.
We're always considering ways to improve our services and we currently have a lot of exciting projects underway, many which you'll see by summer's end. With regards to wireless trading with charts - I don't have any updates at this time, but it is something we certainly have not overlooked.
  • #2,154
  • Jun 18, 2008 8:30am Jun 18, 2008 8:30am
Quoting mrgekko
Hey there! Great forum here! Just a short question: Are there any plans to make it possible to trade RUB, BRL and TRY @ MBT in the near future? That would be brilliant!
mrgekko ~

I don't believe there is..but thats not to say all or some won't ever be available. Wish I could provide you with a better answer.
  • #2,155
  • Edited 9:11am Jun 18, 2008 8:54am | Edited 9:11am
Quoting jleblang
We're always considering ways to improve our services and we currently have a lot of exciting projects underway, many which you'll see by summer's end. With regards to wireless trading with charts - I don't have any updates at this time, but it is something we certainly have not overlooked.
Can you give us a hint at what we might expect?
  • #2,156
  • Jun 18, 2008 1:54pm Jun 18, 2008 1:54pm
Quoting wymontreal
Hi Justin, here is the question I posted in a separate thread:

"MBT's quotes are from several banks. Sometimes, the quote of one of the banks may not be updated fast enough, and the quote appears as best bid or ask. If a market order is put at such a time, will the order be filled with a valid quote immediately (not the outdated quote of that bank), or will the order be held until that bank updates its quote? This is tricky, but I really want to know. Please advise if you know."

Can you give me an answer?
The ECN is designed to to hit the bank that is showing the most size at the time the order is submitted, but we don't give them long to fill the order before we move up to the next bank.
  • #2,157
  • Jun 18, 2008 1:55pm Jun 18, 2008 1:55pm
Quoting lrj72
Can you give us a hint at what we might expect?
Not yet.
  • #2,158
  • Jun 18, 2008 2:08pm Jun 18, 2008 2:08pm
Hello Justin,

Are you working on an option where we could place trades directly from the charts. txs/ that would be a great feature if MB can work on it.

TG
  • #2,159
  • Jun 19, 2008 2:23pm Jun 19, 2008 2:23pm
Im sorry I have so many questions, but I promise this will be my last question of the week. What is the possability that MB Trading can adopt MT4 as a charting platform. I currently pay a monthly fee with intellicharts and I dont like it as much as MT4. This would be a great addition!
  • #2,160
  • Jun 19, 2008 2:32pm Jun 19, 2008 2:32pm
Quoting lrj72
Im sorry I have so many questions, but I promise this will be my last question of the week. What is the possability that MB Trading can adopt MT4 as a charting platform. I currently pay a monthly fee with intellicharts and I dont like it as much as MT4. This would be a great addition!
LOL - When MT4 works properly with a true ECN platform, MB will be more than happy to offer it.
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