Money missed is better than money lost
MB Trading Futures - Introduction
MBT provides 2 API's. A COM compatible that can be used with all high level languages and an industry standard FIX4.4. You are limited only by your imagination 
Hi all,
Is anyone using automation for trading with MBT? If so, through what? I understand that MT4 is not used with MBT...
Thanks!
- #2,213
- Jul 3, 2008 4:34pm Jul 3, 2008 4:34pm
- | Joined Jul 2007 | Status: Multiply your Masters Talents | 227 Posts
I am one who LOVES the Navigator. I dont think anything more could be done to it. As long as you understand order entry its great.
THE ONLY CON:
There is no way to track your performance. Like metatrader gives you a nice history statement with graphs graphing your performance. I love that and wish there was something on MBT to record your detailed performance.
Anyways, I have not been able to demo for a little bit. I have been able to increase my capital to 1.5 billion. Hopefully I can do this with my live account when funded
THE ONLY CON:
There is no way to track your performance. Like metatrader gives you a nice history statement with graphs graphing your performance. I love that and wish there was something on MBT to record your detailed performance.
Anyways, I have not been able to demo for a little bit. I have been able to increase my capital to 1.5 billion. Hopefully I can do this with my live account when funded
- #2,215
- Jul 3, 2008 4:46pm Jul 3, 2008 4:46pm
- | Joined Jul 2007 | Status: Multiply your Masters Talents | 227 Posts
Someone mentioned posting a layout.
Here is my Layout which works great. It doesnt get much simpler than this.
You simply place your order in the top. IT then goes to open orders. When filled it goes down further to Positions. Then when at Positions you can easily set the SL and TP with the TTO and up goes another order
Mike
P.S. The account balance and other windows (dealbook, market depth) can be shown at any time by clicking in windows. But for my trading style, all that is needed is what is open and I can check my balance once in a while to make sure its still at 1.5 billion.
Here is my Layout which works great. It doesnt get much simpler than this.
You simply place your order in the top. IT then goes to open orders. When filled it goes down further to Positions. Then when at Positions you can easily set the SL and TP with the TTO and up goes another order
Mike
P.S. The account balance and other windows (dealbook, market depth) can be shown at any time by clicking in windows. But for my trading style, all that is needed is what is open and I can check my balance once in a while to make sure its still at 1.5 billion.
- #2,216
- Jul 3, 2008 4:48pm Jul 3, 2008 4:48pm
- | Joined Jul 2007 | Status: Multiply your Masters Talents | 227 Posts
^ ...lol.
Pip Ventures: Justin talked about someone having the ability to negotiate lower commission when they reach certain monthly throughput. The threshold he's mentioned before is when you're averaging half a billion ($500,000,000) monthly.
Mike
- #2,218
- Jul 3, 2008 7:59pm Jul 3, 2008 7:59pm
- | Joined Jul 2007 | Status: Multiply your Masters Talents | 227 Posts
this woulc be great if you can do it with real money too i wish you that ....
I kinda did some math and it seems that a trader would be trading with about 300-500 dollars a pip to be in this range.
These are the 20,000/day traders.
Man we have got to wait quite a while to get any lower com. from MBT. This is horrible.
The poster below said it right when he said that MBT would be the perfect broker if they just lowered the commission. He said to 20 but even 30 would help alot and at least be the same as some other quality ECN's.
Mike
Thanks,
I kinda did some math and it seems that a trader would be trading with about 300-500 dollars a pip to be in this range.
These are the 20,000/day traders.
Man we have got to wait quite a while to get any lower com. from MBT. This is horrible.
The poster below said it right when he said that MBT would be the perfect broker if they just lowered the commission. He said to 20 but even 30 would help alot and at least be the same as some other quality ECN's.
Mike