MB Trading Futures - Introduction

I prefer to trade using EA. EA's clearly follows trading rules we specify and endlessly monitors the market non-stop.

I was elated when someone informed me that he was designing an MT4-MBT bridge so that I can run MT4 EAs to trade at MBT.

Months passed and this project fizzled with no feedbacks anymore. I came across severa more MBT API programmers and all were either hesitant, pesimistic, dont care, or ignorant on how to do the bridge. Too bad

I quit trading at MBT altogether; withdrew my money out and went back to trading at MT4s..

I personally want to do the programming myself from the bottom up and have the idea on how to do the bridge. I dont have knowledge on MBT's API unfortunately to start the ball rolling. I sure wish someone could give me some info...

Oh well.. this might be a far fetched dream...

Any idea what kind of trading volume is needed to bring down the commish ?

A friend who trades >1,000,000 (10 standard lots) a day could not get any discount.

He went to Dukascopy.

Some say they got discounts even with lower volume....

Honestly, with MBT's current huge commission, and not so really tight spread, I would rather trade at ODL's fix spread.
Just compare, MBT's 0.5~3 pip spread on EURUSD and with additional 1.5 pip spread in commission, you get an average of about 2.5~3pip spread; ODL offers EURUSD at 2 pip spread FIX even during high volatility. Of course ODL do not welcome scalping.

Hello,

Just wanted to tell everyone about an incident i had a few days ago with the MBT Navigator....

The other evening (late US time) I was attempting to close out a partial GBP/JPY position. I was using a market order and i could see the order in the open order window but it would not execute. Navigator was working and I had all green lights. Very odd because this has never happen to me before. Anyway I closed down restarted with no luck. About 30 minutes had went by and so i decided to call and have them initiate the trade for me. I had no wait time and was connected to a live person within a few seconds. The gentleman on the phone tried to initiate the order and the same thing happen. I could see his order in my Navigator screen, but it wouldn't execute. Keep in mind by this time price had moved away from where i initially started trying to close the position. The gentelman on the phone decided to manually "fix" things and he closed my position from the price I first started trying to execute my trade, which I thought was pretty awesome.

So just wanted to say thanks to Jason and crew for a job well done. It's truly appreciated.

Trade Well...
Brent

See details here:

http://www.forexfactory.com/news.php?do=news&id=123361

Dear MB Users,

If you have a live account with us and would be interesting in participating in beta testing of various products and services, please email me directly at [email protected], subject line: Future Beta Tester.

Once I am aware of your interest, from time to time I will send you links and information about the different opportunities for beta testing. Some of these products and services will be MB's own pieces, others will be from groups we have built relationships with.

I appreciate your interest and look forward to hearing from you.

jleblang,

hope u r doing fine.

i'd like to ask u if there is any special reason for the demo accounts -i've been testing ur platform- not being restarted as usual on the 15th. of this month?

i asked on mb chat but they only told me because it fell on week-end... but they haven't been restarted yet.

tyvm for ur help!

iiivb

What's happened to the spread?
Average spread for GJ is almost double than it used to, sometimes even during London you can see spread over 20!
Will you add some liquidity? HotSpot still have about 30-40% better spread here...

The issue isn’t really about adding more liquidity. In the current credit/banking environment, all of the banks are being more cautious in the size that they are showing. It’s a function of the market right now. There is a lot of uncertainty. News hits at any moment. Some of the banks that were around two months ago aren’t. The banks are behaving accordingly by showing less depth of liquidity. What I mean by that is that banks tend to lay their buys and sells out across multiple prices, and they are simply showing less near the current trading prices. The daily ranges of the pairs have increased as well due to the environment. Historic averages for the GBPUSD is about 140 pips per day. It has traded over 300 pips more than 50% of the last two months, and over 500 pips for a good deal of it. GBPJPY average ranges are typically 180 pips per day if you look at prior years. The GBPJPY has traded over 1000 pips three times in the last month. With those types of moves due to the economic crisis, the banks have to scale down their size and the liquidity that they show because they need to protect themselves from getting upside-down. Their trading models have changed as well. This is something that will pass as the credit crunch comes to an end, and then you’ll see spreads get back to what they were, which will increase the liquidity in general.

I’m also going to point out that we’re seeing a higher and higher percentage of our traders execute with limit orders between the bank prices. Our platform, as an ECN, is ideal for giving traders the tools that they need to cut the spreads down. If you see a 10-pip spread for a moment on the GBPJPY, put in a Limit buy order in the middle and see if you get filled. With the amount of orders going through the system, it only takes one seller on the GBPJPY for you to get the price you wanted and not pay the spread.

The typical excuse.

I've never expected that jleblang would admit that other ECN broker are still better.

Thank you Justin, this is a very cool idea.

Any other live account holders get the memo about the new 50% equity rule,( previously 20% ). From what I understand if your % equity in the account balances window drops below 50%, MB will start closing open positions at their discretion (your loss). Now, I never used much leverage in my trading, usually less than 10 to 1, but this new rule has drastically affected my ability to trade multiple positions, espescially GBP based pairs with their higher margin requirements. Ability to use leverage has been severely reduced. Traders who are used to using higher leverage will have to cut down big time. Any live account holders experiencing problems (losses) as a result of this new rule ?

Eclipse,

While this is true we have put new rules in place due to the increased market volatility within the market, it is important to point out that at .50%, MB Trading still maintains one of the most aggressive margin policies available to a trader. Most Forex brokers require 1% Margin Debit on account balances at all times.

We view our recent changes as our fiscal responsibility to our clients and the firm and appreciate the understanding and positive feedback we have received regarding this matter.

You're welcome...if you have any questions specifically about placing such trades, let me know.

Apologies Justin, it appears I've misread & misinterpreted the email regarding this policy & agree with your point about fiscal responsibility towards your clients. Sorry for any confusion. Trade on.

No problem....just glad we are on the same page.

I just found that there is a special offer for MB trading users on http://www.esignal.com/map/mbtrading/default.aspx

What is a Commission Plan B?

hey justin pls do something about the spreads of eur/usd i see them at 2-3 pips and add to that commissions pls do something about it.

I doubt they can do anything about it. It has to do with liquidity and the current market situation.

Other ECN brokers can.

That's the difference and that's why the spread on EUR/USD is just 0,3 - 1 pip while on MBT are 2-3 pips.