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MB Trading Futures - Introduction

  • #3,041
  • Jan 29, 2009 1:07pm Jan 29, 2009 1:07pm
Quoting Dahlia
Hi Justin,

Did you guys have this webinar recorded by chance. I missed it, and am in great need to take it... Thanks!
Dahlia ~

They were not, but here is the schedule for next week: http://mbtrading.com/webinars.aspx
  • #3,042
  • Jan 29, 2009 1:33pm Jan 29, 2009 1:33pm
Quoting jleblang
Metatrader 4 is already available in Demo and has been for a couple of weeks. Please contact MBT University to get a username and password.
I was filling out the application to get a demo account, then came all the way to the bottom to see "MetaTrader Demos will be available soon. Check back regularly..." (See attached) I thought demos are already available?
Attached File(s)
File Type: doc MT4 Demo.doc   167 KB | 449 downloads
Money missed is better than money lost
  • #3,043
  • Jan 29, 2009 3:30pm Jan 29, 2009 3:30pm
skip the application and do a online chat to get setup.
  • #3,044
  • Jan 29, 2009 7:03pm Jan 29, 2009 7:03pm
I just wanted to confirm,

want to make SURE that the selection 'STOP MARKET' is actually a stoplimit that I set which will automatically trigger to close a deal, correct? because I was playing around with the demo, and have had it hit my set 'stop' on my charts and it just kept going in minus..

SELL SHORT 100,000GBP GBP/USD STOP 1.4255 Market is is in the command box.

Cheers
lowest draw down possible please.
  • #3,045
  • Jan 29, 2009 11:00pm Jan 29, 2009 11:00pm
plz tell me.. even if you don't know the specfic date, just tell me approximate date.
  • #3,046
  • Jan 30, 2009 12:25am Jan 30, 2009 12:25am
The other day I was trading the EURUSD and the GBPUSD and saw the commissions were different ie $6 for the EURUSD and $20 for the GBPUSD, this is for 1 100K lot each. Later to my horror I placed another GBPUSD trade and saw that the commission had changed to $50 ( again for 1 100K lot). So that means a $100 commission for the entry and exit WOW these guys must get rich.

These were on a demo account, what I would like to know are these the same sorts of commissions one gets on a live account.

Also does anyone know how MBT arrives at the variable commission levels.
  • #3,047
  • Jan 30, 2009 5:08am Jan 30, 2009 5:08am
Hi,
1. I have a Demo account for MBT Navigator, but I do not have access to the Reports area (it looks like my demouser is not activated on the web). Does anyone else have the same issue? I emailed at support 2 days ago, no answer yet.
2. does MBT have a Pocket PC/Microsoft Windows Mobile version of MBT Navigator? I travel a lot and is quite important for me to be able to check/place/modify orders via a smartphone.
  • #3,048
  • Jan 30, 2009 8:29am Jan 30, 2009 8:29am
This isn't variable comm rate. You are most likely looking at the total comm paid and of course if increases as you trade more. Kid, you have to get your story straight.

Quoting fx2248
The other day I was trading the EURUSD and the GBPUSD and saw the commissions were different ie $6 for the EURUSD and $20 for the GBPUSD, this is for 1 100K lot each. Later to my horror I placed another GBPUSD trade and saw that the commission had changed to $50 ( again for 1 100K lot). So that means a $100 commission for the entry and exit WOW these guys must get rich.

These were on a demo account, what I would like to know are these the same sorts of commissions one gets on a live account.

Also does anyone know how MBT arrives at the variable...
  • #3,049
  • Jan 30, 2009 10:17am Jan 30, 2009 10:17am
Attached is a screen capture of the EURUSD this time with a very high commission $45.05 for a 100K lot
Attached Image (click to enlarge)
Click to Enlarge Name: euro commission.gif Size: 10 KB
  • #3,050
  • Jan 30, 2009 10:30am Jan 30, 2009 10:30am
Quoting fx2248
Attached is a screen capture of the EURUSD this time with a very high commission $45.05 for a 100K lot
As fiberangel stated, the commissions box in the positions window is showing your TOTAL commissions charged since 5 PM EST when we clear the 24 hour logs.

Every time you place a trade for the EUR/USD, you are being charged $5.00 * (EUR RATE) 1.2850 = $6.40 per 100k traded.

$45 (total commissions) / $6.40 = 7 EUR 100K trades
  • #3,051
  • Edited 12:05pm Jan 30, 2009 11:49am | Edited 12:05pm
Justin,

Can you tell me how to put a STOP LOSS?

Market +TTO?

I *think* I had it working, where I put an up trigger, and a down trigger.. obviously your stop will be your DOWN trigger if you are going long, OR your UP trigger if you are going SHORT?

I was in a deal EURO/USD yesterday, up $380.. I couldn't close my deal.. nothing in the box to 'close' It just said CANCEL CXL? Was I supposed to cancel that - then it would give me a close deal option? because it wanted me to edit my up and down triggers again...


Please reply..
lowest draw down possible please.
  • #3,052
  • Jan 30, 2009 12:04pm Jan 30, 2009 12:04pm
Quoting ehrek
Justin,

Can you tell me how to put a STOP LIMIT??
First, let's make sure you understand how the Stop Limit works exactly. It is not uncommon for a trader to confuse a STOP LIMIT entry for a STOP LOSS order when they take a look at the Navigator for the first time.

Did you intend to use the STOP LIMIT as an entry order?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Buy STL.jpg Size: 91 KB
Click to Enlarge Name: Sell STL.jpg Size: 89 KB
  • #3,053
  • Jan 30, 2009 12:06pm Jan 30, 2009 12:06pm
^^

Thanks for that - I have edited my post.
lowest draw down possible please.
  • #3,054
  • Jan 30, 2009 12:15pm Jan 30, 2009 12:15pm
Quoting ehrek
Justin,

Can you tell me how to put a STOP LOSS?

Market +TTO?

I *think* I had it working, where I put an up trigger, and a down trigger.. obviously your stop will be your DOWN trigger if you are going long, OR your UP trigger if you are going SHORT?

I was in a deal EURO/USD yesterday, up $380.. I couldn't close my deal.. nothing in the box to 'close' It just said CANCEL CXL? Was I supposed to cancel that - then it would give me a close deal option? because it wanted me to edit my up and down triggers again...


Please reply..
If you place a Market + TTO - that would be "enter at market with a stop loss and target price." If you decide to exit your order prior to the market triggering either your Target or Stop Loss, then you must either do one of two things;

1. Cancel pending TTO in the Open Orders window - next right click on your position to close all or part of the existing trade.

or

2. Place a Market order in the opposite direction of or your position to close part or all of your trade - next cancel the pending TTO in your positions window.
Attached Image (click to enlarge)
Click to Enlarge Name: TTO.jpg Size: 89 KB
  • #3,055
  • Jan 30, 2009 12:17pm Jan 30, 2009 12:17pm
Thanks, you have made it all clearer for me now.

Appreciate it.
lowest draw down possible please.
  • #3,056
  • Jan 30, 2009 12:19pm Jan 30, 2009 12:19pm
Quoting ehrek
Thanks, you have made it all clearer for me now.

Appreciate it.
let me know if you need anything else.
  • #3,057
  • Jan 30, 2009 12:24pm Jan 30, 2009 12:24pm
Thanks, you have made it all clearer for me now.

Those are really the only fuctions I like to use, mainly stop loss..

so TTO order will best suit me.

One more question, can I can edit /modify my Stop loss/ while in the trade?? I know a feature popped up when I was playing around last time, don't know how i accessed it.

Cheers!
lowest draw down possible please.
  • #3,058
  • Jan 30, 2009 12:30pm Jan 30, 2009 12:30pm
Quoting ehrek
Thanks, you have made it all clearer for me now.

Those are really the only fuctions I like to use, mainly stop loss..

so TTO order will best suit me.

One more question, can I can edit /modify my Stop loss/ while in the trade?? I know a feature popped up when I was playing around last time, don't know how i accessed it.

Cheers!
You can right click on the TTO in the OPEN ORDERS window and select 'change order'.

I also like to mix it up a bit...say I'm going long 10 lots, I might place a market + tto for 5 lots with a stop loss and target, and then place a market + trailing stop for the other 5 in hopes the trailing stop will just run with no target price.

Just a thought.
  • #3,059
  • Jan 30, 2009 12:37pm Jan 30, 2009 12:37pm
when mt4 platform will be available for traders with real account with mb trading ?
  • #3,060
  • Jan 30, 2009 12:38pm Jan 30, 2009 12:38pm
^^

Gotcha!

Thanks..appreciate your help.
lowest draw down possible please.
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