MB Trading Futures - Introduction | Page 157 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #3,121
  • Feb 9, 2009 7:40pm Feb 9, 2009 7:40pm
Quoting whitegoodman
how long are the server downtimes atm? that would not bode well for 24x5 EA users

The quote server remains running so your EA calcs are not affected, but trades are not executed. The down time seems to be about 15 mins nightly.

It is true you can telephone trade, but during an event, 60 or 100 pips can go by before that could ever be accomplished. Keeping losses small and letting trades run is the name of the game with highly leveraged instruments, hence protective stop loss orders.
  • #3,122
  • Feb 10, 2009 10:51am Feb 10, 2009 10:51am
Will MB be able to meet the upcoming capital requirement of 20M?
  • #3,123
  • Feb 10, 2009 11:15am Feb 10, 2009 11:15am
Quoting msc
Will MB be able to meet the upcoming capital requirement of 20M?
msc ~

Here is recent post regarding your question;

http://www.forexfactory.com/showpost...postcount=3019
  • #3,124
  • Feb 10, 2009 11:17am Feb 10, 2009 11:17am
Quoting Crassius
Justin,

My other area of concern is the nightly server down time, during which I have been told that standing stops will not be exectuted. I was told at signup that you were working to move this to the roll over period, which is the quietest time in the 24 hr day, and the safest time to handle that as we are offline for roll over anyway. Another thing promised that has yet to be delivered.

Crassius
Crassius ~

Metatrader does not have a midnight maintenance for live or demo, only the Navigator does and there are plans to remove or drastically reduce that time as well.
  • #3,125
  • Feb 10, 2009 12:01pm Feb 10, 2009 12:01pm
Justin hi

If I want to try the demo for futures, do I have to download and instal the MBT Navigator again ? Is it a different Navigator for forex and another for futures ?

Thanks
  • #3,126
  • Feb 10, 2009 12:08pm Feb 10, 2009 12:08pm
Advanced Navigator Training Tonight: This Webinar will train you on the advanced features of the MBT Navigator platform. The topics will include advanced preferences, advanced order entry, detailed customization, charting options, and will be followed by a question and answer session.

Date: 2/10/2009

Time: 8:00 PM EST

To register for either event or to see events scheduled further out, please visit: MBTU Webinar Home

Hope to see you there.
  • #3,127
  • Feb 11, 2009 12:55am Feb 11, 2009 12:55am
Quoting xenyen
any plans on expanding into BC, Canada? Any way of getting around this problem of registration besides physically moving elsewhere?

Xen,

I am unable to reply to your PM. The system wont let me. I have enabled allow email on my profile, so send me an email for reponse to your question.

Crassius
  • #3,128
  • Feb 11, 2009 2:33am Feb 11, 2009 2:33am
Quoting Crassius
Xen,

I am unable to reply to your PM. The system wont let me. I have enabled allow email on my profile, so send me an email for reponse to your question.

Crassius
Done. Thanks again
  • #3,129
  • Feb 11, 2009 8:37am Feb 11, 2009 8:37am
folks can anyone tell me if mbtrading commissions work out cheaper than ibfx 3 pip spread for usd?
  • #3,130
  • Feb 11, 2009 8:59am Feb 11, 2009 8:59am
Afternoon from the UK.

I've had my demo account for 4-5 days now and have been trying to get my Expert Advisers to make trades.

I have yet to get one single trade to open.

All the EA's are set the same as my other demo and indeed live accounts on other platforms and the smiley face is there on MBT but no trades.

can anyone help please?

Thanks in advance.

Nigel
TQO23
  • #3,131
  • Edited 11:09am Feb 11, 2009 9:58am | Edited 11:09am
Thanks for heads up on the MBT Research Seminar Justin, it was short and sweet, highlighting the major functions of the MBTResearch and Morning Notes facilities which the MBNavigator now provides. And may I say, these are awesome. Really looking forward to using these resources and any further developments you may include in the future. I strongly recommend any MBT user, forex or otherwise, get themselves booked in for the next seminar to make the most of this feature.
  • #3,132
  • Feb 11, 2009 10:51am Feb 11, 2009 10:51am
Quoting fugly
folks can anyone tell me if mbtrading commissions work out cheaper than ibfx 3 pip spread for usd?
Yes they do. It's 2/3 a pip commission added to 1/2 a pip to 1 pip spread on EUR_USD for example, often lower during the European and NY sessions.

As ECNs go, MB is a bit high at 1/2 a basis point, but you get that rate even if you're not trading 100,000 unit lots.

If you can't break into profitabliity with these spreads/commissions, you need to improve as a trader, not find lower transaction costs. You've reached a point of deminishing returns from lower fees at some point.
  • #3,133
  • Feb 11, 2009 11:13am Feb 11, 2009 11:13am
Can anybody tell me how their custom indicators or EA's work with the MB Trading MT4 platform? I'm not much of an EA trader but i have a neat lil money management ea I downloaded off this forum that I use regularly. I have downloaded the demo, I guess I'll find out on my own soon enough.

Also, can you trade gold on the Mt4 charts?

regards all
  • #3,134
  • Feb 11, 2009 11:14am Feb 11, 2009 11:14am
Quoting Crassius
Yes they do. It's 2/3 a pip commission added to 1/2 a pip to 1 pip spread on EUR_USD for example, often lower during the European and NY sessions.

As ECNs go, MB is a bit high at 1/2 a basis point, but you get that rate even if you're not trading 100,000 unit lots.

If you can't break into profitabliity with these spreads/commissions, you need to improve as a trader, not find lower transaction costs. You've reached a point of deminishing returns from lower fees at some point.
Crassius, thank you for helping and to elaborate a bit further I’m providing a quick breakdown.

With MB Trading, US dollar based pairs (e.g. USD/JPY) the average spread is 1 PIP and as Crassius mentioned the spread at times is lower during European and NY sessions.

The commission for all US dollar based pairs is $5.00 per 100,000 USD Traded or $10 round trip.

USD/JPY Trade Cost: 1 PIP + $10 round trip = $20 or 33% cheaper.

Similar to the EUR/USD, the average spread is 1 PIP and many times less during active trading hours.

For Non-US dollar based currencies we calculate the commissions based on the current deal rate.

Formula: Base Commission x Deal Rate = total commission

$5.00 * (EUR/USD deal rate) 1.2875 = $6.43 or $12.87 round trip.

EUR/USD Trade Cost: 1 PIP (many times less) + $12.87 (round trip cost) = $23.00 or %23 cheaper.

Going one set further, if you are not placing a market order, I always suggest taking advantage of the ability to post trades between the spread with a limit order. Remember, MB Trading does not put any restrictions on your limit orders like many firms.
  • #3,135
  • Feb 12, 2009 2:50am Feb 12, 2009 2:50am
Quoting Crassius
Yes they do. It's 2/3 a pip commission added to 1/2 a pip to 1 pip spread on EUR_USD for example, often lower during the European and NY sessions.

As ECNs go, MB is a bit high at 1/2 a basis point, but you get that rate even if you're not trading 100,000 unit lots.

If you can't break into profitabliity with these spreads/commissions, you need to improve as a trader, not find lower transaction costs. You've reached a point of deminishing returns from lower fees at some point.
thanks crassius
  • #3,136
  • Feb 12, 2009 2:53am Feb 12, 2009 2:53am
justin is it possible for your company to send out an email to everyone who's interested once u start your live mt4 accounts?

i asked your online support staff but he said there was no specific date scheduled as yet so instead of checking back every week could you send us an email please?
  • #3,137
  • Edited 10:14am Feb 12, 2009 9:25am | Edited 10:14am
Please take a look at our most recent updates to the MB Trading website.

MBTv – Now Available

As part of MBT Research, which can be found in the MBT Navigator under the Navigate tab, we have added MBTv to our website. MBTv offers professional market and business news, many of the segments recorded directly from the floor of the NYSE featuring interviews with traders, business CEO’s and market experts. Check back daily for new videos posted throughout the day.

  1. Daily Market Commentary from the floor of the NYSE
  2. Wall Street Open: Us and European markets, key marcro figures, dollar, oil and corporate news.
  3. European Close: Key European market movers, relative Europe-US performance.
  4. After the Bell: Wall Street closing data, key US market movers, key figures.
  5. Interviews: traders, analyst, economists, corporate executives, etc.
  6. Specific reports on "hot subjects": interest rates, US inflation, etc.
  7. Foreign Exchange and macroeconomics updates.

Contact Page Updates – more options now than ever before to connect with an MB representative.

MBT Research Overview tutorial – take a quick tour to see the benefits.

Safety of Funds Page – Have peace of mind with MB Trading.

I look forward to hearing any feedback you might have.

  • #3,138
  • Feb 12, 2009 9:45am Feb 12, 2009 9:45am
Quoting fugly
justin is it possible for your company to send out an email to everyone who's interested once u start your live mt4 accounts?

i asked your online support staff but he said there was no specific date scheduled as yet so instead of checking back every week could you send us an email please?
Might be Maerch but maybe Justin can confirm
every Saint has a past. Every Sinner has a Future
  • #3,139
  • Feb 12, 2009 9:52am Feb 12, 2009 9:52am
Quoting fugly
justin is it possible for your company to send out an email to everyone who's interested once u start your live mt4 accounts?

i asked your online support staff but he said there was no specific date scheduled as yet so instead of checking back every week could you send us an email please?
Yes, we will notify everyone via email when that time comes.
  • #3,140
  • Feb 12, 2009 1:43pm Feb 12, 2009 1:43pm
Quoting jleblang
Please take a look at our most recent updates to the MB Trading website....
Hi Justin,

regarding Safety of Funds, in that page it is stated that Commodity Futures Contracts and Forex are ineligible for SIPC protection. What kind of "peace of mind" do you propose to Forex Traders?

thank you,

regards,

Johnlucas.
3 traders viewing now