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MB Trading Futures - Introduction

  • #3,441
  • Apr 27, 2009 10:43am Apr 27, 2009 10:43am
Quoting Eclipse
To jleblang:

When will MB Trading accept accounts in EUR?

thanks
No ETA, but something we hope to offer eventually.
  • #3,442
  • Apr 27, 2009 6:08pm Apr 27, 2009 6:08pm
Can you transfer money between an equity account to and from a forex account?
  • #3,443
  • Apr 28, 2009 9:00am Apr 28, 2009 9:00am
Quoting jleblang
Hello grandaevus,

We actually have what you are looking for already built into the TTO window in the MBT Navigator. I'm attaching a screen shot below for you.

To place the order you are looking for you, your trade must have already been triggered. Once the trade is active, you can select TTO by changing your template or in the drop down list of order types.

Once the TTO window is up, if you are short you'll select 'cover' and you'll have the option to add a 'Trailing Offset'.

In my example attached, I was short EUR/USD -200k at 1.3055....
Thank you very much Justin. Highly appreciated.
  • #3,444
  • Apr 28, 2009 9:07am Apr 28, 2009 9:07am
People dicking around with amounts less than a minilot in the inside-market is a total nuisance. There should be a setting to only display amounts exceeding a user-definable threshold. Would make the best bid/ask quotes a tad more meaningful.
  • #3,445
  • Apr 28, 2009 9:21am Apr 28, 2009 9:21am
Quoting msc
Can you transfer money between an equity account to and from a forex account?
Yes you may.
  • #3,446
  • Apr 28, 2009 9:56am Apr 28, 2009 9:56am
Hi Everyone,

Don’t read too much into this (unless you want to), but I just wanted to make a comment about EAs and our MT4. If you have EAs that run on other platforms, it is likely that they will require some tweaking to run on our system. There are two primary reasons for this:

1)The fifth decimal place.
2)The fact that in a true ECN environment, you can get partial fills.

For those of you that are eagerly waiting for us to release MT4, I highly recommend opening up a Demo account and running your EAs there for testing purposes. IF YOU HAVE encrypted EAs from a vendor that you bought, I would also recommend contacting them and making sure that they are making the adjustments and getting you a working copy. That’s all I have for now.
  • #3,447
  • Apr 28, 2009 5:14pm Apr 28, 2009 5:14pm
Hey Justin,

When will MB be accepting Live accounts?
  • #3,448
  • Apr 28, 2009 9:58pm Apr 28, 2009 9:58pm
Quoting msc
Can you transfer money between an equity account to and from a forex account?
Yes. You need to set up an account that will allow you to put you're money in whatever you like. You can set up an account with Equity Trusts. I had to do it. It took a couple weeks to get set up but it was worth it.
  • #3,449
  • Apr 29, 2009 8:58am Apr 29, 2009 8:58am
Anybody from mb trading? do you have connection problems on server side?
i receive message: unable to connect to perms.

thank you
  • #3,450
  • Apr 29, 2009 8:59am Apr 29, 2009 8:59am
your web site is also unavailable.
  • #3,451
  • Apr 29, 2009 12:57pm Apr 29, 2009 12:57pm
Quoting valery
your web site is also unavailable.
Valery, we aren't experiencing issues with the Navigator or the website.

www.mbtrading.com
  • #3,452
  • Apr 30, 2009 1:09am Apr 30, 2009 1:09am
will mbt have that option available?
hopefully the volume will ramp up, nice to have a central exchange
  • #3,453
  • Apr 30, 2009 9:18am Apr 30, 2009 9:18am
Quoting personkid
will mbt have that option available?
hopefully the volume will ramp up, nice to have a central exchange
Are you referring to CME Mini Futures?

http://mbtrading.com/commissions.aspx?page=Futures#
  • #3,454
  • Apr 30, 2009 9:32am Apr 30, 2009 9:32am
Guessing he refers to the new cme micro futures which are not listed on your website yet.
  • #3,455
  • Apr 30, 2009 10:39am Apr 30, 2009 10:39am
Quoting jleblang
Hi Everyone,...
Justin.. You might add the fact that an ECN does not accept hedges. Many EA's running on MT4 overlap trades in opposite directions. Users may not recognize this as a hedge, but an ECN will close one trade by the other.

Yet one of the EA's I am testing often enters overlapping trades. These do not seem to be closed by MBT, but are accounted for by MT4 just as with dealing-desk brokers. Will the live MT4 accept overlapping trades?

BTW, is there any way to force partial fills on the MT4 demo? I have been testing three EA's for 3 months, and have never been affected by a partial fill. Perhaps the demo MT4 takes care of this automatically, but it never shows up in my account history. Is this how the live MT4 will operate?



All of this raises the question of whether the demo version of MT4 provides a good test for the live version.
  • #3,456
  • May 1, 2009 1:29am May 1, 2009 1:29am
the new currency equivilents that are mini forex futures Justin
  • #3,457
  • May 4, 2009 1:11pm May 4, 2009 1:11pm
Quoting Trader KGB
Lastly, is there any chance the historical feed available on the ActiveX API could also be made available on the TCP/IP API? I've spoken with QuoteTracker support and this is basically the only issue preventing them from adding MBT backfill support. thanks
Justin,

Any info on this? Could you forward the request to your IT dept? Thanks.
  • #3,458
  • May 4, 2009 8:13pm May 4, 2009 8:13pm
Be careful using MBT's market stops, they don't guarantee it although they claim they do! I saw it went through in live account, losing confidence. I will do a follow up only if there is any improvement or official reply.
  • #3,459
  • May 4, 2009 9:44pm May 4, 2009 9:44pm
I selected 'trade through' stop method but stops were taken out even before MBT's chart price is violated... another disappointment. Is their order server screwed up of what?
  • #3,460
  • May 4, 2009 10:36pm May 4, 2009 10:36pm
Quoting belief
Be careful using MBT's market stops, they don't guarantee it although they claim they do! I saw it went through in live account, losing confidence. I will do a follow up only if there is any improvement or official reply.
Belief -

Could you please clarify where we state that we guarantee our stop orders?

From our website:

"Buy or sell at market once the price reaches or passes through a specified price. Used by traders who either have a position (long or short) and want to close the position if it moves against them OR by traders who wish to open a new position once the currency rises to a specific level. The stop price on a sell stop must be below the current bid. The stop price on a buy stop must be above the current offer. Stop orders do not guarantee you an execution at or near the stop price. Once triggered, the order competes with other incoming market orders."

http://mbtrading.com/forexOrderTypes.aspx

During volatile market conditions it is possible to experience "slippage" on stop orders, but due to our extensive list of liquidity providers, MB Trading is well known for reliable order fills.

If you would like us to research the fills that you feel should have received a better price, we would be more than glad to. Please email [email protected] with account number, order detail and contact information.
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