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MB Trading Futures - Introduction

  • #3,461
  • May 6, 2009 6:43am May 6, 2009 6:43am
ok this is my observation of MBT:

 

  1. a few times stops didn't fill and let losses run. stops supposed to be market order, it should definitely be filled, but in MBT case, it let the price moved pass and what i left with is only position with losses
  2. using real time chart provided by MBT, i put a SL and it get hits even the chart doesn't touch that specific price.

Conclusion is SL always behave differently then what you intended. I have my own reservation after live one month with MBT, and my search for better platform continues. Besides MBT only has USD, and I rather not seeing it depreciates day by day.

  • #3,462
  • May 6, 2009 7:35am May 6, 2009 7:35am
Quoting belief
ok this is my observation of MBT:
Besides MBT only has USD, and I rather not seeing it depreciates day by day.
Belief..
Seems to me that you can avoid depreciation by maintaining a position in the currency that you think is better.

Justin..
Will the live MT4 platform do the accounting to allow users to make hedging trades. The demo MT4 seems to do that.

Thanks
  • #3,463
  • May 6, 2009 9:19am May 6, 2009 9:19am
Quoting belief
ok this is my observation of MBT:

 

  1. a few times stops didn't fill and let losses run. stops supposed to be market order, it should definitely be filled, but in MBT case, it let the price moved pass and what i left with is only position with losses
  2. using real time chart provided by MBT, i put a SL and it get hits even the chart doesn't touch that specific price.

Conclusion is SL always behave differently then what you intended. I have my own reservation after live one month with MBT, and my search for better platform continues....

Are you in Live or Demo? I've never had a stop not execute on MBT.
  • #3,464
  • May 6, 2009 9:53am May 6, 2009 9:53am
Quoting MadCow
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...
Madcow ~

Partial fills in demo can be forced (in terms of reporting) by entering orders with size divisible by 3. In other words, if you place a trade for 0.3, 3, or 9 lots, you’ll get a 3-way split fill. Of course, in the Live environment, partials can happen at different prices, etc., depending on where the counter buys and sells are.
  • #3,465
  • May 6, 2009 3:21pm May 6, 2009 3:21pm
I just wanted to let everyone know that effective today, MB Trading Futures has posted enough funds to meet the new net capital requirements, which will be reflected in our next filing, which is for the month of May. As we have stated from the beginning, MB Trading Futures believes in the regulatory process and believes that these new net capital requirements are beneficial for protecting traders’ funds. We plan to continue to meet and exceed the requirements as they are set forth.
  • #3,466
  • May 6, 2009 6:38pm May 6, 2009 6:38pm
Any tips on opening up an account with MB Trader out of BC / Canada?
  • #3,467
  • May 7, 2009 4:27am May 7, 2009 4:27am
seems quite common on MBT this week, maybe volatility....
even stop-limit orders won't help

all the folks in our network experienced some sort of massive slippage this week on mbt.

we've gone over all the order entry measures to try to prevent this, maybe all of us are missing something, something we may have overlooked.

we tries stop-limit, limit, the works....

anyone have this? and suggestions?

thanks
  • #3,468
  • May 7, 2009 7:53am May 7, 2009 7:53am
Quoting personkid
seems quite common on MBT this week, maybe volatility....
even stop-limit orders won't help

all the folks in our network experienced some sort of massive slippage this week on mbt.

we've gone over all the order entry measures to try to prevent this, maybe all of us are missing something, something we may have overlooked.

we tries stop-limit, limit, the works....

anyone have this? and suggestions?

thanks
How can you get 50 pips of slippage with a stop limit?

Let's say EURUSD is 1.3400 and you want to buy a breakout (stop into) over 1.3450, but you don't want to pay higher than 1.3460 (10 pips).

That's a Buy Stop Limit with a 1.3450 stop and a 1.3460 limit. You can't get filled above the limit, it isn't possible, so that's a max 10 pip slippage (or whatever number you set).
  • #3,469
  • May 7, 2009 9:38am May 7, 2009 9:38am
Some upcoming webinars that might interest you.

5/11 at 3:00 AM EST - Basic Navigator Webinar - European Training Session

 5/12 at 8:00 PM EST – Currensee Introduction (Forex Decision Making Network)

 5/14 at 8:00 PM EST – Advanced Navigator Training

 5/19 at 8:00 PM EST – MBT Research Walkthrough

 5/20 at 8:00 PM EST – Trading with your IRA – everything you need to know.

To register for one of these events of see complete schedule, please visit: http://mbtrading.com/webinars.aspx
  • #3,470
  • May 7, 2009 9:41am May 7, 2009 9:41am
Quoting IndyTrader
Are you in Live or Demo? I've never had a stop not execute on MBT.
It's LIVE, real money at stake and saw it happened a few times already.
  • #3,471
  • May 7, 2009 9:46am May 7, 2009 9:46am
It happened on the live account

and yes it did happen I also talked MBT and they confirmed it as well ans said that it could gap over a stop limit
  • #3,472
  • May 7, 2009 9:47am May 7, 2009 9:47am
Quoting belief
It's LIVE, real money at stake and saw it happened a few times already.
Since your trading live, I'm certain you have contacted FX Support already and had them research the fills for you. When you did that, what have they told you?
  • #3,473
  • May 7, 2009 9:47am May 7, 2009 9:47am
Quoting belief
ok this is my observation of MBT:

 

  1. a few times stops didn't fill and let losses run. stops supposed to be market order, it should definitely be filled, but in MBT case, it let the price moved pass and what i left with is only position with losses
  2. using real time chart provided by MBT, i put a SL and it get hits even the chart doesn't touch that specific price.

Conclusion is SL always behave differently then what you intended. I have my own reservation after live one month with MBT, and my search for better platform continues....

I don't think anyone from MBT is going to address these issue and some of others who mention wide stop loss filled. Blame it on volatility what else. If I see this happens again, I am going to take my money else where.
  • #3,474
  • May 7, 2009 9:48am May 7, 2009 9:48am
I've been to the webinars(and continue to go)

thanks J.
  • #3,475
  • May 7, 2009 9:57am May 7, 2009 9:57am
Quoting jleblang
Since your trading live, I'm certain you have contacted FX Support already and had them research the fills for you. When you did that, what have they told you?
I am NOT here to flame MBT, in fact the reason i parked my money in it was because it's still my preferred broker. I am just expressing my disappointment and will continue to observe and feedback here, unless anyone do not want me to it's fine.

What can they tell me? you are not a market maker but broker, so I dont think you have any refund policy if you have problem with your system/chart feed cause people trade based on that. Tell me if i am wrong.

Look at your chart in all time frames, tell me in what way it resemble any MT4 feeds, I saw long legs everywhere, its so messy i think its still beta but thats the only way to tell if stop loss are taken out by the market or the broker. If your data feed displayed on your chart is questionable, no one would be able to trade with you for long. Again, I am staying with MBT cautiously since I have already funded with them.
  • #3,476
  • May 7, 2009 11:23am May 7, 2009 11:23am
they told me to tak to the Mgt, and I will.
I figure it's just the nature of the game....
I guess all's fair in love and forex, 50point slippage and all....
  • #3,477
  • May 7, 2009 11:28am May 7, 2009 11:28am
Quoting personkid
It happened on the live account

and yes it did happen I also talked MBT and they confirmed it as well ans said that it could gap over a stop limit
Personkid ~

Not sure what you mean about “yes it can gap over a stop limit.” The market action has nothing to do with your order. Of course the market could gap over your stop limit. However, you can’t get FILLED above your limit, so you have complete control over the max you can get slipped, which is what IndyTrader was pointing out. If you EVER got a fill above your limit (on a buy) or below your limit (on a sell), contact us immediately, but I’ve never heard of that happening once. So can you please be more specific.
  • #3,478
  • May 7, 2009 11:32am May 7, 2009 11:32am
Quoting belief
I don't think anyone from MBT is going to address these issue and some of others who mention wide stop loss filled. Blame it on volatility what else. If I see this happens again, I am going to take my money else where.
Belief~

Actually, we definitely are going to address it right here. If you are saying that you got a fill at a price that did not hit on the chart, then I would like to know your order details so that I can look it up. While errors can occur, we would fix a completely erroneous fill. So what I would like you to do is email me personally your order ID for a stop market order that didn’t fill at all when it should have been triggered and also for a stop market order that got filled at a price that wasn’t on the chart and I will research them both immediately and get back to you. We will then jointly discuss the findings on these boards (obviously without giving away any of your personal info).

An example of either of those situations would be problematic and suggest bugs. We have no reports beyond what you have typed on these boards of such bugs.

[email protected]
  • #3,479
  • May 7, 2009 11:56am May 7, 2009 11:56am
Quoting belief
I am NOT here to flame MBT, in fact the reason i parked my money in it was because it's still my preferred broker. I am just expressing my disappointment and will continue to observe and feedback here, unless anyone do not want me to it's fine.

What can they tell me? you are not a market maker but broker, so I dont think you have any refund policy if you have problem with your system/chart feed cause people trade based on that. Tell me if i am wrong.

Look at your chart in all time frames, tell me in what way it resemble any MT4 feeds, I saw long...

What a minute. Are you talking about MT4 or Nav? What long legs?
  • #3,480
  • May 7, 2009 5:13pm May 7, 2009 5:13pm
Quoting jleblang
What a minute. Are you talking about MT4 or Nav? What long legs?
Chirp.
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