MB Trading Futures - Introduction | Page 177 | 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

  • #3,521
  • May 15, 2009 3:46pm May 15, 2009 3:46pm
Everyone-

On Monday, probably around 1 pm EST, we will be opening up our On-Line Forex Application to accept a certain number of MetaTrader 4 accounts for public beta testing. Once we reach a certain number of accounts, the application will be shut off until we are ready for another wave of people. There are a couple of things that you need to know if you are going to fill out the application while it is open.

 

  1. You will have to sign a Beta Testing Agreement before you will be allowed to fund your account and trade.
  2. You will need to fund this account within 5 business days of account approval or we will be closing the account until we are out of Beta.


Those that are Beta testing for us will receive a rate of $3 per $100,000 while in Beta testing. Also, you will be able to just continue to use that account once the Beta has ended. Please note that Nav accounts and Meta accounts are not compatible at this time, so if you presently have a Nav account, you are going to have to open a separate account for MetaTrader. You can move money between Nav and Meta accounts same day with one form.

Finally, if you plan to run EAs in this account, please be sure that you have read about the differences between deal desk MetaTrader and ECN MetaTrader here:

http://www.mbtrading.com/metaTrader4Differences.aspx

And our FAQ here:

http://www.mbtrading.com/metaTrader4FAQ.aspx

And also, we highly recommend that you test your revised EAs in our Demo environment first.

Have a great weekend.

  • #3,522
  • May 15, 2009 11:18pm May 15, 2009 11:18pm
Quoting phy
Build 224 has a new error code, 149, "Hedging is prohibited".

I buy 3 lots, then I sell 4.

Your MT4 gives me a "no hedging error" and the order fails rather than reversing the position and going short 1 lot.

Navigator does it correctly, if I remember right. It's been a long time since I used it.
I think that to be able to avoid the hedging error you must first close the position (in your case the 3 open buy lots) then you may enter a sell order for one lot.
  • #3,523
  • May 18, 2009 11:15am May 18, 2009 11:15am
Quoting phy
Build 224 has a new error code, 149, "Hedging is prohibited".

I buy 3 lots, then I sell 4.

Your MT4 gives me a "no hedging error" and the order fails rather than reversing the position and going short 1 lot.

Navigator does it correctly, if I remember right. It's been a long time since I used it.
Effective May 15, the NFA requirements no longer allow US brokers to offer hedging features. MetaTrader has already made this adjustment in their system. You must close the position to open a new one in MetaTrader. This is because MetaTrader treats orders separately. Nav, on the other hand, does not suffer from this rule. If you are long 3 of something in Nav and put in an order to sell 4, it automatically sells your 3 and puts you short 1.
  • #3,524
  • May 18, 2009 3:03pm May 18, 2009 3:03pm
Attention MetaTrader Users:

You may now submit an application to trade Meta Trader live with MB Trading on our ECN system. To complete your online application, please visit: http://mbtrading.com/openAnAccount.aspx?id=Forex. When you start your online application, you’ll have the option to select MBT Navigator or Meta Trader 4 – please select Meta Trader 4.

We will only be accepting a specified number of new accounts at this time, and then the application on the website will stop working until we are ready for our next group of testers. Please note that Beta users will receive a $3 per $100,000 rate during Beta testing.

Thank you for your patience and cooperation.
  • #3,525
  • May 18, 2009 6:32pm May 18, 2009 6:32pm
Has the minimum trade size changed? IIRC it was 10k originally, but the new MT4 betas seems to accept 1k trades. And now Navigator even seems to allow free granularity, down to a single currency unit? (above the 1k minimum)

Will there be different conditions on the 2 platforms in the future?
  • #3,526
  • May 20, 2009 11:30am May 20, 2009 11:30am
Trading with your IRA:

MB Trading allows you to trade all market classes through your IRA account. The Entrust group will be presenting on the process, benefits, and how your IRA account is handled by their company.

REGISTER or LEARN MORE

Wednesday May 20th at 8:00 PM EST
  • #3,527
  • May 20, 2009 7:23pm May 20, 2009 7:23pm
Hi Guys,

If anyone attended the webinar tonight, topic "Trading with Your IRA", please let me know what you thought of the presentation. Did you find value in the presentation, would you recommend it to others, etc.

Thank you.
  • #3,528
  • May 20, 2009 7:56pm May 20, 2009 7:56pm
Hi Justin,

This might be an idiotic question after your last two posts, given that you posted them on a Forex forum, but, here goes: Are you even allowed to trade Forex on an IRA account? I know that before I even traded forex and was still with equities, there were all kinds of restrictions on my retirement accounts, including not being able to short stocks or buy on margin.

Given the nature of the forex market (buying just as common as shorting, huge leverage, etc...), I would think that those restrictions would mean that forex trading in an IRA would not be allowed.

Thanks!
Dahlia
Money missed is better than money lost
  • #3,529
  • May 21, 2009 12:22pm May 21, 2009 12:22pm
Quoting Dahlia
Hi Justin,

This might be an idiotic question after your last two posts, given that you posted them on a Forex forum, but, here goes: Are you even allowed to trade Forex on an IRA account? I know that before I even traded forex and was still with equities, there were all kinds of restrictions on my retirement accounts, including not being able to short stocks or buy on margin.

Given the nature of the forex market (buying just as common as shorting, huge leverage, etc...), I would think that those restrictions would mean that forex trading in...
Dahlia,

You may open and trade an FX account with your IRA with MB Trading. The application is located here: http://mbtrading.com/openAnAccount.aspx?id=Forex
  • #3,530
  • May 23, 2009 1:42pm May 23, 2009 1:42pm
Quoting zebub
Has the minimum trade size changed? IIRC it was 10k originally, but the new MT4 betas seems to accept 1k trades. And now Navigator even seems to allow free granularity, down to a single currency unit? (above the 1k minimum)

Will there be different conditions on the 2 platforms in the future?
This information is not easy to get.

I found an official mention of 1k in the MT4 faq - nothing about Navigator though...
  • #3,531
  • May 24, 2009 6:25am May 24, 2009 6:25am
I've been able place .1100 etc type trades. Enjoy.
  • #3,532
  • May 24, 2009 9:45am May 24, 2009 9:45am
Quoting mdetlh
I've been able place .1100 etc type trades. Enjoy.
Let's see if I understand this correctly: they do allow a minimum trading volume of 0.01 standard lots (1000 units of currency). Correct?

I am sorry to ask this this yet again, but in the MT4 FAQ that was mentioned before they state:

"What will be the minimum trade size I can place?
0.1 lot or 1000 currency units."

The 1000 currency units seems clear enough, but the fact that they say this equates 0.1 lots makes me doubt again... unless they have a different definition of what 1 lot is.

Some brokers have different value for minimum trade volume and granularity (for example, Alpari UK in their standard accounts have a minimum trading volume of 0.1 lots but above that the granularity is 0.01, so that you can trade for example 0.11 or 0.12 lots if you want).
  • #3,533
  • May 24, 2009 11:50am May 24, 2009 11:50am
Quoting PipAdder
Let's see if I understand this correctly: they do allow a minimum trading volume of 0.01 standard lots (1000 units of currency). Correct?

I am sorry to ask this this yet again, but in the MT4 FAQ that was mentioned before they state:

"What will be the minimum trade size I can place?
0.1 lot or 1000 currency units."

The 1000 currency units seems clear enough, but the fact that they say this equates 0.1 lots makes me doubt again... unless they have a different definition of what 1 lot is.

Some brokers have different value for minimum...
MB Trading systems, 1 lot = 10,000 (i.e. what others refer to as a mini). So the FAQ is correct.
  • #3,534
  • May 24, 2009 6:54pm May 24, 2009 6:54pm
Quoting IndyTrader
MB Trading systems, 1 lot = 10,000 (i.e. what others refer to as a mini). So the FAQ is correct.
Noted, thanks
  • #3,535
  • May 24, 2009 7:06pm May 24, 2009 7:06pm
Hello EFX, I have been looking for a broker, so I've been checking out your mt4 platform. Please let me know that the feed from your demo is different from that of the live accounts... What's up with the below?

Also, when will the web and mobile platforms become available?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 29 KB
  • #3,536
  • May 25, 2009 12:09pm May 25, 2009 12:09pm
When will the MBtrading Metatrader 4 platform go alive? Is the same spread in MBT navigator and MBmetatrader 4?
  • #3,537
  • May 25, 2009 2:37pm May 25, 2009 2:37pm
Justin

I wanted to know the charges for setting up a third party platform like esignal or ninja with mb data feed for live trading.

Do I need to buy the third party software? Or do I need to lease it for a monthly rental? or can i use the free versions to and have a datafeed from mb & trade live with mbtrading?

thanks
  • #3,538
  • May 26, 2009 3:01pm May 26, 2009 3:01pm
Quoting jleblang
Attention MetaTrader Users:

You may now submit an application to trade Meta Trader live with MB Trading on our ECN system. To complete your online application, please visit: [font=Calibri][color=black]http://mbtrading.com/openAnAccount.aspx?id=Forex[size=3]. When you start your online application, you’ll have the option to select...
So anybody trading this live and how is it going?

Most of the time I try to trade the demo there is a problem!

regards all
  • #3,539
  • May 27, 2009 1:19am May 27, 2009 1:19am
Quoting fugly
Justin

I wanted to know the charges for setting up a third party platform like esignal or ninja with mb data feed for live trading.

Do I need to buy the third party software? Or do I need to lease it for a monthly rental? or can i use the free versions to and have a datafeed from mb & trade live with mbtrading?

thanks
fugly ~

Each third party provider has their own subscription and software fees. eSignal for example has monthly or annual fees for the various charting solutions, we integrate with them all.

NinjaTrader on the other hand is free for charting and analytics with our data feed, but if you want to execute trades through them, you must lease the software.

It really just depends on your needs. If you would like to email me directly and desribe what it is you're looking for, I'd be happy to send you a list of recommendations.

Just let me know.
  • #3,540
  • May 27, 2009 1:34am May 27, 2009 1:34am
Quoting dunningduke
Hello EFX, I have been looking for a broker, so I've been checking out your mt4 platform. Please let me know that the feed from your demo is different from that of the live accounts... What's up with the below?

Also, when will the web and mobile platforms become available?

Thanks
The spike you're seeing below is most likely a result of us updating the Meta Demo environment and not reflective of the live system.

I do not have an update on the Nav Mobile, but as soon as I know more I'll be sure to post.
1 trader viewing now