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MB Trading Futures - Introduction

  • #3,641
  • Jun 24, 2009 12:29pm Jun 24, 2009 12:29pm
100K accounts only?? The form defaults to 100K for MT4. No 10K available??
I'm pretty much done with all this ...
  • #3,642
  • Jun 24, 2009 12:30pm Jun 24, 2009 12:30pm
Quoting fiberangel
TTO orders are market orders. Whenever one of the legs hits your price, the order becomes market order and will execute at market.
I don't think so. MBT's Web site refers to Limit when discussing TTOs:

In Generic MetaTrader none of your orders change the quote. MBT MetaTrader, any limit order (to get into or out of a trade) reflects in the quote. The target (limit) side of a TTO, however, does NOT reflect in the quote because a TTO is waiting for either price to hit.

But I could be wrong.
One Chart is Worth Ten Thousand Words.
  • #3,643
  • Jun 24, 2009 12:32pm Jun 24, 2009 12:32pm
Quoting fiberangel
TTO orders are market orders. Whenever one of the legs hits your price, the order becomes market order and will execute at market.
Correct. The TTO specifies two prices, an upper and lower price trigger. Once the market trades at either price a MARKET order is sent for execution.
  • #3,644
  • Jun 24, 2009 12:38pm Jun 24, 2009 12:38pm
Quoting StoragePro
100K accounts only?? The form defaults to 100K for MT4. No 10K available??
Storage,

All accounts are opened by default at 1 LOT = 10k. We do not distinguish between the standard and mini lots in our accounts.

 

  1. .1 lot = 1000
  2. 1 lot = 10k
  3. 10 lot = 100k

  • #3,645
  • Jun 24, 2009 12:40pm Jun 24, 2009 12:40pm
Quoting jleblang
Correct. The TTO specifies two prices, an upper and lower price trigger. Once the market trades at either price a MARKET order is sent for execution.
Thank you for the explanation, Justin. You were right, Fiberangel.
One Chart is Worth Ten Thousand Words.
  • #3,646
  • Jun 24, 2009 12:45pm Jun 24, 2009 12:45pm
thanks buddy for the help
Quoting jleblang
Correct. The TTO specifies two prices, an upper and lower price trigger. Once the market trades at either price a MARKET order is sent for execution.
  • #3,647
  • Jun 24, 2009 12:45pm Jun 24, 2009 12:45pm
Thanks Justin.

One last question - I notice on the demo the daily price bars close at midnight EST.

What time does the daily bar close on the live system?



Quoting jleblang
Storage,

All accounts are opened by default at 1 LOT = 10k. We do not distinguish between the standard and mini lots in our accounts.

 

  1. .1 lot = 1000
  2. 1 lot = 10k
  3. 10 lot = 100k

I'm pretty much done with all this ...
  • #3,648
  • Jun 24, 2009 12:45pm Jun 24, 2009 12:45pm
Quoting Forex007
I don't think so. MBT's Web site refers to Limit when discussing TTOs:

In Generic MetaTrader none of your orders change the quote. MBT MetaTrader, any limit order (to get into or out of a trade) reflects in the quote. The target (limit) side of a TTO, however, does NOT reflect in the quote because a TTO is waiting for either price to hit.

But I could be wrong.
Forex007-

Keep in mind, these are two separate platforms.

In NAV, your TTO orders are based on when the bid or ask is touched, and then a market order is fired. Thus, your “Take Profit” (as Meta would call it) doesn’t necessarily fill at the exact price. The reason for this is simple. We can’t place both trades on the ECN separately, and the ECN doesn’t have the ability to guarantee that one gets handled if the other hits.

In MetaTrader, the equivalent of entering a TTO would be to enter a T/P and a S/L. While other MetaTrader brokers (deal desks) just fill whichever price hits first, your orders again are routed to the ECN when you trade through us. Therefore, if you place just a T/P, it will be a Limit order sitting on the ECN, reflected in the quote, waiting for the market to get there and fill it on the way through. On the other hand, if you have both T/P and S/L in MetaTrader, again we can’t have both as live trades, so Meta holds until either price hits and then fires a market order. Firing a market order means that your fill will depend on the spread, etc.
  • #3,649
  • Jun 24, 2009 2:33pm Jun 24, 2009 2:33pm
Received this email an hour ago:

"Hello Everyone,

We have opened 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 accounts. This will most likely be Wednesday evening or Thursday morning. If you are interested in becoming a beta tester of MT4 with an ECN, please read through the following information and follow the links to start your application.
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.

Get Started Now:

Open your live account by visiting http://mbtrading.com/openAnAccount.aspx?id=Forex and selecting “open an individual account.” Be sure to select Meta Trader 4 before proceeding with the application process.

Sincerely,

Justin LeBlang"

  • #3,650
  • Jun 24, 2009 3:13pm Jun 24, 2009 3:13pm
Quoting StoragePro
Thanks Justin.

One last question - I notice on the demo the daily price bars close at midnight EST.

What time does the daily bar close on the live system?
Also midnight EST. Everything about the ECN server execution is EST, so thus, Meta has to be also.
  • #3,651
  • Jun 24, 2009 10:22pm Jun 24, 2009 10:22pm
Quoting Verto
Received this email an hour ago:

"Hello Everyone,

We have opened 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 accounts. This will most likely be Wednesday evening or Thursday morning. If you are interested in becoming a beta tester of MT4 with an ECN, please read through the following information and follow the links to start your application....

Thanks Verto, but Justin already posted that here.
  • #3,652
  • Jun 24, 2009 11:57pm Jun 24, 2009 11:57pm
Hi Justin and other knowledgable MBT Navigator users.
I just wondered whether the charts inside the Navigator are supposed to work.I can see a chart window but no chart data.
Am i doing something wrong or do i need to do something to get the charts up?
Sorry for the silly question but i cannot find a solution thus far.
Any help is appreciated
Thanks in advance.

Cheers
  • #3,653
  • Jun 25, 2009 12:08am Jun 25, 2009 12:08am
The execution is very slow.....It takes 5-10second to execute one trade and also to close one trade.....this is ridiculous
  • #3,654
  • Jun 25, 2009 1:01am Jun 25, 2009 1:01am
Quoting smart_trader
The execution is very slow.....It takes 5-10second to execute one trade and also to close one trade.....this is ridiculous
Man, do you dare to provide your so called "standard-lot-trading-issues" to MBTF, according to Justin's said. Then we can have serious talk here.

If not,what's you said in your 2 posts (and the only 2 posts in this forum) is just B.S. period.
  • #3,655
  • Jun 25, 2009 2:08am Jun 25, 2009 2:08am
Quoting smart_trader
The execution is very slow.....It takes 5-10second to execute one trade and also to close one trade.....this is ridiculous
Smart trader,
you have to connect to internet first, before you press buy/sell button
  • #3,656
  • Jun 25, 2009 3:15am Jun 25, 2009 3:15am
Quoting sebastiaos
Smart trader,
you have to connect to internet first, before you press buy/sell button
One Chart is Worth Ten Thousand Words.
  • #3,657
  • Jun 25, 2009 9:46am Jun 25, 2009 9:46am
Quoting skfx
Hi Justin and other knowledgable MBT Navigator users.
I just wondered whether the charts inside the Navigator are supposed to work.I can see a chart window but no chart data.
Am i doing something wrong or do i need to do something to get the charts up?
Sorry for the silly question but i cannot find a solution thus far.
Any help is appreciated
Thanks in advance.

Cheers
skfx,

You can try two things;

1. From the FX Board drag the symbol you would like to view over to the chart area. This should pull up data.

2. In the left hand corner of the chart there should be a place for you to type in the symbol you would like to view.

Let me know if that helps please.
  • #3,658
  • Jun 25, 2009 9:52am Jun 25, 2009 9:52am
Quoting smart_trader
The execution is very slow.....It takes 5-10second to execute one trade and also to close one trade.....this is ridiculous
While I'm not sure about the legitimacy of this post, here is what I suggest you do:

1. Contact MB Trading direct at 866.558.3342 or [email protected] and provide us with specifics on the issue and we will research.

2. Contact me directly at justin@mbtrading and I'll review the alleged very slow execution with you.

3. Ask others on the forum if they are experiencing the same problem and see what they say.
  • #3,659
  • Jun 25, 2009 3:59pm Jun 25, 2009 3:59pm
OMG ... I can't even close my trades on the AUD/NZD after the price spiked upward in my favor ... it's not even responding to the TTO ... this is extremely ridiculous ...
  • #3,660
  • Jun 25, 2009 5:34pm Jun 25, 2009 5:34pm
Quoting Schminner
OMG ... I can't even close my trades on the AUD/NZD after the price spiked upward in my favor ... it's not even responding to the TTO ... this is extremely ridiculous ...
Funny, I've been trading the last few days and have had the same, great execution with no problems at all.
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