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MB Trading Futures - Introduction

  • #3,741
  • Jul 6, 2009 10:05pm Jul 6, 2009 10:05pm
Quoting qweabc
Hope you had a good weekend. Looks like you missed my post.

Any ETA on the MBT Nav Wireless? The website says it's available, but customer service disagrees. Also, if you can give me an idea of what devices would be supported, I can start working on getting something compatible.
Qweabc,

Website says Wireless is in Beta. It only is for the Blackberry Bold at this time. However, the development team is wrapping up the web application first and then they will move back to the Wireless app, so only the existing Beta testers are using it.
  • #3,742
  • Jul 6, 2009 10:05pm Jul 6, 2009 10:05pm
Quoting ianlikesgolf
Hi Justin

Could you please post here as soon as you know when MB Trading accepts some more applications for a live forex metatrader account. I talked to someone on the phone today and He said that MB trading opens up Metatrader applications about every 2 weeks for a short time.

thankyou Ian
Yes, absolutely.
  • #3,743
  • Jul 7, 2009 5:05am Jul 7, 2009 5:05am
Hello Justin, I see that the minimum account funding is $400, what is the minimum value per pip movement you can trade when testing MBT platform, regards jonmem
  • #3,744
  • Jul 7, 2009 7:20am Jul 7, 2009 7:20am
Hey Justin.....if FX in the US gets the crazy leverage reduction passed .....any chance of MB opening a UK office to preserve at least 100:1 over all the pairs (insured funds would be nice too!)
  • #3,745
  • Jul 7, 2009 11:48am Jul 7, 2009 11:48am
Quoting jonmem
Hello Justin, I see that the minimum account funding is $400, what is the minimum value per pip movement you can trade when testing MBT platform, regards jonmem
Minimum trade size is .1 lot or 1000 currency units.
  • #3,746
  • Jul 7, 2009 11:51am Jul 7, 2009 11:51am
Quoting Rise
Hey Justin.....if FX in the US gets the crazy leverage reduction passed .....any chance of MB opening a UK office to preserve at least 100:1 over all the pairs (insured funds would be nice too!)
No idea....its hard to play what if games. I will say that just as we have always done in the past, we will work diligently to find a solution that is compliant and satisfies the needs of our clients if changes need to be implemented.
  • #3,747
  • Jul 7, 2009 1:11pm Jul 7, 2009 1:11pm
Quoting jleblang
No idea....its hard to play what if games. I will say that just as we have always done in the past, we will work diligently to find a solution that is compliant and satisfies the needs of our clients if changes need to be implemented.

Webinar scheduled tonite for Basic Navigator.....recorded? Like to watch it but not available at 5:00 pm pst

Cheers
  • #3,748
  • Jul 7, 2009 1:22pm Jul 7, 2009 1:22pm
Quoting jleblang
Minimum trade size is .1 lot or 1000 currency units.
Sorry but isn't 0.1lot 10,000 currency units?
  • #3,749
  • Jul 7, 2009 3:23pm Jul 7, 2009 3:23pm
Quoting MyaNyx
Sorry but isn't 0.1lot 10,000 currency units?

MB trades mini lots, so one mini lot is 10,000.00
So 0.1 to them would be 1000.

Hope this clarifies.


Justin, do you give a heads up to when you will open a window for beta accounts for MT4? I mean like more than one hour before... ahaha.
  • #3,750
  • Jul 7, 2009 7:21pm Jul 7, 2009 7:21pm
0.1 lot = 1000 currency units = 10 cents per pip, in USD pairs.
  • #3,751
  • Jul 7, 2009 11:17pm Jul 7, 2009 11:17pm
Justin on June 22 you mentioned that a new version of nav was coming out the next day and midnight maintenance was going to five. Since Nav went down for 14 mins tonight and cost me a few bucks i was wondering if this was coming soon?


Drkyle-

Thank you for bringing this to my attention. We did some server updates as we have a new version of Navigator available tomorrow that eliminates the midnight maintenance for FX (moves it to 5 pm EST to coincide with the rollover period). The switch on the TTOs was not intentional and was simply an error made in the code that came with the update. It was a change that was not meant to be rolled out at this time and was an inadvertent error. Of course, if the intent had been to change the order logic, we would have notified our customers in advance.
__________________
Justin LeBlang
MB Trading Futures
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  • #3,752
  • Jul 8, 2009 2:34am Jul 8, 2009 2:34am
Quoting joselb
Hello Justin,
I am using an EA in the mt4 platform and sometimes I receive this error:

2009.07.06 09:19:53 JL EURUSD,H1: invalid price 1.39015500 for OrderSend function

Why donīt you round the price to 5 decimals instead those decimals?. Is it possible or do you know some solution to this problem?

I mean about the robot opening a trade with those decimals (received in some particular moment by MBT) and when the robot tries to cover that trade sending a similar price in decimals later (a limit position calculated from the last price sent) then...
This is not a problem with MBT. It is a problem with the EA. Your EA needs to use the NormalizeDouble function for your prices. As the EA documentation says:

Quote
The calculated StopLoss and TakeProfit values, as well as open price of pending orders must be normalized with a precision the value of which is stored in the pre-defined variable of Digits.

This means that you should do:
price = NormalizeDouble(1.39015500, Digits);

Then you use that normalized value in your order send function.
If you didn't write the EA, ask the developer to update the EA to use this function for all prices used in their order send function.
  • #3,753
  • Jul 8, 2009 4:39am Jul 8, 2009 4:39am
Thanks a lot.
Yes, thatīs what I did and I am testing it. But what I was saying is that all brokers do that in their servers and so it avoids many problems to all robots that someone has bought.

Quoting jarius
This is not a problem with MBT. It is a problem with the EA. Your EA needs to use the NormalizeDouble function for your prices. As the EA documentation says:



This means that you should do:
price = NormalizeDouble(1.39015500, Digits);

Then you use that normalized value in your order send function.
If you didn't write the EA, ask the developer to update the EA to use this function for all prices used in their order send function.
  • #3,754
  • Edited 4:56am Jul 8, 2009 4:39am | Edited 4:56am
Quoting pricey
and the other one that leverage possible will be reduced?
I heard the leverage will be 100:1 on majors and 25:1 on crosses. If that's true, MB is already 100:1 so it shouldn't affect anything.

BTW, I found a link....

http://www.nfa.futures.org/news/PDF/...Notc021909.pdf
  • #3,755
  • Jul 9, 2009 11:20am Jul 9, 2009 11:20am
Quoting goldsurfer
Webinar scheduled tonite for Basic Navigator.....recorded? Like to watch it but not available at 5:00 pm pst

Cheers
For recordings of webinars you can email [email protected] and request the copy you would like.

Regards,
  • #3,756
  • Jul 9, 2009 11:21am Jul 9, 2009 11:21am
Quoting drkyle
Justin on June 22 you mentioned that a new version of nav was coming out the next day and midnight maintenance was going to five....
drkyle,

The new NAV rev with the maintenance time change is coming very shortly, I have the beta on my computer now. I will post when the new version is available for download.
  • #3,757
  • Jul 9, 2009 11:24am Jul 9, 2009 11:24am
Quoting steve930
I heard the leverage will be 100:1 on majors and 25:1 on crosses. If that's true, MB is already 100:1 so it shouldn't affect anything.

BTW, I found a link....

http://www.nfa.futures.org/news/PDF/...Notc021909.pdf
steve,

That is correct.
  • #3,758
  • Jul 9, 2009 11:40am Jul 9, 2009 11:40am
Hello Justin,

Any chance MBT would consider opening an office like in the UK so traders can trade with MBT with out these changes by the NFA?

Regards,
Jeff

Quoting jleblang
steve,

That is correct.
  • #3,759
  • Jul 9, 2009 12:08pm Jul 9, 2009 12:08pm
Quoting jleblang
For recordings of webinars you can email [email protected] and request the copy you would like.

Regards,
Thanks

Mt4 demo seems to be doing much better overall, down this morning though.

Cheers
  • #3,760
  • Jul 9, 2009 8:05pm Jul 9, 2009 8:05pm
When will the NFA implement this new leveraging policy with brokers?

Or is it just a speculation for now?
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