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MB Trading Futures - Introduction

  • #3,761
  • Jul 13, 2009 5:09pm Jul 13, 2009 5:09pm
Justin, I would like to open an account but trade through MT4, when are you going to be ready ?

Thanks.
  • #3,762
  • Jul 13, 2009 7:19pm Jul 13, 2009 7:19pm
Quoting ForexSV
Justin, I would like to open an account but trade through MT4, when are you going to be ready ?

Thanks.
Just scan this thread for new messages from Justin - He ALWAYS announces when the sign-up period for MT4 is open for new traders.
  • #3,763
  • Jul 14, 2009 11:10am Jul 14, 2009 11:10am
Quoting Fulltime247
Just scan this thread for new messages from Justin - He ALWAYS announces when the sign-up period for MT4 is open for new traders.

Fulltime thanks for answering.

but look, why cant we open an account when we want? why they have a special dates for that? can you explain it to me?

Thanks again.
  • #3,764
  • Jul 14, 2009 11:41am Jul 14, 2009 11:41am
Quoting ForexSV
Fulltime thanks for answering.

but look, why cant we open an account when we want? why they have a special dates for that? can you explain it to me?

Thanks again.
Haven't you read this thread at all? The live accounts are in beta for the time being, so they only open up enrollments after resolving whatever issues have come up following the previous enrollments.
  • #3,765
  • Jul 14, 2009 12:55pm Jul 14, 2009 12:55pm
Quoting edwardBe
Haven't you read this thread at all? The live accounts are in beta for the time being, so they only open up enrollments after resolving whatever issues have come up following the previous enrollments.

I did, a little bit...the thing is, i'm learning english and i guess it's not good yet so i got confused ......what is beta?

I know that a brainwaves have 3 levels - Alpha, Theta and Delta.

but by looking at your post, i think Beta is some kind of testing mode.

Thanks.
  • #3,766
  • Jul 14, 2009 2:22pm Jul 14, 2009 2:22pm
Quoting ForexSV
I did, a little bit...the thing is, i'm learning english and i guess it's not good yet so i got confused ......what is beta?

I know that a brainwaves have 3 levels - Alpha, Theta and Delta.

but by looking at your post, i think Beta is some kind of testing mode.

Thanks.
Beta means "test" or "pre release". MBT is comfortable to allow a few traders test it with the undestanding that the paltform might not be 100 percent.

Each round of traders admitted is limited on purpose.
I'm pretty much done with all this ...
  • #3,767
  • Jul 16, 2009 8:52am Jul 16, 2009 8:52am
justin a while ago I posted a post on how the market can gap through stop-limit orders basically rendering the limit order moot.

well it was conformed today

I talked with the trade desk and what happened was the stop and limit order were at the same price(I usually try to keep the close to take advandage of spread) and the stop was triggered at the market below the limit and the limit wasn't triggered, thus rendering it moot....


so yes gaps can effect limit orders
  • #3,768
  • Jul 16, 2009 1:56pm Jul 16, 2009 1:56pm
Let's see. If hypothetical current price is 1.4100 and you place stop-limit @ stop 1.4120 with 1.4120 limit. Then price gaps up to 1.4125. Your stop will be triggered and if it was a regular stop, you would have been filled @ 1.4125, but because you placed a stop-limit it essentially prevented you getting slipped. My understanding of stop-limit orders is that stop gets triggered and that trigger action fires limit order. If current price is below your limit, you will be filled, but if it's above, you will not. There is always a chance you will not be filled if your stop and limit entries are the same.



Quoting personkid
justin a while ago I posted a post on how the market can gap through stop-limit orders basically rendering the limit order moot.

well it was conformed today

I talked with the trade desk and what happened was the stop and limit order were at the same price(I usually try to keep the close to take advandage of spread) and the stop was triggered at the market below the limit and the limit wasn't triggered, thus rendering it moot....


so yes gaps can effect limit orders
  • #3,769
  • Jul 16, 2009 2:49pm Jul 16, 2009 2:49pm
yes it can gap to any price(and it also happens when the stop limit is at different prices) the limit doesn'e necessarily get triggered
  • #3,770
  • Jul 17, 2009 9:47am Jul 17, 2009 9:47am
Hi Justin,

I opened a demo account 3 weeks ago and it worked fine for one week. Then, the last 2 weeks it can't connect to the order server. I have an approved live account too, but I wanted to get familiar with the platform before.

I've contacted tech support a couple of times but they don't seem to know what's happening

Thanks

Marcello
  • #3,771
  • Jul 17, 2009 3:53pm Jul 17, 2009 3:53pm
Quoting personkid
justin a while ago I posted a post on how the market can gap through stop-limit orders basically rendering the limit order moot.

well it was conformed today

I talked with the trade desk and what happened was the stop and limit order were at the same price(I usually try to keep the close to take advandage of spread) and the stop was triggered at the market below the limit and the limit wasn't triggered, thus rendering it moot....


so yes gaps can effect limit orders
Stop-limit orders don't guarantee that your order gets filled. Justin, I, and at least one or two other traders told you this back then.

In fact, here is my post
Quote
Yes, the market can gap past your stop limit order. That's the point of the stop limit order, you will not be filled if you can't be within the price you specify. The caveat being that you may not get filled at all.

If you set a stop-limit order with the same price for both, price can gap through it triggering the stop but not the limit because you weren't able to get that price. That's how stop-limit orders work. If the stop is triggered but the market gapped past your limit order, you won't be filled. That's the risk you take by using these orders, especially if you are using them at the same price.
  • #3,772
  • Jul 18, 2009 4:20pm Jul 18, 2009 4:20pm
Quoting personkid
yes it can gap to any price(and it also happens when the stop limit is at different prices) the limit doesn'e necessarily get triggered
Jeez dude, you seem to just totally not be getting it.

If you use a stop limit order for entering...the stop is the price that triggers your trade and the limit is the most you are will to pay (if you are buying) or sell at (if you are shorting). So if the market is moving fast and you put the stop and limit at the same price, the trade is triggered once the stop price is hit, but if it moves through that price instantly, you have no chance to get executed because you put the limit there too.

The goal of the stop limit is to CONTROL your slippage. No one said to put them at the same number. For example, I always use 4-6 pips between the stop and limit. I would say that 90% of the time, I get the stop price, another 8% of the time I get filled between the stop and limit, and about 2% of the time I get no fill because it was a market moving that fast. That's a lot of control and slippage prevention.
  • #3,773
  • Jul 18, 2009 10:23pm Jul 18, 2009 10:23pm
I am a happy customer with MBT (started with EFX)...but i am planning to close the account eventually as i do not wish to hold USD$...again i hope MBT can consider having multi currencies accounts.

cheers
  • #3,774
  • Jul 19, 2009 1:28pm Jul 19, 2009 1:28pm
well indy as of "getting it" as this has been the trading order entry/exit for the last year and change, as stated bfore even if not at the same price sometimes the limit will not get triggered as also confirmed by the desk at mbt....

recently this has been occuring and yes it can be due to the speed of the market...

we've used this method for quite some time....

thank you
  • #3,775
  • Jul 20, 2009 7:35am Jul 20, 2009 7:35am
hi Justin :
Iwant to know if the mbtf and mt4 can run well in windows7?
thkz.
Have a good day!
  • #3,776
  • Jul 20, 2009 7:54am Jul 20, 2009 7:54am
Quoting ellipses
I am a happy customer with MBT (started with EFX)...but i am planning to close the account eventually as i do not wish to hold USD$...again i hope MBT can consider having multi currencies accounts.

cheers
Yes that's a major problem for european customers. Of course it would be possible to hedge the USD deposit, but that binds margin and costs daily swap (as opposed to receiving interest on EUR-deposits with other brokers).
  • #3,777
  • Jul 20, 2009 11:55am Jul 20, 2009 11:55am
I am from a European country and my biggest request (actually it is the only request) to MB Trading is to allow us to have accounts in Euros.

Except the strong euro decreasing the profits in a dollar account I am losing around 3% when my bank changes euros to dollars and back in order to transfer and receive funds to my account.
  • #3,778
  • Jul 20, 2009 2:19pm Jul 20, 2009 2:19pm
Quoting tricello
Hi Justin,

I opened a demo account 3 weeks ago and it worked fine for one week. Then, the last 2 weeks it can't connect to the order server. I have an approved live account too, but I wanted to get familiar with the platform before.

I've contacted tech support a couple of times but they don't seem to know what's happening

Thanks

Marcello
You might want to redownload the platform, otherwise email me at [email protected] and I'll take a look for you.
  • #3,779
  • Edited 2:40pm Jul 20, 2009 2:20pm | Edited 2:40pm
i've been running a demo with mbt mt4 with some scalper EAs. doing well with them. however, what i'm surprised by is the commission and swap rates. they eat up about 1/2 the profit. scalping with mbt is expensive.

does mbt have volume discount on commissions? if so what are they?
  • #3,780
  • Jul 20, 2009 5:45pm Jul 20, 2009 5:45pm
Quoting personkid
well indy as of "getting it" as this has been the trading order entry/exit for the last year and change, as stated bfore even if not at the same price sometimes the limit will not get triggered as also confirmed by the desk at mbt....

recently this has been occuring and yes it can be due to the speed of the market...

we've used this method for quite some time....

thank you
Dude...in a stop limit order type...the limit doesn't "trigger"...only the stop does.
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