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MB Trading Futures - Introduction

  • #3,781
  • Jul 20, 2009 7:57pm Jul 20, 2009 7:57pm
Quoting BluePearl
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?
BluePearl,

Yes, MBT offers discounted rates based on specific volume levels. Please email me at [email protected] and I will go over them with you.

Regards,
  • #3,782
  • Jul 21, 2009 5:13pm Jul 21, 2009 5:13pm
should have read "fill'" not meant "trigger", that was an error
  • #3,783
  • Jul 21, 2009 5:52pm Jul 21, 2009 5:52pm
Just curious....is MBT more expensive now that the mainstream MT4 brokers? For eg., 4 pips on GBP, 2 on EUR/USD, etc. with no other fees attached.
Quoting BluePearl
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?
  • #3,784
  • Jul 22, 2009 3:53am Jul 22, 2009 3:53am
Anyone else's FXboard frozen? Quotes are still green lit, but they haven't changed on my FXboard for a few minutes and are not reflected by what I am seeing on other feeds. Tried closing out and logging in again but it's still hanging.
  • #3,785
  • Jul 22, 2009 3:59am Jul 22, 2009 3:59am
Yes Indeed mine is frozen as well ...

EDIT: Problem solved...

Quoting birdt
Anyone else's FXboard frozen? Quotes are still green lit, but they haven't changed on my FXboard for a few minutes and are not reflected by what I am seeing on other feeds. Tried closing out and logging in again but it's still hanging.
It's me...
  • #3,786
  • Jul 22, 2009 12:14pm Jul 22, 2009 12:14pm
Yes, no quotes for ~15 mins during euro-session today..

To be fair, it usually works quite reliably.
  • #3,787
  • Jul 27, 2009 10:05am Jul 27, 2009 10:05am
After a long time i had a look at the MB Level2 screen again today. In the european afternoon/american morning there are only 2 active providers making a market in the majors (one quoteing 3 mil and another one 5 mil, worse in gbp/usd). All other orders in the book are client mini and micro orders.

The book used to be way deeper (like 30-50 mil and more in eur/usd). What ever happened to all the other providers? Got fed up with the nickel-players?

Guessing its also not justified to argue the high commissions with the deep liquidity when it just isn't there. The current situation is just one step away from a singlebank solution.
  • #3,788
  • Jul 27, 2009 10:52am Jul 27, 2009 10:52am
Quoting shrike
After a long time i had a look at the MB Level2 screen again today. In the european afternoon/american morning there are only 2 active providers making a market in the majors (one quoteing 3 mil and another one 5 mil, worse in gbp/usd). All other orders in the book are client mini and micro orders.

The book used to be way deeper (like 30-50 mil and more in eur/usd). What ever happened to all the other providers? Got fed up with the nickel-players?

Guessing its also not justified to argue the high commissions with the deep liquidity when it...
You might ask MBT rather than getting yourself in a twist over it. It will ruin your day, all this worrying.
I'm pretty much done with all this ...
  • #3,789
  • Jul 27, 2009 11:33am Jul 27, 2009 11:33am
Quoting StoragePro
You might ask MBT rather than getting yourself in a twist over it. It will ruin your day, all this worrying.
Worried? More like mildly surprised. As for asking MB, in case you haven't noticed, this thread has been started by a MB rep for this very purpose. Thanks for your concern tho.
  • #3,790
  • Jul 27, 2009 1:04pm Jul 27, 2009 1:04pm
Quoting shrike
After a long time i had a look at the MB Level2 screen again today. In the european afternoon/american morning there are only 2 active providers making a market in the majors (one quoteing 3 mil and another one 5 mil, worse in gbp/usd). All other orders in the book are client mini and micro orders.

The book used to be way deeper (like 30-50 mil and more in eur/usd). What ever happened to all the other providers? Got fed up with the nickel-players?

Guessing its also not justified to argue the high commissions with the deep liquidity when it just...
Had the same observation and brought it up in this thread a few weeks ago. Check back a few pages to see Justin's reply..

I agree, it's not really a pleasant sign to see only 3 LPs quoting the majors during active market hours and 10M deep on each side. That is a significant change from months past. I'm not seeing a similar decrease on other ECNs (in fact just the opposite in a couple of cases), so it's not a market phenomena like it was last fall.
  • #3,791
  • Jul 27, 2009 2:14pm Jul 27, 2009 2:14pm
Looks like they're listening in, # of LPs and market depth just tripled from an hour ago.
  • #3,792
  • Jul 27, 2009 6:06pm Jul 27, 2009 6:06pm
Yes spreads on GBP pairs gone bad last weeks.

I will close my account.

There are much better ECNs out there who offer much better quotes and scalping conditions.
  • #3,793
  • Jul 27, 2009 8:58pm Jul 27, 2009 8:58pm
Great improvement ! Keep up the good work. I downloaded the new Navigator and it is working fine.

Look forward to MT4 someday.
  • #3,794
  • Jul 27, 2009 8:59pm Jul 27, 2009 8:59pm
Justin why are you guys manging the OrderComment() when my pending order goes live? Its screwing up my EA's the use comment text - Why cant you just append any testing codes to the current comment like the [tp] [sl] does? - Now it s changing perfectly readable comments to: "acen2s:oggm" - Also could I get account 40001005 EURUSD order cleared (i sent you a email about it) - I have a ZERO lotsize EURUSD stuck in my terminal that blocking action by my EA. Thnx!!
  • #3,795
  • Jul 28, 2009 7:13am Jul 28, 2009 7:13am
It may explain lower liquidity:
"the forex market has not escaped the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the beginning of May. In New York for example, forex spot trading volume fell to the lowest level in more than 3 years"

Reference: Kathy Lien, http://seekingalpha.com/article/1515...g?source=email
  • #3,796
  • Jul 28, 2009 1:05pm Jul 28, 2009 1:05pm
People on vacation.

Currencies are tough, stocks has more clues about where their stuff is going, typically no volume clues with forex.

People like William O'Neill discourages futures and leverage for beginners.
He would rather beginning investors stick with stocks. How can you argue with someone who started with $500 and now is a multi millionaire and has a prospering publication after 50 years and his own trading system? I'm aiming for more stock and less forex exposure myself.
  • #3,797
  • Jul 28, 2009 1:29pm Jul 28, 2009 1:29pm
Quoting mdetlh
People on vacation.

Currencies are tough, stocks has more clues about where their stuff is going, typically no volume clues with forex.

People like William O'Neill discourages futures and leverage for beginners.
He would rather beginning investors stick with stocks. How can you argue with someone who started with $500 and now is a multi millionaire and has a prospering publication after 50 years and his own trading system? I'm aiming for more stock and less forex exposure myself.

O'Neill might have a different opinion had he started off with the same resources you have at you disposal.
I'm pretty much done with all this ...
  • #3,798
  • Jul 28, 2009 1:35pm Jul 28, 2009 1:35pm
Quoting cizagui
It may explain lower liquidity:
"the forex market has not escaped the impact of global deleveraging and the failure of Lehman Brothers in 2008. Central banks from around the world have released their semi-annual foreign exchange surveys and based upon all of the reports, forex trading volume decreased significantly between April 2008 and April 2009. Investors large and small have reduced risk with carry trades unwound aggressively. The lack of participation may explain why the major currency pairs have been stuck in a range since the beginning...

For your reading pleasure... http://www.predictablyirrational.com/?p=647&date=1
I'm pretty much done with all this ...
  • #3,799
  • Jul 28, 2009 1:53pm Jul 28, 2009 1:53pm
Quoting StoragePro
For your reading pleasure... http://www.predictablyirrational.com/?p=647&date=1
Well, for that kind of advice I prefer the doctor, on a daily basis:
http://traderfeed.blogspot.com/
  • #3,800
  • Jul 28, 2009 2:32pm Jul 28, 2009 2:32pm
Not much response to comments about higher spreads. I was with MB Trading at one time & never did like the trading platform. Seems like it's been forever that they were supposed to be switching to MT4.
Promises, promises. I was thinking at one time of switching back to MB Trading. But, not from what I read (and don't read) here.
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