MB Trading Futures - Introduction

I appreciate the comments and understanding.

please Open another window to allow more beta testers soon.

Now its back to only 3 providers again. Strange.

Also, people constantly dicking around with micro lots in the inside market are a total nuisance. There should be an option to only display orders/quotes above a user-definable quantity threshold.

Justin,
I see at the Ninja Trader site that the new NT7 will support MBT's historical data.
That is going to make things much simpler but only if MBT historical data is at the tick resolution.
Is MBT saving historical tick data?
For how long? One month? 12 months? 12 months would be great for most backtesting needs IMHO but even longer would be better!
And I don't mean how much is stored at this time but how much does MBT plan to hold going forward? With the cost of storage plummeting I would hope you could just save it all. ;-)
Also on a non FX topic is MBT saving tick data for stocks and futures as well?
Thanks

I think it would have been a very smart move from MBT if you guys kept the working servers and allowed non-US traders use them live, adding more and more customers soon. It would have generated you a massive income stream, allowing you to fund further development, while you could be working separately on a second version of the server specific for US customers, implementing the new NFA regulations.

This way you would have been able to get the product to market faster than competitors and get a big market share. Now you are delaying getting customers from the whole world because you want to implement US specific functionality. With many US customers already thinking of leaving to non-US brokers, I believe you are worse off with this plan.

just my 2c

That's new to me... I like the idea that Nav and MT4 will be on the same page...

I'm assuming you can open postions on Nav and close on MT4 and vice-versa, mix and match functionality.

Is that right or wrong thinking?

That is the right thinking.....details to come.

MT4 HUGE LOG Files - ALERT! - Looks like MB is testing the MT4 Demo Platform. Last couple days my EA's cant place orders and my log file expanded to 5GB! (Crashed my VPS too!) - Erasing the Log File fixed everything (MT4 folder - 'logs' subdir)

Demo FIX & Nav. have been non-functional all week...

Justin...

At least can you tell us when MT4 will be ready for the reast of us... or when we will have a chance to jump in in Beta...

Thanks.

(if you already answered to this questions, i apologize)

Can MBTrading lower the comission please 1 comission for open 1 comission for closing, thats totaled around 1-2 pips
0.5pips comission would makes me happier

What is the reasoning behind the acquistion of wizetrade?

There is a very large amount of negative feedback in reference to this product.

They will probably repackage the wizetrade crap and try to sell it again.

Justin,

any comments about your new idyll painted with the scammer george Thompson ?
You have quite a lot of chance to survive the H1N1 flu, with the plague i don't know.

Doesn't look like anything new other than they bought the thing. According to the article below, MB was an integrated broker Wizetrade in March 2007.

http://hubpages.com/hub/GlobalTec-Introduces-MB-Trading-as-Integrated-Broker-for-Online-Stock-Traders-Using-Wizetrade

If it's a scam, don't use it.

If you look at the Wizetrade setup, they had several brokers that you could pick to trade with, and MB has been one of them for a long time. I'm guessing by buying the company, MB can now force customers that chose other brokers to point toward them, especially since MB is the only one that trades all of the asset classes that Wizetrade offers for products. From a business perspective, it might be a very smooth move for MB even if they don't care about the Wizetrade software itself, but I'm just speculating. As are all of you.

There is huge reputational risk associated with these fellows. Apparently MB thinks the commission-money from this borderline-scam outweighs this risk. Personally i think its a bad decision to taint their up to now good reputation.

They had some sort of IB agreement with ForexMadeEasy itself some time ago, but actually owning such a thing and actively participating in such activities - as an agency broker - takes this to a new level.

Justin, I am a customer of yours. I would like to know why the demo part of MT4 can not be partitioned. Your programmers should be able to partition the demo to the back office for testing and leave the other up to be running for your customers. It can be done. Since so many of your customers cannot get the live reliable feed and the demo is constantly going up and down at some programmers whim, it seems like a decent solution until MBT can work out their issues. It seems unreasonable and unfair that your customers are the ones paying for MBT's poorly implemented organization.

To summarize. I am a present customer of yours. I presently can not get a reliable MT4 feed. I can not get a live feed and the demo feed is not constant and reliable. I have given you a reasonable solution above.

Do you have a different reasonable solution for a valued customer of yours?

I see several comments and even a new thread about our acquisition of Wizetrade, so I’ll just address everything that I’ve seen here in one post. This accommodates some of the questions that have been asked and more.

First of all, when purchasing a company, it’s never just about one thing. I see and read some of these posts about Wizetrade and their software and people saying that we’ve gone to the dark side. I would hope that all of our years on these threads have proven that we are a little more than that. Also, as should be obvious, we bought them, not the other way around. So let me give you some options.

You could believe that:

We bought Wizetrade because we believe in software that tells you “green light buy, red light sell” (as some on these boards have suggested).

Or, you might believe that:

We bought Wizetrade to acquire the customer base of Wizetrade that traded through us but also through several other key Wizetrade customers (as has all been suggested on these boards).

Both ideas are fairly simplistic. When you acquire a business, you are acquiring the components of that business as well. Let me explain.

The Wizetrade software, in its current itineration, is very robust and includes a market scanner and a variety of tools. Their next release is further impressive, and those that assume that it is just some “red light/green light” software are mistaken. Unfortunately, in the past, they did market the product that way, and maybe that was a mistake, but that really has nothing to do with how we view their product at present. We look at what they have today, including the next software release, as having a lot of tools that can be incorporated into or with Navigator for people to use if they wish. In addition, they have a terrific asset in Wizetrade TV, which is a complete HD TV studio in Dallas that delivers four channels of HD market news during the trading day. They have a great support team for their product. There are additional components as well. I’m not at a level that I can tell you all of the pieces and how this will end up, but I will say that there is much more to Wizetrade than you’ll find if you Google them. Obviously, I can’t give away what our plans are with all of these pieces so our competition doesn’t know our plans before we implement them. However, I do believe that in a year, if you look back and see what we added for our customers by making this acquisition, you’ll see that it added value in many ways.

Offshorepip-

I’m not really clear on what you are asking. MetaTrader is currently in Beta. We aren’t holding the product, particularly the demo, out to be 100% ready for primetime. Until we cross that threshold, we aren’t suggesting that we are offering a “reliable MT4 feed” to anyone except our Live Beta testers. It is simply a product in development.