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MB Trading Futures - Introduction

  • #3,941
  • Sep 7, 2009 3:21pm Sep 7, 2009 3:21pm
Quoting Aloen
Margin requirement always the same (for same leverage), for any account size ($1000, $10.000, $100.000 or $1M account.) So if leverage 1:100 then margin requirement always $100 for mini lot, and $1000 for standard lot.
Yes, that makes a lot of sense, thank you!


However, I was just reading through the MBT Navigator User Manual (online), and under Order Entry - Order Types, I came across something alarming.

It says that "Trailing stops move your stop price with the price of the stock and are server-sided, protecting you in the event you lose internet connection."

Does this imply that most other order types are NOT server-sided and are client-sided?

Even broadband internet will go "down" on occassion, and if the power goes out, then everything goes down, including the modem and computer. So what happens if you've got open positions and the internet goes down or the power goes out? Do you automatically lose out?

How that is worded up there is very confusing to me, because what if you're holding trades for several days or even weeks? Does your internet connection have to stay on the entire time with no interruptions (which even with high-speed internet is not a certainty), and Navigator running the entire time?
  • #3,942
  • Sep 7, 2009 6:53pm Sep 7, 2009 6:53pm
No, they're all server side. I believe the reason that this characteristic is emphasised for trailing stops is because this is not the case on MT4 and perhaps other trading platforms too.
  • #3,943
  • Sep 7, 2009 7:50pm Sep 7, 2009 7:50pm
Quoting birdt
No, they're all server side. I believe the reason that this characteristic is emphasised for trailing stops is because this is not the case on MT4 and perhaps other trading platforms too.
Thank you, that is quite a relief to hear.

So hypothetically, if you were to open an actual trade on Navigator (live), then shut down your computer and turn it back on the next day, the open position will not have exited or closed automatically?

This kind of situation doesn't make any sense to me to begin with; the reason I was concerned is because I had read reports from other people on the web who claimed that their open positions had been closed after they lost their connection.
  • #3,944
  • Sep 8, 2009 6:29am Sep 8, 2009 6:29am
Quoting kibescorp
Thank you, that is quite a relief to hear.

So hypothetically, if you were to open an actual trade on Navigator (live), then shut down your computer and turn it back on the next day, the open position will not have exited or closed automatically?

This kind of situation doesn't make any sense to me to begin with; the reason I was concerned is because I had read reports from other people on the web who claimed that their open positions had been closed after they lost their connection.
Unless it hit your (GTC) SL or TP then the trade will remain open, regardless of whether your computer is on or not. You might get knocked out of a trade if the spreads widen, and so it would appear on a fixed spread chart that the price wasn't touched, and on occasion the prices you see on MBT will vary slightly from what you see from other brokers, but in general I haven't experienced many of these problems with MBT. I often set orders and leave them overnight and am confident in doing so that they will be executed. If they don't or they get stopped out, it is probably my fault. I imagine those 'reports' are from traders who either refuse to take responsibility for their own decisions, or have not raised their disputes with MBT. I have had some issues with excessive slippage in fast markets on stop orders with MBT in the past, but again, this is just part of the game when you're dealing with an ECN - shit happens and you have to learn to live with it. In the 2+ years I have traded with MBT I have only had to call the dealer once, and that was because an order was 'suspended' for some reason or other. One quick phone call and it was sorted out.
  • #3,945
  • Sep 9, 2009 2:08pm Sep 9, 2009 2:08pm
Thank you for the info.

Although personally, I don't like using stop losses (TTOs), because you don't know exactly how the market is moving when it happens to hit that price.

Trailing stops might be the best way to go, especially if MB Trading's are server-sided. However, I would prefer to be able to set the trailing stop later on, after the price rises by a profitable amount, or to set a trailing stop that doesn't "activate" until an upper TTO is hit.

That way, you wouldn't set yourself up for a potential loss right after opening a position. Don't know if you can configure such a complex entry order with Navigator.
  • #3,946
  • Sep 9, 2009 5:26pm Sep 9, 2009 5:26pm
Have you guys started working on MT5 by the time MT4 comes out MT5 will be mainstream! I've been entering my orders on Navigator and using the MT4 charts the navigator charts are no good!
  • #3,947
  • Sep 10, 2009 2:37pm Sep 10, 2009 2:37pm
Justin, what happened to spreads recently? For EurUsd spreads were around 0.8 pips most of the time before (on average), now its mostly around 1.2pips (I trade on London open). Other brokers have spreads as usual
  • #3,948
  • Sep 14, 2009 5:51am Sep 14, 2009 5:51am
Hello Jstine, I feel that lately MBT is showing out all the problem .I begin to feel unsecure . I don't know what is the problem .is it we can't trade on sunday ?

When I have a trade and I want to close a trade from window position. This window position become open trade, I can't see my P/L , com....etc It not a wondow position . when I chat with support ,they said I have to call Trade desk .

It so unconvenience for me . Is it i can't close a trade when there is ,all this Buy ,sell and clx in this window position . How to close this trade .

It make me feel that there is something fishy going around. when i want to do something.

Lately the support also have problem .
  • #3,949
  • Sep 15, 2009 12:02pm Sep 15, 2009 12:02pm
Quoting DrainBamage
Justin, what happened to spreads recently? For EurUsd spreads were around 0.8 pips most of the time before (on average), now its mostly around 1.2pips (I trade on London open). Other brokers have spreads as usual
Hey DrainBamage,

I've been watching the spreads the past 24 hours on the EUR/USD and I haven't noticed the widen spreads. Additionally, there haven't been any changes to our liquidity providers that would directly affect the spreads. I'll keep watching, but since MB Trading doesn't have any influence on the spreads our clients receive, all pricing would be directly related to current market conditions.
  • #3,950
  • Sep 15, 2009 12:08pm Sep 15, 2009 12:08pm
Quoting reen
Hello Jstine, I feel that lately MBT is showing...
reen,

Sunday we open at 2 PM EST for FX Trading.

In the positions window you can right click to add columns such as P/L, Commissions, etc.

You have multiple options to close a trade -

 

  1. You may close a trade by placing an opposite market order. So if you are long 10 lots, you can place a market order to sell 10 lots.
  2. You may also close a trade by right clicking on the position and selecting close part, or all of the trade. YOU MUST CANCEL EXISTING PENDING STOPS/LIMITS FIRST IF YOU WANT TO RIGHT CLICK AND CLOSE.

Not sure what you mean by fishy, it sounds like you just need a bit more education on the platform and everything will be smooth for you.

  • #3,951
  • Sep 15, 2009 12:53pm Sep 15, 2009 12:53pm
Hello Justin,

I did open a new real account with you and evaluating you platform.

Looking to your diferents charts today, I did see that on GBP/USD 5 min.
the High of the day was on Java charts 1.6652 on MT4 Demo charts 1.6656 and on MBT Navigator Beta charts was 1.6660. On the wachtlist the high was 1.6660. Why all charts has this diference ? If I use a breakout strategy based on high and lows of some candles what chart do I have to use to set my price, the same for stop loss?

Thank you !!

PartyPips
  • #3,952
  • Sep 16, 2009 1:01am Sep 16, 2009 1:01am
Quoting jleblang
reen,

Sunday we open at 2 PM EST for FX Trading.
This a recent change? Or did you mean 2 PM PST (5 PM EST)?
  • #3,953
  • Sep 16, 2009 1:16am Sep 16, 2009 1:16am
Quoting Trader KGB
This a recent change? Or did you mean 2 PM PST (5 PM EST)?
Thank you for pointing that out, I did in fact mean 5 PM EST.
  • #3,954
  • Sep 16, 2009 2:02am Sep 16, 2009 2:02am
Is MBT going to fix the spikes of late in your demo environment ?

Noticed that the live account does not show these spikes. However, there has not been a window to open live mt4 accounts.
So there is no point at all in trying the demo .....in a nutshell mbt has no charting ie: anything thats of any use.

By not letting live accts to be opened then why even use mbt as a broker.
Even with nav one has to rely on another charting platform.

have been a supporter of mbt but am fast losing confidence in them.
  • #3,955
  • Sep 16, 2009 1:00pm Sep 16, 2009 1:00pm
Quoting jonjon
Is MBT going to fix the spikes of late in your demo environment ?

Noticed that the live account does not show these spikes. However, there has not been a window to open live mt4 accounts.
So there is no point at all in trying the demo .....in a nutshell mbt has no charting ie: anything thats of any use.

By not letting live accts to be opened then why even use mbt as a broker.
Even with nav one has to rely on another charting platform.

have been a supporter of mbt but am fast losing confidence in them.
Jonjon,

I assume you are referring to MetaTrader? We opened a handful of live accounts for Beta again less than two weeks ago, and I expect that we will open more soon. Obviously, we’re not going to open the MetaTrader accounts to the general public until we have finished testing the FIFO update for a few weeks.
  • #3,956
  • Sep 16, 2009 1:21pm Sep 16, 2009 1:21pm
He is talking about the messed up fx charts. Just look at the 60 min eur/usd chart for example.
  • #3,957
  • Sep 16, 2009 3:53pm Sep 16, 2009 3:53pm
Hello,

I've got a question. Assume I've placed these orders:
1. 1 Lot Buy Stop @ 91.00 USDJPY
2. 1 Lot Buy Stop @ 92.00 USDJPY
3. 1 Lot Sell Stop @ 89.00 USDJPY
4. 1 Lot Sell Stop @ 88.00 USDJPY

Why MBT is calculation $4000 for used margin (instead of $2000)? There won't be opened more than 2 Lots in one direction at any time! The open position size can vary from -2 Lots to +2 Lots.

The same is with opened Position and placed TP and SL.
Assume this example:
1. Opened position Long 1 Lot @ 91.00 USDJPY
2. TP - Limit Order Sell 1 Lot @ 92.00 USDJPY
3. SL - Stop Order Sell 1 Lot @ 90.00 USDJPY
Why margin used is $2000 (instead of $1000)? There won't be opened more than 1 Lot at any time!

Can this be corrected by MBT ?

Thank you
  • #3,958
  • Sep 17, 2009 10:04pm Sep 17, 2009 10:04pm
Quoting PartyPips
Hello Justin,

I did open a new real account with you and evaluating you platform.

Looking to your diferents charts today, I did see that on GBP/USD 5 min.
the High of the day was on Java charts 1.6652 on MT4 Demo charts 1.6656 and on MBT Navigator Beta charts was 1.6660. On the wachtlist the high was 1.6660. Why all charts has this diference ? If I use a breakout strategy based on high and lows of some candles what chart do I have to use to set my price, the same for stop loss?

Thank you !!

PartyPips

Hi Justim,

Please, still waiting
  • #3,959
  • Sep 18, 2009 3:59am Sep 18, 2009 3:59am
C'mon justin....two weeks ago the opening was sent to existing mt4 live accts in the hope of them testing EAs. While the rest of us were left in the cold.
Dodging the question i posted abt the spikes in the demo environment ? -))

Since mbt is so not interested in maintaing their demo environment then why have it in the first place ? Yes i know.... doing testing etc dumping it in the demo blah blah blah. i too understand that it takes time to intergrate the mt4 but could mbt do it with a little more finese ?

This delay may leave the carrot decaying very quickily LOL
  • #3,960
  • Sep 18, 2009 3:37pm Sep 18, 2009 3:37pm
Did MB Trading reset the demo accounts again yesterday after 5:00pm EST? Even though they were already reset on the 15th, just a couple of days ago?

Because I had an open position going SHORT on EUR/USD before that time yesterday, but apparently it was cancelled and my account balance reset once again.

The thing is, however, I had a TTO order on that position, which was FULFILLED when it hit the price this morning, except because there was no longer a short position open, it instead became a LONG position, instead of cancelling out the existing position.

According to the order/log book, it says that at around 5:00pm EST yesterday, the demo accounts were "suspended" (in the event column) due to "session closed" and "destination not available."

I would have been okay with the accounts getting reset again, but why the heck did my TTO order remain active and get fulfilled afterwards? That TTO order was supposed to cancel out my existing SHORT position when it hit the designated price, but because everything was reset and there was no longer an open SHORT position, instead it entered into a LONG position when it hit the price.

If everything gets wiped, then open orders should be wiped clean as well.

Jesus.
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