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MB Trading Futures - Introduction

  • #4,001
  • Sep 28, 2009 12:40pm Sep 28, 2009 12:40pm
Quoting pavikogm
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....
I'm assuming no this can not be changed due to compliance and risk issues, but let me look into this a bit more.
  • #4,002
  • Sep 28, 2009 12:45pm Sep 28, 2009 12:45pm
Quoting egkid
1-How much the net capital now?
2-Who's liquidity provider for MB?
3-When MT4 beta finish and final edition live?

Thanks
1. Net Cap: $21,703,719 as of latest report.

2. MB Trading receives liquidity from over a dozen qualified destinations. Our customers can also interact with one another by placing anonymous bid and offers without proximity restrictions.

3. Very soon.
  • #4,003
  • Sep 28, 2009 4:52pm Sep 28, 2009 4:52pm
Thanks for the suggestions. Managed to get enough liquidity to close the position at a 20 pip loss - would have closed at my take profit of 100 pips if everything had been ok. Chalked up to experience and will definitely be careful about trading that pair again with this company. Alpari were allowing trades on this pair throughout the whole period.
  • #4,004
  • Sep 28, 2009 4:53pm Sep 28, 2009 4:53pm
hello, who moderates this discussion please?quote=jleblang;3099545]1. Net Cap: $21,703,719 as of latest report.

2. MB Trading receives liquidity from over a dozen qualified destinations. Our customers can also interact with one another by placing anonymous bid and offers without proximity restrictions.

3. Very soon.[/quote]
  • #4,005
  • Sep 28, 2009 7:41pm Sep 28, 2009 7:41pm
Quoting RobMalta
Thanks for the suggestions. Managed to get enough liquidity to close the position at a 20 pip loss - would have closed at my take profit of 100 pips if everything had been ok. Chalked up to experience and will definitely be careful about trading that pair again with this company. Alpari were allowing trades on this pair throughout the whole period.
Possibly. Alpari is an entirely different kind of entity. Darkstar wrote a really good article the brokers forum. Here is a link. A good and accurate read.
I'm pretty much done with all this ...
  • #4,006
  • Sep 28, 2009 8:24pm Sep 28, 2009 8:24pm
Quoting Needpatience
hello, who moderates this discussion please?quote=jleblang;3099545]1. Net Cap: $21,703,719 as of latest report.

2. MB Trading receives liquidity from over a dozen qualified destinations. Our customers can also interact with one another by placing anonymous bid and offers without proximity restrictions.

3. Very soon.
[/quote]


Ummm, you just quoted him.
  • #4,007
  • Sep 29, 2009 7:44am Sep 29, 2009 7:44am
Quoting joe7
i'm trying demo for MB Nav,for forex trading.the problem is,i can only view the opening pips and not the closed pips.is there anyway for me to set my MB Nav to view closing pips and closed pips at the same time?i need to view the closed pips to help me in setting my targets to evaluate my strategy.
Thanks in advance for any of your help.
justin..can you help me with this problem?
thanks
  • #4,008
  • Sep 29, 2009 10:46am Sep 29, 2009 10:46am
Justin - thx for all your helpful replies. Are there any plans to allow for web-access to place/modify trades in forex? I have heard they are working on something similar for equities and am wondering if Forex is also in the works...

Would be a god-send for those of us behind a firewall at work. As far as i can tell the equities web-based solution has been in beta for over a year now - any estimates on when this will be widely available? I am dying for access!

Thanks very much.
  • #4,009
  • Sep 29, 2009 12:07pm Sep 29, 2009 12:07pm
Quoting InfinitySL
Justin - thx for all your helpful replies. Are there any plans to allow for web-access to place/modify trades in forex? I have heard they are working on something similar for equities and am wondering if Forex is also in the works...

Would be a god-send for those of us behind a firewall at work. As far as i can tell the equities web-based solution has been in beta for over a year now - any estimates on when this will be widely available? I am dying for access!

Thanks very much.
InfinitySL,

Yes, as a matter of fact, it looks like you’ll have a solution for this quite soon. The product you have heard about is not just for Equities…it is also for FX. And since we have now blended Navigator with MetaTrader accounts, although you can’t trade them through Nav yet (you can only view them), that is coming, so you will even be able to view your MetaTrader account through the web app. Coming very soon.
  • #4,010
  • Sep 29, 2009 12:25pm Sep 29, 2009 12:25pm
Quoting jleblang
InfinitySL,

Yes, as a matter of fact, it looks like you’ll have a solution for this quite soon. The product you have heard about is not just for Equities…it is also for FX. And since we have now blended Navigator with MetaTrader accounts, although you can’t trade them through Nav yet (you can only view them), that is coming, so you will even be able to view your MetaTrader account through the web app. Coming very soon.
Very Soon = This year? This would be excellent news...
  • #4,011
  • Sep 29, 2009 4:27pm Sep 29, 2009 4:27pm
In the Navigator Demo, I keep getting the following problems from time to time:

Orderbook:
Event: Suspended (or GTC Held)
Message: Suspended for reason: Session Closed

Right now all of my open orders are "suspended," I can't figure out why exactly this keeps happening. It has nothing to do with the rollover period that happens every day around 5:00pm EST.

I have an open position that is still open, but any trailing stops or limit/stop orders I enter to try to exit the position get "suspended."

Are these "suspensions" supposed to happen from time to time in the demo environment, or is it just me?

I hope this kind of thing doesn't happen in the live environment ... does it?
  • #4,012
  • Sep 29, 2009 4:49pm Sep 29, 2009 4:49pm
Quoting kibescorp
In the Navigator Demo, I keep getting the following problems from time to time:

Orderbook:
Event: Suspended (or GTC Held)
Message: Suspended for reason: Session Closed

Right now all of my open orders are "suspended," I can't figure out why exactly this keeps happening. It has nothing to do with the rollover period that happens every day around 5:00pm EST.

I have an open position that is still open, but any trailing stops or limit/stop orders I enter to try to exit the position get "suspended."

Are these "suspensions"...
they have a shout down every day at 4:55pm to 5:05 to account for rollover and other stuff.
  • #4,013
  • Sep 29, 2009 5:16pm Sep 29, 2009 5:16pm
Yes, I am aware of that, but that typically only lasts for a few minutes. I watched the rollover period today as it happened, and it only lasted for two minutes or so.

Whereas according to my orderbook, my open orders were "suspended" at about 4:00pm EST, over two hours ago, and since the last time I checked, I still haven't been able to place effective orders.

Normally when you place an order, it should say "accepted" or "live" in the specified column instead of "suspended." I'm trying to figure out if this happening time and time again is specific to my account or if this is a regular occurance.
  • #4,014
  • Sep 29, 2009 5:23pm Sep 29, 2009 5:23pm
Quoting kibescorp
Yes, I am aware of that, but that typically only lasts for a few minutes. I watched the rollover period today as it happened, and it only lasted for two minutes or so.

Whereas according to my orderbook, my open orders were "suspended" at about 4:00pm EST, over two hours ago, and since the last time I checked, I still haven't been able to place effective orders.

Normally when you place an order, it should say "accepted" or "live" in the specified column instead of "suspended." I'm trying to figure out if this happening time and time again...
Send me your demo login details to [email protected]
  • #4,015
  • Sep 29, 2009 7:40pm Sep 29, 2009 7:40pm
I just checked the orderbook again, and it says event Session Open and message GTC Session Open at about 7:00pm EST. My open order is currently live.

So the session was "closed" or "suspended" from 4:00pm EST to 7:00pm EST. The rollover period is contained within this time, not sure if that makes a difference.

I will continue to monitor it, but I really don't log in or make that many trades right now using the demo, and because the orderbooks are cleared every day at around 5:00pm EST, it's hard to keep track.
  • #4,016
  • Sep 29, 2009 8:00pm Sep 29, 2009 8:00pm
Justin

I get "off quotes" when I try to place a trade on mt4 live or demo. Any idea why ?
  • #4,017
  • Oct 1, 2009 2:28am Oct 1, 2009 2:28am
Hail Justin. I'm having the same issue here with MT4 Demo-trading. Whenever I place a order it will flash "Order is accepted" then "Off Quotes". I'm using market orders.
"Nature's law" is called "Reason". When perfectly understood by human it is
  • #4,018
  • Oct 1, 2009 9:43am Oct 1, 2009 9:43am
Dear Forex Factory Members,

 I am pleased to announce that MetaTrader 4, which is fully integrated into MB Trading’s True ECN Execution, is now available for live trading to the general public as a public Beta. As many of you are aware, we have spent countless amounts of time and energy completely removing the deal desk functionality of MT4, all while maintaining as much of the customer user experience as possible, including the automated trading components.

Integration Notes:

  1. FIFO compliant;
  2. Expert Advisors working on a trade ID basis;
  3. Immediate and anonymous posting of all Limit orders directly into the quotes for anyone else to see and execute against;
  4. No limitation on proximity of Limit and Stop orders;
  5. Direct routing of market orders through proprietary algorithms to obtain best-price execution against banks, customers, and other dark pools of liquidity;
  6. No requotes; and
  7. No restrictions against scalping.

Opening Your Live Account:

Please read the following notes before moving forward.

  1. Nav accounts and Meta accounts are now compatible, but you will still need to open a new account at this time to use MT4. You will end up with Navigator and MT4 accounts with the same account numbers.
  2. All statements are generated through our on-line FIFO statement process. MetaTrader statements have been disabled due to the new NFA FIFO requirement.
  3. Once you start the Online Application process, you’ll have the choice to select MBT Navigator or MetaTrader 4 as your platform of choice, it’s very important you select MetaTrader 4.
  4. If you plan to run EAs in this account please be sure to read about the difference between deal desk MT4 and ECN MT4 here: MT4 ECN Difference. It is advised that you test all EAs in our Demo environment first.
  5. Since we expect a high volume of new accounts during the first 30 days, we ask that you be patient while your account is being processed. Our average new account processing time is 24-48 hours, but we are anticipating the wait to increase to as much as 5 days before approval.
  6. Someone from new accounts will contact you once they start reviewing your application.
  7. Your new account can be funded with as little as $400.

If you’re ready to start trading, please visit Open Account and select Open an Individual Account.

Questions can be sent to [email protected] or MT4 Support Live Chat.

Thank you for your continued support of MB Trading – Enjoy.

  • #4,019
  • Oct 1, 2009 10:09am Oct 1, 2009 10:09am
Hi Justin,

In filling out my application for the new MT4 Beta I see that the unit size is listed as 100K. It seems to me that on the MBT beta MT4 demo platform the unit size was 10K just like on your Navigator platform. Is this a change?
  • #4,020
  • Oct 1, 2009 10:13am Oct 1, 2009 10:13am
Quoting snelsonibm
Hi Justin,

In filling out my application for the new MT4 Beta I see that the unit size is listed as 100K. It seems to me that on the MBT beta MT4 demo platform the unit size was 10K just like on your Navigator platform. Is this a change?
This is being changed. Just like the Navigator, you'll be able to trade as little as .1 lot or 1000 currency units.
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