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MB Trading Futures - Introduction

  • #4,101
  • Oct 6, 2009 3:17pm Oct 6, 2009 3:17pm
Quoting jleblang
You'll get filled at best avail price - if that is 46505 or 46501....46450....but you wont have a requote.
But not same price i take it,This could be dangerious sometime
Thanks
  • #4,102
  • Edited 4:24pm Oct 6, 2009 3:22pm | Edited 4:24pm
Quoting egkid
But not same price i take it,This could be dangerious sometime
Thanks
Most likely it will be the same price, however in fast moving markets it's possible it receive partials.

Let me ask it this way - which of the following sceanrios would you rather have?

1. You place an order to buy 500,000 E/U at 1.4550 and see 450,000 filled at 1.4550 and the remaining 50,000 at 1.45505

or

2. You place an order buy 500,000 E/U at 1.4550 and get a requote, because price is no longer available at1.4550. Next avail price after requote message is 1.4552

Side Note - of course, you can control partial fills and slippage using limit orders.
  • #4,103
  • Oct 7, 2009 1:45pm Oct 7, 2009 1:45pm
Hi Justin,

Just wondering if there's been any recent updates on Web Nav? Still in development, correct?
  • #4,104
  • Oct 7, 2009 2:01pm Oct 7, 2009 2:01pm
Justin, I don't think I can make that MT4 webinar tonight. I don't see any other mt4 webinars this month. Any chance I can get a recording of the webinar ?
  • #4,105
  • Oct 7, 2009 2:14pm Oct 7, 2009 2:14pm
Quoting smittens4212
Hi Justin,

Just wondering if there's been any recent updates on Web Nav? Still in development, correct?
Smittens,

The Nav Web is still in development and we are working on adding some very cool new features to it shortly. At the moment though it is pretty basic, but you can log in with your demo at: Nav Web
  • #4,106
  • Oct 7, 2009 2:23pm Oct 7, 2009 2:23pm
Quoting emerson
Justin, I don't think I can make that MT4 webinar tonight. I don't see any other mt4 webinars this month. Any chance I can get a recording of the webinar ?
emerson,

We do record each webinar, but don't distribute them until they are reviewed and approved by compliance. I suggest you email [email protected] on Thursday requesting the recording, and someone will respond with an update for you.

If anyone else would like to attend tonight's webinar, we only have a few spaces available: MT4 with MB Trading
  • #4,107
  • Oct 7, 2009 3:46pm Oct 7, 2009 3:46pm
Justin, although I realise that a new trader could start with $400 we both know that that would be suicide as the true leverage would be horrendous.

Would it be possible to set a more realistic choice of account size for the demo at say $1K - $2K. A newish trader would then find out how much harder it is to trade at .10 with a small account. The $10K demo really doesn't give the smaller trader a true picture of how to control their money management in the real world.

It's just that allowing such a small amount ($400) to open an account is maybe a little misleading. Even that amount would need careful money management on a bucket shop 400:1 leverage.

Just a thought!
  • #4,108
  • Oct 7, 2009 9:48pm Oct 7, 2009 9:48pm
Thank you everyone who attended tonight's webinar, I hope you enjoyed it.
  • #4,109
  • Oct 7, 2009 9:55pm Oct 7, 2009 9:55pm
Quoting PeterFM
Justin, although I realise that a new trader could start with $400 we both know that that would be suicide as the true leverage would be horrendous.

Would it be possible to set a more realistic choice of account size for the demo at say $1K - $2K. A newish trader would then find out how much harder it is to trade at .10 with a small account. The $10K demo really doesn't give the smaller trader a true picture of how to control their money management in the real world.

It's just that allowing such a small amount ($400) to open an account is maybe...
$400 isn't much to start trading with, but the low barrier of entry allows a trader to move from demo to live with limited risk. They can trade .1 lot or 1000 currency units and start to get over the apprehension of placing that first live trade. As they become more comfortable they can increase their account size. At the end of the day, the demo is the demo. Everything about demo trading and live trading is different, especially the mental aspects of it.

With regards to adjusting the demo amounts, I'm not sure that is something we will do, but you can always recommend it on the vote page. www.mbtrading.com/vote
  • #4,110
  • Oct 8, 2009 7:20am Oct 8, 2009 7:20am
I got sort of punk'd on my live trading account today. Right in the mist of the news of the CABLE I entered for a long position at 1.6043, and it said server something 'no connection' Could not make the entry, and had to restart Navigator, by then it was too late.
Trade Like a Robot make money Like a Bank
  • #4,111
  • Oct 8, 2009 7:58am Oct 8, 2009 7:58am
Quoting raz
I got sort of punk'd on my live trading account today. Right in the mist of the news of the CABLE I entered for a long position at 1.6043, and it said server something 'no connection' Could not make the entry, and had to restart Navigator, by then it was too late.
I've had similar problems lately, but did not experience what you did. When I start the Navigator, it won't load my account. I have to call tech support and they fix it right away. In a few days I get the same thing. I was told they had to re-set my account and this is a live account. I still have to call every few days.
  • #4,112
  • Oct 8, 2009 9:36am Oct 8, 2009 9:36am
Quoting PeterFM
Justin, although I realise that a new trader could start with $400 we both know that that would be suicide as the true leverage would be horrendous.

Would it be possible to set a more realistic choice of account size for the demo at say $1K - $2K. A newish trader would then find out how much harder it is to trade at .10 with a small account. The $10K demo really doesn't give the smaller trader a true picture of how to control their money management in the real world.

It's just that allowing such a small amount ($400) to open an account is maybe...
I'm a little confused by this comment. Everything in FOREX is proportional. You can open an account with $400 or $10,000. Just because leverage is 100 to 1 available doesn't mean that you have to use your whole account times 100 in a trade. Changing the demo account size wouldn't make a difference, especially with micros available on MB. If you wish to place a trade that uses 1/4 of your account, that would be $2500 (times 100 leverage) in a $10,000 account or $100 (times 100 leverage) in a $400 account. Returns are always percentage based. How much your demo starts with shouldn't be relevant.
  • #4,113
  • Oct 8, 2009 9:46am Oct 8, 2009 9:46am
Quoting jleblang
We do record each webinar, but don't distribute them until they are reviewed and approved by compliance....
Hi Justin,

any chance you can provide a link to the previous webinars download? that would be especially useful for us from Europe cause the webinar times are a bit too late for us to watch live.

Thank you
  • #4,114
  • Oct 8, 2009 11:18am Oct 8, 2009 11:18am
Quoting raz
I got sort of punk'd on my live trading account today. Right in the mist of the news of the CABLE I entered for a long position at 1.6043, and it said server something 'no connection' Could not make the entry, and had to restart Navigator, by then it was too late.
raz,

In this situation it is always best to contact the trade desk by phone or live chat. Provide them with your account # and someone will assist.
  • #4,115
  • Oct 8, 2009 4:22pm Oct 8, 2009 4:22pm
Quoting jleblang
Most likely it will be the same price, however in fast moving markets it's possible it receive partials.

Let me ask it this way - which of the following sceanrios would you rather have?

1. You place an order to buy 500,000 E/U at 1.4550 and see 450,000 filled at 1.4550 and the remaining 50,000 at 1.45505

or

2. You place an order buy 500,000 E/U at 1.4550 and get a requote, because price is no longer available at1.4550. Next avail price after requote message is 1.4552

Side Note - of course, you can control partial fills and slippage using...
Thank you Justin for reply and explanation Appreciate it
PS: MT4 still in beta wounder if there is time table for that and trading on full version mt4?
  • #4,116
  • Oct 8, 2009 4:39pm Oct 8, 2009 4:39pm
What's happening with live accounts now? Since 20 minutes (from 17:11) there is no quote data, everything is stalled. Can't cancel order. What a mess !!! Unacceptable for reputable broker !!!
  • #4,117
  • Oct 8, 2009 4:53pm Oct 8, 2009 4:53pm
Quoting pavikogm
What's happening with live accounts now? Since 20 minutes (from 17:11) there is no quote data, everything is stalled. Can't cancel order. What a mess !!! Unacceptable for reputable broker !!!
Working fine here.
  • #4,118
  • Oct 8, 2009 4:53pm Oct 8, 2009 4:53pm
Quoting pavikogm
What's happening with live accounts now? Since 20 minutes (from 17:11) there is no quote data, everything is stalled. Can't cancel order. What a mess !!! Unacceptable for reputable broker !!!
Pavi -

Everything looks fine at the moment, please jump into Live Chat with support to discuss.
  • #4,119
  • Oct 8, 2009 6:40pm Oct 8, 2009 6:40pm
hey justin, one question... do MBT accounts are only USD or do you also allow EUR accounts?

thanks
  • #4,120
  • Oct 9, 2009 2:55am Oct 9, 2009 2:55am
I know this is going to sound like the broker nightmare form hell (Which I am fully aware MBTrading is NOT).I have been trading with the Nav. for 3 years with really no problems. A couple days ago my application to go live with mt4 was excepted, and man let me tell you in one day "ON DEMO" I had on several occasions got re qouted with no news during the asian session, once for over 5 mins straight. Some trades were frozen then filled 10-15 pips above/below market price after they were canceled. I lost connection with the server a dozen times. On two occasions i also noticed the eur/usd that price was completely different on three Time frames ,5m, 1H, and D1 example: today on the 5M price was 1.4742 then on the 1 hour it was 1.4943 D1 it was 1.4909 all with in a few seconds. I took a buy trade @1.4742 and was talking on the phone and watched MT open two more orders 1.4790, and 1.4789 an hour later (I attached a picture below). I mean this sounds ridiculous but I am being for real here. I know its demo but man I was planing on funding my MT4 live account with a few grand but after today i don't know. I have faith in Justin and the gang so I will demo trade for a few days more before going live and pray the demo is nothing like the real one.


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Quoting pavikogm
What's happening with live accounts now? Since 20 minutes (from 17:11) there is no quote data, everything is stalled. Can't cancel order. What a mess !!! Unacceptable for reputable broker !!!
It's me...
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