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MB Trading Futures - Introduction

  • #4,161
  • Oct 20, 2009 12:33am Oct 20, 2009 12:33am
Quoting MBT_Ryan
Hi salem_747-

As you all probably saw, Justin is out of town (Honeymoon, don’t tell him I told you) for ten days or so at an undisclosed location. I’m here to answer questions that I can while he is away. I’ll do my best.

In response to the Demo situation, let me try to explain it this way.

Ryan
Hi Ryan. I took the time to read the full message and I see you guys just don't get it why people get pissed off: I can not test an EA on your MT4 DEMO. That's what demo are for. TESTS. Not to simulate to the pip the real world but you have to acknowledge your MT4 platform is different than any and hence an EA should be thoroughly tested before. I AM FED UP! This night the 6th demo account got FUCKED UP because maintenance and I can not close the orders anymore. How much it took from the previous account? ONE DAY. I can get along with so many maintenance on DEMO for such long periods.

But I am definitely not getting along with having orders stuck after such maintenance with only one single option: to open an new demo account.


Maybe MB Trading just does not want EA running on their platform. You should say so.
  • #4,162
  • Oct 20, 2009 1:06am Oct 20, 2009 1:06am
Quoting TheFisherman
Hi Ryan. I took the time to read...
My EAs run fine. Maybe its your EAs that are the problem.
  • #4,163
  • Oct 20, 2009 1:12am Oct 20, 2009 1:12am
Quoting TheFisherman
But I am definitely not getting along with having orders stuck after such maintenance with only one single option: to open an new demo account.


Maybe MB Trading just does not want EA running on their platform. You should say so.
I don't understand all of the issues you guys are talking about in demo. I've had a demo for four months. I have seen it go down from time to time and when that happens it has messed up a couple of orders, but nothing unmanageable like what you describe. 6 demo accounts? That just seems really wild to me. Have you converted your EAs under the changes that they describe on their website?
  • #4,164
  • Oct 20, 2009 1:47am Oct 20, 2009 1:47am
Quoting wannatradefx
I don't understand all of the issues you guys are talking about in demo. I've had a demo for four months. I have seen it go down from time to time and when that happens it has messed up a couple of orders, but nothing unmanageable like what you describe. 6 demo accounts? That just seems really wild to me. Have you converted your EAs under the changes that they describe on their website?
7 now. It's not the EA that's the problem. EA is working fine. Is the fact that if I have a pending order before the update, when the demo comes back online, the order is probably lost or deleted but it still shows on my account. I can not delete it even manually because I get "Off Quotes". Other than that I can open new market or pending orders and close them fine. The pending from before the updates is the problem. they know about this issue but I see they are not taking any steps to solve this problem. I could live with a stuck pending order in the account but EA's can't usually live with that. i was online with them and they said that the only work around this problem is to open a new account on demo. so, yeah they just did another thingy and now I'm up to 7 or quits. i shall decide soon.
  • #4,165
  • Oct 20, 2009 1:48am Oct 20, 2009 1:48am
Quoting IndyTrader
My EAs run fine. Maybe its your EAs that are the problem.
On demo?? With pending orders? You gotta be shitting me.
  • #4,166
  • Oct 20, 2009 3:06am Oct 20, 2009 3:06am
Quoting MBT_Ryan
Hi salem_747-

As you all probably saw, Justin is out of town (Honeymoon, don’t tell him I told you) for ten days or so at an undisclosed location. I’m here to answer questions that I can while he is away. I’ll do my best. Ryan
Ryan,
Thanks for taking the time to giving us a view of the issues that MBT is wrestling with to get a better demo running. You will eventually solve the issue, and I think the live version with micro lots is the answer to test it out without risking a packet of money.
FrankieB
  • #4,167
  • Oct 21, 2009 1:43am Oct 21, 2009 1:43am
Quoting FrankieB
Ryan,
Thanks for taking the time to giving us a view of the issues that MBT is wrestling with to get a better demo running. You will eventually solve the issue, and I think the live version with micro lots is the answer to test it out without risking a packet of money.
FrankieB,
Thanks for your reply, and I think your theory for testing EAs is a great one! If you want a TRUE performance evaluation of an EA that's certainly the route to take.
  • #4,168
  • Oct 21, 2009 10:21am Oct 21, 2009 10:21am
Frankie, I thought about what you said before you said it. I even acted before you said it, so today I was able to test the live environment. It wasworking perfect. Orders were executed at amazing speeds comparing to the demo and not one disconnect.

Than one of my sell limit orders got the slip during a stong up thrust. I saw red. A limit order in a ECN should be set in the market from before the price reaches that level, and when the price hit, the order should have been executed at that exact price. I went immediately on the chat with MB Trading to ask again how this ECN stuff works. It seems limit/stop orders are passed through a proprietary algorithm of assignment so they are executed at the price or better. I was so pissed that the guy had to point to me that a slipped sell limit order IS executed at a better price that what I asked. What do you want more?

So: it's perfect so far. I'll keep this thread posted with more about the live environment.
  • #4,169
  • Oct 21, 2009 1:04pm Oct 21, 2009 1:04pm
Hello

I would just like to say that after demoing MB Trading's MT4 platform for a few months, I went live last week and everything is great. The company was very helpful at getting the account set-up and the platform is running great and very stable. All of the little hickups you see on the demo are not there on live accounts. Spreads are good and execution is fast almost identical to the demo environment. ECN is the way to go and people should definitely consider MB Trading if they are looking for a new account.

Thanks
Cap
  • #4,170
  • Oct 21, 2009 8:57pm Oct 21, 2009 8:57pm
Sorry to bust in on the discussion, but I have a quick question for the MBT guys.

I am a Canadian citizen from Alberta, but I don't live in Canada. I live in Taiwan and have permanent resident status here, but not official citizenship. Would I be able to open an account with MBT?

Thanks,
Jack
  • #4,171
  • Oct 21, 2009 10:22pm Oct 21, 2009 10:22pm
Quoting jdwbryan
Sorry to bust in on the discussion, but I have a quick question for the MBT guys.

I am a Canadian citizen from Alberta, but I don't live in Canada. I live in Taiwan and have permanent resident status here, but not official citizenship. Would I be able to open an account with MBT?

Thanks,
Jack
Jack,
Taiwan is an eligible country to open an account with MB Trading.

Thank you for your support,
Ryan Lovett
  • #4,172
  • Oct 22, 2009 12:32am Oct 22, 2009 12:32am
still to this day, I can't believe the Coms MB charge! Personally i think it makes scalping pointless. Justin when you guys going to lower your coms?
  • #4,173
  • Oct 22, 2009 12:46am Oct 22, 2009 12:46am
Thanks Ryan!
  • #4,174
  • Oct 22, 2009 7:31pm Oct 22, 2009 7:31pm
Ryan

How long does it take for a new account with MB to be approved?
We are the TREND. Resistance is futile...
  • #4,175
  • Oct 22, 2009 8:04pm Oct 22, 2009 8:04pm
Quoting monggo
Ryan

How long does it take for a new account with MB to be approved?
monggo, it;s not a wise thing to rush in trading. opportunities come and go. however give yourself one week at least from the moment you start applying to the moment you start trading. two weeks would be a more realistic period.
  • #4,176
  • Oct 22, 2009 9:06pm Oct 22, 2009 9:06pm
Quoting TheFisherman
On demo?? With pending orders? You gotta be shitting me.
Not to speak for Indy, I think he is talking live account. I agree with you completely, I'm not much on EA's but there are gaps in the MB data on one currency or another just about every day. My solution, ATC.

Accurate demo, lower commisions, and tighter spreads! They also have an office across the ocean evidently, so you can hedge and close partials. Don't see much input about them in FF so I dunno what is wrong with them, nobody's perfect! Maybe someone can give a reason to stay away, they do require a 5,000 minimum deposit to open an account.

Cheers
  • #4,177
  • Oct 22, 2009 9:33pm Oct 22, 2009 9:33pm
Quoting goldsurfer
Not to speak for Indy, I think he is talking live account. I agree with you completely, I'm not much on EA's but there are gaps in the MB data on one currency or another just about every day....
5000 what?? you must be bullshitting too. I'm in a grumpy mood today so i'll tell you cross heartedly: it's less. I think it's 400$ but i deposited a couple K and it's no prob
  • #4,178
  • Oct 22, 2009 9:50pm Oct 22, 2009 9:50pm
Quoting TheFisherman
5000 what?? you must be bullshitting too. I'm in a grumpy mood today so i'll tell you cross heartedly: it's less. I think it's 400$ but i deposited a couple K and it's no prob
I'm just going by what is on their home page, not a factor for me. So,what is your experience with ATC?
  • #4,179
  • Oct 22, 2009 10:10pm Oct 22, 2009 10:10pm
Quoting >Apocalypto<
still to this day, I can't believe the Coms MB charge! Personally i think it makes scalping pointless. Justin when you guys going to lower your coms?
I bet if they lowered to $3, then people would whine that they need them at $1. Maybe most people just aren't good traders?
  • #4,180
  • Oct 22, 2009 10:12pm Oct 22, 2009 10:12pm
Quoting monggo
Ryan

How long does it take for a new account with MB to be approved?
Monggo,
Typically you will get a response back within 24-48 hours of filling out your application. Then an account executive will work with you to gather outstanding items such as IDs and will provide you with the funding instructions to get started.

Thank you for your support,
Ryan Lovett
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