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MB Trading Futures - Introduction

  • #4,201
  • Edited Oct 29, 2009 6:07pm Oct 28, 2009 9:20pm | Edited Oct 29, 2009 6:07pm
Quoting Brewer
Why does MBT separate Navigator and MetaTrader accounts?
Does an order from Metatrader account go to ECN too?
Brewer,
The accounts are currently kept separate because the two platforms differ greatly in their order types. Placing say a Market+TTO in the Nav does not have a corresponding order in MT4. In MT4 you'd have to open the market position bare, and then modify it to apply a SL and TP representing your TTO in the previous combination order. Keep in mind all MT4 accounts actually have a corresponding NAv account because all of our statements are produced through the Nav. At the moment we have just disabled tradnig in the Nav for those accounts. We're working towards establishing accounts that will be compatible with both platforms, however, the time frame for this is unavailable.

Thank you for your support,
Ryan Lovett
  • #4,202
  • Oct 29, 2009 12:02am Oct 29, 2009 12:02am
i am quite sure it has been already asked but can we partially close an order using MT4 at MBT ?
  • #4,203
  • Oct 29, 2009 5:42pm Oct 29, 2009 5:42pm
Quoting lyes
i am quite sure it has been already asked but can we partially close an order using MT4 at MBT ?
Lyes,
You can close any order in any order you wish. We've integrated the accounting through our MBT Navigator which produces statements in a FIFO compliant manner.

Thank you for your support,
Ryan Lovett
  • #4,204
  • Oct 29, 2009 9:38pm Oct 29, 2009 9:38pm
Ryan,

I currently have a standard acct (using the MBT Navigator) and a MT4 acct that I just opened. I use NinjaTrader for back testing and may one day want to use it for live trading. If I switch to the MT4 account only (and get rid of the other account) will I still be able to get data to display in NinjaTrader and then eventually execute trades via NinjaTrader?

Also, where do you guys stand on making historical data available for download in NinjaTrader?

Thanks in advance for any info!
  • #4,205
  • Oct 29, 2009 11:37pm Oct 29, 2009 11:37pm
Quoting MBT_Ryan
Lyes,
You can close any order in any order you wish. We've integrated the accounting through our MBT Navigator which produces statements in a FIFO compliant manner.

Thank you for your support,
Ryan Lovett
Clever , every US broker should do the same so FIFO will be transparent for traders and not a pain for programmer.
  • #4,206
  • Oct 29, 2009 11:42pm Oct 29, 2009 11:42pm
Quoting InfinitySL
Ryan,

I currently have a standard acct (using the MBT Navigator) and a MT4 acct that I just opened. I use NinjaTrader for back testing and may one day want to use it for live trading. If I switch to the MT4 account only (and get rid of the other account) will I still be able to get data to display in NinjaTrader and then eventually execute trades via NinjaTrader?

Also, where do you guys stand on making historical data available for download in NinjaTrader?

Thanks in advance for any info!
I don't know NJT very much, can't you import historical data from a CVS file ? If you can, you just need export from MT4 from the historical menu and re-import it in NJT, obviously, you won't get tick data thought since MT4 will just provide you with 1mn data at the very best...

As for the live data, i dont' know , however for the trading, if i remember well, NJT is based on c# .NET, it should not be that difficut to save your position in a file and read it from an EA let's say at every single second and open and close position based on your strategy running on NJT.
  • #4,207
  • Oct 30, 2009 12:00am Oct 30, 2009 12:00am
How abut market depth?
Thanks
  • #4,208
  • Oct 30, 2009 7:43am Oct 30, 2009 7:43am
For Market Depth, you cannot get that directly from the MT4 platform, but you can log into the Nav using your MT4 password and view market depth for whatever pair you are looking at. I think you can even have both platforms open at the same time. (I could be wrong about this last point)

As for data in NinjaTrader, I tested out my MT4 login with ninja and it appeared to work, but not with all the currencies I was looking at. There seems to be some sort of glitch where I can only stream in a certain number of currencies from MB Trading. If you have any color on how to fix this, that would be great.
  • #4,209
  • Oct 30, 2009 9:08am Oct 30, 2009 9:08am
geez so many whiners... if you really want to test sign up for a damn live, it's not like 400 USD minimum to open account is that a big deal... if your EA ends up losing it all then i'm sorry to burst the bubble but it ain't gonna work anywhere

Demo environment is used for testing, deal with it... what other brokers do or don't do is not concern of MBT. if they wanted demo to be some marketing strategy to gather clients then maybe it would make sense...it seems they're not interested and demo is for testing purposes and for you to have a feel of the platform.

if you have a problem you can always test other brokers' demos and then go live with them, oh but wait 98% of those once you go live you see the live isn't all roses right?
  • #4,210
  • Oct 30, 2009 9:42am Oct 30, 2009 9:42am
Quoting ehrek
Ryan,

I am curious to know if there are any talks into the possibility of having funds in EURO or GBP?
defintely this is the most biggest issue I have. I'm more than ok having an account of around 5k in USD, but i won't do it with let's say 100k.

A person already has to worry when trading, and adding one more variable to the mix no thanks. Since I live in €... the accounts being held in other currencies would be an improvement, are there any plans for Euro accounts or something?

thank you
  • #4,211
  • Oct 30, 2009 9:46am Oct 30, 2009 9:46am
Quoting salvador_
defintely this is the most biggest issue I have. I'm more than ok having an account of around 5k in USD, but i won't do it with let's say 100k.

A person already has to worry when trading, and adding one more variable to the mix no thanks. Since I live in €... the accounts being held in other currencies would be an improvement, are there any plans for Euro accounts or something?

thank you
This has been covered previously in this thread - they are working on it and are planning it for the future.
  • #4,212
  • Oct 30, 2009 9:48am Oct 30, 2009 9:48am
Quoting InfinitySL
This has been covered previously in this thread - they are working on it and are planning it for the future.
yes i seen it now thank you
  • #4,213
  • Oct 30, 2009 9:49am Oct 30, 2009 9:49am
Quoting InfinitySL
For Market Depth, you cannot get that directly from the MT4 platform, but you can log into the Nav using your MT4 password and view market depth for whatever pair you are looking at....
I see some guys talking about Market depth but I'm new with that,

Is that really usefull?
Does it show Broker volume or real market volume?
Thanks
  • #4,214
  • Oct 30, 2009 12:08pm Oct 30, 2009 12:08pm
I am looking for a forex broker with 5 bars at week and on MT4. Pls....
{Promotion Removed}
  • #4,215
  • Nov 1, 2009 6:49pm Nov 1, 2009 6:49pm
Anyone use Market depth!
Thanks
  • #4,216
  • Nov 1, 2009 9:36pm Nov 1, 2009 9:36pm
Ryan,

How will this affect trading with MBT? Thanks.

"A Reduction in Leverage As of November 30, 2009, the NFA will implement amendments to the Financial Requirements Sections 11 and 12. The new amendments will require Forex Dealer Members ("FDMs") to collect a security deposit of 1% (100:1) of the notional value for specified currencies and 4% (25:1) of the notional value for all other currencies."
  • #4,217
  • Nov 2, 2009 6:25am Nov 2, 2009 6:25am
Are Navigator and MetaTrader quote feeds the same?
Can I get partial fills on MetaTrader?
If I had a position which was ordered on Navigator, can I close it on MetaTrader and vice versa?
Do Navigator and MetaTrader trailing stop work the same way?
  • #4,218
  • Nov 2, 2009 10:04am Nov 2, 2009 10:04am
Hi Everyone,

I’m back from vacation. I’ll read through the boards and see if there are any open items in a bit. In the meantime, we have made some changes to the Meta Demo environment that should make it much smoother and more reliable. We flushed all trades and open orders on Friday, so your accounts should be cleaned. I suggest that those of you that have been having issues with Demo try again. If your buying power is low, the fastest solution would be to create a new demo. If you do it before 5 pm EST, it should be activated after 5 pm EST. We have a few more steps to take over the next week or so, but I think you’ll find that some of the trade disruptions that were occurring on demo are gone and it should be a few steps closer to replicating the live environment. We’ll be watching it carefully this week, so fire away.
  • #4,219
  • Nov 2, 2009 10:17am Nov 2, 2009 10:17am
Quoting jleblang
Hi Everyone,

I’m back from vacation. I’ll read through the boards and see if there are any open items in a bit. In the meantime, we have made some changes to the Meta Demo environment that should make it much smoother and more reliable. We flushed all trades and open orders on Friday, so your accounts should be cleaned. I suggest that those of you that have been having issues with Demo try again. If your buying power is low, the fastest solution would be to create a new demo. If you do it before 5 pm EST, it should be activated after 5 pm EST....

You may want to speed up the work for the web nav also since its taking for ever !, we want to trade from work
  • #4,220
  • Nov 2, 2009 1:56pm Nov 2, 2009 1:56pm
Quoting Fudomyo
Ryan,

How will this affect trading with MBT? Thanks.

"A Reduction in Leverage As of November 30, 2009, the NFA will implement amendments to the Financial Requirements Sections 11 and 12. The new amendments will require Forex Dealer Members ("FDMs") to collect a security deposit of 1% (100:1) of the notional value for specified currencies and 4% (25:1) of the notional value for all other currencies."
We are already 100:1 on the majors. No change will occur.
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