MB Trading Futures - Introduction | Page 212 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #4,221
  • Nov 2, 2009 1:56pm Nov 2, 2009 1:56pm
Quoting Brewer
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?
Brewer,

Yes, the quotes feeds are the same in the Live environment.
Yes, you can get partial fills as we are an ECN.
No, you can only view the MetaTrader account in Nav. At this time, you can’t trade from both.
Trailing stops are completely different. Our Nav trailing stop is a true pip-for-pip trail, while the Meta one, designed by Meta, jumps by the number of pips that you select.
  • #4,222
  • Nov 2, 2009 2:11pm Nov 2, 2009 2:11pm
Quoting jleblang
Brewer,

Yes, the quotes feeds are the same in the Live environment.
Yes, you can get partial fills as we are an ECN.
No, you can only view the MetaTrader account in Nav. At this time, you can’t trade from both.
Trailing stops are completely different. Our Nav trailing stop is a true pip-for-pip trail, while the Meta one, designed by Meta, jumps by the number of pips that you select.
Welcome back Justin
  • #4,223
  • Nov 2, 2009 4:27pm Nov 2, 2009 4:27pm
Quoting egkid
Welcome back Justin
Thank you.
  • #4,224
  • Nov 2, 2009 6:16pm Nov 2, 2009 6:16pm
Quoting jleblang
We are already 100:1 on the majors. No change will occur.
Thanks Justin.

I wasn't sure which currency pairs the 25:1 rule would be applied to.
Good to hear.
  • #4,225
  • Nov 2, 2009 6:37pm Nov 2, 2009 6:37pm
Quoting jleblang
Hi Everyone,...
Sweet!! I was just gonna ask why you just couldnt feed the demo server with your price feed. It doesnt have to be exact replication of the Live environment. Just let us trade using MB prices and spreads. - This is GREAT news. Can't wait to give the Demo another shot!

Also on another note. Why are you guys in the NFA? The true interbank market doesnt care if you buy AND sell the same currency - Why do you? Since you're selling a true interbank price feed why would you restrict its usage in any way. The NFA is more of a hindrance than a help to experienced traders. Why would you support these insane rules that tie the hands of Pro traders and forbid profitable hedging strategies? - Just askin'
  • #4,226
  • Nov 2, 2009 6:37pm Nov 2, 2009 6:37pm
Quoting egkid
Anyone use Market depth!
Thanks

It's more or less useless, you would be better of looking at the commitment of trades released every Friday (3days late).

http://www.cotpricecharts.com/commitmentscurrent/
  • #4,227
  • Nov 2, 2009 6:39pm Nov 2, 2009 6:39pm
Is it possible to use Ninja Trader to trade through MT?
On the Ninja Website, it says we can use Ninja free if we trade through MT. Can someone please explain. I am looking for pip charts instead of the "time charts".

Thanks
  • #4,228
  • Nov 2, 2009 6:41pm Nov 2, 2009 6:41pm
Hi MBTrading guys, nice thread with relevant information in here. Knowing the broker is vital for survival in FX.

Quick question,

can you guys or will you guys ever stop having the daily rollover time 00:00? and 17:00 maintenance stop?

It's really annoying and it's the only reason why I haven't transferred completely to you guys from Oanda.
  • #4,229
  • Nov 3, 2009 8:12am Nov 3, 2009 8:12am
Quoting Larseg
Hi MBTrading guys, nice thread with relevant information in here. Knowing the broker is vital for survival in FX.

Quick question,

can you guys or will you guys ever stop having the daily rollover time 00:00? and 17:00 maintenance stop?

It's really annoying and it's the only reason why I haven't transferred completely to you guys from Oanda.
Larseg-

We used to have two maintenance periods, one at 00:00 and one at 17:00 EST. About four months ago, we ended the 00:00 maintenance and moved it to match the 17:00 settlement one, so there is no longer a 00:00 shutdown period, which was in the middle of core European trading.

However, the 17:00 period is a settlement timeframe for banks in the Interbank system. They all shut down. Only a deal desk platform would continue operating during that small window, which is almost always 6-8 minutes for us while we also do the backups that used to occur at 00:00. So if that one ever goes away, either the entire Interbank system changed, or we became a deal desk. In other words, don’t plan on it, but it isn’t during prime trading hours.
  • #4,230
  • Nov 3, 2009 8:21am Nov 3, 2009 8:21am
The introduction of the anti-hedging rule and lowered margin (max 100:1, down from 400:1) for US brokers seem to point to the continued protection of the Stock market and exchanges. Has anyone noticed volume has been low in the last 7 months, amidst one of the steepest % gains in history?

It seems more and more people are moving to Forex, and the authorities probably realize this, hence the additional curbs on US brokers. Unfortunately these curbs can be circumvented by moving to offshore brokers.


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."
  • #4,231
  • Nov 3, 2009 8:49am Nov 3, 2009 8:49am
Quoting TraderT
The introduction of the anti-hedging rule and lowered margin (max 100:1, down from 400:1) for US brokers seem to point to the continued protection of the Stock market and exchanges. Has anyone noticed volume has been low in the last 7 months, amidst one of the steepest % gains in history?

It seems more and more people are moving to Forex, and the authorities probably realize this, hence the additional curbs on US brokers. Unfortunately these curbs can be circumvented by moving to offshore brokers.
NASDAQ Volume has averaged 2.3 billion shares a day this year, right around the same as last year, and up since the prior year. These new rules are meant to do one thing...protect people from themselves. The majority of people that trade higher leverage lose all of their money, and the people that think that hedging makes sense are bound to fail eventually.
  • #4,232
  • Nov 3, 2009 8:58am Nov 3, 2009 8:58am
Quoting rcbarlow
Is it possible to use Ninja Trader to trade through MT?
On the Ninja Website, it says we can use Ninja free if we trade through MT. Can someone please explain. I am looking for pip charts instead of the "time charts".

Thanks
Justin - I'm not sure this is the proper forum to ask this, but i had a question similar to the one quoted above and never got an answer on it... Does it matter if your funds are in an MT4 platform account or a standard account to work with ninjatrader? I only ask because I want to close my standard account entirely, but I don't want to lose the ability to use NinjaTrader.

Thanks!
  • #4,233
  • Nov 3, 2009 11:49am Nov 3, 2009 11:49am
Quoting InfinitySL
Justin - I'm not sure this is the proper forum to ask this, but i had a question similar to the one quoted above and never got an answer on it... Does it matter if your funds are in an MT4 platform account or a standard account to work with ninjatrader? I only ask because I want to close my standard account entirely, but I don't want to lose the ability to use NinjaTrader.

Thanks!
I have not tested it myself, but I don't believe you'll have any problems accessing NT with your MT4 account.

Has anyone attempted this yet?
  • #4,234
  • Nov 3, 2009 1:09pm Nov 3, 2009 1:09pm
Quoting wannatradefx
NASDAQ Volume has averaged 2.3 billion shares a day this year, right around the same as last year, and up since the prior year. These new rules are meant to do one thing...protect people from themselves. The majority of people that trade higher leverage lose all of their money, and the people that think that hedging makes sense are bound to fail eventually.
Not True!! - I know plenty of successful grid traders. Properly managed and capitalized on the proper currencies hedging can be a ATM. I also have EA's that use hedging to minimize drawdown. - Who says traders need to be protected from themselves!! Whats is this BIG BROTHER the Forex Edition!? - When I was a newbie I'll admit to using hedging incorrectly and my account balance taught me some hard lessons fast but when I learned the correct application of hedging techniques it 1000% turned my trading around. Who is the NFA to tell me how to trade when the interbank market could care less. Should a store tell me I can't buy red socks today because I bought a blue pair yesterday? These are ridiculous rules that restrict trading freedom and only benefit the brokers by herding trading techniques into directions they can control and manipulate while protecting bucketshop profits (which is why I cant understand why MB is part of this club. They dont need the NFA. Free the Feed!!). US clients got served by Corporate America AGAIN!!
  • #4,235
  • Nov 3, 2009 2:47pm Nov 3, 2009 2:47pm
My first impressions with MT4 in MBT: not appropriate for scalping. You can't scalp effectively when TP is not respected. TP is realized as TTO order, not limit order, so you get slippage with open when Marekt Order (acceptable) and slippage with TP (not acceptable, mostly against your direction). Is it possible MBT will correct this?
  • #4,236
  • Nov 3, 2009 6:30pm Nov 3, 2009 6:30pm
Hello,

I had a concern regarding a recent trade I made using the Navigator demo platform.

I was going long when the price dropped significantly enough that the unrealized loss exceeded the excess equity (but not the total amount $) in my account. One would expect that a margin call would have taken place at this point, but this did not happen. The position showed a loss greater than the equity of the account but remained open.

Is this because MB Trading also includes the margin debit as "cushioning" against a margin call? Or was there no margin call because the demo environment simply doesn't use them?

Thanks!
  • #4,237
  • Nov 4, 2009 10:33am Nov 4, 2009 10:33am
Hi All,

So on Monday I suggested that everyone give the Demo environment on Meta another try. Feedback so far has been positive and it looks like just about everyone’s orders are flowing nicely without issues. Please remember that when you get a new demo account in Meta, you have to wait until AFTER the next 5 pm EST rollover to start trading. Anyone have any comments or thoughts on it?
  • #4,238
  • Nov 4, 2009 10:33am Nov 4, 2009 10:33am
Quoting pavikogm
My first impressions with MT4 in MBT: not appropriate for scalping. You can't scalp effectively when TP is not respected. TP is realized as TTO order, not limit order, so you get slippage with open when Marekt Order (acceptable) and slippage with TP (not acceptable, mostly against your direction). Is it possible MBT will correct this?
Pavikogm,

Keep in mind that most “scalpers” are buying and selling manually at the market, or at best buying and immediately putting in a limit. If you buy and have just a T/P in our Meta, it is treated as a specific limit order price and you can’t get filled worse. If you place both a T/P and a S/L, we cannot send both orders to the ECN as in theory both could be executed, so the Meta server holds both until the price hits and then fires a market order.
  • #4,239
  • Nov 4, 2009 12:20pm Nov 4, 2009 12:20pm
Quoting jleblang
If you buy and have just a T/P in our Meta, it is treated as a specific limit order price and you can’t get filled worse. If you place both a T/P and a S/L, we cannot send both orders to the ECN as in theory both could be executed...
Thanks for the tip of placing only TP (without SL). I hope that maybe You would consider a bit more complex handling of TP and SL together. Probably You already have layer between MT4 and your native system, so when TP (limit order) is hit, you could cancel the SL (which could be Meta server hold and fired as market order when triggered ). And opposite, when SL is triggered, then cancel TP limit order.

Thanks
  • #4,240
  • Nov 4, 2009 1:22pm Nov 4, 2009 1:22pm
During the news (Fed rate) MT4 platform frozen for more than 4 minutes. Nice Going "for scalpers" MB trading!
4 traders viewing now