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MB Trading Futures - Introduction

  • #4,441
  • Dec 13, 2009 12:17pm Dec 13, 2009 12:17pm
Quoting birkz
Hi Justin, i am interested to read more about common industry practices of FX industry. Can you please give me a good link where i can start reading and investigating this issue?
It is not an 'issue'. It is a normal part of business. Check a few broker websites, they should have this information as well.
I'm pretty much done with all this ...
  • #4,442
  • Dec 13, 2009 6:24pm Dec 13, 2009 6:24pm
Quoting aaceofspades
Lastly, their manual for Navigator is absolutely terrible! They should have an improved manual online that shows example trades and screenshots/video. If anyone has a good resource to learn the finer points of Navigator, please post here!

Overall, my experience with MB has been positive and I recommend them.
Mb trading has online live trainings dude, I took one myself and it helped me understand the navigator trading program and now its easy to use. I think if you click on university there is a link to them, they can also give you a recording of them just ask them.

My question is that the mt4 demo program is not working is this an update today?
  • #4,443
  • Dec 13, 2009 8:20pm Dec 13, 2009 8:20pm
Quoting hamlet
Mb trading has online live trainings dude, I took one myself and it helped me understand the navigator trading program and now its easy to use. I think if you click on university there is a link to them, they can also give you a recording of them just ask them.

My question is that the mt4 demo program is not working is this an update today?
I got an email in the Demo environment Friday that it was going to go down early for some updating and testing and might not be back up right away Sunday either. They said "early in the week."
  • #4,444
  • Dec 14, 2009 2:25pm Dec 14, 2009 2:25pm
jleblang,

Could you clear something up for me? In applying for an account recently, I was reading through all of the legal documents that you need to sign, and this particular excerpt from one of them had me concerned:

Quote
Margin Policy
The firm maintains the right to offset any open positions in any currency traded through its facilities for any reason it deems appropriate, particularly in light of where margin is deficient or threatening to become so, notwithstanding that present initial margin. An account will be deemed margin deficient whenever the account's equity is less than fifty percent (50%) of the initial margin requirement. The firm's obligation to execute stop loss orders at the stop loss price of better, will not apply to limit and stop...

I just wanted to make sure that the initial margin is referring to the 1% of the traded lot size that is "locked" away (used margin). For instance, is this example below correct:

If you were to have $10,000 in your trading account and traded 10 lots ($100,000), would your initial margin then be $1,000, leaving you with $9,000 as the remaining equity in the account?

Am I correct in assuming that MB Trading would begin liquidating/closing the position if the $9,000 of equity fell to less than $500 (meaning after a greater than $8,500 loss)?

Sorry if it is confusing, just trying to make sure that I know exactly how much cushion you have before MB Trading manually begins closing positions.

Thanks!
  • #4,445
  • Dec 14, 2009 2:58pm Dec 14, 2009 2:58pm
Quoting kibescorp
jleblang,

Could you clear something up for me?...
Kibescorp,

Your math looks correct to me.
  • #4,446
  • Dec 14, 2009 6:33pm Dec 14, 2009 6:33pm
Great, thanks for the confirmation. I just wanted to make sure that, based on that example, the position would be closed if the account's equity fell to $500 or lower, and not when the equity fell to $4500 or $5000.
  • #4,447
  • Dec 15, 2009 12:48pm Dec 15, 2009 12:48pm
Dear Justin,

There seems to be a problem regarding swap points in MT4. For example, right now on EUR/JPY Navigator shows buy_prem=-0.9%, and sell_prem=-1.8%. MT4 however, returns +0.4 and -2.62 (via MarketInfo). I understand one is expressed in yearly percents and the other may be in price points, but here even the sign is different...

Which one is correct? Is there a webpage somewhere with known good values, that can be used for verification?

Thanks in advance!
  • #4,448
  • Dec 15, 2009 10:03pm Dec 15, 2009 10:03pm
The new anouncement maybe would be new ecn providers = tighter spreads ...
  • #4,449
  • Dec 16, 2009 3:21am Dec 16, 2009 3:21am
Quoting tar
The new anouncement maybe would be new ecn providers = tighter spreads ...
Or may be announcing the beta testing of MetaTrader 5.
  • #4,450
  • Dec 16, 2009 3:50pm Dec 16, 2009 3:50pm
Or account in euros.
  • #4,451
  • Dec 17, 2009 12:48am Dec 17, 2009 12:48am
Are the MBTrading demo servers down? I can't seem to connect
  • #4,452
  • Dec 17, 2009 2:45am Dec 17, 2009 2:45am
Quoting Y2a
Are the MBTrading demo servers down? I can't seem to connect
  • #4,453
  • Dec 17, 2009 12:06pm Dec 17, 2009 12:06pm
Quoting BiggerPips


Now it works though
  • #4,454
  • Dec 17, 2009 3:11pm Dec 17, 2009 3:11pm
Can someone who is familiar with using the live Navigator platform explain something for me?

If you were to enter a position using a TTO order, but then you exited out of the position MANUALLY, what happens to the TTO order in the open orders window?

Does it automatically disappear because you manually closed the position it was attached to, or do you have to cancel it yourself?

Because lately on the demo platform, the TTO order has remained there in the order window even after I cancelled the actual position ... and it activates when the price hits the upper or lower value I initially set.

Also, it is generally acceptable in Navigator to change the upper and lower values of a TTO order repeatedly, as the price changes, after you've entered the position? In other words, move the stop loss and take profit along with the price movement? I do this all the time in the demo environment, but I'm not sure I'm "supposed to."

Thanks!
  • #4,455
  • Dec 17, 2009 3:29pm Dec 17, 2009 3:29pm
Quoting kibescorp
If you were to enter a position using a TTO order, but then you exited out of the position MANUALLY, what happens to the TTO order in the open orders window?

Does it automatically disappear because you manually closed the position it was attached to, or do you have to cancel it yourself?

Because lately on the demo platform, the TTO order has remained there in the order window even after I cancelled the actual position ... and it activates when the price hits the upper or lower value I initially set.

Also, it is generally acceptable in Navigator...
Kibe,

Your TTO is a stand alone order. If you choose to exit your position manually, you must cancel the TTO. This would be true for any + order combination. You can cancel the order by right-clicking on that specific order, or cancel all pending orders from the order entry window.

With regards to moving your TTO price points - kind of defeats the purpose of a stop and target price, but you certainly may.
Attached Image (click to enlarge)
Click to Enlarge Name: Order Cancel.jpg Size: 183 KB
  • #4,456
  • Dec 17, 2009 4:52pm Dec 17, 2009 4:52pm
Quoting jleblang
Your TTO is a stand alone order. If you choose to exit your position manually, you must cancel the TTO. This would be true for any + order combination. You can cancel the order by right-clicking on that specific order, or cancel all pending orders from the order entry window.

With regards to moving your TTO price points - kind of defeats the purpose of a stop and target price, but you certainly may.
Okay, thank you, that makes sense. On the demo platform, I always cancel the TTO order separately after I exit out of the position, but lately, the system has been putting me into positions that I did not initiate, I'm guessing because glitches or something are preventing the TTO orders from being truly deleted from the system, even after I cancel them (so they're initiated later on). This started happening a week or so ago and often happens after the rollover period. But as long as it is specific only to the demo environment, it's not really an issue.

As for the TTO upper and lower values, I use them almost entirely as "safety nets," just in case for whatever reason I cannot get in to manually control my position(s). Under normal conditions, I would almost always exit out of a position manually, based on fundamental and technical indicator updates (as well as other assorted data), which I need to monitor on a regular (for me, hourly) basis. Those "stop loss" and "take profit" values are just there so that I don't panic in case I lose connection or power or the system is down. That is why I move those values as the price changes. The difference between the upper and lower TTOs and the current price for me is always equal to my own calculated retracement values.

In other words, if I could hypothetically be guaranteed an environment with absolutely no power outages, connection losses, system failures, etc., then I would never even use TTOs. All of my orders, for the most part, would be pure limit entries.
  • #4,457
  • Dec 17, 2009 6:49pm Dec 17, 2009 6:49pm
Silly question....but i have been back on MB after a long time and am wondering how i put in a limit for profit and a stop order on a trade ....TTO is a market order each side and i want guaranteed price with possible price improvement on my targets.
  • #4,458
  • Dec 17, 2009 7:30pm Dec 17, 2009 7:30pm
Quoting Rise
Silly question....but i have been back on MB after a long time and am wondering how i put in a limit for profit and a stop order on a trade ....TTO is a market order each side and i want guaranteed price with possible price improvement on my targets.
I personally could be wrong about this, but I believe the only way to do that would be to place regular limit and stop orders to exit out of your existing trade when the price hit the specified values. Of course, you would run the risk of the remaining one getting activated afterwards if you did not cancel it in time.
  • #4,459
  • Edited 8:08pm Dec 17, 2009 7:57pm | Edited 8:08pm
Quoting Rise
Silly question....but i have been back on MB after a long time and am wondering how i put in a limit for profit and a stop order on a trade ....TTO is a market order each side and i want guaranteed price with possible price improvement on my targets.
It's not a silly question but if you understand the nature of stop and limit orders within the price discovery mechanism you will realise what you are asking is not possible with an ECN broker. MBT's TTO order is a bracket with a stop loss to get you out at a loss and a limit order as a profit target. When one is hit, the other is cancelled.

Stop orders are simply market orders that get triggered once a price threshold is reached - you are at the mercy of slippage. You could chance it and place a 'stop+limit order' but if the market jumps over your 'window' and runs away, you're stuck in the trade, and the drawdown, until price returns. Stop+limit orders are useful for entries, but as a stop loss, I wouldn't recommend it.

Limit orders sit in the market at a specified price until a market order takes the other side. Once all the limit orders are exhausted at that price, price moves up to the next price. You will not get price improvement, or at least not much, on a limit order, as price will not move through your order level until it has been consumed.

I wish it were the other way round, but that's just the way the market works. Even if the TTO were both market orders; when you're trying to get out of a bad trade, you're running with the tide - the reason price is moving is because there are not enough people on the other side of the market to fill other people's orders, and you've just joined the back of the queue. When you're looking to book profits you're one of the few who are willing to satisfy the abundance of orders forcing price to move through your TP, so your order will be readily snapped up.
  • #4,460
  • Dec 18, 2009 12:18pm Dec 18, 2009 12:18pm
Hi Justin,

Any new updates regarding Web Navigator & Mobile Nav?
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