MB Trading Futures - Introduction | Page 224 | 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

  • #4,461
  • Dec 19, 2009 6:40am Dec 19, 2009 6:40am
Hi Justin,

I am planning on opening a live account and I have seen that I have to choose Metrader or Navigator while registering. Does that mean that I can open and close the same position only in Navigator or only in Metatrader?

For example: if I open a position in Navigator, can I close it in Metatrader? What about vice versa?

Another question: let's say that I choose Navigator to handle my entries and exits. Can I use the same username and password that I have to login into Navigator to login into Metatrader?

Best regards
leeon
Everyone has a plan 'till they get punched in the mouth.
  • #4,462
  • Dec 21, 2009 4:15am Dec 21, 2009 4:15am
Quoting jleblang
You can log into the Navigator with your MT4 live account, but you will not be able to place trades, only view statements, L2, etc.
is it possible to do the other way around?
I have a live account with MBT Navigator already, and I need to use MT4 LIVE, (only for viewing chart, placing trades will be on Nav).
I need the LIVE version because MT4 Demo is not very reliable.
thanks.
  • #4,463
  • Edited 5:14pm Dec 21, 2009 3:24pm | Edited 5:14pm
Are there any MT4 programmers who have successfully handled the following?

From the MT4 release notes: "However, on an ECN, partial fills for market order entries can occur, causing average prices that result in more than 5-decimal pricing. This can mess up EAs and cause positions not to be closable."

My trade drivers already handle the 5 digit and 2 step order process but this splitting of trade orders has caught me a couple of times.

I'm not looking for code, simply the rules.

Thank you
Mark

FOLLOWUP: thanks to Chris at MBT for fully answering my questions on the process... now off to work I go.
  • #4,464
  • Dec 22, 2009 12:01am Dec 22, 2009 12:01am
Quoting DukunFX
is it possible to do the other way around?
I have a live account with MBT Navigator already, and I need to use MT4 LIVE, (only for viewing chart, placing trades will be on Nav).
I need the LIVE version because MT4 Demo is not very reliable.
thanks.
If you want to access Meta live you'll have to open an additional account specific to MT4. Then you'll be able to view charts, but continue to trade in the Navigator.
  • #4,465
  • Dec 22, 2009 12:03am Dec 22, 2009 12:03am
Quoting leeon
Hi Justin,

I am planning on opening a live account and I have seen that I have to choose Metrader or Navigator while registering. Does that mean that I can open and close the same position only in Navigator or only in Metatrader?

For example: if I open a position in Navigator, can I close it in Metatrader? What about vice versa?

Another question: let's say that I choose Navigator to handle my entries and exits. Can I use the same username and password that I have to login into Navigator to login into Metatrader?

Best regards
leeon

With an MT4 account you can access the Navigator, but only for viewing statments and quotes. You will not be able to place a trade.

"..... I choose Navigator to handle my entries and exits. Can I use the same username and password that I have to login into Navigator to login into Metatrader?"

You'll need a separate MT4 account to access the live MT4.
  • #4,466
  • Dec 22, 2009 12:09am Dec 22, 2009 12:09am
Quoting smittens4212
Hi Justin,

Any new updates regarding Web Navigator & Mobile Nav?
Web Nav - looks great, very user-friendly and should be released shortly after the first of the year to the public (beta or not).

mobile Nav - no eta on that, but I've been told its moving through beta smoothly as well.
  • #4,467
  • Dec 22, 2009 1:11am Dec 22, 2009 1:11am
Quoting jleblang
With an MT4 account you can access the Navigator, but only for viewing statments and quotes. You will not be able to place a trade.

"..... I choose Navigator to handle my entries and exits. Can I use the same username and password that I have to login into Navigator to login into Metatrader?"

You'll need a separate MT4 account to access the live MT4.
so I need two accounts to use both MT4 and Navigator if I want to place trades through Navigator...How thoughtful. So if I open another MT4 account with the minimum deposit (400$), can I transfer any of that many to the other account (where I use Navigator) or does that 400$ deposit have to remain intact?

Regards,
leeon
Everyone has a plan 'till they get punched in the mouth.
  • #4,468
  • Dec 22, 2009 9:13am Dec 22, 2009 9:13am
Hi justin,
I was in the process to open an account with Mb.
Reading well in the withdrawal rule, I noticed that MB could (for sure) contact me, by phone, to have garantee of the request !
The above confirmed by the support center !

Do you think this is necessary ?
Suppose I am seek, sleeping (I live in Europe), in the university or whatever, should I be near the telephon just to say "yes" ? For how long ?

The company should have my bank account # and any other information to wire correctly and safely the amount I should request.

Or meaby they think that clients could be kidnapped or else. In this case, with a gun on my head I would say anythink suggested !

Sorry I did not like the way you (MB) handles this.
Naturally I did not open the account.

Regards
  • #4,469
  • Dec 22, 2009 9:41am Dec 22, 2009 9:41am
Quoting leeon
so I need two accounts to use both MT4 and Navigator if I want to place trades through Navigator...How thoughtful. So if I open another MT4 account with the minimum deposit (400$), can I transfer any of that many to the other account (where I use Navigator) or does that 400$ deposit have to remain intact?

Regards,
leeon
Leeon,

Each account requires a $400 minimum, but you can move funds intraday if you have funds available.

Meanwhile, let me clear up something. We believe that EVENTUALLY, you will be able trade Nav and Meta from one account. The problem at the moment is that Nav has far more order types available than MT4 would understand. So for example, if someone placed a pending limit buy order in MT4, got into the trade, and then pulled up Nav and sold at market, it would all work out fine. Anything like market, limit, and stop, both platforms recognize. Any other orders, forget it. Our trailing stops are different. TTOs, Stop Limits, etc. are not available on MT4, so we have to program how that would be handled. After all, if you would like to trade both from the same account, then MT4 needs to recognize orders placed by Nav. So let me give you some timeline items.

Back in June of this year, MT4 and Nav had completely separate backends. You opened one account or the other (we were in Beta).

Around October 1, the two were blended. If you just open a Nav account, that’s all you have because that is the backbone of our system. If you want a MT4 account, you have to go through the on-line application and specify that because the account has to be opened with the same number in MT4 and on our Nav system. They are linked. This means that you can view your trades and positions from Nav (Nav is, in fact, ALWAYS correct and overrides MT4). This also means that your statements come on-line from the Nav level, which is FIFO compliant (MT4 statements are not FIFO compliant and are shut off).

At some point down the road when we have each potential Nav order type handled a certain way on the MT4 side, then you can trade fluidly between them if you wish. No, I don’t have a date, and there are bigger things coming between here and there.

Hope that helps.
  • #4,470
  • Dec 22, 2009 9:47am Dec 22, 2009 9:47am
Quoting jleblang
Web Nav - looks great, very user-friendly and should be released shortly after the first of the year to the public (beta or not).

mobile Nav - no eta on that, but I've been told its moving through beta smoothly as well.
Awesome, thanks for the news. 2010 should be a good year
  • #4,471
  • Dec 22, 2009 9:50am Dec 22, 2009 9:50am
Quoting simpit
Hi justin,
I was in the process to open an account with Mb.
Reading well in the withdrawal rule, I noticed that MB could (for sure) contact me, by phone, to have garantee of the request !
The above confirmed by the support center !

Do you think this is necessary ?
Suppose I am seek, sleeping (I live in Europe), in the university or whatever, should I be near the telephon just to say "yes"...
You mean you don't like the fact that they might call you to confirm that your request is real? Come on dude. I've moved money in and out of my account many times and only if it is a big withdrawal do they call me to confirm, and I'm very glad that they do. They take my money seriously. Maybe you should open with a broker that would be happy to send your money to an account in a different country not in your name if someone faxed in a request.
  • #4,472
  • Dec 22, 2009 9:51am Dec 22, 2009 9:51am
Quoting jleblang
Web Nav - looks great, very user-friendly and should be released shortly after the first of the year to the public (beta or not).

mobile Nav - no eta on that, but I've been told its moving through beta smoothly as well.
Justin-

How can I get in on Nav Web (beta or not)? I wanna see it.
  • #4,473
  • Dec 22, 2009 9:59am Dec 22, 2009 9:59am
Quoting wannatradefx
You mean you don't like the fact that they might call you to confirm that your request is real? Come on dude. I've moved money in and out of my account many times and only if it is a big withdrawal do they call me to confirm, and I'm very glad that they do. They take my money seriously. Maybe you should open with a broker that would be happy to send your money to an account in a different country not in your name if someone faxed in a request.
Very concerned about safety.
Please read well my post. I said they have all infomation to send money in MY ACCOUNT to MY BANK in MY COUNTRY with my certified email if necessary. A call is not safe or necessary. Only a gimmick.
  • #4,474
  • Dec 22, 2009 3:28pm Dec 22, 2009 3:28pm
Quoting simpit
Very concerned about safety.
Please read well my post. I said they have all infomation to send money in MY ACCOUNT to MY BANK in MY COUNTRY with my certified email if necessary. A call is not safe or necessary. Only a gimmick.
Wow, that's the craziest thing I've ever heard. Good luck to you.
  • #4,475
  • Dec 22, 2009 5:53pm Dec 22, 2009 5:53pm
Quoting jleblang
With an MT4 account you can access the Navigator, but only for viewing statments and quotes. You will not be able to place a trade.

"..... I choose Navigator to handle my entries and exits. Can I use the same username and password that I have to login into Navigator to login into Metatrader?"

You'll need a separate MT4 account to access the live MT4.
Hi Justin,

How about if I have a MT4 account, can I still use ninjatrader?
  • #4,476
  • Dec 22, 2009 11:14pm Dec 22, 2009 11:14pm
Quoting wannatradefx
Wow, that's the craziest thing I've ever heard. Good luck to you.
Thanks for your good luck.
If my post was one of the craziest thing you ever heard, sorry but you are a little limited with your exeperience of life.
Really no offense to you, but craziest things are said by creazy people

If you are a bona fides fan of MB that is ok for me.... but cool off.
Craziest things are said by crazy people.
Creazy is a big word. Creazy people are often geniuses......unfurtunately I am not.

Nothing against Mb. At the contrary, the general aspect of company looks fine to me. I just did not like the required "telephone call". That is it.
I have made my decision but if they change the rule I could join them in the future without a problem.

I think is be better to wait for Justin replay or comment, as usual in a professional way.

This is my last post on the matter since could be too easy to go off-topics.

Final thanks to Forex Factory. I thought they would never post a remark about any of their sponsors.
My sincere respects to you.

Merry Christmas an happy new year to all.
  • #4,477
  • Dec 23, 2009 9:14am Dec 23, 2009 9:14am
Quoting simpit

Nothing against Mb. At the contrary, the general aspect of company looks fine to me. I just did not like the required "telephone call". That is it.
I have made my decision but if they change the rule I could join them in the future without a problem.

I think is be better to wait for Justin replay or comment, as usual in a professional way.
I have to say that this seems a little unusual. Protecting our customers from fraud by doing due diligence is part of the NFA requirements to “know your customer.” We don’t necessarily call every person that submits a withdrawal request to confirm, but we definitely do if the dollar amount is substantial. I’ve never heard of a customer that didn’t appreciate the fact that we treat safety of funds extremely seriously. It helps protect you, and therefore us, and therefore all of our customers.
  • #4,478
  • Dec 23, 2009 10:19am Dec 23, 2009 10:19am
Thank you Justin.
It is now well clear to me. Your rules are your rules.
Useless to comment further.

Regards
  • #4,479
  • Dec 23, 2009 11:19am Dec 23, 2009 11:19am
Quoting simpit
Thank you Justin.
It is now well clear to me. Your rules are your rules.
Useless to comment further.

Regards
Some people should not be allowed out of the house. You are complaining that MB phoned you to confirm a large cash transfer? Have you ever read complaints about other brokers? Stealing money, not allowing transfers out, widening spreads, stop loss hunting, price spikes, poor customer service, and the list goes on, and on, and on. So do us all a favor and shut up. Save this thread for constructive comments and actual problems that need dealing with. Nobody here wants to hear your crap. You got a confirming phone call... I really hope your life is OK. DO NOT reply again to this thread.
Cap
  • #4,480
  • Dec 23, 2009 1:46pm Dec 23, 2009 1:46pm
If i use the Nav and i bid or offer inside the spread can MT traders c my orders and trade them ?
4 traders viewing now