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MB Trading Futures - Introduction

  • #4,481
  • Dec 23, 2009 1:57pm Dec 23, 2009 1:57pm
Quoting jleblang
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.
Justin

what you said makes total sense. I would prefer that you call customers. Its annoying, but makes it safer. Thank you . Happy Holidays.
  • #4,482
  • Dec 23, 2009 2:00pm Dec 23, 2009 2:00pm
Quoting tar
If i use the Nav and i bid or offer inside the spread can MT traders c my orders and trade them ?
from the demo it seems yes ...
  • #4,483
  • Dec 23, 2009 2:26pm Dec 23, 2009 2:26pm
Captain my life is ok thanks.
I posted becouse it was a problem to me.
Only moderators of FF can stop me. NOT YOU.
Unless you are a moderator. By the way read well the post, I did not received any call from anybody. Becouse I did not opened any account.
I was only concerned about safety of money transfer as you all.

That is it.
Regards
  • #4,484
  • Dec 24, 2009 5:48am Dec 24, 2009 5:48am
Im currently trialling MBT Navigator and MBT Metatrader 4 to trade Forex.

And I love the fact that I dont have to wait for the market to move a certain distance in order to place a buy/stop or sell/stop order as you do with MM brokers (i.e, inside the spread).

However, a couple of times I have placed the identical Stop+TTO order on both platforms and the trade has opened on one platform and not the other. Just wondering if this is because they are demo platforms or is there another explanation.

Also could someone please share with me WHY they use the MBT Navigator platform over the MBT Metatrader 4 platform or vice versa. Im liking the MBT Metatrader 4 because I can see my entry/stops on the charts but Im still undecided as to which platform I should go with. Any users comments would therefore help me in that regard.

sleepy
  • #4,485
  • Dec 24, 2009 11:44am Dec 24, 2009 11:44am
Quoting tar
If i use the Nav and i bid or offer inside the spread can MT traders c my orders and trade them ?
Yes that's the point of an ECN.
  • #4,486
  • Dec 24, 2009 11:47am Dec 24, 2009 11:47am
Quoting sleepy004
Im currently trialling MBT Navigator and MBT Metatrader 4 to trade Forex.

And I love the fact that I dont have to wait for the market to move a certain distance in order to place a buy/stop or sell/stop order as you do with MM brokers (i.e, inside the spread).

However, a couple of times I have placed the identical Stop+TTO order on both platforms and the trade has opened on one platform and not the other. Just wondering if this is because they are demo platforms or is there another explanation.

Also could someone please share with me WHY they...
While MT4 doesn't have a direct stop + TTO, I assume you mean you are entering a pending stop with a take profit and stop loss. Only reason they wouldn't both enter is if the MT4 Demo platform is down at the time that the trade hit. It has been down a lot over the last two weeks. MB says they are doing some updates for some new features to come in early 2010. Demo is where they test that stuff out.

As to the two platforms, really just a matter of preference. MT4 is deep in charts and indicators but Nav has much better depth of order types and control.
  • #4,487
  • Dec 24, 2009 12:44pm Dec 24, 2009 12:44pm
Quoting wannatradefx
While MT4 doesn't have a direct stop + TTO, I assume you mean you are entering a pending stop with a take profit and stop loss.
Yes thats correct. Entry point and stop loss were identical using the 2 order types mentioned above.
  • #4,488
  • Dec 25, 2009 9:17am Dec 25, 2009 9:17am
Hi, Justin

I have a question regarding stop loss and profit target. If I go long is my stop loss or profit target triggered at bid or at ask price?

Let me give you an example. I go long, therefore I buy eurusd @ 1.5050. I set stop loss @ 1.5040 and my profit target @ 1.5060. will my stop loss or profit target get triggered when BID reaches one of these values or when ASK reaches one of these values?

Best regards,
leeon
Everyone has a plan 'till they get punched in the mouth.
  • #4,489
  • Dec 25, 2009 6:19pm Dec 25, 2009 6:19pm
Hi Justin
1-Currently i trade forex but I'm interested with gold so,Can i also trade gold with MB on MT4?If yes How?

2-Do you offer MT4 software on mobile phone?

Thanks
  • #4,490
  • Dec 25, 2009 9:52pm Dec 25, 2009 9:52pm
Quoting egkid
Hi Justin
1-Currently i trade forex but I'm interested with gold so,Can i also trade gold with MB on MT4?If yes How?
no
  • #4,491
  • Dec 29, 2009 12:54am Dec 29, 2009 12:54am
Justin, this might be a dumb question . . .

I would like to chart using MT4 while trading using MBT Navigator. Is that possible?
  • #4,492
  • Dec 29, 2009 6:16am Dec 29, 2009 6:16am
Quoting Arya323
Justin, this might be a dumb question . . .

I would like to chart using MT4 while trading using MBT Navigator. Is that possible?
I do that exact thing. You can use the demo for free, but to avoid all the down times, I opened a live account on MT4 and trade on the Nav account. It works great.
  • #4,493
  • Dec 29, 2009 11:07am Dec 29, 2009 11:07am
Quoting steve930
I opened a live account on MT4 and trade on the Nav account. It works great.
Did you fund both accounts or just the NAV account?

Also does anyone know how to display the SWAP on the Positions window in the NAV account? I can see it in the MT4 demo account but cant find how to add it in the NAV account.

As I wish to see both Commission + Swap for each pair I trade as I often hold pairs overnight (i.e, D, H4).

sleepy
  • #4,494
  • Dec 29, 2009 3:49pm Dec 29, 2009 3:49pm
I'm not sure that Navigator will show the rollover amount for each trade, but you can see what the current Buy Premium and Sell Premium rates are, and then calculate it that way. Based on my calculations, EUR/USD is about 1.3% / 360 (give or take depending on LONG or SHORT), which comes out to about 1/2 pip (for however large the position is) per day.

Also, has anyone ever called the MB Trading order desk? I suspect you would need to from time to time if you were in an open position and suddenly lost connection or power.

Is it easy to close a trade through the phone-based order desk? Can you also open trades as well, or set TTO orders? Do they require you to call from one of your registered phone numbers, or can it be from any phone as long as you can provide certain, accurate information (such as PIN #, last 4 digits of social, etc.)?

I would be reluctant to trade over the phone, but personally there might be times when I would need to if I were in an open position with no stop loss set at that moment.
  • #4,495
  • Dec 29, 2009 8:00pm Dec 29, 2009 8:00pm
Quoting sleepy004
Did you fund both accounts or just the NAV account?

Also does anyone know how to display the SWAP on the Positions window in the NAV account? I can see it in the MT4 demo account but cant find how to add it in the NAV account.

As I wish to see both Commission + Swap for each pair I trade as I often hold pairs overnight (i.e, D, H4).

sleepy
I had the Nav account funded already. When I opened the MT4 account, I had them transfer the $400 min opening from Nav to MT4, then after a while I transferred most of it back to the Nav since I just use it for the charting. The charts are (and should be) right in sync with the prices on the Nav, so best of both worlds in my opinion.
  • #4,496
  • Dec 29, 2009 8:01pm Dec 29, 2009 8:01pm
Quoting kibescorp
I'm not sure that Navigator will show the rollover amount for each trade, but you can see what the current Buy Premium and Sell Premium rates are, and then calculate it that way. Based on my calculations, EUR/USD is about 1.3% / 360 (give or take depending on LONG or SHORT), which comes out to about 1/2 pip (for however large the position is) per day.

Also, has anyone ever called the MB Trading order desk? I suspect you would need to from time to time if you were in an open position and suddenly lost connection or power....
I had to call to close an order a couple of times when I had to leave and go to work. It was very easy no problems and took a couple of minutes. I have never opened a trade over the phone.
  • #4,497
  • Dec 29, 2009 9:57pm Dec 29, 2009 9:57pm
That's good to know. The phone call option is there as a safety net in case you can't get online.
  • #4,498
  • Dec 30, 2009 6:25pm Dec 30, 2009 6:25pm
Dear Justin,

do you have in the near future plan to open an european operation (mainly UK) like many of your competitor (fxcm, forex.com, GFT etc) to allow your customer hedging and no FIFO rules?

Why your spreads on GBP pairs are no good as spread on other pairs?

Maria
  • #4,499
  • Dec 31, 2009 1:37am Dec 31, 2009 1:37am
Quoting forexboom
Dear Justin,

do you have in the near future plan to open an european operation (mainly UK) like many of your competitor (fxcm, forex.com, GFT etc) to allow your customer hedging and no FIFO rules?

Why your spreads on GBP pairs are no good as spread on other pairs?

Maria
Why do you care about FIFO?
  • #4,500
  • Edited 10:52am Dec 31, 2009 2:28am | Edited 10:52am
Justin: This is my first time posting on this thread, with maybe some hope that things will improve, but I very much doubt it.

I have my live trading account with MB Trading, and have been noticing a lot of error messages in the journal like "Trade Context Busy", "Common Error", and more importantly "Off Quotes". This has me very concerned because you are suppose to be an so called ECN broker, so there should be NO OFF QUOTES on any trade.

I talked to Ryan in the mt4 department and sent him the log files for 3 different days, and they all had multiple error messages. Well he got back to me the next day, and gave me some BS story as to why I was getting these error messages. He was talking about an how an order can get split or partial fill, well my EA was trading 1 mini lot, so just a big bunch of BS as far as I am concerned.

It seems like MBT is not really an ECN broker after all, just a bunch of smoke and mirrors to cover up a bucket shop.

On top of all this, your demo accounts, your demo server is nothing but a big joke, and a waste of everyone's time. I have been trying to run EA's and test them on your demo's for several months, and pretty much have to stop them and give up because of all the interruptions. Ya ya I know you do all of your maintenance on your demo servers, so you have to shut them down for that.

Well I will simply tell you that you might as well shut them off permanently, and leave them off, because I see so many posts on all of the mt4 forums about how crappy your demo's are and how everyone ends up turning the EA off because of all of the problems. You guys are a bunch of idiots period, you are the only broker that does any maintenance to your demo servers during trading hours.
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