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MB Trading Futures - Introduction

  • #4,641
  • Jan 12, 2010 10:29am Jan 12, 2010 10:29am
What exactly is the Navigator Pro?

http://www.mbtrading.com/vote/story....tle=navpro-rc1

How does it compare to the standard Navigator?
  • #4,642
  • Jan 12, 2010 2:44pm Jan 12, 2010 2:44pm
Quoting shrike
What exactly is the Navigator Pro?

http://www.mbtrading.com/vote/story....tle=navpro-rc1

How does it compare to the standard Navigator?
Really nice charting package.
  • #4,643
  • Jan 12, 2010 2:48pm Jan 12, 2010 2:48pm
Quoting shrike
What exactly is the Navigator Pro?

http://www.mbtrading.com/vote/story....tle=navpro-rc1

How does it compare to the standard Navigator?
The MBT Navigator Pro represents a significant enhancement to its predecessor, the Award-Winning MBT Navigator. Navigator Pro retains all of the order types and account management systems of the original MBT Navigator, but now adds robust charting with more than 100 indicators and studies, a complex alert system for monitoring price movement based on over 100 parameters, and a sophisticated Formula Engine that can insert over 100 built in mathematical stock fields into its quote sheets, hotlist sheets, scanner sheets, or option sheets, including Last, Bid, Ask, Net%, Block Trades, Money Flow, PE, EPS and much more. Some of the key features of Navigator Pro include:

 

  1. Advanced Charting application with over 100 built-in indicators, studies, and tools
  2. A complete scripting language for all asset classes to design custom executable scripts
  3. A full back-testing system
  4. The New MBT Options Strategist for advanced options order placement
  5. A complete scanner for finding patterns in all asset classes that meet customizable criteria

To be released soon to all for live trading.

  • #4,644
  • Jan 12, 2010 6:37pm Jan 12, 2010 6:37pm
jleblang....is there a way that I can use Navigator to set a buy/sell price...I guess a limit order that will then trip a stop order to be entered?
  • #4,645
  • Jan 12, 2010 7:15pm Jan 12, 2010 7:15pm
Great news on the pro package.
I assume it will be free.
Will it be available for both forex and equities?

thx.
  • #4,646
  • Jan 13, 2010 1:30am Jan 13, 2010 1:30am
I wrote a critique regarding MB Trading's demo MT4 yesterday. I was expecting to receive a reply from Justin, explaining all the problems they have and all other excuses that I've read about here before. Surprisingly, my post has not been posted...I wonder if all critiques are handled the same way (=deleted) and only positive posts are maintained...
Everyone has a plan 'till they get punched in the mouth.
  • #4,647
  • Jan 13, 2010 2:45am Jan 13, 2010 2:45am
Quoting leeon
I wrote a critique regarding MB Trading's demo MT4 yesterday. I was expecting to receive a reply from Justin, explaining all the problems they have and all other excuses that I've read about here before. Surprisingly, my post has not been posted...I wonder if all critiques are handled the same way (=deleted) and only positive posts are maintained...
I have never heard of FF deleting posts before they get ripped, and I haven't seen your post (this is your sixth, so that was your...fifth?). But. Here's what I don't get. You basically just said that you posted a forum post expecting an excuse. Wow. Can't imagine how that went awry. In case your original post surfaces, can you give us something more than an expectation of trouble?
  • #4,648
  • Jan 13, 2010 3:50am Jan 13, 2010 3:50am
Quoting jleblang
tar,

Our spreads typically don't widen during news announcements.
I noticed sometimes few pips increase in spreads during eco figures for short time only this is totally acceptable , but i noticed the worse , sometimes i saw negative spread for short time during news ( = no trading ) , maybe this is the demo only but what i saw from old posts in the thread that it happened also in live accounts which is acceptable if it happens from time to time but y this problem is not solved yet for years as we all know MB has a scheduled maintenance every day , anyway i want to have an account for forex trading only , it is either Oanda or MB , Oanda better spreads and cheaper but no news trading , MB client to client trading and sometimes news trading is available like now for the UK Manufacturing Production , but news trading not always available as i saw from the demo and the posts in this thread ...
  • #4,649
  • Jan 13, 2010 5:14am Jan 13, 2010 5:14am
Just discovered a good feature , b4 i always c 0 lots on the market depth which means micro lots mayeb it is 0.4 lot maybe 0.9 , the market depth dont show lot fractions , but if we change the prefernce from 1 lot = 10000 to 1000 now i can c micro lots in the depth of market and i can know exactly what is traded there ...
Attached Image (click to enlarge)
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  • #4,650
  • Jan 13, 2010 8:54am Jan 13, 2010 8:54am
Quoting tar
I noticed sometimes few pips increase in spreads during eco figures for short time only this is totally acceptable , but i noticed the worse , sometimes i saw negative spread for short time during news ( = no trading ) , maybe this is the demo only but what i saw from old posts in the thread that it happened also in live accounts which is acceptable if it happens from time to time but y this problem is not solved yet for years as we all know MB has a scheduled maintenance every day , anyway i want to have an account for forex trading only , it is...
Tar-

While some of this conversation is interesting, I'm not sure anyone needs to hear every little thing that you discover about MB Trading and the platform. A lot of the things that you say, you say like they are facts when they are not. For example, "negative spreads" does not equal "no trading." It simply means that two banks that provide liquidity to the platform have different quotes where one's bid is higher than the other's ask. You can still trade. Usually, this happens so fast that there is no impact on you, but you can still try to buy from the ask that is lower than the bid.

Reading through this board lately, it feels like we are all having to read through what is essentially "tar's tutorial on MB Tradnig." I think if you have a lot of questions about their platform, you would be better off reading this thread or asking MB and Justin in private rather than posting every little thing you discover, especially since a lot of your info ends up being wrong.

Good luck in your trading.
  • #4,651
  • Jan 13, 2010 9:03am Jan 13, 2010 9:03am
Quoting IndyTrader
Tar-

While some of this conversation is interesting, I'm not sure anyone needs to hear every little thing that you discover about MB Trading and the platform. A lot of the things that you say, you say like they are facts when they are not. For example, "negative spreads" does not equal "no trading." It simply means that two banks that provide liquidity to the platform have different quotes where one's bid is higher than the other's ask. You can still trade. Usually, this happens so fast that there is no impact on you, but you can still try...
This thread is about MB and i didnt went out of the subject of the thread , i said this what happened in the demo with me , i wanted to share this so can live account holders give their experience to help me decide, also i refered to old posts in the thread with the same problem , u say alot of what i said ends up wrong could u give examples ?
  • #4,652
  • Jan 13, 2010 9:43am Jan 13, 2010 9:43am
Quoting IndyTrader
Tar-

While some of this conversation is interesting, I'm not sure anyone needs to hear every little thing that you discover about MB Trading and the platform. A lot of the things that you say, you say like they are facts when they are not. For example, "negative spreads" does not equal "no trading." It simply means that two banks that provide liquidity to the platform have different quotes where one's bid is higher than the other's ask. You can still trade. Usually, this happens so fast that there is no impact on you, but you can still try...
This what i meant by no trading while the spread is negative :
http://www.forexfactory.com/showthre...ve#post1707602
Maybe i can enter but there is no guarantee i can exit , maybe my orders will get stuck , i was referring to old posts as u can c in the link above ...

also check what Justin said here :
http://www.forexfactory.com/showthre...ve#post1821217
I can try to trade but not always i will get filled when i c inverse spreads ..

I did my research b4 u tell me Indy , goodluck in your trading 2
  • #4,653
  • Jan 13, 2010 9:44am Jan 13, 2010 9:44am
Quoting eddieforex
Hi Justin:

I have been trying in vain to use the an MBT Forex demo account with your MT4 platform. So far it has be highly unreliable. It is often off line. But the worst part is that positions occasionally get "stuck". That is, I cannot exit them, no matter what I do. Emailing with the mailbox feature gets no results. The error I get is usually "Off Quotes", even though the software says the order was accepted. I have seen other errors, but do not remember what they are. My frustration level with this reach panic this morning. Specifically...
Please read through the recent posts on this thread. The topic has already been covered many times. Everyone knows the best way to really test out MB's MT4 platform. It works great.
  • #4,654
  • Jan 13, 2010 9:52am Jan 13, 2010 9:52am
Quoting tar
This what i meant by no trading while the spread is negative :
http://www.forexfactory.com/showthre...ve#post1707602
Maybe i can enter but there is no guarantee i can exit , maybe my orders will get stuck , i was referring to old posts as u can c in the link above ...

also check what Justin said here :
http://www.forexfactory.com/showthre...ve#post1821217
I can try to trade but not always i will get filled when i c inverse spreads ..

I did my research b4 u tell...
That's a great example of what I'm talking about. Those posts were about STUCK quotes from banks two years ago. That isn't what you are seeing now. I can't remember the last time that I saw a stuck bank quote. If they are stuck, then the quote would remain crossed and you couldn't hit them (because they weren't really there). If you are seeing crossed quotes on news today, it happens only for a brief moment. In other words:

EURUSD, Bank A quote 1.5000 by 1.5002
EURUSD, Bank B quote 1.5001 by 1.5003

This creates a quote of 1.5001 by 1.5002.

Now news comes out and bank A jumps to 1.5003 by 1.5005 while Bank B is a split second slow to react.

That creates a quote of 1.5003 by 1.5002, a crossed quote, but of course, Bank B isn't going to stay for long. Most of these banks have computerized systems anyway to keep them in line.

But either way, unless the bank is experiencing a failure on their end, this doesn't prevent you from trading (and even if they are, it only does if your order gets routed to that specific bank).

So while the main concern of traders used to be that spreads would go wide on news at a desk, the reality is that when you have several banks in a system and they all maintain quotes on news, which MB requires them to do in order to be in the system, you shouldn't really see quotes go wide on the MB system and in fact it is easy to see how they could "cross" (go negative as you call it) for a few seconds in the mayhem that occurs on news.

It's not a bad thing at all, it is a good thing.
  • #4,655
  • Jan 13, 2010 10:07am Jan 13, 2010 10:07am
Can someone who understands explain something to me?

In the Preferences for Order Entry on Navigator, you can customize the MBTX Price vs. Speed. I currently have it set on the default of '0,' which is closest to 'price' and furthest away from 'speed.'

Can someone explain how moving this closer to 'speed' and further away from 'price' will impact trade execution? Because it seems to me that the two should correlate, not oppose one another.

In other words, wouldn't faster execution also give you a better price, closer to the market price at the exact time you place the order? Isn't the point of wanting faster execution primarily to get minimal slippage and to get filled at the best price?

I'm having trouble understanding why these two would sit on opposite ends. Should I set the bar mid-way between the two or keep it next to 'price?'

Thanks!
  • #4,656
  • Jan 13, 2010 10:12am Jan 13, 2010 10:12am
Quoting IndyTrader
That's a great example of what I'm talking about. Those posts were about STUCK quotes from banks two years ago. That isn't what you are seeing now. I can't remember the last time that I saw a stuck bank quote. If they are stuck, then the quote would remain crossed and you couldn't hit them (because they weren't really there). If you are seeing crossed quotes on news today, it happens only for a brief moment. In other words:

EURUSD, Bank A quote 1.5000 by 1.5002
EURUSD, Bank B quote 1.5001 by 1.5003

This creates a quote of 1.5001 by 1.5002....
Indy i know i can trade but i meant it is not a trading envoirment cuz maybe i get a very diffrent price not the one i c and maybe i cant exit like this guy in the link :
http://www.forexfactory.com/showthre...ve#post1707602

But u tried MB @ live account and u say its good and i can trade so lets hope y not ....
  • #4,657
  • Jan 13, 2010 10:36am Jan 13, 2010 10:36am
Quoting leeon
I wrote a critique regarding MB Trading's demo MT4 yesterday. I was expecting to receive a reply from Justin, explaining all the problems they have and all other excuses that I've read about here before. Surprisingly, my post has not been posted...I wonder if all critiques are handled the same way (=deleted) and only positive posts are maintained...
Leeon,

Are you referring to your post #4636 on this thread? Doesn’t look to me like it was deleted or removed at all. Your posts go up immediately, so there is no such thing as something that “doesn’t get posted.”
  • #4,658
  • Jan 13, 2010 10:44am Jan 13, 2010 10:44am
Quoting kibescorp
Can someone who understands explain something to me?

In the Preferences for Order Entry on Navigator, you can customize the MBTX Price vs. Speed. I currently have it set on the default of '0,' which is closest to 'price' and furthest away from 'speed.'

Can someone explain how moving this closer to 'speed' and further away from 'price' will impact trade execution? Because it seems to me that the two should correlate, not oppose one another.

In other words, wouldn't faster execution also give you a better price, closer to...
kibe,

Price versus speed really has no impact on FX. It’s for our Stock traders. However, I recommend you keep it on Price, because there is the possibility with Speed that you'll receive a fill from a limit order that isn't necessarily the closest to the true market.
  • #4,659
  • Jan 13, 2010 11:02am Jan 13, 2010 11:02am
Quoting jleblang
kibe,

Price versus speed really has no impact on FX. It’s for our Stock traders. However, I recommend you keep it on Price, because there is the possibility with Speed that you'll receive a fill from a limit order that isn't necessarily the closest to the true market.
Okay, that clears everything up. Thank you for the tip!
  • #4,660
  • Jan 13, 2010 3:21pm Jan 13, 2010 3:21pm
Guys,

Don't forget if you want information on Forex accounts in EURO's, send me an email and I'll provide you with further details shortly.

[email protected]

Also, be sure to sign up for MT4 and Navigator webinars next week if you have questions or would like to advance your knowledge of our platforms.

Webinar Schedule
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