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MB Trading Futures - Introduction

  • #4,781
  • Jan 21, 2010 10:09am Jan 21, 2010 10:09am
Quoting jleblang
Tar,...
Justin thanks for your reply

I have no hidden agenda whatsoever , and i am honest i wanted to open an account with you b4 i change my mind , you even can c my emails to your new accounts department , I just said my opinion that we cant be sure that MB is an ECN maybe it is maybe not untill we c a proof , this what i said i didnt say u r bad or u r good broker , i gave a simple comment and i wanted a proof only and i have the right to ask for one , this what i said i didnt stop anybody to trade with you i didnt say broker A is better than you but some of your fans cant accept so i replied to them . And i agree with u if someone prefer MB so thats fine this what i said b4 but also if someone dont consider MB as an ECn this is fine 2 , i know u match orders with other clients and you r an ECN in this but what i am not sure is the liquidity we c is from banks or MB , you cant push me to take your word even i respect you this is bussiness .

Regarding banks not dealing with each other in your platform , i understand your point and this what i said b4 that small ecns is not expected to match banks with each other anyway it is not a big deal but it is strange ( negative spread ) .

Refarding 3Dforex , my point wasnt the addesses , i was mentioning 3DFX which is your ecn , that is not registered any more with the NFA and it is also known as MBT technologies and it has the same website as yours .

I didnt violate the forums rules and everybody can c this i had diffrent opinion only which others has to accept maybe u r an ecn maybe not , maybe we r trading against big banks maybe we r trading against MB , there is no guarantee or proof for either way .
  • #4,782
  • Jan 21, 2010 10:26am Jan 21, 2010 10:26am
Quoting jleblang
Tar,

This is getting a little bit ridiculous, and if you continue to push, I’m going to have to request that you be removed or frozen out of these boards. It’s clear that you have an agenda to try to smear MB Trading. I’m going to take your points one at a time. These are OUR answers. It’s clear that on some of these points, you disagree. The simple answer is that we don’t need to change ourselves for you because we have an entire business model that works for us, our clients, and our banks. The idea that we’re going to throw it all down the drain...
Thanks for the detail Justin. It's hard to believe that you find newer and even clearer ways to state the same stuff. It's also hard to believe that you have to. We appreciate it.
  • #4,783
  • Jan 21, 2010 10:28am Jan 21, 2010 10:28am
Quoting tar
Justin thanks for your reply

I have no hidden agenda whatsoever , and i am honest i wanted to open an account with you b4 i change my mind , you even can c my emails to your new accounts department , I just said my opinion that we cant be sure that MB is an ECN maybe it is maybe not untill we c a proof , this what i said i didnt say u r bad or u r good broker , i gave a simple comment and i wanted a proof only and i have the right to ask for one , this what i said i didnt stop anybody to trade with you i didnt say broker A is better than you but...
Tar,

As I said, it could just be a communication issue. It’s the way that these questions (all of which have been addressed in the past) were being flung out there to imply that they meant something negative. I appreciate what you just said in this last post, so we are on the same page. Let me address 3Dforex. This used to be the ECN for us and was a separate website and company. We acquired it and brought it into our firm, so there was no need for separate regulation, and it now directs to our website.

And you are not trading against MBT. Let me finish this one up with this. If we had any form of a desk at all:

1)We wouldn’t have to shut down for five minutes for global rollover at 5 pm EST.
2)We wouldn’t have to turn off some of the deal desk functionality of MetaTrader, such as the ability to do Instant Executions where you include T/P and S/L with your entry.
3)A couple of other things in MT4 would work differently.

Think about that. These are the things that people complain about the most, and the reality is that even if we just had a desk, whether it was always or sometimes the counterparty, those complaints would go away because those issues would not exist. Period. We do not have a desk. Everything is routed, and the banks in our system accept minis and micros or they aren’t allowed in our system. Let’s pretend that they also display to broker XYZ and that broker claims that micros can’t be traded on the Interbank system, and then displays on their website all of the banks that provide their liquidity, including XYZ. If we then showed XYZ as a liquidity provider, that would raise questions about why the other broker can’t trade micros. That would hurt their relationship with that other broker. So think about that carefully. We require that they accept any increment if they want to gain access to our customers. Other brokers have no interest in doing that. But there are potential conflicts for them if they are listed on one broker’s site saying that nothing under a mini will trade and also listed on our site saying that it will.

This isn’t some intent to deceive or maliciously hide anything. The PURPOSE of an ECN from our perspective (go back and look at the ECNs in stocks back in the 1990s) is to provide true anonymity for ALL parties. That’s our take and our model, and it isn’t going to change anytime soon.
  • #4,784
  • Jan 21, 2010 10:46am Jan 21, 2010 10:46am
Quoting jleblang
Tar,...
Thanks again
Equities ECN let multiple brokers connect to them , they r like server , but u r the broker and the ECN at the same time .
Regarding your operation details ( rollover maintanince) & ( MT4 ) , this doesnt mean u r dealing with banks .
If u r a well known ECN wich has multiple brokers ( u r a broker and an ECN at the same time ) connected to them then i will not ask for the names of your liquidity providers , i wanted any type of proof , also not all ECN hide their liquidity providers , for example interactive bokers ( i dont have account with them ) name their FX liquidity providers very clearly which gives transparency for the game , otherwise anyone will open FCM and will say i deal with banks i am not a market maker which is BTW happeneing lately from MT4 brokers .

Best regards
  • #4,785
  • Jan 21, 2010 11:04am Jan 21, 2010 11:04am
Great news about MBT Nav Pro and the other updates, I've been looking forward to using Nav Pro for a long time now. Can't wait for Web Nav too.


And, anecdotally, since Tar won't seem to get off the negative quotes issue, I have entered orders and received negative quotes putting me instantly in profit. I don't understand why or how this could be considered a bad thing. It doesn't happen often, but neither does a 0 or .00001 spread which I saw on multiple occasions last night during the Asian session. This is completely a good thing, and there's only two reasons it could be put forward in a negative light, misunderstanding the market or smearing the broker.
  • #4,786
  • Jan 21, 2010 12:26pm Jan 21, 2010 12:26pm
Quoting tar
Thanks again
Equities ECN let multiple brokers connect to them , they r like server , but u r the broker and the ECN at the same time .
Regarding your operation details ( rollover maintanince) & ( MT4 ) , this doesnt mean u r dealing with banks...
IB isn't ECN, it's just STP. And I just can't imagine how you can't read Justin's post and understand what he's saying. He didn't hide it that much. Obviously, they feel like they pick up additional key liquidity providers and the micro trading, both of which are things that they think around important, by keeping everything anonymous (sp?). Like he said, that's their decision. Yours is to open or move on, not keep wasting all our time.
  • #4,787
  • Jan 21, 2010 12:40pm Jan 21, 2010 12:40pm
Quoting wannatradefx
IB isn't ECN, it's just STP. And I just can't imagine how you can't read Justin's post and understand what he's saying. He didn't hide it that much. Obviously, they feel like they pick up additional key liquidity providers and the micro trading, both of which are things that they think around important, by keeping everything anonymous (sp?). Like he said, that's their decision. Yours is to open or move on, not keep wasting all our time.
IB acts like an ECN where u can deal with big known banks and other IB clients directly as well . Anyway i moved on already , if somebody's time wasted it is me but i dont regret my time here in this thread ...
  • #4,788
  • Jan 21, 2010 2:05pm Jan 21, 2010 2:05pm
Quoting tar
u can deal with them no harm but dont push everybody to believe that they r an ECn and they deal with 12 " big banks " .
ROTFLMFAO

Are you effin kiddin me?

Do you know how much of a hypocrite you sound like with that statement?

Jesus Christ ...
  • #4,789
  • Jan 21, 2010 2:15pm Jan 21, 2010 2:15pm
Quoting kibescorp
ROTFLMFAO

Are you effin kiddin me?

Do you know how much of a hypocrite you sound like with that statement?

Jesus Christ ...
This exactly what happened !
  • #4,790
  • Jan 21, 2010 2:18pm Jan 21, 2010 2:18pm
Quoting jleblang
Has nothing to do with our liquidity providers, and as you (somewhat) corrected yourself, our FCM is registered in California, which is where our base of operations is.
That's the part where he just laughed it off with an "lol," whereas if someone else had made such a critical error he'd be all over their asses with his incessant ranting.

And as far as I'm concerned, the carbonated beverages analogy pretty much just owned this entire meaningless debate. Nonetheless, I fully expect tar to continue lashing back with more words. It would probably be easier winning money betting on that than where a currency pair is gonna go next.
  • #4,791
  • Jan 21, 2010 2:25pm Jan 21, 2010 2:25pm
Quoting kibescorp
That's the part where he just laughed it off with an "lol," whereas if someone else had made such a critical error he'd be all over their asses with his incessant ranting.

And as far as I'm concerned, the carbonated beverages analogy pretty much just owned this entire meaningless debate. Nonetheless, I fully expect tar to continue lashing back with more words. It would probably be easier winning money betting on that than where a currency pair is gonna go next.
U didnt read ! lol , it was Trad3r not me who mentioned the address in las vegas not me i even corrected him ...
  • #4,792
  • Jan 21, 2010 4:21pm Jan 21, 2010 4:21pm
Can anyone help me with a script for setting a stop loss to instant market order? On MBT's MT4 you can't use a script to open a instant market order with a stop loss/ take profit attached so I need a script that I can run after I place a instant buy/sell order.

For example, I open a instant buy order and I get filled @ 1.00000 and then I want to set the stop loss at 0.90050 without having to type it

If someone could help me out I would really appreciate it.


Thanks
  • #4,793
  • Jan 21, 2010 4:39pm Jan 21, 2010 4:39pm
Hi Justin,

A year or two ago I remember I tried to trade the negative spreads but in most of my attempts there was a problem with orders and I either couldn't enter or couldn't exit the trade when negative spreads occured. I remember you explained that negative spreads happen when some of your banks have faulty orders and therefore can't be executed and you recommended not to use these arbitrage opportunities. But now (as far as I understand it from your post above) you say that it is safe to do so and we will have no problems with orders?

Quoting jleblang
Tar,


2) Banks in our system do not hit other banks. They only provide their quotes and liquidity to us so that we can send orders to them for our customers. Therefore, given the number of banks in our system, it is not uncommon in a fast market for banks to cross their quotes (thus creating the negative spread). This is nothing but a positive for our customers. Even though it is usually short lived, the REAL complaint in FOREX is that quotes go WIDE on news. So-called “negative spreads” have nothing but positive associated with them for a trader...
  • #4,794
  • Jan 21, 2010 5:17pm Jan 21, 2010 5:17pm
Here you can see the headquarters of MB trading:

http://lh4.ggpht.com/_Lbf0uMwGd94/R1...4/DSC_0143.JPG

Effectively there is nobody in the dealing desk, so they are a trully ECN broker with fully automated orders.

Viva las Vegas!!!





PD: this is just a joke, don't get angry with me jelang
  • #4,795
  • Jan 21, 2010 6:31pm Jan 21, 2010 6:31pm
Quoting Trad3r
Here you can see the headquarters of MB trading:

http://lh4.ggpht.com/_Lbf0uMwGd94/R1...4/DSC_0143.JPG

Effectively there is nobody in the dealing desk, so they are a trully ECN broker with fully automated orders.

Viva las Vegas!!!





PD: this is just a joke, don't get angry with me jelang
That's pretty funny.
  • #4,796
  • Jan 21, 2010 6:42pm Jan 21, 2010 6:42pm
Quoting DrainBamage
Hi Justin,

A year or two ago I remember I tried to trade the negative spreads but in most of my attempts there was a problem with orders and I either couldn't enter or couldn't exit the trade when negative spreads occured. I remember you explained that negative spreads happen when some of your banks have faulty orders and therefore can't be executed and you recommended not to use these arbitrage opportunities. But now (as far as I understand it from your post above) you say that it is safe to do so and we will have no problems with orders?
Drainbamage,

A couple of years ago, sometimes the negative spread (as it is being called) was because a bank quote got stuck. These banks have come a long way (knock on wood) and we don’t see that very often. Obviously, when there quote isn’t real and simply isn’t moving, you can’t hit them. Now, it should be much rarer that you’d see a negative spread because it truly should only be when two banks are crossed but live. So you would be able to execute. But generally speaking, as I said, I wouldn’t try to earn a living off of it. They are very rare and usually the banks move to get in line fast. There are computer trading systems from customers on our platform that look for such moments and attack.
  • #4,797
  • Jan 21, 2010 6:42pm Jan 21, 2010 6:42pm
Quoting wannatradefx
That's pretty funny.
Agreed.
  • #4,798
  • Jan 21, 2010 8:02pm Jan 21, 2010 8:02pm
Justin,

Why MBTNavigator Pro Tick chart dont have historical data?
  • #4,799
  • Jan 21, 2010 9:52pm Jan 21, 2010 9:52pm
Quoting jleblang
Agreed.
Haha love the pic Justin. Apparently 320 pages of discussion, combined with countless posts from people saying how great MB is, just isn't enough for some idiots. The fact that it is still debated if you guys are a real ECN or not just blows my mind! I think if everyone just ignores his posts he'll go away.

Also while I'm here, people need to stop complaining about the MT4 DEMO environment and read that EVERYBODY SAYS LIVE TRADING IS FLAWLESS!!! That's right everybody, 0 problems. I have placed THOUSANDS of trades and not once have I had a problem. Some of the most profitable traders in these forums, are using MB Trading.
Cap
  • #4,800
  • Jan 21, 2010 11:39pm Jan 21, 2010 11:39pm
No question, there are tons of problems with MT4 demo and Navigator demo accts, but live trading is flawless. Never had a prob in 2 years. That being said, if you want to demo a new strategy, the problems w/ the demos can be infuriating and may lead to false results.
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