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MB Trading Futures - Introduction

  • #5,101
  • Apr 15, 2010 4:43am Apr 15, 2010 4:43am
Quoting fxoxford
JB, is there any plans if the 10:1 rule pass?
i ask this again, im afraid to open an account and then these new rules takes effect an im stuck with a broker that don't have overseas operation.
  • #5,102
  • Apr 15, 2010 8:09am Apr 15, 2010 8:09am
Quoting fxoxford
i ask this again, im afraid to open an account and then these new rules takes effect an im stuck with a broker that don't have overseas operation.
fxoxford & everyone,

We have already started the process for registering and expanding our business overseas to the EU. Regardless if these new leverage rules pass or not, we will be moving forward with these plans.

Everything is going to be great
  • #5,103
  • Apr 15, 2010 8:10am Apr 15, 2010 8:10am
Quoting jdwbryan
PLEASE tell them not to make it exclusive to Crackberry devices...at least get some WinMo support in there too, if nothing else.
No, it will not be exclusive, but it might roll out for BB first.
  • #5,104
  • Apr 15, 2010 8:13am Apr 15, 2010 8:13am
I thought this was a good article from Kipp Cohen over at TVN.

Developing a Trade Plan Starts with Self-Identification
  • #5,105
  • Apr 15, 2010 8:29am Apr 15, 2010 8:29am
Quoting jleblang
fxoxford & everyone,

We have already started the process for registering and expanding our business overseas to the EU. Regardless if these new leverage rules pass or not, we will be moving forward with these plans.

Everything is going to be great
That is good news
  • #5,106
  • Apr 15, 2010 10:15am Apr 15, 2010 10:15am
The Symbol/Interval Bar is a toolbar that can be displayed at the bottom of the chart. To add this toolbar, right click on the chart and select Symbol/Interval Bar.

To add the symbol that the chart is currently displaying to the Symbol/Interval toolbar, left click the SYM+ button. To add the interval that the chart is currently displaying left click the INV+ button.

Once you have some symbols and intervals in the toolbar, you can click on them to change the chart to that symbol or interval. If there are more symbols and/or intervals than are visible in the width of the chart, you can use the scroll bars to move the tabs to the left or right. To delete Sym or Inv tabs, use the right click function and select Remove or Remove All. When right clicking you will also notice an option for Auto Hide. This will make the Symbol/Interval toolbar disappear when the cursor is moved away from the toolbar area. It will appear when the cursor returns to the toolbar area.

Questions let me know.
Attached Image (click to enlarge)
Click to Enlarge Name: Symbol and INV Bar.jpg Size: 224 KB
  • #5,107
  • Apr 15, 2010 11:48am Apr 15, 2010 11:48am
hi justin,i like to enquire fr u abt the latest changes for the margin call level for spot fx trading acct? i remembered that it was something like at 50% then the acct will be margin called? still the same? pls advise,thanks
  • #5,108
  • Apr 15, 2010 12:07pm Apr 15, 2010 12:07pm
Quoting fxking
hi justin,i like to enquire fr u abt the latest changes for the margin call level for spot fx trading acct? i remembered that it was something like at 50% then the acct will be margin called? still the same? pls advise,thanks
FXKing,

I don’t know what you mean by a change to the margin call level. We have two different systems in place. The MetaTrader system, which is software that we license, is automated and liquidates the minute you breach 100:1. It will automatically close the position with the biggest unrealized loss. Since the Navigator system aggregates positions, we take a more manual approach to piecing you out of enough of the trade to keep you above 100:1 and there is a little extra leeway while we make the determination. Just keep in mind that your account is always subject to liquidation if you break under 100:1.
  • #5,109
  • Apr 15, 2010 12:15pm Apr 15, 2010 12:15pm
Quoting jleblang
FXKing,

I don’t know what you mean by a change to the margin call level. We have two different systems in place. The MetaTrader system, which is software that we license, is automated and liquidates the minute you breach 100:1. It will automatically close the position with the biggest unrealized loss. Since the Navigator system aggregates positions, we take a more manual approach to piecing you out of enough of the trade to keep you above 100:1 and there is a little extra leeway while we make the determination. Just keep in mind that your account...
i am referering to the navigator pro trading platform,is margin call level at 50% still?
  • #5,110
  • Apr 15, 2010 1:06pm Apr 15, 2010 1:06pm
Quoting jleblang
We have already started the process for registering and expanding our business overseas to the EU.
Good to hear, Justin!

(Also, well done regulators for driving more business out of the US. )
  • #5,111
  • Apr 15, 2010 2:12pm Apr 15, 2010 2:12pm
Hey Justin - On your "ECN" MT4 - are there multiple prices displayed for me to trade on at any one time?
  • #5,112
  • Edited 5:17pm Apr 15, 2010 2:52pm | Edited 5:17pm
MT4 demos crashed at 5 pm EST.

On other hand, tripled my TP.



NOTE: Checked with mb trading chat. They said it was an irregularly done maintenance period that, this time, lasted 3/4 of an hour.
  • #5,113
  • Apr 15, 2010 3:20pm Apr 15, 2010 3:20pm
Justin, do you allow partial fills in any of your platforms?
  • #5,114
  • Apr 15, 2010 5:22pm Apr 15, 2010 5:22pm
Quoting FXSurfer
Good to hear, Justin!

(Also, well done regulators for driving more business out of the US. )
We couldn't just sit back and wait....plus it might be nice to mix things up
  • #5,115
  • Apr 15, 2010 5:25pm Apr 15, 2010 5:25pm
Quoting Trad3r
Justin, do you allow partial fills in any of your platforms?
Yes, we absolutely allow partial fills on all of our platforms with no restrictions.
  • #5,116
  • Apr 15, 2010 5:27pm Apr 15, 2010 5:27pm
Quoting ForexSooth
Hey Justin - On your "ECN" MT4 - are there multiple prices displayed for me to trade on at any one time?
Are you asking if MT4 has Level 2 pricing? If so, no that is only available in our Desktop platforms.
  • #5,117
  • Apr 15, 2010 5:32pm Apr 15, 2010 5:32pm
Helloo Justin,

That is the best news I heard in a long time. Once you do, I will be trading with your wonderful company again. Now, I have one new question for you. Will your wonderful company start posting live tick data so your customers can use it to backtest on instead of the really questionable metatrader website. Dukascopy does this for their customers. I hope your wonderful company does this as well so people can backtest their ea's on real tick data.

Regards,
Jeff

Quoting jleblang
fxoxford & everyone,

We have already started the process for registering and expanding our business overseas to the EU. Regardless if these new leverage rules pass or not, we will be moving forward with these plans.

Everything is going to be great
  • #5,118
  • Apr 15, 2010 9:52pm Apr 15, 2010 9:52pm
Quoting jleblang
fxoxford & everyone,

We have already started the process for registering and expanding our business overseas to the EU. Regardless if these new leverage rules pass or not, we will be moving forward with these plans.

Everything is going to be great
The best news I heard in a long time. Keep up the good work!
  • #5,119
  • Apr 15, 2010 11:48pm Apr 15, 2010 11:48pm
Quoting jleblang
FXKing,

I don’t know what you mean by a change to the margin call level. We have two different systems in place. The MetaTrader system, which is software that we license, is automated and liquidates the minute you breach 100:1. It will automatically close the position with the biggest unrealized loss. Since the Navigator system aggregates positions, we take a more manual approach to piecing you out of enough of the trade to keep you above 100:1 and there is a little extra leeway while we make the determination. Just keep in mind that your account...
justin,pls see the link provided,is this this information updated or what? https://www.mbtrading.com/forexforexrisks.aspx ,so is the margin call level at 0.5% or 1% for the navigator platform? pls advise,thanks!
  • #5,120
  • Edited 2:22am Apr 16, 2010 12:29am | Edited 2:22am
Justin,

I believe in giving credit where it is due and by and large I have found MB Trading to be pretty good. Unfortunately, there has been an uptick in execution problems of late on your MT4 platform. I have a friend who lost something like 7% of his account while I managed to lose only 2% through 4 problems in the last month.

I am lead to believe that there are no refunds if a trade does not execute, if you are not present to call in to the trade desk. I quote from an email from one of your representatives :-

I have consulted with a manager on your request. There was indeed two service disruptions during the time that you cited.

Unfortunately, service disruptions are inevitable in a purely electronic environment such as online trading. We do endeavor to minimize these disruptions, and just as importantly, provide you an emergency counter-measure during service disruptions. We have a trade desk that functions all hours in which there is trading that you can call for assistance in getting out of a trade if necessary.

You had indicated that the EA was running and therefore you were not present

and able to recognize the service interruption. Regrettably, we still will be unable to compensate you for this event. Again, as an electronic firm the best we can do for our clients is to provide a stable platform to the best of our ability, and an emergency measure if technology fails at any time. As an electronic trader your principle and only recourse is to contact our desk that we may help you exit a trade if you are unable. I agree and empathize that is was unfortunate that you were not present and
able to respond at the time. Please feel free to mail or call if you have
any further questions or concerns.


All of this despite the fact that at least 1 trade hit TP and was there for over 2 minutes.

Do you have any comment to make on this. When do you suppose it will be safe to trade live with MB again?

I have another email from a different representative who tells me that execution errors are so rare that he can count them on one hand.....fair enough, but consider this.......

As a scalper, I give a generous portion of my profit to MB Trading in the form of commission(circa 50%). Now given your contention that execution problems are so rare and the amount of money you take off me, don't you think you should be looking at compensation. Just doesn't seem right that you made money off me and then fail to deliver what I paid for.......or do you think that is just life?

I have a log file with over 4 hours of errors while my EA tried in vain to exit the trades. Do you guys even bother to monitor your trade server? I would think that you would run a parallel MT4 platform that simply enters and exits trades every 5 minutes and will warn you if there is a problem. I could write the EA for you if you can't do it yourself......its not rocket science......come guys, up your game a bit, this is people's money you are dealing with!

Perhaps regulation is not so useful after all, doesn't seem to protect me from shoddy execution!
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