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MB Trading Futures - Introduction

  • #5,321
  • May 24, 2010 11:08am May 24, 2010 11:08am
Quoting Trad3r
How it's gonna affect the new financial regulation to MBT forex? Less leverage? Less liquidity? Or it doesn't affect to you?
Trad3r,

It won’t have any effect on liquidity. Obviously, we’re still waiting to see what the final new regulation looks like in terms of leverage.
  • #5,322
  • May 24, 2010 11:09am May 24, 2010 11:09am
Quoting bigmelon
Dear MB Trading,

I had a problem with login live account in MT4, I only can log in my live account in the computer where I logged in my live account first time. I tired to log in another computer, it always showed common error. but no problem with demo account and I also can log in the demo account in 2 computers at the same time. could you please point me out what I should do to log in the other computers? BTW is it possible to log in a live account in 2 computers at the same time. thanks.

Regards.

Roy
Bigmelon,

http://www.mbtrading.com/metatrader4.aspx?page=faq

Questions 19 and 20.
  • #5,323
  • May 25, 2010 2:38am May 25, 2010 2:38am
My MBT MT4 demo account price feed was down for half an hour a few minutes ago. Anyone problems with live accounts too?
  • #5,324
  • May 25, 2010 4:56am May 25, 2010 4:56am
Quoting NederPip
My MBT MT4 demo account price feed was down for half an hour a few minutes ago. Anyone problems with live accounts too?
That's a negative Houston.
  • #5,325
  • May 25, 2010 4:59am May 25, 2010 4:59am
Sorry if this a dumb question, but how do you place OCO orders in Metatrader in the first place?


Quoting shephrd
That's correct. However, in MBT Metatrader if I have an OCO BUY order that has been filled, I will have one open BUY position and two SELL orders for my one SELL position. One sell order is for my "Take Profit" criteria and the other sell order is for my "Stop Loss" criteria. If either my "Take Profit" or "Stop Loss" criteria is met, then one sell order is filled and the other second SELL order is canceled (hence, OCO "One Cancels Other" order).

To add trailing stops to OCO orders in MBT Metatrader, I do the following:

1....
  • #5,326
  • May 25, 2010 8:09am May 25, 2010 8:09am
Quoting jdwbryan
That's a negative Houston.
Sorry, but what do you mean?
  • #5,327
  • May 25, 2010 3:26pm May 25, 2010 3:26pm
Quoting NederPip
Sorry, but what do you mean?
He means there were no issues in Live.
  • #5,328
  • May 25, 2010 10:44pm May 25, 2010 10:44pm
Justin,

Is there something wrong with my version of Navigator, or are you only able to use GTC orders right now? I thought IOC (immediate or cancel) was also an option in the past (although I've never used it), but right now it doesn't seem to come up as an option for me, only GTC ... could it be that I need to update Navigator or something?

Also, I have noticed that there is no OCO (order-cancels-other) type order available in Navigator, is this correct or is it my version of the platform that is wacky? The options available are pretty much all the same regardless of whether I'm logged into a demo or live account.

Thanks!
  • #5,329
  • May 26, 2010 2:25am May 26, 2010 2:25am
Quoting wannatradefx
He means there were no issues in Live.

  • #5,330
  • May 26, 2010 11:55am May 26, 2010 11:55am
Quoting kibescorp
Justin,

Is there something wrong with my version of Navigator, or are you only able to use GTC orders right now?...
FOREX orders can only be GTC. Any other time setting is for other asset classes. There are no "OCO" orders, just TTO orders which is about the same thing.
  • #5,331
  • May 26, 2010 1:20pm May 26, 2010 1:20pm
IOC supposedly works too.
  • #5,332
  • May 26, 2010 2:33pm May 26, 2010 2:33pm
i have a broker now i can tradee with as llow as 600 dollar as an account

i have 2 - 4 pips spread on most pairs the big ones. eu 2 gu 3 and so on.

the widen spread under 1 minute before and after 30 sec before and 30 sec after news or so.

the maring i have to put up is 1 procent and on some pairs the big ones it is just 0.5 procent.


can mb trading offer me something better than this ??


also i hate the thout that i cant trust a broker that he is taking positions against me or giving me slipage all the time or something.

i have heard some bad thing and some good about mb trading.


best regards
  • #5,333
  • May 26, 2010 3:08pm May 26, 2010 3:08pm
Quoting jleblang
There are no "OCO" orders, just TTO orders which is about the same thing.
TTO orders are the same in that one will be cancelled when the other is triggered, but they're really only useful as take profit and stop loss exits. Unless I am doing it wrong, you are UNABLE to set one as a sell and the other as a buy. In other words, if you set a TTO order, both are either going to be a buy or a sell order. Which means you will always have one as a stop order and one as a limit order.

This is useless for anyone who wants to enter into a position using a stop entry (i.e., if the price moves up it enters LONG, and if the price moves down it enters SHORT). This is impossible to do with a TTO order, because both prices have to be for either BUY or SELL, but not one of each.

So unless there's something else I'm not seeing, the only way to do that kind order using Navigator is to set two SEPARATE stop entry orders, one for if the price moves up and one for if the price moves down ... but the point is, one will not CANCEL out the other, meaning you will be at risk of both getting triggered at some point, unless you are always at the screen.
  • #5,334
  • May 27, 2010 5:56pm May 27, 2010 5:56pm
Quoting wannatradefx
He means there were no issues in Live.
Thank you wannatradefx and jdwbryan!
  • #5,335
  • May 27, 2010 7:41pm May 27, 2010 7:41pm
Quoting jdwbryan
Sorry if this a dumb question, but how do you place OCO orders in Metatrader in the first place?
1. Right-click on the chart and select "Trading".

2. Select the order type: (Buy/Sell Stop or Buy/Sell Limit)

3. In the Order window, enter the following information:

Volume:
At Price:
Stop Loss:
Take Profit:

4. Click on "Place" (order).
"Dare to live the life you have dreamed for yourself. Go forward and make y
  • #5,336
  • May 31, 2010 5:10pm May 31, 2010 5:10pm
New info about MT4 of this broker:

SL orders are Stop orders, or Market orders, only TP is limit orders. In other words, when your SL is hit, Mbtrading will go on a search where to close you, it doesnt care about the number you have put there.

Data feeds of NAV and MT4 differ. Sometimes A LOT. Beware - nobody really cares about MT4 there, its all about their platform NAV at first place.

I have already eaten enough of their MT4 and am in a speedy hurry for NAV
  • #5,337
  • May 31, 2010 5:41pm May 31, 2010 5:41pm
Quoting Ulterior
New info about MT4 of this broker:

SL orders are Stop orders, or Market orders, only TP is limit orders. In other words, when your SL is hit, Mbtrading will go on a search where to close you, it doesnt care about the number you have put there.

Data feeds of NAV and MT4 differ. Sometimes A LOT. Beware - nobody really cares about MT4 there, its all about their platform NAV at first place.

I have already eaten enough of their MT4 and am in a speedy hurry for NAV
I'm using both, Nav and MT4, MT4 has no problems with data feed, only sometimes with execution, problems like you can't put an order or you can't close or modify an order, even when the RSA key is OK, you have to call to close your orders or close and open several times the Metatrader.... Nav have more order types, but it's true that sometimes has problems with data feed.

I think that TPs are also market orders in MT4, my trades that hit TP hardly never close at the TP price, sometimes the close price is against me and I lose pips, and sometimes the price is in my favour and I get more pips.

Regards.
  • #5,338
  • May 31, 2010 6:04pm May 31, 2010 6:04pm
Quoting Trad3r
I'm using both, Nav and MT4, MT4 has no problems with data feed, only sometimes with execution, problems like you can't put an order or you can't close or modify an order, even when the RSA key is OK, you have to call to close your orders or close and open several times the Metatrader.... Nav have more order types, but it's true that sometimes has problems with data feed.

I think that TPs are also market orders in MT4, my trades that hit TP hardly never close at the TP price, sometimes the close price is against me and I lose pips, and sometimes...

TP are limits, I see them in Level2
  • #5,339
  • May 31, 2010 6:36pm May 31, 2010 6:36pm
Hi. I am new trader with MBTrading and so far very impressed with execution and service.
Though I am confused to how I place a sl and tp price on a market order. I looked through the manual and its very confusing. As a result, I have had to sit at computer entire time when I have an open market order.
In mt4 its very easy to set your sl and tp prices when you open a market order. It seems it can't be done in Navigator until after the market order is placed and you go in to change the order. This can be risky since a quick sudden spike in price can cause one to lose a lot on the trade.
How can one place their tp and sl prices on the template BEFORE placing an market order?
Thanks!
  • #5,340
  • Jun 1, 2010 3:11am Jun 1, 2010 3:11am
Read this and it should become clear.

http://mbtrading.com/forexordertypes.aspx#
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