MB Trading Futures - Introduction | Page 287 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #5,721
  • Aug 5, 2010 12:00am Aug 5, 2010 12:00am
Quoting wittyname
I am also back online.

Does MB normally issue outage reports for these types of things? A general list of what went wrong and what measures are in place to prevent it happening in future?
In two years I only remember the order server being out for a short 10 min or so period.

They should have sent a message over the alerts window ( Desktop ) like they do when they have an extended rollover or some other Tech issue. Can't explain why they did not this time, as I think that comes over the Perm server that was always up as far as I could tell tonight. At least then you know the problem is on their end and you don't need to fix anything on yours.

It would save them a deluge of phone calls as well.

Eclipse gives some good advice for all to follow. There will always be some Tech issue at some time if you are online 24X6. With proper management, however, you should never be exposed to any danger of signifigant loss, just inconvenience.
  • #5,722
  • Aug 5, 2010 12:19am Aug 5, 2010 12:19am
In regards to how often this happens, I've been with them for a few years and never had an issue like this. Almost makes you think they closed up shop when the web site goes out at the same time.

I will be changing my default order to one that sets a stop at the same time I enter (TTO, etc) Of course this will be a stop to avoid catastrophic loss...once its set I can adjust based on the trade set up etc.
  • #5,723
  • Aug 5, 2010 12:42am Aug 5, 2010 12:42am
Quoting MaximusPips
In regards to how often this happens, I've been with them for a few years and never had an issue like this. Almost makes you think they closed up shop when the web site goes out at the same time.

I will be changing my default order to one that sets a stop at the same time I enter (TTO, etc) Of course this will be a stop to avoid catastrophic loss...once its set I can adjust based on the trade set up etc.
If the platform were actually down, that wouldn't really help. But it wasn't. Looks like a web outage that took down the website for a bit.
  • #5,724
  • Aug 5, 2010 1:34am Aug 5, 2010 1:34am
PHP Code
If the platform were actually down, that wouldn't really help. But it  wasn't. Looks like a web outage that took down the website for a bit.

I don't know what you consider "platform down" I consider it down if I can't manage my trades, place orders etc. At that point in time it is useless to me. Had I had a trade going with a stop entered at the same time as the trade..it would have saved me in circumstances like today. Of course if everything went haywire on the server end I understand that the stop might not be honored. I still want that extra layer of protection.
  • #5,725
  • Aug 5, 2010 1:41am Aug 5, 2010 1:41am
Quoting MaximusPips
[php]If the platform were actually down, that wouldn't really help. But it...
OK, semantics. My version of "platform is down" is that no executions are occurring.
  • #5,726
  • Aug 5, 2010 4:35am Aug 5, 2010 4:35am
Quoting jleblang
IndyTrader,

 

  1. Elimination of hedging (which serves to double commissions for deal desks)

Few people realized that hedging caused higher commissions
  • #5,727
  • Aug 6, 2010 4:40am Aug 6, 2010 4:40am
Quoting dundifx
I have been for 1 year and half client and as you told I have experienced 3 outages like this.
Who is the other half client. http://cdn.forexfactory.com/images/icons/icon10.gif
making green pips large and red pips small this is my goal.
  • #5,728
  • Aug 6, 2010 6:47am Aug 6, 2010 6:47am
Quoting mikhaildgreat
Right, if you had automated trading and the ability to create custom indicators in NavPro there would be no reason for anyone to use MT4 on MB.

And justin one last question regarding MT4, if I use BUYLIMIT and SELLLIMIT instead of Market orders, will that help my EA get more precise fills? Will that help me avoid slippage?
NO because when a "limit" order is triggered in mt4, ...mt4 sends off a market order to be filled.....mt4 does not do "true" limit orders. All orders enter as market orders......the only "limit" part of an mt4 order is the trigger.
  • #5,729
  • Aug 6, 2010 9:38am Aug 6, 2010 9:38am
Quote
NO because when a "limit" order is triggered in mt4, ...mt4 sends off a market order to be filled.....mt4 does not do "true" limit orders. All orders enter as market orders......the only "limit" part of an mt4 order is the trigger.

SnapCracklePip,

I humbly beg to differ on this point. My experience has been that the limit orders in MT4 are 'at or better' prices, otherwise it would be no different to a stop order which is simply a pending market order triggered by price(and therefore subject to slippage).

Needless to say, it will be good to hear Justin's take on this.........
  • #5,730
  • Aug 6, 2010 1:07pm Aug 6, 2010 1:07pm
Quoting kennyhubbard
SnapCracklePip,

I humbly beg to differ on this point. My experience has been that the limit orders in MT4 are 'at or better' prices, otherwise it would be no different to a stop order which is simply a pending market order triggered by price(and therefore subject to slippage).

Needless to say, it will be good to hear Justin's take on this.........
Kennyhubbard ,


You are correct. A limit order in MT4 is exactly that. It’s a pending trade better than the current market price waiting for the market to come down to that price. You can only get filled at that price or better. It is not a market order.

Now, STOP orders turn into market orders. And in Desktop/Desktop Pro you can place a Limit order to buy above the market, which is essentially a market order up to your Limit price, and if it can’t get filled, then it becomes a Limit. MT4 does not allow you to place a buy limit above the current market or a sell limit below the current market however.
  • #5,731
  • Aug 8, 2010 8:58pm Aug 8, 2010 8:58pm
Quoting jleblang
Kennyhubbard ,...
hmm well I guess this is true when I think about although i have had limit orders slip it has always been to my favor....for instance sell lmit getting run past and filling me 5 pips higher than where my order was placed.....which is in fact " a better price". but it still does not seem to work the same as the Nav desktop limit orders, as Justin has pointed out. (where you could use limit order in a breakout trade instead of just a reversal trade)
  • #5,732
  • Aug 10, 2010 10:50am Aug 10, 2010 10:50am
Group:

MT4 received an order behavior upgrade yesterday. Here is the change.
Previous behavior:

Client has position and adds Take Profit only (T/P), T/P is sent to ECN as Limit and displays in quote
Client has position and adds Stop Loss only (S/L), S/L is held on bridge until S/L price hits, then sends as market order
Client has position and adds T/P AND S/L, this is held on the bridge until either T/P or S/L hits, then a market order is sent

New behavior:

Client has position and adds Take Profit only (T/P), T/P is sent to ECN as Limit and displays in quote
Client has position and adds Stop Loss only (S/L), S/L is held on bridge until S/L price hits, then sends as market order
Client has position and adds T/P AND S/L, the T/P is sent to the ECN as a Limit order. If it fills, order is closed. Bridge continues to monitor the price. If S/L hits instead, T/P is canceled and then a market order is sent.

Therefore, a customer will always get their T/P price or better (not worse), even if they have both a T/P and a S/L.
  • #5,733
  • Aug 10, 2010 11:33am Aug 10, 2010 11:33am
Quoting jleblang
Client has position and adds T/P AND S/L, the T/P is sent to the ECN as a Limit order. If it fills, order is closed. Bridge continues to monitor the price. If S/L hits instead, T/P is canceled and then a market order is sent.

Therefore, a customer will always get their T/P price or better (not worse), even if they have both a T/P and a S/L.
That's excellent news! I hope it also works if I place Limit Order/Stop Order with TP and SL ?
  • #5,734
  • Aug 10, 2010 1:59pm Aug 10, 2010 1:59pm
Quoting pavikogm
That's excellent news! I hope it also works if I place Limit Order/Stop Order with TP and SL ?
Pavikogm,

This applies to any trade once it is opened and has been a T/P and S/L. Whether you entered via stop, market, or limit doesn’t matter.
  • #5,735
  • Aug 11, 2010 4:03am Aug 11, 2010 4:03am
Quoting jleblang
Hi Smjones ~
We do not allow hedging in the same account. As a solution though, many of our clients choose to open and fund two accounts. We then link the accounts together so that they only have to log in one time to trade both accounts.

Hope this helps.

Sincerely,
Hi Justin,

Can this joining of 2 accounts be done with Metatrader4 accounts?

Thanks,
Scalpa
  • #5,736
  • Aug 11, 2010 11:21am Aug 11, 2010 11:21am
Quoting Scalpaholic
Hi Justin,

Can this joining of 2 accounts be done with Metatrader4 accounts?

Thanks,
Scalpa
Scalpaholic,

No need to link in MT4, you can have both logins and just double click to switch, it’s about the same process as a linked account in Desktop.
  • #5,737
  • Aug 11, 2010 1:08pm Aug 11, 2010 1:08pm
When will be futures and CFD available on mt4?
  • #5,738
  • Aug 12, 2010 5:44pm Aug 12, 2010 5:44pm
sorry if i am hijacking this thread but am watching this bug for quite some time and dont see any action.

The Volume does not stream on the Chartts. For eg. i can load USD.JPY and it will load the volume the first time. As ticks come in, the volume never gets updated. This problem has been going on for some time.

It is really annoying because i switched to MBT from IB because Forex has volume data on it. My calls and Emails to MBT resulted in. This is really lame.

i have also found that following the volume on trending markets shows me a good entry and exit.


my email.
>> when i use forex on intraday chart, the volume does not stream as ticks
>> come in. when are you going to get it fixed. its been out for a long time

and the response i get.

Dear #$@/&^%,

At this time we do not have an estimate as to when this issue will be resolved. You can however stay up to date by checking the release notes available at our website. The link is provided below: https://www.mbtrading.com/tradingPlatforms.aspx

If you have additional questions or require further clarification please contact our customer support team at 1866-628-3001 International clients please dial 310-647-4281.
  • #5,739
  • Aug 12, 2010 6:54pm Aug 12, 2010 6:54pm
Quoting junkone
sorry if i am hijacking this thread but am watching this bug for quite some time and dont see any action.

The Volume does not stream on the Chartts. For eg. i can load USD.JPY and it will load the volume the first time. As ticks come in, the volume never gets updated. This problem has been going on for some time.

It is really annoying because i switched to MBT from IB because Forex has volume data on it. My calls and Emails to MBT resulted in. This is really lame.

i have also found that following the volume on trending markets shows me a good...
You understand that it isn't volume anyway, right?
  • #5,740
  • Aug 12, 2010 7:53pm Aug 12, 2010 7:53pm
if you watch closely it relats to the price moves. i am happy with the data especially on historical. it kinda matches the patterns i look for.
BTW: Dukascopy offers similar vol data too and they kinda match the mbtrading in terms of proportional volume. i think dukascopy has higher trading volume than MBT as theier volumes look proportionally higher.
13 traders viewing now