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MB Trading Futures - Introduction

  • #5,781
  • Sep 2, 2010 2:04am Sep 2, 2010 2:04am
Quoting jleblang
Tubguy,

At this time, the only change is that maximum leverage for customers will be 50:1 instead of 100:1 starting October 20. We are very pleased with this result as the original proposal was 10:1, and we thank the CFTC for listening to the overwhelming comments by traders and the public on this matter. Only a small percentage of accounts typically trade at leverage above 50:1, so we do not feel as if this is restrictive at all to the majority of our traders.

So 50:1 only for US accounts?
  • #5,782
  • Sep 2, 2010 4:35am Sep 2, 2010 4:35am
Justin LeBlang,

In my previous post, I've asked about order expiry issues. Can you please confirm, clarify, or get your IT department to enable it?

Thank you very much.
  • #5,783
  • Sep 2, 2010 10:20am Sep 2, 2010 10:20am
Quoting paulng
Justin LeBlang,

In my previous post, I've asked about order expiry issues. Can you please confirm, clarify, or get your IT department to enable it?

Thank you very much.
Paulng,

Sorry, somehow I missed that question.

All orders on the ECN are GTC by default and this cannot be changed. Therefore, MT4 handles these the same way.
  • #5,784
  • Sep 2, 2010 11:52am Sep 2, 2010 11:52am
Dear Justin,

With all due respect, I find that reply to be... not up to my expectations from a reputable broker with all the in-house experts.

You guys have managed to overcome all obstacles to bridge the MT4 platform to ECN, and cannot instruct the GTC order to be cancelled upon time expiry? As a non-programmer, I thought sending a cancel order or delete order can easily resolve that issue. Perhaps things are far more complicated than that, and beyond my knowledge.

While only a few traders may be affected by this issue, it does say a lot about reaching out to people familiar with MT4 platforms using time expiry to their pending orders. Hope your IT department will consider this implementation.

I do apologize if I sound too demanding, but my trading is fully automated, and without that order expiry function, my robot will not function properly.

Best regards
  • #5,785
  • Sep 2, 2010 3:54pm Sep 2, 2010 3:54pm
Quoting jleblang
To focus on this one order that executed properly given the conditions and just how things played out (i.e. there were no technology issues associated with the order, it didn’t get stuck anywhere, none of the participants were down, servers were working fine, etc.) instead of focusing on the 99.999% of other trades that we run in a month that behaved exactly the same but only took a second or two (or less) to fill implies that there is an inherent problem in the system. There isn’t. Our system operates the same way that execution behaves...
I'd like to go back to the algorithm that was presented. Justing it was very honest to present how it works and it works like you've described but unfortunately there is problem with this algorithm. Every week I see 2 or 3 examples of bad behavior and unfair treatment of orders. Today this unfairness again was too high so I'm including image. For quite a few seconds (many ticks) price (Bid) was above my TP price (more than 5 pips - 50 points), but the order was not closed during that period shown on image !!! It was not 5pm. The order was constantly rejectect by bank because MBT gave them control to do so. The order was closed several seconds later - of course with worse price. I'm repeating it's happening several times a week. No matter it's TP or SL. With SL my order was rejected for more than 60 second and closed 70 pips (700 points) below SL price - described several pages back in this thread !!! Do you really think there is no problem ?

If there is a need I can include other snapshots from other days.

I think there is too much control to banks. If they provide the price this price should be kept eg. for at least 10 ms. If there are limit / market orders then they should immediately took bank price without additional confirmation from them otherwise there is a "hole" in the system. It's very similar now to Market Makers. If the price doesn't fit the price bank want it can reject it even though the bank set the price just microsecond earlier.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Bug.gif Size: 66 KB
  • #5,786
  • Sep 2, 2010 5:30pm Sep 2, 2010 5:30pm
pailng.

Do not use Mt Trader with MB Trading.

This is not a knock on MB Trading but a knock on MT's platforms. Why are they so special?

It has been my experience, with other Brokers as well, that it highly unreliable.
lMeta Trader????

Wow, it is so advanced.

  • #5,787
  • Sep 2, 2010 7:01pm Sep 2, 2010 7:01pm
"I think when you open the account for your father anywhere, you need to come to terms with the fact that the Forex world is going to be 50:1 anywhere shortly, and the firms that will still offer higher leverage will be in a country where you probably don't want to send your money if you want it back."

Love it how you guys in the good ole USA think you are the centre of the universe.
LOL
Europe and this funny little backwater country over here called Australia don't give a fricking rats arse about your silly regulatory bodies.
Peace
  • #5,788
  • Sep 2, 2010 11:35pm Sep 2, 2010 11:35pm
Quoting Rise
"I think when you open the account for your father anywhere, you need to come to terms with the fact that the Forex world is going to be 50:1 anywhere shortly, and the firms that will still offer higher leverage will be in a country where you probably don't want to send your money if you want it back."

Love it how you guys in the good ole USA think you are the centre of the universe.
LOL
Europe and this funny little backwater country over here called Australia don't give a fricking rats arse about your silly regulatory bodies.
Peace
Aw, buddy. How cute. But I think you will soon enough.
  • #5,789
  • Sep 3, 2010 12:58am Sep 3, 2010 12:58am
Hello Justin,

I am having problems feeding the NinjaTrader platform with MBT feed.
when I connect to MBT in NT it logs into perms but it hangs on "loading Account list"
Any suggestions? It is a demo by the way. I have traded live with EFX in the past and would really like to implement the NT platform for my live trades in the near future.

Thanks
  • #5,790
  • Sep 3, 2010 1:06am Sep 3, 2010 1:06am
Hi Justin,

I've been with MB trading for almost 6 months now. As you probably know NFP is due in a few hours.

In the past, usually when you trade NFP with the MB MT4 platform, the trading used to be smooth during NFP and you usually get your trades filled and stop losses used to be filled at around the levels that is as specified, give or take a few pip differences. This was great for the first few months.

These days when we trade NFP, we get a LOT of "technical problems".

Firstly, there is the usual spread widening to 10 pips on USDJPY that happens to all non ECN/market making brokers, which is quite fine with me sometimes.

However secondly, there is an even worse scenario that happens during high volatility times like NFP and other high volatility events.
1. When you try to enter a trade, it takes about 10-20 seconds for the order to be filled. Its like you are watching price action and it doesn't enter the trade even when you click it. This also happens on VPS.
2. When we have open positions, the stop losses do not get filled, i.e. you get to see the price action like a movie but can't do anything about it because your stop losses are disabled somehow.

Can you advise what is the best scenario for us to avoid these "technical problems"? I do understand it might not be your fault if liquidity providers have their "pricing engines".
  • #5,791
  • Sep 3, 2010 1:26am Sep 3, 2010 1:26am
Quoting wannatradefx
Aw, buddy. How cute. But I think you will soon enough.
cheers..... pretty much in line with the usual level of your posts MR Wanna !

You are right as usual..... soon all of the rest of us poor traders in far flung countries are only going to be able to access choice of leverage / execution choices etc etc by risking our money utilising brokers in shady countries like Sweden, Australia and Switzerland ! Oh.....i also hear that we're all gonna ban evil CFDs and raise the drinking age too !

LOL
  • #5,792
  • Sep 3, 2010 1:56am Sep 3, 2010 1:56am
50:1 leverage is sucks! me want 100:1 leverage how to get that?
  • #5,793
  • Sep 3, 2010 2:10am Sep 3, 2010 2:10am
Quoting Ricx
50:1 leverage is sucks! me want 100:1 leverage how to get that?
Justin, what is MBT planning to do with this new leverage limit coming into affect on the 20th Oct?

Will the company embrace this pile of crap legislature and stay in the US or will MBT move overseas? What's the plan please?
  • #5,794
  • Sep 3, 2010 2:21am Sep 3, 2010 2:21am
Quoting pippin4me
Justin, what is MBT planning to do with this new leverage limit coming into affect on the 20th Oct?

Will the company embrace this pile of crap legislature and stay in the US or will MBT move overseas? What's the plan please?
yeah i agree that leverage reducing is crap we should have a choice on leverage we need
FREEEEEEDOOOOOOOM
i wish i US citizen, so i could wrote something about this crap to them...
https://writerep.house.gov/writerep/welcome.shtml
  • #5,795
  • Sep 3, 2010 2:37am Sep 3, 2010 2:37am
Quoting Ricx
yeah i agree that leverage reducing is crap we should have a choice on leverage we need
FREEEEEEDOOOOOOOM
i wish i US citizen, so i could wrote something about this crap to them...
https://writerep.house.gov/writerep/welcome.shtml

MBT Ron told me in their chat that it would be enforced only on US accounts. Can someone confirm this.
  • #5,796
  • Sep 3, 2010 2:43am Sep 3, 2010 2:43am
It will be a great idea if this thread have important announcement such as this event, posted on the first page (edit the first post). therefore we know all about detail the latest discussion about.
  • #5,797
  • Sep 3, 2010 2:59am Sep 3, 2010 2:59am
Yep certainly as following this big thread is bit painful to find basic some times
  • #5,798
  • Sep 3, 2010 5:40am Sep 3, 2010 5:40am
Quoting Corppu
MBT Ron told me in their chat that it would be enforced only on US accounts. Can someone confirm this.
I thought all accounts opened at MBT were only US accounts? Are there different accounts (foreign) that can be opened there?
  • #5,799
  • Edited 6:52am Sep 3, 2010 6:33am | Edited 6:52am
Quoting bulegila
[FONT=Verdana, Arial, Helvetica,...

Bulegila,

Do you have the special version of Navigator (desktop) installed, v11.5.0.5 that is specifically designed to interface w/ NT?

You can check your current version number under Help --> About MB Navigator.

Check out this page where you can download it, as well as look at detailed connection instructions for MB Trading.

I have been able to hook up both NT6.5 and NT7 to my live FX acount, and demo equities with no problem.

You probably want to use NT7 as it has ability to handle history data supplied by MB to fill in gaps when you don't have NT running.... although its not a lot of data, so you need to keep it running all week.

NT6.5 lacks this ability.

http://www.ninjatrader.com/webnew/support_MB.htm
  • #5,800
  • Sep 3, 2010 6:40am Sep 3, 2010 6:40am
Quoting Rise
cheers..... pretty much in line with the usual level of your posts MR Wanna !

You are right as usual..... soon all of the rest of us poor traders in far flung countries are only going to be able to access choice of leverage / execution choices etc etc by risking our money utilising brokers in shady countries like Sweden, Australia and Switzerland ! Oh.....i also hear that we're all gonna ban evil CFDs and raise the drinking age too !

LOL

Typical penis envy from people from tiny insignifigant places

I think he was eluding to the fact that it isn't just a move by the US, its a worldwide move in progress....Japan went to 50:1 last month, and will move to 25:1 next year after they review the results of the 50:1 move.

Forex gets lumped in with all over the counter derivitives, and you can bet your arse will get taxed and over regulated everywhere given time in the wake of the mess complex derivitives played in the current bubble burst.

Sarkozy is foaming at the mouth for a tax now.
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