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MB Trading Futures - Introduction

  • #5,801
  • Sep 3, 2010 6:49am Sep 3, 2010 6:49am
Quoting pippin4me
I thought all accounts opened at MBT were only US accounts? Are there different accounts (foreign) that can be opened there?
hey i live outside US not a US citizen and i have forex account at mbtrading, frankly i been quite satisfy with them

-but not with their regulators
  • #5,802
  • Sep 3, 2010 7:44am Sep 3, 2010 7:44am
[quote=Crassius;3998222]Bulegila,

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


Yes, 11.5.0.5 is the version I have installed but it is not working with either NT 6.5 or 7
  • #5,803
  • Sep 3, 2010 7:45am Sep 3, 2010 7:45am
[quote=bulegila;3998377]
Quoting Crassius
Bulegila,

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


Yes, 11.5.0.5 is the version I have installed but it is not working with either NT 6.5 or 7
How about the license number?

Follow the video or instructions on the page that I gave you the link to... including entering the license number.

Double check your username and password. I have had username and password fail when copy and pasted, but work when entered by hand.

If all else fails, go to this page, fill out "I was referred by" blank with Mb Trading,

and click the radio button,

I have/will have access to one of the above listed connectivity providers.

Click Submit, and NT will email you a new license number....

You may need an MBT specific license.... I have seperate licenses for MBT and Amp trading, and have to switch license numbers to log in to either MB or Amp.

I'm guessing that if you fill in the form telling them that you were referred by MB and you're connecting to them because you already have access
that they will email you an MB license..... use that one.

http://www.ninjatrader.com/webnew/do...g_software.htm
  • #5,804
  • Sep 3, 2010 7:47am Sep 3, 2010 7:47am
Quoting Crassius
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...

Yes, 11.5.0.5 is the version I have installed but it is not working with either NT 6.5 or 7
  • #5,805
  • Sep 3, 2010 8:00am Sep 3, 2010 8:00am
[quote=Crassius;3998432]
Quoting bulegila

How about the license number?

Follow the video or instructions on the page that I gave you the link to... including entering the license number.

Double check your username and password. I have had username and password fail when copy and pasted, but work when entered by hand.

If all else fails, go to this page, fill out "I was referred by" blank with Mb Trading,

and click the radio button,

I have/will have access to one of the above listed connectivity providers.

Click Submit, and NT will email you a new...

Yes I have tried this but get the same license number, thanks for your help...
  • #5,806
  • Sep 3, 2010 8:08am Sep 3, 2010 8:08am
[quote=bulegila;3998529]
Quoting Crassius


Yes I have tried this but get the same license number, thanks for your help...

I'm out of ideas...

try technical service at 866-558-3342. They are usually very helpful.
  • #5,807
  • Sep 3, 2010 8:12am Sep 3, 2010 8:12am
Quoting mucropteltd
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 .....


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.
Try 5 minutes. I have noticed a disturbing pattern recently in MB's abilities in getting orders filled promptly. I can understand a delay in a thin, fast moving market like the few minutes after a major news release, but waiting 4 or 5 minutes to get a modest order filled on a major pair at any time is absurd, and ultimately costly. Anyone else noticed this?
  • #5,808
  • Sep 3, 2010 8:27am Sep 3, 2010 8:27am
Re Ninjatrader: You have to ask Ninja-support which version of Navigator is supported, its not really a MB issue. They have a support forum.
  • #5,809
  • Sep 3, 2010 8:34am Sep 3, 2010 8:34am
Justin: can you have the quote-servers checked out - they lag during the first 5 minutes of the NFP-release like 25 to 30 seconds behind other datafeeds. Im getting basically the same quotes from MB, just half a minute later. It was the same last month. After 5 to 10 minutes its back to normal.
  • #5,810
  • Sep 3, 2010 8:35am Sep 3, 2010 8:35am
Quoting Crassius
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...
Exactly. If anyone thinks Switzerland and Australia aren't going to 50:1, they can't read the leaves in the tea.
  • #5,811
  • Sep 3, 2010 10:11am Sep 3, 2010 10:11am
Quoting paulng
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...
Paulng,

With all due respect to your programming skills and knowledge, which I wouldn’t want to assume anything about, I have checked with the top programmers of the ECN. There are a variety of reasons that the ECN accepts only GTC orders, and the ECN functions well this way. Without that feature, there would be other issues that would arise. MT4 has been plugged into the ECN and must operate accordingly. I’m sorry if it causes you extra programming work or is not ideal for your situation, but I don’t just respond to questions on these boards without being sure of what I say. The ECN is GTC only, and thus, our MT4 execution is as well. There will not be an adjustment on this as they have considered and addressed this situation thoroughly in the past and come to this conclusion. When you say that we have “managed to overcome all obstacles to bridge the MT4 platform to ECN,” I would agree with that statement. It was not easy and I don’t believe that there is another solution out there that actually does this in reality no matter what many say. And thus, in overcoming all of these obstacles, we had to address many variables early on that no other broker did. And while I can’t speak to all of the logic for business reasons, I can tell you that the ECN is GTC only and has to be, and thus, so do all orders routed to the ECN by us, including this Third Party Software known as MetaTrader 4.
  • #5,812
  • Sep 3, 2010 10:13am Sep 3, 2010 10:13am
Quoting pavikogm
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...
Pavikogm,

From the looks of your screenshot, you were long, thus that price was not a S/L but a T/P, in which case I would like to investigate, but I need your account info (send privately please). Did you ask support or the trade desk about this? If you don’t go to them, no one can help with the situation. Assuming it was a T/P, you should have been filled at your T/P price or better. I haven’t heard of anyone getting filled at a worse price than T/P since we switch how it works with both T/P and S/L about a month ago.

However, there’s no extra control to banks. They are routed an order if they are the best price, and that’s it. They have to take a print. What you perhaps are not accepting is that we often send hundreds of orders per second, so the idea that just because you didn’t get filled at the price you see doesn’t mean that the bank didn’t take plenty at that price. But please private me account number and order details and I will look into it.
  • #5,813
  • Sep 3, 2010 10:16am Sep 3, 2010 10:16am
Quoting mucropteltd
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...
Mucropteltd,

The best solution is probably to give me in private an order ID after the fact to look at and then we can discuss it on these boards to see what is going on. I would always suggest the Desktop and Desktop Pro platforms over MT4 for execution unless you are running EAs.


[email protected]
  • #5,814
  • Sep 3, 2010 11:50am Sep 3, 2010 11:50am
Quoting jleblang
From the looks of your screenshot, you were long, thus that price was not a S/L but a T/P, in which case I would like to investigate, but I need your account info (send privately please). Did you ask support or the trade desk about this? If you don’t go to them, no one can help with the situation. Assuming it was a T/P, you should have been filled at your T/P price or better. I haven’t heard of anyone getting filled at a worse price than T/P since we switch how it works with both T/P and S/L about a month ago.
Thanks. It must be my bad English It was TP and it was closed not worse than my TP price but it was not closed for quite a long time after Bid price was much higher than my TP price (so it was closed much worse than should, but not worse than my TP price ). Bid price went more than 5 pips (50 points) higher than my TP and then slowly was droping. During that slow drop MBT was asking Bank to fill my TP but with no result. It's just working exactly like you've described the algorithm and I understand that now nothing can be done with trade desk, so I didn't contact them. I'm just presenting that strange things can happen with this kind of processing orders (when additional confirmation is needed from bank to agree on price even though limit orders are on queue and are visible to all in Market Depth window) and I'm "silently" hoping that maybe in the future the algorithm can be changed to be more similar to the stock exchange. Eg. when bank (animator) provide 1000 lot at bid price 1.2840 then orders (limit orders) with ask price lower than that price are filled immediately without the need to rout every order to that bank for another confirmation of price (during the time of that confirmation price can change and Bank will refuse to execute that order even though the Bank itself was asking that price).

Regards
  • #5,815
  • Sep 4, 2010 10:22am Sep 4, 2010 10:22am
Hello Justin,

Could you please make it clear to me what happened to this trade of mine last night? Is this what is called as slippage during news release time?

So sorry for the seemingly stupid query but i just wanted to make sure.

AJ:

sell limit order at 77.350 (triggered @ 77.661)
stop loss at 77.550 (triggered @ 78.001)

Kindly see attached chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: AJ.png Size: 165 KB
  • #5,816
  • Sep 4, 2010 8:27pm Sep 4, 2010 8:27pm
Quoting Tauru$
Hello Justin,

Could you please make it clear to me what happened to this trade of mine last night? Is this what is called as slippage during news release time?
Don't fall for it.

Slippage never happens.



If you are trading during News times what do you expect?
  • #5,817
  • Sep 5, 2010 3:37am Sep 5, 2010 3:37am
just stick with trading majors and all your problems will be resolved, i just don't get it why people wants to play other pairs since all the advantage in terms of spreads and liquidity are in the majors
  • #5,818
  • Edited 6:17am Sep 5, 2010 5:43am | Edited 6:17am
Admittedly, I have a very limited knowledge about trading during the news.

I did not intend to trade during news announcements. They were pending orders hours before the release of the news and I just forgot to cancel those orders.

I just regard it as a rookie mistake. A costly mistake at that.

I’ve been on live account for two days. And then I ran into this news trading.
Suffice it to say, my very first time to experience such a weird trade.

But guess what? Trading during news release caught my curiosity.

I’ve searched the net for some infos regarding the dangers and rewards associated with trading it.

Nothing I found.

If there is a thread or threads that provides valuable information as to the advantages and/or disadvantages in trading during news times. Its risks. Its benefits.
Kindly post the link here.

Everyone's valuable inputs on this matter is highly appreciated.

Happy trading.
  • #5,819
  • Edited 7:47pm Sep 5, 2010 6:11pm | Edited 7:47pm
Apologies if this has been asked before... I have just downloaded the MB MT4 implementation on demo and just fired it up to see what differences there are with a no dealing desk implementation.

I have attempted to place a buy limit beneath the market price and sell limit above the market price as a test (not any particular strategy, just testing the order system). However, I get 'off quotes' when I try to do this, and the same occurs when I place a market order. Stop orders work as expected.

Can anyone tell me what the issue is please? Does MB not allow limit orders to be placed?

TIA

Edit: I am based in UK and have just realised that the platform is EST time. Are there trading hour restrictions in place because of this? If so, how am I able to place a stop order then?

Update: Had an email from James from MB who advised me that as I had signed up after Friday rollover, my demo account will not be active until tomorrow 5pm EST. Not sure how I was able to place a stop order... presumably a glitch somewhere. I'm impressed with MB's customer service so far as they are willing to respond even though its still Sunday!
  • #5,820
  • Sep 5, 2010 10:19pm Sep 5, 2010 10:19pm
Quoting Tauru$
Admittedly, I have a very limited knowledge about trading during the news....
Just a quick look found this:

http://www.tradingmarkets.com/.site/...les/-77148.cfm

You're better off looking in the trading section instead of here. By the way, that's what the calendar section is for, to see when news will be released and what impact it will have. Non-farm payroll can be brutal. I stay out myself.
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