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MB Trading Futures - Introduction

  • #5,941
  • Oct 15, 2010 8:21am Oct 15, 2010 8:21am
Justin,

I have a question. When I have a trade open and it shows the margin level as a percentage, at what percentage is the account over margined and the account is closed. I entered a trade the other day and the window with the info in it turned pink. Didn't know what that meant so I closed the trade.

Thank you for providing this thread to keep us informed. It is the reason I opened my account with MB. Well researching brokers I found no other broker willing to discuss and solve problems in a public forum like this.
  • #5,942
  • Oct 15, 2010 9:16am Oct 15, 2010 9:16am
hi i wonder how to reverse an order in metatrader4, i try to write a script for it but it always end up with error, no hedging policy
  • #5,943
  • Oct 17, 2010 10:11pm Oct 17, 2010 10:11pm
Justin - quick question - I am somehow unable to find past webinars made available for download - as I live in Asia, the present timing is often not suitable for me to attend.... I am particularly interested in the Ninja Trader webinar tomorrow... Thanks for directing me to the right place....
  • #5,944
  • Oct 17, 2010 11:20pm Oct 17, 2010 11:20pm
I just got filled on my first trade since the CFTC regulations went into effect. As I mentioned before, it has ZERO effect on my trading.

I watched a presentation this weekend from someone from one of the major forex brokers, and he pretty much said a big reason that the new regulations came about was that there were so many complaints out there by novice traders blowing out their accounts, so they tried to do something to protect these novice traders. How ironic, the same people who are whining about these new regulations are the reason they were put into effect to begin with.

This should be a good thing. Hopefully the traders who have no business trading will be weeded out somewhat and we can put to rest all these nonsense claims about the brokers. My good trades and my bad trades fall on my shoulders, not the brokers. The same holds true for these novice traders blowing out their accounts trying to find someone to blame.
  • #5,945
  • Oct 18, 2010 12:25am Oct 18, 2010 12:25am
hi justin,i have a few questions with regards to the new changes
1.In the past(prior to CFTC's new rules),one can enter a position if its balance is $100 or more,margin call level at 1%,with leveraging at 1:100
2.Now,with new leveraging at 1:50,whats the new margin call level and whats the minimum amt needed in the trading acct before a position can be placed? thanks!
  • #5,946
  • Oct 18, 2010 1:45am Oct 18, 2010 1:45am
Quoting fxking
hi justin,i have a few questions with regards to the new changes
1.In the past(prior to CFTC's new rules),one can enter a position if its balance is $100 or more,margin call level at 1%,with leveraging at 1:100
2.Now,with new leveraging at 1:50,whats the new margin call level and whats the minimum amt needed in the trading acct before a position can be placed? thanks!
I called MB and was told it is 2%.
  • #5,947
  • Oct 18, 2010 1:52am Oct 18, 2010 1:52am
Bump for all questions below. still awaiting for response.

Quoting squaw
Hi Justin,

I bet this has been discussed here, but flicking though 300+ pages would take ages..

Anyways i'll try mu luck asking.

I am trading live with FxPro everything is decent, but just want to test waters with MB if you know what i mean

1. Main thing is compatibility of the EAs that i use with instant execution at fxpro - will they be working with MBTs MT4?

2. How would you compare execution?

3. Can i use multiple platforms with one account?

4. Who are your counter parties?

5. What is the maximum i can trade "per...
  • #5,948
  • Oct 18, 2010 2:55pm Oct 18, 2010 2:55pm
Quoting mobthehop
Justin - quick question - I am somehow unable to find past webinars made available for download - as I live in Asia, the present timing is often not suitable for me to attend.... I am particularly interested in the Ninja Trader webinar tomorrow... Thanks for directing me to the right place....
mob,

Please email [email protected] to request a specific webinar recording.
  • #5,949
  • Oct 18, 2010 2:58pm Oct 18, 2010 2:58pm
Quoting mdiz2
Justin,

I have a question. When I have a trade open and it shows the margin level as a percentage, at what percentage is the account over margined and the account is closed. I entered a trade the other day and the window with the info in it turned pink. Didn't know what that meant so I closed the trade.

Thank you for providing this thread to keep us informed. It is the reason I opened my account with MB. Well researching brokers I found no other broker willing to discuss and solve problems in a public forum like this.
mdiz2,

Below 2% margin would be considered over leveraged.

More details with examples can be found here: MBT CFTC
  • #5,950
  • Oct 18, 2010 3:13pm Oct 18, 2010 3:13pm
MT4 platform is showing incorrect margin required value and derived values like "Margin level" etc. Please correct this ASAP!

Example:
10.0 lots for EURUSD shows $2000 Margin required instead of about $2800
10.0 lots for GBPUSD shows $2000 Margin required instead of about $3200
  • #5,951
  • Oct 18, 2010 3:17pm Oct 18, 2010 3:17pm
Quoting pavikogm
MT4 platform is showing incorrect margin required value and derived values like "Margin level" etc. Please correct this ASAP!

Example:
10.0 lots for EURUSD shows $2000 Margin required instead of about $2800
10.0 lots for GBPUSD shows $2000 Margin required instead of about $3200
pavikogm,

Please private message me a screenshot of this with your account number. I have a EURUSD trade live in MT4 now and it is using $2800 as it should (not $2000).

[email protected]
  • #5,952
  • Oct 18, 2010 3:18pm Oct 18, 2010 3:18pm
Quoting fxking
hi justin,i have a few questions with regards to the new changes
1.In the past(prior to CFTC's new rules),one can enter a position if its balance is $100 or more,margin call level at 1%,with leveraging at 1:100
2.Now,with new leveraging at 1:50,whats the new margin call level and whats the minimum amt needed in the trading acct before a position can be placed? thanks!
fxking,

Minimum balance to place a trade remains $100, and positions will be closed if the account exceeds 2%.
  • #5,953
  • Oct 18, 2010 3:28pm Oct 18, 2010 3:28pm
Quoting squaw
Hi Justin,

I bet this has been discussed here, but flicking though 300+ pages would take ages..

Anyways i'll try mu luck asking.

I am trading live with FxPro everything is decent, but just want to test waters with MB if you know what i mean

1. Main thing is compatibility of the EAs that i use with instant execution at fxpro - will they be working with MBTs MT4?

2. How would you compare execution?

3. Can i use multiple platforms with one account?

4. Who are your counter parties?

5. What is the maximum i can trade "per click"?

6. How...
Hi Squaw-

Sorry for the delay, I was out of town the last couple days.

 

  1. Please view our YouTube video (three parts) for detailed answers to this.
  2. I don’t know how execution is at other brokers, so I can’t really compare.
  3. Not yet.
  4. We have over a dozen primary banks, plus secondary destinations, other dark pools of liquidity, and our entire customer base providing liquidity on the ECN. Everyone is treated equally and anonymously
  5. 10,000 lots.
  6. It does depend on a zillion things, so tough to answer. Obviously, the most likely time for liquidity to be pulled is on major news events.
  7. That is not correct. Banks will take any size if you get the right deal with them. That concept has been floated around the Internet for years and was never correct. If I offer to send enough trades to a bank, they’ll take it in any size.

  • #5,954
  • Oct 18, 2010 11:57pm Oct 18, 2010 11:57pm
Quoting jleblang
fxking,

Minimum balance to place a trade remains $100, and positions will be closed if the account exceeds 2%.
justin,do u mean if the balance FALL BELOW 2%,the existing position WILL be closed automatically?? What do u mean by EXCEEDS 2%,i thought its the other way round?
  • #5,955
  • Edited 1:54am Oct 19, 2010 1:40am | Edited 1:54am
[quote=jleblang;4104744]fxking,

Minimum balance to place a trade remains $100, and positions will be closed if the account exceeds 2%.[/quote,

FYI,

MB Trading website states $200 minimum to open a trade:

"Margin leverage is 50:1
The margin requirement on a $100,000 contract is 2%
$100,000 is equivalent to 10 lots
Account value must be above $200 to open a new Forex position."
  • #5,956
  • Oct 19, 2010 3:18am Oct 19, 2010 3:18am
[quote=panictrader;4105773]
Quoting jleblang
fxking,

Minimum balance to place a trade remains $100, and positions will be closed if the account exceeds 2%.[/quote,

FYI,

MB Trading website states $200 minimum to open a trade:

"Margin leverage is 50:1
The margin requirement on a $100,000 contract is 2%
$100,000 is equivalent to 10 lots
Account value must be above $200 to open a new Forex position."
thanks for your information,but Justin mentioned that it it $100 and MBT's website says its $200,so which is which now? Can u pls clarify this asap,thanks!
  • #5,957
  • Oct 19, 2010 10:00am Oct 19, 2010 10:00am
Quoting fxking
justin,do u mean if the balance FALL BELOW 2%,the existing position WILL be closed automatically?? What do u mean by EXCEEDS 2%,i thought its the other way round?
Yes, once the account exceeds 50:1 leverage as a whole (less than 2%), positions will be sold out.
  • #5,958
  • Oct 19, 2010 10:02am Oct 19, 2010 10:02am
[quote=fxking;4105989]
Quoting panictrader

thanks for your information,but Justin mentioned that it it $100 and MBT's website says its $200,so which is which now? Can u pls clarify this asap,thanks!
From a technical standpoint the system allows you to place a trade if you have at least $100, but this will most likely generate margin issues depending on the size and currency pair you trade.
  • #5,959
  • Oct 19, 2010 10:56am Oct 19, 2010 10:56am
[quote=jleblang;4107213]
Quoting fxking

From a technical standpoint the system allows you to place a trade if you have at least $100, but this will most likely generate margin issues depending on the size and currency pair you trade.
justin,so that means $100 is the minimum amt that is needed to place a trade,not $200,ya? Then,why does the website says its $200? thanks!
  • #5,960
  • Oct 19, 2010 11:01pm Oct 19, 2010 11:01pm
Do not believe what Jbelang says.....the maximum order per click is only 500 lots. They lie to u saying 10,000lots. Do not believe any words they say. They are just a marketing like any other brokers. They do stop hunts too....
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