MB Trading Futures - Introduction

how far off are you from offering AUD account denomination?

I note new customers have a choice of USD, EUR and GBP now... AUD next?

I would like to know the average spread for the major pairs with MBTrading:

EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD

I have an indicator on Ninjatrader (that i use live with a live MB account) that plots for me the spread, but as soon as I reset the chart or change something it goes away. I would like to track these instruments over the day not including volatility events where the spikes occur.

Has anyone done this and if not, do you have a way to track it?

FuturesTrade,

Per fxintel.com using a 12 day average:

 

1. EURUSD .8
2. GBPUSD 1.8
3. AUDUSD 1.9
4. NZDUSD 2.9
5. USDJPY 1.0
6. USDCHF 1.4
7. USD CAD 2.3

HI. I'm new to ForexFactory and just joined this forum because I'd like to ask few questions on MB trading MT4 service.

1. I can't seem to locate the roll over rate for AUD/USD. Can you tell me where I can find the info?
2. So is the minimum lot size using MT4 $10,000 ?

Thanks in advance.

What are you currently using as the "indicator"?

NT 7 has Bid Ask and Last price data. When you have a chart open, all those price types are coming down the feed, and your indicator... whetever it is would work fine, as it must have bid and ask to work.

Mb Trading does not provide Historical Bid and Ask data. When your chart is open you are getting the data live, but if you take an action that causes the chart to reload its data from Mb's Servers, it no longer has the Historical Bid and Ask data, so there is no data for it to work w/... hence it "disappears".

You should read the page in Help>>>Contents>>>>Operations>>>Data Grids>>>>Historical and Real time Data. It will help you understand data, how it differs from various data providers, and how Ninja Trader will use the data, hence how it will behave.

Not understanding the differences in data is a leading cause of confusion for many people, so take the 7 minutes and read that whole section. It's time well spent.

If you have "Save chart data as historical" checked under Tools>>>Options>>>Data, the bid and ask live data will get stored on your hard disk and become your historical data.

So then when you open the chart again, Ninja Trader will go to the hard disk, pull out the historical bid and ask data you have saved, and use it in the indicator.... It will recalculate bar by bar every bar in the chart till it gets to the current bar.

That sounds like it would solve your problem, but it won't for long. If you also have Get Data From Server checked on the Data tab, when you start up NT again or ask it to refresh your data, it will go out to MB's server, and write over all the data from the same dates you have saved on your hard disk as historical data...about the last two weeks worth, and in so doing, you will lose all the historical bid and ask data you have saved. Now your indicator will be blank again.

You could uncheck "Get Data From Server", but then you will never be able to get a backfill of data to fill in any gaps that may exist in your collected, and locally stored data. You can try that, and it'll work for you until your computer is off for a couuple of hours when the market is open, and you do't have any data from those two hours. The only way to fill in the missing data is to check "Get Data Froim Server" and reload all historical data..... which will wipe out your saved historical bid ask data.
This will inevitably happen... you will need a backfill sooner rather than later.

NinjaTrader 7 is a fantastic platform that does everything better than anything else MB Trading has... even fully automated trading.

I hope lots and lots of you check it out and switch over to it, so we can have a large install base and MB will make a few changes that we need.

We need every tick of historical data on the bid, ask and last. Currently, we get only a snapshot of tick based data on the last as historical data for two week only.

Mb has always been very responsive to customers requests. Currently Gain is the only FX connectivity provider for NinjaTrader that provides backfill tick data on the bid and ask. Duskascopy, Oanda, and Gain all provide free historical data files going back as much as ten years, so their customers can get a large data set to test and develope their trade ideas against.

I hope MB Trading will follow their lead, and give their customers the data we need to effectively use the fantastic new platform NinjaTrader NT 7 will be on final release..... which is just around the corner... Release Candidate 1 is the current release.

Hi Crassius,

I hope MBT would do it.

So used to look at Gain Feed and when they no longer offer it for free I have to switch to MBT feed.

Looks weird and requires time to learn my setup again.

I was using Ninjatrader 6.5 but MBT dont have historical backfill.

I dont want to use version 7 since its on beta. Now its on RC and MBT historical feed is available.

They used to provide historical bid/ask ticks over their API in the past, but stopped it some time ago. Now only bid ticks are available (via the last-flag).
eSignal still provides their historical bid/ask tick data, but of course its not free.

P.S.: "last" is meaningless in fx markets. In mb's case it gets populated with bid-updates.

You are absolutely right about that shrike. I got caught up in my exhubrance in asking for everything...

Attached is a shot of the data each connectivity provider has... both eSignal and Kenitick would have the data he needs.

eSignal is overpriced IMO. If your trade size was large enough to justify the cost, they do have clean reliable data.

Kenetick is a new provider... I think its the NT guys by another name, but not sure... they are a lot cheaper than eSignal, but I have yet to use them so I can't vouch for the quality of the feed.

If the original posters trade size is large enough to justify the cost, either of these would make his indicator work.

Just remember though, you're starting the year in a deep hole of losses (expenses) you have to first climb out of just to break even.

Hi shrike,

Why did Mb stop?

They did it like you say. So what change?

I hope they not going to say the cost for collecting/storing bid, ask and last tick data since they done it before.

Small retail trader dont need the extra data feed cost to add to spread and commission.

I'd just like to take a moment to thank MB for a very smooth last several months of trading. Other than the one outage back on 6/16, I haven't had a single trading hiccup for a long time. Very impressive, and you have come a long way.

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I've raised a question but no one didn't answer.
So I'm putting the question again.

I've downloaded MB Trading MT4 version and logged in a demo server and I checked the property of AUD/USD and the rate looks strange.

Long : 1.5, and Short -4.1.

Does this mean MB pays at 1.5% rate if I have long position and I pay 4.1% when I'm short?

AFAIK, AUD official rate is 4.75% and USD is 0% so it should be somewhere 3 ~5%, right?
Oanda and Gomarkets and FXCM' rates are somewhere between 3 - 5% mark.

Apue,

We are aware the rate is off slightly from other brokers and we will be adjusting it next week.

Thank you.

Group:

We updated our swaps over the weekend, please take a look.

Finally they are close to reality

Hi, why cant I get M5 history of USD/CHF older than this years june on real MT4 account?

What is fidelity bond? and how does it protect traders?
also does your SIPC coverage extend to FX? or it is only for Equity and Options?

http://lmgtfy.com/?q=fidelity+bond

Hi Justin,

Does MB offer all these pairs for trading? MB website states 28 pairs only if i remember correctly. new to this thread, btw.

Thanks.

I C A lot of real effort in last months And things getting much better
Keep the good work and appreciate all the hard work from everyone @MBT

Just one thing Hope i can trade mt4 By mobile phone soon ,Please let us know when the platform are ready

Thanks