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MB Trading Futures - Introduction

  • #6,041
  • Dec 3, 2010 10:01am Dec 3, 2010 10:01am
Quoting shrike
They lag everytime on major figures, sometimes more than 20 seconds. Dont trust the data you see until 10 minutes or so after the release and get a 2nd/3rd data-source to cross-check quotes. If you have to trade during this time, use limits - price may be 50 pips away from what you see on your screen.

Unfortunately, MB appears not to acknowledge that there is an issue.
Shrike,

It's important to recognize there is a distinction between MBT being latent and our banks on the system being latent. However, when we notice latency, we identify those banks and then remove them until later when we are comfortable that they no longer latent. The process of identifying those banks and removing them takes a little time; usually about 30 seconds.


  • #6,042
  • Dec 3, 2010 10:22am Dec 3, 2010 10:22am
Quoting jleblang
Shrike,

It's important to recognize there is a distinction between MBT being latent and our banks on the system being latent. However, when we notice latency, we identify those banks and then remove them until later when we are comfortable that they no longer latent. The process of identifying those banks and removing them takes a little time; usually about 30 seconds.

It looks to me that the entire quote-server(s) is behind - not individual banks. Its showing the same quotes as other brokers, just 15 seconds later in time. The situation gets better a few minutes after the news release. Maybe it just needs more hardware or switching to snapshot quotes instead of tick-by-tick when the load is to high on the server.
  • #6,043
  • Dec 3, 2010 11:05am Dec 3, 2010 11:05am
Quoting IndyTrader
I have e-Signal with the TDFX feed. Can you give me an example of a date/time and pair where you get this so I can have a look also?
The most obvious occurred 12/1 around 10:50am CST. Have a look at the minute or smaller time frames.

Today's data seemed to print just fine.

However, the platform itself had inverted quotes...
  • #6,044
  • Dec 3, 2010 11:48am Dec 3, 2010 11:48am
Hi Justin,

Do you think it's possible to ask/urge your liquidity providers to make a more serious spread for the eurjpy (and other pairs). I love to trade that pair and do so with various accounts I have with different brokers. I know the IB idealpro spread for eurjpy is great and maybe not achievable for all brokers, but MBT has spreads twice as large.
I am happy trading with you, the spreads on some pairs should be lower though.

Thanks,

pbb

Quoting jleblang
Walcott,

Thank you for your interest in MBT.

1. Yes. We don't place any restrictions on Stop or Limit orders and if you'd like, you can even place an order between the spread.

2. Average spread is .8 - .9 pips.

3. During normal trading hours slippage should be a non-issue. Not saying it can't happen, but more often than not you won't experience any.

Let me know if you have any other questions.
  • #6,045
  • Dec 3, 2010 12:38pm Dec 3, 2010 12:38pm
I will agree with what is being said here regarding serious lag issues with the MT4 platform. There was again serious lag issues this morning during NF payroll. I understand that it's a very busy/chaotic time, but we should at least be given a fair opportunity to get in on a news trade if we want. It was a good 5+ minutes till everything got right again. In the meantime, I had the price feed up on Navigator and it appeared to be staying with the price but everything was upside down. In other words the Bid was more than the Ask, noticeably, but it was at least changing price where MT4 just froze. Also, the Navigator platform straightened out quicker than MT4. Why is one more true than the other?

I don't want to get in right at newstime, but when I do get in later (normally about 5 minutes later) I do want to make sure that I'm getting an honest and reliable feed and it will NOT freeze on me. I don't feel that I'm getting that now. I'm seeing more of this freezing recently than I did months ago. I got stung during NF Payroll last month, yes that is my responsibility/problem, so I was watching this closely today and also had both price feeds up. My biggest concern is that I've also seen this lag during non-news times when price just starts moving quickly. I can work around the news time if there is a problem, but I can't work around these others. I must say that I have become very concerned about all of this. While everyone I chat with is very friendly and accomodating, I do believe that this is not being addressed adequately on a larger scale within the company.

I have inquired about the VPS because the promotion and refund of the payment is very fair. I do have concerns that I will see the same situation there so am hesitant to go through the work to get all of that in place. I have no interest in going to another broker because overall I give MB Trading a good rating. But I would like to see this lag issue addressed for all of us who are having to deal with it.

Enough for my Friday afternoon ramblings. I look forward to hearing from Justin and others here.

Steve
  • #6,046
  • Dec 3, 2010 6:14pm Dec 3, 2010 6:14pm
Quoting jleblang
Styngray,

Stocks, Futures and Options can all be traded from one account with a min deposit of $1000 for a cash account. Forex requires a separate account and the minimum is $400.

I should also mention that you can have one master username for both accounts, and trade from the same platform via a simple toggle between the two.
Hi, I'm thinking of opening an acct with MB.
Want to make sure you can trade futures from cash acct of 1k deposit. Thought one needed a margin acct to trade futures. And is there minimum balance maintenance level if it slips under 1k.
What is the minimum fx lot size one can trade at MB? My understanding is 1 minilot or 10000 units?
Also, to trade both futures and fx one needs deposit of 1k or 1k+.4k?
Thank you.
  • #6,047
  • Dec 5, 2010 6:49pm Dec 5, 2010 6:49pm
I am seriously considering pulling all my funds out of Oanda and going to MBT.

The instability of Oanda's platform and it's slippage during times of high volatility is completely unacceptable.

That being said, I dont want to trade one bad for another. Maybe all brokers have problems around NFP and other high volatile times so...

Are there any here who trade live with MBT during News (or very soon post news, like 30 sec after) and can tell me what their experience has been.

Although we must experience slippage during High Volatility, how bad is it with MBT?

How is execution during high volatility? How long for trade to go through?

What is the average spread of EU widened too during High Volatility?


Thank you for your answers in advance.

If it's good I am going to go with MBT Tuesday and also order the NT subscription.

Mike
  • #6,048
  • Dec 5, 2010 7:54pm Dec 5, 2010 7:54pm
Quoting Pip Ventures
I am seriously considering pulling all my funds out of Oanda and going to MBT.

The instability of Oanda's platform and it's slippage during times of high volatility is completely unacceptable.

That being said, I dont want to trade one bad for another. Maybe all brokers have problems around NFP and other high volatile times so...

Are there any here who trade live with MBT during News (or very soon post news, like 30 sec after) and can tell me what their experience has been.

[b]Although we must experience slippage during High Volatility,...
It really depends more about how fast the market moves on the news. If it jumps dramatically because the number beat or missed badly, then you'll have more issues with execution. The nice thing about MBT is that they give you such good order types, so you can prevent slippage however you want. It might mean that you won't get an execution if the market literally jumps, but at least you won't get filled at the top or bottom when things stop moving. I'm not a big news trader, but overall, I have been extremely happy with MBT. The last six months, in particular, they have been doing great work and I've seen more stability with the platform.
  • #6,049
  • Dec 6, 2010 10:22am Dec 6, 2010 10:22am
i know this is has been discussed earlier, but i want to make sure about this...

how much is in account to get Margin Call / Forced to close a position if account balance is less than required?

Minimum account size to open a position = $100

let say i have $10.000 account balance then i open a position with Margin requirement for that position is $3000

so what i have left in account is $7000

1. if that position is become floating minus let say -$6900, what would happen?
2. if that position is become floating minus let say -$6901, what would happen?
  • #6,050
  • Dec 8, 2010 1:29pm Dec 8, 2010 1:29pm
Quoting jleblang
Shrike,

It's important to recognize there is a distinction between MBT being latent and our banks on the system being latent. However, when we notice latency, we identify those banks and then remove them until later when we are comfortable that they no longer latent. The process of identifying those banks and removing them takes a little time; usually about 30 seconds.
Quoting shrike
It looks to me that the entire quote-server(s) is behind - not individual banks. Its showing the same quotes as other brokers, just 15 seconds later in time. The situation gets better a few minutes after the news release. Maybe it just needs more hardware or switching to snapshot quotes instead of tick-by-tick when the load is to high on the server.
Today i Faced the same problem , It take Long time to execution my order!
  • #6,051
  • Dec 9, 2010 9:16am Dec 9, 2010 9:16am
Quoting IndyTrader
I have e-Signal with the TDFX feed. Can you give me an example of a date/time and pair where you get this so I can have a look also?
Here is an example from today:

http://i51.tinypic.com/qs40uh.png

Back to FXCM's feed again...
  • #6,052
  • Dec 9, 2010 9:22am Dec 9, 2010 9:22am
I don't know how many times we have to post this on the forum, but I am now at my wits end. I do not want to switch brokers, but the lag on MT4 is absolutely horrible. I had it again this morning at 10:03am ET. Price froze and then jumped very quickly a couple of different times. As I've mentioned in previous posts, I've had this many times in the past few months and none before that. If it's a problem with MT4, then please let me know. All I get is that "maybe by switching to the VPS it will be better" or "the Navigator should be the same". But yet when I compare Navigator and MT4 it appears it doesn't run into the lag, at least in the Navigator demo environment.

I'm just looking for some "clear" direction. That's all. And there have been other posts in recent pages that have run into this same thing, but yet there has not been one recent answer regarding our woes.

Again, I don't want to switch brokers. I just want some clear direction. Can somebody help with that?

Steve
  • #6,053
  • Dec 9, 2010 9:44am Dec 9, 2010 9:44am
Quoting bugscoe
Here is an example from today:

http://i51.tinypic.com/qs40uh.png

Back to FXCM's feed again...
Interesting. I had the same chart up (EURUSD 1-minute). Looks like I'm in a slightly different time zone from you, but that shouldn't matter. Here's the same period on the chart...all clean...(attached)

Strange.
Attached Image
  • #6,054
  • Dec 9, 2010 9:57am Dec 9, 2010 9:57am
Quoting IndyTrader
Interesting. I had the same chart up (EURUSD 1-minute). Looks like I'm in a slightly different time zone from you, but that shouldn't matter. Here's the same period on the chart...all clean...(attached)

Strange.
Thanks for posting. My chart too is clean. I was in a trade that was executed before price began to move quickly. It was then as I was monitoring it that there were serious lags in price waiting to get caught up with itself. It did not affect what is shown on my chart.

I have chatted with MB Trading and they are trying to assist. This has happened before and does not necessarily affect the chart. Prices get inverted in fast moving markets and have to catch up. You'll particularly see this in Navigator. That makes logical sense. And I would expect that during news time where I've seen that. But during the middle of the day when price just begins to move quickly....well, that is unacceptable to me. We'll see where all of this goes.
  • #6,055
  • Dec 9, 2010 10:00am Dec 9, 2010 10:00am
Quoting SteveW
Thanks for posting. My chart too is clean. I was in a trade that was executed before price began to move quickly. It was then as I was monitoring it that there were serious lags in price waiting to get caught up with itself. It did not affect what is shown on my chart.

I have chatted with MB Trading and they are trying to assist. This has happened before and does not necessarily affect the chart. Prices get inverted in fast moving markets and have to catch up. You'll particularly see this in Navigator. That makes logical sense. And I would...
Right, but you are talking MT4 and the chart he showed with the gaps was e-Signal, but I didn't have the gaps.
  • #6,056
  • Dec 9, 2010 1:29pm Dec 9, 2010 1:29pm
Quoting IndyTrader
Interesting. I had the same chart up (EURUSD 1-minute). Looks like I'm in a slightly different time zone from you, but that shouldn't matter. Here's the same period on the chart...all clean...(attached)

Strange.
Your minute chart looks identical to mine. Change yours to a 30sec time frame and see if you get the same look as the one I posted. I'm guessing you will given our match on the 1min.
  • #6,057
  • Dec 9, 2010 1:34pm Dec 9, 2010 1:34pm
Here is my 1min:

http://i51.tinypic.com/2ziqvle.png
  • #6,058
  • Dec 9, 2010 2:40pm Dec 9, 2010 2:40pm
Quoting bugscoe
Here is my 1min:

http://i51.tinypic.com/2ziqvle.png
Sorry, I didn't notice that you were using the 30s, I didn't look very carefully. I do get that gap at that bar, but there isn't any missing data. That's just a price gap at that time. It's would be one thing if there was time data missing (I have seen that when the feed jams up). If you get into a small increment like 30s, it just means that you found one point in the day where the bid changed and the next bid down (in this case) was a small gap and that jump occurred exactly from the end of a bar to the start of the next. That's like using tick data, the price jumps around. It's not like it moves exactly in 0.1 pip increments. I switched my chart to 30s, I do get the same gap, but I see nothing wrong with that. I would have a problem with it if there was a bar for 08:07:00 then 08:07:30 and then the next was, let's say 08:09:00, which would mean that the feed stopped for 90 seconds or so. That isn't what happened though, you just have a price gap from the end of one bar to the start of the next, and that's perfectly fine and normal.
  • #6,059
  • Dec 9, 2010 3:06pm Dec 9, 2010 3:06pm
Quoting IndyTrader
Sorry, I didn't notice that you were using the 30s, I didn't look very carefully. I do get that gap at that bar, but there isn't any missing data. That's just a price gap at that time. It's would be one thing if there was time data missing (I have seen that when the feed jams up). If you get into a small increment like 30s, it just means that you found one point in the day where the bid changed and the next bid down (in this case) was a small gap and that jump occurred exactly from the end of a bar to the start of the next. That's like using tick...
IndyTrader is correct. Charts in FX are just bids, so let’s say that a bid is 1.5011 and then someone puts in a buy order at 1.50122, which is 1.2 pips higher, but it is below the ask. The bid now becomes that price, which is a 1.2 pip jump. If they cancel, it drops back to the 1.5011 unless someone else moved in between. If the bid is 1.5011 and then the move up to 1.50122 happens right at the end of the 30 second interval of a chart, the next bar would start at 1.50122 of course. That’s all I see on that chart, there’s no missing data, and the ticks are all valid.
  • #6,060
  • Dec 9, 2010 7:02pm Dec 9, 2010 7:02pm
As many of you know from my recent posts during the past week, I have had some issues with lag in MT4. Customer service has always been helpful, but we've never been able to solve the issue. Today was an afternoon spent with them going through my issues. Their assistance went well beyond my expectations. After going through their customer service chat and advised to send an email, the response and clarity of their reply was excellent. A series of emails followed and they suggested that the fact that I'm in Jamaica might contribute to the problem and suggested that I try their VPS, which I am going to do. I will report back to everyone after I've made all of my changes and used it a bit.

Thanks to all of you who were involved with this today. Your assistance was greatly appreciated.

Steve
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