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MB Trading Futures - Introduction

  • #6,081
  • Dec 17, 2010 9:04am Dec 17, 2010 9:04am
Quoting DrainBamage
That's very good news, Justin. But speaking about Android coming shortly, do you mean days after iPhone or maybe weeks, months?
Drainbramage,

I believe that we will have iPad, Blackberry, and Android covered in Q1. No specific dates based on beta testing, etc.
  • #6,082
  • Dec 17, 2010 11:30am Dec 17, 2010 11:30am
Quoting SnapCracklePip
I copy the entire installation root folder and all......but just to be clear I first install mt4 on the machine then I use my backup to copy the entire installation over the folder of the new installation. After that is done all I need to do is put in my password when trying to connect the first time with the "new" installation.

Then in order to keep all my installations identical (templates, indicators and profiles) about one or 2 times a month I copy over my main computer's installation folder to my laptop and netbook either over my network...
Thanks man, I'll give that a shot.
  • #6,083
  • Dec 17, 2010 11:56am Dec 17, 2010 11:56am
Quoting jleblang
If anyone has been waiting on a trading app for their iPhone from MB Trading, the wait is almost over. Visit MBT Mobile for more details and how to sign up. Droid and other devices coming shortly after the release of the iPhone application. Couple sneak peaks below for you.
Seems like every year @Xmax i ask for more service from MBT and i get it

In 2009 I request something and I'm happy with new improvement in 2010 but looking for some more
http://www.forexfactory.com/showpost...postcount=4262

In 2010
http://www.forexfactory.com/showpost...postcount=6040
And seems by new year It will b ready
Happy weekend to All
  • #6,084
  • Dec 17, 2010 1:47pm Dec 17, 2010 1:47pm
We just uploaded our commercials running on CNBC and Bloomberg in full 1080p HD on to YouTube if anyone is interested
  • #6,085
  • Dec 17, 2010 2:39pm Dec 17, 2010 2:39pm
[quote=egkid;4251374]Seems like every year @Xmax i ask for more service from MBT and i get it

MBT knows who has been naughty and who has been nice.

My Christmas wish is for more historical tick data available for backfill with the great, free.... and now in final release NinjaTrader 7 software.

Currently we only have 3 weeks worth... would be better to have 6 months worth, and ask data as well as bid data.

I think MB would be surprised how many people find MB through NinjaTrader, now that Gain has stopped supplying free backfill data to non-account holders. (Something the were doing for exposure to new customers... HINT HINT)

Many people in the NinjaTrader support forum ask what FX broker has data available, I tell them MB, but they get turned off when they only get three weeks worth of historical to backtest with.
  • #6,086
  • Dec 20, 2010 12:47am Dec 20, 2010 12:47am
Quoting SnapCracklePip
Then in order to keep all my installations identical (templates, indicators and profiles) about one or 2 times a month I copy over my main computer's installation folder to my laptop and netbook either over my network or via SDcard
I used to do the same except via FTP across 3 computers, 2 locations, and at least once per day. Dropbox.com (with selective sync of just those folders) has been a literal godsend..
  • #6,087
  • Dec 20, 2010 11:06am Dec 20, 2010 11:06am
[quote=Crassius;4251645]
Quoting egkid
Seems like every year @Xmax i ask for more service from MBT and i get it

MBT knows who has been naughty and who has been nice.

My Christmas wish is for more historical tick data available for backfill with the great, free.... and now in final release NinjaTrader 7 software.

Currently we only have 3 weeks worth... would be better to have 6 months worth, and ask data as well as bid data.

I think MB would be surprised how many people find MB through NinjaTrader, now that Gain has stopped supplying free backfill data...
Crassius,

I spoke to NinjaTrader this morning regarding this and they've informed me that 3 weeks of historical tick data is quite extensive as most datafeeds do not provide more than 30 days of historical tick data and usually no more than 3-12 months of historical minute data.

Ninja currently pulls 5-6 months of historical minute data from MB Trading at the moment.

I'm sure we can offer more in the future, but that is where we stand for now.
  • #6,088
  • Dec 20, 2010 11:21am Dec 20, 2010 11:21am
3 weeks of ticks is extensive, compared to paid services like eSignal or IQfeed. API-history is pretty solid and reliable, especially for a free service.

I think it would be good enough to provide more data for download via web-server as text or csv files, so everyone can import it to ninja or whatever other software themselfs. That wouldn't put any load on the history server for the api, and could contain more detailed data (bid + ask, and possibly depth).
  • #6,089
  • Dec 20, 2010 7:06pm Dec 20, 2010 7:06pm
Hey Justin

I have researched this thread and not found an answer too this problem. Does not mean it is not here just I can't find it. I feel there may be a bunch of customers running into this same problem so I thought I would hash it out here rather than in the MBT MT4 help section of MBT.
Say that 10 times fast.

Anyway, I recently upgraded 3 computers with Windows 7. Two where on Vista and one on XP. Re-loaded the MT4 platform set up my profiles and went into the "history center" to download data.

There is some data missing around Dec. 14 to Dec 16. The real strange thing (to me) is that it is not exactly the same on all three computers. Pretty consistent amongst the 9 pairs I follow . I have gone back into the "history center" but it says there is "no data missing". That's all I have. Any ideas.
  • #6,090
  • Dec 21, 2010 1:11am Dec 21, 2010 1:11am
[quote=jleblang;4255236]
Quoting Crassius

Crassius,

I spoke to NinjaTrader this morning regarding this and they've informed me that 3 weeks of historical tick data is quite extensive as most datafeeds do not provide more than 30 days of historical tick data and usually no more than 3-12 months of historical minute data.

Ninja currently pulls 5-6 months of historical minute data from MB Trading at the moment.

I'm sure we can offer more in the future, but that is where we stand for now.

Your attention to this matter is much appreciated. If that's the case, maybe we can get something less easy than just having it on the server and have it available in files for download for whomever would like to test with actual MBT ECN Data like your competitors do with their data here:

Like Dukascopy does here: http://freeserv.dukascopy.com/exp/

Like Oanda does here: http://www.oanda.com/currency/historical-rates

Like FXCM does here: http://forexforums.dailyfx.com/free-...ical-data.html


People want to test with the same data they will be trading with. We have a great ECN with prices that don't flutter like some places, or have other nuances that make each liquidity pool different, and the data different.

I think if MB invested in making this data available... even if just CSV files for download and use in NinjaTrader or whatever people are developing in, it will attract more customers to MB, more than outweighing the cost in the long run.

Thanks for looking into it.
  • #6,091
  • Dec 21, 2010 2:50am Dec 21, 2010 2:50am
Why is there STILL no OCO (Order Cancels Other) order type available? It seems like a major broker like MBT would have made such a standard order type available for use by now.

As it stands, if you want to SELL when a pair reaches a certain upper price, or BUY when it reaches a certain lower price, then you have to set two SEPARATE limit orders in order to do so.

Aside from taking up double the margin b/c it's two separate orders (when you're only ever going to activate one), you would also need to cancel the other order MANUALLY once the first one gets triggered ...

... and also hope that you get to your computer BEFORE the pair hits the other price, or else the other one gets triggered too.

Other brokers have had the OCO-type order available for ages now. An extremely standard order type.

The TTO is only good for setting your SL/TP ALONGSIDE an entry stop or limit order. Using the TTO as an entry order is completely stupid, as it forces you to go in ONE direction (buy or sell) no matter if the price moves up or down. I don't know anyone who would use such a ridiculous strategy ... it's basically saying you should BUY (or SELL, as the case may be) regardless of where the price moves.

I don't know why it's such a problem for MBT to set up an OCO order type, where one order is automatically cancelled when the other is triggered (instead of forcing people to set two separate orders everytime) ... it would basically be like the existing TTO order type ... except not completely stupid and worthless.
  • #6,092
  • Dec 21, 2010 8:50am Dec 21, 2010 8:50am
Quoting jleblang
Probably best you email [email protected] or even better, call us at 877.212.1112. Live Chat is always another option.
Thank you Justin. I called support and they were able to resolve my issue.....If anyone else is having the "public key not found" issue still AFTER trying to copy the "config" folder to the second computer, just call and ask them to reset your master password. Also, I was running windows 7 on one machine and windows xp on another. Apparently, this could have been part of my issue as well as I initally logged in on the the win 7 machine, then tried to transfer the config folder to the xp machine. Obviously it didn't like that. When my password was reset, I logged on the desktop (which has xp) first, then transfered the config folder to the laptop (win 7) and viola!
  • #6,093
  • Edited 1:14pm Dec 21, 2010 1:07pm | Edited 1:14pm
Hi..
MBT has OCO. They just call it TTO - threshold triggered order.

You might want to watch their video regarding order types. (personally, i feel they have the best selection of orders. No other broker offers the limit +TTO or stop+ TTO as far as I know.)

EDIT: Oops, my bad didnt read your post completely. Yeah TTO would force you to go in one direction only.

Quoting kibescorp
Why is there STILL no OCO (Order Cancels Other) order type available? It seems like a major broker like MBT would have made such a standard order type available for use by now.

As it stands, if you want to SELL when a pair reaches a certain upper price, or BUY when it reaches a certain lower price, then you have to set two SEPARATE limit orders in order to do so.

Aside from taking up double the margin b/c it's two separate orders (when you're only ever going to activate one), you would also need to cancel the other order MANUALLY once...
  • #6,094
  • Edited 1:27pm Dec 21, 2010 1:16pm | Edited 1:27pm
The TTO order type is NOT an OCO order type. They are almost "opposites." An OCO order basically sets two DIFFERENT orders, to be triggered by either an upper or lower price. The other one is cancelled upon the first one getting triggered.

A TTO order is basically only good when used as stops, in addition to another entry order (limit, stop, market). Using a TTO order as an ENTRY order makes absolutely no sense, because no matter where you set the upper or lower price, you can ONLY go in one direction. Meaning if the pair hits your upper price, you can set it to BUY ... but if it hits the lower price, you have to BUY as well .... which is ridiculous, because most people setting an upper price entry and a lower price entry would probably want to do two DIFFERENT things, not BUY in either situation.

The TTO entry is basically setting a stop order and a limit order at one time, whereas OCO is setting TWO stop orders or TWO limit orders at one time. Personally, I like to set two LIMIT orders, one for selling at an upper price and one for buying at a lower price ... as it stands now, you have to set two SEPARATE orders to do that and manually cancel the other one (and hope the other one doesn't get triggered first, which would be a mess).

In addition, that uses DOUBLE the margin ... even though with the no-hedging rule, it would be impossible for two orders of opposite directions and the same size to be open at one time for the same pair. So at the very least, MBT should not count opposite orders for the same pair towards the margin total.


EDIT: Yeah, I made this post before you posted your "edit" ... so, kind of weird timing.
  • #6,095
  • Dec 27, 2010 10:07am Dec 27, 2010 10:07am
Just want to wish everyone a safe and Happy Holiday and Happy New Year's. We will have normal trading hours all week including Friday, Dec 31st closing at 5 PM EST.
  • #6,096
  • Dec 27, 2010 2:57pm Dec 27, 2010 2:57pm
Hello Justin,

can I trade both spot fx and futures from one account with MB ?


Thanks,

TL
  • #6,097
  • Dec 29, 2010 3:22am Dec 29, 2010 3:22am
Quoting jleblang
If anyone has been waiting on a trading app for their iPhone from MB Trading, the wait is almost over. Visit MBT Mobile for more details and how to sign up. Droid and other devices coming shortly after the release of the iPhone application. Couple sneak peaks below for you.
Hi Justin,

I heard from someone at MBT since I'm on the list for the release of the iPhone app, that the iPhone version of your software not work with MT4-based accounts? Can you confirm this is correct, and if so WHY the limitation?
  • #6,098
  • Dec 29, 2010 11:10am Dec 29, 2010 11:10am
Quoting Traderlarry
Hello Justin,

can I trade both spot fx and futures from one account with MB ?


Thanks,

TL
Traderlarry,

No. You need an equity/futures account with MB Trading to trade futures and a Forex account with MB Trading Futures (confusing, I know) to trade Forex. One entity clears through Penson and is regulated by FINRA and the SEC. One is NFA (FOREX) regulated.
  • #6,099
  • Dec 29, 2010 11:22am Dec 29, 2010 11:22am
Quoting jleblang
Traderlarry,

No. You need an equity/futures account with MB Trading to trade futures and a Forex account with MB Trading Futures (confusing, I know) to trade Forex. One entity clears through Penson and is regulated by FINRA and the SEC. One is NFA (FOREX) regulated.
im not confuse but why not have it vice versa, MB Trading Future for equity/futures and MB Trading for forex. what was thought behind that process? just thought i ask
  • #6,100
  • Dec 29, 2010 10:36pm Dec 29, 2010 10:36pm
I find it interesting how MB Trading always subtracts the rollover from your account but never ADDS it.

For example, if I hold a SHORT EUR/USD position past 17:00 EST, I immediately get that -0.50% premium subtracted from my account, but if I'm LONG on the pair, I NEVER get the +0.15% added.

It's a pretty dick thing to do, to post "positive" and "negative" premiums but only ever SUBTRACT money from accounts.
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