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MB Trading Futures - Introduction

  • #6,181
  • Jan 12, 2011 6:19am Jan 12, 2011 6:19am
It seems that MBTrading does not store tick data.

If I wanted to make an indicator that used tick data, could I connect lets say to IBtrading for historical tick and use MBtrading for realtime?

I would trade everything with IB but MB allows trading in smaller units.
  • #6,182
  • Jan 12, 2011 10:22am Jan 12, 2011 10:22am
Quoting aicccia
I see...so if I wanted to use Multicharts I'd have to use a USD denominated account?
Multicharts would require a Desktop account, therefore you can fund with USD, EUR or GBP.
  • #6,183
  • Jan 12, 2011 11:00pm Jan 12, 2011 11:00pm
Quoting FuturesTrade
It seems that MBTrading does not store tick data.

If I wanted to make an indicator that used tick data, could I connect lets say to IBtrading for historical tick and use MBtrading for realtime?

I would trade everything with IB but MB allows trading in smaller units.
Tick data is the greatest thing since sliced bread.

FX by its news driven nature is inherently spikey. By breaking up the data into ticks, you can break up those spikes formed in fast moving markets, get nice rounded peaks, and your indicators will perform better.

Tick data is also the basic building unit block of a price bar... you can build anything from tick data... you can build a time based bar from tick data but you can't deconstruct a minute bar to get the tick data out.

With tick data your Renko, P&F, Kagi all manner of price "bars" will be smoother, and more accurate.

MB Trading does provide tick data, but only a couple of weeks worth for backfill on their server.

I have asked for more, as I replicate 4HR bars with 32,000 tick bars, and two weeks is nothing. Short of it being available on the server, I have asked for files to be made available for download, so we can build/repair/maintain our own data base, and use the three weeks on the server for what is is meant for..... backfilling recent data.

Dukascopy, FXCM, and many others give customers access to tick data in downloadable files this way. It is time for MB Trading to do the same.


So its no surprise you to want tick data. Here's how to get it.

You can use the free version of Ninja Trader's great charting, system building and backtesting package by downloading it here:

http://www.ninjatrader.com/download-registration

You'll also need this page which is the connection guide to get connected to MB Trading's servers.

http://www.ninjatrader.com/Connectio...tion-Guide.php


Once you get it setup, you'll receive the two weeks or so worth of tick data that is available on MB's server....

You then leave NT up and running all week, and it will build up a local database of tick data.... eventually, if you use big tick sizes like I do, you'll have enough locally to actually be usable.

If you don't mind paying for data, and must have a bigger historical data sample than just the backfill that is available on the server you should do two things....

Ask MB Trading to make it available via file download, so there will be more people asking for the same thing.... they might to it... after all, their competitors already do.

Second, you could pay for data from Kenitick, eSignal etc.
  • #6,184
  • Jan 12, 2011 11:22pm Jan 12, 2011 11:22pm
I've heard that it's possible to get 0 spread on EurUsd at times with MBT. I have an account but the lowest I've ever seen it go is .6 pips. Is there some window I need to open to see spread at 0?
  • #6,185
  • Jan 13, 2011 3:45am Jan 13, 2011 3:45am
Quoting Trankuility
I've heard that it's possible to get 0 spread on EurUsd at times with MBT. I have an account but the lowest I've ever seen it go is .6 pips. Is there some window I need to open to see spread at 0?

Pick a slower time of the market, because it may happen so fast it will be hard to see...

enter a limit order to buy .10 pips below the ask, and you'll see a .10 pips spread.....

That's because you are willing to buy .10 pips below the ask.... and your order becomes that side of the spread.. at least for a second....

the liquidity providers may fill you, in which case the spread was zero at the instant you got filled, or may figure if you're bidding to buy that close to their asking price, they need to move their asking price up .5 pips or so, in which case the spread will widen away from your bid.

You (and everyone else on the ECN) are making the spread. It's whatever the market makes it at any given time.

If I want to sell EUR/USD at 1.3150, I enter an order to sell at 1.3150, and I get filled at 1.3150, should I care what the spread was when I got filled?

On a deal desk, there will be a spread, inside of which you will not be allowed to enter an order.... inside the spread is where the market maker's profit is, so you can't deal inside that spread. At MB Trading you can.

People get hung up on spread. If you're not profitable with a .9 pip spread and commission, you have some other problem with your trading methodolgy.... it isn't the spread that is keeping you from profitablility.
  • #6,186
  • Jan 13, 2011 7:12am Jan 13, 2011 7:12am
If I open one position for $4 a pip is there any way to close half of that position at a certain price and let the other half run?
  • #6,187
  • Jan 13, 2011 7:19am Jan 13, 2011 7:19am
Quoting mdiz2
If I open one position for $4 a pip is there any way to close half of that position at a certain price and let the other half run?
sure, just make a trade in the opposite direction with half the size of your current position
I'm not insane; my mother had me tested.
  • #6,188
  • Jan 13, 2011 10:31am Jan 13, 2011 10:31am
Quoting jleblang
Hey Guys,

We updated our website and there will be a big FOREX announcement January 25th. Stay tuned.
We get rebates (or at least free transaction) for making (being first on the bid/offer) the market? That would be revolutionary in retail space and reflect what institutions enjoy.
  • #6,189
  • Jan 13, 2011 11:05am Jan 13, 2011 11:05am
Quoting FuturesTrade
It seems that MBTrading does not store tick data.

If I wanted to make an indicator that used tick data, could I connect lets say to IBtrading for historical tick and use MBtrading for realtime?

I would trade everything with IB but MB allows trading in smaller units.
FuturesTrade,

Its best you email mbtfix @ mbtrading .com. They can provide you with the resources to grab the tick data.
  • #6,190
  • Jan 13, 2011 11:11am Jan 13, 2011 11:11am
Quoting fiberangel
We get rebates (or at least free transaction) for making (being first on the bid/offer) the market? That would be revolutionary in retail space and reflect what institutions enjoy.
I would be thrilled if it were this and those trades were free. I think that would change the FX landscape. But I don't know if that makes sense for them to give up the revenue on those orders.
  • #6,191
  • Jan 14, 2011 9:15am Jan 14, 2011 9:15am
1.16.2011 @ 8PM EST: Weekly Upcoming Economic Event Review

Weekly Upcoming Economic Event Review. In preparation of the trading week ahead, llian Yotov from allthingsforex.com will explore how the upcoming week’s important economic data could impact the USD, the EUR and other currency majors. This webinar series will be held each Sunday at 8:00pm EST.

1.18.2011 @ 7PM EST: MetaTrader 4 & MB Trading

This training will go over the basic functionality of MetaTrader 4 in correlation with MB Trading. The topics will include set up, overall features, preferences, order entry, and charting. The training will also discuss the differences between MB Trading's ECN (non-deal desk) MT4 versus generic MT4 concerning Expert Advisors and other areas.

1.20.2011 @ 7 PM EST: MBT Desktop Pro: Charting

MBT Desktop Pro: Charting. This training will go over the features and functionality of the MBT Desktop Pro platform in regard to charts. The topics will include set up, preferences, order entry from the chart, studies, and plugins.

Register Here
  • #6,192
  • Jan 16, 2011 5:40am Jan 16, 2011 5:40am
Quoting jleblang
Hey Guys,

We updated our website and there will be a big FOREX announcement January 25th. Stay tuned.

Counting...
  • #6,193
  • Jan 16, 2011 8:30pm Jan 16, 2011 8:30pm
Quoting jleblang
Fxknkw,

Not sure what you mean by "8 mini lots is the largest size"?

1 lot = 10k
10 lots = 100k

So to place a standard lot of 100k, you would use 10 lots on our system.

Max size is 10,000,000 or 10,000 currency units.
Not sure if I am doing the math right:

If max size is $10,000,000/10k lot size = 1,000 currency units?

So basically, 1,000 mini lots at 10k value per lot is the max tradable lot size?

How is the liquidity at these traded amounts with MB Trading?

I was just curious. Thank you,
  • #6,194
  • Jan 16, 2011 10:48pm Jan 16, 2011 10:48pm
Quoting Fxknkw987
Not sure if I am doing the math right:

If max size is $10,000,000/10k lot size = 1,000 currency units?

So basically, 1,000 mini lots at 10k value per lot is the max tradable lot size?

How is the liquidity at these traded amounts with MB Trading?

I was just curious. Thank you,
u cant take 10M at the best price at once , there is no liquidity available u have to do it in clips ...
  • #6,195
  • Jan 17, 2011 10:52pm Jan 17, 2011 10:52pm
Quoting jleblang
1.16.2011 @ 8PM EST: Weekly Upcoming Economic Event Review

Weekly Upcoming Economic Event Review. In preparation of the trading week ahead, llian Yotov from allthingsforex.com will explore how the upcoming week’s important economic data could impact the USD, the EUR and other currency majors. This webinar series will be held each Sunday at 8:00pm EST.

1.18.2011 @ 7PM EST: MetaTrader 4 & MB Trading

This training will go over the basic functionality of MetaTrader 4 in correlation with MB...
Thanks for letting us know about these webinars, they are helpful.

Jim
  • #6,196
  • Edited 7:18am Jan 18, 2011 6:49am | Edited 7:18am
Hi,

I see there is huge gap in 1 min GBPUSD data on MB MT demo server, is it happened same on live server as well?

Please look at the screen shot and does execution get affected when this kind of gap happens on live server?
Attached Image (click to enlarge)
Click to Enlarge Name: Datagap_MB.jpg Size: 40 KB
  • #6,197
  • Jan 18, 2011 7:44am Jan 18, 2011 7:44am
[quote=amarfx;4322634]Hi,

I see there is huge gap in 1 min GBPUSD data on MB MT demo server, is it happened same on live server as well?

Please look at the screen shot and does execution get affected when this kind of gap happens on live server?[/quot

GBP core cpi data came out this morning. When there is no one around to fill your order you'll see a gap, which is natural! I doubt that brokers that won't show a gap would have filled the order. They probably just draw a nice clean closed candle.

pbb
  • #6,198
  • Jan 18, 2011 7:53am Jan 18, 2011 7:53am
[quote=pbb;4322855]
Quoting amarfx
Hi,

I see there is huge gap in 1 min GBPUSD data on MB MT demo server, is it happened same on live server as well?

Please look at the screen shot and does execution get affected when this kind of gap happens on live server?[/quot

GBP core cpi data came out this morning. When there is no one around to fill your order you'll see a gap, which is natural! I doubt that brokers that won't show a gap would have filled the order. They probably just draw a nice clean closed candle.

pbb
But when i checked with market maker i see there is no gap with them, so from were they get quotes which is non existing?
  • #6,199
  • Jan 19, 2011 7:29am Jan 19, 2011 7:29am
Hello Justin,

I've been demo trading the MBT Desktop for 3 months and I'm quite happy with it.

I would like to know if there is a way to code or setup a condition for modifying a TTO order. (ie move TTO order to breakeven after X price is reached)

I can see in the order preferences window that there is a Break Even trailing Stop functionality that is not activated... maybe that's how?

Thanks
  • #6,200
  • Jan 20, 2011 2:10pm Jan 20, 2011 2:10pm
About a month ago, I wrote a few posts regarding the delay I was encountering with MT4 when I executed a trade. I always tried to be objective, but at times know that I was also a bit frustrated. And then the great MB Trading customer service came to my rescue - again! Here's what all has happened to resolve this.

After working with their reps on their MT4 support page, I was referred to others in the organization. The final decision was to try putting MT4 on a VPS that they have been offering through a special promotion. Everything has been fine since that point. The VPS is easy to access/run and has a connection speed with the MB Trading server that is much faster than my connection at home here in Jamaica or in Florida. I also followed their suggestion to have the MB Desktop Pro alwayss open. Although I don't use it to execute my trades and do it straight through MT4, it does give me a better view of my trade and price. I have contemplated using it to execute my trades, which they have advised would take one additional layer out of the process, but so far have been pleased with what we have resolved.

And the nice part about the VPS is that I used their special promotion with three months free. After that, they will rebate that cost to my forex account each month when I have met their minimum executed trades each month. And I normally will meet that criteria, so the cost of the VPS is free to me. What a deal!

If you were to reference my posts from earlier, even with my frustration, I was always complimentary of MB Trading's customer service. I have always been pleased with their guidance, especially with those who are in their support chat service. And I try to always make sure that they know it as I'm logging out after another question has been answered by them.

My recommendation to anyone who has a problem is don't try to resolve it here in a public forum. Go directly to their support chat and they will either help you fix it or direct you to the right person to help you.

THANKS goes to everyone at MB Trading who helped me resolve my issue. I'm gratefully appreciative of your time and determination to help me.

Steve
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