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MB Trading Futures - Introduction

  • #6,201
  • Jan 20, 2011 4:22pm Jan 20, 2011 4:22pm
I ran a side by side test random trading sessions of Mb Mt4 and Ibfx Mt4. What I found was quite sad indeed. The so called ECN that Mb has described may be just such however, do know that the well know flavor packed back office tactics are indeed in effect.

Long delays on entry with fills after price has moved well against you, on both entry and exit several times in a row.

Out of 50 side-by side trades with Ibfx vs Mb Mt4 I found Mb Trading to be not in favor of trader 70 percent of the time.

To my amazement Ibfx had not a single delay on fill or exit. They are on a claimed STP system.

Off was not included in this test but I do have a live account with them and have not noticed any fill / exit anomalies other than slight fill gaps usually only
under fast market conditions.

The sum is simple dont think for a minute a bucket shop won't find other ways to cheat movement even after they have set up an eye candy system such as a ECN. Beware of this trap. Avoid ECN unles it is off-shore or with a 1st tier brokerage house. In my opinion of nearly a decade of Spot Fx experience. Oanda is by far your best bet not matter a New trader or Old Timer.
Otherwise go with futures currencies.
"Look Left Think Right"
  • #6,202
  • Jan 20, 2011 4:25pm Jan 20, 2011 4:25pm
Quoting CurrencyAnalyst
I ran a side by side test random trading sessions of Mb Mt4 and Ibfx Mt4....
if you use their vps, you won't see any delay 'cause they are in same location. I have same problem before and their vps is FREE
  • #6,203
  • Edited 4:29pm Jan 20, 2011 4:28pm | Edited 4:29pm
Quoting surewin888
if you use their vps, you won't see any delay 'cause they are in same location. I have same problem before and their vps is FREE
what is vps ? Also they claim some revolution to Forex tradin January 25th this year..??
"Look Left Think Right"
  • #6,204
  • Jan 20, 2011 4:34pm Jan 20, 2011 4:34pm
Quoting CurrencyAnalyst
what is vps ? Also they claim some revolution to Forex tradin January 25th this year..??
VPS is virtual private server where I kept my mt4 running there. It is like your computer, but it is virtual computer near their datacenter where their mt4 server located.
  • #6,205
  • Jan 20, 2011 4:44pm Jan 20, 2011 4:44pm
Quoting surewin888
VPS is virtual private server where I kept my mt4 running there. It is like your computer, but it is virtual computer near their datacenter where their mt4 server located.
That is ridiculous for you to have to do that, that would be like me getting a apartment next to Mbt's network command center and pulling a cat 5 cable thru the wall. Do you really like them so much to have to use an altered environment. Dude I believe they need to clean up the crap and make it work as intended. I don't have any latency problems with my computer network I have a 40 Mbit bandwidth all the time and latency is in the 2-20 Ms on average. Don't go to all that trouble, wan't to stay with ECN connection trouble free. Give Pfg Mt4 a try I have had a live account with them for 2+ years, Mb was a newer account that wil be dismissed soon. Thanks for the tip, however I won't compromise with side steps.
"Look Left Think Right"
  • #6,206
  • Jan 20, 2011 5:06pm Jan 20, 2011 5:06pm
Is MB demo server down? No data for over an hour now!
Could it be Man is trying to be something without knowing they're complete?
  • #6,207
  • Jan 20, 2011 5:12pm Jan 20, 2011 5:12pm
Quoting CurrencyAnalyst
That is ridiculous for you to have to do that, that would be like me getting a apartment next to Mbt's network command center and pulling a cat 5 cable thru the wall....
i do agree that pfgbest mt-4 is 100% more stable then MBT MT-4 but there spreads is padded a little bit so spreads are much higher then MBT
  • #6,208
  • Jan 20, 2011 5:17pm Jan 20, 2011 5:17pm
Quoting CurrencyAnalyst
That is ridiculous for you to have to do that, that would be like me getting a apartment next to Mbt's network command center and pulling a cat 5 cable thru the wall....
LOL. Dude, you must be new to FX. There are entire hosting companies set up just to handle hosting MT4 for people. You can't run an EA 24/7 and hope your cat doesn't step on the wrong key on your keyboard. Most brokers, including FXCM, offer free VPS solutions. And no matter what you say, your location is x distance from MB. If time matters, you want to be as close as possible. That isn't a side step, it's practical sense for thousands of traders. Take a look at the post right before your first one from Steve who solved his problems (from Jamaica and Florida) with their VPS, which they offer FREE. Put simply, your complaint makes no sense and you certainly don't come across as knowing enough to be what your title says.
  • #6,209
  • Jan 20, 2011 5:39pm Jan 20, 2011 5:39pm
Quoting IndyTrader
LOL. Dude, you must be new to FX. There are entire hosting companies set up just to handle hosting MT4 for people. You can't run an EA 24/7 and hope your cat doesn't step on the wrong key on your keyboard. Most brokers, including FXCM, offer free VPS solutions. And no matter what you say, your location is x distance from MB. If time matters, you want to be as close as possible. That isn't a side step, it's practical sense for thousands of traders. Take a look at the post right before your first one from Steve who solved his problems (from Jamaica...

I knew you would be here soon

cheers
  • #6,210
  • Jan 20, 2011 7:38pm Jan 20, 2011 7:38pm
Quoting goldsurfer

I knew you would be here soon

cheers
Good to see ya.
  • #6,211
  • Jan 20, 2011 7:40pm Jan 20, 2011 7:40pm
Quoting Numb3rs
Is MB demo server down? No data for over an hour now!
yup,it happens all the time,i told justin before but he claimed everythings is alright.
  • #6,212
  • Jan 20, 2011 7:45pm Jan 20, 2011 7:45pm
The only thing new to me is all this virtual server crap. I'm the type of trader that does it manual. I don't have robots doing it for me, I live in mainland USA not some Island, that is dependent on satellite relay connections adding several seconds of distance latency, as the satellites are more than the distaff light speed signals can travel in 1 second with the signal up then back down loop path.

My issue never had anything to do with latency your all focusing in on. Mb had my signal they are just holding for a pre programmed time delay. I get confirmation of the trade immediately they have the order. This has nothing to do with distance latent. pay Attention!
"Look Left Think Right"
  • #6,213
  • Jan 20, 2011 7:46pm Jan 20, 2011 7:46pm
thats crazy my uptime with my broker even thru news time is 99% there is something here that needs to be fix, good luck to all
  • #6,214
  • Jan 21, 2011 1:55am Jan 21, 2011 1:55am
hi justin,i have a LIVE Desktop Pro acct and i am "eye-balling" the prices on my Desktop Pro and MBT MT4 and realised that most of the time the prices(e.g Nzd/Usd) DIFFER between your MT4 and Desktop Pro or AFTER a while then the prices align,why is that so? I thought that prices on MT4 and Desktop Pro should be the same since both platforms are fr MBT,isnt it? And i do see alot of MISSING datas on MT4,is this normal? For a scalper,this is a NIGHTMARE!! Pls advise...
  • #6,215
  • Jan 21, 2011 9:44am Jan 21, 2011 9:44am
I've been with MB for three years or so and I'm very pleased with their service. Their basic interface is pretty rubbish and in fact I'm currently working with a coder to create a 3rd party trade placement application which will allow traders to create strategies and place them via a proper DOM. Anyway, it should be up and running in a month or two. This sort of thing is already available in NinjaTrader but I want to do a lightweight version that just provides a trade placement interface rather than a fullscale analysis package.

I'd certainly advise potential clients to open a standard account rather than an MT4 account, only because MT4 has always been a dubious interface and although I think MB are dead straight (I can always see my trades right there in the market when I place them), I dont have a lot of faith in MT4 as anything other than an analysis package.

There is no doubt whatsoever than my overall profit margin is significantly greater than if I used a bucket shop and MT4.
He was looking for the card so high and wild hed never need to deal another
  • #6,216
  • Jan 21, 2011 10:09am Jan 21, 2011 10:09am
Next thing you will say that you have never heard of High Freq Trading and entire industry built to support ultra low latency networks and platforms.
Anyway, if you live somewhere in the middle of USA and MBT's servers are in CA, I highly doubt that your ping times to MBT is in 2-20ms range as you claim. Simply because any consumer ISP passes traffic through their own switches and routers before piping traffic to the big boys like Level3. All that adds latency. I'm in Chicago and the best I can do from home to MBT is 50-70ms. Even if you are on fiber connection, your latency will probably be over 40ms.
As to MBT selectively holding your orders: you are talking out of your ass. I am able to do a round trip in 0.1sec with custom system on VPS using their API and not even their FIX (which should be even faster). That's opening and closing so flat to flat. Now, there are times that orders are not filled instantly, but 98% it happens in a very fast moving market.
You also mentioned 1st tier brokers. Have you ever traded with/through one of them? I have. Let me tell you, top tier banks (their names are known by 99% of population) have downtime, stuck orders, horrible slippage/executions, platform freezes, etc.

Quoting CurrencyAnalyst
The only thing new to me is all this virtual server crap....
  • #6,217
  • Jan 21, 2011 10:48am Jan 21, 2011 10:48am
Quoting fiberangel
Next thing you will say that you have never heard of High Freq Trading and entire industry built to support ultra low latency networks and platforms.
Anyway, if you live somewhere in the middle of USA and MBT's servers are in CA, I highly doubt that your ping times to MBT is in 2-20ms range as you claim. Simply because any consumer ISP passes traffic through their own switches and routers before piping traffic to the big boys like Level3. All that adds latency. I'm in Chicago and the best I can do from home to MBT is 50-70ms. Even if you are on...
Great post. 100% spot on. Now can someone please tell me what the big announcement on the 25th is? Anyone got any guesses?
FXChant Singing the World of Forex
  • #6,218
  • Jan 21, 2011 12:31pm Jan 21, 2011 12:31pm
Quoting fxchant
Great post. 100% spot on. Now can someone please tell me what the big announcement on the 25th is? Anyone got any guesses?
I second this! I saw another thread pop up on this (MBT's announcement) and then I popped in here to see if anyone was discussing it. With all the tech issues related to fx, i'm wondering what kind of new solutions they might have up their sleeve to address them, assuming that's what they're going to announce. My gut tells me it's tech-related, not so much on the pricing or commissions side. Given that MBT has a pretty solid reputation, you have to think that it's not just a gimmick or pure hype.
  • #6,219
  • Jan 21, 2011 12:53pm Jan 21, 2011 12:53pm
I guess its some fancy tech thing. I dont think its platform-related tho. Desktop Pro is very new, and the web-client and the mobile-clients are already on their website. Probably not commission-related either. In the end, their job is to fill customer orders one way or another, its probably nothing too revolutionary.

When there was still EFX and they developed the web-client, it was announced that it would drastically reduce latency worldwide with some Akamai-provided technology. Of course the project got killed with the merger. Maybe something like that?
  • #6,220
  • Jan 23, 2011 6:18pm Jan 23, 2011 6:18pm
Quoting fxking
yup,it happens all the time,i told justin before but he claimed everythings is alright.
Grrrrr
No data again.
Should have started 2 hours ago.
Could it be Man is trying to be something without knowing they're complete?
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