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MB Trading Futures - Introduction

  • #6,341
  • Jan 27, 2011 11:13am Jan 27, 2011 11:13am
Quoting CurrencyAnalyst
Justin, would that be a Direct answer No from you?
Hmm now i see that you actually didn't posted a question, you asked for clarification:

Quoting CurrencyAnalyst
Justin LeBlang: Can you clerify for me that MB trading is not using The Virtual Dealer Plugin Or anything that would create the same type order control aspects, ECN is merely the front side with MT4 being the user access interface, that being said I just want to clear the air
regarding this.
But if the question were "Is MBT using the the Virtual Dealer Plugin... ?" then the answer would be "No".... i just wanted to clarify what i ment by "No"
I'm not insane; my mother had me tested.
  • #6,342
  • Jan 27, 2011 11:40am Jan 27, 2011 11:40am
Quoting jleblang

Ash,
MB Trading does not use the MT4 virtual dealer plug-in and never has. We have made this very clear from the start and is also demonstrated in our YouTube videos about MT4 that have been up for a while.
http://forexmagnates.com/an-overview...0%99s-ecn-mt4/

The above is directly from the forexmagnates.com link you provided, so by clarification you mean you want him to answer it again, gotcha!

cheers
  • #6,343
  • Jan 27, 2011 11:49am Jan 27, 2011 11:49am
Quoting CurrencyAnalyst
Justin LeBlang:...
The answer is in your link : Justin : " Ash,
MB Trading does not use the MT4 virtual dealer plug-in and never has. We have made this very clear from the start and is also demonstrated in our YouTube videos about MT4 that have been up for a while.
http://forexmagnates.com/an-overview...0%99s-ecn-mt4/ "
  • #6,344
  • Jan 27, 2011 11:49am Jan 27, 2011 11:49am
Quoting goldsurfer
Hi Justin

What is the reasoning(thinking)/advantage to MB trading/clients to change from EST(GMT-5) to GMT+2? I'm thinking if it's changed on the Demo platform it is just a matter of time before it is applied to the live platform.

cheers
goldsurfer
Goldsurfer,

The most commonly requested change that we get regarding our MT4 environment is that it is in EST and that creates issues with both the Daily charts (there are 6 daily bars per week, with Sunday and Friday being less than 24 hours of data, whereas other brokers that use GMT + 2 give the market in exactly 5 equal daily bars, and this matters to some EAs) and the intraday bars for certain types of Pivots.

Unfortunately, MT4 does not allow charts to be time shifted, one of its limitations. MT4 is third party software to us. We do not own or have the rights to the code to change this. We originally put the servers as EST because our ECN system is on EST and thus the order times match up between MT4 and Desktop execution for our customers and even for our Trade Desk support. However, the requests have been very vocal for this shift to solve the charting issue, so we are taking the proper steps to make it happen.
  • #6,345
  • Jan 27, 2011 11:51am Jan 27, 2011 11:51am
Quoting goldsurfer
The above is directly from the forexmagnates.com link you provided, so by clarification you mean you want him to answer it again, gotcha!

cheers
didnt c your post ...
  • #6,346
  • Jan 27, 2011 11:52am Jan 27, 2011 11:52am
Quoting CurrencyAnalyst
Justin LeBlang:...
CurrencyAnalyst,

All you had to do was read the comments under the ForexMagnates article that you linked to see that my answer is a clear “No, we do not ever and have never used the Virtual Dealer Plug-in for MT4.” We have also spoken to Forexmagnates and they acknowledged my comment in the same thread.

Separately, robik was kind enough to embed our three YouTube videos, which have been up for a few months, that explain AND SHOW our behind the scenes server settings for MT4, which also answers your question and has been publicly available for a long time.

Thanks for your continued support of MB Trading. J
  • #6,347
  • Jan 27, 2011 12:21pm Jan 27, 2011 12:21pm
Quoting CurrencyAnalyst
Justin LeBlang:...
CurrencyAnalyst,

You state that your occupation is "Futures / Spot Market Analyst" which I assume means that you charge people for your analysis of said markets, i.e. you are a professional analyst.

In other threads to which you have contributed (and started) you have sung the praises of MBT, who I understand you have been using for some time. Before entering into a contractual agreement with any supplier of financial services one would hope that a Professional "Futures / Spot Market Analyst" would have done sufficient homework to satisfy themselves that they are happy with all aspects of that company's business model. Not difficult in this particular case as Justin has answered this particular question several times in this very thread which, as a Professional "Futures / Spot Market Analyst", one would assume you have read from beginning to end. One would also assume that a Professional "Futures / Spot Market Analyst" would have looked at the MBT web sight and been sufficiently analytical to have been able to find the answers for themselves. Were this, however, not the case, then surely a Professional "Futures / Spot Market Analyst" would have entered into private discussion with any supplier of theirs who's service they did not fully understand rather than make a complete arse of themselves on a public forum.

I am not normally one who finds it necessary to speak on behalf of others, and I apologise to you Justin for taking up this bandwidth on your forum, but your constant whining has really got up my snitch. All you have done for me is to demonstrate that you are a most un-professional person and not someone with whom I would want any sort of business relationship.
TTFN Merlyn
  • #6,348
  • Jan 27, 2011 12:26pm Jan 27, 2011 12:26pm
Quoting jleblang
Goldsurfer,

The most commonly requested change that we get regarding our MT4 environment is that it is in EST and that creates issues with both the Daily charts (there are 6 daily bars per week, with Sunday and Friday being less than 24 hours of data, whereas other brokers that use GMT + 2 give the market in exactly 5 equal daily bars, and this matters to some EAs) and the intraday bars for certain types of Pivots.

Unfortunately, MT4 does not allow charts to be time shifted, one of its limitations. MT4 is third party software to us. We do not...
It would be best to be in line with London because they are the largest percentage of the market. As it is now the h4 and daily candles don't help much.
  • #6,349
  • Jan 27, 2011 12:35pm Jan 27, 2011 12:35pm
Quoting mdiz2
It would be best to be in line with London because they are the largest percentage od the market. As it is now the h4 and daily candles don't help much.
GMT+2 makes perfect sense, since then the day-break will be at the same time as roll-over downtime (17:00 EST pretty much at every firm including UK) - when positions will get rolled to the next day and get a new cost basis.
  • #6,350
  • Jan 27, 2011 12:39pm Jan 27, 2011 12:39pm
[quote=Merlyn;4350687]CurrencyAnalyst...has really got up my snitch./QUOTE]

That is the best line. Ever.
  • #6,351
  • Jan 27, 2011 12:51pm Jan 27, 2011 12:51pm
I am sure some of u guys r really sick , u take everything about your broker so personal ! get a life for God sake and concentrate on your trading ...
  • #6,352
  • Jan 27, 2011 1:58pm Jan 27, 2011 1:58pm
Quoting shrike
GMT+2 makes perfect sense, since then the day-break will be at the same time as roll-over downtime (17:00 EST pretty much at every firm including UK) - when positions will get rolled to the next day and get a new cost basis.
I understand that but retailers don't move the market so what other retail brokers have their servers set to doesn't matter.

The institutional traders that move the market have a new h4 candle starting at London open. We need to trade what they look at not what all the other retailers look at.

We can only jump in the stream as they make it flow, so it is best to see what they see.
  • #6,353
  • Jan 27, 2011 5:16pm Jan 27, 2011 5:16pm
Quoting mdiz2
I understand that but retailers don't move the market so what other retail brokers have their servers set to doesn't matter.

The institutional traders that move the market have a new h4 candle starting at London open. We need to trade what they look at not what all the other retailers look at.

We can only jump in the stream as they make it flow, so it is best to see what they see.
A good trader has 4 different charts using every 4 hour time frame. A new H4 candle opening every hour.
Cap
  • #6,354
  • Jan 27, 2011 7:00pm Jan 27, 2011 7:00pm
GMT + 2 is the best choice.
  • #6,355
  • Jan 27, 2011 7:16pm Jan 27, 2011 7:16pm
would be nice to have a flat comm on non u.s.d base currency.
  • #6,356
  • Jan 27, 2011 7:38pm Jan 27, 2011 7:38pm
Now that finally Justin says No, not the followers.

It is done MBT is not using a Virtual Plug-In..

Now Can I assume the new gimmick of rebates or payouts as you may call it for Limit's etc. Put on by the traders is something you really are counting on for tighter liquidity. As this should help the erratic gap fills being as maybe the ECN is not as robust as was intended or hoped for.

I mean come on I was getting flawless entry exits with IBFX, and they have never been much for getting praise up until now. That's just a plain Old STP interaction. When I went with MBT it was simply for the ECN model. I have it with PFG and it is very tight with In/out. So what if the commission is higher I'm paying for it in slippage anyway with MBT. I don't need video's or praisers to tell me anything. I am simply not seeing the benefit with this ECN at this time.

Oh and demonstration video's are always performed with the best interest in favor of what ever your selling.

I'll just wait for the next trader profit / loss release to see what broker ranks where on the scale.

And Yes. I'm the CurrencyAnalyst and I get paid for my calls. You got something right.
"Look Left Think Right"
  • #6,357
  • Jan 27, 2011 7:49pm Jan 27, 2011 7:49pm
Quoting CurrencyAnalyst
Now that finally Justin says No, not the followers.

It is done MBT is not using a Virtual Plug-In..

Now Can I assume the new gimmick of rebates or payouts as you may call it for Limit's etc. Put on by the traders is something you really are counting on for tighter liquidity. As this should help the erratic gap fills being as maybe the ECN is not as robust as was intended or hoped for.

I mean come on I was getting flawless entry exits with IBFX, and...
if your getting bettter service form another broker then stick with them, pfgbest is much biger this might be your better choice
  • #6,358
  • Jan 27, 2011 8:13pm Jan 27, 2011 8:13pm
Quoting PoundTrader
if your getting bettter service form another broker then stick with them, pfgbest is much biger this might be your better choice

True I decided to keep the account active just leave it in the back drop maybe things will improve in time. It did take a bit of time to set it up they are old school, had to actually mail in signed forms for the futures account, and setting up ACH for banking was again by snail mail, nobody else required it. I don't usually come at anything hard like I did this deal here, Unlike the ass-monkeys that have to get their double paragraph say on what I was going on about. In nearly 5 years I have less than 150 posts and nearly all of them involve MATTER, not just dribble about someone what-ever's. I've been doing this for 8 years now and have watched this Spot market change. I'm glad the government finally cracked down on this thing, I also was a promoter for the New CME Micro Futures contracts. It is doing quite well. I have a automated system with Think-Or-Swim trading Eur/Usd. I mostly use Oanda I'd say 80% of the time. (They are weird by general forex standards however I will say they Pay Good!) But like the rest of you I do have a drawing to new potential opportunities. ECN is ok but still it will be time before it works as good as futures.
"Look Left Think Right"
  • #6,359
  • Jan 28, 2011 10:30am Jan 28, 2011 10:30am
Justin,

could you be more specific about your new improvement : "get paid 1.95 for adding liquidity"

what that means ?
We always have to pay a $2.95 fee and get a 1.95 rebate ?
so the commission becomes $1 ?
  • #6,360
  • Jan 28, 2011 10:48am Jan 28, 2011 10:48am
Quoting duxis
Justin,

could you be more specific about your new improvement : "get paid 1.95 for adding liquidity"

what that means ?
We always have to pay a $2.95 fee and get a 1.95 rebate ?
so the commission becomes $1 ?
No. You only pay us 2.95 per 100k for marketable orders. You only get paid 1.95 per 100k for non-marketable Limit orders. There is no fee and then a credit for Limit orders, it is just the credit. If we charged a fee first and then issued the credit, the net would be a 1.00 per 100k charge, and the NFA would not allow us to say “Pay for Limit orders.”
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