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MB Trading Futures - Introduction

  • #6,761
  • Mar 11, 2011 9:49am Mar 11, 2011 9:49am
I want to say publicly that I am extremely happy with MB Trading as my broker.

Desktop Pro is a solid app(with a semi-steep learning curve) that is on it's way to becoming the best trading app I've seen. (It's not there yet though.) The company is open and responsive to feedback and criticism and their support and customer service has proven to be way better than one would normally expect.

I guess I'm particularly stoked about MB this morning because I just became aware of the glories of the Pegged order type. It is a frigging active trader's wet dream!! Gets me in at the precise point(with insane spreads) and gets me out (again, at the precise point) with limits so I get PAID round trip. F&*K Yeah!

And here's a screenshot of the spreads. GU regularly hits less than 1 pip spread and often goes negative, same with EU at -.5 spreads a lot. And yes, I do get executions at those prices.

I suppose everybody will think I'm a shill, I don't give a shit.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-03-11 at 7.17.32 AM.png Size: 17 KB
  • #6,762
  • Mar 11, 2011 10:06am Mar 11, 2011 10:06am
Quoting RealPips
I want to say publicly that I am extremely happy with MB Trading as my broker.

Desktop Pro is a solid app(with a semi-steep learning curve) that is on it's way to becoming the best trading app I've seen. (It's not there yet though.) The company is open and responsive to feedback and criticism and their support and customer service has proven to be way better than one would normally expect.

I guess I'm particularly stoked about MB this morning because I just became aware of the glories of the Pegged order type. It is a frigging active trader's...
LOL. I don't think you're a shill. I get it. I'm with ya. And I just wanted to throw in one other comment.

Justin, although I trade live with both MT4 and Desktop Pro, I have to say that if there is a weakness of MBT, it is your demo environment, especially on MT4. I occasionally like to test some stuff there, and it has been just wickedly unreliable if not downright unusuable a lot of the time. HOWEVER, I was playing with it this week and it worked flawlessly. I mean, not one hiccup. I know it sounds weird, but I just have never seen a full week on Demo without a glitch or an hour or two of downtime. Did you guys do something different? Any chance this is a more permanent situation or did we just have a lucky week?
FXChant Singing the World of Forex
  • #6,763
  • Mar 11, 2011 10:08am Mar 11, 2011 10:08am
Quoting wwwin
-100 and may I ask who appointed you as the supreme judge to decide what is or is not over the top??? Cause if you don't have a trade or 2 open at the time you have no say so or stake in the matter.
If you aren't prepared to rationally handle a technical problem with a broker when you "have a trade or 2 open" then you probably shouldn't be trading. It's a part of the game.
  • #6,764
  • Edited 1:57pm Mar 11, 2011 12:25pm | Edited 1:57pm
Quoting RealPips
If you aren't prepared to rationally handle a technical problem with a broker when you "have a trade or 2 open" then you probably shouldn't be trading. It's a part of the game.
LOL, another self-appointed supreme judge to decide who should trade and who should not. The experts are coming out of the woodwork.
  • #6,765
  • Mar 11, 2011 12:41pm Mar 11, 2011 12:41pm
Can anyone login to their account after todays update of the Android app or is it just me?
  • #6,766
  • Mar 13, 2011 4:55pm Mar 13, 2011 4:55pm
After 55 minute past the hour (5:55pm), the server still down. Anyone experience the same thing?
  • #6,767
  • Mar 13, 2011 4:56pm Mar 13, 2011 4:56pm
As usual cant place any trade or do anything for the first couple of hours of market open every week with MBT. Keep saying no connection.
  • #6,768
  • Mar 13, 2011 4:58pm Mar 13, 2011 4:58pm
That's very frustrating. There is also during news hour, that the server halt for ten or twenty minutes. Wondering why they have to do this if it is true ECN. The only thing they have got to do is pass the order to the liquidity provider, is it really that difficult to stop the server?
  • #6,769
  • Mar 13, 2011 7:05pm Mar 13, 2011 7:05pm
.....see what I'm talking about guys!!

If it smells and looks like sh..t it is probably not a steak.

The so called "ECNs" around here are just MM bucket shops under another name. They are after your money like everybody else.
  • #6,770
  • Mar 13, 2011 8:15pm Mar 13, 2011 8:15pm
Quoting Platypus
.....see what I'm talking about guys!!

If it smells and looks like sh..t it is probably not a steak.

The so called "ECNs" around here are just MM bucket shops under another name. They are after your money like everybody else.
wrong
  • #6,771
  • Mar 14, 2011 4:32am Mar 14, 2011 4:32am
Quoting Platypus
.....see what I'm talking about guys!!

If it smells and looks like sh..t it is probably not a steak.

The so called "ECNs" around here are just MM bucket shops under another name. They are after your money like everybody else.
You really don't know what you are talking about, do you?

Good luck finding a nice steak. All the rest of us sorry sad-sack MBT clients will have to continue eating shit and getting paid I suppose. You can call it what you want, but it tastes great to me. You don't like, you don't have to eat...
  • #6,772
  • Mar 14, 2011 5:18am Mar 14, 2011 5:18am
Quoting wwwin
LOL, another self-appointed supreme judge to decide who should trade and who should not. The experts are coming out of the woodwork.
I suppose you're just as much an expert on woodwork as anybody... :-)

I'm not judging anybody, just making an observation and stating a realization that I needed to come to before I became a successful trader. You have to be aware of all aspects of your trading and manage all of the risk. Broker issues are one of the many risks.

I've been through all the same thoughts about how lame brokers are and anxiety from their supposed cruel intentions toward my equity(and many of them are crooks no doubt). I have been with MBT for most of my trading experience(after dealing with a couple other major brokers) so I've not had to think about that for quite some time.

It is no secret that MBT opens later than other brokers. I have read what Justin has said and I find his explanation for this to be reasonable. I just don't trade market open and I realize I have to put on my "big boy pants" if I'm going to be brave/stupid enough to jump in the market at news time.
  • #6,773
  • Mar 14, 2011 5:35am Mar 14, 2011 5:35am
Quoting iferdous
As usual cant place any trade or do anything for the first couple of hours of market open every week with MBT. Keep saying no connection.
Yes, as usual. This is how MB Trading works, they bring the servers up after they have verified connection/liquidity.

If I wanted to trade market open, I would consider an account with Oanda, they seem to be open before most other brokers, although I'm not sure when they let you start executing trades.
  • #6,774
  • Mar 14, 2011 8:07am Mar 14, 2011 8:07am
Ok, so market open and news is a bad time to trade with MBT perhaps, but just about any other time is a great time to trade.

Just had an awesome session with ridiculous executions trading euro at .5-.8 spreads. In an hour and a half I increased my account by .8% and .5% of my profit was from getting paid for limits(max drawdown was 1.05%). Would have been closer to 2% if I hadn't closed one trade with a market order.

I'm not making this statement to brag about any gain(just as easily could have been loss), what I would like to say is that without getting paid for limits, the pegged order and MBT's liquidity I can easily say my profit would have probably been closer to a third of that. Since they started these 2 things, I have seen my bottom line increase significantly without any other change.
  • #6,775
  • Mar 14, 2011 8:25am Mar 14, 2011 8:25am
what is going with MBT? Keep lost connection to their live account? anyone experience same problem
  • #6,776
  • Mar 14, 2011 8:30am Mar 14, 2011 8:30am
Quoting surewin888
what is going with MBT? Keep lost connection to their live account? anyone experience same problem

Yep! This is completely unacceptable IMO!
  • #6,777
  • Mar 14, 2011 8:40am Mar 14, 2011 8:40am
Ditto!
  • #6,778
  • Mar 14, 2011 8:43am Mar 14, 2011 8:43am
Their MT4 platform just sucks. always have problems. why don't you just offer desktop.
  • #6,779
  • Mar 14, 2011 8:45am Mar 14, 2011 8:45am
Anyone recommend a Broker that takes US accounts. Has low spread/commission. MBT is just not reliable anymore...
  • #6,780
  • Mar 14, 2011 8:51am Mar 14, 2011 8:51am
not sure what happen to them...I kept have problem with their MT4. It was fine in past year.
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