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MB Trading Futures - Introduction

  • #6,981
  • Mar 18, 2011 1:21am Mar 18, 2011 1:21am
Could someone from MBT tell me if Desktop Pro is scheduled for a major overhaul anytime soon?

After issues with MT4, I'd like to move there, but UI and the whole concept is killing me.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #6,982
  • Mar 18, 2011 2:28am Mar 18, 2011 2:28am
Do you except non US customers?
  • #6,983
  • Mar 18, 2011 3:39am Mar 18, 2011 3:39am
Quoting LookDeeper
Realpips, Justin, anyone:

Can someone explain "pegged" orders to me - how they work, why they are used, what is the advantage?...
Pegged orders wasnt available for forex b4 1 year or more , is it available now ? thats good , simply if u put buy order your order will be the best bid ( 8 in your example ) and will keep moving with the best bid until other MB clients fill your order .
  • #6,984
  • Mar 18, 2011 3:50am Mar 18, 2011 3:50am
Ok legitimate question here about pegged orders : is it considered a limit order and will i get paid always ? , ie : if my pegged order was filled by other clients limit orders resting in the system , shouldnt MB pay for both of us in this case ? is it feasible for MB ?
  • #6,985
  • Mar 18, 2011 5:17am Mar 18, 2011 5:17am
Quoting V4x
Could someone from MBT tell me if Desktop Pro is scheduled for a major overhaul anytime soon?

After issues with MT4, I'd like to move there, but UI and the whole concept is killing me.
NinjaTrader is an option, and it's free. I assume it supports most of what one wants to do ... not sure about the special order types (OCO, etc.) that Desktop Pro supports.

http://www.ninjatrader.com/Connectio...tion-Guide.php
  • #6,986
  • Mar 18, 2011 6:20am Mar 18, 2011 6:20am
Hello.

I have to questions.

Is it possible to make and withdraw via Paypal?
Almost got it or far far away. Result is the same - you didn't get it!
  • #6,987
  • Mar 18, 2011 6:23am Mar 18, 2011 6:23am
Quoting MarkRox
Hello.

I have to questions.

Is it possible to make and withdraw via Paypal?
no
  • #6,988
  • Edited 7:30am Mar 18, 2011 6:28am | Edited 7:30am
Quoting Beljevina
NinjaTrader is an option, and it's free. I assume it supports most of what one wants to do ... not sure about the special order types (OCO, etc.) that Desktop Pro supports.

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

I am mostly interested in good UI and MT4 like charting (aka thin candles instead of spacing compression as in MBT Pro).

Does NT connect directly to MBT? Or there are still sometimes issues similar to MT4?

P.S. Just tried demo with MBT and I can't seem to get any FX charts to shpw up, only futures, etc. is this demo limitation? Yes, I set everything as per instructions and logged in with my MBT id.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #6,989
  • Mar 18, 2011 7:29am Mar 18, 2011 7:29am
Quoting V4x
Thank you.

I am mostly interested in good UI and MT4 like charting (aka thin candles instead of spacing compression as in MBT Pro).

Does NT connect directly to MBT? Or there are still sometimes issues similar to MT4?
I don't actually use Ninja - MT4, Tradestation and TOS are enough for me. Ninja is a professional tool with a hardcore following, although there are some minor issues. I have 0 issues with MT4 - it's brokers that create the issues and tarnish MT4.
  • #6,990
  • Mar 18, 2011 8:08am Mar 18, 2011 8:08am
Quoting Beljevina
I don't actually use Ninja - MT4, Tradestation and TOS are enough for me. Ninja is a professional tool with a hardcore following, although there are some minor issues. I have 0 issues with MT4 - it's brokers that create the issues and tarnish MT4.
Yes, I meant the issues with MT4 on MBT Platform :-)

Playing with it now, thanks again.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #6,991
  • Mar 18, 2011 10:38am Mar 18, 2011 10:38am
Quoting LookDeeper
Realpips, Justin, anyone:

Can someone explain "pegged" orders to me - how they work, why they are used, what is the advantage?
I'm wondering about the actual realities of it myself, but here has been my experience in the last couple weeks.

You kind of have to fine tune your use of it but it works best when you "turn it on" at points where price is fast moving and *if it gets you in* it usually gets you in at damn near the perfect spot. Lot of times you don't get in.

Also, when price is contained in a very small range when spread is tight or reversed. like when you have a real long solid bar, let's say down and then it just kind of dojis for a while, you turn it on and you can usually get in at bid, which you might not be able to in a market or limit for. Seems like it waits for ask to go under bid and then back over and then puts a limit at the first non-marketable number in your direction. Could be wrong.

I said I've just been playing with it, but no doubt it has increased my profitability and has definitely taken the position of my favorite order type(after stop-loss, I suppose!). It's a bit of an enigma on execution though. I usually open half a position with a limit or market and then order the other half on pegged and see what I get.

I believe another benefit of this order, especially with MBTs data rendering issue is that it allows you to get executions at prices that the charts don't even show. Not that a limit/market order couldn't or doesn't do this, but it seems like the pegged order gets much more of the love when it comes to those "uncharted" prices.

It seems to depend on how the market is acting, for instance this morning, I've been trading GU, EU, and EY. I had to use more market orders, because the pegged orders were not getting hit like I would expect them to and I was missing a lot of pips. It's a bummer because I lost the extra pips and I had to pay the market commission. Not a problem. I take what I can get and don't sweat the small stuff.
  • #6,992
  • Mar 18, 2011 11:11am Mar 18, 2011 11:11am
I gave up with MBT.

One BIG risk problem they have which cause to lose over +1000 in 30 minutes.

1. I have position opened on usd/jpy, eur/jpy and gbp/jpy on the day JPY pairs crash.

2. All of position has SL for 20, 45 and 45 pips risk.

3. Due the their HALT trading EVERY DAY from 4:48pm EST to 5:10(20)pm EST. NO trading will occurs even you have SL in the position.

4. Due the above reason, I lose my trade for over +1000 pips instead of 100 pips when their system came back ONLINE

5. I called them, they told me that is the risk trading with them.

6. Now I gave up with them, I move my account with Dukascopy and ATCBroker.


I just like point it out this BIG risk for others.
  • #6,993
  • Mar 18, 2011 11:20am Mar 18, 2011 11:20am
Quoting kennyhubbard
Yup, just got caught in a very nasty way with a long USDJPY........MBT managed to miss my stoploss by 112 pips

You are luckier than me...I lose over +1000 pips instead of 100 pips ...I never happened to me before. But this is BIG lesson i learned...Time to move on with REAL good broker.
  • #6,994
  • Mar 18, 2011 12:35pm Mar 18, 2011 12:35pm
Quoting surewin888
I gave up with MBT.

One BIG risk problem they have which cause to lose over +1000 in 30 minutes.

1. I have position opened on usd/jpy, eur/jpy and gbp/jpy on the day JPY pairs crash.

2. All of position has SL for 20, 45 and 45 pips risk.

3. Due the their HALT trading EVERY DAY from 4:48pm EST to 5:10(20)pm EST. NO trading will occurs even you have SL in the position.

4. Due the above reason, I lose my trade for over +1000 pips instead of 100 pips when their system came back ONLINE...

I, also learned this the hard way.
  • #6,995
  • Mar 18, 2011 4:11pm Mar 18, 2011 4:11pm
Quoting Trader KGB
Gain/Forex.com just removed all JPY pairs - no trading..
Even Barclays, one of the biggest banks in the world, shut down JPY trading..

http://www.bloomberg.com/news/2011-0...to-record.html
  • #6,996
  • Mar 18, 2011 4:16pm Mar 18, 2011 4:16pm
Quoting Trader KGB
Even Barclays, one of the biggest banks in the world, shut down JPY trading..

http://www.bloomberg.com/news/2011-0...to-record.html
Oanda , Fxcm , Igindex didnt ...
  • #6,997
  • Mar 18, 2011 5:01pm Mar 18, 2011 5:01pm
Quoting wwwin
Interactive Brokers didn't....and that was not yesterday, it was the day that yen strengthened...don't give these guys any idea to stop Yen trading...it is very very profitable now. That article also says " “Subsequent to this, we maintained superior yen pricing through a period of extremely high volume without interruption.”
I guess dealing desk brokers have a reason for suspending..that should not be the case if this is truly an ECN STP broker.

And TRUE ECN STP broker should not Halt their trading every day for 20 minutes starting 4:48pm est. It is BIG risk for traders if anything move during the time which occurs to me...BIG Lesson learned...I finally decide to move my account to Dukascopy and ATCBroker after being with MBT for about 2 years.
  • #6,998
  • Mar 18, 2011 5:12pm Mar 18, 2011 5:12pm
Quoting surewin888
And TRUE ECN STP broker should not Halt their trading every day for 20 minutes starting 4:48pm est.
4:48? I've not seen that happen..

Best of luck at Duka and ATC. It never hurts to have accounts at multiple brokers as a hedge against specifically these types of instances.
  • #6,999
  • Mar 18, 2011 5:20pm Mar 18, 2011 5:20pm
Quoting surewin888
And TRUE ECN STP broker should not Halt their trading every day for 20 minutes starting 4:48pm est. It is BIG risk for traders if anything move during the time which occurs to me...BIG Lesson learned...I finally decide to move my account to Dukascopy and ATCBroker after being with MBT for about 2 years.
BTW i was demo trading Dukascopy at the time of the selloff AUD/JPY frozen many times ...
  • #7,000
  • Mar 18, 2011 5:21pm Mar 18, 2011 5:21pm
Quoting Trader KGB
4:48? I've not seen that happen..

Best of luck at Duka and ATC. It never hurts to have accounts at multiple brokers as a hedge against specifically these types of instances.
+1 @ multiple brokers
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