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MB Trading Futures - Introduction

  • #7,081
  • Edited 10:42am Mar 29, 2011 10:07am | Edited 10:42am
Quoting fiberangel
wwwin,
Everyone on the street knew about this coming. This isn't your original insight, you are just re-posting rumors/news that were circulating between traders of all HF and banks.
Please stop taking credit for it.

Have a good day.
You are not making sense, if everyone knew, the price would not have been 110.50 when I posted, it would have been already reflected in the price, ...think before you post. I am not taking credit for anything, I was responding to a post by -RealPips that contained lies, just like I am responding to a non-sensical post by you. And when I posted the original tip, I did not post it on my own, I was asked by you guys to post it...read here, http://www.forexfactory.com/showthre...31#post4480231
Don't you see that I was responding to a post??? Be careful what you ask for, you just might get it.
This is the problem in this thread, you guys want to control every post and challenge every post that tells about a problem with MBT, a troubling sign...but this is a public forum...you guys should open an invitation only chat, there you can praise MBT w/o challenge and pat each other on the back.
  • #7,082
  • Mar 29, 2011 11:31am Mar 29, 2011 11:31am
wwwin,

When I say everyone knew about it coming I do know what I'm talking. I don't know what you do or what your sources are. But I can tell you that all of our macro traders knew about it coming and were waiting for it to jump on the wagon. You should subscribe to a better news feed.

Let's consider this conversation closed as it is off topic in this thread.

Have a good day.


Quoting wwwin
You are not making sense, if everyone knew, the price would not have been 110.50 when I posted, it would have been already reflected in the price, ...think before you post. I am not taking credit for anything, I was responding to a post by -RealPips that contained lies, just like I am responding to a non-sensical post by you. And when I posted the original tip, I did not post it on my own, I was asked by you guys to post it...read here, http://www.forexfactory.com/showthre...31#post4480231
Don't you see that I was responding...
  • #7,083
  • Edited 12:57pm Mar 29, 2011 12:30pm | Edited 12:57pm
Quoting fiberangel
wwwin,

When I say everyone knew about it coming I do know what I'm talking. I don't know what you do or what your sources are. But I can tell you that all of our macro traders knew about it coming and were waiting for it to jump on the wagon. You should subscribe to a better news feed.

Let's consider this conversation closed as it is off topic in this thread.

Have a good day.
LOL, but the trick is to call it before it happens not after, anybody can say anything after the fact. Don't need news, too late, called it 4 hours before, you could not have jumped the wagon, as the price moved 200 pips in seconds, and rested at +400 pips. If you tried to jump the wagon with MBT the slippage would have been about 100 pips on a market order and a limit would not have executed.
And I know what I am talking about first hand..I closed part of the position at market and got +96 positive slippage on it.
  • #7,084
  • Mar 29, 2011 1:05pm Mar 29, 2011 1:05pm
You don't know what you're talking about. There were rumours hours before the move happened, which is exactly what fiberangel is saying; they were aware of it and waiting to jump in-- I doubt they were waiting for the actual move itself to start

Glad to see you bragging more of your personal exploits here though! You must have some really shitty self-esteem issues, man.
  • #7,085
  • Edited 1:22pm Mar 29, 2011 1:11pm | Edited 1:22pm
Quoting smittens4212
You don't know what you're talking about. There were rumours hours before the move happened, which is exactly what fiberangel is saying; they were aware of it and waiting to jump in-- I doubt they were waiting for the actual move itself to start

Glad to see you bragging more of your personal exploits here though! You must have some really shitty self-esteem issues, man.
LOL, you are the one that asked me to post, I would not have done it otherwise. And as I said if you tried to "wait and jump in" you would have gotten 100 pips negative slippage for sure. What were they waiting for, divine intervention?? LOL

http://www.forexfactory.com/showthre...31#post4480231
Sorry the answer was not what you expected...you should never ask questions to which you don't know what the answer is going to be!
  • #7,086
  • Mar 29, 2011 4:22pm Mar 29, 2011 4:22pm
Quoting IndyTrader
Well your face sure seemed to get all red about it.

I personally think MBT in generally a good broker besides they have few BIG problem. The first one is critical for SERIOUS trader which I didn't pay attention in the beginning after Learned big lesson by losing over +1000 pips on it.

1. Halt trading every day for 20 minutes everyday. Meaning no connections if you pay attention your mt4 around 5:00pm est.

2. Sometimes limit order didn't get filled instantly.

3. Lately always has connection problem regardless who causing the problem. (MBT always claimed metatrader causes the problem in my memory)


After I moved my accounts away from MBT and now I'm with Dukascopy. I'm very happy with their platform even I have to pay the developer to convert all my EA scripts to their platform. I personally feel more comfortable with Dukascopy since I don't have to worry about Halt trading everyday and miss the Limit order filling.
  • #7,087
  • Mar 30, 2011 9:02am Mar 30, 2011 9:02am
Quoting jleblang
We fire a Fill or Kill order to a bank at 1.2811. If they fill, it’s over. If they kill because they were already moving, then once our system gets that Kill message back, it takes another look at the EURUSD and tries to send another Fill or Kill to a bank at the current offer price (up to 1.2815). Also, if there is a seller on the ECN at the current offer, we hit there first.

But let’s be clear. Even on a marketable Limit order, which I think anyone with an account with us knows that Desktop/Desktop Pro/Nav handles very well, we’re still sending...
Hi Justin,

I refer to your post from 2 Aug 2010. I have a technical question for you wrt executions and fills, specifically when it comes to larger orders.

I was told once by a broker that when they sign up with a liquidity provider for STP, they have a "guarenteed depth of liquidity" of 2 million per bid/ask price. The implication of this is that you can show excellent spreads but they are no good if you can only trade a minilot.

Given the quote above, how does depth of liquidity fit in with your execution model? You mention that you send a fill or kill order to the LP that offers the best price. Now do you take trade size into consideration before sending the order off?

Forgive me if this has been covered in several hundred thread pages, but I am certain you would have considered allowing incremental/cost averaged slippage to improve fills. As a matter of interest, what was your thoughts on this?

I guess my main point is that I am seeing a fair amount of partial fills on smallish trades, so what would I expect if I wanted to trade a fairly big account?
  • #7,088
  • Mar 30, 2011 2:10pm Mar 30, 2011 2:10pm
Can all of You stop writing about Yourself and others?

Let's go back to the discussion what can be improved and how with MBT without repeating over and over again about... Some suggestions how to improve ?
  • #7,089
  • Mar 31, 2011 1:15am Mar 31, 2011 1:15am
Quoting pavikogm
Can all of You stop writing about Yourself and others?

Let's go back to the discussion what can be improved and how with MBT without repeating over and over again about... Some suggestions how to improve ?
Sure. MBT should solve daily maintenance shutdown .and have has other ECN Stp broker full server availability all day long. this might not be easy but should top priority if they really care about customer. On the other end the move to pay for liquidity will over time increase Mbt overall liquidity giving trader better spread and less slippage.
  • #7,090
  • Mar 31, 2011 2:35am Mar 31, 2011 2:35am
Hi,

Is there any ETA on hedging? i've been using MBT for more than a year now (absolutely love it) but no hedging option starts getting on my nerves.

I don't need the exact date or anything, eta in quarters would be okay. Or at least tell us that it's coming in 2011.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #7,091
  • Mar 31, 2011 10:46am Mar 31, 2011 10:46am
Quoting Rfbfx
Sure. MBT should solve daily maintenance shutdown .and have has other ECN Stp broker full server availability all day long. this might not be easy but should top priority if they really care about customer. On the other end the move to pay for liquidity will over time increase Mbt overall liquidity giving trader better spread and less slippage.

Well said...I think daily maintenance shutdown is seriously problem for SERIOUS trade. High risk over if anything happened...Lesson learned from JPY pairs...
  • #7,092
  • Mar 31, 2011 12:41pm Mar 31, 2011 12:41pm
Quoting V4X
Hi,

Is there any ETA on hedging? i've been using MBT for more than a year now (absolutely love it) but no hedging option starts getting on my nerves.

I don't need the exact date or anything, eta in quarters would be okay. Or at least tell us that it's coming in 2011.
I was under the impression that last year's (or was it 2009?) NFA regulation forced US brokers to abandon hedging (in one account). The workaround would be to open two accounts.
  • #7,093
  • Mar 31, 2011 12:48pm Mar 31, 2011 12:48pm
Thanks for all the info. I have been following this thread for 3 weeks now and considering all the pros (from cheerleaders) and cons (from those complaining) posted here, I have come to a conclusion that this broker is not for me.

The prolong server shut down where you can't execute your trade (even if you have placed a stoploss) is something I can't accept for my style of trading.

Be it "cheerleaders" or "whiners", all are giving valid and valuable information to help me consider if this is the broker for me. Thanks.
  • #7,094
  • Mar 31, 2011 1:41pm Mar 31, 2011 1:41pm
Quoting smittens4212
I was under the impression that last year's (or was it 2009?) NFA regulation forced US brokers to abandon hedging (in one account). The workaround would be to open two accounts.
That is the workaround. Works great. :-)
  • #7,095
  • Mar 31, 2011 5:41pm Mar 31, 2011 5:41pm
Quoting $$Trader
Thanks for all the info. I have been following this thread for 3 weeks now and considering all the pros (from cheerleaders) and cons (from those complaining) posted here, I have come to a conclusion that this broker is not for me.

The prolong server shut down where you can't execute your trade (even if you have placed a stoploss) is something I can't accept for my style of trading.

Be it "cheerleaders" or "whiners", all are giving valid and valuable information to help me consider if this is the broker for me. Thanks.

If MBT can solve this daily shut down problem... I mite open an account with them again. In general, mbt is good broker...But shutdown trading for 20 minutes everyday from 5:00pm est...It is seriously problem for who are serious trader. It makes the SL for position useless to minimize the risk.
  • #7,096
  • Apr 1, 2011 1:23am Apr 1, 2011 1:23am
Quoting smittens4212
I was under the impression that last year's (or was it 2009?) NFA regulation forced US brokers to abandon hedging (in one account). The workaround would be to open two accounts.
Correct, but they have been working on a workaround with the lawyers since 2010, still no news.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #7,097
  • Apr 1, 2011 2:07am Apr 1, 2011 2:07am
Quoting surewin888
If MBT can solve this daily shut down problem... I mite open an account with them again. In general, mbt is good broker...But shutdown trading for 20 minutes everyday from 5:00pm est...It is seriously problem for who are serious trader. It makes the SL for position useless to minimize the risk.
Heck I think everyone would be happy if they kept it to 5 minutes like their website says. You know, I didn't get caught in the JPY mess last week, but I've been with them for 5 years and I always knew and understood what it meant that they were down for a window at 5 pm EST. Never really mattered to me because I don't trade around that time or really hold positions, but I knew the risk. So here we have 1 day out of how many years where a bank intervention occurs right at that window. Granted, it seems like this window has grown lately and is hitting 10-15 minutes too often, still doesn't affect me the way that I trade, but why is it getting wider rather than smaller over time. Reality: even brokers that weren't shut down had issues on that move and some just stopped trading the JPY completely. But I think MB needs to address this issue for people where this matters and figure out how to get that downtime...if they can't eliminate because the banks go offline...down to as few minutes as possible consistently. Heck, the futures market is closed for a window each day too. They are too good a broker overall to not be able to solve this one issue.
  • #7,098
  • Edited 9:36am Apr 1, 2011 4:21am | Edited 9:36am
I forgot what date today is... made me think...

Thank God MBT release "Pay For Limit" earlier. Not Today
  • #7,099
  • Apr 1, 2011 10:26am Apr 1, 2011 10:26am
Quoting V4X
Hi,

Is there any ETA on hedging? i've been using MBT for more than a year now (absolutely love it) but no hedging option starts getting on my nerves.

I don't need the exact date or anything, eta in quarters would be okay. Or at least tell us that it's coming in 2011.
why do you need hedging? if your long and you then go short the same amount, you are flat but still at risk.....if you close the trade you achieve the EXACT SAME THING! if your long and wrong close the trade!......there is no need to pay an extra commision or spread to be flat just close!!!!!! but even if you could be flat with a hedge your account is still at risk.....I have seen crazy market moves that took out both sides of a hedge and wiped accounts out.....(leaman bros collapse, London train bombings etc etc) hedge can only get you flat in the market at best.......why not just get flat for real and accept the losses?
  • #7,100
  • Apr 1, 2011 10:54am Apr 1, 2011 10:54am
Quoting SnapCracklePip
why do you need hedging? if your long and you then go short the same amount, you are flat but still at risk.....if you close the trade you achieve the EXACT SAME THING! if your long and wrong close the trade!......there is no need to pay an extra commision or spread to be flat just close!!!!!! but even if you could be flat with a hedge your account is still at risk.....I have seen crazy market moves that took out both sides of a hedge and wiped accounts out.....(leaman bros collapse, London train bombings etc etc) hedge can only get you flat in...
so mate do u mean mbt should not allow hedging at all?
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