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MB Trading Futures - Introduction

  • #7,121
  • Apr 4, 2011 10:18am Apr 4, 2011 10:18am
Quoting signorx
Justin,

It's true that you have start a partnership with multicharts? If it's true may have same more info?

thanks
I am using MultiCharts Discretionary Trader. Its free.

But data feed from MBT sucks.
  • #7,122
  • Apr 4, 2011 10:24am Apr 4, 2011 10:24am
Quoting signorx
Justin,

It's true that you have start a partnership with multicharts? If it's true may have same more info?

thanks
Yes, we are now integrated with Multicharts. On 4.12 we are hosting a webinar together, you might want to join Webinars.
  • #7,123
  • Apr 4, 2011 11:23am Apr 4, 2011 11:23am
Don't want to be called a cheerleader , but I've been using MCDT with MBT feed and no problems so far. I do not execute through MCDT though, only through Desktop. So I have 1 login for MC and 1 login for Desktop and run both side by side.

Can you elaborate why you think MBT feed is not good enough for you?

Have a good day,

Quoting torroray
I am using MultiCharts Discretionary Trader. Its free.

But data feed from MBT sucks.
  • #7,124
  • Apr 4, 2011 12:09pm Apr 4, 2011 12:09pm
I am trying MT4 DEMO from MBT with an intention of opening a live account with them. Their MT4 platform does not allow me to set an open stop order in the opposite direction of the ongoing trade, at the same SL price, i.e. when the on-going trade got stopped out, this open order will be triggered in the reverse direction, at that same SL price.

The message came up " hedge is prohibited"

I don't know why they consider that hedging, when new order starts after the end of the on-going trade (that got stopped out).

Other US MT4 brokers, IBFX, FXDD, OANDA, ATC Brokers do not have this limitation.

MBT MT4 is the first broker (US and non-US) that I experienced this.
  • #7,125
  • Apr 4, 2011 6:49pm Apr 4, 2011 6:49pm
Quoting fiberangel
Don't want to be called a cheerleader , but I've been using MCDT with MBT feed and no problems so far. I do not execute through MCDT though, only through Desktop. So I have 1 login for MC and 1 login for Desktop and run both side by side.

Can you elaborate why you think MBT feed is not good enough for you?

Have a good day,

Hi,

I compare with Desktop Pro and see that data feed for other platform like NT7 and MCDT lagging.

If you are a swing trader this shouldnt be a problem but not if you build your chart with tick data for range bar or other that require accurate tick data.

Data feed is not a main priority for MBT even if they mention on their website they provide historical data.

Its difficult to test ideas if you dont have sufficient quality data.
  • #7,126
  • Apr 5, 2011 8:11am Apr 5, 2011 8:11am
Hi Jleblang,

I have asked to MBT staff what time does the dialy candle begin and someone said "midnight EST" but as you can see in the screen shot this information is incorrect.

Please my desktop time is GMT -3

In the image you will se the Navigator time is 21:06 EDT and the black window the April 5th candle with open, max, min and close values.


I need the right information in order to set up my schedule.

Best regards,


Marcello Dundi
Attached Image (click to enlarge)
Click to Enlarge Name: Eurusd print.jpg Size: 219 KB
  • #7,127
  • Apr 5, 2011 10:24am Apr 5, 2011 10:24am
Hi Justin,

I would like to know when public beta of MBT Web will be available, and if and when a blackberry version of MBT mobile will be released!

thank you!
  • #7,128
  • Apr 5, 2011 11:14am Apr 5, 2011 11:14am
Here are some of the webinar highlights for the next two weeks - remember, these are all free to join.

4/5/2011 8:00:00 PM
MBT Desktop Pro: Basic Forex Training
This webinar will go over the functionality of the MBT Desktop Pro for Forex. The topics will include set up, overall features, preferences, order entry, and a question and answer session.

4/6/2011 8:00:00 PM
NinjaTrader & MB Trading
This Webinar will train you how to integrate NinjaTrader with the MBT Navigator and how your MB Trading account works with this platform. Additionally, there will be training on the basic features of NinjaTrader, and the comparison with aspects of the MBT Navigator.

4/7/2011 8:00:00 PM
MBT Desktop Pro: Advanced Forex
This webinar will train you on the advanced features of the MBT Desktop Pro in regard to Forex. The topics will include advanced preferences, advanced order entry, and charting options. It will be followed by a question and answer session.

4/11/2011 8:00:00 PM
MetaTrader 4 & MB Trading
This training will go over the basic functionality of MetaTrader 4 in correlation with MB Trading. The topics will include set up, overall features, preferences, order entry, and charting. The training will also discuss the differences between MB Trading's ECN (non-deal desk) MT4 versus generic MT4 concerning Expert Advisors and other areas.

4/12/2011 8:00:00 PM
MultiCharts and MB Trading: From Creating Charts to Placing Orders
This webinar will provide a brief overview of using the MultiCharts platform with MB Trading data and brokerage. You will learn all you need to get started - how to add symbols, create charts, add analysis studies, and place orders.

4/13/2011 8:00:00 PM
Tradesight: Anatomy of a Trade
There is more to successful stock picking than just chart patterns. Come hear Mark Likos of Tradesight.com discuss a conservative approach to stock play that he has developed over the last two decades to keep him on the right side of the market.

4/21/2011 8:00:00 PM
OneStepRemoved: Make Your Own Expert Advisor
Learn how to turn your trading strategy into an Expert Advisor with Shaun Overton from OneStepRemoved.com. Shaun will take you through the basics of forming an idea, defining it as a set of rules and showing you how to program and test the idea in MetaTrader 4. The webinar will equip traders with insights into the strategy development process and next steps to potentially bring your ideas to a higher level.

Register here for any of the above
  • #7,129
  • Apr 5, 2011 11:18am Apr 5, 2011 11:18am
Quoting signorx
Hi Justin,

I would like to know when public beta of MBT Web will be available, and if and when a blackberry version of MBT mobile will be released!

thank you!
Signorx,

I don't have a date on either right now. I can tell you, MBT Web is getting close and before the Blackberry version is out, we will be releasing the Android into full production and iPad into Beta.
  • #7,130
  • Apr 5, 2011 8:30pm Apr 5, 2011 8:30pm
Again today I had an order take 9 seconds to execute. The price wasn't moving far, just fast. This is a real issue. 1 person could mess up the whole MBT system with hotkeys and just bid/cancel, bid/cancel, lightening fast and MBT won't be able to route any orders.
  • #7,131
  • Apr 5, 2011 11:59pm Apr 5, 2011 11:59pm
Quoting blueJ
Again today I had an order take 9 seconds to execute. The price wasn't moving far, just fast. This is a real issue. 1 person could mess up the whole MBT system with hotkeys and just bid/cancel, bid/cancel, lightening fast and MBT won't be able to route any orders.
I would like to see this issue addressed as well. The STP is essentially non-functional in fast markets, quotes freeze and it's nearly impossible to get filled with a market order at the price extremes. Slippage would be understandable, but waiting 10+ seconds is not.
  • #7,132
  • Apr 6, 2011 2:08am Apr 6, 2011 2:08am
Quoting usw
I would like to see this issue addressed as well. The STP is essentially non-functional in fast markets, quotes freeze and it's nearly impossible to get filled with a market order at the price extremes. Slippage would be understandable, but waiting 10+ seconds is not.
most of these problems started when they started paying for limit orders, seems like they now only have 1 or 2 LP in there system.
  • #7,133
  • Apr 6, 2011 3:53am Apr 6, 2011 3:53am
Quoting PoundTrader
most of these problems started when they started paying for limit orders, seems like they now only have 1 or 2 LP in there system.
Really? in that case i think MBT should scrap their "pay for limits orders" scheme and spend to improve the connectivity,filling for opening/closing orders,etc instead. it seem like MBT's platform is really getting more 'unstable' nowadays? how,justin? u guys at MBT doing anything abt it?
  • #7,134
  • Apr 6, 2011 4:01am Apr 6, 2011 4:01am
Quoting usw
I would like to see this issue addressed as well. The STP is essentially non-functional in fast markets, quotes freeze and it's nearly impossible to get filled with a market order at the price extremes. Slippage would be understandable, but waiting 10+ seconds is not.
Are they moving towards the bucketshop direction?
  • #7,135
  • Apr 6, 2011 4:34am Apr 6, 2011 4:34am
Quoting torroray
Are they moving towards the bucketshop direction?
In march I have made 622 trades on EUR/USD and I haven't had any type of issue with connection or filling. In my opinion MBT is one of the best broker available, and pay for limits is great for people like me that use a lot of limit orders.
  • #7,136
  • Apr 6, 2011 4:54am Apr 6, 2011 4:54am
Quoting PoundTrader
most of these problems started when they started paying for limit orders, seems like they now only have 1 or 2 LP in there system.
Have it ever crossed your mind that there might not be any LP at all and we all trade amongst our-self and MBT have some algo running to hedge its risk with Tier 1 Banks. And those Level II figures are just display just to satisfy the NDD STP category.
  • #7,137
  • Apr 6, 2011 4:56am Apr 6, 2011 4:56am
Quoting signorx
In march I have made 622 trades on EUR/USD and I haven't had any type of issue with connection or filling. In my opinion MBT is one of the best broker available, and pay for limits is great for people like me that use a lot of limit orders.
Good for you.
  • #7,138
  • Apr 6, 2011 8:11am Apr 6, 2011 8:11am
Quoting torroray
Have it ever crossed your mind that there might not be any LP at all and we all trade amongst our-self and MBT have some algo running to hedge its risk with Tier 1 Banks. And those Level II figures are just display just to satisfy the NDD STP category.
  • #7,139
  • Apr 6, 2011 8:48am Apr 6, 2011 8:48am
Quoting torroray
Have it ever crossed your mind that there might not be any LP at all and we all trade amongst our-self and MBT have some algo running to hedge its risk with Tier 1 Banks. And those Level II figures are just display just to satisfy the NDD STP category.
Zero chance that any broker's customers put up anywhere near enough liquidity to satisfy the other side.

Zero chance that the NFA would allow them to state that they have banks in their system when they did not, given the regulatory process.

Zero chance that MBT is moving in the "bucketshop" direction. If anything, they are moving further away from the rest of the industry.

I ran my logs for March. 450 orders executed. Less than 15 took more than two seconds. Hate to say it to you newbies, but the market moves around. It doesn't always sit still and give a target to fill your orders. If you want that, try a bucketshop, and good luck.
FXChant Singing the World of Forex
  • #7,140
  • Apr 6, 2011 9:10am Apr 6, 2011 9:10am
Quoting fxchant
Hate to say it to you newbies, but the market moves around. It doesn't always sit still and give a target to fill your orders. If you want that, try a bucketshop, and good luck.
So if the market 'moves around', its ok for a market or stop order to take up to minute to fill? Ok...

Obviously there is a reliability problem in their order execution logic, under specific circumstances. Just because you have been lucky, doesnt mean it isnt there. There have been numerous independet reports about this now. Can't you see what a stop-loss order executing a minute late could potentially do to your account?
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