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MB Trading Futures - Introduction

  • #7,161
  • Edited 7:53am Apr 7, 2011 7:41am | Edited 7:53am
Quoting torroray
Are you a scalper?
Quoting signorx
Hi, Why you scalp with market orders?
yes I am a scalper, that is why fast executions are so important to me, I need to get in and out very fast. I use both limit, stop limit and market orders, generally I find limit orders are too slow for me in fast mooving markets, it depends how fast I want to get in if I use them or not, I know I will get a price less good but market orders get filled faster, and that will be worth more in the end, but ofcource not if the executions are up to 5 secs :/ I can see what you mean with limit orders but I think that will only work with a trend since you need to know which way it's going?
Bulls are stupid Animals!especially when Im short!
  • #7,162
  • Apr 7, 2011 10:00am Apr 7, 2011 10:00am
Quoting roughtrader
yes I am a scalper, that is why fast executions are so important to me, I need to get in and out very fast. I use both limit, stop limit and market orders, generally I find limit orders are too slow for me in fast mooving markets, it depends how fast I want to get in if I use them or not, I know I will get a price less good but market orders get filled faster, and that will be worth more in the end, but ofcource not if the executions are up to 5 secs :/ I can see what you mean with limit orders but I think that will only work with a trend since...
True.

Saw the tick chart so entry is important for success.
  • #7,163
  • Apr 7, 2011 1:09pm Apr 7, 2011 1:09pm
Quoting roughtrader
somehow I knew you was going to say that.
the slow execution of MBT is widely known
so having a look at my acount won't solve the problem
I can understand that you don't want to admit this in public,
the 5 secs was an extrem, but it has happend more than once
I'm not disputing there's a problem, but when you've got a number of traders who have not experienced the problem to the extent you say you have, over the course of hundreds or thousands of trades, it's difficult to just accept that there is in fact a "widely known" problem.

Does a few posters who haven't really provided any evidence that this is in fact happening other than their own anecdote count as "widely known"? This type of post is exactly what I was talking about earlier.

Claiming there's a problem and saying "FIX IT!" is not how these things work. I can definitely attest to what Justin is saying, because that is how things work in the industry. When clients write or call our customer service, they provide as many details as possible so that CS can go to our data, product, network teams, whoever it may be and narrow down what the issue might be. Operations are extremely complex and technical, and pinning down a problem can be very difficult when you're starting with nothing other than a vague statement. Of course everyone is trying their best to catch these things as they happen, but in general we absolutely rely on our customers to let us know when they have problems, the more info the faster we will be able to resolve their problem (and just like this thread, our customers are wrong about their issues all the time).
  • #7,164
  • Apr 7, 2011 4:19pm Apr 7, 2011 4:19pm
Just to keep track of these problems. Again Order Server is shut down today for so long - now 5:19 PM EST.

MBT please do something with this.

Regards
  • #7,165
  • Apr 7, 2011 4:40pm Apr 7, 2011 4:40pm
Quoting smittens4212
I'm not disputing there's a problem, but when you've got a number of traders who have not experienced the problem to the extent you say you have, over the course of hundreds or thousands of trades, it's difficult to just accept that there is in fact a "widely known" problem.

Does a few posters who haven't really provided any evidence that this is in fact happening other than their own anecdote count as "widely known"? This type of post is exactly what I was talking about earlier.

Claiming there's a problem and saying "FIX IT!" is not...
Every afternoon after the rollover this week, off, on, off, on....it's a fact jack....it just did it as I'm typing now, and it can continue up till Tokyo and beyond....did it cause me problems, no it didn't as i trade lightly or not at all after NY...but it could have and it is unprofessional, Minor league, Mickey Mouse KaKa!

So Justin, what is MBT doing to fix these problems? Or are you going to say, well I don't see any gaps today. Still not back on, couple of minutes now and we are 40 minutes past rollover.

cheers all
  • #7,166
  • Apr 7, 2011 4:50pm Apr 7, 2011 4:50pm
I'm not talking about rollover, which is an obvious issue that no one is disputing is there and should be reduced as much as possible, more talking about these phantom one minute + executions, crazy slippage, etc. that people complain about but mysteriously rarely ever seem to stick around long enough to provide proof, other than to say "It's MBTs fault I lost money, fix it!"
  • #7,167
  • Apr 7, 2011 8:00pm Apr 7, 2011 8:00pm
Quoting smittens4212
I'm not talking about rollover, which is an obvious issue that no one is disputing is there and should be reduced as much as possible, more talking about these phantom one minute + executions, crazy slippage, etc. that people complain about but mysteriously rarely ever seem to stick around long enough to provide proof, other than to say "It's MBTs fault I lost money, fix it!"
I've stuck around.
I've posted pictures of orders, and charts showing the problems.
I've sent Justin pm's.
Still no replies.

The fact is that they can't hit STP when the quotes move fast, whether it's a market order that sits on their server for a minute, or a limit order that is crossed repeatedly but not executed.

They need to implement a solution. They need to discuss this and reassure customers that they are taking this seriously and looking into solutions.

I'm not blaming MBT for anything, I am asking them for solutions.

What I want to know is why are you and FXchant shooting down legitimate problems so they don't get the proper attention they deserve.

Fixing the problem I am bringing up will benefit all customers, whether you have already noticed the problem or not.

Stop the cheerleading for just a little while. I realize there are good things about MBT and thats why i'm posting and thats why I still have an account there. We don't need cheerleading every time a problem is posted trying to minimize the other customers legitimate problem.

When you start cheerleading on your own, do I jump in and say you are just 1 customer and everyone else is having problems? No. So don't do the opposite when I post legitimate problems.
  • #7,168
  • Apr 7, 2011 8:09pm Apr 7, 2011 8:09pm
Quoting blueJ
I've stuck around.
I've posted pictures of orders, and charts showing the problems.
I've sent Justin pm's.
Still no replies.

The fact is that they can't hit STP when the quotes move fast, whether it's a market order that sits on their server for a minute, or a limit order that is crossed repeatedly but not executed.

They need to implement a solution....
Spot On! yup,problems do occur at my LIVE MT4 and Desktop Pro acct,but to be fair to MBT its not as frequent as other MT4,seriously problems needed to be addressed and solved,or else i can sense alot of frustration on-going here!
  • #7,169
  • Apr 8, 2011 12:45am Apr 8, 2011 12:45am
Quoting blueJ

Stop the cheerleading for just a little while. I realize there are good things about MBT and thats why i'm posting and thats why I still have an account there. We don't need cheerleading every time a problem is posted trying to minimize the other customers legitimate problem.

When you start cheerleading on your own, do I jump in and say you are just 1 customer and everyone else is having problems? No. So don't do the opposite when I post legitimate problems.
Agreed.

This is not some sports franchise that you support as a fan.

He address a problem that needed to solved.
  • #7,170
  • Edited 1:51am Apr 8, 2011 1:24am | Edited 1:51am
Quoting smittens4212
I'm not disputing there's a problem, but when you've got a number of traders who have not experienced the problem to the extent you say you have, over the course of hundreds or thousands of trades, it's difficult to just accept that there is in fact a "widely known" problem.
actually, you got a number of traders who isn't scalpers,
normal day traders probably don't have this problem,
that is why you see so many claiming there is no problem,
but I can assure you, if this wasn't a problem I wouldn't post it,
and I can also assure you that MBT and Justin is well aware of this,
the question is what are they going to do about it, or maybe they don't give a damn?
I have nothing against MBT exept this, they are a good and honest brooker,
but when there is a problem, it's allways good to talk about it.
and they need to let us know how they are going to fix it.
instead of telling me that they never heard of anyone having this problem,
most people are day traders not scalpers,
they enter trades more long term,
even if it's just for the day,
since they probably will be making a lot of pips on their trades
they won't mind or even take note of the execution time,
so ofcource they will claim there is no problem, they just don't
experience there is any problem for them.
but when your goal isn't to make a lot of pips,
more like 3-5 pips per trade,
and you make hundreds of trades every day,
the time it takes before you get filled is the key
between success and failure.
it become a serious problem if it's slow.
every trade cost more than if have to,
and it's quickly piling up,
because you have to enter right on the spot,
if price move slightly, your'e off the spot and loosing money,
if you look around the forums you will also see many posts
claiming there is a problem with this.
but I will correct my last post by saying that
MBTs execution time is widely known by scalpers. (not usual traders)
if MBT wan't us scalpers to remain as customers
they got to do something about this,
afterall, we probably pay 100 times more in commission than usual traders
execution times should be in milliseconds,
with a pure ECN broker as MBT I expect that much.
Bulls are stupid Animals!especially when Im short!
  • #7,171
  • Apr 8, 2011 1:50am Apr 8, 2011 1:50am
Quoting jleblang
blueJ,

Can you fill me in a little more on what you mean by that? How does one person’s hotkeys “mess up the whole MBT system”?
Hi,

Can you answer the question about hedging and when it might be available?
"Everyone gets what they want out of the market." -- Ed Seykota
  • #7,172
  • Apr 8, 2011 2:25am Apr 8, 2011 2:25am
Quoting V4X
Hi,

Can you answer the question about hedging and when it might be available?
never
  • #7,173
  • Apr 8, 2011 2:45am Apr 8, 2011 2:45am
Quoting roughtrader
actually, you got a number of traders who isn't scalpers,
normal day traders probably don't have this problem,
that is why you see so many claiming there is no problem,
but I can assure you, if this wasn't a problem I wouldn't post it,
and I can also assure you that MBT and Justin is well aware of this,
the question is what are they going to do about it, or maybe they don't give a damn?
I have nothing against MBT exept this, they are a good...
Any alternative broker for scalper?
  • #7,174
  • Apr 8, 2011 2:50am Apr 8, 2011 2:50am
Quoting PoundTrader
never
see this is exactly what i've been talking about people who don't like hedge are like this, if mbt open in other country which not restricted by law said hedge is bla bla bla, that is good. hedgers would love that, and i guess that wont do any harm to hedge haters too...

hedger haters give it up guys. there are still hedge demand in this world who is understand how to hedge. hence they say this and that regulate this and that.

hedge is just like any other trading system in the world, like arbitrage or candlestick that is a method to make money to who understand and know a way to do it, so please don't slash our demand to mbt about hedges by keep bringing negativeness to mbt about hedges.
  • #7,175
  • Apr 8, 2011 2:54am Apr 8, 2011 2:54am
Quoting Ricx
see this is exactly what i've been talking about people who don't like hedge are like this, if mbt open in other country which not restricted by law said hedge is bla bla bla, that is good. hedgers would love that, and i guess that wont do any harm to hedge haters too...

hedger haters give it up guys. there are still hedge demand in this world who is understand how to hedge. hence they say this and that regulate this and that.

hedge is just like any other trading system in the world, like arbitrage or candlestick that is a method to make money...
most ecn brokers don't offer hedge, has nothing to do with me liking or disliking hedge.
  • #7,176
  • Apr 8, 2011 3:12am Apr 8, 2011 3:12am
Quoting PoundTrader
most ecn brokers don't offer hedge, has nothing to do with me liking or disliking hedge.
those are US regulated brokers
  • #7,177
  • Apr 8, 2011 3:33am Apr 8, 2011 3:33am
Quoting Ricx
those are US regulated brokers
are you a newbie?
  • #7,178
  • Apr 8, 2011 3:39am Apr 8, 2011 3:39am
Quoting Ricx
hedger haters give it up guys. there are still hedge demand in this world who is understand how to hedge. hence they say this and that regulate this and that.
I think you're on to something here. "Hedging" was too profitable so the man shut it down.
  • #7,179
  • Edited 4:08am Apr 8, 2011 3:47am | Edited 4:08am
Quoting torroray
Any alternative broker for scalper?
What you mean for scalping? This morning I have made 25 trades in less than
1 hour, so a trade every 2.4 minutes, all my entry was made by limit order!
No problems at all. Really I don't understand why a scalper, should be use
market order, price is everything in scalping and if you can't get a trade
because market don't take your price is not a problem, there
are a plenty of opportunity every minute!
And if you really want get actual market price why you don't use a limit order at bid/ask price instead of a market order??

Scalping + Pay for Limit is a bomb, in my opinion you can't ask anything better!
  • #7,180
  • Apr 8, 2011 3:48am Apr 8, 2011 3:48am
Back on topic, I agree with bluej. I've talked to support on the phone as well and heard similar things. Essentially when prices are moving quickly the STP system has trouble hitting the liquidity providers as the price has moved every time it attempts to execute, which leads to extremely slow execution times. That said, I want to be clear that MBT is a great broker and I highly recommend them. I understand no exchange or broker is perfect, I'm just hoping they can come up with a better solution for market orders in times of high volatility.
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