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MB Trading Futures - Introduction

  • #7,181
  • Apr 8, 2011 4:52am Apr 8, 2011 4:52am
Quoting PoundTrader
are you a newbie?
  • #7,182
  • Apr 8, 2011 5:20am Apr 8, 2011 5:20am
Quoting signorx
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...
From day 1 I use market never limit.

I think those that use limit is like god and know where market is going.

I am not on your level but interested if you are willing to share.
  • #7,183
  • Apr 8, 2011 11:07am Apr 8, 2011 11:07am
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
the question is, what are you going to do about it on your side?
if you don't have a liquidity problem then it must be badly
configured servers, software,
or something I don't have a clue about.
Roughtrader,

As I have already posted, I need your information to be able to help you research this. Period. We do not have a global “widely known” problem here, and I have asked three people now that are posting on this thread that there is a problem to private me so we can look into it. None of the three have done so. Not one.

A few months back, we had a complainer on this thread who was claiming to have delays. He contacted me in private when I requested. Turns out, he was down on an island in the Caribbean. We helped him set up a VPS near our office and all of his problems went away.

So let me be clear. We have thousands of traders. If you want us to help you resolve, please send me your information and we will get to the bottom of it and I will happily post the results on this thread. Otherwise, no, I won’t just accept or allow you to state that we have some global widely known problem. If there is one and you and I can figure it out, then I’ll be happy to share with everyone and tell you what solution we are working on.
  • #7,184
  • Apr 8, 2011 11:10am Apr 8, 2011 11:10am
Quoting pavikogm
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
Pavikogm,

Yes, it appears that there was an issue with clearing yesterday that caused rollover to be extended.
  • #7,185
  • Apr 8, 2011 11:10am Apr 8, 2011 11:10am
Quoting V4X
Hi,

Can you answer the question about hedging and when it might be available?
I cannot comment at this time.
  • #7,186
  • Apr 8, 2011 11:11am Apr 8, 2011 11:11am
Quoting PoundTrader
never
Incorrect.
  • #7,187
  • Apr 8, 2011 11:22am Apr 8, 2011 11:22am
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...
Ricx,

Could you please, either on this thread or in private, walk me through a trade by trade example where hedging would be necessary and beneficial? I’m not making any statements about our plans, but I would just like to see your thoughts on an actual example of hedging and why it would be useful.

Just give me an example like “Buy 10 EURUSD 1.5000, now hedge sell 5 EURUSD 1.5050, cover at…”

Etc.
  • #7,188
  • Apr 8, 2011 11:46am Apr 8, 2011 11:46am
Quoting jleblang
Incorrect.
so your gonna offer hedging?
  • #7,189
  • Apr 8, 2011 1:01pm Apr 8, 2011 1:01pm
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.

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.

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.
My response was more a general post re: working with your broker to figure out if there (a) is a legitimate problem and (b) how to get it fixed. I'm glad you've messaged MBT to figure out what the problem is, that is exactly how it should be approached. What I don't think is acceptable is to post that there's a problem and demand MBT fix it, only to not actually provide any real details that could, you know, allow them to look into it. Like...

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
What possible reason could one have for not providing details to their broker that are going to help them fix the problem?

You have to admit that this is not helpful at all. Data operations and networking is really, really complex these days. I'm not experiencing slow execution, you are, but maybe we are on two completely different ticker plants, or being routed through completely different networks, in which case just saying "there's a problem" doesn't really help anyone.
  • #7,190
  • Apr 8, 2011 1:11pm Apr 8, 2011 1:11pm
Quoting torroray
Any alternative broker for scalper?
MBT is working to improve the issues. Most brokers will scalp you as they are dealers and work against you. MBT is not trying to scalp us, its more of a problem built into the limitations of STP.
  • #7,191
  • Apr 8, 2011 1:12pm Apr 8, 2011 1:12pm
Quoting smittens4212
What I don't think is acceptable is to post that there's a problem and demand MBT fix it, only to not actually provide any real details that could, you know, allow them to look into it. Like...
K, i agree. We definitely don't want the thread to get derailed by spammers from other broker, or just losing traders looking to blame. (not pointing finger at anyone)
  • #7,192
  • Apr 9, 2011 4:27am Apr 9, 2011 4:27am
Quoting blueJ
K, i agree. We definitely don't want the thread to get derailed by spammers from other broker, or just losing traders looking to blame. (not pointing finger at anyone)
Maybe there should be some list aka "List of noticed things to improve" in one place with detailed explanation of the "thing". It can be easily tracked and the thread won't be scattered every week with many pages of....
My suggestions:
1. Rollover maintenance - can it be minimized to 5-8 minutes?
2. Limitation of STP which sometimes affects scalpers - can it be improved?

Maybe someone good in english can explain in detail what's happenning and what it means, so there is no need to fight personally in this thread.
  • #7,193
  • Apr 9, 2011 10:48am Apr 9, 2011 10:48am
Friday apprx 1 hour before close my MBT Demo Desktop Pro quit updating the charts portion, however I was gettig current quotes working and doing fine???? To make it even more weird I had a Fxdd MT4 Demo platform up and the charts quit also. I shut down re booted neither chart would update. Today (Sat) they both are still stuck same place lacking over 1 hr of data. Any thoughts???????????????
  • #7,194
  • Apr 9, 2011 12:30pm Apr 9, 2011 12:30pm
Quoting jleblang

Could you please, either on this thread or in private, walk me through a trade by trade example where hedging would be necessary and beneficial? I’m not making any statements about our plans, but I would just like to see your thoughts on an actual example of hedging and why it would be useful.

.
It is the difference of running a strategy on a 4 hour chart and running a different (or same) strategy on a 5 minute chart. There will be times where you are long the 4 hour for hours/days/weeks and short on the 5 min chart for minutes/hours.

It isnt always about "locking in a loss" to deal with at a later time. Sadly most of the anti hedging crew dont have the forethought to think they can make profits on more than 1 timeframe at a time.
  • #7,195
  • Apr 10, 2011 7:25am Apr 10, 2011 7:25am
Quoting traderjai_inhi
It is the difference of running a strategy on a 4 hour chart and running a different (or same) strategy on a 5 minute chart. There will be times where you are long the 4 hour for hours/days/weeks and short on the 5 min chart for minutes/hours.

It isnt always about "locking in a loss" to deal with at a later time. Sadly most of the anti hedging crew dont have the forethought to think they can make profits on more than 1 timeframe at a time.
A sub-account will take care of this situation. It is already offered... just ask to open one.
  • #7,196
  • Apr 10, 2011 11:42am Apr 10, 2011 11:42am
Quoting traderjai_inhi
It is the difference of running a strategy on a 4 hour chart and running a different (or same) strategy on a 5 minute chart. There will be times where you are long the 4 hour for hours/days/weeks and short on the 5 min chart for minutes/hours.

It isnt always about "locking in a loss" to deal with at a later time. Sadly most of the anti hedging crew dont have the forethought to think they can make profits on more than 1 timeframe at a time.
Please tell me what would happen if your strategy told you that you should be long 1 lot on the 4 hour timeframe and short 1 lot on the 5 minute timeframe, what would your net P&L be? This may clear up a lot of issues.
  • #7,197
  • Apr 10, 2011 3:41pm Apr 10, 2011 3:41pm
Quoting usw
Please tell me what would happen if your strategy told you that you should be long 1 lot on the 4 hour timeframe and short 1 lot on the 5 minute timeframe, what would your net P&L be? This may clear up a lot of issues.
They could both be winners, they could both be losers either one can win while the other loses.

For example, on a four hour chart you may be long for 4, 24 hour days in a row, meanwhile, you may be taking shorter term trades in the direction of your 4 hr trade by buying dips and selling short term highs.

So why not just but all the capital on the four hour trade?

Faster account growth by capturing compounding returns built up on the smaller time frame.

So why not but all the capital to work on the smaller time frame?

Allocating some capital to the longer time frame smooths out the volaility in the entire account.

Don't think of it on a trade by trade basis.... think of it more along the lines of managing risk in a portfolio by allocating some capital to slower account growing (less trades, less compounding) longer time frame trades, and some capital to higher frequency, higher risk, greater compounding faster account growing small time frame trades.

If one wanted to practice such a style of trading, it is already possible, has, to the best of my knowledge, always been possible with a sub-account at MB.
  • #7,198
  • Edited 5:52pm Apr 10, 2011 5:42pm | Edited 5:52pm
Quoting signorx
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...
you are right, price is everything,
I DO use limit orders OK, but when the market is moving really fast,
or is changing direction suddenly, which btw are my ideal entrys ,
and you see the market is spiking away, you wan't to get in "on the spot" so to speak,
you really don't have the time to fidle with limit orders in this case
because too many pips will get lost, and you also have to wait until you get filled at your price,
if the market moves really fast, there is a big chance you won't get filled cus the market already passed your price,
with a market order, BAM your'e in, this is where market orders are most useful,
price is everything, you get more pips this way even if you get a worse price. even with MBT's 1.95
when the market is at normal pace I also use limit orders.
if you can use limit orders when scalping fast markets,
then good for you, I just never got the hang of it.
I think I could only do it if I had a DOM,
are you using NT? in that case I can understand you.

Cheers
Bulls are stupid Animals!especially when Im short!
  • #7,199
  • Apr 11, 2011 12:09am Apr 11, 2011 12:09am
Quoting pavikogm
Maybe there should be some list aka "List of noticed things to improve" in one place with detailed explanation of the "thing". It can be easily tracked and the thread won't be scattered every week with many pages of....
My suggestions:
1. Rollover maintenance - can it be minimized to 5-8 minutes?
2. Limitation of STP which sometimes affects scalpers - can it be improved?

Maybe someone good in english can explain in detail what's happenning and what it means, so there is no need to fight personally in this thread.
They already have a place for this that will get you much more notice than the ForexFactory thread:

http://www.mbtsoftware.com/vote/
  • #7,200
  • Apr 11, 2011 2:21am Apr 11, 2011 2:21am
Quoting roughtrader
you are right, price is everything,
I DO use limit orders OK, but when the market is moving really fast,
or is changing...
yes of course DOM is fundamental for entering orders, I use Multicharts DT
DOM interface, it's rocks and it's free! Get a try!

regards
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