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MB Trading Futures - Introduction

  • #7,461
  • Edited 9:07pm May 27, 2011 8:52pm | Edited 9:07pm
Quoting IndyTrader
Says the guy that couldn't explain himself for two months.
http://www.moneytec.com/forums/f46/w...me-sales-3816/
http://www.esignal.com/map/fxcm/default.aspx
http://www.interactivebrokers.com.hk...tTimeSales.htm

OH, you did not know that brokers provide time and sales data for FX. What a noob. No wonder you are infatuated.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: time_sales.JPG Size: 77 KB
  • #7,462
  • May 28, 2011 1:18am May 28, 2011 1:18am
Quoting wwwin
http://www.moneytec.com/forums/f46/w...me-sales-3816/
http://www.esignal.com/map/fxcm/default.aspx
http://www.interactivebrokers.com.hk...tTimeSales.htm

OH, you did not know that brokers provide time and sales data for FX. What a noob. No wonder you are infatuated.
No, actually, having had accounts now with over a dozen brokers, I'm exactly aware of which provide what. I'm just not dumb enough to think that someone showing you a list of prints means anything.
  • #7,463
  • May 28, 2011 10:09am May 28, 2011 10:09am
Quoting IndyTrader
No, actually, having had accounts now with over a dozen brokers, I'm exactly aware of which provide what. I'm just not dumb enough to think that someone showing you a list of prints means anything.
Never said that a list of prints means anything. Show me the post where I said that. The issue was not time and sales meaning anything or giving an advantage. The issue was MB pending orders not being executed when their "time and sales" book showed a print at your pending order price.
  • #7,464
  • May 28, 2011 1:15pm May 28, 2011 1:15pm
Quoting jleblang
....This is simply not the case for FX. There is no time and sales. Trades that occur at broker XYZ between Customer A and their Desk are only known to those two participants. It’s the same reason that charts in FX are based on Bids instead of prints…we don’t know the prints....
OK thank you for the reply. But if you guys don't show time and sales, then what is the picture below, taken from Desktop Pro, from a window that opens when you click the green TS button also pictured. Is that not the time & sales EURUSD from your customers?
Attached Image (click to enlarge)
Click to Enlarge Name: mb_times_sales.JPG Size: 130 KB
Attached Image
  • #7,465
  • May 29, 2011 2:06am May 29, 2011 2:06am
Quoting wwwin
OK thank you for the reply. But if you guys don't show time and sales, then what is the picture below, taken from Desktop Pro, from a window that opens when you click the green TS button also pictured. Is that not the time & sales EURUSD from your customers?
Sigh
  • #7,466
  • May 29, 2011 4:44am May 29, 2011 4:44am
Quoting wwwin
OK thank you for the reply. But if you guys don't show time and sales, then what is the picture below, taken from Desktop Pro, from a window that opens when you click the green TS button also pictured. Is that not the time & sales EURUSD from your customers?
you are working way to hard, just move on
  • #7,467
  • May 29, 2011 2:46pm May 29, 2011 2:46pm
I see that credit card funding is an option for forex accounts. How does withdrawal work? I know credit card deposits must go back to the credit card but don't see an option on website for withdrawal back to a credit card. All I see are check and wire withdrawal.

Also how will things work when a mixture of credit card deposits and let's say wired deposits are in the same account?

Is the credit card withdrawal just a ticket with my CC number for someone to run the card? I would hope this is fully automated with no record of my CC on MBT's end. Reason I ask is I entered a deposit using CC but it never processed - still sitting on MBTs end it seems.

Thanks
  • #7,468
  • May 29, 2011 5:11pm May 29, 2011 5:11pm
Quoting IndyTrader
Sigh
LOL. Here is Time and Sales from NinjaTrader using MB feed. Did you not say that there is no TS on FX and called me a noob b/c I asked about it? You got a lot to learn.
Attached Image
  • #7,469
  • May 29, 2011 7:46pm May 29, 2011 7:46pm
Hi Guys

I will definitvly not consider EFX Group (MB Trading) for several reasons
- I trade a lot w/ MBT w/ Metatrader 4 (ECN NDD live account)

I had huge problems w/ "Quotes off", experiencing frantic situations, like if MBT has a Dealing Desk or something like.
The support said to me, every time
"Re-install the software "
"Re-install the software "
"Re-install the software "
like perrots

The problem also, to have a customer support in India, gives a very devastating image of MBT, due to the fact, the english over phone, is quite difficult to understand, also, the notion of time ("When I speaking of critical emergency"), for this customer support, it's like if they do not mind at all

Also, when I traded, I noticed weird behavior from this broker, like if the trades were NOT ANONYMOUS. This is a very weird sensation
I can not provide proof, but for me, it's obvious. MBT can swear the opposite, for me, I do not care. I follow always my intuitions when there are confirmed

I will not speak about hedging (hedge is forbidden).

Well, (many traders know my work and all my personal research on FOREX) , I will never promote this broker, and this forever.

The conclusion :
- Each time I met a customer working w/ MBT, I say now "Now, move to another one, otherwise I will not work for you " Even my mentor was very surprised about my decisions.. I am sure MBT has lost plenty of customers this year IMHO, this is logical.
MBT desserves it.

MBT is now for HFT, not for traders

Rgds
john
  • #7,470
  • May 30, 2011 1:43am May 30, 2011 1:43am
Quoting wwwin
LOL. Here is Time and Sales from NinjaTrader using MB feed. Did you not say that there is no TS on FX and called me a noob b/c I asked about it? You got a lot to learn.
Hey Noob...what is it that you think your screenshot is showing?
  • #7,471
  • May 30, 2011 1:50am May 30, 2011 1:50am
Quoting jaguar1637
Hi Guys

I will definitvly not consider EFX Group (MB Trading) for several reasons
- I trade a lot w/ MBT w/ Metatrader 4 (ECN NDD live account)

I had huge problems w/ "Quotes off", experiencing frantic situations, like if MBT has a Dealing Desk or something like.
The support said to me, every time
"Re-install the software "
"Re-install the software "
"Re-install the software "
like perrots

The problem also, to have a customer support in India, gives a very devastating image of MBT, due to the fact, the english over phone,...
Nice English john. Everything you typed is...well...not provable. Thanks for offering no details, examples, or specifics.
  • #7,472
  • May 30, 2011 10:52am May 30, 2011 10:52am
Quoting wwwin
LOL. Here is Time and Sales from NinjaTrader using MB feed. Did you not say that there is no TS on FX and called me a noob b/c I asked about it? You got a lot to learn.
Wwwin,

Just so we are clear, your screenshot from Ninja does not show prints via Time and Sales.

Also, so we are clear, you went from several weeks of bagging on us because you didn’t describe your question in any detail to having me clarify the question so I could answer it to admitting that you didn’t understand the issue to now using a third party screenshot of our datafeed which still doesn’t show what you say it is showing.

All good?
  • #7,473
  • May 30, 2011 10:54am May 30, 2011 10:54am
Quoting jaguar1637
Hi Guys

I will definitvly not consider EFX Group (MB Trading) for several reasons
- I trade a lot w/ MBT w/ Metatrader 4 (ECN NDD live account)

I had huge problems w/ "Quotes off", experiencing frantic situations, like if MBT has a Dealing Desk or something like.
The support said to me, every time
"Re-install the software "
"Re-install the software "
"Re-install the software "
like perrots

The problem also, to have a customer support in India, gives a very devastating image of MBT, due to the fact, the english over phone,...
Jaguar1637,

I know how our support handles issues, and if you have an “Offquotes” issue by itself, no one tells anyone to reinstall the software. Please give me more details, including when you had the problem, who in support you talked to, etc.

Also, we have NO support in India. All of our support is in California and Arizona. Thus, most of you post seems…less than accurate.

Also, you said “like if the trades were NOT ANONYMOUS. This is a very weird sensation I can not provide proof.” Wow, I think they just call that slander. Please give examples.

You don’t need to speak about hedging. Hedging is not allowing under NFA rules. Everyone here knows that.

Congrats on your personal research on Forex “john” but I’m guessing we haven’t lost many customers this year.
  • #7,474
  • Edited 11:56am May 30, 2011 11:25am | Edited 11:56am
Quoting jleblang
Wwwin,

Just so we are clear, your screenshot from Ninja does not show prints via Time and Sales.

Also, so we are clear, you went from several weeks of bagging on us because you didn’t describe your question in any detail to having me clarify the question so I could answer it to admitting that you didn’t understand the issue to now using a third party screenshot of our datafeed which still doesn’t show what you say it is showing.

All good?
Well if they are not time and sales what are they? I have both a screenshot from DeskTop Pro popping when you click TS button and moving the print and the same thing from Ninja, so the question is, if these are not Time and Sales what are they then? In particular what are the items labeled "Trade" form DesktopPro? You still have not answered the question of what they are. It is a very simple question for you to avoid the answer with mumbo jumbo answer. If these 2 screen shots are not time and sales, at least the items labeled "Trade" from your own software, then what do they show?
http://www.forexfactory.com/showthre...36#post4651436
Attached Images
  • #7,475
  • May 30, 2011 11:48am May 30, 2011 11:48am
Can't execute orders with MT4, says Order accepted and just sits there.

EDIT: works fine now.

Quoting jaguar1637
Hi Guys

I will definitvly not consider EFX Group (MB Trading) for several reasons
- I trade a lot w/ MBT w/ Metatrader 4 (ECN NDD live account)

I had huge problems w/ "Quotes off", experiencing frantic situations, like if MBT has a Dealing Desk or something like.
The support said to me, every time
"Re-install the software "
"Re-install the software "
"Re-install the software "
like perrots

The problem also, to have a customer support in India, gives a very devastating image of MBT, due to the fact, the english over phone, is quite difficult to understand, also, the notion of time ("When I speaking of critical emergency"), for this customer support, it's like if they do not mind at all

Also, when I traded, I noticed weird behavior from this broker, like if the trades were NOT ANONYMOUS. This is a very weird sensation
I can not provide proof, but for me, it's obvious. MBT can swear the opposite, for me, I do not care. I follow always my intuitions when there are confirmed

I will not speak about hedging (hedge is forbidden).

Well, (many traders know my work and all my personal research on FOREX) , I will never promote this broker, and this forever.

The conclusion :
- Each time I met a customer working w/ MBT, I say now "Now, move to another one, otherwise I will not work for you " Even my mentor was very surprised about my decisions.. I am sure MBT has lost plenty of customers this year IMHO, this is logical.
MBT desserves it.

MBT is now for HFT, not for traders

Rgds
john
So basically: no proof or examples.

You, sir, are and idiot.

wwwin, do you even trade? Could you share your time management secret? Every time I visit this thread, it's always you crying and whining about MBT business.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #7,476
  • Edited 4:19pm May 30, 2011 12:07pm | Edited 4:19pm
Reading Jaguar's posts on other threads, it seems pretty clear that English is not his native language. Maybe he's in India?? Jaguar, where are you located?

It also seems that he's a serious guy, a mathematician of some sort. I'm not saying his reports are accurate, but he doesn't look like a troll to me, and it does seem like there's some kind of communications problem.

Maybe MT4 is more vulnerable to internet issues than Desktop?? If he's in India, with a bad connection? I do notice that I hear about the VPS for MT4 as a solution to some people's problems, I never hear that about Desktop.

I'm just speculating here. (They call us speculators, right?)

Jaguar, can you give a clearer, more complete description of the problems you're experiencing, so that maybe Justin can get you some help?
__________
Look Deeper
  • #7,477
  • May 30, 2011 6:37pm May 30, 2011 6:37pm
Hi Justin,

I just wanted to make a suggestion for an order type in the MBT Desktop Pro platform. I would really like to see a fixed trailing stop feature where the stop loss would be moved up (not pip by pip) but after a certain number of pips have been achieved, i.e. 30 pips or whatever the trader selects.

I generally move all my stops to breakeven when I am up 30 pips and then let the trade play itself out. However, occasionally I don't hear my alarms or I'm asleep or away from the computer and I cannot move my stop to breakeven. This feature would help me out a lot.

I don't like a pip for pip moving stop feature as I personally don't feel it gives price enough room to breathe. Anyway, I just wanted to thow out this suggestion for the programmers.

Thanks,

Jeff
  • #7,478
  • May 30, 2011 7:40pm May 30, 2011 7:40pm
Quoting wwwin
Well if they are not time and sales what are they? I have both a screenshot from DeskTop Pro popping when you click TS button and moving the print and the same thing from Ninja, so the question is, if these are not Time and Sales what are they then? In particular what are the items labeled "Trade" form DesktopPro? You still have not answered the question of what they are. It is a very simple question for you to avoid the answer with mumbo jumbo answer. If these 2 screen shots are not time and sales, at least the items labeled "Trade"...
Wwwin,

In the phrase “time and sales” -

Time = time of the item listed

Sales = Size and price of a trade

That’s the standard definition of time and sales so that you can go back and look at the list and say “Ah, so at 09:58:13, 200 shares of Microsoft traded at $24.50.” The complete list of Time and Sales thus creates pricing and volume on a chart. So back to my example that already explained all of this, our technology was written initially for equities but all fields pass something for all asset classes. So we do pass something in those fields, but that doesn’t mean (and I have already told you that it is not) that we are giving a complete list of Time and Sales. And, based on the two definitions above, your screenshot already proves the point. All you have to do is look in the Size column for the items marked “Trade” and you see that they are all zero. If we were providing “Time and Sales” for EURUSD in this example, you would be receiving Time, Price, and Size. That’s what Time and Sales is.

Just because some data is coming through certain fields doesn’t mean that that is Time and Sales. Ninja also works for all asset classes so they can’t have a screen that does one thing if you put in one type of symbol but something different if you put in another. It’s simply a function of display.
  • #7,479
  • Jun 1, 2011 4:57am Jun 1, 2011 4:57am
Hi Justin,

What happened to customer support during London Time ?
I tried chat and skype and it seems like no one is around.

Anyway just a simple query. If comms are 2.95 per 100k then why is 50k lots charged at 2.13 ???

Am trying out your demo mt4 now.

Thanks for your reply in advance

cheers
  • #7,480
  • Edited 12:18pm Jun 1, 2011 10:11am | Edited 12:18pm
Quoting jonjon
Hi Justin,

What happened to customer support during London Time ?
I tried chat and skype and it seems like no one is around.

Anyway just a simple query. If comms are 2.95 per 100k then why is 50k lots charged at 2.13 ???

Am trying out your demo mt4 now.

Thanks for your reply in advance

cheers
Jonjon,

There shouldn’t be any issues with support. Which group did you select in Chat for help at that time?

Regarding the commissions, they are 2.95 per 100k used when you buy at market, and we pay 1.95 per 100k when you post a limit order that executes. It therefore matters what pair you trade.

10 lots (100,000) USDCHF = 100,000 used = 2.95 charge for market

10 lots EURUSD = around 144,000 used = around 4.21 charge for market
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