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MB Trading Futures - Introduction

  • #7,641
  • Jun 29, 2011 7:48pm Jun 29, 2011 7:48pm
A few thoughts.

MT4 is a great charting tool, not so great for trading.

MBTrading should get rid of that Market Depth altogether(as well as volume on the charts).

Correct me if I am wrong but we have no centralized exchange.

Only a centralized exchange can provide that kind of information.

Therefor any information based from those are at best inaccurate. At worst they are just downright misleading.

Why anybody is basing their trading decision on either of them is beyond me.

If I am wrong, enlighten me on my ignorance.
  • #7,642
  • Jun 29, 2011 11:57pm Jun 29, 2011 11:57pm
Quoting plamendp
Amm.. are you serious? 14 minutes delay? I was just going to fund my account. So far [demo] I didn't notice any [significant] problem with their platform/quotes/execution, but you just made me frustrated. I can't beleive a broker will delay 14 minutes... hmm...

Any comment from MBT member? This is a big issue and should be elaborated... thanks...

Plamen
Hey if they are 14 minutes behind, use other broker to predict where they would be in 14 minutes, priceless LOL
  • #7,643
  • Jun 30, 2011 5:57am Jun 30, 2011 5:57am
Quoting wwwin
Hey if they are 14 minutes behind, use other broker to predict where they would be in 14 minutes, priceless LOL

dont know if you're kidding or not...i'd take it that you're joknig right?
  • #7,644
  • Jun 30, 2011 6:58am Jun 30, 2011 6:58am
Can someone recommend me VPS for MT Trading with ping less than 50ms?
  • #7,645
  • Jun 30, 2011 7:02am Jun 30, 2011 7:02am
hello jleblang,
i have sent u a PM the other day.

got a minor question:
currently, it's past 12 GMT.
can u confirm that MBT MT4 time is GMT - 4? (current time on MBT MT4 demo is past 8.00)
thanks
  • #7,646
  • Jun 30, 2011 9:00am Jun 30, 2011 9:00am
Quoting josef
Can someone recommend me VPS for MT Trading with ping less than 50ms?
I assume you mean besides Photon?
  • #7,647
  • Jun 30, 2011 10:28am Jun 30, 2011 10:28am
Quoting josef
Can someone recommend me VPS for MT Trading with ping less than 50ms?
www.triple8.net. I get 2-5ms. They don't do rebates like Photon though.
  • #7,648
  • Jun 30, 2011 11:57pm Jun 30, 2011 11:57pm
Quoting richy
dont know if you're kidding or not...i'd take it that you're joknig right?
Yes, joking, this thread needs some laugther
  • #7,649
  • Jul 1, 2011 1:25am Jul 1, 2011 1:25am
Quoting fiberangel
www.triple8.net. I get 2-5ms. They don't do rebates like Photon though.
Appreciate for your help.
  • #7,650
  • Jul 1, 2011 1:26am Jul 1, 2011 1:26am
I was amazed by their offer of paying for limit orders...Do you know other brokers which offer the same stuff?
  • #7,651
  • Jul 1, 2011 1:45am Jul 1, 2011 1:45am
Quoting Julian_Ass
I was amazed by their offer of paying for limit orders...Do you know other brokers which offer the same stuff?
None.
  • #7,652
  • Jul 1, 2011 12:45pm Jul 1, 2011 12:45pm
I'm reading this on their web page (about futures trading)...

"Margin accounts with balances less than $25,000 are limited to three (3) day trades in five (5) business days..."

What does it mean, if you have, let's say, balance 5 000$ and you use margin account you can only open 3 trades a day?
  • #7,653
  • Jul 1, 2011 1:35pm Jul 1, 2011 1:35pm
http://en.wikipedia.org/wiki/Pattern_day_trader
  • #7,654
  • Jul 1, 2011 1:46pm Jul 1, 2011 1:46pm
Hi Justin, I just called MB Trading and they said you don't offer Forex Options. I want to trade basic Forex Options (buy calls and puts). Why don't you offer this feature? Can you recommend a broker who does? Thanks, Jeff
  • #7,655
  • Jul 1, 2011 2:25pm Jul 1, 2011 2:25pm
Quoting fx111
I'm reading this on their web page (about futures trading)...

"Margin accounts with balances less than $25,000 are limited to three (3) day trades in five (5) business days..."

What does it mean, if you have, let's say, balance 5 000$ and you use margin account you can only open 3 trades a day?
You know that's about stocks, right? That's the SEC daytrading rule, all brokers have to abide by it.
  • #7,656
  • Jul 1, 2011 2:36pm Jul 1, 2011 2:36pm
I have been hearing a lot about MB trading so I opened a demo account using MT4. I am looking for a live account.

I am having the following problems with MT4 Demo:

On certain pairs, it says "Off Quotes" when I try to close, change stoploss, etc. I can see the quotes streaming at those times.

Sometimes it will let me do anything except for one currency pair which says "Off Quotes", but it is not "Off Quotes" for the others. I have also noticed on a daily basis, arround 5pm EST everything is "Off Quotes".

Your demo is supposed to be a replica of your live account platform.
With the demo performing this way, how can I even think about a live account using MT4?

I sent MB an email, but received no answer.

scwon.
  • #7,657
  • Jul 3, 2011 12:58am Jul 3, 2011 12:58am
Quoting rcbarlow
I have been hearing a lot about MB trading so I opened a demo account using MT4. I am looking for a live account.

I am having the following problems with MT4 Demo:

On certain pairs, it says "Off Quotes" when I try to close, change stoploss, etc. I can see the quotes streaming at those times.

Sometimes it will let me do anything except for one currency pair which says "Off Quotes", but it is not "Off Quotes" for the others. I have also noticed on a daily basis, arround 5pm EST everything is "Off Quotes".

Your demo is supposed...
Demos are never a replica of the live environment...for any broker. Global rollover is at 5 pm EST, which you probably knew when you wrote that...who trades at the thinnest time of day? What pairs are you getting "Off Quotes" on...I don't get that on anything in Live?
  • #7,658
  • Jul 3, 2011 7:10am Jul 3, 2011 7:10am
I have demo accounts with other Brokers and I do not have this problem.
I was getting the Off Quotes all day Friday on EURUSD and could not close and reverse the position. Also, I trade the 4 hour charts so around 5pm I adjust my stops and close any losing trades for the night.

I know 5pm is rollover time but other demos do not give Off Quotes, or No Connection, only MB Demo.
  • #7,659
  • Jul 3, 2011 11:06am Jul 3, 2011 11:06am
Quoting rcbarlow
I have demo accounts with other Brokers and I do not have this problem.
I was getting the Off Quotes all day Friday on EURUSD and could not close and reverse the position. Also, I trade the 4 hour charts so around 5pm I adjust my stops and close any losing trades for the night.

I know 5pm is rollover time but other demos do not give Off Quotes, or No Connection, only MB Demo.
That's because other brokers are deal desks that aren't affected by rollover. MB's quotes all come from banks, and the Interbank market all halt trading for settlement at 5 pm EST.

But either way, Demo and Live are two different things.
  • #7,660
  • Jul 5, 2011 1:46pm Jul 5, 2011 1:46pm
supremeChaos, MB Trading's metatrader uses New York time, which is Eastern U.S., which is -4 GMT.

There was talk of them changing it though but I haven't kept up on the recent rumors.



Quoting supremeChaos
hello jleblang,
i have sent u a PM the other day.

got a minor question:
currently, it's past 12 GMT.
can u confirm that MBT MT4 time is GMT - 4? (current time on MBT MT4 demo is past 8.00)
thanks
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