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MB Trading Futures - Introduction

  • #7,661
  • Jul 6, 2011 6:26am Jul 6, 2011 6:26am
Anyone here experiencing that? (all open charts or some of them not loading until you swith currency forth and back)

Also, Web based Trade Activity reports (and the whole Client area for that matter) loading extremely slow? Well, not extremely, but toooo slow...

I wonder why there is no embeded reporting module in Desktop pro or am I missing some hidden menu ? :-)





Regards,
Plamen
Bah...
  • #7,662
  • Jul 6, 2011 9:52am Jul 6, 2011 9:52am
But either way, Demo and Live are two different things.[/quote]

If I cannot trust the Demo, how can I believe a live MT4 will be any better?
  • #7,663
  • Jul 6, 2011 10:21am Jul 6, 2011 10:21am
Quoting IndyTrader
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.
I think quotes for all brokers, deal-desks, ECNs, or whatever, ultimately come from an aggregate of banks.

Your demo MT4 account is hooked up to a different server at your broker's end, and yes, you can expect different behavior.
Moreover, some brokers (Forex.com and PFG come to mind) have different quote feeds for MT4 live and their other live platforms (e.g. FOREXTraderPro and BestDirect8, respectively).
  • #7,664
  • Jul 6, 2011 11:25am Jul 6, 2011 11:25am
Thanks. I'm not talking about pricing. I'm talking about the operation of the MT4 Demo, vs operation of the MT4 Live.
  • #7,665
  • Jul 6, 2011 3:06pm Jul 6, 2011 3:06pm
Quoting rcbarlow
But either way, Demo and Live are two different things.
If I cannot trust the Demo, how can I believe a live MT4 will be any better?[/quote]

You should never trust a Demo, in my opinion. Always open an account and trade micros to really see how they work. Their Live environment is terrific. Their Demo environment is subject to a lot of updates that cause a lot of problems from time to time.
  • #7,666
  • Jul 6, 2011 3:07pm Jul 6, 2011 3:07pm
Quoting 6pack
I think quotes for all brokers, deal-desks, ECNs, or whatever, ultimately come from an aggregate of banks.

Your demo MT4 account is hooked up to a different server at your broker's end, and yes, you can expect different behavior.
Moreover, some brokers (Forex.com and PFG come to mind) have different quote feeds for MT4 live and their other live platforms (e.g. FOREXTraderPro and BestDirect8, respectively).
Sort of. Deal desks don't push through quotes from banks...that's the whole point. They are the desk and the quote.
  • #7,667
  • Jul 7, 2011 7:36am Jul 7, 2011 7:36am
Tick history is now available via the secure log in > tools > tick history. The files go back to Jan 17th, 2011.

Each selection is a file containing 1 day of Forex tick activity for a currency pair. Files can be selected in two ways. The first is to expand a month and 'check' the desired days. The other is to expand a month and then click the month (e.g. January, 2011) to check all its days. Up to 25 days can be selected per download.
  • #7,668
  • Jul 8, 2011 1:19am Jul 8, 2011 1:19am
Hi,

I've had a live account with MB for just over a couple of weeks now, this is the first time I've had an account with an ECN broker and this might be a silly question but do all ECN brokers put your orders out to the same banks etc? Guess what I'm asking is if I'm getting partial fills with MB would it be the same with all ECN's or do they have different places of getting liquidity? I'm only trading 4-5 mini lots at the moment so would have hoped that liquidity wouldn't have been a problem, but does concern me for when I start trading standard lots. I understand that these are market conditions but worked out this morning between the partial fills, 1 order not activated at all because of no one wanting to take the other side & slipped stop losses I've missed out on around $350 mark since I've been trading with them, which for me on a $1500 account is a reasonable amount.

Thanks for any thoughts
  • #7,669
  • Jul 8, 2011 4:27am Jul 8, 2011 4:27am
New Trader with MB here.. Has anyone ever had a problem with Limit/Take Profit hitting the mark and being PARTIALLY reduced in their lot size and have the REMAINDER still trading?
  • #7,670
  • Jul 8, 2011 8:49am Jul 8, 2011 8:49am
Quoting burn
Hi,

I've had a live account with MB for just over a couple of weeks now, this is the first time I've had an account with an ECN broker and this might be a silly question but do all ECN brokers put your orders out to the same banks etc? Guess what I'm asking is if I'm getting partial fills with MB would it be the same with all ECN's or do they have different places of getting liquidity? I'm only trading 4-5 mini lots at the moment so would have hoped that liquidity wouldn't have been a problem, but does concern me for when I start trading standard...
Hi burn-

You using MT4 or Desktop? With Desktop, you can control your orders with Stop Limit entries so you don't get slipped more than you want, but you will get filled past your number. No reason to be not getting filled. Each broker routes to different banks (most to only one or two, MB routes to many). However, you have to realize that most banks still keep their spreads in larger pip amounts than the net quotes. What makes the quotes tighter are the ECN orders from other customers, which can be a few minis or 100 lots, just depending on what customers are out there. So where you might pay 2 pip spread at one broker, you might get 4 fills on a 10 lot order here resulting in an average lower cost of entry. Getting the partials is a good thing...it's what gives you a better average cost. Otherwise, you would just be getting bank spreads.
  • #7,671
  • Jul 8, 2011 8:50am Jul 8, 2011 8:50am
Quoting deranti
New Trader with MB here.. Has anyone ever had a problem with Limit/Take Profit hitting the mark and being PARTIALLY reduced in their lot size and have the REMAINDER still trading?
Sure, it's possible. Would be rare, but it could happen.
  • #7,672
  • Jul 8, 2011 2:54pm Jul 8, 2011 2:54pm
Justin,

I noticed the following last Friday and again today. I have a demo on each platform as well as a live account on the Desktop Pro.

The MT4 charting continues until the close of the 16:59 candle, however, the Desktop Pro charting stops with the 15:59 candle. The trades continue to be shown in the Market Depth window until 16:59, but the charting stops one hour earlier. (I am in the USA.)

Perhaps this has been discussed here before, but it seems pretty odd, and I am fairly confident it is not a glitch on my end.

I did report the issue last week and I got what appears to be a computer generated reply of thanks.

TK
  • #7,673
  • Jul 9, 2011 12:10am Jul 9, 2011 12:10am
Quoting wannatradefx
Hi burn-

You using MT4 or Desktop? With Desktop, you can control your orders with Stop Limit entries so you don't get slipped more than you want, but you will get filled past your number. No reason to be not getting filled. Each broker routes to different banks (most to only one or two, MB routes to many). However, you have to realize that most banks still keep their spreads in larger pip amounts than the net quotes. What makes the quotes tighter are the ECN orders from other customers, which can be a few minis or 100 lots, just depending on...
Hi,

Thanks for your reply, unfortunately I use MT4 because of a trade management EA that I use. Honestly it's the partial fills that are throwing me a bit more than the slipped stops, when I have a way of trading that I only need to win 1 out of 3 trades to be in profit but when the win is just filled with 1 micro lot instead of the 4 mini lots it doesn't balance out and is turning a profitable method that I was trading with a 'bucket shop' into a not so profitable now. I pretty much only trade EURUSD and for the sake of 1 - 1.5 pips on the spread I'm just starting to wonder if I made the right move in changing brokers
  • #7,674
  • Jul 9, 2011 9:30am Jul 9, 2011 9:30am
I'm glad to hear about this BEFORE I opened an account. Seems everyone else failed to mention this VERY IMPORTANT item. Is there anymore SURPRISES in store with a MB Account using MT4?
  • #7,675
  • Jul 9, 2011 10:12am Jul 9, 2011 10:12am
Quoting rcbarlow
I'm glad to hear about this BEFORE I opened an account. Seems everyone else failed to mention this VERY IMPORTANT item. Is there anymore SURPRISES in store with a MB Account using MT4?
Which item are you referring to? You didn't quote anyone, there have been a lot of points made in the last few posts.
  • #7,676
  • Jul 9, 2011 10:16am Jul 9, 2011 10:16am
The fact that your orders are filled piecemeal, and just because you try to close your open orders, that may not happen if no one wants to take the other side.
  • #7,677
  • Jul 9, 2011 10:46am Jul 9, 2011 10:46am
Quoting rcbarlow
The fact that your orders are filled piecemeal, and just because you try to close your open orders, that may not happen if no one wants to take the other side.
That's not a correct statement. All he said was that it is possible to get partial/split fills. If you have a market order, it will always get filled. Let's say that I'm buying 20 lots of GBPUSD at market, and the quote is 1.5000 by 1.50008.

In theory, I might get all 20 at 1.50008. Or, I might get 5 at 1.50008 and then 5 at 1.50009 and then 10 at 1.5001, or something like that.

But you will always get filled on a market order.

Now, let's say quote is 1.5000 by 1.50008 and I have a LIMIT to sell 20 at 1.5001. So now the price moves up to 1.50003 by 1.5001, my Limit order is the offer at 1.5001. If another trader buys 5 at market, he hits me. That means, I sold 5 at 1.5001, which is the offer/ask price. I won't sell my other 15 until someone else hits me or until I lower my price.

In other words, it works like a real market.
  • #7,678
  • Jul 9, 2011 11:12am Jul 9, 2011 11:12am
Sorry I should probably have been clearer with my first post, I do trade using limit orders & not market orders (as long as I stick to my trading plan anyway ) & do know that partial fills are possible but I guess I wasn't expecting it to be much of an issue while I'm trading in such small amount
  • #7,679
  • Jul 9, 2011 12:01pm Jul 9, 2011 12:01pm
Thanks for explaining that. Sounded terrifying for a moment.
  • #7,680
  • Jul 9, 2011 12:50pm Jul 9, 2011 12:50pm
Quoting jleblang
Tick history is now available via the secure log in > tools > tick history. The files go back to Jan 17th, 2011.

Each selection is a file containing 1 day of Forex tick activity for a currency pair. Files can be selected in two ways. The first is to expand a month and 'check' the desired days. The other is to expand a month and then click the month (e.g. January, 2011) to check all its days. Up to 25 days can be selected per download.
Is 1-minute day available via API going further back than 2011?
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