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MB Trading Futures - Introduction

  • #8,021
  • Aug 31, 2011 5:17pm Aug 31, 2011 5:17pm
Quoting egkid
"MBT Moblie is NOT available for mt4 accounts" That the reply when i asked about MBT Mobile

Why this rule? What the Loss or the problem if i can use both so i can switch from my PC with MB4 when i travel and use MBT Mobile!!

I really don't get it and feel sad to know that because i going to travel and was need it
You should know this by now. A Desktop account cannot work with MT4 because Desktop has like 22 order types and MT4 has 3. Their Mobile product is their own and works with Desktop. MT4 Mobile is different.
  • #8,022
  • Aug 31, 2011 5:20pm Aug 31, 2011 5:20pm
Quoting n1te
IndyTrader here are screenshots to make it clearer:

LONG:

http://www.forexfactory.com/attachme...1&d=1314807123

SHORT:

http://www.forexfactory.com/attachme...1&d=1314807123

Each grid square represents 1 pip.
The yellow line is the entry point.
The spread at the time was 0.7pips.

As you can see in the 1st trade (LONG) I'm up 1 square therefore 1 pip (as it say on the bottom of the image I'm up 10 = 1pip).

In the 2nd trade (SHORT) I'm up 2...
I gotta say, I really don't know what you mean.
  • #8,023
  • Aug 31, 2011 5:46pm Aug 31, 2011 5:46pm
*****
Hi guys, I'm a newbie and I don't have privileges to start new threads and I was refereed from the newbie forum to here, so hopefully you will be able to answer my question.

My question is about spread and commission in forex. I've been playing with a MB Trading demo account and I don't understand how the spread and commission is calculated there (or in forex in general).

Let's assume this data to make the calculations easier:
Pair: EUR/USD
Spread: 1pip
Commission: 0.5pip ($5)
Size: 1 standard lot

When I place a stop buy at 1.4400 with a SL at 1.4390 and a TP at 14410 (10 pips each side) my order is executed 1 pip earlier (1.4399) and the commission is charged after the trade is closed (therefore I make either a profit of $95 or a loss of 105).

But when I place a stop sell at 1.4400 with a SL at 14410 and a TP at 1.4390 (10 pips each side) my order is executed at 1.4400 and I make either a profit of $85 or a loss of $115.

Can somebody please explain me why it happens like that? Why isn't it just the same for both short and long? Or is it just because MBT does it this way.

Also how is the commission calculated? I thought I had to pay it once to get in and once to get out and according to the example above it's only charged once (which is a good thing of course).


Any help would be much appreciated.

Cheers,
Paul
*****

Buy Stop is Market Order. Market Buy orders are triggered at Ask Price.
MT4 shows prices at Bid. So "1 pip earlier" at 1.4399 is Bid Price. Ask is 1 pip higher at 1.4400 cause spread is 1 pip.

Stop Sell is Market Sell order triggered at Bid. For this reason it was executed at Bid price of 1.4400.

As for profits and losses You showed, know that TP is Limit Order, and SL in Market Order. Knowing that You will easily figure the rest You asked for.
  • #8,024
  • Aug 31, 2011 8:50pm Aug 31, 2011 8:50pm
Quoting jleblang
Hi Sujith - yes, please contact [email protected] and they will assist you.
Hi,

Thanks Justin
  • #8,025
  • Sep 1, 2011 12:05am Sep 1, 2011 12:05am
Quoting PawelPawlak
Buy Stop is Market Order. Market Buy orders are triggered at Ask Price.
MT4 shows prices at Bid. So "1 pip earlier" at 1.4399 is Bid Price. Ask is 1 pip higher at 1.4400 cause spread is 1 pip.

Stop Sell is Market Sell order triggered at Bid. For this reason it was executed at Bid price of 1.4400.

As for profits and losses You showed, know that TP is Limit Order, and SL in Market Order. Knowing that You will easily figure the rest You asked for.
...
Hi Pawel,

Thanks for your reply, that is exactly what I was asking for. Now I finally understand it.

Btw. Small world

Dzieki
  • #8,026
  • Sep 1, 2011 7:29am Sep 1, 2011 7:29am
any word about pricing vs pay for limit
  • #8,027
  • Edited 7:41am Sep 1, 2011 7:29am | Edited 7:41am
Quoting n1te
..........
My question is why was the spread subtracted in the short and not in the long.
...........
Assuming you entered with a limit order, this is because MB displays bid price on your chart and calculates P/L assuming you will close the position at market.

Ex. Enter long with a limit order at 1.4000. Eventually the bid price, the price that is printed, is 1.4001. Therefore you're up 0.0001 in unrealized profit if you sell back at market.

Ex. Enter short with a limit order at 1.4000. Eventually, bid price, the price that is printed, is 1.3999, but ask price is 1.4002 (spread here is 0.0003). Therefore you're down 0.0002 in unrealized profit if you buy back at market.
  • #8,028
  • Sep 1, 2011 7:33am Sep 1, 2011 7:33am
Can Justin or anyone else please address this:
http://www.forexfactory.com/showthre...=312553&page=2

Thanks.
  • #8,029
  • Sep 1, 2011 11:09am Sep 1, 2011 11:09am
Quoting PoundTrader
any word about pricing vs pay for limit
maybe no commission at all !
  • #8,030
  • Sep 1, 2011 11:21am Sep 1, 2011 11:21am
Quoting tar
maybe no commission at all !
LOL. Yeah, MB Trading goes deal desk. I think I would just give up on FX. I bet they give you the choice of much lower commissions without pay for limits or higher payment with pay for limits. That way, those that mostly use Market orders can lower costs. They probably lower the 1.95 payment though.
  • #8,031
  • Sep 1, 2011 11:25am Sep 1, 2011 11:25am
Quoting grimReaper
Can Justin or anyone else please address this:
http://www.forexfactory.com/showthre...=312553&page=2

Thanks.
Grimreaper-

Yes. Those spikes are from 3 years ago. Back then, our quote server had an glitch on some of thin pairs that would result in a bad price spike passed to the chart at 17:00 (rollover/shutdown). This was purely bad chart data and 100% never related to triggering any orders (execution was off for rollover anyway). When you see a spike that big, it is just bad data. Also, I would HIGHLY recommend that you not post screenshots that include your account number in the header. BTW - the account number in the screenshot indicates that this is a Demo account with Demo data, which is a different quote server than Live anyway.
  • #8,032
  • Sep 1, 2011 12:16pm Sep 1, 2011 12:16pm
Quoting jleblang
BTW - the account number in the screenshot indicates that this is a Demo account with Demo data, which is a different quote server than Live anyway.
I still see the spikes in my live account.
  • #8,033
  • Sep 2, 2011 8:14am Sep 2, 2011 8:14am
Quoting PoundTrader
any word about pricing vs pay for limit
any day now
  • #8,034
  • Sep 2, 2011 9:11am Sep 2, 2011 9:11am
Quoting PoundTrader
any day now
Poundtrader,

I don’t see anything on the site that says that the announcement was coming September FIRST.
  • #8,035
  • Sep 2, 2011 10:11am Sep 2, 2011 10:11am
Justin,
When are you (MB) going to have 1click trading on MT4 like InterbankFX has for there clients?
  • #8,036
  • Sep 2, 2011 2:16pm Sep 2, 2011 2:16pm
Quoting jleblang
Poundtrader,

I don’t see anything on the site that says that the announcement was coming September FIRST.
so even you guys don't know, just throw out a month and don't know a date, sweet
  • #8,037
  • Sep 4, 2011 6:30am Sep 4, 2011 6:30am
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.
I was on vacation when this was announced and missed it. I just stumbled into it on the MB site.

Thank you very much for yet again listening to suggested improvements from your clients and implementing the changes and freatures we request.

Since 2008 I have experienced great execution, several commission reductions, and consistent improvements from MB Trading.

Great Job, Keep Up The Good Work !!
  • #8,038
  • Sep 5, 2011 12:30am Sep 5, 2011 12:30am
Quoting PoundTrader
so even you guys don't know, just throw out a month and don't know a date, sweet

The obvious answer is that they do know, but you have be naive to expect a sneak peak before everyone else...
"Coming soon" kind of announcements are done exactly for this response- to whet the consumer/customer's appetite...
I am sure the 1st place we would get to know would be from the company's website/twitter account....
  • #8,039
  • Sep 5, 2011 3:17am Sep 5, 2011 3:17am
Quoting PoundTrader
so even you guys don't know, just throw out a month and don't know a date, sweet
You are obnoxious
  • #8,040
  • Sep 5, 2011 1:07pm Sep 5, 2011 1:07pm
Quoting smittens4212
You are obnoxious
realy
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