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MB Trading Futures - Introduction

  • #8,341
  • Oct 30, 2011 11:59am Oct 30, 2011 11:59am
Quoting jleblang
sfg7th -

Have you tried to download the latest build?

http://www.mbtrading.com/mbtDesktopPro.aspx
j im doing 1-5mill on my trades i here there are some problems with higher trades like fills not going thru, is there problems with higher lot trades, i do trade with admd currenex, also is there any plans trading platform to currenex viking i realy love this platform
  • #8,342
  • Oct 30, 2011 10:34pm Oct 30, 2011 10:34pm
Justin,
I really like to find out why my order didn't get stop out at my price MOST of time when there is, but it got filled at my TradeStion, IB and Finfx account.

Here is example again for tonight for audjpy and nzdjpy pairs...
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  • #8,343
  • Oct 31, 2011 11:31am Oct 31, 2011 11:31am
Anyone else having issues with MT4 and MB? Mine keeps loosing connection every 5min for a couple of seconds, then comes back on.
  • #8,344
  • Oct 31, 2011 7:54pm Oct 31, 2011 7:54pm
I means there should be a link on the homepage www.mbtrading.com to the homepage www.mbtrading.co.uk. because the last one is the division branch of the former.

Quoting jleblang
Therefor,

I don’t really understand what you mean. These are two separate entities that share a technology. Just to be clear…

www.mbtrading.com is a US-based SEC/FINRA-regulated US stocks/options/futures brokerage with a side US entity MB Trading Futures also known as MBT Forex which is an NFA/CFTC regulated (US again) Forex broker. Thus, information about those entities which are all US-based fall under the www.mbtrading.com URL and website.

We also have a FSA-regulated...
  • #8,345
  • Nov 1, 2011 9:16am Nov 1, 2011 9:16am
Quoting distantpulse
Anyone else having issues with MT4 and MB? Mine keeps loosing connection every 5min for a couple of seconds, then comes back on.
Nope
  • #8,346
  • Nov 2, 2011 2:39am Nov 2, 2011 2:39am
how could this happen? I also saw the level 2 bid price at Desktop Pro was higher than 1.3745 at that moment.
Attached Image (click to enlarge)
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  • #8,347
  • Nov 2, 2011 3:51pm Nov 2, 2011 3:51pm
Quoting ForexQuant
how could this happen? I also saw the level 2 bid price at Desktop Pro was higher than 1.3745 at that moment.
Guaranteed price, non-guaranteed fills...part of the game. I noticed that limits were less likely to fill today as well. In the recent past, when I saw my limit as (MBT)BBO, a fill was ~80% guaranteed. Today, it seemed closer to ~40%. In the end, the market moved my way, so no complaints and thanks MBT for 10.8pips commission rebates.

One question for Justin or other informed FF members--what is MBT's fill priority for a given price (size, time)? I would suspect that time-priority is used (first submitted limits get priority--but is that MBT clients only?--how does that work w/ LP as their size only shows on upper 5 levels), but they may try to fill equal sizes first (less partial fills)...

By the way, also was had my first sub-micro fill today, 800 units--interesting given their minimum trade size. No biggie really, just made calculating FIFO trade results a bit more involved. The remaining 200 units was filled later in session (caught swing low and had to ride it out, but that's my methodology so no stress).

Net-net, it's the risk of limit orders. Contrast that w/ rebates, price improvements, and known risk:reward parameters, I'm more than willing to accept that risk. Sucks that you had a limit at a swing high although market continued higher, so eventually you'd receive your fill...

Cheers!
  • #8,348
  • Nov 3, 2011 9:34am Nov 3, 2011 9:34am
Anyone else having trouble downloading reports? Either from DesktopPro and from their website (with Firefox or Explorer) I can't download all the reports.
  • #8,349
  • Nov 3, 2011 1:26pm Nov 3, 2011 1:26pm
Quoting desocupado
Anyone else having trouble downloading reports? Either from DesktopPro and from their website (with Firefox or Explorer) I can't download all the reports.
I can't get reports to export to excel on the website with FF, IE or Chrome. I've been too lazy to try to figure out why.
  • #8,350
  • Nov 3, 2011 6:20pm Nov 3, 2011 6:20pm
Quoting Crassius
I can't get reports to export to excel on the website with FF, IE or Chrome. I've been too lazy to try to figure out why.
Thanks for your comments. I thought I was the only one with problems. I reported the issue to MBT. Let's see how it goes.
  • #8,351
  • Nov 5, 2011 11:55am Nov 5, 2011 11:55am
i have been trying to understand the difference between these two platforms-
"MBT Desktop" & "MBT Desktop Pro" , i have looked on MBtrading website and looked here in the forums but have not found enough info that tells the differences, i am currently using MT4 , and wanted to also use one of the Desktop Platforms.
Which one is recommended for intraday trading, i like to use MT4 for Charting for sure, but thought i would see if any difference of Order Execution on one of the Desktop Platforms.
Could anyone direct me or fill me in on this matter.
Thanks in Advance for your help.
  • #8,352
  • Nov 5, 2011 12:13pm Nov 5, 2011 12:13pm
i have found a bit more info since my last post, and signed up for some webinars for this coming week, basically it looks like i need to check out the Desktop Pro and learn more about the Tools and Features it offers, maybe if anyone uses this platform that could inform me of any of the features they might use for their trading.
i am just trying to learn more of what you guys already know about setting up a
decent layout on my screen, i have some learning to do, so i do sound ignorant concerning the desktop platforms.
  • #8,353
  • Edited 4:38pm Nov 5, 2011 2:07pm | Edited 4:38pm
Quoting optionman
i have found a bit more info since my last post, and signed up for some webinars for this coming week, basically it looks like i need to check out the Desktop Pro and learn more about the Tools and Features it offers, maybe if anyone uses this platform that could inform me of any of the features they might use for their trading.
i am just trying to learn more of what you guys already know about setting up a
decent layout on my screen, i have some learning to do, so i do sound ignorant concerning the desktop platforms.
Ignorance is not the same thing as stupidity...

I think investing time in the seminars, manual and actually using the software is the only way you can answer your own questions. For my trading I require a platform that has a programming language as my indicators and methods are all custom built. I use the free version NinjaTrader for charting with DeskTop for order entry and data feed into NinjaTrader.

The most usefull DeskTop feature that I use everyday and that saves me money everyday is the "Unit To Use For Stop and Limit Values" in the preferences section. To enter a trade I set this to pips and set the spin increment to .5 pips. This allows quick, one click order entry of a limit order a half pip above or below the market for trade entries. Better than 2/3rds of a time I am able to enter with a limit order this way, not only saving the routing fee, but getting paid for the limit order. The other 1/3rd of the time the market moves on top of my limit order before it posts, and I get an instant fill at market and have to pay the routing fee.

The biggest change you'll get from switching from MT4 to DeskTop is the huge selection of order types that give you great control over how you enter or exit positions. You should study them all and think about how you trade and where you can find improvements in fills, commission, etc by taking advantage of the greater order flexibility DeskTop provides.
  • #8,354
  • Nov 5, 2011 2:41pm Nov 5, 2011 2:41pm
Thanks Crassius...i will continue to learn more about Desktop and since you mentioned using Ninja, i will look into that as well, i do have a few MT4 indicators i would have to convert over for use with Ninja.
I Really like what you said about the Method you use for Limit Orders, i will set that up and try an implement that, as i would like to get paid for limits.
Thanks again for your response.
  • #8,355
  • Nov 5, 2011 4:37pm Nov 5, 2011 4:37pm
Quoting optionman
Thanks Crassius...i will continue to learn more about Desktop and since you mentioned using Ninja, i will look into that as well, i do have a few MT4 indicators i would have to convert over for use with Ninja.
I Really like what you said about the Method you use for Limit Orders, i will set that up and try an implement that, as i would like to get paid for limits.
Thanks again for your response.

For exits, I switch "Units to Use for Stop and Limit Values" back to Price and then enter my Take Profit and Stop Loss on Price, so its a switch I use a lot.

NinjaTrader is a far better charting and programming environment than MT4. Check out the NinjaTrader forum for indicators that people have posted, some of them conversions from MT4 indicators, all of the Stocks and Commodities Magazine indicators for the last 3 or four years, and many many others. If you don't see what you are using, or want to program from scratch it is a very easy platform to get up to speed programming because it uses C# and all of dot net as its language.... makes it easy, well documented, and dot net has tons of libraries for building things like neural nets.

If you decide to try out the free charting and system design version of NinjaTrader, make sure you run the latest version 7.0.1000.7 in conjunction with DeskTop version 11.8.0.38. This version solves a lot of problems we were having with historical tick data. Check out the NinjaTrader MB Trading Connection guide here:

http://www.ninjatrader.com/Connectio...tion-Guide.php

You will find free historical tick data on MB Tradings website after logging in under Tools >> Tick History. This historical data is a generic format, and you'll have to open it up in excell and spend a few seconds formatting it for import into NinjaTrader. One day I'll write an automated formatter to convert MB's data to a variety of platforms. If you are connected to MB's live feed, NinjaTrader will store new data automatically into the historical database.

You'll have a bit to learn to manage your own historical tick database, but you will wonder how you ever put up with MT4 ridiculous time based bars only once you do. From tick data you can build any bar type, including the time based bars you are familiar with, but you can also build many other bar types that will smooth out the data with no lag, and make your indicators work much better than they ever will on time bars.

NinjaTrader is free for charting and system development.... you use DeskTop to manually enter orders in free mode.... if you use the paid version you can enter orders directly in NinjaTrader and use its autotrading funtionality.
  • #8,356
  • Nov 5, 2011 4:46pm Nov 5, 2011 4:46pm
Sounds Great, i will spend some time on what you have posted, i have recently converted to Renko Charting, it is Much Better.
Thanks for your help and info.
  • #8,357
  • Nov 7, 2011 12:58am Nov 7, 2011 12:58am
Hi Justin,

after opening my Metatrader 4 today i get an 'invalid account' error in the lower right corner and the charts don't update, there is only data from friday close. What's wrong?

regards
Everyone has a plan 'till they get punched in the mouth.
  • #8,358
  • Nov 7, 2011 1:28am Nov 7, 2011 1:28am
Quoting leeon
Hi Justin,

after opening my Metatrader 4 today i get an 'invalid account' error in the lower right corner and the charts don't update, there is only data from friday close. What's wrong?

regards
Could it have something to do with this message that was sent out to everyone on Friday?

" Please be advised that we will be doing a complete reintegration of our MT4 Demo environment as it relates to our Pay for Limits Demo accounts (not our new FREE ECN demos) this Friday after the close of the market. This is for the Demo server at 216.52.236.96:443 only. There will not be any impact, of course, on Live accounts. However, we are sending this email to both Demo and Live users to make sure everyone is aware. All Demo accounts will be deleted. All positions and orders will be deleted for those accounts on both the MT4 and Desktop side of the software. After the close on Friday, you will be able to sign up for new Demo accounts only by using the registration process in the Secure Client area of the site. You will NOT be able to successfully register for Demos using the MT4 Client software. More details about this will be forthcoming in the next two days. We apologize for the inconvenience, but it is a necessary step to maintain the integrity of the Demo environment moving forward."
  • #8,359
  • Edited 1:38am Nov 7, 2011 1:34am | Edited 1:38am
The message was sent to the Metatrader mail system...

That's why I missed it, too. I just use it for charting, so I never check the Metatrader messaging system. Log onto the web site and open a new Metatrader account.
  • #8,360
  • Nov 7, 2011 2:27am Nov 7, 2011 2:27am
ok, no problem. i open an account on MBT's web page, but the email I got says:

Please Note: The login information you have cannot be used to access MetaTrader 4. If it was your intention to sign up for MetaTrader 4, please visit: MetaTrader 4 Demo & Download


i clicked on the link and it takes me to the page where i can download MT4 BUT I CAN NOT CREATE AN ACCOUNT. The section 'downloads' even says that i have to download the client and create the account there...comedy...
Everyone has a plan 'till they get punched in the mouth.
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