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MB Trading Futures - Introduction

  • #8,681
  • Jan 4, 2012 9:56am Jan 4, 2012 9:56am
Justin,

I just left a message with support.....Is there any explaination that I just got stopped out 14pips beyond my SL on a EUR/USD trade in a "normal" moving market (non news)??! When I tried to close the trade manually, I get the dreaded "off quotes". Of course I am not happy about this. Any insight here?
  • #8,682
  • Jan 4, 2012 10:02am Jan 4, 2012 10:02am
Same thing happen to me. My stop was at 1.30445 for a long position and MBt executed @ 1.30360; it is like 8 pip diference against me???????. And it was not a manual close position.
  • #8,683
  • Jan 4, 2012 10:04am Jan 4, 2012 10:04am
Quoting Euripides
Same thing happen to me. My stop was at 1.30445 for a long position and MBt executed @ 1.30360; it is like 8 pip diference against me???????. And it was not a manual close position.
Yeah, that isn't acceptable either. MT4??
  • #8,684
  • Jan 4, 2012 10:07am Jan 4, 2012 10:07am
Quoting distantpulse
Yeah, that isn't acceptable either. MT4??
Yes, MT4
  • #8,685
  • Jan 4, 2012 10:15am Jan 4, 2012 10:15am
Quoting Euripides
Yes, MT4
I guess we will wait and see what they say? MT4 issue? Server issue? Who knows.....
  • #8,686
  • Jan 4, 2012 10:57am Jan 4, 2012 10:57am
I have backtested before by clicking on download in history and have gotten 90%. But now since a few months ago this does not work any more. Seems like when they added the free EXN the data became incomplete. Its getting very frustrating because I can not backtest my EA for several months now.



I have tried many different ways but still cant get 90%. I have tried to download the tick data from MB Trading website but someone said mt4 can not handle tick data so this will not work and it’s a very confusing process. I tried clicking on download under history but this data is incomplete now coming from metaquotes (this used to work but not any more). And now the only way I can get close to 90%, well actually 89.99% sometimes, is just by opening up mt4 and not doing anything and just start the backtest but this does not work all the time.



Am I missing something or doing something wrong? Can someone please tell me how to backtest or how you do it? Is there another broker I can use that’s has complete data? Please help me!
  • #8,687
  • Jan 4, 2012 11:19am Jan 4, 2012 11:19am
Did either problem happen guys between any of the Market overlaps, like Frankfurt to Tokyo close or New York open to London close ?

just curious

cheers
  • #8,688
  • Jan 4, 2012 12:04pm Jan 4, 2012 12:04pm
Quoting goldsurfer
Did either problem happen guys between any of the Market overlaps, like Frankfurt to Tokyo close or New York open to London close ?

just curious

cheers
No, it did not. I believe it was around 10:30am EST time today.
  • #8,689
  • Jan 4, 2012 12:20pm Jan 4, 2012 12:20pm
Quoting distantpulse
No, it did not. I believe it was around 10:30am EST time today.
There were a few series of negative spread situations happened at that moment hence the MT4 server was freeze because MT4 is not designed to handle negative spread.
  • #8,690
  • Jan 4, 2012 12:43pm Jan 4, 2012 12:43pm
Quoting ForexQuant
There were a few series of negative spread situations happened at that moment hence the MT4 server was freeze because MT4 is not designed to handle negative spread.

14 pips worth?! It was strange. I had a single 3 lot order. When PA reached my SL, the order was broken into 7 different orders in my "History"? Each containing different lot sizes/commision and a couple orders were closed at different times. I have no idea what that is about. Can anyone relate or has seen it happen or enlighten me on my lack of knowledge?
  • #8,691
  • Jan 4, 2012 1:22pm Jan 4, 2012 1:22pm
Quoting Euripides
Yes, MT4
It's always MT4.
  • #8,692
  • Jan 4, 2012 1:23pm Jan 4, 2012 1:23pm
Quoting distantpulse
14 pips worth?! It was strange. I had a single 3 lot order. When PA reached my SL, the order was broken into 7 different orders in my "History"? Each containing different lot sizes/commision and a couple orders were closed at different times. I have no idea what that is about. Can anyone relate or has seen it happen or enlighten me on my lack of knowledge?
Orders break up all the time since they go down to the fifth decimal place. You hit other customers, so they might have had orders up for smaller size than yours and each fill breaks your trade into separate deals.
  • #8,693
  • Jan 4, 2012 2:01pm Jan 4, 2012 2:01pm
Quoting IndyTrader
Orders break up all the time since they go down to the fifth decimal place. You hit other customers, so they might have had orders up for smaller size than yours and each fill breaks your trade into separate deals.
Gotcha! Thanks for clearing that up at least. lol
  • #8,694
  • Jan 4, 2012 4:11pm Jan 4, 2012 4:11pm
Quoting Wildwood_FX
I have backtested before by clicking on download in history and have gotten 90%. But now since a few months ago this does not work any more. Seems like when they added the free EXN the data became incomplete. Its getting very frustrating because I can not backtest my EA for several months now.



I have tried many different ways but still cant get 90%. I have tried to download the tick data from MB Trading website but someone said mt4 can not handle tick data so this will not work and it’s a very confusing process. I tried clicking on download...
Look back at post# 8512 by MadCow... it looks like he has given you links to third party conversion software that will format Dukascopy data for you to import into a file and then backtest against that data.

Someone someday may write a conversion utility for converting MB's provided tick data so you can do the same import with MB's provided tick data, but until you or someone writes such a utility, MadCow's provided links might at least get you a good file of history data to backtest against. I don't use MT4, and have no firsthand knowledge of MadCow's suggested software, so I'm not endorsing it, just pointing out a post you might have missed.

Dukascopy's quotes are nearly tick for tick with MB's, and on a minute or greater granularity you should experience no changes in the results of your becktests.

Dukascopy reports a lot less ticks per hour than MB, so if you go down to a tick by tick granularity, and if you are using the data tick by tick, you would see differences because the number of ticks per hour is so different.

It won't matter at minute granularity.

It may seem like a lot of work to put together backtest data, but its just part of the game. Once you build a good clean file of backtest data, you can use it over and over again. Of course, you can also buy such files from a variety of sources.
  • #8,695
  • Jan 4, 2012 7:53pm Jan 4, 2012 7:53pm
Quoting distantpulse
14 pips worth?! It was strange. I had a single 3 lot order. When PA reached my SL, the order was broken into 7 different orders in my "History"? Each containing different lot sizes/commision and a couple orders were closed at different times. I have no idea what that is about. Can anyone relate or has seen it happen or enlighten me on my lack of knowledge?
It depends on how long the mt4 freeze. I had witnessed a straight freezing time as high as 60sec. 14pips is not something unexpected when mt4 stops ticking.

In fact one of my orders sent a fraction of second before freezing around 1030EST took about 60sec to complete. If there was no freezing then the mt4 server should return a timeout error message if the order is not accepted in 20sec.
  • #8,696
  • Edited 11:21pm Jan 4, 2012 9:26pm | Edited 11:21pm
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
I have been watching spread of EUR/USD on a live Free EXN account for some time now. Yesterday I started to trade.


It was average around 1.3 for a few weeks then started from last week I think, it came down a little bit to 1.1, 0.8 during busy times.


Strangely, since a few hours ago, the spread has been like fixed 1.5-1.6 exactly.


Justin, could you please advise what’s going on? Is it widened because some complained here the spread of Free EXN sometimes is arrower than Pay-for-Limit??? If the spread is fixed at 1.5-1.6, I can't see much advantage of being an MBT client.
Attached Image (click to enlarge)
Click to Enlarge Name: Free EXN.png Size: 165 KB
Attached Image
If you can't tell, just wait. The market will.
  • #8,697
  • Jan 4, 2012 10:54pm Jan 4, 2012 10:54pm
Quoting ilove
I have been watching spread of EUR/USD on a live Free EXN account for some time now. Yesterday I started to trade.


It was average around 1.3 for a few weeks then started from last week I think, it came down a little bit to 1.1, 0.8 during busy times.


Strangely, since a few hours ago, the spread has been like fix 1.5-1.6 exactly.


Justin, could you please advise what’s going on? Is it widened because some complained here the spread of Free EXN sometimes is arrower than Pay-for-Limit??? If...
ilove,

This is simply due to the time of day. When there is less liquidity (less customers trading and fewer banks online), the spreads will widen slightly and as the Asian markets open you'll see them tighten up again. Our spreads are not fixed prices and we certainly wouldn't adjust them to be wider because someone suggested we do it.
  • #8,698
  • Edited Jan 5, 2012 12:41am Jan 4, 2012 11:35pm | Edited Jan 5, 2012 12:41am
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
Quoting jleblang
ilove,

This is simply due to the time of day. When there is less liquidity (less customers trading and fewer banks online), the spreads will widen slightly and as the Asian markets open you'll see them tighten up again. Our spreads are not fixed prices and we certainly wouldn't adjust them to be wider because someone suggested we do it.

Many thanks Justin for your prompt reply. According my observation, the spread was around 0.9-1.3 at this time of day during last few weeks, and it varied, not like what it is now almost fixed at 1.5-1.6. This unusual behavior made me wonder probably there was something changed on your end, e.g. policy/liquidity providers/system error etc.
If you can't tell, just wait. The market will.
  • #8,699
  • Edited 2:05am Jan 5, 2012 1:55am | Edited 2:05am
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
Now the Free EXN quote and charts are about 5-10 minutes lag. It's been like this for more than 20 minites. I compared with MBT Desktop pro and other source.

Come on guys!!! Don't pretend nothing happened.

I have to stop my EA because my manual trading test confirmed the execution will be inline with Pay-for-Limit quote. What disaster could that be!!!!
If you can't tell, just wait. The market will.
  • #8,700
  • Edited 11:47pm Jan 5, 2012 2:22am | Edited 11:47pm
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
It's been like this for about one hour, may be more than one hour. I am so scared. Please see the screenshot. At that time, MBT MB4 Free EXN (pay-for-limit was ok) was 9 minutes lagging. AND, there was a huge spike of ask price (tick chart top left-hand side coner), 30 pips!!!. If I had a stop loss order in place, it would have been trigered.

I called the MT4 support, he was still using term "ECN" and after 2 minutes, he asked what chart I was looking at. It's not just charts, all quotes! After puting me on hold about 10 minutes, the line was cut.
Attached Image (click to enlarge)
Click to Enlarge Name: scared.jpg Size: 177 KB
If you can't tell, just wait. The market will.
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