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MB Trading Futures - Introduction

  • #8,801
  • Edited 1:42pm Jan 15, 2012 12:29pm | Edited 1:42pm
Quoting astom
Guys, when I say "very slow"..is abnormal, is VERY SLOW! 30sec for a order, or change TP/SL..is abnormal. Until Christmas it worked very well.

But your tip is very usefull. I will try the MBT Pro! Sure!.

Thanks for the tips
Yes it was very slow. I looked back my log on the execution speed for recent trades and I really wanted to cry. sometime even the price has surpassed far beyond my TP that sit on EXN but I still can see my orders open for about 5sec.

I have done a lot of test when I decided to use their MT4. The execution speed was hardly more than 2sec (I am ok with 2sec) but not anymore.
  • #8,802
  • Edited 1:26pm Jan 15, 2012 12:42pm | Edited 1:26pm
I got an idea. Why not MBT create a dll so that we can use a new order execution command to divert all order to desktop pro? and also create an artificial feed so that the cross quote will never happen in MT4?

Honestly despite the recent problem I still like MBT very much and I want to stay with MBT as long as possible.
  • #8,803
  • Jan 15, 2012 1:25pm Jan 15, 2012 1:25pm
Quoting ForexQuant
Actually I was thinking to convert my MT4 code to MBT API
Quote
Why not MBT create a dll bridge to divert all order executions in MT4 to desktop pro and create an artificial feed so that the cross quote never happen in MT4?

Convert to MBT API/SDK...you will be very happy you did.

I use a C# app for quotes, trading, and strategy decision-making. Although, I do continue to use MT4 for charting only - feeding the prices from the Quote API (real quotes) into MT4 for the charts guarantees you do not miss any quotes (ie, no "freezing" due to negative spreads, latency) like we have experienced with the "normal" MT4 quote feed.

Also, my research has determined that there is on average a 250 ms delay between the quotes via the Quote API and MT4. This delay in MT4 combined with the fact that MT4 cannot handle negative spreads and duplicate quotes, the Quote API price feed is far superior.

MT4 is a fine product. However, for an ECN (or EXN) type broker like MBT, the best solution is to use the resources offered by the broker to more directly/quickly access the quote/trading mechanisms.
  • #8,804
  • Jan 15, 2012 1:34pm Jan 15, 2012 1:34pm
Quoting zznbrm
Convert to MBT API/SDK...you will be very happy you did.

I use a C# app for quotes, trading, and strategy decision-making. Although, I do continue to use MT4 for charting only - feeding the prices from the Quote API (real quotes) into MT4 for the charts guarantees you do not miss any quotes (ie, no "freezing" due to negative spreads, latency) like we have experienced with the "normal" MT4 quote feed.

Also, my research has determined that there is on average a 250 ms delay between the quotes via the Quote API and MT4. This delay in MT4...
omg 250ms delay? is it just happened recently?

Actually I am planning to get a VS2010 because mine is an old VS2005. I cant even open their c# example now.
  • #8,805
  • Jan 15, 2012 3:20pm Jan 15, 2012 3:20pm
Quoting ForexQuant
omg 250ms delay? is it just happened recently?
Yes, that is the average difference in the quote timestamps between the Quote API and MT4 during my testing over the last two weeks. Now, there can be multiple explanations for this difference. Regardless of the reasons, that's what I have found.

Quoting ForexQuant
Actually I am planning to get a VS2010 because mine is an old VS2005. I cant even open their c# example now.
I use the free environment - Microsoft Visual C# 2010 Express - it works great.
  • #8,806
  • Jan 15, 2012 4:07pm Jan 15, 2012 4:07pm
Quoting zznbrm
Yes, that is the average difference in the quote timestamps between the Quote API and MT4 during my testing over the last two weeks. Now, there can be multiple explanations for this difference. Regardless of the reasons, that's what I have found.



I use the free environment - Microsoft Visual C# 2010 Express - it works great.
Express version works? I used to try vs2005 express with oanda api but it didnt work.

Gonna download it later. Thanks for the tips.
  • #8,807
  • Jan 15, 2012 4:34pm Jan 15, 2012 4:34pm
All VS express versions work with Oanda as well as MBT apis. The express versions have way less tools available than the full versions, and some minor limitations in the IDE, for example you cant make subfolders in the project-structure. But you can make fully working .net assemblies without limitation.
  • #8,808
  • Jan 15, 2012 5:53pm Jan 15, 2012 5:53pm
Quoting shrike
All VS express versions work with Oanda as well as MBT apis. The express versions have way less tools available than the full versions, and some minor limitations in the IDE, for example you cant make subfolders in the project-structure. But you can make fully working .net assemblies without limitation.
That is weird because i actually hired a programmer to do the preliminary coding for me. When i put his code into my vs express it just cant make a connection. I asked him why but he just didnt know the reason.
  • #8,809
  • Jan 15, 2012 6:20pm Jan 15, 2012 6:20pm
Well it certainly wasn't Visualstudio's fault..
  • #8,810
  • Jan 15, 2012 6:21pm Jan 15, 2012 6:21pm
Quoting ForexQuant
Do other automatic trading platforms have compatibility issue? Actually I was thinking to convert my MT4 code to MBT API or other platforms. MT4 is just too buggy for MBT because MT4 cant even handle the quote problem and frozen like no tomorrow.

The reason that I decided to use MT4 is because I only need limit orders and the limited features in MT4 were not my concern, and also the reported problems with MT4 in last one year were not a big concern for me. But now i begin to worry...

Damn I must admit that I made a wrong choice!
I can't speak for NeoTicker or MultiCharts but NinjaTrader does have some incompatavility issues with MB... they have to be kept in mind and designed around.

NT doesn't support TTO orders for example. You either have to accept that fact and design around it, or if you can't for some reason, then your best bet is to design a custom app using the MB SDK.... with a custom app, you aren't inside a box designed by NinjaTrader trying to interface with the MB API, you're directly interfacing with the API... It really is the bast way to go.
  • #8,811
  • Jan 15, 2012 6:50pm Jan 15, 2012 6:50pm
Quoting shrike
Well it certainly wasn't Visualstudio's fault..
Damn I think so. I just hired a wrong person.
  • #8,812
  • Jan 15, 2012 6:55pm Jan 15, 2012 6:55pm
Quoting Crassius
I can't speak for NeoTicker or MultiCharts but NinjaTrader does have some incompatavility issues with MB... they have to be kept in mind and designed around.

NT doesn't support TTO orders for example. You either have to accept that fact and design around it, or if you can't for some reason, then your best bet is to design a custom app using the MB SDK.... with a custom app, you aren't inside a box designed by NinjaTrader trying to interface with the MB API, you're directly interfacing with the API... It really is the bast way to go.
Thanks for your opinion. I guess I need to do more research on them. I will try not to reinvent the wheel with MBT SDK (more works to do) because I dont need fancy features. I just need basic order execution commands, good platform stability and moderate execution speed.
  • #8,813
  • Edited 9:43pm Jan 15, 2012 7:46pm | Edited 9:43pm
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
I am using "Free EXN" on MT4. Why now I am geting off quote message when trying to modify SL or TP???!!!

I can't close my position!!!
Attached Image (click to enlarge)
Click to Enlarge Name: MT4 sys error.png Size: 53 KB
If you can't tell, just wait. The market will.
  • #8,814
  • Edited 9:11pm Jan 15, 2012 7:51pm | Edited 9:11pm
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
MT4 support line went dead after a few rings!!!!!!!!!!!!

Rang again, then after 5 sec speaking, line cut again!!!!!!!
If you can't tell, just wait. The market will.
  • #8,815
  • Jan 15, 2012 9:54pm Jan 15, 2012 9:54pm
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
finallly the mt4 support who could only handle demo accounts transferred my call to trading desk. They closed my position with £158.75 loss.
If you can't tell, just wait. The market will.
  • #8,816
  • Jan 16, 2012 1:00am Jan 16, 2012 1:00am
Quoting ForexQuant
Yes it was very slow. I looked back my log on the execution speed for recent trades and I really wanted to cry. sometime even the price has surpassed far beyond my TP that sit on EXN but I still can see my orders open for about 5sec.

I have done a lot of test when I decided to use their MT4. The execution speed was hardly more than 2sec (I am ok with 2sec) but not anymore.
That doesn't mean the order wasn't executed. It just means that the reporting back to you was slow.
  • #8,817
  • Edited 3:14pm Jan 16, 2012 2:31am | Edited 3:14pm
Quoting IndyTrader
That doesn't mean the order wasn't executed. It just means that the reporting back to you was slow.
Yes you are right, it was just a delay but good enough to make me panic.
  • #8,818
  • Jan 16, 2012 2:16pm Jan 16, 2012 2:16pm
Quoting ilove
finallly the mt4 support who could only handle demo accounts transferred my call to trading desk. They closed my position with £158.75 loss.
Why didn't you call the trading desk to begin with? Anytime I call they give you an option to go directly to the trading desk, I think you press #1. I've never had a problem contacting the meta-trader 4 support, they have always been very knowledgeable and positive the several times I have called them. I have had only great customer service experiences with the meta-trader 4 support folks.
  • #8,819
  • Edited 4:18pm Jan 16, 2012 4:03pm | Edited 4:18pm
  •  Hi-Lo
  • | Joined Jan 2012 | Status: Fingerless Knife Catcher | 5 Posts
Hello Fellows,
Right now I'm monitoring 2 brokers MBT and Fxpro and i see some difference on a 1minute chart... not huge , but it can be decisive for scalping. So i wonder whos feed you trust more? And witch company is better in your opinion for intraday trading? But also i noticed even tuf MBT is older company somehow fxpro has more daily volume , if to trust forexmagnate analysis its already in top10 and i don't see MBT in top15. So who is more reliable and trustworthy in your opinion?
The harder you work, the luckier you get - Benjamin Franklin.
  • #8,820
  • Jan 16, 2012 5:12pm Jan 16, 2012 5:12pm
  •  ilove
  • | Joined Dec 2011 | Status: because he first loved us. | 52 Posts
According to my trading records today,

The report back delay is 13, 15, 23 seconds. This is unaccecptable.

My EA are creating duplicate trades, i.e. reversal instead of closing positions.

Apart from the "Off Quote" issue, I incurred another loss becaue of the 23 seconds delay.

The freeze/delay has been reported for over a week now and there is still no sign of improvement.

Can't risk my hard earned cash any more. If this continues, I have no choice but closing my accouts.

BTW, I just reported to the MT4 support. US is on holiday today. They said the right people will look at it on Tuesday.
If you can't tell, just wait. The market will.
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