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MB Trading Futures - Introduction

  • #9,001
  • Feb 13, 2012 12:36pm Feb 13, 2012 12:36pm
BTW - if you missed the email from us last week, we recently updated our YouTube channel with over 60+ new tutorials, organized into playlist for easy viewing.

The new videos include:

 

  1. MBT Desktop Pro - basic and advanced review of the product for Stocks and Forex
  2. MBT Desktop Pro Charting - complete coverage of our charts, including set up and trading
  3. MBT Desktop Pay for Limits - how traders are profiting from using limit orders
  4. MBT MetaTrader 4 - topics include set up, overall features, preferences, order entry, and charting.


Check it out for yourself by visiting: YouTube

  • #9,002
  • Feb 13, 2012 11:58pm Feb 13, 2012 11:58pm
Quoting RoBiK
Hello Justin, could you please expand on the mathematics behind the 0.005 figure?
As far as i can tell the NFA is assessing a fee of 0.002 per "order segment", not 0.005.
Or is the fee you mentioned some different kind of NFA fee?

source: http://www.nfa.futures.org/news/news...ArticleID=3922

thank you
Any updates on math "behind the 0.005 figure"?

Thanks
  • #9,003
  • Feb 14, 2012 9:04am Feb 14, 2012 9:04am
Justin,i realised that e quotes for e above-mentioned platforms differs hell alot..by abt 6-9 pips,say for Nzd/Usd & Nzd/Jpy,i am starting to keep a close watch on other pairs as well,but is this Normal?
  • #9,004
  • Feb 14, 2012 10:14am Feb 14, 2012 10:14am
Quoting metrading
Any updates on math "behind the 0.005 figure"?

Thanks
Metrading,

Welcome to the boards. The math behind the figure is that the NFA is charging all order messages. We are not passing this along to all customers, only to those high-frequency traders that send a disproportionate number of messages to executions.
  • #9,005
  • Feb 14, 2012 10:16am Feb 14, 2012 10:16am
Quoting fxking
Justin,i realised that e quotes for e above-mentioned platforms differs hell alot..by abt 6-9 pips,say for Nzd/Usd & Nzd/Jpy,i am starting to keep a close watch on other pairs as well,but is this Normal?
Fxking,

I’m watching all platforms (Live accounts) right now and they are all in sync. Are you on PFL or FREE EXN live? If you can screenshot them being off, please private message it to me with the account numbers and I can check which quote server you are attached to. Remember, not everyone is hitting the same quote server depending on where you are in the world.
  • #9,006
  • Feb 14, 2012 11:06am Feb 14, 2012 11:06am
Quoting jleblang
Fxking,

I’m watching all platforms (Live accounts) right now and they are all in sync. Are you on PFL or FREE EXN live? If you can screenshot them being off, please private message it to me with the account numbers and I can check which quote server you are attached to. Remember, not everyone is hitting the same quote server depending on where you are in the world.
justin,my live mt4 platform just got crashed!!! i need a fresh RSA key,how do i get one,besides calling in[have a easier way to retrieve it?]...btw whats e best time to call if i wanna do so tomorrow instead?
  • #9,007
  • Feb 14, 2012 11:59am Feb 14, 2012 11:59am
Quoting fxking
justin,my live mt4 platform just got crashed!!! i need a fresh RSA key,how do i get one,besides calling in[have a easier way to retrieve it?]...btw whats e best time to call if i wanna do so tomorrow instead?
Fxking,

We no longer use RSA keys.
  • #9,008
  • Feb 14, 2012 1:56pm Feb 14, 2012 1:56pm
When will the hot keyes function work on Desktop Pro ??
  • #9,009
  • Feb 14, 2012 6:03pm Feb 14, 2012 6:03pm
Quoting jleblang
Fxking,

We no longer use RSA keys.
issue settled! called in
  • #9,010
  • Feb 14, 2012 6:26pm Feb 14, 2012 6:26pm
Quoting jleblang
Metrading,

Welcome to the boards. The math behind the figure is that the NFA is charging all order messages. We are not passing this along to all customers, only to those high-frequency traders that send a disproportionate number of messages to executions.
Justin, thanks for your reply.
I agree, if MBT would pass NFA fees to HFT traders as is, 0.02cent per order. But MBT is not passing it as is, but marking it up 2.5 times to 0.05 cent.
So looks like it's HFT traders, who will cover NFA fees for their own orders and also for orders done by LFT traders.
Would be fair if MBT would just pass 0.02 to HFT as is.
Any chance of that?

Thanks,
MeTrading
  • #9,011
  • Feb 15, 2012 12:08pm Feb 15, 2012 12:08pm
Quoting metrading
Justin, thanks for your reply.
I agree, if MBT would pass NFA fees to HFT traders as is, 0.02cent per order. But MBT is not passing it as is, but marking it up 2.5 times to 0.05 cent.
So looks like it's HFT traders, who will cover NFA fees for their own orders and also for orders done by LFT traders.
Would be fair if MBT would just pass 0.02 to HFT as is.
Any chance of that?

Thanks,
MeTrading
Metrading,

I apologize if I was unclear. The NFA is now charging per order message. We can either pass that along to all of our customers, or we can pass along a fee to people that bang heavily on our servers with a ridiculous amount of order messages that don’t turn into executions to pay the fee for everyone.
  • #9,012
  • Feb 15, 2012 9:36pm Feb 15, 2012 9:36pm
Quoting jleblang
Metrading,

I apologize if I was unclear. The NFA is now charging per order message. We can either pass that along to all of our customers, or we can pass along a fee to people that bang heavily on our servers with a ridiculous amount of order messages that don’t turn into executions to pay the fee for everyone.
justin,abt e server issue..i have been having 'Mis-Alignment' of quotes fr my live MT4 & Desktop Pro platforms all these time,but after talking to your MBT's reps and doing some self-testing(un-installing & re-installing a few times of Desktop Pro's platform),i realised that it was actually due to e fact that Desktop Pro's server is lagging since its based in california.As of now i dont have issue with my live MT4's quotes & also i have a few MT4s to make sure that e quotes r well kept in good position,but as for Desktop Pro i was offered a solution of using VPS? I need your advise on this,arent MBT supposedly to ensure that all quotes on either MT4 or Desktop Pro are well 'Aligned',since Both platforms are fr MBT afterall? Do we still need to use sevices like VPS or vice versa? thanks...
  • #9,013
  • Feb 15, 2012 10:27pm Feb 15, 2012 10:27pm
FXKing,

In case it may help you, I use PhotonVPS VPS, the one you can find on MBT site.
Getting like 7ms ping to MBT servers.
Can't comment on MT4 hosting, but their Zen Lunux works pretty well for 20 bucks a month.
Almost no connectivity issues in a 2 month, and brief one I encountered was less then a minute. Don't know if it was VPS or MBT issue.
And I subscribed to MBT quotes 24x6.
  • #9,014
  • Feb 16, 2012 5:31am Feb 16, 2012 5:31am
Quoting jleblang
We can either pass that along to all of our customers, or we can pass along a fee to people that bang heavily on our servers with a ridiculous amount of order messages that don’t turn into executions to pay the fee for everyone.
  • #9,015
  • Feb 16, 2012 2:39pm Feb 16, 2012 2:39pm
Any Desktop users --

I am trying to figure out why Curensee can't pick up the pips gained or lost on trades...

In Desktop on the OrderBook window, you can add a column called Pip P&L.

I think this should display closed pips gained or lost. I added it to my OrderBook and thought for sure that today Curensee would be able to pick it up since I would have a field populated with the info for them to grab.

Problem is, even though it is added to my OrderBook, it did not populate. If anyone would be so kind as to add the column to your OrderBook and tell me if yours will populate I would greatly appreciate it. It may be because I am using a version of Desktop that is specialized to work with NinjaTrader.

To add the column, right click on the Orderbook and click Add/Remove Columns. That opens the Add/Remove Columns window. Scroll through that list, and find Pip P&L. Drag that Pip P&L tag up to the top row, and continue holding down the mouse button while dragging until you are pointing exactly in between two columns you already have in the OrderBook's top row. Two green arrows will light up to indicate you are on target to drop the Pips P&L you are dragging.

Please tell me if yours populates with closed pips gained or lost.

To remove, drag it off your top row and drop it back into the Add/Remove Columns window.

You'll need some closed trades in the OrderBook for this to work.

If this is not correct, and not the way it should work, please advise.
  • #9,016
  • Feb 16, 2012 3:08pm Feb 16, 2012 3:08pm
I had asked months ago whether the Currensee API (at MBT) ran properly or was there a problem on Currensee's side.

I have used Currensee since last November.
I have never seen the Pips Gained/Lost show on Currensee's site.

It's a problem between the API and Nav Pro I've been told.

My few suggestions after months of playing with it...

Login to your Currensee profile and reconnect your Broker Accounts (in your Settings tab) every morning.
If it logs in (and doesn't time out) you are probably connected. If it times out, try a few minutes later.
If you do not connect properly... your trades for that day may not show (ever), as it is not retroactive.

It was very unstable (many days of not being able to connect) initially, but since the beginning of this year...
I have been able to actually get a connection every day except one.
I generally re-login at around 9:15am ESTish.

The other minor problem... is that Pay for Limits contributions to your account are not calculated in Cumulative Gain or loss.
They are just treated as deposits, same as with TradeExplorer or Myfxbook.com.

I use Pip P/L and Net P/L in my Orderbook window on Nav Pro, I always have.
My profile is here if you'd like to compare... as a member you can see my Strategy also I believe.
http://app.currensee.com/forexpert/f.../profile/KRKZN

Currensee is definitely less than perfect, but with not using MT4 (which I despise)...
there are no other options available for publishing with a Navigator Pro enabled account.
  • #9,017
  • Feb 16, 2012 3:21pm Feb 16, 2012 3:21pm
Thanks Intu,

Yeah I know that Currensee has problems with the API... its a frustrating company that has burned through 14 million dollars in venture capital and is only now figuring out what business they are in.

I mean seriously... that website looks like a 12 year old designed it in his mom's basement...

That said, the Trade Leaders program could be very lucrative... maybe the most lucrative program to be involved in other than Robins Trading's program. Actually I like Currensee's better as it is aimed at FX exclusively were Robins is mostly futures with FX as an afterthought.

I will be tenacious at getting Currensee to work properly... it will probably take someone from MB getting a long enough record with them that they want that person as a trade leader... only then will they have enough incentive to get a programmer that knows what he is doing to pull the info from the API.

If something is missing from the API MB will add whatever they need.... they just need to know what Currensee needs.... however, I suspect that the problem is not MB's API, but Currensee's inability to get just about anything right.

Anyway... we MB'ers that don't use that POS MT4 platform are a small contingent on Currensee so lets stick together and make them cater to us.
  • #9,018
  • Feb 16, 2012 4:42pm Feb 16, 2012 4:42pm
Quoting fxking
justin,abt e server issue..i have been having 'Mis-Alignment' of quotes fr my live MT4 & Desktop Pro platforms all these time,but after talking to your MBT's reps and doing some self-testing(un-installing & re-installing a few times of Desktop Pro's platform),i realised that it was actually due to e fact that Desktop Pro's server is lagging since its based in california.As of now i dont have issue with my live MT4's quotes & also i have a few MT4s to make sure that e quotes r well kept in good position,but as for Desktop Pro i was offered a solution...
FXking,

We can’t account for routing issues between your location and ours. If you don’t live near us, the best way to overcome this issue is to use a VPS so that your software is located near us. Obviously, depending on how sensitive your trading system is to millisecond by millisecond price movement, you may or may not care. If you have an advanced trading system like that, then that’s why we offer the VPS…to help eliminate as much routing and internet lag as possible. We generally find that people on the VPS don’t have quote issues, whereas people with a great distance between us and them might. We can’t control all of the pieces between you and us, so we suggest making that route as short as possible.
  • #9,019
  • Feb 16, 2012 10:36pm Feb 16, 2012 10:36pm
Quoting Crassius
Thanks Intu,

Yeah I know that Currensee has problems with the API... its a frustrating company that has burned through 14 million dollars in venture capital and is only now figuring out what business they are in.

I mean seriously... that website looks like a 12 year old designed it in his mom's basement...

That said, the Trade Leaders program could be very lucrative... maybe the most lucrative program to be involved in other than Robins Trading's program. Actually I like Currensee's better as it is aimed at FX exclusively were Robins...
I believe that MB's MT4 platform cant do the job well too. I have tried with fxjunction and fxstat but it seems that it cant track the signal properly especially when u have a partial filled. I think the reason could be their system is not made up for true ecn brokers.

U know... not even myfxbook can track my trade results properly.
  • #9,020
  • Feb 17, 2012 5:44am Feb 17, 2012 5:44am
Quoting ForexQuant
I believe that MB's MT4 platform cant do the job well too. I have tried with fxjunction and fxstat but it seems that it cant track the signal properly especially when u have a partial filled. I think the reason could be their system is not made up for true ecn brokers.

U know... not even myfxbook can track my trade results properly.
I'm sure its on their end... they are used to deal desk broker versions of MT4... throw FIFO, 28 different order types, partial fills... they just haven't spent the time to program their end to handle that.

MB has an API for them and is willing to add things to it if they need it... based on discussions I've read in the Idea Exchange....

I'm sure they are making a cost benefit analysis... until they feel that they are missing out of something by not servicing MB clients, its easier just to not support MB clients.

Squeeky wheel gets the grease. I'm staying on them.
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