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MB Trading Futures - Introduction

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  • Post #9,501
  • Quote
  • May 22, 2012 12:50am May 22, 2012 12:50am
  •  V4X
  • | Joined Mar 2011 | Status: 24/7 | 123 Posts
Quote
Disliked
MBT MetaTrader 4 on the Go!
Now you can trade on the MetaTrader 4 platform on the go! MB Trading FX has launched its MetaTrader 4 platform for mobile trading. The MB Trading mobile MetaTrader 4 app will be available for iPhone, Android and Windows phones. The mobile MetaTrader 4 app will have the easy-to-use features you have come to know and love from our desktop MT4, including the ability to turn expert advisors on and off. It can be downloaded from Google Play, iTunes and the Windows Phone Marketplace. There also will be direct links from the...

When is the Windows Phone version coming?
"Everyone gets what they want out of the market." -- Ed Seykota
 
 
  • Post #9,502
  • Quote
  • May 22, 2012 3:01am May 22, 2012 3:01am
  •  fxchant
  • | Joined Dec 2006 | Status: Member | 229 Posts
Quoting QuadrupleX
Disliked
You are wrong in your theory.

The only "incentive" a bank has on MBeta is because of their bulk of deposit. They don't give a s**t about MBeta's order flows because it is something too small for them to bother. Unless their LP is a very small bank.

On any MM the orders are offset internally, bulk orders long against bulk orders short. That process is managed by sophisticated algorithms. Only when unbalances happens the LP kicks in which is very rare. The algos will freeze the platform or resort to other gimmicks instead.

LP cotes work as...
Ignored
Holy fuck you are dumb.
FXChant Singing the World of Forex
 
 
  • Post #9,503
  • Quote
  • May 22, 2012 3:42am May 22, 2012 3:42am
  •  slovforex
  • | Joined Sep 2009 | Status: Member | 816 Posts
Quoting IndyTrader
Disliked
Depends on the exact order. Some brokers have something similar to some of them, but most brokers don't have anywhere near the total catalog of orders that MBT offers.
Ignored
What do you mean?
 
 
  • Post #9,504
  • Quote
  • May 22, 2012 9:55am May 22, 2012 9:55am
  •  BroncoCap
  • | Joined Sep 2011 | Status: Not a Teacher Nor a Student | 333 Posts
Today was not about slippage, rather the 'brown out' connection issue that occurred around ~08:50EST. Web and mobile trading worked, but Desktop Pro was slow and had many disconnections. Restarting seemed to help, still a pain the arse...

50,000 units traded today, nearly all limit (44 micro limit filled, 6 micro stop market filled).

0 slippage on the 6 micro stop order
+9.5 slippage on the limit orders. 1/2 and 1/2 buy side, sell side and 1/2 and 1/2 slippage for buys and sells, +5.2 pips buy side, +4.3 pips sell side.

BroncoCap
 
 
  • Post #9,505
  • Quote
  • May 22, 2012 9:58am May 22, 2012 9:58am
  •  BroncoCap
  • | Joined Sep 2011 | Status: Not a Teacher Nor a Student | 333 Posts
Quoting QuadrupleX
Disliked
You are wrong in your theory.

The only "incentive" a bank has on MBeta is because of their bulk of deposit. They don't give a s**t about MBeta's order flows because it is something too small for them to bother. Unless their LP is a very small bank.

On any MM the orders are offset internally, bulk orders long against bulk orders short. That process is managed by sophisticated algorithms. Only when unbalances happens the LP kicks in which is very rare. The algos will freeze the platform or resort to other gimmicks instead.

LP cotes work...
Ignored
Contrary to what was said above, LPs do care about order flow, hence the improvement in spreads for the Free-EXN feed. MBT said, put up or shut up and those banks that put up were allotted order flow on that system.

As for your statement about MM/price freezes/disconnects, that is a red herring non-applicable to MBT so I won't even respond.

We know how you feel about MBT Quad, but at least reply w/ substantive, informed answers...
 
 
  • Post #9,506
  • Quote
  • May 22, 2012 12:13pm May 22, 2012 12:13pm
  •  IndyTrader
  • | Joined Nov 2007 | Status: Member | 540 Posts
Quoting slovforex
Disliked
What do you mean?
Ignored
I mean MB has something like 28 order types. No, most brokers do not have that many.
 
 
  • Post #9,507
  • Quote
  • May 22, 2012 12:14pm May 22, 2012 12:14pm
  •  signorx
  • | Joined Jul 2009 | Status: Member | 99 Posts
Quoting BroncoCap
Disliked
Today was not about slippage, rather the 'brown out' connection issue that occurred around ~08:50EST. Web and mobile trading worked, but Desktop Pro was slow and had many disconnections. Restarting seemed to help, still a pain the arse...

50,000 units traded today, nearly all limit (44 micro limit filled, 6 micro stop market filled).

0 slippage on the 6 micro stop order
+9.5 slippage on the limit orders. 1/2 and 1/2 buy side, sell side and 1/2 and 1/2 slippage for buys and sells, +5.2 pips buy side, +4.3 pips sell side.

BroncoCap
Ignored
Today I had not any problem with MBT Desktop Pro 43 trades and 79000 unit without any problem.
 
 
  • Post #9,508
  • Quote
  • May 22, 2012 12:17pm May 22, 2012 12:17pm
  •  BroncoCap
  • | Joined Sep 2011 | Status: Not a Teacher Nor a Student | 333 Posts
Quoting signorx
Disliked
Today I had not any problem with MBT Desktop Pro 43 trades and 79000 unit without any problem.
Ignored
Thanks,
My guess is my internet flinched and Desktop Pro had a hard time reconnecting. Should've restarted straight away, but jumped on my phone first, then checked desktop connectivity. Always learning (rather than blaming!)...

Cheers!
 
 
  • Post #9,509
  • Quote
  • May 22, 2012 12:49pm May 22, 2012 12:49pm
  •  signorx
  • | Joined Jul 2009 | Status: Member | 99 Posts
Sorry if ask again:

Hi Justin, In case of Greek exit from Euro, MB Trading will offer Greek cross by day 0? Thanks
 
 
  • Post #9,510
  • Quote
  • May 22, 2012 1:02pm May 22, 2012 1:02pm
  •  jleblang
  • | Joined Apr 2006 | Status: MB Trading | 2,112 Posts
Quoting signorx
Disliked
Sorry if ask again:

Hi Justin, In case of Greek exit from Euro, MB Trading will offer Greek cross by day 0? Thanks
Ignored
Signorx,

I don’t know. I’ll look into it.
 
 
  • Post #9,511
  • Quote
  • May 22, 2012 1:09pm May 22, 2012 1:09pm
  •  signorx
  • | Joined Jul 2009 | Status: Member | 99 Posts
Quoting jleblang
Disliked
Signorx,

I don’t know. I’ll look into it.
Ignored
Thank You!
 
 
  • Post #9,512
  • Quote
  • May 22, 2012 2:24pm May 22, 2012 2:24pm
  •  jleblang
  • | Joined Apr 2006 | Status: MB Trading | 2,112 Posts
Quoting signorx
Disliked
Thank You!
Ignored
I was told, that assuming our banks are fully prepared to offer the Greek cross and stream it MB Trading, there shouldn't be any delays.
 
 
  • Post #9,513
  • Quote
  • May 22, 2012 8:48pm May 22, 2012 8:48pm
  •  jdwbryan
  • | Joined Oct 2009 | Status: Only losers care about losing. | 84 Posts
Quoting V4X
Disliked
When is the Windows Phone version coming?
Ignored
+1...I'm waiting on the windows phone version too. I assume (hope) that when the message from MBT said "Windows Phone" it actually means Windows Phone, NOT Windows Mobile...considering they are two entirely different operating systems.
 
 
  • Post #9,514
  • Quote
  • May 22, 2012 10:53pm May 22, 2012 10:53pm
  •  Snarkalarker
  • | Joined Feb 2012 | Status: Member | 157 Posts
Quoting Atc
Disliked
so that MB and its' many "plants" will claim I am advertising their service.

Bill
Ignored
Hey Bill

Care to mention who these "plants" are?
 
 
  • Post #9,515
  • Quote
  • May 22, 2012 10:59pm May 22, 2012 10:59pm
  •  IndyTrader
  • | Joined Nov 2007 | Status: Member | 540 Posts
Quoting Snarkalarker
Disliked
Hey Bill

Care to mention who these "plants" are?
Ignored
According to them, a "plant" is everyone that likes MB. That's as opposed to "workers at other brokers," which is the only reason someone would bother keeping up and posting on a board for a broker that they have no interest in using.

Their "logic" is that if you like MB, you must be a fake promoter of the company (rather than someone that follows the thread because you are interested in hearing from MB Trading), but if you don't like MB, it makes total sense to hang out all day and post here.

Once you get through all of that, you'll find the Ignore button feature here quite handy.
 
 
  • Post #9,516
  • Quote
  • May 23, 2012 9:07am May 23, 2012 9:07am
  •  BroncoCap
  • | Joined Sep 2011 | Status: Not a Teacher Nor a Student | 333 Posts
I will only do this for the remainder of the week as I don't think it benefits many here, although I will keep the data for myself can share via private message.

54,000 units traded, with 48,000 via limits and remaining 6,000 via stop market.

+17.3 pips limit slippage; +7.2pips on 21,000 buy-side; +10.1 on 27,000 sell-side
-2.2 pips stop market slippage all on 6,000 buy-side

Glad to see order restored on the board, while Quad is a character, he does not benefit or expand the board's content with his wildly erratic posts. And given I am an MBT Fanboy, happy to see the core, content, yet demanding MBT users remaining.

Cheers
 
 
  • Post #9,517
  • Quote
  • May 23, 2012 9:43am May 23, 2012 9:43am
  •  shrike
  • Joined Jan 2007 | Status: Member | 1,818 Posts
Bronco: i assume you add those numbers up from multiple executions? The average would be much more interesting than the sum in my opinion. Either just an average on a per trade basis or weighted by pos. size.
 
 
  • Post #9,518
  • Quote
  • May 23, 2012 9:50am May 23, 2012 9:50am
  •  ForexQuant
  • Joined Jan 2010 | Status: Member | 519 Posts
Quoting BroncoCap
Disliked
I will only do this for the remainder of the week as I don't think it benefits many here, although I will keep the data for myself can share via private message.

54,000 units traded, with 48,000 via limits and remaining 6,000 via stop market.

+17.3 pips limit slippage; +7.2pips on 21,000 buy-side; +10.1 on 27,000 sell-side
-2.2 pips stop market slippage all on 6,000 buy-side

Glad to see order restored on the board, while Quad is a character, he does not benefit or expand the board's content with his wildly erratic posts. And given I am...
Ignored
I have done this kind of test over thousand of trades. Basically you can expect an average positive slippage of 0.2-0.3 pip per trade for limit order on EURUSD.
 
 
  • Post #9,519
  • Quote
  • May 23, 2012 9:56am May 23, 2012 9:56am
  •  BroncoCap
  • | Joined Sep 2011 | Status: Not a Teacher Nor a Student | 333 Posts
Quoting shrike
Disliked
Bronco: i assume you add those numbers up from multiple executions? The average would be much more interesting than the sum in my opinion. Either just an average on a per trade basis or weighted by pos. size.
Ignored
Shrike,
Yeah, I was contemplating the best way to analyze the data. Basically, any given trade, depending on size, can greatly skew the results. Currently, I normally trade 1-2 micros/trade, but it can be up to 8-10. The sum and pure average is informational, especially as sample size gets to be M's of units, but not nearly as helpful daily.
In short, due to the differing trade sizes along with partial fill possibilities, I have taken the lump and split approach. I analyze all my data either in a sum-based method or in a x/micro method. Max favorable/adverse excursions are use per micro (using FIFO accounting too).
So many ways to skin a forex cat! I'll contemplate and run some Excel worksheets to see if I can find different, more informative data summaries.

Cheers!
BroncoCap
 
 
  • Post #9,520
  • Quote
  • May 23, 2012 9:59am May 23, 2012 9:59am
  •  BroncoCap
  • | Joined Sep 2011 | Status: Not a Teacher Nor a Student | 333 Posts
Quoting ForexQuant
Disliked
I have done this kind of test over thousand of trades. Basically you can expect an average positive slippage of 0.2-0.3 pip per trade for limit order on EURUSD.
Ignored
That seems to be the value I see as well. I'm more curious on the stop market slippage, but it will take much longer to build a significant dataset, along with the fact that the std dev of slippage will likely be much, much larger. Time will tell...
 
 
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