MB Trading Futures - Introduction | Page 476 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Introduction and trading basics 27 replies

Introduction to Level 2 4 replies

VTTrader: How to Write Your Own VT Indicator Introduction. 0 replies

Interest Rates: An Introduction 0 replies

An introduction to spread betting 0 replies

Attachments: MB Trading Futures - Introduction
Exit Attachments

MB Trading Futures - Introduction

  • #9,501
  • May 21, 2012 9:50pm May 21, 2012 9:50pm
Quote
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
  • #9,502
  • May 22, 2012 12:01am May 22, 2012 12:01am
Quoting QuadrupleX
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...
Holy fuck you are dumb.
FXChant Singing the World of Forex
  • #9,503
  • May 22, 2012 12:42am May 22, 2012 12:42am
Quoting IndyTrader
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.
What do you mean?
  • #9,504
  • May 22, 2012 6:55am May 22, 2012 6:55am
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
  • #9,505
  • May 22, 2012 6:58am May 22, 2012 6:58am
Quoting QuadrupleX
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...
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...
  • #9,506
  • May 22, 2012 9:13am May 22, 2012 9:13am
Quoting slovforex
What do you mean?
I mean MB has something like 28 order types. No, most brokers do not have that many.
  • #9,507
  • May 22, 2012 9:14am May 22, 2012 9:14am
Quoting BroncoCap
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
Today I had not any problem with MBT Desktop Pro 43 trades and 79000 unit without any problem.
  • #9,508
  • May 22, 2012 9:17am May 22, 2012 9:17am
Quoting signorx
Today I had not any problem with MBT Desktop Pro 43 trades and 79000 unit without any problem.
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!
  • #9,509
  • May 22, 2012 9:49am May 22, 2012 9:49am
Sorry if ask again:

Hi Justin, In case of Greek exit from Euro, MB Trading will offer Greek cross by day 0? Thanks
  • #9,510
  • May 22, 2012 10:02am May 22, 2012 10:02am
Quoting signorx
Sorry if ask again:

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

I don’t know. I’ll look into it.
  • #9,511
  • May 22, 2012 10:09am May 22, 2012 10:09am
Quoting jleblang
Signorx,

I don’t know. I’ll look into it.
Thank You!
  • #9,512
  • May 22, 2012 11:24am May 22, 2012 11:24am
Quoting signorx
Thank You!
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.
  • #9,513
  • May 22, 2012 5:48pm May 22, 2012 5:48pm
Quoting V4X
When is the Windows Phone version coming?
+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.
  • #9,514
  • May 22, 2012 7:53pm May 22, 2012 7:53pm
Quoting Atc
so that MB and its' many "plants" will claim I am advertising their service.

Bill
Hey Bill

Care to mention who these "plants" are?
  • #9,515
  • May 22, 2012 7:59pm May 22, 2012 7:59pm
Quoting Snarkalarker
Hey Bill

Care to mention who these "plants" are?
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.
  • #9,516
  • May 23, 2012 6:07am May 23, 2012 6:07am
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
  • #9,517
  • May 23, 2012 6:43am May 23, 2012 6:43am
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.
  • #9,518
  • May 23, 2012 6:50am May 23, 2012 6:50am
Quoting BroncoCap
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...
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.
  • #9,519
  • May 23, 2012 6:56am May 23, 2012 6:56am
Quoting shrike
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.
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
  • #9,520
  • May 23, 2012 6:59am May 23, 2012 6:59am
Quoting ForexQuant
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.
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...
4 traders viewing now