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MB Trading Futures - Introduction

  • #10,101
  • Feb 8, 2013 10:15am Feb 8, 2013 10:15am
This is a copy of a msg I posted yesterda AM on FXCM-MB Trading
once again this AM I submitted a market order, ..(8123132) and the could never insert stop loss, or profit target. matter of fact I could not even close order, continually got off quotes???finall I called order desk (after waiting ) and had order closed before it went wild against me..the clerk indicated the meta 4 platform was having problems. This is about thee 4th/5th time this has happened, this AM I just happened to end up with a profit instead of a loss.
I guess it's time to find me a new broker
  • #10,102
  • Feb 8, 2013 10:27am Feb 8, 2013 10:27am
Quoting sfg7th
This is a copy of a msg I posted yesterda AM on FXCM-MB Trading
once again this AM I submitted a market order, ..(8123132) and the could never insert stop loss, or profit target. matter of fact I could not even close order, continually got off quotes???finall I called order desk (after waiting ) and had order closed before it went wild against me..the clerk indicated the meta 4 platform was having problems. This is about thee 4th/5th time this has happened, this AM I just happened to end up with a profit instead of a loss.
I guess it's time to find...
I feel for you... it sucks when your tools won't work.

Get rid of MT4 and your problem will be solved.

Desktop is under-appreciated by those who do not invest the time to learn it. Even so, I don't like its charting and choose to use Ninjatrader to chart.

You'll find a several more platform choices under that are compatible with MB here:

http://www.mbtrading.com/partnerprogram.aspx

Click the charting and analytics tab on that page and a host of alternatives besides Desktop will appear. You will find things exist beyond MT4 that are far superior.
  • #10,103
  • Feb 11, 2013 1:17am Feb 11, 2013 1:17am
Quoting sfg7th
This is a copy of a msg I posted yesterda AM on FXCM-MB Trading
once again this AM I submitted a market order, ..(8123132) and the could never insert stop loss, or profit target. matter of fact I could not even close order, continually got off quotes???finall I called order desk (after waiting ) and had order closed before it went wild against me..the clerk indicated the meta 4 platform was having problems. This is about thee 4th/5th time this has happened, this AM I just happened to end up with a profit instead of a loss.
I guess it's time to...
Ditto what Crassius said. I have 5 accounts with MB. MT4 is crap software, which isn't MB's fault. It brings newbies into the FX world. More forward.
  • #10,104
  • Feb 11, 2013 3:29am Feb 11, 2013 3:29am
Quoting IndyTrader
Ditto what Crassius said. I have 5 accounts with MB. MT4 is crap software, which isn't MB's fault. It brings newbies into the FX world. More forward.
Couldn't agree more.
I'm not insane; my mother had me tested.
  • #10,105
  • Feb 11, 2013 3:53am Feb 11, 2013 3:53am
Quoting Crassius
I feel for you... it sucks when your tools won't work.

Get rid of MT4 and your problem will be solved.

Desktop is under-appreciated by those who do not invest the time to learn it. Even so, I don't like its charting and choose to use Ninjatrader to chart.

You'll find a several more platform choices under that are compatible with MB here:

http://www.mbtrading.com/partnerprogram.aspx

Click the charting and analytics tab on that page and a host of alternatives besides Desktop will appear. You will find things exist beyond MT4 that...
MotiveWave has just added support for MB Trading as well, but they are not on the alternate Charting/analysis page yet. I haven't demoed it yet, but needled them to add support for MB, and they now have on their website that MB is fully supported.
  • #10,106
  • Feb 11, 2013 11:25am Feb 11, 2013 11:25am
MT4 for charting DTPro for order entry would be my choice.....
  • #10,107
  • Feb 13, 2013 3:55pm Feb 13, 2013 3:55pm
Can one trade off the charts with MBT like Oanda Fx Trade? Downloaded MBT Desktop Pro. Looks like overkill with stuff but not a real fast way of getting a trade in scalping.
  • #10,108
  • Feb 13, 2013 8:12pm Feb 13, 2013 8:12pm
Quoting dforant1
Can one trade off the charts with MBT like Oanda Fx Trade? Downloaded MBT Desktop Pro. Looks like overkill with stuff but not a real fast way of getting a trade in scalping.
looked at oanda trading platform seems to be easy...but have no experience in using it for fast scalping..how do U apply it ?
  • #10,109
  • Feb 13, 2013 8:14pm Feb 13, 2013 8:14pm
Quoting TraderPablo
looked at oanda trading platform seems to be easy...but have no experience in using it for fast scalping..how do U apply it ?
I dont think it is possible to trade off the charts on mbt like fi on oanda....however spreads seem to be a little better on mbt...
  • #10,110
  • Edited 10:40am Feb 14, 2013 10:05am | Edited 10:40am
Quoting dforant1
Can one trade off the charts with MBT like Oanda Fx Trade? Downloaded MBT Desktop Pro. Looks like overkill with stuff but not a real fast way of getting a trade in scalping.
My scalping setup is below. Instead of trading off of charts, you can click the Level II window (it will prefill order prices in order entry window)
and send many types of orders (or set Limit orders with 1/10 of a pip accuracy). You can cancel and choose different limits or market quickly.
You can use the OneClick trading function (on left) and use market or limit orders.
As you learn the platform, you can setup "hotkeys" to tie order functions to keystrokes, improving your speed.
There is no better retail platform than MB Trading's Navigator Pro for scalping in my opinion.
Oanda is simpler with less versatility... and a "bucket shop" environment with generally higher spreads (EUR/USD).
Attached Image (click to enlarge)
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  • #10,111
  • Feb 14, 2013 10:29am Feb 14, 2013 10:29am
Quoting Intu
Oanda is simpler with less versatility... and a "bucket shop" environment with generally higher spreads (EUR/USD).

Since the introduction of their variable spreads, EURUSD is considerably higher.
  • #10,112
  • Feb 14, 2013 11:31am Feb 14, 2013 11:31am
Hi
Long time not seen Justin Hope he is ok!
  • #10,113
  • Feb 14, 2013 11:48am Feb 14, 2013 11:48am
Quoting Intu
My scalping setup is below. Instead of trading off of charts, you can click the Level II window (it will prefill order prices in order entry window)
and send many types of orders (or set Limit orders with 1/10 of a pip accuracy). You can cancel and choose different limits or market quickly.
You can use the OneClick trading function (on left) and use market or limit orders.
As you learn the platform, you can setup "hotkeys" to tie order functions to keystrokes, improving your speed.
There is no better retail platform than MB Trading's Navigator Pro for scalping in my opinion.
Oanda is simpler with less versatility... and a "bucket shop" environment with generally higher spreads (EUR/USD).


Is this kind of market depth the norm now? When i had an account (years ago) there would be between 20 and 30 million on each side. Now its only 6 to 7 million, judging from your screenshot. Looks like they are down to only 2 or 3 banks quoting prices on MBT?
  • #10,114
  • Feb 14, 2013 12:02pm Feb 14, 2013 12:02pm
Quoting Intu
My scalping setup is below. Instead of trading off of charts, you can click the Level II window (it will prefill order prices in order entry window)
and send many types of orders (or set Limit orders with 1/10 of a pip accuracy). You can cancel and choose different limits or market quickly.
You can use the OneClick trading function (on left) and use market or limit orders.
As you learn the platform, you can setup "hotkeys" to tie order functions to keystrokes, improving your speed.
[b]There is no better retail platform than MB Trading's Navigator...
thx for sharing....ru talking abt MBT Desktop pro? not sure abt Oanda but mbt never answers Q's I think they reduced staff..i cant find level2 on my dtp...
  • #10,115
  • Feb 14, 2013 12:06pm Feb 14, 2013 12:06pm
I'd say it is on average, 10 million per side. I wouldn't necessarily view each price level as an individual bank though.
Things constantly change every second, or fraction of a second, obviously.
The high-frequency component of the quoted market is probably much greater than it was even 2 years ago.

There are not levels and levels of prices to sift through, no.
Again, I think this is the result of liquidity providers or any high-frequency players (individual or small group)
using better technology to capture inefficiencies, thus everyone has to "step up" their game or widen their spreads.

We have seen both I believe. Only two years ago, it seemed easy to get 0.9 pips spread EUR/USD,
now brokers will tell you it is a function of volatility or uncertainty.

I believe it is a question of speed. We have higher spreads now (at the retail level).
The people who provide those spreads, I believe are at greater risk, to being run over by "speed", thus they require more compensation.

I would love for more active retail customers to show up at MB Trading, thus reducing our spread
because of the possibility of customer-to-customer order interaction (EXN = "ECN").

(all of the above is only my opinion based upon observations over the last 4 years)
  • #10,116
  • Feb 14, 2013 12:09pm Feb 14, 2013 12:09pm
Quoting TraderPablo
.ru talking abt MBT Desktop pro?...i cant find level2 on my dtp...
Yes, it is called Market Depth on MBT Navigator Pro, open that window.
  • #10,117
  • Feb 14, 2013 12:55pm Feb 14, 2013 12:55pm
Quoting Intu
Yes, it is called Market Depth on MBT Navigator Pro, open that window.
i have it open all the time what ru using this for ..im looking for a quick scalping entry/exit method.. now I just just buy/sell sometimes limit .....but not sure if this is worth it...for scalping it either swings through or no fill...works well for better fills though sometimes...
  • #10,118
  • Feb 14, 2013 1:07pm Feb 14, 2013 1:07pm
Quoting Intu
My scalping setup is below. Instead of trading off of charts, you can click the Level II window (it will prefill order prices in order entry window)
and send many types of orders (or set Limit orders with 1/10 of a pip accuracy). You can cancel and choose different limits or market quickly.
You can use the OneClick trading function (on left) and use market or limit orders.
As you learn the platform, you can setup "hotkeys" to tie order functions to keystrokes, improving your speed.
[b]There is no better retail platform than MB Trading's...
Thanks for the time and effort. The above looks good. I have set up many MB desktop pro's so far and have been picking away at it. It's starting to make sense. I'm using the demo now until I'm confident in it. Been dragging the stop limit order lines up and down the chart. Make 15-20 trades per week with FxTrade but don't like the negative stuff about Oanda. Fact or fiction it's time for an ECN.
  • #10,119
  • Feb 14, 2013 1:14pm Feb 14, 2013 1:14pm
Quoting TraderPablo
i have it open all the time what ru using this for ..im looking for a quick scalping entry/exit method.. now I just just buy/sell sometimes limit .....but not sure if this is worth it...for scalping it either swings through or no fill...works well for better fills though sometimes...
Most of it is my fault though for no fills on tp limit orders...greed and unrealistic expectations ....but I can change that..no problm...still intersted in easy in n out method....I think U explained it bt im a little slow....just gimme another angle of it or example if u dont mind...thx.

prbl. wont be back until later this evening..im on CT..was up all night and this mid morning....tough market with24/7...was a lot easier yrs ago...just a few hours a day....
  • #10,120
  • Feb 20, 2013 10:10am Feb 20, 2013 10:10am
Is anyone using the mobile platform?

For the past few days I haven't been able to access the orderbook. It either times out telling me "Operation Could Not Be Completed" or it claims I don't have any open orders, although if I am at home I can see on my PC that I do in fact have open orders. Very frustrating when I want to modify/cancel open orders and don't have access to a PC, I have to call the helpdesk to have them do anything I need.
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