MB Trading Futures - Introduction | Page 510 | 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

  • #10,181
  • Apr 8, 2013 9:57am Apr 8, 2013 9:57am
Quoting dforant1
Got connected 7:10 est. with MT4.
I am on a demo account, I have frequent disconnections, slow response times (I am in GMT) and even had one core dump.
  • #10,182
  • Apr 8, 2013 3:24pm Apr 8, 2013 3:24pm
Quoting IndyTrader
I'm 100% familiar with them. That's why I'm asking, because I think you are reading something wrong. You can do Stop Limits on the PFL plan as well.
According to the site:

*A Stop Limit where the stop is one price and the limit is set just
beyond that to control slippage is a “marketable” order which would not
qualify for the Pay for Limits scenario.*

I use stop limit stop orders so the limit is same as the stop. My
style of trading demands that I stick as close to the stop order in order
to maximize my small profit because of the average move that is easy to
obtain.

How could I benefit?
  • #10,183
  • Apr 8, 2013 6:12pm Apr 8, 2013 6:12pm
Quoting dforant1
According to the site: *A Stop Limit where the stop is one price and the limit is set just beyond that to control slippage is a “marketable” order which would not qualify for the Pay for Limits scenario.* I use stop limit stop orders so the limit is same as the stop. My style of trading demands that I stick as close to the stop order in order to maximize my small profit because of the average move that is easy to obtain. How could I benefit?
Yes, you can do that on either plan. The excerpt you quoted is simply saying that you wouldn't get paid for the Limit piece of the trade on your Stop Limit (because it is marketable). Has nothing to do with which plan you can or should use.
  • #10,184
  • Apr 8, 2013 7:02pm Apr 8, 2013 7:02pm
Quoting IndyTrader
Yes, you can do that on either plan. The excerpt you quoted is simply saying that you wouldn't get paid for the Limit piece of the trade on your Stop Limit (because it is marketable). Has nothing to do with which plan you can or should use.
I make about 25-40 trades per week. 20 lots. I do like the Desktop Pro more than mt4 now after demoing it on the side. The Pay for Limits seems workable but is an uneducated guess concerning this matter. I use no indi's or Ea's.

Which would you advise for I will still demo it having success with MT4 till I am comfortable with the system and platform.

Thanks for the insight, MBT is deep but I like it.
  • #10,185
  • Apr 8, 2013 8:45pm Apr 8, 2013 8:45pm
when they stop taking margin on open orders mabe il go back
  • #10,186
  • Edited 8:56am Apr 9, 2013 8:26am | Edited 8:56am
Is anyone experiencing any execution issues as of lately?

I trade multiple accounts at the same time and orders often get stuck in "Order is accepted" state (MT4) for ~5-15 seconds. And then all are executed simultaneously.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #10,187
  • Apr 10, 2013 10:52am Apr 10, 2013 10:52am
Quoting dforant1
I make about 25-40 trades per week. 20 lots. I do like the Desktop Pro more than mt4 now after demoing it on the side. The Pay for Limits seems workable but is an uneducated guess concerning this matter. I use no indi's or Ea's. Which would you advise for I will still demo it having success with MT4 till I am comfortable with the system and platform. Thanks for the insight, MBT is deep but I like it.
The main question is whether or not you use Limit orders much. For example, if you buy the EURUSD and put a Limit to sell it at a certain price if it gets up there, that's a Limit you would get paid on. That makes the PFL plan much better. But if you mostly just trade Stop Limits to get in and Markets or Stops to get out, then it probably doesn't matter much, FREE EXN might be better for you.
  • #10,188
  • Apr 10, 2013 10:54am Apr 10, 2013 10:54am
Quoting V4X
Is anyone experiencing any execution issues as of lately? I trade multiple accounts at the same time and orders often get stuck in "Order is accepted" state (MT4) for ~5-15 seconds. And then all are executed simultaneously.
Here's what to do.

Log into the same account with Desktop Pro. Place the order in MT4 and watch the Orderbook and Open Orders and Positions windows in Desktop Pro while you do it. This will let you know if the delay is execution or just display and response.
  • #10,189
  • Apr 10, 2013 11:01am Apr 10, 2013 11:01am
Quoting V4X
Is anyone experiencing any execution issues as of lately? I trade multiple accounts at the same time and orders often get stuck in "Order is accepted" state (MT4) for ~5-15 seconds. And then all are executed simultaneously.
5 to 15 seconds is a very long time.... but I wonder if this is the delay is executing the orders, or just the delay in the reporting back to you ( executions that have already happened). I suspect the later.
  • #10,190
  • Apr 10, 2013 11:14am Apr 10, 2013 11:14am
Quoting Crassius
5 to 15 seconds is a very long time.... but I wonder if this is the delay is executing the orders, or just the delay in the reporting back to you ( executions that have already happened). I suspect the later.
I moved to Jforex, no delays, on-click orders and a fab GUI.
  • #10,191
  • Apr 10, 2013 12:15pm Apr 10, 2013 12:15pm
Quoting shlomok
I moved to Jforex, no delays, on-click orders and a fab GUI.

I refuse to learn java just to switch platforms. I have too much invested in NijaTrader and C# to switch. But given MB's spread increases, there are other competing brokers that are just as appealing.
  • #10,192
  • Apr 10, 2013 12:17pm Apr 10, 2013 12:17pm
Quoting Crassius
I refuse to learn java just to switch platforms. I have too much invested in NijaTrader and C# to switch. But given MB's spread increases, there are other competing brokers that are just as appealing.
Unless you intend running automated trading, why do you assume you need to learn java?
  • #10,193
  • Apr 10, 2013 12:35pm Apr 10, 2013 12:35pm
Quoting shlomok
Unless you intend running automated trading, why do you assume you need to learn java?

There is much one can do with custom programming other than automated trade execution.

I make use of custom programming for data mining, custom indicators and back-testing systems, even though I manually enter trades. With Ninja its even possible to place custom buttons on the tool bar to automate common tasks with one click. jForex has an API to allow custom programming, but it is not very well documented. NinjaTrader has wonderful documentation, including vast amounts of open code written by others, that can be used to supplement the official documentation.

NinjaTrader continues to grow its user base across asset classes, so I expect more and more brokers to offer it as a platform choice. FXCM recently added NinjaTrader, for example. I have a long history with MB and they have treated me well over many years. Sadly they are not the standout in the value department they once were.
  • #10,194
  • Apr 10, 2013 3:58pm Apr 10, 2013 3:58pm
Quoting Crassius
But given MB's spread increases, there are other competing brokers that are just as appealing.
What spreads have increased?
  • #10,195
  • Apr 10, 2013 7:02pm Apr 10, 2013 7:02pm
Quoting IndyTrader
What spreads have increased?
EURUSD
  • #10,196
  • Apr 11, 2013 7:21am Apr 11, 2013 7:21am
Quoting Crassius
EURUSD
Where?
Attached Image
  • #10,197
  • Apr 11, 2013 9:38am Apr 11, 2013 9:38am
Quoting Crassius
EURUSD
I've not experienced that. Can you give me an example? Is there a certain time of day?
  • #10,198
  • Apr 11, 2013 12:29pm Apr 11, 2013 12:29pm
Quoting IndyTrader
I've not experienced that. Can you give me an example? Is there a certain time of day?
I have better things to to do than prove the obvious, so are some quickly derived facts....

I took every tick on a randomly chosen day... I chose Nov 7 2012, as December is an odd month with half the month being Holiday effected, and Nov being far enough back by memory to have what was then the long standing average EURUSD spread of around .9 pips....

Over all 80477 ticks of November 7, 2012 the average EURUSD spread was .000085...

I then took all ticks from yesterday April 10. Over all 39,388 ticks the average EURUSD spread was .000102

Prior to the increase, the exact date of which I dont know off the top of my head, but it would be in the data to find should someone care to invest the resources, EURUSD spreads at MB Trading were about 17 percent narrower than they are today.

This seventeen percent increase in EURUSD spreads, is on top of the Pay for Limits reward scheme being slashed, farther raising the per trade cost at MB Trading.
  • #10,199
  • Apr 11, 2013 1:17pm Apr 11, 2013 1:17pm
Quoting Crassius
I have better things to to do than prove the obvious, so are some quickly derived facts.... I took every tick on a randomly chosen day... I chose Nov 7 2012, as December is an odd month with half the month being Holiday effected, and Nov being far enough back by memory to have what was then the long standing average EURUSD spread of around .9 pips.... Over all 80477 ticks of November 7, 2012 the average EURUSD spread was .000085... I then took all ticks from yesterday April 10. Over all 39,388 ticks the average EURUSD spread was .000102 Prior to...
The problem with Forums is many posters post info that's not substantiated. There is nothing better than the facts. If one can't back it up don't say it. We have better things to do also than to read unsubstantiated posts. Thanks finally for some facts. Now folks like myself can determine whether MBtraders Pay for Limits fits their needs. I chose their EXN offer 2 weeks ago.
  • #10,200
  • Apr 11, 2013 1:54pm Apr 11, 2013 1:54pm
Quoting dforant1
The problem with Forums is many posters post info that's not substantiated. There is nothing better than the facts. If one can't back it up don't say it. We have better things to do also than to read unsubstantiated posts. Thanks finally for some facts. Now folks like myself can determine whether MBtraders Pay for Limits fits their needs. I chose their EXN offer 2 weeks ago.
Crassius has been a supporter of MBT for a while, especially their Navigator Pro platform and its merits vs MT4. He also helps getting traders working with NinjaTrader. I do not know how long he as been with MBT, but he pre-dates the Free-EXN for sure.

As do I...and I 100% see the increase in spreads, diminished returns for PFL, and splitting of their trader base between PFL and Free-EXN as detrimental to their success. Just pull up the daily EURUSD chart and look at the drop in volume (aka ticks) at the start of Aug 2012. Volume aka movement equals opportunity. There are far, far fewer in-house bids and asks seen in the book these days relative to 1 year ago. Hence, the spreads have widened as we traders no longer get matched with each other and now are subject to the whims of their price providers.

I too have switched to Free-EXN as the PFL value proposition has basically become null.

While MBT is decent for US traders, it is no longer a signature destination. Sadly, most forex in US has fallen under the same decay due to ridiculous regulations. None-the-less, MBT seems to be falling faster than others.
1 trader viewing now