Hi all, I need some help please. I have a live MT4 account with MB Trading and it works fine but to use range bars I need to add the EA and open another 1Min chart etc.. But I want to change to NT7 yet keep MB Trading.
I prefer Forex cash to Futures FX at this stage since with the smaller lot sizes I can better match my money management rules. Also MBT have good tight spreads 0.7-1.0 on the eur-usd plus being a ECN broker makes them fine for me.
But I have a problem......I use 3 and 5 range bars so when I connected my NT7 demo to the MBT Navigator demo feed and tried to load currencies (not Futures FX) they would sometimes load and sometimes not, very unstable. I contacted NT via their support forum and was told that this was a ongoing issue with the tick data supplied by MBT and NT had no date when this issue would be resolved. I also contacted MBT by chat but they, whislt friendly and as helpful as possible they did not have any advice since this was from their point of view a NT issue.
My questions.........1) Have any others had this issue with the NT / MBT / range bar combination? 2) Is interactive Brokers my only other NT / Forex cash / ECN / range bar combination.
I really don't want to leave MBT but this range bar issue is a deal breaker for me. Any advice or help gladly accepted...
Make sure that the range value is in 1/10 pips first (I.E. - 3 range = 30 range ) . I use NT 6.5 / range bars with MB with no problems at all so maybe try 6.5 .
btw - watch these guys (MB) when you use ninja because if theres any discrepencies , dropouts etc. etc. theyll blame ninja and youll be left holding the bag . I put all my orders directly on navigator and never had an issue with that .
Never gave them the chance to . Speaking with them left me seeing that ninjatrader is your responsibilty if connected to navigator . Ive asked MB a few "what if" this happens questions and got open ended answers so I dont need to get burned to have confirmation . For my trading its unnecessary to trade through ninja because I dont trade often and its all on larger tfs . When I send my orders and manage them on navigator its on their servers immediately .
See this thread for some varied opinions on MB and how they handle problems when the heat is on . Overall I like them a lot but like I said I dont give them much chance to screw up .
Completed what you suggested and though I'm using NT7 this has worked. So I'm smiling though NT bring up that MBT has a issue has left me a bit unsure and I think I may need to try IB for my forex cash trading with NT7. Need to ponder a bit more before the change though.
Probably not the right place to ask but what is the smallest lot size IB allow for Forex cash through their idealpro? MBT allow $1000 lots even 10,000 with IB would be fine.....
$10,000 units are the minimum with MB , like Sam said . I suggest reaching out to folks that have traded with MB live on NT . Scroll around the link for the FF MB thread I provided Im sure youll meet up with someone lucid thats on ninja over there . A lot of chronic whiners I suspect vent on that thread but its there to publicly air out issues with MB .
Thanks for the feedback guys. I checked with MBT via their chat and copied the following.....
MBT MarkM: Hello, Welcome to MB Trading! How may I help you?
Hi Mark, Quick question, is $1000 or $10,000 the smallest lot sizes I can trade with MB? MBT MarkM: 1,000
So its official, from the horses month $1000 it is. Perhaps its been changed recently, anyhow hope this helps.....
Huh! Good to know thanks . I have had partial fills of $1000 lots but never tried to trade a lot that small . I like the limit order rebate they announced too , save me a couple bucks .
There are few threads about MBT here, and all I've heard about them was positive.
Auto-trading or not, with Ninja, this is the same thing, the same thing, if it works with NT in discretionary mode, it will work in auto.
And, with these $1k lots, the test is not expensive (20 $1k lots for a $400 account...).
Success requires no deodorant! (Sun Tzu)
The following user says Thank You to sam028 for this post:
I have always had problem with range bars in NT. Charts tend to crash or not load. Especially if change time frames on the same chart, i.e. 1 minute to 3 range. Or 3 range to 6 range and back to 3. Always a problem. And since the beginning of the year range bars (tick data) won't load from the previous session. To get around this I have to leave my computer on 24x7 to keep the data seamless. So yeah, it's pretty retardad, hah.
I tried the DT Multi Charts yesterday and it was NICE. Charts loaded up easy, was able to change time frames and range sizes smoothly AND it's so easy to go into market replay. That is awesome. And of course, no problem loading historical tick data.
Only a couple things in MC that bother me. 1) There is a gap between each of the range bars. I made a post on their forum about this. And 2) Up and Down bars can not have their colors changed easily. You have to use a custom paintbar study (indicator) to paint over the bars so up bars are green and down bars are red. Which isn't too big of a deal but it also means the little open and close marks are off-color which is a slight annoyance.
I have been using the SIM on both MBTrading and Dukascopy with the same strategies and both NT native range bars and Better Renko, $EURUSD only. To date I havent had any real issues that I havent seen (before) occasionally with BarChart or Velocity Futures when trading futures.
I have seen occasional corruption of historical data from both forex sources. With Dukascopy I use market analysis to record data from all the 20+ pairs available for some other future analysis and trade scenario development. Sometimes that computer freezes and I do feel it is the motherboard design as I have had issues with that mainboard model on another system. I have to do a hard reset so corruption is always possible/likely under that circumstance.
With the MBTrading I do my main strategy troubleshooting, and do get an occasional annoying overfill, but with 8 charts running basically the same strategy on either same size range bars or same size Better Renko I can can see order collisions happening when use of same account for SIM. And that was part of the testing as well ... to push the limits to see what I can and cant do.
Hope this helps someone,, YMMV,
TJ
The following user says Thank You to Trader.Jon for this post:
Hey Sam , I havent traded a $1000 lot yet and was wondering if you were indeed doing just that . You're entering .1 lots as quantity on navigator , correct ?
