MB Trading and range bar problem - futures io
futures io futures trading



MB Trading and range bar problem


Discussion in Brokers

Updated
      Top Posters
    1. looks_one sam028 with 6 posts (2 thanks)
    2. looks_two Eric j with 5 posts (2 thanks)
    3. looks_3 gracepips with 4 posts (0 thanks)
    4. looks_4 Trader.Jon with 2 posts (1 thanks)
    1. trending_up 7,071 views
    2. thumb_up 5 thanks given
    3. group 6 followers
    1. forum 21 posts
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

MB Trading and range bar problem

(login for full post details)
  #1 (permalink)
Northern Ireland, UK
 
 
Posts: 68 since Dec 2010
Thanks: 76 given, 43 received

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...

Reply With Quote

Journal Challenge February 2021 results:
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(173 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(120 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(35 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received


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 .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #4 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received


Eric j View Post
...

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 .

@Eric j, Can you tell us more about that ?
Did you had such problems ?

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #5 (permalink)
Northern Ireland, UK
 
 
Posts: 68 since Dec 2010
Thanks: 76 given, 43 received


Eric j View Post
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 .

Thanks Eric. So in the data box I need to enter 30 instead of 3...ahhh I'll try that now.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received


sam028 View Post
@ Eric j, Can you tell us more about that ?
Did you had such problems ?

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 .

MB Trading Futures - Introduction (Formerly EFX Thread) @ Forex Factory

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #7 (permalink)
Northern Ireland, UK
 
 
Posts: 68 since Dec 2010
Thanks: 76 given, 43 received


Eric j View Post
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 .

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.....

Reply With Quote
 
(login for full post details)
  #8 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received


gracepips View Post
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.....

For IB it's $25000.
Are you sure for MBT minimum ?
For me the smallest lot was $10000, not $1000.

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #9 (permalink)
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received


gracepips View Post
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 .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
Northern Ireland, UK
 
 
Posts: 68 since Dec 2010
Thanks: 76 given, 43 received



Eric j View Post
$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.....

Reply With Quote
 
(login for full post details)
  #11 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received


gracepips View Post
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.....

I've not been executed, but my order for a $1000 lot was accepted:



Quite cool

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #12 (permalink)
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received

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 .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #13 (permalink)
Fullerton, CA
 
 
Posts: 201 since Dec 2010
Thanks: 33 given, 98 received

I'd like to here from anyone who is using NT with MB for forex autotrading.

I opened an account but haven't done any trading yet and won't until I know it's safe and reliable.

Reply With Quote
 
(login for full post details)
  #14 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received


Tundi View Post
I'd like to here from anyone who is using NT with MB for forex autotrading.

I opened an account but haven't done any trading yet and won't until I know it's safe and reliable.

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)
Follow me on Twitter Reply With Quote
The following user says Thank You to sam028 for this post:
 
(login for full post details)
  #15 (permalink)
California
 
Experience: Intermediate
Platform: FxTrade/Ninjatrader
Broker: Oanda/MBT
Trading: Eur/Usd
 
Trankuility's Avatar
 
Posts: 269 since Jan 2011
Thanks: 54 given, 151 received


gracepips View Post
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...

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.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #16 (permalink)
Near the BEuTiFULL Horse Shoe
 
Experience: Beginner
Platform: NinjaTrader
Broker: MBTrading Dukascopy ZenFire
Trading: $EURUSD when it is trending
 
Trader.Jon's Avatar
 
Posts: 500 since Jul 2009
Thanks: 401 given, 183 received

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

Reply With Quote
The following user says Thank You to Trader.Jon for this post:
 
(login for full post details)
  #17 (permalink)
Near the BEuTiFULL Horse Shoe
 
Experience: Beginner
Platform: NinjaTrader
Broker: MBTrading Dukascopy ZenFire
Trading: $EURUSD when it is trending
 
Trader.Jon's Avatar
 
Posts: 500 since Jul 2009
Thanks: 401 given, 183 received


sam028 View Post
I've not been executed, but my order for a $1000 lot was accepted:

Attachment 29339

Quite cool

sam,

Definitely cool ... was that order done via NT7 ??

Jon

Reply With Quote
 
(login for full post details)
  #18 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received


Trader.Jon View Post
sam,

Definitely cool ... was that order done via NT7 ??

Jon

It was with NT6.5.

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #19 (permalink)
NY
 
Experience: Advanced
Platform: Esignal, MBT navigator
Trading: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,396 given, 2,576 received


sam028 View Post
It was with NT6.5.

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 ?

Thanks , Eric .

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #20 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received


Eric j View 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 ?

Thanks , Eric .

I only tried with Ninja, so with Qty=1000, and never tried with Navigator.
But I think you're correct, it should be 0.1.

edit: I also tried with MCDT, it's also working, its DOM accepts 0.1 lots, which means $1k for EUR/USD.

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
The following user says Thank You to sam028 for this post:
 
(login for full post details)
  #21 (permalink)
Battle Ground, WA
 
Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker: MB Trading
Trading: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received


Eric j View Post
$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 .

The minimum tradeable size on MBT is 1K and has been for as long as i can remember(since they were EFX anywway).

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #22 (permalink)
Battle Ground, WA
 
Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker: MB Trading
Trading: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
 
Posts: 75 since Feb 2011
Thanks: 10 given, 35 received


Trankuility View Post
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'll add this one. They don't have a Ray Trendline tool. When I asked them about it, they said "huh, we already have a line tool." Lost.

Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Reviews and Vendors Brokers > MB Trading and range bar problem


Last Updated on March 13, 2011


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

New Challenge (TBD)

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts