Anyone trading Live with MB Trading via MC DT - MultiCharts | futures io social day trading
futures io futures trading


Anyone trading Live with MB Trading via MC DT
Updated: Views / Replies:3,172 / 13
Created: by gracepips Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Anyone trading Live with MB Trading via MC DT

  #1 (permalink)
Trading for Fun
Northern Ireland, UK
 
Futures Experience: Beginner
Platform: Ninjatrader 7
Broker/Data: Optimus, MB Trading
Favorite Futures: 6E, CL & TF
 
Posts: 68 since Dec 2010
Thanks: 76 given, 40 received

Anyone trading Live with MB Trading via MC DT

Hi all, I am using NT and Optimus and am happy with both. But I want to try out a modified strategy I have with a much smaller position size, 1000 per lot instead of 100,000 with the futures market. Also I prefer to trade live albeit very small size it helps me be realistic.

I have read different views (leaning to the negative) of NT with the MBT data feed so I was going to try the MC DT with MBT. Has anyone used this MB Trading MC DT combination and how are your fills and platform stability?

No offence intended but I do want the views of the "Live" users and not demo.

Thanks in advance for any insight its appreciated......

Reply With Quote
 
  #2 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,074 since Aug 2011
Thanks: 970 given, 2,631 received

@gracepips

I have been live on NT through MB trading for a few months. While it is a short period of time I have never had an issue....not one. While I have heard the lamentations of some others their experience and mine have been quite different. My judgement on that was that the queer deal must be due to some other variable like harware, isp, or faulty human interface. I will say though that I use the MB spot forex feed not the CME micro. Best of luck. DB

Reply With Quote
The following user says Thank You to wldman for this post:
 
  #3 (permalink)
Trading for Fun
Northern Ireland, UK
 
Futures Experience: Beginner
Platform: Ninjatrader 7
Broker/Data: Optimus, MB Trading
Favorite Futures: 6E, CL & TF
 
Posts: 68 since Dec 2010
Thanks: 76 given, 40 received



wldman View Post
I have been live on NT through MB trading for a few months. While it is a short period of time I have never had an issue....not one. While I have heard the lamentations of some others their experience and mine have been quite different. My judgement on that was that the queer deal must be due to some other variable like harware, isp, or faulty human interface. I will say though that I use the MB spot forex feed not the CME micro. Best of luck. DB

Thanks wildman, I've opened a Live account with MBT and am now just waiting until my funding clears so I'll know soon enough in the live environment how things work. But I am expecting no major issues. I am thankful for you taking the time to answer...


Last edited by gracepips; October 11th, 2011 at 11:01 AM.
Reply With Quote
The following user says Thank You to gracepips for this post:
 
  #4 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,074 since Aug 2011
Thanks: 970 given, 2,631 received

All the best...

to you gracepips. Good luck and trade well. DB

Reply With Quote
 
  #5 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

I run MBT data on NT 6.5 (not 7 yet , sorry) and the only issue I have consistently is the bars or bar that forms during rollover tends to spike beyond levels price actually was traded at . Ommitting that time period will remedy that but try it out first .

Reply With Quote
The following user says Thank You to Eric j for this post:
 
  #6 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,074 since Aug 2011
Thanks: 970 given, 2,631 received

Hi Eric

I actually spoke with NT on an issue like that this morning. The guy asked what version I was on and said that 7 should hav ethat cleared up. I use NT7 btw. We determined that data was hanging somewhere. When I changed the chart timefram from 3 min to 60 min and back to 3 min all the data populated properly. I think that issue was a "here" issue not an NT issue. DB

Reply With Quote
 
  #7 (permalink)
Elite Member
Arizona, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: MB Trading
Favorite Futures: Cello
 
serac's Avatar
 
Posts: 116 since Jan 2011
Thanks: 321 given, 137 received


wldman View Post
I actually spoke with NT on an issue like that this morning. The guy asked what version I was on and said that 7 should hav ethat cleared up. I use NT7 btw. We determined that data was hanging somewhere. When I changed the chart timefram from 3 min to 60 min and back to 3 min all the data populated properly. I think that issue was a "here" issue not an NT issue. DB

Agreed. I had exactly the same issue with 5 minute bars on a demo account. I pinged the MBT forum, and after a slow reply, the problem cleared up. I have not seen this problem for some time. I changed nothing on my end, so I am guessing they cleaned up their rollover algorithm.

Reply With Quote
 
  #8 (permalink)
Trading for Fun
New Zealand
 
Futures Experience: Intermediate
Platform: Mac OS X
Broker/Data: MB Trading/AMP/LMAX
Favorite Futures: SL-1210 M5G
 
Posts: 72 since Jun 2011
Thanks: 2 given, 31 received

I thought this was a MC DT + MBT feed discussion??? :P talk about thread derail.

I have a live account and demo account with MB Trading. I use both everyday with Multicharts DT and feel that overall it is satisfactory but there are certainly some quirks. Quirks which I would like to be fixed, I am testing the 7.1 release today.

1) Due to MB Trading's 1/10th of a pip quotes the DOM is frustratingly not useful because it makes the DOM 10 lines apart at best (EUR/USD 1 pip spread). Unless you have a really big monitor or a monitor which can rotate and change aspect (like my Dell 2407wfp) you will find it very difficult to use the DOM.

2) PnL for non-USD pairs cannot report accurate profit and loss. My fav pair EUR/JPY cannot ever tell me the correct PnL. If you use Multicharts DT with MBT you cannot use Navigator to log in separately. My workaround for this is to use MBT Web (the silverlight web interface). It reports the correct PnL, positions and etc correctly to me.

3) "DAY" order types in MC DT do not work and get rejected. You can change the type to "GTC" which does work. The only annoying thing about this is that MC DT defaults to "DAY" orders (I at least haven't worked out where to change this default behaviour, so I claim ignorance if this is possible). If I forget to change this setting, my orders get rejected and I wonder WTF is going on until I read the server logs.

4) If you change your orders through the chart trading, MC DT will report the order as submitted. However there is a delay between submitting an order and the order servers actually accepting an order. This isn't an MC DT problem, it is simply how MBT works. It would be nice however if MC DT could report to you that a submitted order has been accepted. Again, I solve this issue by having MBT Web open and checking the orderbook.

If Multicharts fixed these bugs I would actually buy a lifetime license just so I don't have to work around these issues.

I know Multicharts is branded as an awesome automated trading tool, but I actually find its charting interface and chart trading to be the most pleasant discretionary trading interface ever.

Despite these issues I continue to use MC DT because I don't like NT as much. Oh and one other thing, I hope develop a nice "white background" colour scheme at some point. At the moment the entire program feels like the black background is what suits. Even if you change the background colour to white the other interface elements don't feel right.


Last edited by kamicrazy; October 13th, 2011 at 03:02 AM.
Reply With Quote
The following 2 users say Thank You to kamicrazy for this post:
 
  #9 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


kamicrazy View Post
I thought this was a MC DT + MBT feed discussion??? :P talk about thread derail.

I have a live account and demo account with MB Trading. I use both everyday with Multicharts DT and feel that overall it is satisfactory but there are certainly some quirks. Quirks which I would like to be fixed, I am testing the 7.1 release today.

1) Due to MB Trading's 1/10th of a pip quotes the DOM is frustratingly not useful because it makes the DOM 10 lines apart at best (EUR/USD 1 pip spread). Unless you have a really big monitor or a monitor which can rotate and change aspect (like my Dell 2407wfp) you will find it very difficult to use the DOM.

2) PnL for non-USD pairs cannot report accurate profit and loss. My fav pair EUR/JPY cannot ever tell me the correct PnL. If you use Multicharts DT with MBT you cannot use Navigator to log in separately. My workaround for this is to use MBT Web (the silverlight web interface). It reports the correct PnL, positions and etc correctly to me.

3) "DAY" order types in MC DT do not work and get rejected. You can change the type to "GTC" which does work. The only annoying thing about this is that MC DT defaults to "DAY" orders (I at least haven't worked out where to change this default behaviour, so I claim ignorance if this is possible). If I forget to change this setting, my orders get rejected and I wonder WTF is going on until I read the server logs.

4) If you change your orders through the chart trading, MC DT will report the order as submitted. However there is a delay between submitting an order and the order servers actually accepting an order. This isn't an MC DT problem, it is simply how MBT works. It would be nice however if MC DT could report to you that a submitted order has been accepted. Again, I solve this issue by having MBT Web open and checking the orderbook.

5) This last one aggravates me to no end. I really really like the chart trading in multicharts. It allows me to visualise where my orders are directly on the chart I am looking at. However there is a really annoying bug.
The way my accounts are organised at MBT is that my demo account appears in the MC DT list above my live account.
If I just trade using the demo account the chart trading is fine. No issues here.
However if I start trading live, this bug appears. Basically if I enter an order onto the chart it appears in the correct account being chart traded.
However once the trade is executed the open order appears in the demo account's chart trading interface instead. Although the entry marker appears in the live chart trading interface.
It is kind of hard to explain this in words so excuse me if it sounds confusing. What ends up being annoying about it is. I cannot attach an "exit strategy" to the order. The option is greyed out on the live account because it thinks there is no position open. If I try attaching it to the demo chart trading interface it submits an order for the demo account.

If Multicharts fixed these bugs I would actually buy a lifetime license just so I don't have to work around these issues.

I know Multicharts is branded as an awesome automated trading tool, but I actually find its charting interface and chart trading to be the most pleasant discretionary trading interface ever.

Despite these issues I continue to use MC DT because I don't like NT as much. Oh and one other thing, I hope develop a nice "white background" colour scheme at some point. At the moment the entire program feels like the black background is what suits. Even if you change the background colour to white the other interface elements don't feel right.

Thanks for sharing.

I am a MBT live account holder.

Started with Nav Pro to Ninja to MCDT. Hate Nav Pro and Ninja.

Ask on MC forum how to put a fix disaster stop in case of some unfortunate event happen and they say you have to attach stop every time you initiate an order.

I didnt apply for a second log in ID since so many thing you have to submit. Can you use MBT web for trade management?

Reply With Quote
 
  #10 (permalink)
Trading for Fun
Northern Ireland, UK
 
Futures Experience: Beginner
Platform: Ninjatrader 7
Broker/Data: Optimus, MB Trading
Favorite Futures: 6E, CL & TF
 
Posts: 68 since Dec 2010
Thanks: 76 given, 40 received


thank you for this very helpful post and info. I too have considered using MCDT instead of NT for one thing it would save my $60 a month. But I really like the NT chart trader (I don't use the DOM) and I suppose I worry because MBDT is free and will this mean it is not as "good" or "stable" as the full version. Sort of "you get what you pay for" idea. Since I trade live and not demo this concerns me though it's probably a "me" problem not trusting MC:-)

Anyways these points are great helps as I finally settle on a combination..........


kamicrazy View Post
I thought this was a MC DT + MBT feed discussion??? :P talk about thread derail.

I have a live account and demo account with MB Trading. I use both everyday with Multicharts DT and feel that overall it is satisfactory but there are certainly some quirks. Quirks which I would like to be fixed, I am testing the 7.1 release today.

1) Due to MB Trading's 1/10th of a pip quotes the DOM is frustratingly not useful because it makes the DOM 10 lines apart at best (EUR/USD 1 pip spread). Unless you have a really big monitor or a monitor which can rotate and change aspect (like my Dell 2407wfp) you will find it very difficult to use the DOM.

2) PnL for non-USD pairs cannot report accurate profit and loss. My fav pair EUR/JPY cannot ever tell me the correct PnL. If you use Multicharts DT with MBT you cannot use Navigator to log in separately. My workaround for this is to use MBT Web (the silverlight web interface). It reports the correct PnL, positions and etc correctly to me.

3) "DAY" order types in MC DT do not work and get rejected. You can change the type to "GTC" which does work. The only annoying thing about this is that MC DT defaults to "DAY" orders (I at least haven't worked out where to change this default behaviour, so I claim ignorance if this is possible). If I forget to change this setting, my orders get rejected and I wonder WTF is going on until I read the server logs.

4) If you change your orders through the chart trading, MC DT will report the order as submitted. However there is a delay between submitting an order and the order servers actually accepting an order. This isn't an MC DT problem, it is simply how MBT works. It would be nice however if MC DT could report to you that a submitted order has been accepted. Again, I solve this issue by having MBT Web open and checking the orderbook.

If Multicharts fixed these bugs I would actually buy a lifetime license just so I don't have to work around these issues.

I know Multicharts is branded as an awesome automated trading tool, but I actually find its charting interface and chart trading to be the most pleasant discretionary trading interface ever.

Despite these issues I continue to use MC DT because I don't like NT as much. Oh and one other thing, I hope develop a nice "white background" colour scheme at some point. At the moment the entire program feels like the black background is what suits. Even if you change the background colour to white the other interface elements don't feel right.


Reply With Quote

Reply



futures io > > > > Anyone trading Live with MB Trading via MC DT

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MB Trading papa15 Reviews of Brokers and Data Feeds 60 June 4th, 2015 10:47 PM
FXCM vs MB Trading Big Mike Reviews of Brokers and Data Feeds 16 September 16th, 2011 08:12 AM
LA/West Coast Brokerages - Cannon Trading, MB Trading, who am I missing? jlancaster Reviews of Brokers and Data Feeds 4 August 23rd, 2011 04:50 PM
Webinar Trading Video: Live Trading and Technical Analysis of EuroStoxx 50 max-td Trading Reviews and Vendors 1 March 13th, 2010 07:35 AM
MB Trading and NT bigK Reviews of Brokers and Data Feeds 3 January 5th, 2010 04:51 PM


All times are GMT -4. The time now is 11:51 PM.

Copyright © 2017 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
Page generated 2017-12-15 in 0.19 seconds with 19 queries on phoenix via your IP 54.163.210.170