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Whats the best data combination for NT and MBT
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Whats the best data combination for NT and MBT

  #1 (permalink)
Trading for Fun
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Whats the best data combination for NT and MBT

Hi guys need some advice. I have a live licence for NT that I use through VFM and it works fine, no problems at all. But I want to test out a new strategy that has worked well on my NT sim but it means my stop loss will be around 25+ pips (eur/usd) and since I like to do my final testing in a live market I don't want to risk 2 x 6E contracts x 25pips a trade tooooooooo much to test live with until its proved itself!!!!

So I want to use my NT (I tried MBT Nav Pro and found it complicated) via MB Trading and use their $1000 / 0.10 cent lot size to give my strategy a good testing and may even stay with MBT if it works well. I have read loads of posts over at the NT forum about MBT data problems with NT7 though a lot seemed to focus on NT / MBT and tick data. I'll be using 1min, 5min and 60min charts nothing unusual no range or renko etc.

Now to my question (eventually:-)) is there away I can use NT7 to place my trades with MBT but use a different/better data feed. And if so who would be the cheapest/best combination ....or....since I'm not using tick data will the MBT data feed with NT7 be ok?

Thanks for your patience with this novel..............:-)

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  #3 (permalink)
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If you're looking to minimize risk with either real 0.01 lot sizes, or even just test in a demo environment, you can consider passing the trades from NT into a MT4 environment.

There is a little known "poor man's API" found here, where you basically load up a script/EA in a MT4 chart, which monitors for a text file to be in a specific format, which initiates a trade into the MT4 system you are currently executing the trades on.

You would simply need to write out the file from within NT when your trade has been triggered, and your SLs and all would be picked up by the MT4 environment and executed. I have used this methodology to pass trades from Tradestation and even from one MT4 to another, and it works incredibly well IMO.

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  #4 (permalink)
Trading for Fun
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Thanks Beljevina for this new idea and I'll have a read on the NT forum and may use this or just go with the MBT data since in the end of the day its only 0.10c a tick and I'll find out soon enough if the MBT / NT combo works ok for me.

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gracepips View Post
Thanks Beljevina for this new idea and I'll have a read on the NT forum and may use this or just go with the MBT data since in the end of the day its only 0.10c a tick and I'll find out soon enough if the MBT / NT combo works ok for me.

why not just use the 6E for data, and the M6E for entering the trades?

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  #6 (permalink)
Trading for Fun
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mmmmh, sysot1t to be honest never thought about that idea and it maybe a good possibility. It would save me the bother of having another trading account and the money transfers etc etc.

I have read on this forum and others about the poor liquidity the mini futures have but since I would be using 1 or 2 M6e contracts per entry I guess this would be not be an issue. Worth trying a handful of trades and see how it goes.

I just need to check if I can trade the mini through VFM and if their comms are reasonable. With MBT the forex spread on their ECN is virtually always less that 1pip normally 0.6-0.9. But either way its worth trying if its available to me........thanks!!

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gracepips View Post
mmmmh, sysot1t to be honest never thought about that idea and it maybe a good possibility. It would save me the bother of having another trading account and the money transfers etc etc.

I have read on this forum and others about the poor liquidity the mini futures have but since I would be using 1 or 2 M6e contracts per entry I guess this would be not be an issue. Worth trying a handful of trades and see how it goes.

I just need to check if I can trade the mini through VFM and if their comms are reasonable. With MBT the forex spread on their ECN is virtually always less that 1pip normally 0.6-0.9. But either way its worth trying if its available to me........thanks!!

MBT spread will always be in favor of trading spot vs futures... 1 M6E will cost you RT $1.86.. so about 2 ticks just to breakeven..

E-micro - EUR/USD (M6E) Commissions | Velocity Futures

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gracepips View Post
Thanks Beljevina for this new idea and I'll have a read on the NT forum and may use this or just go with the MBT data since in the end of the day its only 0.10c a tick and I'll find out soon enough if the MBT / NT combo works ok for me.

I think you're considering it, but will just note that it's MBT's MT4 that you could use. And, it sounds like your strategy could execute a trade within the spread, thus, you could be paid by MBT for the trade, and be a tad better off than with any other MT4. You'd have to do some basic MT4 scripting/programming, but it's not too complicated.



sysot1t View Post
why not just use the 6E for data, and the M6E for entering the trades?

Great idea, but I have been monitoring M6E, and the liquidity is poor much of the time, and the spreads are wider than 6E; overall volume is surprisingly low, especially in the the Asia session.

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Beljevina View Post
Great idea, but I have been monitoring M6E, and the liquidity is poor much of the time, and the spreads are wider than 6E; overall volume is surprisingly low, especially in the the Asia session.

why would anyone trade EUR during the asian session? anyhow, yes... volume is "low"... but if you are trading 1 to 5 contracts, it is not so bad.. also, they are clearly not for scalping.. that is what the 6E would be for.. so anyone getting into a M6E trade, should be holding a trade for longer than 30 seconds right?

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sysot1t View Post
why would anyone trade EUR during the asian session? anyhow, yes... volume is "low"... but if you are trading 1 to 5 contracts, it is not so bad.. also, they are clearly not for scalping.. that is what the 6E would be for.. so anyone getting into a M6E trade, should be holding a trade for longer than 30 seconds right?

Hmm. I trade the euro (on spot, but also 6E) fairly often during Asia; sure it will often do 30 pips and then revert to where it came from, or, it can make a 60-100 pip move, or, it can be like last night's (Sunday) open where it paid 300 pips. I'm EST as well, and the opportunities are there from 7pm-ish to 9pm - I tend to have a couple of entries, where I cash one after what looks like the end of the move, and then I might leave another - got very lucky last night, given the Dexia "news" but also the fact that the last 2 or 3 Sundays gapped down 100 pips, but this past Friday close was rather bullish. Bottom line, is it's quite tradeable, technical, and often low stress.

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