MB Trading - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


MB Trading
Updated: Views / Replies:19,943 / 60
Created: by papa15 Attachments:8

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
 8  
 
Thread Tools Search this Thread
 

MB Trading

  #21 (permalink)
Elite Member
California
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Index Futures
 
Haverchuck's Avatar
 
Posts: 105 since Jul 2009
Thanks: 76 given, 78 received


sysot1t View Post
one word to describe what I just saw.... run ......

they now accept credit cards for funding accounts (FX Accounts at that)... poor hoeful retail trader now has the ability to get into the market with borrowed funds at 30% on a credit card...

It seems like MB has been a mixed bag recently. On one hand they start offering refunds for certain FX limit orders and have improved their software a bit, but on the other other hand they decide to accept CC, which, as you pointed out, would have to be the ultimate act of desperation for a trader. They could have at least went with Paypal instead if they need a new option for funding. Meanwhile, they never seem to say much about the number one customer complaint -- data feed quality and stability. Let's hope that have some strict controls/protocols in place for CC funded accounts.

Reply With Quote
 
  #22 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received


forrestang View Post
I've used MB for FX to feed data to NT 6.5 and 7. I just used it to create charts and backfill. I DID NOT use it to place orders through ninja though. I find the API for MB FX through ninja to be cumbersome and hard to use.


Haverchuck View Post
[..]Meanwhile, they never seem to say much about the number one customer complaint -- data feed quality and stability. [..]

Hm, I thought it was my internet connection, software or because I use a MB Trading demo account, but do you guys also experience data problems?

Since I'm only testing with MB Trading, I haven't yet experienced problems with real-time trading. Yet their historical backfill contains numerous big gaps - see for example the attached images from MultiCharts with time set to exchange time (Eastern Standard Time, UTC-5). I've checked these gaps against their trading hours (see here, under the Forex header) but these gaps happen (as far as I can tell) at various times inside their trading hours.

Are these errors normal?

Regards,

Attached Thumbnails
MB Trading-gapmbtradingchart1.png   MB Trading-gapmbtrading1.png  
Reply With Quote
 
  #23 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,169 received



Jura View Post
Hm, I thought it was my internet connection, software or because I use a MB Trading demo account, but do you guys also experience data problems?

Since I'm only testing with MB Trading, I haven't yet experienced problems with real-time trading. Yet their historical backfill contains numerous big gaps - see for example the attached images from MultiCharts with time set to exchange time (Eastern Standard Time, UTC-5). I've checked these gaps against their trading hours (see here, under the Forex header) but these gaps happen (as far as I can tell) at various times inside their trading hours.

Are these errors normal?

Regards,

I've seen them to. They don't exist on IQFeed FXCM feed, and I've also never seen them on TT or Zen Fire. It could just be a bad tick, but if it isn't then I would be pissed if an order actually got triggered by one of these moves. While I've seen it a couple of times, I've never had an order on during the event to see what happens.

You might try contact MBT support and see what they say. And ask them to fix the historical server if it is a bad tick so you can reload your chart and correct it. You can also do this from QuoteManager - edit data, find the bad tick and remove it. I think there might also be an option to filter the bad ticks in MultiCharts, where it automatically throws out a tick if it's > xx ticks from the prior ticket, but I may be confused (sorry, haven't slept).

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #24 (permalink)
Urban Samurai
Chicago IL
 
Futures Experience: Intermediate
Platform: Ninja, MT4,TOS, SC, Matlab
Broker/Data: CQG, AMP, MB, DTN
Favorite Futures: E/U, G/U
 
forrestang's Avatar
 
Posts: 1,039 since Jun 2010
Thanks: 226 given, 687 received


Jura View Post
......but do you guys also experience data problems?

......... I haven't yet experienced problems with real-time trading.

As mentioned earlier, my biggest problems have come with the real-time data. During busy times, MB sends what appears to be dozens upon dozens of erroneous tics to ninja. It doesn't reflect these erroneous tics in MB desktop for example, but it sends them to ninja and displays charting errors.

THEN..... when I reload my charts, those erroneous tics that produced the weird pa are gone.

Reply With Quote
The following user says Thank You to forrestang for this post:
 
  #25 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,169 received


forrestang View Post
As mentioned earlier, my biggest problems have come with the real-time data. During busy times, MB sends what appears to be dozens upon dozens of erroneous tics to ninja. It doesn't reflect these erroneous tics in MB desktop for example, but it sends them to ninja and displays charting errors.

THEN..... when I reload my charts, those erroneous tics that produced the weird pa are gone.

Interesting. I've not used their data in MultiCharts, mainly because I am lazy. I've been trading off IQfeed charts and just doing the math in my head to convert the FXCM feed price to the MBT feed price for targets/stops. I am only using this account for longer term trades, maybe 1-2 trades a day max, so hasn't been a big deal.

But I've only seen this "bad tick" problem twice and I've been running MBT Desktop Pro for probably 1-2 months now (hard to remember exactly).

NinjaTrader has an option to filter bad ticks, check tools - options - data feed. It might help.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #26 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received

Thanks for your quick replies.

Big Mike View Post
You might try contact MBT support and see what they say. And ask them to fix the historical server if it is a bad tick so you can reload your chart and correct it. You can also do this from QuoteManager - edit data, find the bad tick and remove it. I think there might also be an option to filter the bad ticks in MultiCharts, where it automatically throws out a tick if it's > xx ticks from the prior ticket, but I may be confused (sorry, haven't slept).

I've dropped them a email. It's not a bad tick though - "just" missing a couple of hours of historical data. I've also reloaded the chart data in MultiCharts, and it seems it just reloads the wrong data - both in MC6 as in MCDT. Just have to wait what MB Trading support says.


forrestang View Post
As mentioned earlier, my biggest problems have come with the real-time data. During busy times, MB sends what appears to be dozens upon dozens of erroneous tics to ninja. It doesn't reflect these erroneous tics in MB desktop for example, but it sends them to ninja and displays charting errors.

THEN..... when I reload my charts, those erroneous tics that produced the weird pa are gone.

Hm, worrying, especially if that triggers orders. Thanks for pointing it out, will need to test this further.


Just a update on this problem: it seems to happen in both MC6 and MCDT (which suggest to me that it is wrong MB Trading data). See attached screens of two recent examples in MCDT.

Regards,

Attached Thumbnails
MB Trading-mcdt_1.png   MB Trading-mcdt_2.png  
Reply With Quote
 
  #27 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,169 received

Oh, that is completely different. Like you said, that is a whole in your data. Ctrl-R doesn't fix in MC?

What I've seen is like a 200 tick tall 30 minute bar when price actually only moved 30-40 ticks. Like a bad tick in the bar showing a trade that didn't actually occur. Have only seen in twice.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #28 (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


sysot1t View Post
one word to describe what I just saw.... run ......

they now accept credit cards for funding accounts (FX Accounts at that)... poor hoeful retail trader now has the ability to get into the market with borrowed funds at 30% on a credit card...

I'm not defending MB Trading for their shortcomings but I find them accepting credit cards to be a good thing.

I have opened several accounts with MB Trading in the past and to get them funded was such a pain having to do a wire transfer from the bank. CC deposits is much more convenient for me.

Reply With Quote
 
  #29 (permalink)
Elite Member
Belgium
 
Futures Experience: Advanced
Platform: SaxoTrader
Broker/Data: SaxoBank
Favorite Futures: ESTX
 
Posts: 290 since Dec 2009
Thanks: 242 given, 109 received

Not being a client yet, here's a technical question.

If sending orders via NinjaTrader, will they be duplicated in real-time on the MBT Desktop (proprietary) platform ? (with no action on my side)

I'm asking because I want my account performance to be tracked by Currensee and they told me MBT Desktop is needed for the purpose. However Ninja is my platform of choice for execution, tools, etc and I don't wanna change.

Reply With Quote
 
  #30 (permalink)
Trading Apprentice
San Francisco, California
 
Futures Experience: Advanced
Platform: NT, TS
Broker/Data: MBT
Favorite Futures: ES, EC, GC, CL
 
Posts: 28 since Mar 2010
Thanks: 1 given, 10 received



SARdynamite View Post
Not being a client yet, here's a technical question.

If sending orders via NinjaTrader, will they be duplicated in real-time on the MBT Desktop (proprietary) platform ? (with no action on my side)

I'm asking because I want my account performance to be tracked by Currensee and they told me MBT Desktop is needed for the purpose. However Ninja is my platform of choice for execution, tools, etc and I don't wanna change.

Yes, all orders entered through NT will appear in MBT Desktop. So, should NT freeze, you can always login into the stand-alone MBT Desktop and monitor the situation while trying to get NT going again.

Reply With Quote
The following user says Thank You to dtrade88 for this post:

Reply



futures io > > > > MB Trading

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
MB Trading Desktop Pro Big Mike Platforms and Indicators 21 December 18th, 2011 05:15 PM
How to: Connect MCDT to MB Trading Jura MultiCharts 31 October 5th, 2011 04:36 PM
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
MB Trading and range bar problem gracepips Reviews of Brokers and Data Feeds 21 March 13th, 2011 05:34 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 07:16 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 2017-11-21 in 0.13 seconds with 20 queries on phoenix via your IP 54.224.102.26