Finally a REAL ECN MT4 broker? - Page 11

MBT_Justin · #**101** (**permalink**) 10-01-2009, 07:56 PM

Dear TSD Members,

I am pleased to announce that MetaTrader 4, which is fully integrated into MB Trading’s True ECN Execution, is now available for live trading to the general public as a public Beta. As many of you are aware, we have spent countless amounts of time and energy completely removing the deal desk functionality of MT4, all while maintaining as much of the customer user experience as possible, including the automated trading components.

Integration Notes:

• FIFO compliant;
• Expert Advisors working on a trade ID basis;
• Immediate and anonymous posting of all Limit orders directly into the quotes for anyone else to see and execute against;
• No limitation on proximity of Limit and Stop orders;
• Direct routing of market orders through proprietary algorithms to obtain best-price execution against banks, customers, and other dark pools of liquidity;
• No requotes; and
• No restrictions against scalping.

Opening Your Live Account:

Please read the following notes before moving forward.

• Nav accounts and Meta accounts are now compatible, but you will still need to open a new account at this time to use MT4. You will end up with Navigator and MT4 accounts with the same account numbers.
• All statements are generated through our on-line FIFO statement process. MetaTrader statements have been disabled due to the new NFA FIFO requirement.
• Once you start the Online Application process, you’ll have the choice to select MBT Navigator or MetaTrader 4 as your platform of choice, it’s very important you select MetaTrader 4.
• If you plan to run EAs in this account please be sure to read about the difference between deal desk MT4 and ECN MT4 here: MT4 ECN Difference. It is advised that you test all EAs in our Demo environment first.
• Since we expect a high volume of new accounts during the first 30 days, we ask that you be patient while your account is being processed. Our average new account processing time is 24-48 hours, but we are anticipating the wait to increase to as much as 5 days before approval.
• Someone from new accounts will contact you once they start reviewing your application.
• Your new account can be funded with as little as $400.

If you’re ready to start trading, please visit Open Account and select Open an Individual Account.

Questions can be sent to mtsupport@mbtrading.com or MT4 Support Live Chat.

Thank you for your continued support of MB Trading – Enjoy.

painless · #**102** (**permalink**) 10-24-2009, 04:44 AM

Greetings All,
Anybody have first hand experience trading both of these on MT4? If so please compare the following.
1/ Fills and slippage.
2/ Spread during news.
3/ Downtime, connection loss etc.
4/ Speed of execution.
5/ Bad ticks
6/ Stop proximity:
I have been a client of MB for about 2 years. There is no such thing as stop hunting. I have had the price go within 0.00001 of my stop and not hit. It has even hit my price and not taken me out. That one really made me happy as it reversed and turned into a winner.

Previous posts have stated that FxOpen is using Dukascopy as the route for their ECN. If so then that would appear to be a bona fide approach.
Please don't fill this thread with opinions about integrity based on geographical location or race. These have been repeated ad nauseam on other threads.
Cheers

jafar00 · #**103** (**permalink**) 10-25-2009, 11:20 AM

Quote:

Originally Posted by painless

I have had the price go within 0.00001 of my stop and not hit. It has even hit my price and not taken me out. That one really made me happy as it reversed and turned into a winner.

Thanks for the smile you just gave me. When your stop loss doesn't get filled and you end up with a winner in the end, it's the one time where not being filled makes you happy!

painless · #**104** (**permalink**) 10-25-2009, 12:21 PM

Quote:

Originally Posted by jafar00

Thanks for the smile you just gave me. When your stop loss doesn't get filled and you end up with a winner in the end, it's the one time where not being filled makes you happy!

That was obviously the exception. It made me smile too but my point was that "stop hunting" is something that happens to other people.

Bongo · #**105** (**permalink**) 10-25-2009, 03:33 PM

Quote:

Originally Posted by painless

That was obviously the exception. It made me smile too but my point was that "stop hunting" is something that happens to other people.

Hide your stop loses. Broker will not see your stop loses.
He can hunt the witches.

jafar00 · #**106** (**permalink**) 10-26-2009, 11:45 AM

Quote:

Originally Posted by painless

That was obviously the exception. It made me smile too but my point was that "stop hunting" is something that happens to other people.

I make that observation often. People who spend a lot of their time losing, keep doing so because they blame their broker for stop hunting or whatever excuse, instead of looking at how they are trading and doing something to fix whatever mistakes they made.

HIDEURGOAT · #**107** (**permalink**) 11-10-2009, 10:23 PM

I have been trying to demo the MT4 with MB for a few months. I have been trying to use an EA I have. I had so many no connection trades I have all but given up. I was testing the EA on two different brokerage accounts, didn’t have this problem with the other one. When I asked why this was happing I was told that they were loading software on the demo version! Well that would be ok if it happened once but for weeks? Come on man, I’m not buying that. Anyone else having this problem?