thread: MBTrading integrated with Mt4

No one. He's got the description incorrect.

Yes, he surely does.

Which broker uses this execution of the FIFO rules?

Forex will be almost entirely untradeable with these rules set up.

No one. He has the description incorrect. It doesn't apply to transactions in different currencies. With the deal desks, even if you open a EURUSD and then another EURUSD, you need to close the first step first. EURGBP then EURUSD wouldn't be related.

well, if you trade more than one pair, it may be a big problem for you. State you receive your first trade from the eur/usd and then a second one from the eur/gbp. So your next trade is prepared to be closed. but nope! Can't close it! It was not the trade started! Now you need to wait for the first trade to close and then see your next trade loose since the first was not prepared to be closed!

Which broker uses this implementation of the FIFO principles?

Forex will be almost entirely untradeable with these rules set up.

First in First Out. is this for accounting ? Sorry, I have not been keeping up so far. Is tihs a issue for traders?

Nicely, if you trade more than 1 pair, it may be a large issue for you. Say you get your first trade in the eur/usd and then a second one in the eur/gbp. So your second trade is prepared to be closed. but nope! Can't close it! It wasn't the first trade started! Nowadays you have to wait for the first trade to shut and then see your second trade loose since the first wasn't prepared to be closed!

Also, I dl'ed the MT4 MBT demonion, however, it didnt provide me an id and password.

You have to go to their website and get to the live conversation and talk to a MT4 specialist on the live chat options. They will give you the demo info in an email

First in First Out. is this for accounting ? Sorry, I haven't been keeping up to date. Is tihs a issue for traders?

Too, I dl'ed the MT4 MBT demonion, however, it will not give me an id and password.

I recall demoing ATC mbt and the trades were far better with mbt in demo and live than ATC all around. I possess a beta mt4 MBT account but stopped using due to FIFO

and have not seen disperse lower than MBT on the AUD/NZD in anyone's mt4 In LIVE mode. . Not one single broker.

oh I will not be familiar with ATC. MBT also broker for shares futures optinos etc..

Yeah the ATC MT4 is really good, but they only possess FX. What I like about them is commission is 8/100K round turn irrespective of pair traded. So, GU 100K is $8, whereas with MBT that same trade would be approximately $16 (100,000 Sterling=roughly $160,000 USD).

That Actually adds up over time! Of course it's a worse scenario if trading AUD or NZD, however I exchange largely GBP and EUR pairs, so for me it's better.

FYI...

Peace

Oh I will not be knowledgeable about ATC. MBT also broker for shares futures optinos etc..

just got this yesterday...I have been pushing this because two decades ago. IB was the only sound alternative. Anyways, this is great news. In case you dont know who MBT is subsequently never mind.

I enjoy this removing the deal desk functionality of MT4 No limitations against scalping. No requotes....

If it is as they say it is....

MetaTrader 4 with MB Trading

Dear MBT Clients, we're pleased to announce that MetaTrader 4, which is completely integrated into MB Trading's Authentic ECN Execution, is currently...

This same situation has existed with ATC for quite a while today, for approximately half the commission price of MBT...