Registered: Feb 2003
01-08-13 05:45 PM
Quote from Mr_You:
FYI, I've tried contacting you via PM to no avail...I've been curious how things have been going with MBTrading and NT and if you're still using Pay for Limits?
Well I can tell you that I started using an MBTrading demo this week and NT executing orders against its Sim101 account. Yes I am aware of the potential fundamental Sim101 issues here.
But even with this setup, position management seems completely broken beyond belief. I'll enable a strategy and suddenly its in a position, but the Positions tab has no entry. And there is no way to "clear" this position except until the strategy gets an exit signal. I understand there are some issues noted in the NT-MBTrading disclaimer (when you add the account connection), but this is beyond what is to be expected.
I'm using the latest software from both companies and the bottom line is its completely unusable. Its hard to believe that a brokers API that is only being used for a data feed has this much affect on NTs position management.
I'll give FXCM a shot next because this is unusable as is.
TLDR; MBTrading is unusable with NT automated strategies.
the MBT platform freezes if you make a mistake. All it tells you is that you made a mistake . You have to figure out what went wrong. I spent a weekend debugging my mind and wrote out how to not make mistakes.
If you get to trading using a master account and linking in subordinate accounts, then going flat by phone after a freeze up, the desk requires that you provide a lot of information serially. The desk also goes through "proving" the POA exists for each account; MBT does not have an orderly search process in thier shop. It can be time consuming. Finally, the desk has no "link in" capability; that is MBT cannot see from a master account what is linked in to it.
Since this was not an operating possibility for me, I did a "workaround" that is satisfactory for not having to go through "proving" anything and not knowing the linkages automatically. Result: No proving and automatic knowlege of linkages "outside" of the "system"; I am taken "flat" in a flash.