I don't know what platforms you've been using, but I find the EFX Navigator very good. It takes a little getting used to, but it works better than some others. If you're talking about EFX Pro, then that's a different story. I don't like the Pro at ...

MB Trading Futures - Introduction

If you read back in this thread you'll see that Justin said they can't use MetaTrader because it's set up for a Dealing Desk, and EFX is an ECN with no dealing desk.

MB Trading Futures - Introduction

Take a look at this. It may help. http://www.forexfactory.com/forexforum/showthread.php?t=10072

MetaTrader = Dealing Desk?

Justin pointed out (in the EFX thread) that they can't work with MetaTrader because it's set up for dealing desk brokers. There's further proof right there. I'm new to all this (have been reading a lot) and use MetaTrader for their charts. I don't ...

MetaTrader = Dealing Desk?

The NEXTT PRO doesn't look like MetaTrader (that's the one shown on the page that the link points to) but their NEXTT Trading Terminal is definitely MetaTrader. Since, as Justin pointed out in the EFX thread, MetaTrader is set up for dealing desks, ...

Neuimex NEXTTPRO platform

How much money you need depends on several things, including: 1) What type of account you want to open (full, mini, micro). 2) What the minimum account size is for the broker you will be working with. 3) How many lots you want to trade at any one ...

When is it safe to trade full time?

Your point is well taken. My comment was not meant to embrace every strategy in every field, but simply addressing the specifics of this thread, which started out mentioning a 32 pip spread with a Forex broker. I was speaking generally, as most of ...

complaining about spreads

I agree with your assessment. If a strategy can have your profits wiped out with the spread, then there's something wrong with the strategy. At the same time, we must take spreads into account, because the higher the spread, the more the pair has to ...

complaining about spreads

I would say it depends on whether or not you can afford to lose the money if the market has a major gap over the weekend. If you can, then leave your positions open. If you can't, then close them to be safe, and re-open them again on Monday if ...

To hold or not to hold trade during week-end?

Absolutely right. Of course, closing your positions on Friday is discretionary, but it is a safeguard. Many people leave their positions open, too. It all depends on whether you can afford to lose the money if a major gap occurs over the weekend. I ...

MB Trading Futures - Introduction

I'm rather new at this, too, so I understand how you feel. I was overwhelmed at first, too, with the vast amount of information available. One thing you should realize is that it will be difficult to practice a system if you don't know what it's ...

Easy trading system for NOOB Like me??

I hope Justin doesn't mind me helping here. As Justin stated, ECN Market is an IB (Introducing Broker), meaning they have their own clients, but use MB Trading's platform and executions for trading. ECN Market is not owned by MB Trading, nor are ...

MB Trading Futures - Introduction

It's for MetaTrader 4.

Calculating Average daily range

Thanks for the reply, Justin. I completely understand why you're not using MT4. I'm only demoing your system right now, but I love it and wouldn't want to lose what you offer. The advantage to me of MT4 is strictly for the charts and indicators. I ...

MB Trading Futures - Introduction

I actually found one at another forum and modified it for my needs. It displays the ADR for Yesterday, Today, 5-, 10-, and 20-day periods, as well as a suggested S/L at 1/2 and 3/4 of the ADR. I've attached it here if you'd like to take a look at ...

Calculating Average daily range

Thanks, I do appreciate your help. I actually found what I was looking for, something that would display on my chart the Average Daily Range (pip movement) for the periods in question.

Calculating Average daily range

I would like to have it on my charts so I can see how many pips the currency pair has moved during these time periods. I can use this information to guage Stop Losses, etc.

Calculating Average daily range

I've also been looking for an indicator that shows the Average Daily Range of a currency. Some people have said to use the ATR, but that doesn't seem to display the correct numbers. At least, not for me. What I want is to calculate High minus Low ...

Calculating Average daily range

Hi Justin, I know EFX doesn't use MetaTrader for trading, and I can certainly understand why. But, is it possible to use it for charts, to simply match with your prices? I have a demo account with EFX and love MT's charts (I use them to test ...

MB Trading Futures - Introduction