MBT Desktop Pro
Software Overview
MB Trading’s Desktop Pro takes all of the features of the basic Desktop application and adds a lot more. The MBT Desktop Pro represents a significant enhancement to its predecessor, the Award-Winning MBT Desktop. Desktop Pro retains all of the order types and account management systems of the original MBT Desktop, but now adds robust charting with more than 100 indicators and studies, a complex alert system for monitoring price movement based on over 100 parameters, and a sophisticated Formula Engine that can insert over 100 built in mathematical stock fields into its quote sheets, hotlist sheets, scanner sheets, or option sheets, including Last, Bid, Ask, Net%, Block Trades, Money Flow, PE, EPS and much more. Add this to MB Trading’s Research and Morning Notes, Options Strategist, and low commissions, and the MBT Desktop Pro is the one-stop solution for professional traders. Some of the key features of Desktop Pro include:
- Advanced Charting application with over 100 built-in indicators, studies, and tools
- A complete scripting language for all asset classes to design custom executable scripts
- A full back-testing system
- The New MBT Options Strategist for advanced options order placement
- A complete scanner for finding patterns in all asset classes that meet customizable criteria
User Manual
Click here to view the MBT Desktop Pro User Manual
Features List
MAT (Managed Account Trading) NEW!
The Managed Account Trading (MAT) tool is designed for traders managing multiple accounts with one or multiple strategies. Accounts with trading authorizations, funds or even a regular account plus an IRA can be grouped based on the trader's design. The MAT functionality is built into the Navigator software and is immediately available for use by any authorized account. There is no minimum account size or minimum number of accounts required to use this tool; MAT allows trading from one to thousands of accounts simply and easily. Learn more about Manged Account Tool.
Market Depth (Level II)
Sub pips underlined in LVLI NEW
Drag and Drop to change orders NEW
Drag and Drop change order capability in the Market Depth window. (1) Indented box represents your order. (2)Drag to a new price level in the montage or the opposite side to change into market order. (3)That will send a change order to the new price for your order.
Drag and drop to new price level.
Futures Depth-of-Book
For those with an MB Trading Futures account, you can view the top 5 futures bids and offers, allowing you to see the depth of the market.
TradeFlow Meter
See where the market pressure is. The Trade Flow Meter watches trade volume at the bid vs. the ask, degrading its average over time interval.
Monitor Multiple MPIDs.
Interested in seeing what a particular market participant is doing today? Right-click on the desired MPID, select "monitor", and the color of each selected MPID will invert, making it easier to track.
Watchlist
Yahoo Finance Snapshot menu NEW!
Added Yahoo Finance Snapshot menu item to load fundamental page for selected symbol (equities only).
Pip value/lot column NEW!
Now calculated using bid only so values will be identical whether long or short.
Spread column NEW!
Added Spread column.
S/M column NEW!
Shows 'I' for intraday short, '$' for negative borrow.
Symbols Import NEW!
Import into watchlist of symbols now supports multiple formats.
Server Sided Symbol Lists
The Navigator takes into consideration that you may not log in from the same computer every time; your symbol lists and configuration settings are saved on our server.
Order Entry in Watchlist
Either right-click on your watchlist and select "Show Order Entry" OR double-click on any of the symbols to place an order.
Navigate the Watchlist
Use the UP / DOWN arrows on your keyboard to switch cells in the watchlist. The Enter key now puts you in edit mode, allowing you to change the symbol or accept the change if you are already in edit mode.
Multiple Watchlists
Use the menu command "Navigate|Watchlist" to create a multiple Watchlists. This feature helps keep distinct groups of symbols apart and easily viewed.
Updated Trade Trend
We've updated the trade trend to show you what the market is truly doing. Now on a 0+ tick or a 0- tick, you will see a bullet colored to either the uptick color (if it was 0+) or the downtick color (for 0-).
Sort by any data column
We've updated the trade trend to show you what the market is truly doing. Now on a 0+ tick or a 0- tick, you will see a bullet colored to either the uptick color (if it was 0+) or the downtick color (for 0-).
FX Board NEW!
Now shows red bar when bid or Ask is unavailable. Added scrollbars when view is too small to fit content.
Alerts Window NEW!
Alerts window renamed to Messages. Added server name to quote connect/disconnect messages in alerts view.
Order Entry
TIF selector NEW!
Added TIF selector to TTO, Options and Plus templates.
Combination Orders Types NEW!
Added new combination orders: Limit+TTO, Limit+Stop Market, Limit+Trailing Stop, Maket+TTO, Market+Trailing Stop, Stop Limit+TTO, Stop Limit+Trailing Stop, Stop+TTO, Stop+Trailing Stop, Reverse+TTO.
Trailing Stop Trigger NEW!
Added optional trailing stop trigger to TTO template (when open position).
Add IOC support for FX NEW!
Added optional trailing stop trigger to TTO template (when open position).
Intraday shorts NEW!
Intraday shorts now show 'dashed' box in short/margin control. Tooltip shows negative borrow rate.
Cancel Message NEW!
Added a "reason" for cancel message
Added MOC/LOC/Reserve order type for Canadian symbols.
Open Orders NEW!
Shift and Ctrl click can now be used to select multiple open orders, enabling new 'Cancel > Cxl all selected' menu item. Added MOC/LOC/Reserve order type for Canadian.
OE - Order routing defaults NEW!
Shift and Ctrl click can now be used to select multiple open orders, enabling new 'Cancel > Cxl all selected' menu item. Added MOC/LOC/Reserve order type for Canadian.
Cxl Replace dialog NEW!
Now shows most current order details instead of original order details after multiple replaces of the same order.
Optimized accounting, position and order message code for faster execution NEW!
Forex lot size NEW!
Added ability to set Forex lot size (1000-10000 in even 1000's).
"Plus" Template
Offers the ability to place a variety of orders, including Limit + TTO, Market + TTO, Reserve + TTO, Stop + TTO, Limit + Trailing Stop, and Market + Trailing Stop.).
Price vs Speed Template
Price vs Speed setting provides the option of setting how aggressively orders seek liquidity. A proprietary algorithm uses the entered limit price "price vs. speed" setting to scan the market for liquidity. A high "speed" setting typically results in faster fills, while a "price" biased setting typically results in greater price improvements. This effectively provides a brake and accelerator for MBTX.
All Clients electing a Speed setting of 1 or higher waive their rights to "Best Execution".
Margin/Short Status
Quickly view the status of a stock - a green 'M' indicates "marginable"; a red 'M' with a line through it indicates "not marginable". A purple box around it indicates "shortable" and a gray box indicates "not shortable".
Maximum Trade Qty
Save time by clicking on the BP field to calculate and load the maximum number of shares you can trade (to the nearest round lot).
Pinned Order Entry
Have you found your order entry settings for the day? Don't want them to change every time you change symbols? Pin your Order Entry Screen! By clicking on the pin, the settings are kept as you switch symbols.
TTO trigger recalculation
Want to re-apply your default settings to the TTO screen? By clicking on the last price you can have your TTO defaults recalculated and placed into the Upper trigger and Lower trigger fields.
Order preferences by security type NEW!
Set different default volume quantities for stocks, futures, and options. Each time you change symbols (assuming you are not using the pinned feature) these defaults will be re-applied.
Order type default NEW!
Now set your default order type preference under "order entry defaults". Note that if the order type is not available for the route selected, it will default to Limit.
Submit button color
Now set your "Submit" button color default in the "General Preferences" window.
Options
Online Options trading
After opening an options account, send options orders directly to the exchange.
Highlight Live Orders
See which options you have open orders on by selecting the 'Highlight Live Orders in Grid' preference. This option highlights the rows in which you have open orders.
Options order entry template NEW!
Use the new options order entry template for strangles and straddles.
Basket
Allocate amount now uses EE instead of current BP on saved basket read.
Fix account showing BP instead of EE.
In weight mode, spinner now responds to mouse wheel.
Orderbook and Open Orders
Replaces Suspended GTC orders so that after the replace, order remains in suspended state instead of Live. NEW!
Multiple views of order history
Customize not only what you see, but also how you see it. Interested in viewing only your live orders? Or how about the Live and Executed orders? Want to see everything in a condensed (summarized) fashion?
Sort by any column
Do you prefer to view things in time order? Or how about by Order ID or symbol? The Orderbook and open orders windows both allow you to sort by any column.
Position Window
Column ordering NEW!
Changed default column ordering to: Symbol, Long, Short, Total Pos, Open Pnl, Closed Pnl, Total pnl.
Context menu NEW!
Close position context menu should only show when click in the Long/Short/Total Pos columns; otherwise use default menu.
Rename Total Position to Net Position NEW!
Positions view NEW!
Notes column fixed; correct price now loaded into OE after Bid/Ask click.
CloseAll no longer ignored when net position of all symbols = 0. NEW!
Prevent current selected row from changing when position is added or updated. NEW!
Column totals NEW!
Column totals added to all PnL columns.
Order Entry NEW!
Either right-click on your positions window and select "Show Order Entry" OR double-click on any of your positions to place an order.
Account Balance
See your current balances
Want to know what your realized or unrealized profit/loss is for the day? Or see how many shares you've traded or the total number of trades placed today.
FX Charts
3rd Party and General
- Added FX symbology mapping.
- Added XP theme support. Multiple windows now support both Export data to .csv and clipboard.
- Whammy bar configurable with right click.
Symbol lookup
Futures contracts now display current and future contracts description.
MBTX Advanced Order Types
Market-on-Open
NASDAQ - A market order initiated at the NASDAQ market open (9:30 EST). Upon activation, MBTX uses its algorithm to find the best price in the marketplace, however, the price cannot be guaranteed.
NYSE - A market order initiated at the opening print of the NYSE or AMEX. The order is forwarded to the specialist and held until the open. Prices vary based on conditions that are not always reflected. The price at which your order is filled may be better or worse than you expected.
Stop Loss Market
Buy or sell a stock at market once the price reaches or passes through a specified price. Used by traders who either own a position (long or short) and want to close the position if it moves against them OR by traders that wish to open a new position once the stock rises to a specific level. The stop price on a sell stop must be below the current bid. The stop price on a buy stop must be above the current offer. Stop orders in volatile issues will not guarantee you an execution at or near the stop price. Once triggered, the order competes with other incoming market orders.
Stop Loss Limit
Works like a Stop Loss Market order with one major exception. Once the order is activated (by the stock trading at or through the stop price), it does not become a market order. Instead, it becomes a limit order with a specified price. The advantage of this order is that you set a specified price at which your order can be filled. The disadvantage is that your order may not be filled. In this case, your exposure to loss will continue until the position is closed.
Reserve
Only display a fraction of your actual trade size on Level II. Someone that trades larger sizes may find this very useful. It provides a terrific way to keep costs down because you are only charged one commission and you have the benefit and advantage of hiding your true order size.
Trailing Stop
Ride a stock's price trend, profit from its movement, and limit your downside risk without constantly monitoring prices. Trailing stops move your stop price with the price of the stock and are server-sided, protecting you in the event you lose internet connection.
Discretionary
Set a discretionary price range when placing an order. For example: Buy 100 CSCO at a limit price of 65 with a discretionary price of 65 1/2. Your order is displayed at your specified limit price, not your discretionary price. When a bid or offer appears at or within your discretionary price range, your order will be routed to the NASDAQ Market Participant(s) at their quoted price. Please note that stock can trade ahead of you because your discretionary price does not necessarily make you the best bid or offer. Only available for equity orders.
Discretionary Reserve
Same as Discretionary order but also provides the option to show only a fraction of the total trade size. Someone that trades larger sizes may find this very useful. It provides a terrific way to keep costs down because you are only charged one commission and you have the benefit and advantage of hiding your true order size. Only available for equity orders.
Threshold Triggered Order (TTO)
Specify two prices, an upper and lower price threshold. Once the inside market trades at either threshold, a market order is sent to the marketplace. TTOs were designed to help limit potential losses and lock-in potential profits.
Limit + Trailing Stop NEW!
Initially places a limit order on one side (either a buy or sell) and upon execution, places an opposite trailing stop on the other side (either a buy or sell). Upon execution of any part of the initial limit order, an equal trailing stop is placed with your pre-set offset. Clients using Market + Trailing stop should select Plan A per share commissions which result in an overall lower commission than Plan B.
Market + Trailing Stop NEW!
Initially places a market order (either a buy or sell) and upon execution, places an opposite trailing stop (either a buy or sell). Upon execution of any part of the initial market order, an equal trailing stop is placed with your pre-set offset. Clients using Market + Trailing stop should select Plan A per share commissions which result in an overall lower commission than Plan B.
- Limit + TTO
Initially places a limit order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial limit order, an equal TTO is placed with your pre-set stop prices. Clients using Limit + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B. - Market + TTO
Initially places a market order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial market order, an equal TTO is placed with your pre-set stop prices. Clients using Market + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B. - Stop + TTO NEW!
Initially places a stop order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial stop order, an equal TTO is placed with your pre-set stop prices. Clients using Stop + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B. - Reserve + TTO NEW!
Initially places a reserve order (either a buy or sell) and upon execution, places an opposite TTO (either a buy or sell). Upon execution of any part of the initial reserve order, an equal TTO is placed with your pre-set stop prices. Clients using Reserve + TTO should select Plan A per share commissions which result in an overall lower commission than Plan B. - Price vs. Speed NEW!
Adjust how aggressively your orders seek liquidity. A proprietary algorithm uses the entered limit price "price vs. speed" setting to scan the market for liquidity. A high "speed" setting typically results in faster fills, while a "price" biased setting typically results in greater price improvements. This effectively provides a brake and accelerator for MBTX.
Miscellaneous NEW!
Status bar NEW!
MBT Navigator status bar now available at the bottom of all partner programs.
Most recently used page layout displayed NEW!
The last four layouts opened are kept in File menu, allowing you to switch layouts quickly.
Release Notes
Changes March 15, 2010
Corrected the handling of updates to intraday charts following the daylight-savings change of March 14, 2010.
Changes March 5, 2010
Features:
- Chart layout files may be downloaded and displayed in NavPro by opening the URL.
- All changes from desktop version 11.5.0.6
Other Changes:
- Message window updated will popup for ciritical alerts.
Changes since Build 55, January 27, 2010
Updated with all features of MBT Desktop 11.5.0.3
What's New In MBT Desktop Pro, Build 54 - January 11, 2010
Changes since Build 53, January 4, 2010
Highlights:
- Sources for the Market Profile plugin were updated to the latest available.
- All display plugins are now sensitive to Display Time preference. Their cursor windows show the active time zone. Prices in the vertical scale pane and cursor window are formatted per the MBT convention. (Bug 1843.)
- When a watch list, basket or FX board is deleted, the associated window is closed. (Bug 2003.)
- The UI restricts the number of views that can be created, in the same way as MBT Desktop. (Bugs 1533, 1534.)
Other Changes:
- A typo in the installer was corrected.
- The sources for all AxMbt classes were updated to capture changes in Nav. (No change in program behavior.)
- Investigated the behavior of the Sym and Intv color codes on the MAT view; did not see the problem reported. Will continue checking.
Changes since Build 52, December 4, 2009
Highlights:
- Improved the selection of drawing tools with the mouse. It was difficult to select a control point individually and drag it, as opposed to the segment connecting it or the rest of the tool. (Example: Retracement Tool.)
- Fixed the selection of data panes. The problem was seen as appearance of a line-tool context menu, when right clicking on a plugin pane study, e.g., MoneyFlow.
- Made the display of prices in charts and quote sheets consistent with other MBT software.
Build 53
Build 52
-
In build 53's cursor data window, MBT-standard formatting routines are used for all price values: Open, High, Low, Close, and Price.
"Price" refers to the location of the mouse when hovering over a price pane. Its value is rounded to standard trading units. (E.g., for /ZBH0, it would display a value such as 115'155, not its decimal equivalent 115.484375.)
"Cursor" also refers to the location of the mouse. It is rounded to 1/10 of the symbol's normal price precision, and is displayed with the same MBT-standard formatting routine. (E.g., for /ZBH0, Cursor would show 115'115 instead of 115.484375, as these are equal. Or, it could show 115.47926, as this lies between 115'150 and 115'155.
Builds 53 and 52:
-
When the mouse hovers over a study pane, the "Price" legend changes to a shortened version of the study name, e.g., "Volume." The formatting of the value changes according to the study. For studies that are thought of as volume (Volume, Open Interest, Accumulation Distribution Index, On-Balance Volume) the volume-formatting style is used. (In build 52, study values were reported with two digits of decimal precision.)
Builds 53 and 52:
- Plugin studies have been modified to format prices using the MBT-standard routines. Because this requires an interface change, build 53 requires plugins to carry a version stamp matching its own.
-
A dialog was added to allow the standard formatting of symbols and studies to be replaced. Changes made in this dialog take effect when the dialog is closed. (Build 53 exception: for plugin studies it may be necessary to close/reopen the study, or change the active symbol or interval.)
Menu location: Tools / Format of Numbers in Charts and Quote Sheets.
- Snapshot fields were added that allow one to inspect the MBT formatting associated with a symbol.
- Price Type is the MBT code assigned to the symbol.
- Increment is the smallest increment that would be seen in the Order Entry dialog, for that symbol.
- SubIncrement is 1/10 of Increment; it is used for reporting cursor position over a chart.
None of these fields is affected by the "Format Numbers in Charts and Quote Sheets" dialog.
Other Changes:
- The title of the Stochastic RSI preferences dialog was changed from "Stochastic" to "Stochastic RSI".
Software Download
Click on the download link below and choose "Save this program to disk" from the dialog box that pops up. Select a location on your computer to download the file. Once the download is complete, double-click the file to install the program.
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Current Release
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Minimum System Requirements:
- Windows 2000, XP, Vista OS
- 800 MHz processor
- 512MB of RAM
- 56 Kbps Modem
- 20MB Free Disk Space
- 4MB Video Card
- Resolution 800 x 600
- Mozilla Firefox 1.0+ or Microsoft IE 5.0+
- Windows XP OS
- 1 GHz Processor or faster
- 1GB of RAM or more
- Broadband or faster
- 20MB Free Disk Space or more
- 128MB Video Card or more
- Resolution 1024 x 768
- Mozilla Firefox 2.0+ or Microsoft IE 7.0+