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System built on 6E but Trading on M6E

  #8 (permalink)

Market Wizard
Cleveland Ohio/United States
Trading Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation, DeCarley, others
Favorite Futures: futures
Posts: 2,633 since Jul 2012
Thanks: 1,356 given, 5,032 received

Xav1029 View Post
Since it is a swing strategy, you should be OK. However, BE CAREFUL. I have seen a difference of up to 20 ticks in price between the 6E and M6E when the markets reopen in the afternoons. If all your signals come from 6E only, and you enter with market orders you should do alright.

Treydog -

With Xav's excellent observation in mind, you might want to have your strategy check the bid/ask prices of 6E and M6E or E7 when a signal is generated. If they are far apart, just delay sending the order until they get close. This could minimize any terrible fills due to bad liquidity.

Of course, if you stay away from overnight trading, you'd avoid the above scenario too.

Last edited by kevinkdog; November 30th, 2012 at 01:35 PM. Reason: clarified which prices to check
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