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Automating for a 1 tick scalp?

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Market Chamois
Chicago, IL
Trading Experience: None
Platform: NT8,NT7,TWS,FOREX.COM app
Broker/Data: InteractiveBrokers, NinjaTrader Brokerage FOREX.COM, IQFeed
Favorite Futures: The one I'm creating in the present....ES, ZF, ZN, ZB, FX pairs
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Posts: 1,992 since Nov 2011
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Revan View Post
Enter at limit *bid/ask doesn't change* exit at limit! (jokes aside anyone ever tried that?)

I'm using the dom, what's the best way to automate for a one tick scalp?

Enter at limit exit at market?

Enter at market exit at limit?

Some other complex trailing type thing? my target is 1 tick, any advice? I'm entering via my own discretion (no AI)

Dear @Revan

I have some advice:

You must Always Always Always think of the Risk first.

Forget about what your target is.....What is your RISK?

Trading is all about Risk management. Entering the market pales in comparison to strategizing Risk.

Better to burn your cash..... at least you can warm your hands or roast marshmallows.


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