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Has anyone ever heard of eminisniper.com?

  #152 (permalink)

Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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emini_Holy_Grail View Post
Monpere

2 or 3 bar divergence - would be burned out with slippage for these quick entries ? unless you submit a lmt order and live with whether it gets filled or not

The bar setup has nothing to do with your trade parameters. You can trade a 2 bar divergence on a 3 range chart or a 250 range chart. I you are entering the trade looking for a 125 ticks target then 1 or 2 ticks slippage is nothing. If your target is 4 ticks, then 1 tick slippage is 1/4 of your profit. I trade 6 or 8 tick targets, and I do not accept any slippage on my entries. You have to go with a stop/limit order, if it is not filled, then wait for the next trade.

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