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15 ticks of slippage!
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Created: by RM99 Attachments:1

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15 ticks of slippage!

  #1 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 882 since Mar 2011
Thanks: 128 given, 703 received

15 ticks of slippage!

So I'm putting the finishing touches/tweaks on a slippage indicator that shows the relative slippage over the course of the day..

And I'm tooling around on CLK11 and I'm checking out spikes and low and behold....some poor soul, bought a May oil contract at 17:49 on February 23 and he got dinged for 15 ticks in the process......ouch.

Price went from $100.77 to $100.92 with 1 single uptick.

If you're marginal reserve is $5k........that's a 3% slip.....one transaction....

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  #2 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
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Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
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RM99 View Post
So I'm putting the finishing touches/tweaks on a slippage indicator that shows the relative slippage over the course of the day..

And I'm tooling around on CLK11 and I'm checking out spikes and low and behold....some poor soul, bought a May oil contract at 17:49 on February 23 and he got dinged for 15 ticks in the process......ouch.

Price went from $100.77 to $100.92 with 1 single uptick.

If you're marginal reserve is $5k........that's a 3% slip.....one transaction....


Why the hell would you want to trade CL 05-11 at 17:49 on February 23?

Why the hell would you want to trade a back month contract during the least active hour of the night session?

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  #3 (permalink)
Fortitudo et Honor
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 882 since Mar 2011
Thanks: 128 given, 703 received


Whoever it was, they either didn't know what they were doing, or knew something the rest of us didn't.

I guess 15 ticks slippage is okay if you bought it in Feb and Sold it at $107+

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  #4 (permalink)
Membership Temporarily Revoked
NYC
 
Futures Experience: None
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Dance with the devil...you will be paid as such.

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