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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
No.
3.185 to 3.235 is 10 ticks not 5 ticks.
(3.235-3.185)*2500 = $125 not $62.50
so 2.4 not 4.8 contracts.
Note the tick size of QG makes it an expensive contract to trade if you are paying the bid ask spread. Contract is quarter the size of the full size but has a larger tick! Similarly for QM the Crude eMini which is half the size but also has a $12.50 tick (.025*500) which is again larger than the full size.
SMCJB - can you please confirm the QG mini Natural Gas ( gain )
Is a move from 3.185 to 3.235 = .05 ticks or is it 10 ticks?
I was thinking it was 5 ticks, unless I'm doing the math and or calculation incorrectly?
3.235
- 3.185
_______
0.05 ( where the two 5s on the end are "irrelevant" and we don't add them or subtract them )?
I really appreciate your help - just want to make sure I correctly understand the way to calculate my entry and profit target for this market, before I start trading it live
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207
Working for trading companies or trading full time for about 30 years and still solvent!
It's really volume dependent. TT's not going to be economical unless your trading enough size. If you are trading the size to justify the cost, it may be worth it.
Me personally? Yes. But my model is different than most. If saving 1 tick in execution in spread trades makes an impact in your business then it could be an edge. If your trading traditional indicators then the charting is probably sub standard versus other more 'continuous contract trading platforms'
