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System built on 6E but Trading on M6E


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System built on 6E but Trading on M6E

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  #11 (permalink)
 MarpleTrading 
Nederland
 
Experience: Advanced
Platform: Sierra charts
Broker: IB/IQFeed
Trading: Crude
 
Posts: 66 since Nov 2012
Thanks: 18 given, 40 received


Xav1029 View Post
I trade it everyday and can tell you the spread is 1-2 ticks 90% of the time. He is swing trading it so the spread and commissions should not affect his system too much. 1 extra tick vs 6E with targets of 100+ ticks is only 1%

Sorry for the confusion. I meant the commision is about $5 round trip meaning that you have to gain 4 ticks to cover for commisions alone. Trading spot forex you would only need two pips max to break even.

Therefore I see no ratio for trading M6E.

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  #12 (permalink)
 Xav1029 
Tampa, FL
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker: Mirus Futures/Zen-Fire
Trading: 6E, M6E, 6J
 
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MarpleTrading View Post
Sorry for the confusion. I meant the commision is about $5 round trip meaning that you have to gain 4 ticks to cover for commisions alone. Trading spot forex you would only need two pips max to break even.

Therefore I see no ratio for trading M6E.

I pay $2.22 RT using Mirus Futures. I was surprised after I put a couple trades on because I was expecting $5 RT

Since he has been testing this automated strategy using the 6E, it is possible that he uses volume or order flow in his system. The only reason I don't trade spot is because all my trades are based on volume/order flow. Also what you have to remember is that this is a swing bot. If the commissions or slippage on a swing bot turn it unprofitable, there is a bigger issue. My .02

London Calling
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  #13 (permalink)
 treydog999 
seoul, Korea
 
Experience: Intermediate
Platform: Multicharts
Broker: CQG, DTN IQfeed
Trading: YM 6E
 
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Posts: 896 since Jul 2012
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My RT for M6E is 1.36, so its barely over 1 tick (1.088) . Compared to some of the brokers that i looked at MB trading and FXCM that have STP/ECN their spreads are 3.8pips and 5.2 pips RT. So either way trading M6E cost wise is better. Considering that if i give myself 2 ticks slippage round turn I am basically equivalent to their spreads with the benefit of futures regulation, volume and order flow.

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  #14 (permalink)
 MarpleTrading 
Nederland
 
Experience: Advanced
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Trading: Crude
 
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treydog999 View Post
My RT for M6E is 1.36, so its barely over 1 tick (1.088) . Compared to some of the brokers that i looked at MB trading and FXCM that have STP/ECN their spreads are 3.8pips and 5.2 pips RT. So either way trading M6E cost wise is better. Considering that if i give myself 2 ticks slippage round turn I am basically equivalent to their spreads with the benefit of futures regulation, volume and order flow.

Yes guys you are absolutely right. I only pay $0.66 RT

And that is good news, I will now instead of sim trade my new system use M6E, with money on the line it is a little bit more realistic and slippage is a good thing in testing systems I think, because when I get it to be profitable on M6E, 6E will be profitable as well, when I keep the cool

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  #15 (permalink)
 Xav1029 
Tampa, FL
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker: Mirus Futures/Zen-Fire
Trading: 6E, M6E, 6J
 
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Posts: 1,375 since Dec 2011
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MarpleTrading View Post
Yes guys you are absolutely right. I only pay $0.66 RT

And that is good news, I will now instead of sim trade my new system use M6E, with money on the line it is a little bit more realistic and slippage is a good thing in testing systems I think, because when I get it to be profitable on M6E, 6E will be profitable as well, when I keep the cool

I 100% support testing one's method with a little bit of money on the line. Personally, I could never take SIM trading 100% seriously. I thought I was until I put real money on the line and realized that SIM cannot duplicate the emotions that arise from putting money on the line. Best of luck to you.

London Calling
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  #16 (permalink)
 MarpleTrading 
Nederland
 
Experience: Advanced
Platform: Sierra charts
Broker: IB/IQFeed
Trading: Crude
 
Posts: 66 since Nov 2012
Thanks: 18 given, 40 received

I don't know whether this is an issue for your system, but I just found out that in the 6E volume is still in the December contract, where the M6E has already switched to H13.

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  #17 (permalink)
 Xav1029 
Tampa, FL
 
Experience: Beginner
Platform: NinjaTrader, Sierra Chart
Broker: Mirus Futures/Zen-Fire
Trading: 6E, M6E, 6J
 
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Posts: 1,375 since Dec 2011
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MarpleTrading View Post
I don't know whether this is an issue for your system, but I just found out that in the 6E volume is still in the December contract, where the M6E has already switched to H13.

Did you see this on the 12-12? and yes there were contracts traded 150 ticks higher than the 6E


London Calling
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  #18 (permalink)
 MarpleTrading 
Nederland
 
Experience: Advanced
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Yeah, just read your blog

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  #19 (permalink)
 tturner86 
Portland, Oregon
 
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Xav1029 View Post
Did you see this on the 12-12? and yes there were contracts traded 150 ticks higher than the 6E


What caused that?

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  #20 (permalink)
 Big Mike 
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tturner86 View Post
What caused that?

A number of market orders most likely. Common sense says don't use market orders on a thin market.

Mike

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