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Trading mini euro ( E7) or micro euro (M6E) currency futures ???
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Trading mini euro ( E7) or micro euro (M6E) currency futures ???

  #111 (permalink)
Trading Apprentice
Athens Greece
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: Amp/Rithmic
Favorite Futures: Emini ES, EU (spot)
 
Posts: 18 since Nov 2013
Thanks: 3 given, 13 received


AshleyQueenTrader View Post
Really? and what is the minimum account size at IB?

do they have free trading platforms?

10k if you go to them directly, 4k & 5k if you go through other introducing brokerages (captrader or prorealtime respectively). There are other brokerages out there for sure with might have an even lower limit.

I pay 2.34 r/t for M6E with amp/rithmic combination. Need 3 ticks for break even - spread+2 ticks for comms.

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  #112 (permalink)
Elite Member
Tunisie
 
Futures Experience: Advanced
Platform: ninjatrader
Favorite Futures: spy
 
Posts: 2 since Aug 2014
Thanks: 4 given, 1 received

M6E

I trade M6E using IB, cost of a RT is 0,64$ and I never had more than 3 tick slippage (happens during very low volume hours). Most of the time there is 0 tick slippage, some times 1 tick. I use M6E because I can scale in and out. Can't do that with EUR or even E7.

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  #113 (permalink)
Elite Member
Las Vegas, NV/USA
 
Futures Experience: Advanced
Platform: Ninjatrader
Broker/Data: IB/Kinetick
Favorite Futures: GC
 
Posts: 20 since Mar 2016
Thanks: 3 given, 35 received

M6E becoming more liquid now..


Seems like with the demise of IB's retail forex and FXCM, more retail traders are making their way into the M6E now. Daily volumes now average 10k/day and sometimes getting up to 15k/day. E7 still not getting much attention though. The one think I like about the M6E is that you can easily scale in/out of multiple positions and if one's uses IB, each M6E contract is only $0.64 RT.

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  #114 (permalink)
Trading Apprentice
Vancouver, BC
 
Futures Experience: Beginner
Platform: Other
Favorite Futures: MJY, M6A, M6E, M6G, N225M, MCD
 
Posts: 25 since Sep 2014
Thanks: 0 given, 17 received


kaotic View Post
Seems like with the demise of IB's retail forex and FXCM, more retail traders are making their way into the M6E now. Daily volumes now average 10k/day and sometimes getting up to 15k/day. E7 still not getting much attention though. The one think I like about the M6E is that you can easily scale in/out of multiple positions and if one's uses IB, each M6E contract is only $0.64 RT.

I also like the M6E with IB since, as you pointed out, the 64 cent commission makes it feasible to scale in/out.

The M6A and M6B are also decent.

Unfortunately, I find the MCD and the MJY a bit thinner. Especially if you have stops in the market and don't watch closely. Those can move past your stop point relatively easily

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  #115 (permalink)
Trading Apprentice
Milan, Italy
 
Futures Experience: Advanced
Platform: Tradestation
Favorite Futures: mini ES
 
Posts: 7 since May 2017
Thanks: 0 given, 8 received

I prefer the E7 since it has also options I can use to change/defend my position, actually never used the micro.

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