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.
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
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.
The following 2 users say Thank You to treydog999 for this 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
The following user says Thank You to MarpleTrading for this post:
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.
The following user says Thank You to Xav1029 for this post:
A number of market orders most likely. Common sense says don't use market orders on a thin market.
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