Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros

April 10th, 2019, 12:31 PM

SMCJB

I just pulled up M6A, M6B, M6E, MCD and MJY to take a look and compared them to the fullsize 6A 6B 6E 6C and 6J. The Micro's are tick for tick with the fill size with the only differences being where the ticks sizes are different.

Thanks for having a look. My info was pretty dated; I hadn't looked in a while.

I suppose it makes the case that market makers are continuing to step into the retail space, and that this bodes well for the E-Micros.

April 10th, 2019, 12:35 PM

SMCJB

I just pulled up M6A, M6B, M6E, MCD and MJY to take a look and compared them to the fullsize 6A 6B 6E 6C and 6J. The Micro's are tick for tick with the fill size with the only differences being where the ticks sizes are different.

Not sure i understand what you wrote. "tick for tick with the fill size". What do you mean?

April 10th, 2019, 02:07 PM

For illustration I think @OldGerman has made really good use of the equivalent FDXM at 5/pt compared to big bad daddy FDAX at 25/pt in here:

The little DAX does not want to sleep yet

Implementing of a simple trading strategy with real money, documentation and fixed ratio money management

Hello everyone,

Today I start my first public trading journal. I hope everything is going the way I think.
For about 3 years I trade Future. …

I think the mini/micros can be used well for systematic trading, i.e. automated or discretionary positions rather than scalps, and should/could help improve a small trader's style. I see (and choose to use) YM in a similar vein.

April 10th, 2019, 02:24 PM

ratfink

For illustration I think @OldGerman has made really good use of the equivalent FDXM at 5/pt compared to big bad daddy FDAX at 25/pt in here:

The little DAX does not want to sleep yet

Implementing of a simple trading strategy with real money, documentation and fixed ratio money management

Hello everyone,

Today I start my first public trading journal. I hope everything is going the way I think.
For about 3 years I trade Future. …

I think the mini/micros can be used well for systematic trading, i.e. automated or discretionary positions rather than scalps, and should/could help improve a small trader's style. I see (and choose to use) YM in a similar vein.

YM may be a good example, a smaller contract that is similar to ES but (I think) less prone to being range-bound (perhaps due to the big players being more in ES and keeping ranges tighter, or perhaps I'm just wrong.... or perhaps both.

)

There may be a similarity in any case to a more micro type contract, just from the smaller size aspect of it vs. ES.

Bob.

April 10th, 2019, 03:56 PM

trendisyourfriend

Not sure i understand what you wrote. "tick for tick with the fill size". What do you mean?

M6E tick size (0.0001) is double the 6E (0.00005) and 10x the EU in Forex (0.00001).. so yeah, trading the micro Euro can be a little tougher

I think this is what he means (please correct me if I am mistaken.)

April 10th, 2019, 04:11 PM

trendisyourfriend

Not sure i understand what you wrote. "tick for tick with the fill size". What do you mean?

Change the "i" in fill to a "u"? Just my guess.

April 11th, 2019, 10:11 AM

trendisyourfriend

Not sure i understand what you wrote. "tick for tick with the fill size". What do you mean?

ocpb

Change the "i" in fill to a "u"? Just my guess.

Correct. Typo.

For illustration this was 9am Central today. As you can see the only difference in quotes between Full Size and Micro are due to the tick sizes. (M6E bid)

April 11th, 2019, 11:11 AM

Just a question. What margin should be for an emicro es when the emini is at about $400-500 pre contract? And what tick size should it be? $6.25 per tick or less? Thanx

April 11th, 2019, 02:09 PM

emini83

Just a question. What margin should be for an emicro es when the emini is at about $400-500 pre contract? And what tick size should it be? $6.25 per tick or less? Thanx

It's 1/10 the size of the S&P e-mini so divide by 10.

Ninjatrader Brokerage reports that they are offering $50 daytrade margin for s&P 500 micros which is 1/10 the DT margin for emini ES.

Tick size will be $1.25 for e-micro S&P

The thing is, what will the all-in commission be?

April 11th, 2019, 02:22 PM

The tick size will be $2,50 and the commision will be maybe $4,00.

Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros

Discussion in Emini and Emicro Index

Trading the new CME E-Micro's (E micro) MES, MNQ, MYM, M2K and other micros