Mini FDAX - FDXM from Eurex - futures io
futures io



Mini FDAX - FDXM from Eurex


Discussion in Emini and Emicro Index

Updated
      Top Posters
    1. looks_one choke35 with 21 posts (46 thanks)
    2. looks_two Scalpguy with 18 posts (6 thanks)
    3. looks_3 podski with 15 posts (28 thanks)
    4. looks_4 jtrade with 14 posts (12 thanks)
      Best Posters
    1. looks_one Big Mike with 8 thanks per post
    2. looks_two Balanar with 2.4 thanks per post
    3. looks_3 choke35 with 2.2 thanks per post
    4. looks_4 podski with 1.9 thanks per post
    1. trending_up 36,230 views
    2. thumb_up 171 thanks given
    3. group 35 followers
    1. forum 132 posts
    2. attach_file 22 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Mini FDAX - FDXM from Eurex

(login for full post details)
  #1 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received

Rumors condense that the Eurex will start a Mini FDAX contract.

In the meantime, there are several German sources that cite it, so it might be true.

There are lots of reasons that would militate for FDAX minis:
  • 20-35k € margin for the full-sized FDAX
  • massively shrunken volume during the last 5 years
  • bad liquidity of the full-sized FDAX (e.g. an order of 5 contracts regularly causes slippage and partial fills)
  • setting incentives esp. for private investors to trade (German) futures
  • etc. etc.

At the moment, the following specs are discussed:
  • 5€ per point (instead of 25€ per point for the full-sized FDAX)
  • margin about 1/5 of the full-sized contract
  • tick size 1p (instead of 0.5p for the full-sized contract)

Started this thread Reply With Quote
The following 19 users say Thank You to choke35 for this post:

Journal Challenge April 2021 results:
Competing for $1800 in prizes from Jigsaw
looks_oneMaking a Living with the Microsby sstheo
(618 thanks from 61 posts)
looks_twoSalao's Journalby Salao
(161 thanks from 29 posts)
looks_3Learning to Profit - A journey in algorithms and optionsby Syntax
(115 thanks from 27 posts)
looks_4Deetee’s DAX Trading Journal (time based)by Deetee
(94 thanks from 30 posts)
looks_5Maybe a little bit different journalby Malykubo
(53 thanks from 32 posts)
 
Best Threads (Most Thanked)
in the last 7 days on futures io
I finally blew up an account
217 thanks
The Crude Dude Oil Trading System
83 thanks
Spoo-nalysis ES e-mini futures S&P 500
65 thanks
The tiyfTradePlanFactory indicator
31 thanks
Building a Crypto Mining Rig
19 thanks
 
(login for full post details)
  #3 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


Close to a Eurex statement:

Today, the Boersen-Zeitung, which is the official publication organ of all German securities exchanges,
publishes a short story on page 1. Not much too add to yesterday except one news:
According to the Boersen-Zeitung, the Mini FDAX could already start in October (!).

Link to the story (German):
https://www.boersen-zeitung.de/index.php?li=300&artid=2015187006

Started this thread Reply With Quote
The following 9 users say Thank You to choke35 for this post:
 
(login for full post details)
  #4 (permalink)
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 510 given, 1,660 received

Here is the original statement from EUREX.

Eurex - Eurex expands equity index derivatives segment

Reply With Quote
The following 9 users say Thank You to Balanar for this post:
 
(login for full post details)
  #5 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received

So what will change and what's the advantage for the trader ? I don't see anything except generating fees for the exchange. Can't support the margin argument. Volume is down on all exchanges/contracts except CL. Slippage will be slightly eased only. If someone used to trade 1 contract, he now trades 5 contracts. If one participant pulled 1 contract the other participant wanted to trade, it will be the same with 5 contracts. The argument to take the CFD/Certificate traders from their market I can't support either. It's just a help for the market makers and algo fuzzies. If you can push the miniFDAX with 1 contract in the FDAX on 0.5 move in and out you lose 12.50 EUR in the FDAX and will win 25EUR in the miniFDAX for these guys. Because they will stay on both sides and the miniFDAX will be the pussy of the FDAX. At least one will always jump on the pushes and fill both sides.

Reply With Quote
 
(login for full post details)
  #6 (permalink)
Tommip
Rybnik Polska
 
 
Posts: 114 since Aug 2015
Thanks: 18 given, 51 received

I'm agree with gboos in most cases.For real players FDax still will be better.For smaller retail investors mini will be no attractive too- CFD on FDax are still much better then this becouse most of CFD privider's got all cost's at only 1 point.So pay more for less ? No - it will probably only take few player's from the big one but it will not add ,,new'' traders.
It will be like new Kospi 200 mini - volume will be at 10 % of Fdax volume (after few months).If they wont to make real change then they should just change tick of actual FDax - but it could be too revolutionary so they dont wont to risk ...

Reply With Quote
The following user says Thank You to Tommip for this post:
 
(login for full post details)
  #7 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


gboos View Post
So what will change and what's the advantage for the trader ? I don't see anything except generating fees for the exchange. Can't support the margin argument. Volume is down on all exchanges/contracts except CL. Slippage will be slightly eased only. If someone used to trade 1 contract, he now trades 5 contracts. If one participant pulled 1 contract the other participant wanted to trade, it will be the same with 5 contracts. The argument to take the CFD/Certificate traders from their market I can't support either. It's just a help for the market makers and algo fuzzies. If you can push the miniFDAX with 1 contract in the FDAX on 0.5 move in and out you lose 12.50 EUR in the FDAX and will win 25EUR in the miniFDAX for these guys. Because they will stay on both sides and the miniFDAX will be the pussy of the FDAX. At least one will always jump on the pushes and fill both sides.

Sure: Exchanges want to make money. What's wrong with that?
Also sure: There are HFTs out there. If you're a scalper, try to rub noses with them. Good luck.

But: Have you ever compared the intransparency and (hidden) costs of (F)DAX CFDs/Certificates/Warrants
to a DMA trader's FDAX transparency and cost structure? Did you manage to get any quotes at all from the
respective issuers of the non-DMA instruments on days like 8/24? And if so: How far from DMA were they?

If the Eurex doesn't screw it up, I expect similar effects as in the US with the ES and other E-minis.
In the US, the mini asset class changed the entire market dynamics: Liquidity is much higher, spreads
are lower, RM/MM possibilities are better, and transparency is higher than they have ever been with full-sized
contracts (and more transparent than those of CFDs/Certs/Warrants anyway).

That's the real benefit for traders.

Started this thread Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #8 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received

Do not compare the time the Emini S&P's, NQ's etc raised up. This is a totally different story !! At this time there were no CFD's, no certificates, not other now very common leverage products. The 'Big's' died because the floor died. While the 'big's' are dead, the volume in the 'mini's is still decreasing since 2009.

As a typical intra-day certificate trader, why should i move to the miniFDAX ? A lot of these buying cert's close to knockout-barriers with huge leverage, but (!!!) fixed amount of risk without (!!!) slippage on the executed knockout etc. They do not care about 'hidden' costs. Does decreasing tick-size raise volume in equities ? Does decreasing tick-size pretend us from vola ? I guess main intra-day trader like vola.

I heard one argument from the EUREX are the traders who changed from the FDAX to the FESX ... I doubt that. It's just easier to hedge/spread a market with 1/2 ratio instead of 2/5 ratio (like current between FDAX/FESX). So it comes all to the institutional demands only.

Btw, if you don't 'get it' in the FDAX today, you won't get it in the miniFDAX as well. For a scalper it's even more worse then the FDAX. Look at the scalper in the FESX. They are gone. Just gone.

EDIT: syntax only

Reply With Quote
 
(login for full post details)
  #9 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


gboos View Post
Do not compare the time the Emini S&P's, NQ's etc raised up. This is a totally different story !! At this time there were no CFD's, no certificates, not other now very common leverage products. The 'Big's' died because the floor died. While the 'big's' are dead, the volume in the 'mini's is still decreasing since 2009.

As a typical intra-day certificate trader, why should i move to the miniFDAX ? A lot of these buying cert's close to knockout-barriers with huge leverage, but (!!!) fixed amount of risk without (!!!) slippage on the executed knockout etc. They do not care about 'hidden' costs. Does decreasing tick-size raise volume in equities ? Does decreasing tick-size pretend us from vola ? I guess main intra-day trader like vola.

I heard one argument from the EUREX are the traders who changed from the FDAX to the FESX ... I doubt that. It's just easier to hedge/spread a market with 1/2 ratio instead of 2/5 ration (like current between FDAX/FESX). So it come all to the institutional demands.

Btw, if you don't 'get it' in the FDAX today, you won't get it in the eminiFDAX as well. For a scalper it's even more worse then the FDAX. Look at the scalper in the FESX. They are gone. Just gone.

I'd never try to convince the non-DMA/CFDs/Certs/Warrants buy side

Over the years I've traded my way up to futures.
My personal summary is: non-DMA assets are fine for learning with small change (plus for some special situations,
e.g. mitigating RM/MM effects when margins of DMA assets go up by 50% for several days like in August). And exactly
such is the non-DMA order and customer structure that is reported by the issuers - penny-ante stuff. Order sizes and half-life
periods show, that 90% of non-DMA asset traders wouldn't be off worse buying a lottery ticket in the morning.
Fixed amount of risk, end foreseeable.

For the rest, it's good for learning - not for earning, since costs of non-DMA assets are multiples of those of DMA markets -
esp for frequent traders and regardless of whether you pay it cut into pieces or mostly upfront (or how do you think the issuers
of knock-out products make their money ).

As soon as your trading is stable - i.e. at least break-even plus some - and you can afford an adequate RM/MM,
I'd suggest to switch to DMA markets and assets. And among these I don't know of any asset class that
is more liquid, more efficient, and more transparent than futures.

P.S.: In that sense I give a warm welcome to a mini FDAX that (potentially) extends these competitive advantages.

Started this thread Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #10 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received


Your personal preference doesn't count. There is no serious argument current CFD's/Certificate traders should move to the miniFDAX. For overnight traders, I see even less arguments, because the margin doesn't count and it's a huge disadvantage to the CFD's/Certificates with a risk-overload on the 'futures' side ...

Commission wise where do you want to see a miniFDAX compared to the (at least) 2.00EUR round-turn on the FDAX one on one ? What amount would be attractive for you to move from FDAX to miniFDAX ? Please specifiy ....

Please specify your theoretical Bid/Ask-Risk of the miniFDAX compared to the FDAX and come to a conclusion who will get ..... in the miniFDAX.

Reply With Quote
 
(login for full post details)
  #11 (permalink)
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 510 given, 1,660 received


gboos View Post
Your personal preference doesn't count. There is no serious argument current CFD's/Certificate traders should move to the miniFDAX.

As choke35 already said....it is a REGULATED market and I would always prefer a regulated vs an unregulated market.

Traders who already trade the FDAX won't move to the mini but traders who hedge via the FDAX may move to the mini.

Reply With Quote
The following user says Thank You to Balanar for this post:
 
(login for full post details)
  #12 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received

So traders being just fine trading in, in your words, "unregulated" markets won't be fine with it anymore after miniFDAX is issued ? If this is the only argument ... so be it.

Reply With Quote
 
(login for full post details)
  #13 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


gboos View Post
Your personal preference doesn't count.

That's no matter of personal preference but starts with logics.

If you think about ever having a theoretical edge over a non-DMA issuer and/or market-maker on which you depend for better or worse, dream on.
Anyone who gets that will prefer a regulated playing field that is at least as level as possible for as many as possible.
From there on it's hard (and sometimes maybe unfair) competition and you acting within .

Started this thread Reply With Quote
 
(login for full post details)
  #14 (permalink)
 SPMC 
GER
 
Experience: Advanced
Platform: MC
Trading: ES
 
Posts: 144 since May 2011
Thanks: 11 given, 213 received


choke35 View Post

If the Eurex doesn't screw it up, I expect similar effects as in the US with the ES and other E-minis.
In the US, the mini asset class changed the entire market dynamics: Liquidity is much higher, spreads
are lower, RM/MM possibilities are better, and transparency is higher than they have ever been with full-sized
contracts (and more transparent than those of CFDs/Certs/Warrants anyway).

I guess a similar ratio like in oil. The CL now trades at 278K, the QM at 7k.

Reply With Quote
The following user says Thank You to SPMC for this post:
 
(login for full post details)
  #15 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


SPMC View Post
I guess a similar ratio like in oil. The CL now trades at 278K, the QM at 7k.

I'm a little more optimistic since the ratio of mini index futures is normally better than the ratio of commodities.
Besides CL is already a comparably small (but very volatile) contract, only about 1/5 - 1/6 of a full-sized FDAX.

Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received


choke35 View Post
If you think about ever having a theoretical edge over a non-DMA issuer and/or market-maker on which you depend for better or worse, dream on.

Are you seriously trading or are you just talking and hiding behind "regulated markets" ? Have you ever had to consider trading commissions and fees while trading SIGNIFICANT volume in one market/contract (>10%) and have you ever thought about the impact in your P/L? What do you expect to pay for a round-turn in the miniFDAX compared to your average volume and tick-size ?

Did you read my comments above ? Have you answered my questions ?

Do you seriously know what's about regulation in CFD's, Certificates, Warrants etc ? Do you know anything about DMA for Certificates, Warrents etc on the DAX and EUWAX etc ?

Have you ever considered any advantages/disadvantages for futures and certificates/warrants ... specially overnight ?

Reply With Quote
 
(login for full post details)
  #17 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


gboos View Post
...

Did you read my comments above ? Have you answered my questions ?

...

As said: I'd never try to convince the non-DMA/CFDs/Certs/Warrants buy side.

Started this thread Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
  #18 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received


choke35 View Post
As said: I'd never try to convince the non-DMA/CFDs/Certs/Warrants buy side.

So still no valid arguments, except "market regulation" and "non-DMA" ... which btw shows you aren't deeply into it. Otherwise you wouldn't use both arguments ....

Nevermind. Nice weekend.

Reply With Quote
 
(login for full post details)
  #19 (permalink)
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 510 given, 1,660 received

Useless discussion here.

If you don't accept the other side it is okay.

A professional trader should know what market fits to him.

Reply With Quote
The following 2 users say Thank You to Balanar for this post:
 
(login for full post details)
  #20 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


gboos View Post
So still no valid arguments, except "market regulation" and "non-DMA" ... which btw shows you aren't deeply into it. Otherwise you wouldn't use both arguments ....

Nevermind. Nice weekend.

Up to now, more than a third of your 16 posts in 6 years are here repeating something that everyone already
understood when you wrote it for the first time. Don't you think, that's a little weird, honey?

Started this thread Reply With Quote
 
(login for full post details)
  #21 (permalink)
 gboos 
Sliema/Malta
 
Experience: Advanced
Platform: NT, TS, TT, MC, MATLAB
Broker: MF Global, TT, Zenfire
Trading: Crude CL, Bund, ZB
 
Posts: 20 since Jun 2009
Thanks: 0 given, 19 received

Wenn Du also meinst das man mit deutscher Ueberheblichkeit weit kommt dann sei es Dir gegoennt. Deine Quantitaet an Posts sagt eben nix ueber Deine Qualitaet aus. Das zeigt schon mal Deine geistig bescheidene Struktur. Ich weiss wer Du bist und kann daher sehr gut einschaetzen was Du von Dir gibst ...

Ist schon gut so Laber weiter.

Reply With Quote
 
(login for full post details)
  #22 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


gboos View Post
Wenn Du also meinst das man mit deutscher Ueberheblichkeit weit kommt dann sei es Dir gegoennt. Deine Quantitaet an Posts sagt eben nix ueber Deine Qualitaet aus. Das zeigt schon mal Deine geistig bescheidene Struktur. Ich weiss wer Du bist und kann daher sehr gut einschaetzen was Du von Dir gibst ...

Ist schon gut so Laber weiter.

Du bist echt lustig

Started this thread Reply With Quote
 
(login for full post details)
  #23 (permalink)
 grausch 
Luxembourg, Luxembourg
 
Experience: Advanced
Platform: TWS
Broker: Interactive Brokers
Trading: Stocks
 
Posts: 491 since May 2012
Thanks: 1,641 given, 1,149 received

I have no real bone to pick in this fight - don't trade the DAX and it is not on my immediate radar. However, when trading CFDs you always have to be aware of counterparty risk - Counterparty Risk when Trading CFDs.

With the blow-up of LTCM, financial institutions realised the counterparty risks were much bigger than previously anticipated and regulatory intervention was needed to avoid a larger "meltdown". Lehman again highlighted the counterparty risk that traders can be exposed to. Imagine having a TRS (total return swap - same thing as CFD but used by hedge funds) to hedge your portfolio with Lehman (your prime broker) and then suddenly Lehman can't perform on its obligations. Suddenly your nice hedge stopped working and your only option is legal action against an insolvent company while your fund just got exposed to the full market drawdown.

Not saying that trading regulated markets reduces that risk - PFG and MFG were both regulated and clients still lost money. However, at least your broker won't go bankrupt because his counterparty can't perform.

Edit: should also add - at least your broker also won't go bankrupt because he failed to offload his counterparty exposure (where the broker takes the other side of the CFD), i.e. all of his clients short the market, leaving him with huge losses if the markets fall like in the event of 24 August.

Reply With Quote
The following 2 users say Thank You to grausch for this post:
 
(login for full post details)
  #24 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,068 since Jun 2009
Thanks: 32,534 given, 98,493 received

PDF from Eurex on the new FDXM mini DAX

https://www.eurexchange.com/blob/1976326/c5edab214f2feed8f74dc297b406c5a9/data/er15173e.pdf





Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 10 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #25 (permalink)
 hoolio 
Melbourne, Australia
 
Experience: Intermediate
Platform: NT8, Multicharts,Sierra
Broker: CQG, IB
Trading: YM,CL,GC,6E,6J
 
Posts: 97 since Mar 2013
Thanks: 83 given, 60 received

Any news of a mini Stoxx product ?

Now that would make my day !

Reply With Quote
 
(login for full post details)
  #26 (permalink)
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 510 given, 1,660 received


hoolio View Post
Any news of a mini Stoxx product ?

Now that would make my day !

I don't think so because it is already small. (10 Euro / point)

Reply With Quote
 
(login for full post details)
  #27 (permalink)
Tommip
Rybnik Polska
 
 
Posts: 114 since Aug 2015
Thanks: 18 given, 51 received


Balanar View Post
I don't think so because it is already small. (10 Euro / point)


Exactly.If that is still too big,then there is still option - Eurostoxx Sector's Futures.There is also 5 Euro's tick and less volatility then Dax or even Eurostoxx.Stoxx banks futures is number 3 in Eurex index futures so it is also liquid.

Reply With Quote
 
(login for full post details)
  #28 (permalink)
inverter
slovenia
 
 
Posts: 114 since May 2014
Thanks: 15 given, 36 received

given the already active mini dax? Today I found this subject.

my broker has a list,, if someone has already trading mini dax?

Reply With Quote
 
(login for full post details)
  #29 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
 
Posts: 1,892 since Sep 2009
Thanks: 3,358 given, 1,529 received


inverter View Post
given the already active mini dax? Today I found this subject.

my broker has a list,, if someone has already trading mini dax?

What already active mini DAX.

Big Mike's post above with the Eurex information sheet says it does start trading till 28 October.

Reply With Quote
The following user says Thank You to steve2222 for this post:
 
(login for full post details)
  #30 (permalink)
inverter
slovenia
 
 
Posts: 114 since May 2014
Thanks: 15 given, 36 received


steve2222 View Post
What already active mini DAX.

Big Mike's post above with the Eurex information sheet says it does start trading till 28 October.

thanks , I found here. super will be interesting

Eurex - Eurex expands equity index derivatives segment

Reply With Quote
 
(login for full post details)
  #31 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received

Up to now "big mama" FDAX runs on very little volume (<30k contracts for the entire morning),
the new-born FDXM is <1k contracts for its first morning.

The chart shows the 1min spread between FDXM and FDAX.


Started this thread Reply With Quote
The following 3 users say Thank You to choke35 for this post:
 
(login for full post details)
  #32 (permalink)
 Bvend 
Greece
 
Experience: Advanced
Platform: Ninja,Sierra
Broker: IB,IQFeed
Trading: Emini ES, Dax
 
Posts: 30 since Feb 2013
Thanks: 16 given, 17 received

Here is a 1mint chart right now. And the message I got from IB

Attached Thumbnails
Click image for larger version

Name:	IB.jpg
Views:	124
Size:	22.0 KB
ID:	196175   Click image for larger version

Name:	FDXM 12-15-1 Min-10.28.2015-13.40.56.png
Views:	118
Size:	31.8 KB
ID:	196176  
Reply With Quote
The following 3 users say Thank You to Bvend for this post:
 
(login for full post details)
  #33 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


Bvend View Post
Here is a 1mint chart right now. And the message I got from IB

With the current liquidity it doesn't make sense anyway to trade the contract.
That's why I'm waiting for the spread to normalize (which should also be the time
when IB and others offer it regularly).

Started this thread Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
  #34 (permalink)
 Balanar 
Germany
 
Experience: Advanced
Platform: NinjaTrader
Broker: NTB / Continuum
Trading: FDAX and CL
 
Balanar's Avatar
 
Posts: 396 since Jan 2013
Thanks: 510 given, 1,660 received


choke35 View Post
With the current liquidity it doesn't make sense anyway to trade the contract.
That's why I'm waiting for the spread to normalize (which should also be the time
when IB and others offer it regularly).

Do you know a certain date?

Reply With Quote
 
(login for full post details)
  #35 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


Balanar View Post
Do you know a certain date?

Nope.

Started this thread Reply With Quote
 
(login for full post details)
  #36 (permalink)
Tommip
Rybnik Polska
 
 
Posts: 114 since Aug 2015
Thanks: 18 given, 51 received

When KRX add Kospi mini few months ago it was tradeble after two months at IB...

Reply With Quote
The following 2 users say Thank You to Tommip for this post:
 
(login for full post details)
  #37 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received

When you look at the DMM schemes that @Big Mike gave in post #24 and compare that to the bid/ask volume,
you can see that the designated market makers do not comply yet. And without the DMMs' compliance the Eurex
would be ill-advised to open the contract for retail.

Started this thread Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #38 (permalink)
 puma 
zurich
 
Experience: Advanced
Platform: Sierra ahRrrr CQG ...
Trading: Bund, ES, ...
 
puma's Avatar
 
Posts: 964 since Aug 2010
Thanks: 7,272 given, 1,502 received

so far:

1,643 contracts traded

is this good or bad for day one ?

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #39 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


puma View Post
so far:

1,643 contracts traded

is this good or bad for day one ?

Since leading brokers like IB still don't take orders (except for test accounts), it's ok.
But the designated market makers still fail to quote the necessary volume.

Started this thread Reply With Quote
 
(login for full post details)
  #40 (permalink)
 JohnS 
Bamberg, Germany
 
Experience: Beginner
Platform: Sierra Chart
Broker: IB, SierraCharts data
Trading: MES, FDXM
 
Posts: 1,091 since Oct 2014
Thanks: 15,031 given, 2,591 received


Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to JohnS for this post:
 
(login for full post details)
  #41 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,444 since Feb 2012
Thanks: 5,321 given, 11,407 received

IB says to start on november 2nd (as mentioned in the sent mail).

It does not really matter what volume of the Mini is traded - as the pricing will be exactly the one of the
original Dax future divided by five. And with the same data stream.

Of course the pricing&commission of the Mini is higher (at IB) compared to the normal future.
Looks good that from november quite a lot of traders will trade the Mini to be able to buy in and scale
the lots easier...

Will be interesting what the Mini Volumes versus the normal one will show.
Let some 30 days pass - and then decide to eventually correct the rule sets with volume (down)..

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to GFIs1 for this post:
 
(login for full post details)
  #42 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,444 since Feb 2012
Thanks: 5,321 given, 11,407 received

Here the overview on the Dax Mini on IB.
It IS the same as the original Dax Future - but with multiplier 5 times instead of 25 times:



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #43 (permalink)
 Tuschi 
Bochum Germany
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: ES, FDAX
 
Tuschi's Avatar
 
Posts: 10 since Jan 2013
Thanks: 104 given, 16 received


GFIs1 View Post
Here the overview on the Dax Mini on IB.
It IS the same as the original Dax Future - but with multiplier 5 times instead of 25 times:


GFIs1

The new FDXM contract cannot be quoted in half points, therefore I do not understand how IB can show half points.
Minimum tick is 1 point.

Today the volume was over 3.500 contracts.
Spread was 2-3 points and always close to the FDAX.

I guess this is not too bad for the second day of trading, considering that some retail brokers do not offer it yet or offer less functions.

Reply With Quote
The following 4 users say Thank You to Tuschi for this post:
 
(login for full post details)
  #44 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,444 since Feb 2012
Thanks: 5,321 given, 11,407 received


Tuschi View Post
The new FDXM contract cannot be quoted in half points, therefore I do not understand how IB can show half points.
Minimum tick is 1 point.

As I understood IB behaviour today - they "will" quote like the normal future. Why should they not?
They are free to do so - as they seem to not manipulate the stream...
Really not arguing here - just have a look how on Monday coming things will develop.

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #45 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

It will be interesting to see how the contract trades.

I believe that this will make the DAX a lot more sensible for a lot more people ....

A few points to join in with the conversation:

Regarding the relationship between commission and risk:
the market will decide .. I believe it will be a success.

Regarding the quote:

I believe that when fully rolled out that broker feeds will only quote full points. Currently some brokers may be approximating this but the contract specs say that the minimum tick is 1 point. It seems clear enough in the brief look at the documentation that I have seen.

I would not be prepared to draw blood with anyone on this, least of all with @GFIs1 ... I would be happy to bet some of @ratfink 's beer-sticks or @xelaar 's cat ...

I welcome the new contract.

p

Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to podski for this post:
 
(login for full post details)
  #46 (permalink)
 Tuschi 
Bochum Germany
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: ES, FDAX
 
Tuschi's Avatar
 
Posts: 10 since Jan 2013
Thanks: 104 given, 16 received

Todays volume was 5.000 contracts so far, spread often only 2 points.

Attached is a 5 tick chart.

Attached Thumbnails
Click image for larger version

Name:	FDXM 5 tick.JPG
Views:	108
Size:	192.0 KB
ID:	196374  
Reply With Quote
The following 2 users say Thank You to Tuschi for this post:
 
(login for full post details)
  #47 (permalink)
 rleplae 
Gits (Hooglede) Belgium
 
Experience: Master
Platform: NinjaTrader, Proprietary,
Broker: Ninjabrokerage/IQfeed + Synthetic datafeed
Trading: 6A, 6B, 6C, 6E, 6J, 6S, ES, NQ, YM, AEX, CL, NG, ZB, ZN, ZC, ZS, GC
 
rleplae's Avatar
 
Posts: 2,991 since Sep 2013
Thanks: 2,437 given, 5,802 received

biggest issue is the liquidity...
it will take time

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #48 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received

Here's an update of the current 1m spread of FDXM vs FDAX:



The designated market makers seem to start; as to be expected both sides of market depth
now show multiples of the minimum quotation quantities (i.e. x10) most of the time "near" to
the last quote.

In short: It's better than last week, but certainly not very liquid.

Started this thread Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #49 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


Tuschi View Post
Todays volume was 5.000 contracts so far, spread often only 2 points.

Attached is a 5 tick chart.

Not too bad for 5 ticks, for sure. 2 points is quite often seen on FDAX too. The problem here it's either 1 or 2, in FDAX it can be 0.5, 1.0, 1.5 ... and in CFD's 0.7 1.1 1.6 etc

With regards to allow plays with lower risk, one could always trade FESX, cheap and cheerful, but get fill on limit there is a pure nightmare, a market for hardcore fishermen with patience made of steel.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 4 users say Thank You to xelaar for this post:
 
(login for full post details)
  #50 (permalink)
 Tuschi 
Bochum Germany
 
Experience: Intermediate
Platform: Ninja Trader
Broker: Ninjatrader Brokerage
Trading: ES, FDAX
 
Tuschi's Avatar
 
Posts: 10 since Jan 2013
Thanks: 104 given, 16 received

Today I looked at a 20 tick chart. Looks like price action is getting visible.

Spread is still mostly 2 point, but volume continues to rise, today over 6.200 contracts.
The big FDAX contract had 10 times the volume today. But it has been trading for ages and the FDXM not even for a week, so room for improvement

I read that IB is now offering FDXM too. I am with Ninjatraderbrokerage, I can now load the chart data of todays trading.

Attached Thumbnails
Click image for larger version

Name:	FDXM 20 tick.JPG
Views:	89
Size:	159.5 KB
ID:	196542  
Reply With Quote
The following 2 users say Thank You to Tuschi for this post:
 
(login for full post details)
  #51 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


Tuschi View Post
Today I looked at a 20 tick chart. Looks like price action is getting visible.

Spread is still mostly 2 point, but volume continues to rise, today over 6.200 contracts.
The big FDAX contract had 10 times the volume today. But it has been trading for ages and the FDXM not even for a week, so room for improvement

I read that IB is now offering FDXM too. I am with Ninjatraderbrokerage, I can now load the chart data of todays trading.

Thanks. Dont forget the big contract is 5 times the small one so notional volume is 50 times different

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #52 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received

Can anyone who has this setup with IB and Ninja show me a screenshot of the instrument manager?

None of my FDXM trades showed up on my Jigsaw Dom today, then at one point i though i was short 1 dax mini, i looked at my TWS and i was long two full size DAX! Of course the market went as i expected and boom, by the time i got out i'd done my daily stop...serves me right for mucking around with a new instrument before i'd tested it thoroughly....

The last word i had on it was that the instrument symbol was DAX|||5 for the mini and DAX|||25 for the big brother.

Thanks in advance.


XS

Follow me on Twitter Reply With Quote
The following user says Thank You to xiaosi for this post:
 
(login for full post details)
  #53 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

@xiaosi

I got this info from Ninjatrader support :


"The FDXM instrument will need to be added manually.

Please see the below forum post that goes over how to set up Mini Dax (FDXM) in NinjaTrader:

New Mini Dax Instrument Launching Oct. 28th - NinjaTrader Support Forum

Also, for more information, see the below news from NinjaTradre Brokerage on this topic:

https://www.ninjatraderbrokerage.com/emails/ninjatrader_news_October_2015.html

The instrument is brand new and while the is now some historical data it is not currently being recorded on our historical data servers. This is being looked into at the moment. For now, you can go to Tools > Options > Data > Checkmark 'Save chart data as historical'. This will save the real-time data plotting on your chart as historical data and will help indicators that rely on historical data to plot correctly."


Hope it helps. I haven't been able to set it up yet. Will do later.

P

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #54 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

Is it possible that IB are offering an approximation of the FDXM ...rather than the actual market instrument itself?

P

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to podski for this post:
 
(login for full post details)
  #55 (permalink)
 WISEUP 
Brisbane/Australia
 
Experience: Intermediate
Platform: NinjaTrader
Trading: ES
 
Posts: 2 since Oct 2010
Thanks: 0 given, 1 received

https://ninjatrader.com/support/forum/showthread.php?t=79675&page=3

Reply With Quote
 
(login for full post details)
  #56 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


podski View Post
Is it possible that IB are offering an approximation of the FDXM ...rather than the actual market instrument itself?

P

It means CFD, which is illegal for Americans

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #57 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
ratfink's Avatar
 
Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,403 received

Still early days.



Travel Well
Visit my futures io Trade Journal Reply With Quote
The following 2 users say Thank You to ratfink for this post:
 
(login for full post details)
  #58 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received


ratfink View Post
Still early days.



@GFIs1 ..... @xiaosi

If you are seeing halfpoints in an IB quote ...then it is not the real market that you are looking good at.

Ratfink's quotes are in full points. ..

P

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to podski for this post:
 
(login for full post details)
  #59 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


podski View Post
@GFIs1 ..... @xiaosi

If you are seeing halfpoints in an IB quote ...then it is not the real market that you are looking good at.

Ratfink's quotes are in full points. ..

P

Such are IB's quotes; see T&S: left side: FDAX (quoted 0.5p), right side: FDXM (quoted 1p).

The only confusion is that IB didn't introduce the FDXM symbol for the front-end but "solved" the
introduction of the new contract via the multiplier.


Started this thread Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
  #60 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received


choke35 View Post
Such are IB's quotes; see T&S: left side: FDAX (quoted 0.5p), right side: FDXM (quoted 1p).

The only confusion is that IB didn't introduce the FDXM symbol for the front-end but "solved" the
introduction of the new contract via the multiplier.


OK ....paranoid mystery solved. .....

:-)

P

Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to podski for this post:
 
(login for full post details)
  #61 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,444 since Feb 2012
Thanks: 5,321 given, 11,407 received


podski View Post
@GFIs1 ..... @xiaosi

If you are seeing halfpoints in an IB quote ...then it is not the real market that you are looking good at.

Ratfink's quotes are in full points. ..

P

..same here - Mini is in full points - Dax future in half points

GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #62 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received

Ok, so continuing on from yesty's mishap. I've now got IB's TWS with my sim account open. I have one IB Dom open with the FDXM, one Jigsaw Dom with the FDAX, one Jigsaw Dom with the FDXM.

If i place a limit order on the IB DOM (FDXM), it places an order on the Jigsaw Dom (FDAX). There is now no orders on the Jigsaw Dom (FDXM), and no prints either, just the depth.

I'll try the NT Dom next...

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #63 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received

Far out....i'm now long 2 FDAX, short 2 FDXM. Only the shorts are showing the IB FDXM Dom, the NT FDAX Dom, and the Jigsaw FDAX Dom....

Oh, and my P/L on the NT Dom is showing -8787.5 ticks

I should also mention that i went through the instrument setup on the NT forum and my setup is the same.

Attached Thumbnails
Click image for larger version

Name:	FDXMFDAX error.JPG
Views:	125
Size:	377.1 KB
ID:	196669  
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #64 (permalink)
 GFIs1 
Legendary Market Wizard
Switzerland
 
Experience: Intermediate
Platform: Investor/RT
Broker: IB / DTN
Trading: Futures
 
Posts: 5,444 since Feb 2012
Thanks: 5,321 given, 11,407 received


xiaosi View Post
Only the shorts are showing the IB FDXM Dom, the NT FDAX Dom, and the Jigsaw FDAX Dom....

On IB Booktrader everything works as expected:



GFIs1

Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to GFIs1 for this post:
 
(login for full post details)
  #65 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received

Yup, agree @GFIs1

Its the instrument setup in NT thats not right...

Ahhh, i think this could be the issue


Quoting 
Remove and re-add the FDAX 12-15 to your instrument list now that it has different settings. Instructions can be found at the link below.

Edit: nah, still stuffed up....

Follow me on Twitter Reply With Quote
The following user says Thank You to xiaosi for this post:
 
(login for full post details)
  #66 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received

My NT instrument is clearly not right, these are my trades on the big dax today (sim) and you can clearly see i had the thing on a leash (78 points), yet my P/L has not a single winning trade....

I successfully traded the mini on my IB TWS but not connected to NT. I wish it has been as successful as my sim trades on the big dax....not near so (34 points net).

Attached Thumbnails
Click image for larger version

Name:	aaFDAX 12-15 (10 Seconds)  11_5_2015.jpg
Views:	112
Size:	241.7 KB
ID:	196747  
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #67 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received

You guys are beta testers. I run some tick analysis yesterday on Sierra comparing fdax and fdxm, later has around seven times less ticks than former. Will check again in January )

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #68 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


xelaar View Post
You guys are beta testers. I run some tick analysis yesterday on Sierra comparing fdax and fdxm, later has around seven times less ticks than former. Will check again in January )

That's exactly why I don't trade it until the spread has normalized to 1-2p.
Although getting better, it's still more like this morning:


Started this thread Reply With Quote
The following user says Thank You to choke35 for this post:
 
(login for full post details)
  #69 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

- The spread and slippage plus the commish to value ratio are the current down side.

+ The smaller valuer and the fact that it is market traded and transparent .... big plus.


If you trade the trend and have a system that get's paid on big days - then this instrument has a lot to offer for smaller sized accounts to enable them to sensibly scale in ..

Pre and post markket is funny though ... I thought my internet connection was down !

p

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #70 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received


xiaosi View Post
My NT instrument is clearly not right, these are my trades on the big dax today (sim) and you can clearly see i had the thing on a leash (78 points), yet my P/L has not a single winning trade....

I successfully traded the mini on my IB TWS but not connected to NT. I wish it has been as successful as my sim trades on the big dax....not near so (34 points net).


Are you using chart trader ?

Do you have multiple instruments loaded on the same chart or are you exiting in one chart and entering in the other ?

Might be some mixup there ..

p

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #71 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received


podski View Post
Are you using chart trader ?

Do you have multiple instruments loaded on the same chart or are you exiting in one chart and entering in the other ?

Might be some mixup there ..

p

Nah, i only use the Dom to execute.

Edit: NT has just come back and said they were able to reproduce the problem on thier end and they've sent it to development....

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #72 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

Having looked at the FDXM for a couple of days I'm still optimistic that this will be good for me. I hope it becomes a commercial success.

Commission etc:
Clearly there is a downside here, it is a bit cheaper per contract than the FDAX but still much more expensive in pure size terms. People need to take this into account. For me it is not a deal breaker.

Liquidity :
It is clearly not nearly as liquid as it needs to be. Thursday was a busy day and spread was mostly 1 or 2 points. However on Friday it was very quiet in the morning. 50% of normal volume on the FDAX. The FDXM itself often did not trade more than a single contract for minutes. The price ladder moved in sync with the FDAX with no trades being made. Clearly market makers have some clever bots.

The lack of liquidity will mean that there will sometimes be biiiiig slippage.

Risk management :
Now that I have a good view of the market and developed a sort of language for myself that allows me to follow what is happening in a consistent way all that is left is mastery in terms of self control and risk management. The smaller size of the contract is a big help in this respect.

Basically, it will enable me to keep the losses small and keep scaling in when the trend is working for me. More people like me will be able to press the winners harder.

I'm optimistic.

P

Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to podski for this post:
 
(login for full post details)
  #73 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,068 since Jun 2009
Thanks: 32,534 given, 98,493 received


podski View Post
It is clearly not nearly as liquid as it needs to be. Thursday was a busy day and spread was mostly 1 or 2 points. However on Friday it was very quiet in the morning. 50% of normal volume on the FDAX. The FDXM itself often did not trade more than a single contract for minutes. The price ladder moved in sync with the FDAX with no trades being made. Clearly market makers have some clever bots.

Years ago I traded M6E. Regardless of what was shown on the depth, I would almost always get fills where I wanted them of the size I wanted. Just because the size isn't advertised doesn't mean an algo won't snatch it up when it sees it come in.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following 6 users say Thank You to Big Mike for this post:
 
(login for full post details)
  #74 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

Is anybody keeping track of the FDXM volume ?

Perhaps it makes sense to keep it logged as a % of the FDAX volume or something ?

I have to say guys - it trades pretty well. It is clearly kept in lock step by the FDAX - always within a point or two of it. To be expected as the FDAX carries the big stick.

Position size, being able to move up a timeframe, to scale in when appropriate AND have the benefit of a market traded instrument. Revolutionary for me so far.

Is anyone else trading it or am I taking money off the bad guys ?

p

Visit my futures io Trade Journal Reply With Quote
The following 3 users say Thank You to podski for this post:
 
(login for full post details)
  #75 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


podski View Post
Is anybody keeping track of the FDXM volume ?

Perhaps it makes sense to keep it logged as a % of the FDAX volume or something ?

I have to say guys - it trades pretty well. It is clearly kept in lock step by the FDAX - always within a point or two of it. To be expected as the FDAX carries the big stick.

Position size, being able to move up a timeframe, to scale in when appropriate AND have the benefit of a market traded instrument. Revolutionary for me so far.

Is anyone else trading it or am I taking money off the bad guys ?

p

I guess given your's and @Big Mike comments it is possible to trade by looking at FDAX chart and making chart art there and just executing off FDXM DOM, pretty muck like stock day traders do - work with TOS charts, execute of awful looking but lightning fast 3rd party platforms..

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #76 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received


xelaar View Post
I guess given your's and @Big Mike comments it is possible to trade by looking at FDAX chart and making chart art there and just executing off FDXM DOM, pretty muck like stock day traders do - work with TOS charts, execute of awful looking but lightning fast 3rd party platforms..

Yes indeed.

I look at the FDAX chart in the higher time frames - but execute on the FDXM chart .. The reason for that is that average relative FDAX volume is one of my most important indicators.

I trade the trends/swings so I don't give a hoot about a few ticks here and there .. esp on the FDXM ..

p

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #77 (permalink)
 choke35 
Germany
 
Experience: Intermediate
Platform: Other
Trading: ES, YM, 6E
 
Posts: 2,668 since Feb 2013
Thanks: 5,100 given, 6,555 received


podski View Post
Is anybody keeping track of the FDXM volume ?

Perhaps it makes sense to keep it logged as a % of the FDAX volume or something ?

I have to say guys - it trades pretty well. It is clearly kept in lock step by the FDAX - always within a point or two of it. To be expected as the FDAX carries the big stick.

Position size, being able to move up a timeframe, to scale in when appropriate AND have the benefit of a market traded instrument. Revolutionary for me so far.

Is anyone else trading it or am I taking money off the bad guys ?

p

FDXM is ~2.5 - 3% of the total notional contract value (FDAX + FDXM added) at the moment.

That's pretty good for its lifespan, but the lack of ticks (imho) still causes too wide deviations from the normal spread.
(And with spread I don't only mean the shown bid/ask, but the real deviation including the ticks when FDXM can't hold
the pace of big mom.)


Started this thread Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
(login for full post details)
  #78 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 448 given, 533 received

Here is some of the latest on the FDXM in NT from thier forum

Basically there is a bug and the team are working on it, however i have been told by their support that the solution will only be implemented in NT8, not 7. This is disappointing as i still use NT7, at least until Rancho and Jigsaw are fully compatible with NT8 anyway....or i get my butt moved and start using TT!

Follow me on Twitter Reply With Quote
The following 2 users say Thank You to xiaosi for this post:
 
(login for full post details)
  #79 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received

@podski & others : are any of you actually trading FDXM live and anyone through Ninja's own brokerage (formerly Mirus) ?

I like the idea of a mini as it makes 3 lot scaling much more manageable size-wise, as long as it's not like CL vs QM (where it is much better to trade CL).

The biggest problem with FDAX is that up until 3 or 4 years ago the spread was pretty stable at 1 - 2 ticks, but these days it often blips momentarily open to 3, 4 or even 5 ticks, I suppose as a result of much lower volume.

I looked at the Ger 30 CFD, but it charts differently, has a tiny unit value & is back in unregulated territory.

Reply With Quote
The following user says Thank You to jtrade for this post:
 
(login for full post details)
  #80 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


jtrade View Post
@podski & others : are any of you actually trading FDXM live and anyone through Ninja's own brokerage (formerly Mirus) ?

I like the idea of a mini as it makes 3 lot scaling much more manageable size-wise, as long as it's not like CL vs QM (where it is much better to trade CL).

The biggest problem with FDAX is that up until 3 or 4 years ago the spread was pretty stable at 1 - 2 ticks, but these days it often blips momentarily open to 3, 4 or even 5 ticks, I suppose as a result of much lower volume.

I looked at the Ger 30 CFD, but it charts differently, has a tiny unit value & is back in unregulated territory.

Volumes are pretty good in DAX, similar to CL or GC but liquidity is dry, you mainly trade with a market maker.

GER30 obviously depends on the provider, LMAX uses Morgan Stenly AFAIK, it's quite good. The only difference from FDAX is to account for a backwardation (nil for a new futures contract and up to 10 points close to expiration) since GER30 is based on cash index, not futures. However figure levels on cash are more significant than futures levels in my experience but it worth to watch both.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #81 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received


jtrade View Post
@podski & others : are any of you actually trading FDXM live and anyone through Ninja's own brokerage (formerly Mirus) ?

I like the idea of a mini as it makes 3 lot scaling much more manageable size-wise, as long as it's not like CL vs QM (where it is much better to trade CL).

The biggest problem with FDAX is that up until 3 or 4 years ago the spread was pretty stable at 1 - 2 ticks, but these days it often blips momentarily open to 3, 4 or even 5 ticks, I suppose as a result of much lower volume.

I looked at the Ger 30 CFD, but it charts differently, has a tiny unit value & is back in unregulated territory.


Yes. I am.

The big, really big advantage of the FDXM is that it's small. As you say, you can manage your risk appropriately. Let's talk about what that means for me in a minute.

There are some peculiarities about it however. You will need to decide yourself whether they are material.

1. The FDAX carries the big stick. By this I mean that the price movements on the big instrument dictate the precise movements of the Mini. This has two main effects
a. Market makers arbitrage between the FDAX and th FDXM and the price of the mini can move 1,2,3,4,5,6 or 7 POINTS before it actually trades. If you have a stop order the slippage can be large. Your order will not become a market order until the mini actually trades. Limit orders will get filled but stops will be loose.

b. The highs and lows are not precise. By this I mean that the highs and lows on the FDAX have a much greater significance. If you don't take this into account you can have your stops a bit too tight or your breakouts can be fakeouts a bit more than usual.
2. The pre and post market is very very thin, especially the pre market.

OK. So why do I trade it ?

Simply put, you can move up a timeframe with the smaller instrument.

None of the above peculiar behaviour is really important if you are trading a trend and holding through multiple pullbacks.

In summary, I would say that it is certainly suitable for trading on higher timeframes.

My experience is that if you are worried about a tick or two, then neither this nor the FDAX is for you. The DAX moves often well over 150 points per day, you can't judge it too closely.

P

Visit my futures io Trade Journal Reply With Quote
The following 7 users say Thank You to podski for this post:
 
(login for full post details)
  #82 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received


podski View Post
Yes. I am.

The big, really big advantage of the FDXM is that it's small. As you say, you can manage your risk appropriately. Let's talk about what that means for me in a minute.

There are some peculiarities about it however. You will need to decide yourself whether they are material.

1. The FDAX carries the big stick. By this I mean that the price movements on the big instrument dictate the precise movements of the Mini. This has two main effects
a. Market makers arbitrage between the FDAX and th FDXM and the price of the mini can move 1,2,3,4,5,6 or 7 POINTS before it actually trades. If you have a stop order the slippage can be large. Your order will not become a market order until the mini actually trades. Limit orders will get filled but stops will be loose.

b. The highs and lows are not precise. By this I mean that the highs and lows on the FDAX have a much greater significance. If you don't take this into account you can have your stops a bit too tight or your breakouts can be fakeouts a bit more than usual.
2. The pre and post market is very very thin, especially the pre market.

OK. So why do I trade it ?

Simply put, you can move up a timeframe with the smaller instrument.

None of the above peculiar behaviour is really important if you are trading a trend and holding through multiple pullbacks.

In summary, I would say that it is certainly suitable for trading on higher timeframes.

My experience is that if you are worried about a tick or two, then neither this nor the FDAX is for you. The DAX moves often well over 150 points per day, you can't judge it too closely.

P

Very helpful reply, thanks, podski.

It's an interesting question : trade 2 x FDAX @ $5k margin / $50 tick (I mean Euros, but only have $ on keyboard) or the equivalent 5 x FGBL for usually much less range, but a slower, more stable ride & MUCH thicker market (both of which I have done)... or maybe go up a timeframe as you suggest with 3 x FDXM, less margin, more swing.

I will set it up and consider : at the end of the day it comes down to whichever approach produces enough consistent weekly profit with the least amount of risk, screentime & stress.

Reply With Quote
The following user says Thank You to jtrade for this post:
 
(login for full post details)
  #83 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received

I just realised that in my Ninjatrader Brokerage FX account (via FXCM in London), I have the GER30 CFD.

1 x GER30 = 10c / pip (I think CFD ticks are referred to as pips, as they are in the spot FX world), so
50 = EUR 5 / pip @ margin of EUR 300, ie. much less than Eurex rates (maybe not available in the US, though), 1 pip target spread (supposedly 2 max), and I think lower commissions than Eurex.

This CFD trades in single point increments, unlike FDAX, so a "half-size" / faster chart is required (if not time-based).

"In for observation"...

Reply With Quote
 
(login for full post details)
  #84 (permalink)
 sam028 
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,676 since Jun 2009
Thanks: 3,791 given, 4,512 received

Interactive Brokers also have its DAX CFD, 1€/point and 0.01 increments.
FXCM and IB DAX CFDs looks better than this new mini FDAX, at least until the day it will reach enough volume activity (if it's reached one day).
CFD can't be traded in US.


jtrade View Post
I just realised that in my Ninjatrader Brokerage FX account (via FXCM in London), I have the GER30 CFD.

1 x GER30 = 10c / pip (I think CFD ticks are referred to as pips, as they are in the spot FX world), so
50 = EUR 5 / pip @ margin of EUR 300, ie. much less than Eurex rates (maybe not available in the US, though), 1 pip target spread (supposedly 2 max), and I think lower commissions than Eurex.

This CFD trades in single point increments, unlike FDAX, so a "half-size" / faster chart is required (if not time-based).

"In for observation"...


Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
The following 4 users say Thank You to sam028 for this post:
 
(login for full post details)
  #85 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


sam028 View Post
Interactive Brokers also have its DAX CFD, 1€/point and 0.01 increments.
FXCM and IB DAX CFDs looks better than this new mini FDAX, at least until the day it will reach enough volume activity (if it's reached one day).
CFD can't be traded in US.

I do not trade these but it seems IB's CFD commissions for 5e/p position are something about 2,59e compared to DFXM (Mini Dax futures) 1,16e commissions.

The difference between CFD and FDAX 25e/p position is something about 12,92e vs. 1,41e

And if you do size the advantage goes even better in futures.

Then of course you have to think about the slippage but this is not an easy task to compare... Anyway you look the current FXDM bid/ask depth and what I know from FDAX side the current DFXM futures are VERY tradeable. No problem with this.

So from this point of view I would choose Futures definitely.

What comes to purpose of the FXDM I see it clear: They are for low capital traders (often retail) so I see a great success for the FXDM in future.

Reply With Quote
 
(login for full post details)
  #86 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


Scalpguy View Post
I do not trade these but it seems IB's CFD commissions for 5e/p position are something about 2,59e compared to DFXM (Mini Dax futures) 1,16e commissions.

The difference between CFD and FDAX 25e/p position is something about 12,92e vs. 1,41e

And if you do size the advantage goes even better in futures.

Then of course you have to think about the slippage but this is not an easy task to compare... Anyway you look the current FXDM bid/ask depth and what I know from FDAX side the current DFXM futures are VERY tradeable. No problem with this.

So from this point of view I would choose Futures definitely.

What comes to purpose of the FXDM I see it clear: They are for low capital traders (often retail) so I see a great success for the FXDM in future.

It's just IB's CFD offering is let's say very far from the best. Don't even look at FXCM's one ))

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #87 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


xelaar View Post
It's just IB's CFD offering is let's say very far from the best. Don't even look at FXCM's one ))

I got your point

I personally do not consider anything smaller than IB. I am so scared

Well to be honest I do trade smaller brokers too (one of them). They are great because of low margin requirements -> less capital under the broker risk, but lately been trading FDAX w/ IB.

It takes nothing to be a Pig
Reply With Quote
 
(login for full post details)
  #88 (permalink)
 xelaar 
prague, czech republic
 
Experience: Intermediate
Platform: NT7, MT4
Broker: LMAX
Trading: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,517 since Feb 2013
Thanks: 1,740 given, 2,566 received


Scalpguy View Post
I got your point

I personally do not consider anything smaller than IB. I am so scared

Well to be honest I do trade smaller brokers too (one of them). They are great because of low margin requirements -> less capital under the broker risk, but lately been trading FDAX w/ IB.

I hear echo in background saying mf glibal mf global… lol

From what I know IB does proprietary trading, just like MFG did which resulted in we know what.
Thus said I have a funded account at IB and several ither brokers, I trade where conditions are the best, for IB its options, for lmax is forex and cfd.

Trade to live. Not live to trade.
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to xelaar for this post:
 
(login for full post details)
  #89 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


xelaar View Post
I hear echo in background saying mf glibal mf global… lol

From what I know IB does proprietary trading, just like MFG did which resulted in we know what.
Thus said I have a funded account at IB and several ither brokers, I trade where conditions are the best, for IB its options, for lmax is forex and cfd.

Altogether the big house can survive small problems where small house will go bankgrupt. So this is why I prefer bigger ones.

What comes to IB it is totally a different story than mfg. Im not going to go deep in this but "trust me" I know this thing.

One thing I agree: Show me a 100% bullet proof house. None.

It takes nothing to be a Pig
Reply With Quote
The following user says Thank You to Scalpguy for this post:
 
(login for full post details)
  #90 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

Press from EUREX.

I remain pleased with the results that the smaller size has had on my trading ...


Eurex Group - Mini-DAX® Futures: considerable liquidity after only 30 days of trading


I hope that this means that the contract is a commercial success and that they will keep it.

p

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #91 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received


podski View Post
I hope that this means that the contract is a commercial success and that they will keep it.

I expect it will, not least because it is potentially so much more accessible to retail traders - it might even increase overall trading of the futures (like SP vs ES, although on a much smaller scale).

I have started trading the Ger30 CFD via Ninjatrader Brokerage, who use FXCM in London for European clients, giving access to the CFDs (not available to Americans, I think ?) : so far I am pleasantly surprised as it appears to have tighter spreads and more tradability than FDXM & definitely more tradable than FDAX as it's not so "jumpy".

Just one trade this morning (having missed a great set-up off the LO) :


Reply With Quote
The following 2 users say Thank You to jtrade for this post:
 
(login for full post details)
  #92 (permalink)
 podski 
Belgium
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader Brokerage, CQG
Trading: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 388 since Sep 2012
Thanks: 498 given, 470 received

watch for the ZEW number at 11:00 ...

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #93 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


Scalpguy View Post
What comes to purpose of the FXDM I see it clear: They are for low capital traders (often retail) so I see a great success for the FXDM in future.


It takes nothing to be a Pig
Reply With Quote
 
(login for full post details)
  #94 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received


podski View Post
watch for the ZEW number at 11:00 ...

Tks, podski - np, I was on it, but no reaction (yet)... time to walk the dog on a sunny winter's day

My goals are very modest these days : I trade 2 or 3 hours only from 0900 CET & my goal is to average 1R / day.

Today was 1.73R with almost zero heat, so I'm a happy guy.

Reply With Quote
 
(login for full post details)
  #95 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


jtrade View Post
Tks, podski - np, I was on it, but no reaction (yet)... time to walk the dog on a sunny winter's day

My goals are very modest these days : I trade 2 or 3 hours only from 0900 CET & my goal is to average 1R / day.

Today was 1.73R with almost zero heat, so I'm a happy guy.

Whats your volume ignored initial point risk per trade or if you do not have one what is the average realized then ?

It takes nothing to be a Pig
Reply With Quote
 
(login for full post details)
  #96 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received


Scalpguy View Post
Whats your volume ignored initial point risk per trade or if you do not have one what is the average realized then ?

Hello, Helsinki

I'm about to cook supper for the family, so I'm not grasping "volume ignored initial point risk" !?

You mean what is 1R ? If so, my initial live entry is 200 lots, which via Ninja FXCM is 10c / lot (unlike IB, where 1 lot = EUR 1). I divide into 4 x 50 lot units, each of EUR 5 / pip, so with a 12 pip initial stop on 8 pip range bar, assume 14 pip loss if hit, 1R = EUR 280. I have not yet had more than 2 pips spread/slippage, usually 1.

Let me know if I'm missing your point.

Btw, whilst being happy to average 1R each morning, my goal is to make at least 3R to achieve this. This morning, I had missed the "trade of the morning" and my time was up, so I took that walk (as I do pretty much every day).

Reply With Quote
The following 2 users say Thank You to jtrade for this post:
 
(login for full post details)
  #97 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


jtrade View Post
Hello, Helsinki
I'm about to cook supper for the family, so I'm not grasping "volume ignored initial point risk" !?
...

Often when I ask this from traders they will tell me they will risk for example 30 points but this is not the 30 points in the price movement. It is a price movement points * contracts. So this is why I ask them to tell me the "volume ignored" version. For me it's a bit irrelevant to know the size of the trader. If the system impements scaling in/out then of course the ratios I am interested in. Also like to think everything in the R(isk) and it's multiples. System independed way to evaluate the quality of the system. So I understand your +1R daily goal very well

So is your Risk 8 ticks or 14 ticks (1 tick = 1 dax point) meaning your target is to achieve 8 points or 14 points per day (average) ?

It takes nothing to be a Pig
Reply With Quote
The following user says Thank You to Scalpguy for this post:
 
(login for full post details)
  #98 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received


Scalpguy View Post
So is your Risk 8 ticks or 14 ticks (1 tick = 1 dax point) meaning your target is to achieve 8 points or 14 points per day (average) ?

14 pips (pips, not ticks, because CFDs are traded in the cash FX world).

My goal is to average 1R / day, which means positive days need to be more.

A typical weekly distribution (any market) might be 1R / 3R / 2R / (3R) max loss hit / 2R, which when you average it out nets down to 1R / day.

As we all know, there are a 1,000 ways to screw up a week or month filled with many fabulous trades....

... but as the saying goes, "You don't have to make a lot, to make a lot (but you do need to trade size)".

Reply With Quote
The following user says Thank You to jtrade for this post:
 
(login for full post details)
  #99 (permalink)
 Scalpguy 
Helsinki, Finland
 
Experience: Advanced
Platform: SC and TWS
Broker: IB and AMP/CQG
Trading: ES
 
Scalpguy's Avatar
 
Posts: 202 since Jul 2010
Thanks: 15 given, 150 received


jtrade View Post
14 pips (pips, not ticks, because CFDs are traded in the cash FX world).

My goal is to average 1R / day, which means positive days need to be more.

A typical weekly distribution (any market) might be 1R / 3R / 2R / (3R) max loss hit / 2R, which when you average it out nets down to 1R / day.

As we all know, there are a 1,000 ways to screw up a week or month filled with many fabulous trades....

... but as the saying goes, "You don't have to make a lot, to make a lot (but you do need to trade size)".

Thanks Pal. Yes cash plays in pips. Im a futures guy

Dax daily tradeable swings are easily over 500 ticks so your goal is indeed very reasonable

It takes nothing to be a Pig
Reply With Quote
 
(login for full post details)
  #100 (permalink)
 jtrade 
near Amsterdam
 
Experience: Advanced
Platform: NinjaTrader
Trading: 6B, 6E
 
jtrade's Avatar
 
Posts: 323 since Feb 2010
Thanks: 426 given, 332 received


Scalpguy View Post
Dax daily tradeable swings are easily over 500 ticks so your goal is indeed very reasonable :

You find the entire daily range tradeable ?

I'd be interested to see one of your (traded) 5 second FDAX charts, if you care to post one - & is your daily goal still 2R (10 points), or so ?

Reply With Quote


futures io Trading Community Traders Hideout Emini and Emicro Index > Mini FDAX - FDXM from Eurex


Last Updated on March 17, 2017


Upcoming Webinars and Events

NinjaTrader Indicator Challenge!

Ongoing

Journal Challenge w/$1,800 in prizes!

May 7

The Cold Hard Truth: Maybe I Am Not Good Enough w/Chris Gray @ Earn2Trade

Elite only
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts