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Mini FDAX - FDXM from Eurex
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Mini FDAX - FDXM from Eurex

  #121 (permalink)
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podski View Post
The FDAX is quoted in half points and the FDXM is quoted in Full points. Overall it is a little more lumpy from time to time.
  • During times when the market is thick (lots of trades ... high liquidity) it trades very much like the FDAX.
  • During times when the market is thin (before 09:00 am CET , lunchtime in Europe and after 17:30 CET) .. it is lumpy. By this I mean that the liquidity is low so market makers pull their orders before any trades are made. You will see the price move without any trades being made (WHAAAT??). Yes .. this happens as the FDAX carries the big stick and the FDXM price is established at all times by market makers (who are in fact paid by the exchange to do this job). The effect of this lumpiness is that you could have pretty large slippage during these times. 10 points slippage is not impossible.

However ...

The fact that the overall size of the contract is smaller is a big feature. It allows you to get into the "I don't care" position size. "I don't care" .. ..often credited to Al Brooks and quoted live on a futures.io webinar ... is the position size that you need to have at all times to ensure that you trade the market structure that you see on the chart, not the P/L number that you see on the DOM.

I am more successful ... by far ... trading the FDXM than the FDAX for that reason. Slippage and commission costs included.

Summary:
  • If you trade a high enough timeframe and you manage your risk, you can of course trade profitably on the FDXM.
  • If you are learning to trade or refining your plan, the smaller size will keep you alive longer ...

Thanks a lot for this info.
I will appreciate if you or any other MINI DAX trader let me know the commission you pay per 1 mini dax contract RT and the same quetion for full DAX contract?
and how much it cost the monthly Eurex Data market?
Best Regards

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  #122 (permalink)
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  #123 (permalink)
The Narrow Road
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FKtrader View Post
Thanks a lot for this info.
I will appreciate if you or any other MINI DAX trader let me know the commission you pay per 1 mini dax contract RT and the same quetion for full DAX contract?
and how much it cost the monthly Eurex Data market?
Best Regards

You will find the precise costs that I pay at the link below

http://ninjatrader.com/PDF/ninjatrader_futures_commissions.pdf

For the data feed, I pay $23.00 per month


P

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  #124 (permalink)
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About a year ago I operated this product with NTBrokerage and I am very happy I am

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  #125 (permalink)
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GER30 CFD

After some months trading the NQ in the US morning session, I've switched back to the EU morning - it just doesn't work for family life trading in the late afternoon.

I trade 2 lots in a very simple way off a UniRenko chart (the TSJ thread was instrumental in my adopting this approach).

I started with FDAX, but found it unsuitable for the tight stops I like to use : the spread widens too often, too much.. and it's a big contract. So I switched to FDXM, which is steadily increasing volume and I think would be very suitable for someone trading with a bit more "swing", ie. wider stops and targets.

However, in agreement with @sam028 in post # 84, I have this week started to trade the GER30 CFD with FXCM (not available to US traders) : not only lower margin, but tighter spread, given that the spread includes the commission (typical spread is 1 pt, whereas with FDXM it's 1 - 2 + comms). I have also set my chart up for a min movement of 0.5, so it charts just like the FDAX contract.

The commission issue is important, especially as I am only targeting 20 net ticks/pips per day : if I have one of those unpleasant days where I'm down 30 ticks in the first hour, I usually buckle up for a long grind to get back to breakeven on the day. I usually succeed, but it can take 20 trades (I typically make 3-5 trades / day & am done in the first hour). If a trade is costing a tick or thereabouts, that's 40 ticks just to cover the comms for the day. Not the case with GER30 (I think this is HUGELY significant... what am I missing !?).

I will report back in a month or so : I'm still trading the CFD very small (however, I have traded it 20x larger in the past, without fill issues, ie. EUR 10/lot). My chart for this morning below (I stopped early as I noticed a discrepancy between my FXCM and Ninja P&L, currently waiting for both to get back to me. It might be partly to do with my setting 0.5 as my min move for charting GER30 in Instrument Properties...but then again, it might not).

Is it time to switch to NT8 (as long as UniRenko are available - and I see that they are, my charts are VERY simple)... meaning does NT8 interface better with FXCM,as NT7 has always been glitchy in this regard !?????

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  #126 (permalink)
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jtrade View Post
...

However, in agreement with @sam028 in post # 84, I have this week started to trade the GER30 CFD with FXCM (not available to US traders) : not only lower margin, but tighter spread, given that the spread includes the commission (typical spread is 1 pt, whereas with FDXM it's 1 - 2 + comms). I have also set my chart up for a min movement of 0.5, so it charts just like the FDAX contract.

Please move your post to another thread. This one is about the FDAX Mini Future, not about CFDs and their
respective bucket shops.

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  #127 (permalink)
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jtrade View Post
After some months trading the NQ in the US morning session, I've switched back to the EU morning - it just doesn't work for family life trading in the late afternoon...

Can you really create a CFD position where one point move in index means 25 euros so that you only need to have $2500 for margin and pay $2.47 commissions/round trip (=0.09 points, AMP futures) as you can do with the FDAX futures where the smallest spread can be 0.5 points ?

CFD makers are playing with that 1 point spread in both ends while opening and closing the trade. This is possible because the spread is not 100% transpanent to futures markets where they offset your positions. Their system is what creates the spread for you and it is very easy to play with it.

You can see the difference only by executing the trades in parallel in both systems. You will see the difference !

It takes courage to be a Pig
Go With The Flow !
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  #128 (permalink)
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choke35 View Post
Please move your post to another thread. This one is about the FDAX Mini Future, not about CFDs and their respective bucket shops.

If I may say so, it IS relevant, because if you want to trade - & especially day trade - the DAX, there is a choice to be made between instruments, of which the GER30 CFD is one, FDXM another... and presently there are good reasons to trade the CFD rather than the mini-futures.

... & not only that, but at the time I posted, it was the only post on your busy thread so far this year

Having a bad day ?

Edit : and for having the temerity to make a logical comparison of the subject of this thread, FDXM, with an alternative, GER30, @choke35 has well & truly choked - in a somewhat aggressive way, not at all in the spirit of futures.io - and banned me from this thread. My first ever forum banning - you really were having a bad day, as I see you do not usually behave this way.


Last edited by jtrade; March 17th, 2017 at 04:39 AM.
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  #129 (permalink)
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Scalpguy View Post
Can you really create a CFD position where one point move in index means 25 euros so that you only need to have $2500 for margin and pay $2.47 commissions/round trip (=0.09 points, AMP futures) as you can do with the FDAX futures where the smallest spread can be 0.5 points ?

CFD makers are playing with that 1 point spread in both ends while opening and closing the trade. This is possible because the spread is not 100% transpanent to futures markets where they offset your positions. Their system is what creates the spread for you and it is very easy to play with it.

You can see the difference only by executing the trades in parallel in both systems. You will see the difference !

I agree that both CFDs and cash forex, in the absence of a regulated exchange, pose additional dangers.

I have put up 4 charts side by side : FDAX, FDXM, GER30 via FXCM (who I use as they are still NinjaTrader's partner, at least in Europe) & GER30 of DukasCopy.

The first 3 track very closely and I feel being able to chart GER30 at 0.5 min move is one of the advantages it has over the mini futures. The DukasCopy CFD was all over the place (but maybe because I was tracking via demo, as I do not have an account with them).

CFD & cash fx trading has changed enormously in the last decade, mostly for the better.

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  #130 (permalink)
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jtrade View Post
I agree that both CFDs and cash forex, in the absence of a regulated exchange, pose additional dangers.

I have put up 4 charts side by side : FDAX, FDXM, GER30 via FXCM (who I use as they are still NinjaTrader's partner, at least in Europe) & GER30 of DukasCopy.

The first 3 track very closely and I feel being able to chart GER30 at 0.5 min move is one of the advantages it has over the mini futures. The DukasCopy CFD was all over the place (but maybe because I was tracking via demo, as I do not have an account with them).

CFD & cash fx trading has changed enormously in the last decade, mostly for the better.

The thing is to EXECUTE parallel. Real orders throught the systems. Then you can see the difference in practice. Unfornately by just looking the charts is not the same thing.

It takes courage to be a Pig
Go With The Flow !
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