Any FDAX traders here? - Emini Index Futures Trading | futures io social day trading
futures io futures trading


Any FDAX traders here?
Updated: Views / Replies:31,562 / 161
Created: by Twiddle Attachments:14

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 14  
 
Thread Tools Search this Thread
 

Any FDAX traders here?

  #121 (permalink)
Trading Apprentice
london, uk
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: dax
 
Posts: 14 since May 2015
Thanks: 0 given, 3 received

Market? Stop? Limit?
What time of day?


Bosch777 View Post
Hi Folks,
would like to get peoples view regarding the likely slippage on the FDAX with a position size of 10 or 12 contracts on a few intraday entries/exits? Anyone?
Regards..


Reply With Quote
 
  #122 (permalink)
Elite Member
Brisbane, Queensland, Australia
 
Futures Experience: Advanced
Platform: NT8/JIGSAW
Broker/Data: MacQuarie Futures/AMP Clearing/CQG
Favorite Futures: ZB/FGBL/GC/CL/HG/6J/6M/6B/FDAX/NQ
 
xiaosi's Avatar
 
Posts: 481 since Feb 2012
Thanks: 381 given, 440 received


piebald View Post
Market? Stop? Limit?
What time of day?

While this is important, relevant etc., it still would not help the fact that ten contracts swept off the bid or offer on the Dax could mean ten levels of depth. The Dax is thin at best, testing it with several market orders will show you.

If you want to trade that size, I suggest you run the stops to get the best fills

Reply With Quote
 
  #123 (permalink)
Trading Apprentice
london, uk
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: dax
 
Posts: 14 since May 2015
Thanks: 0 given, 3 received


I have entered numerous orders for 10 DAX contracts. My statistics show that entering on a stop or market order for 10 contracts you should expect about 2 ticks (1 point) of slippage on average, if it is during the day session. If a lot of stops do get run (around new highs and lows) the spread can widen a lot, although briefly. The solution is to place your stops wisely.

Limit orders will have zero slippage by construction, but it's possible to not get filled on your whole order.

For the way I trade 2 ticks is not a problem since the DAX moves around alot and I make over 50 ticks per trade on average. Unless you are scalping, I doubt it would be a problem for most day traders. If it is a problem then you don't have much of an edge and you will fail regardless.

After hours you would have more because the market does get thin.

I hope this will be more helpful to the original poster. Suggesting running the stops with 10 contracts is a silly statement (I presume it was a joke, just not very funny).


xiaosi View Post
While this is important, relevant etc., it still would not help the fact that ten contracts swept off the bid or offer on the Dax could mean ten levels of depth. The Dax is thin at best, testing it with several market orders will show you.

If you want to trade that size, I suggest you run the stops to get the best fills


Reply With Quote
The following user says Thank You to piebald for this post:
 
  #124 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
Posts: 118 since Jul 2012
Thanks: 85 given, 48 received

Thanks for that..

ok let me change this around a bit.

Basically Im trying to get some views/opinions as to:

A) the likelihood of partial fills when executing a 12 contract limit order on the FDAX and also;
B) the likelihood of heavy slippage if it were a market order?

Time-wise, I'm referring to around 10:30am to 12:30pm London time, so basically its after the heavy morning London/Frankfurt action/throughput but before the US open.

Appreciate your inputs on this.


Last edited by Bosch777; May 24th, 2015 at 12:55 PM. Reason: unfinished
Reply With Quote
 
  #125 (permalink)
Trading Apprentice
london, uk
 
Futures Experience: Advanced
Platform: custom
Favorite Futures: dax
 
Posts: 14 since May 2015
Thanks: 0 given, 3 received

Obviously if the market doesn't go to your limit price you won't get filled at all... but I presume you mean if it does go to your price: partial fills will happen but I suspect it won't be very frequent. I can't give a more definitive answer since I don't use limit orders on the DAX anymore. As a positive point: due the the 'thinness' of orders at any given price, you are likely to be at or near the front of the queue.

Be wary of trying to use a limit order to reduce slippage on what would otherwise be a market order. I've been burnt a couple of times on that. Limit orders make sense if you are trying to capture some mean reversion effect.

For market orders slippage will vary. Sometimes it will be zero, occasionally 6 ticks (3 points), but it's very unlikely be more than 10 ticks except immediately after a news announcement so using a market order to enter at those times should probably be avoided. I'd stick with an estimate of 2 ticks, on average which is all that's really important.

How long are you holding a trade for? How many ticks do you expect to average per trade?



Bosch777 View Post
Thanks for that..

ok let me change this around a bit.

Basically Im trying to get some views/opinions as to:

A) the likelihood of partial fills when executing a 12 contract limit order on the FDAX and also;
B) the likelihood of heavy slippage if it were a market order?

Time-wise, I'm referring to around 10:30am to 12:30pm London time, so basically its after the heavy morning London/Frankfurt action/throughput but before the US open.

Appreciate your inputs on this.


Reply With Quote
 
  #126 (permalink)
Elite Member
Ireland
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: CL GC FDAX
 
Posts: 118 since Jul 2012
Thanks: 85 given, 48 received

Only holding a position for a few minutes usually. 8-10 ticks PT.
What do you think of this instruments potential for a decent mean reversion strategy? Have you tried or had any success with such a strategy?
Limit orders would probably work better here since the entries would be all counter trend hence only positive slippage?


Last edited by Bosch777; May 25th, 2015 at 12:59 PM. Reason: unfinished
Reply With Quote
 
  #127 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Advanced
Platform: TT
Favorite Futures: ES
 
Posts: 14 since Mar 2015
Thanks: 0 given, 1 received

dax has fallen 10% now from April highs...

Reply With Quote
 
  #128 (permalink)
Market Wizard
Switzerland
 
Futures Experience: Intermediate
Platform: Investor/RT
Broker/Data: IB / DTN
Favorite Futures: Futures
 
Posts: 4,103 since Feb 2012
Thanks: 3,773 given, 7,592 received
Forum Reputation: Legendary


terribletrader View Post
dax has fallen 10% now from April highs...

true - but:
This Is Not The End!

GFIs1

Reply With Quote
 
  #129 (permalink)
Trading Apprentice
Nairobi
 
Futures Experience: Advanced
Platform: MT4
Favorite Futures: FDAX
 
avibe's Avatar
 
Posts: 7 since Jun 2015
Thanks: 2 given, 6 received

Hi all , i have subscribed to this thread. I was actually googling DAX trading groups..and got a link to here.

Been reading through the posts here..and am loving it.

I have been demo trading DAX for the last 3 months.. refining my craft....and trying to learn as much as possible about it.

I trade the CFD and not the future.

I scalp 10-25 ticks on the open of London

So far i have grown pretty confident and looking to go live soon.


May the ticks be with you

Attached Thumbnails
Any FDAX traders here?-dax1.png  
Reply With Quote
The following 3 users say Thank You to avibe for this post:
 
  #130 (permalink)
Trading Apprentice
United Kingdom
 
Futures Experience: Advanced
Platform: TT
Favorite Futures: ES
 
Posts: 14 since Mar 2015
Thanks: 0 given, 1 received



GFIs1 View Post
true - but:
This Is Not The End!

GFIs1

bit of a bounce on the Germans blinking first on Greek

Reply With Quote

Reply



futures io > > > > Any FDAX traders here?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Historical Tick Data FDAX redratsal Emini Index Futures Trading 8 October 25th, 2016 06:48 AM
Sharky's Style on FDAX fesx Emini Index Futures Trading 13 January 15th, 2012 12:28 PM
Simulated Stops on FDAX ? jtrade Emini Index Futures Trading 4 September 27th, 2010 07:40 AM
PuristScalper-FDAX Zoethecus Trading Journals 9 July 14th, 2010 01:14 PM
What's the ticker for FDAX on the EUREX? ptd26 Beginners and Introductions 6 February 8th, 2010 03:09 PM


All times are GMT -4. The time now is 12:10 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-11-19 in 0.14 seconds with 20 queries on phoenix via your IP 54.196.2.131