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Any FDAX traders here?
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Any FDAX traders here?

  #1 (permalink)
Elite Member
Sydney, Australia
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Mirus
Favorite Futures: FDAX
 
Posts: 139 since May 2010
Thanks: 150 given, 94 received

Any FDAX traders here?

Hi all,

I am yet to go live after close to a year of sim trading. I have gotten to know the FDAX index fairly well in that time and I would like to go live trading 1 - 2 contracts shortly.

There is just a couple of things I would like help with if you wouldn't mind.

I have no experience with liquidity and how taking a position may affect the price. Is the FDAX contract liquid enough to enter positions easily and without affecting the price? How many contracts do you start to face liquidity problems with it?

Also, from what I can gather FDAX requires one of the largest margins out of all of the index futures - why is this?

And finally, are there any other highly volatile high liquidity futures contracts to trade around the time the DAX is trading? I trade the European session and the contracts I would like to trade tend to be fairly slow/low volume at that time, CL for example. It seems as if they are not worth trading at that time.
I have looked at FESX but it just does not seem to move enough for my scalping style, same deal with the Euro bund.

Any suggestions would be appreciated.

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  #2 (permalink)
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  #3 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
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Posts: 3,697 since Oct 2009
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If i were located in the Euro zone i would not bother trading the Futures market. I would trade the Forex market with its plethora of currencies. The best moves occur when i sleep. You could trade the beast (GBP/JPY) or the beauty (GBP/USD) and be done in a couple of hours.

I don't think you might have any problem trading the FDAX with just 1 or 2 contracts specially if you trade at peak times. Have not ever heard people complaining about slippage.

Compare the Forex market volatility to the Futures market volatility.

Start here:

English: http://www.mataf.net/en/tools/02-01-volatility
French: http://www.mataf.net/fr/tools/02-01-volatility

Have not found such a tool for the Futures market.

Maybe BigMike might develop such a comparison tool for his site. Forex VS Futures markets volatility.

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  #4 (permalink)
Elite Member
London
 
Futures Experience: Intermediate
Platform: Multicharts, NinjaTrader, ESignal
 
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I've traded Dax for just over a year. It's more than liquid,think you'd have to trade in size to move it.
Good luck with it.

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  #5 (permalink)
Trading Apprentice
Chicago, Il
 
Futures Experience: Master
Platform: X_TRADER
Favorite Futures: currency futures
 
Posts: 21 since Jul 2010
Thanks: 3 given, 19 received

FDAX is highly tradable. I spread it vs. the CME Emini contract as well as FESX and FTSE on Liffe.

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  #6 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
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if u stay below 10 contracts u will be fine

if you trade with 1000 contracts size i would trade spot forex

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  #7 (permalink)
Elite Member
Amsterdam
 
Futures Experience: Advanced
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Favorite Futures: FGBL, NQ
 
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twoshepards View Post
FDAX is highly tradable. I spread it vs. the CME Emini contract as well as FESX and FTSE on Liffe.

Presumably during the US morning session only, using the X-Trader spread module ?

May I please ask how you learned to spread intraday (if that's what you're doing) ?

Twiddle : I trade FDAX outright looking for setups on a 15 min chart, then using an R5 range bar chart for entry & trade management, 2 to 4 contracts. Usually plenty of liquidity during the European morning, but if you aspire to trade a 20 lot one day and trade for small targets on a fast chart, you will have to accept a tick or two slippage.

FDAX has a high margin (although only $2500 intraday with Mirus) because it's volatile and the general view is absolutely NOT to start trading with FDAX, FESX being considerd preferable. I don't necessarily agree : if you have traded sim for a while and are consistently profitable with 1 - 2 contracts and are sufficiently capitalised, go for it. If your live results are not comparable with sim, stop live trading immediately and revert to sim & address what most likely will be the psychological issues getting in the way (the most challenging part of trading imho).

I'm not aware of a comparable futures market during the European morning - perhaps 6E to a lesser extent - the only alternative is to trade cash forex as one poster has suggested....

... or maybe trade FGBL with several times the size on a very fast chart. That should keep you focussed... (actually, every time I read one of sharky's posts I seriously consider this option) .

Lastly, beware of following suggestions from people you don't know on trading forums .

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  #8 (permalink)
Elite Member
Austin, TX & Las Vegas, NV
 
Futures Experience: Advanced
Platform: Investor RT Pro, NT 7.0
Favorite Futures: ES, DAX, CL, 6E
 
FulcrumTrader's Avatar
 
Posts: 230 since Mar 2010
Thanks: 32 given, 286 received

I LOVE the DAX! I play gap fills 01:00 a.m. to 02:00 am US central time, and then from 2:00 am going forward (as the EU cash session opens) I work only Momentum Trades using my Cumulative Delta based set ups. The DAX trading all year has been some of the best (even better than CL trading at times) with these great currency moves in the background. DAX Momentum Trade explained from the other day..... YouTube - Momentum Trading The DAX With Cumulative Delta

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  #9 (permalink)
Elite Member
London UK
 
Futures Experience: Advanced
Platform: NinjaTrader, TT
Broker/Data: Mirus
Favorite Futures: CL, Dax, ES, Eurostoxx50
 
Posts: 121 since Oct 2010
Thanks: 23 given, 46 received

Timeframe for the DAX

Hello,

I am searching a good timeframe for a tick chart to trade the DAX... Anyone has an idea?

Thanks a lot.

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  #10 (permalink)
Elite Member
Netherlands
 
Futures Experience: Advanced
Platform: none
Favorite Futures: Stocks
 
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Posts: 196 since Sep 2010
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21 tick worked for me, but you have to see what works for you...

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