Mini FDAX - FDXM from Eurex - Index Futures Trading | futures.io
futures.io futures trading


Mini FDAX - FDXM from Eurex
Started: by choke35 Views / Replies:16,337 / 123
Last Reply: Attachments:21

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 21  
 
Thread Tools Search this Thread
 

Mini FDAX - FDXM from Eurex

  #71 (permalink)
Elite Member
Brisbane, QLD
 
Futures Experience: Intermediate
Platform: NinjaTrader_TT_Amibroker
Broker/Data: IB, AMP Clearing
Favorite Futures: HSI, SPI, NKD
 
xiaosi's Avatar
 
Posts: 451 since Feb 2012
Thanks: 347 given, 403 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....


Last edited by xiaosi; November 5th, 2015 at 08:47 AM.
Reply With Quote
 
  #72 (permalink)
The Narrow Road
Belgium
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader Brokerage, CQG
Favorite Futures: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 379 since Sep 2012
Thanks: 443 given, 455 received

Impressions

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

Reply With Quote
The following 7 users say Thank You to podski for this post:
 
  #73 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,652 since Jun 2009
Thanks: 29,044 given, 80,655 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

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #74 (permalink)
The Narrow Road
Belgium
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader Brokerage, CQG
Favorite Futures: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 379 since Sep 2012
Thanks: 443 given, 455 received

FDXM and Volume

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

Reply With Quote
The following 3 users say Thank You to podski for this post:
 
  #75 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,514 since Feb 2013
Thanks: 1,724 given, 2,588 received

Futures Edge on FIO

Which products do you trade?

 

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.
Reply With Quote
The following user says Thank You to xelaar for this post:
 
  #76 (permalink)
The Narrow Road
Belgium
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: Ninjatrader Brokerage, CQG
Favorite Futures: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 379 since Sep 2012
Thanks: 443 given, 455 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

Reply With Quote
 
  #77 (permalink)
Market Wizard
Germany
 
Futures Experience: Intermediate
Platform: Other
Favorite Futures: ES, YM, 6E
 
Posts: 2,305 since Feb 2013
Thanks: 3,794 given, 5,466 received
Forum Reputation: Legendary


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.)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 2 users say Thank You to choke35 for this post:
 
  #78 (permalink)
Elite Member
Brisbane, QLD
 
Futures Experience: Intermediate
Platform: NinjaTrader_TT_Amibroker
Broker/Data: IB, AMP Clearing
Favorite Futures: HSI, SPI, NKD
 
xiaosi's Avatar
 
Posts: 451 since Feb 2012
Thanks: 347 given, 403 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!

Reply With Quote
The following 2 users say Thank You to xiaosi for this post:
 
  #79 (permalink)
Elite Member
Amsterdam
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: FGBL
 
jtrade's Avatar
 
Posts: 228 since Feb 2010
Thanks: 286 given, 181 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:
 
  #80 (permalink)
Elite Member
prague, czech republic
 
Futures Experience: Intermediate
Platform: NT7, MT4
Broker/Data: LMAX
Favorite Futures: DAX, Gold, Euro
 
xelaar's Avatar
 
Posts: 1,514 since Feb 2013
Thanks: 1,724 given, 2,588 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.
Reply With Quote
The following user says Thank You to xelaar for this post:

Reply



futures.io > > > > Mini FDAX - FDXM from Eurex

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17
 

An Afternoon with FIO member Massive l

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
What's happening at Eurex? [Edit: Eurex is trading again] Jura Brokers and Data Feeds 13 February 23rd, 2016 03:53 PM
Eurex is now available on Rithmic @ AMP Bogan Brokers and Data Feeds 6 January 24th, 2014 08:37 PM
NinjaTrader Broker that does Mini Lots for FDAX synergy Brokers and Data Feeds 13 December 4th, 2012 07:45 PM
FDAX (Eurex) Broker for Ninjatrader ikeaboy Brokers and Data Feeds 5 August 17th, 2011 10:21 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 02:16 AM.

no new posts
Page generated 2017-01-18 in 0.16 seconds with 20 queries on phoenix via your IP 174.129.187.112