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Ninjatrader Forex / futures EUR/USD commision help for (Interactive Brokers )
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Ninjatrader Forex / futures EUR/USD commision help for (Interactive Brokers )

  #1 (permalink)
Trading Apprentice
MN
 
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Ninjatrader Forex / futures EUR/USD commision help for (Interactive Brokers )

Hi guys I have a very important question to ask. I been working on a Ninjatrader trading system that trades the FOREX EUR/USD. the trading system that i have developed seems to show profit. However, an average it takes 15 trades a day and total 400 trades a month. I have never trading Forex in my life, so I don't know if with commission's this system will work. Right now I am using interactive brokers they have a flat fee of $2.5 plus something called spread fee(lets say 2pips). so can anyone explain to me how much money do I need to put up so that even with commission and spread the system is profitable(if even possible).
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NinjaTrader stats


(in strategy wizard I put Long with 1 Quantity and also 1 quantity for short)
Avg winning trade is $ 80

Avg loosing trade is $140

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  #3 (permalink)
Site Administrator
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Under the Edit-Options menu (if I remember right) you can input commissions. Enter it there. Make sure you know the round-turn price vs the per-side price, and enter the right figure.

For slippage, during the backtest there is a spot on the options for slippage. Enter 2 ticks per side.

I would say that in general, anyone can make a robust looking strategy seem profitable by not counting slippage or commission. Said strategy will almost certainly lose money once you factor in reality, including a proper length backtest and proper length forward test.

Mike

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  #4 (permalink)
Just a boy
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Commissions

@wallsteetking

Big Mike is basically right.

In NT7 go:

Tools> Instrument Manager>[select instrument]>Edit>Misc

Once in Misc you need to expand the + symbol for each type of feed you want to load commission values for eg Market Replay, SIM and your Live feed (eg ZenFire) can all be configured with different commission rates.

Once the + symbol has been expanded for each feed type enter a $ and cents figure (eg 2.57) under 'Minimum Commission'. This the fee per SIDE, not round trip.

I can't comment on entering slippage as I don't trade currencies.

Make sure you select the Currencies version of the instrument and not the Futures version.

You can also set-up default commission rates that will apply to EVERY instrument unless once has been loaded specifically for that instrument as above. To do this go Tools>Options>Commission.


Last edited by steve2222; March 31st, 2012 at 08:56 PM. Reason: 'shouted' wrong user
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  #5 (permalink)
Trading Apprentice
MN
 
Futures Experience: Intermediate
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Posts: 25 since Feb 2011
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Hey Mike you are right once i included slippage(1Tick) the trading system went from making money to loosing money . So is it possible not to have slippage on EUR/USD. This is more of a HFT system. I am sure hedge funds with HFT systems have figured a way out right??????

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  #6 (permalink)
Site Administrator
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Platform: My own custom solution
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wallsteetking View Post
Hey Mike you are right once i included slippage(1Tick) the trading system went from making money to loosing money . So is it possible not to have slippage on EUR/USD. This is more of a HFT system. I am sure hedge funds with HFT systems have figured a way out right??????

Very advanced topic. Short answer = no slippage = limit orders = filled primarily only on losing trades.

HFT systems don't mix well with limit orders.

There are advanced techniques you can use to have resting orders in the market for long periods of time, so you are first in queue, using a limit order, resulting in no slippage. But you have to have an advanced script capable of maintaining dozens or hundreds of entry points and cancelling undesired fills before market moves to them, and you need to run next to CME matching engines for reduced latency.

Basically, you are well out of your league and my general recommendation is for you to stop trying to make money with automation, and instead learn how to be a profitable discretionary trader.

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.

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  #7 (permalink)
Trading Apprentice
MN
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES
 
Posts: 25 since Feb 2011
Thanks: 4 given, 0 received

I have tried as discretionary trader, and my emotions always take the best of me. I really/ truly believe that this trading system that I have developed works. Please please if you know anyone or any company that is able to eliminate or reduce slippage, please help me out. I feel so close, I am not going to let some stupid slippage get in my way. I already eliminated the commission issue, the only thing holding me back is raw market data and slippage. please if you, or someone you know,.. knows where I need to go from here or who i need to talk too. Your help is much appreciated.

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