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Scalping in paper trade mode TO EASY?! I need the opinion of an established trader.
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Scalping in paper trade mode TO EASY?! I need the opinion of an established trader.

  #11 (permalink)
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kevinkdog types faster, but is he quicker with a mouse?

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  #12 (permalink)
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MeanBean View Post
kevinkdog types faster, but is he quicker with a mouse?


I gave up mouse long ago. My pointer moves via telepathy now...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #13 (permalink)
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kevinkdog View Post
I gave up mouse long ago. My pointer moves via telepathy now...

Is their a ninja indicator for that?

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  #14 (permalink)
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donovanshane View Post
This is with Ninja. I've tried this with TOS and Ninja. TOS last month, Ninja currently. The results are the same. Also, the fills don't always go through. There not instant. I'm curious. The one post said HALF my profit going to commissions, how half? With some brokers I've been quoted 1.80 commission. Since I'm look if for a $25 profit...how does half got to fees/commissions? Thanks for your insight.

Thats $1.80 per side, but if the strategy works outside of sim, you can easily cut that in half if you lease an exchange seat. Right now I think its $350/month for IOM (which I think covers /ES edit: I believe ES falls under IMM which is twice as expensive).

"If I agreed with you, we'd both be wrong."

Last edited by addchild; November 13th, 2013 at 10:03 PM.
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  #15 (permalink)
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maybe check with ninja support on how the simulator fills. I've seen some platforms where you pick a percentage of the book filling in order to fill you. maybe they have customized setting. I've noticed on ninja, that you don't get filled unless everything is cleared out. Could be wrong on that, just an observation.

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  #16 (permalink)
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lrfsdad View Post
maybe check with ninja support on how the simulator fills. I've seen some platforms where you pick a percentage of the book filling in order to fill you. maybe they have customized setting. I've noticed on ninja, that you don't get filled unless everything is cleared out. Could be wrong on that, just an observation.

I'll definitely look into that. thanks!

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  #17 (permalink)
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kevinkdog View Post
There is Commission + Exchange Fee + NFA Fee. It is per contract.

Roughly, it is $4-5 per round turn per contract.

So, if you trade 2 contracts:

Gross Profit = $25
Commission = -($10)

= Net Profit $15



If you lease an exchange seat and do enough volume, you can eliminate or reduce the exchange fee.

For apples to apples, ask brokers their "all in" rate including exchnage and NFA fees.

Also, don't forget any platform fee, if applicable.

Little better than that. 1.91 per side includes everything . $25 - 7.64 = $17.36 I can live with that. Just starting out I don't want to blow out an account. So 2 contracts ($17+) I figure is good risk management to start. Thanks again!

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  #18 (permalink)
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donovanshane View Post
Little better than that. 1.91 per side includes everything . $25 - 7.64 = $17.36 I can live with that. Just starting out I don't want to blow out an account. So 2 contracts ($17+) I figure is good risk management to start. Thanks again!

Looks good but... remember it's $17.36 when you win a tick with 2 contracts and it's $32.64 when you lose a tick with 2 contracts. With a $12.50 per tick product and scalping for a tick, commissions are substantial. Good luck.

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  #19 (permalink)
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Keep in mind that the type of scalping you're talking about puts you firmly in the realm of competing with HFT's. These are the automatic computer algorithms that respond in nano-seconds, are collocated on the exchanges, have techniques for getting in front of you in the queue, spoofing, pushing the market by a tick, and all the other fun and games that happens down at that level.

Personally I would have no interest in trying to compete in that realm using discretion and slow human reflexes.

With that said, well done with your sim trading so far. But be very careful when you decide to go live. The commisions as mentioned are going to eat up +-30-40% of your profits. And the algo's will likely beat you out of the rest over a period of time.

Good luck.

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  #20 (permalink)
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DarkPoolTrading View Post
Keep in mind that the type of scalping you're talking about puts you firmly in the realm of competing with HFT's. These are the automatic computer algorithms that respond in nano-seconds, are collocated on the exchanges, have techniques for getting in front of you in the queue, spoofing, pushing the market by a tick, and all the other fun and games that happens down at that level.

Personally I would have no interest in trying to compete in that realm using discretion and slow human reflexes.

With that said, well done with your sim trading so far. But be very careful when you decide to go live. The commisions as mentioned are going to eat up +-30-40% of your profits. And the algo's will likely beat you out of the rest over a period of time.

Good luck.

Thats a very good point. I do use some of Al Brooks strategy (The micro trend line breaks, L1), Oh I forgot to add I also look for any bull or bear flags. There was a great bull flag yesterday that was breaking out, but instead of riding the trend, I scalped it all the way up 1 tick at a time. Is this OK? Or would it have been better to just ride the tend? The reason I chose the scalping strategy is I am trading with a $5K account (when I fund). With $400 intraday margin, risking 1 tick, I'm only really risking $25 at a time. I only keep the trade on for a few minutes. Risk mangment was my number one concern.

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