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How to trade Emicro instead of Emini with NT


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How to trade Emicro instead of Emini with NT

  #1 (permalink)
 Rubygirl 
tamworth
 
Experience: Beginner
Platform: Ninjatrader
Trading: emini
Posts: 8 since Jan 2016
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Hi Guys

Im using NT and using Continuum as data feed, can anyone tell me how to trade Micro S&P instead of emini as im new and want to start with smaller lots?

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  #3 (permalink)
 
TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
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In a nutshell, you would have two charts. One would follow the mini contract and one would follow the micro. You'd do your analysis/whatever you do to make decisions on the mini but take your trades on the micro contract. They follow each other almost exactly but the micro has far less liquidity so there will be gaps in the prints. You would probably also have to make extensive use of limit orders due to the liquidity issue as well. You can get slipped a lot using stops and market orders on the micro.

@tturner86 had a pretty extensive journal trading the m6e micro euro.

Check out his journal here :

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  #4 (permalink)
 Rubygirl 
tamworth
 
Experience: Beginner
Platform: Ninjatrader
Trading: emini
Posts: 8 since Jan 2016
Thanks Given: 10
Thanks Received: 4


TheShrike View Post
In a nutshell, you would have two charts. One would follow the mini contract and one would follow the micro. You'd do your analysis/whatever you do to make decisions on the mini but take your trades on the micro contract. They follow each other almost exactly but the micro has far less liquidity so there will be gaps in the prints. You would probably also have to make extensive use of limit orders due to the liquidity issue as well. You can get slipped a lot using stops and market orders on the micro.

@tturner86 had a pretty extensive journal trading the m63 micro euro.

Check out his journal here :

Thanks for this, i cant actually find the micro in the instrument list ???

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TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
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Trading: Fops
Posts: 533 since Jun 2012
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M6E is the micro Euro and MGC is micro gold. Those I believe are the most liquid. There isn't a micro S&P yet but supposedly it's "coming". I think I recently saw a thread in the forums mentioning the S&P micro recently.

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  #6 (permalink)
 Rubygirl 
tamworth
 
Experience: Beginner
Platform: Ninjatrader
Trading: emini
Posts: 8 since Jan 2016
Thanks Given: 10
Thanks Received: 4


TheShrike View Post
M6E is the micro Euro and MGC is micro gold. Those I believe are the most liquid. There isn't a micro S&P yet but supposedly it's "coming".

Just figured it out as you replied !!! thank you so much for your time and direction

Many Thanks !!

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TheShrike's Avatar
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: Fops
Posts: 533 since Jun 2012
Thanks Given: 1,588
Thanks Received: 922

No, problem! That's what we try to do here.

Also, if you have general trading questions there is an excellent thread :


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Last Updated on February 12, 2016


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