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Is making money by trading FDAX that easy?
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Is making money by trading FDAX that easy?

  #11 (permalink)
Market Wizard
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I am guessing you didn't make 15K in a week trading a one lot.
Playing sim trading 'computer games', with large numbers of contracts that one isn't, presumably, going to be able to trade live, unless starting straight off with a very large account; is just a waste of time.

Have another go trading a number of contracts you could afford to start with live based on the size of the available account and risk tolerance you have. Ideally a one lot. Then if that works open an account and accept the amount you are prepared to risk and give it a go.

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  #12 (permalink)
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Markkjosh View Post
I am sim trading with NinjaTrader, and I make huge profits trading FDAX that it is almost to good to be true. I started with $1k sim account and i was able to grow it to $15k in just a week with 82% winning trades. Would that be possible in real life? Or the market feeds of simulation are unrealistic?

Have you looked at mini dax?
one tick = EUR 5.
Round turn 2.03 (Ninja)
Lower intraday and maintenance margins
Also it doesn't shred levels like that crazy DAX on which you need a large account, steel resolve, and a very well practised trading approach.

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  #13 (permalink)
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Grantx View Post
Have you looked at mini dax?
one tick = EUR 5.
Round turn 2.03 (Ninja)
Lower intraday and maintenance margins
Also it doesn't shred levels like that crazy DAX on which you need a large account, steel resolve, and a very well practised trading approach.

The "MiniDax" is just with the multiplier of 5 € per point as the normal Dax Future is 25 pts.
In fact the price is moving nearly exactly the same on both - so the Mini is not much less a beast as the big one
but only more light weighted. So one might make it 5 times longer...

GFIs1

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  #14 (permalink)
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Grantx View Post
Have you looked at mini dax?

one tick = EUR 5.

Round turn 2.03 (Ninja)

Lower intraday and maintenance margins

Also it doesn't shred levels like that crazy DAX on which you need a large account, steel resolve, and a very well practised trading approach.



Grant, can you expand on dax shredding levels please, not sure what you mean?


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  #15 (permalink)
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rassi View Post
Grant, can you expand on dax shredding levels please, not sure what you mean?


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I signed up this week for access to Eurex and was having a look at fesx, fdxm, fdax, and fgbl. I was looking at the order book to see 'thickness' and the levels on fdax were getting cleared out real quickly...too quick for me. When I looked there were 10 or less resting orders per level.

So at EUR 12.50 per tick, where 4 levels can be cleared out in seconds, I can snap my fingers and Im down EUR50 on a single contract. When its that slippery how far out do I need to get my stop to get away from the noise? 30 ticks? I dont trade with fixed stop amounts I work off market structure so Id imagine at times my stop would need to be further out than 30 ticks.

At a minimum:
30 tick stop x 3 contracts @ 12.5 = EUR1,125.

Too big for me because I always take into account what my mental state would be with 10 losses in a row. That worst case scenario would put me behind by EUR11,250 which would take a while to get over emotionally and mentally. Id rather be down EUR5.625 on the mini because I know I can deal with it and pull myself together . Ive been in in the hole -£20k before in forex so I know how emotionally traumatic it can be and how long it takes to recover the senses (I was fu**** for weeks after that session ).

Hope that makes sense.

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GFIs1 View Post
So one might make it 5 times longer...
GFIs1

Perfect! Im in this for the long run. I dont have your experience and I am most certainly not going to fool myself into thinking that I can replicate your success on DAX. I wish I could take one trade a day and live comfortably but not yet, maybe one day

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  #17 (permalink)
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IMHO, another great thing about the Mini (besides the lower margin and Euro per tick), is that since the Mini is 1 tick = 1 point and the Full Dax is 1 tick = .5 point, it cuts the movement/speed in half (and I REALLY need that for this instrument).

Not trading it yet, but looking at it to be a contender (I will have to go live in the early AM Eastern US time, since I have a day job, if I ever get this stuff down ).

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  #18 (permalink)
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The Dax is a GREAT market to make money on, but as people on here have mentioned it moves pretty damn fast sometimes. I trade both the mini and full contract (depending on how big my SL needs to be).

One of the advantages that is has against 'thicker' markets is that there is hardly any algo activity in comparison to something like the bund, which will stutter along collecting contracts on all sides for ages before making a move, and (in my case anyway) tricking you out of a position as it hasn't taken off in the way you expected. You want a volatile market, and the Dax is most certainly volatile.

One thing you need to be aware of, and as I don't know your entry criteria it's hard to judge, is that the mini dax has a bigger spread. FDAX is 0.5 to 1 pip, the mini is 1-2 pips. If you're taking short term trades with tight stops then this increase in spread will kill you, same as if you're taking profits for 10 point setc. That extra point will hurt. A lot.

Either way, if you are starting out on the Dax I would still start with the mini as it's a great training ground and you won't lose your shirt. Trading with 25 euros a point can be a bit concerning after all.

In regards to the Dax 'clearing out' levels, it does tend to do this with alarming regularity. However, when you understand why it's happening and get used to it (usually because trapped traders are triggering stops to exit their losing positions and price spikes as a result in a market where there are tends rather than hundreds of orders waiting on the other side) then it's nothing to get too scared about!

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  #19 (permalink)
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Keab View Post
The Dax is a GREAT market to make money on, but as people on here have mentioned it moves pretty damn fast sometimes. I trade both the mini and full contract (depending on how big my SL needs to be).

One of the advantages that is has against 'thicker' markets is that there is hardly any algo activity in comparison to something like the bund, which will stutter along collecting contracts on all sides for ages before making a move, and (in my case anyway) tricking you out of a position as it hasn't taken off in the way you expected. You want a volatile market, and the Dax is most certainly volatile.

One thing you need to be aware of, and as I don't know your entry criteria it's hard to judge, is that the mini dax has a bigger spread. FDAX is 0.5 to 1 pip, the mini is 1-2 pips. If you're taking short term trades with tight stops then this increase in spread will kill you, same as if you're taking profits for 10 point setc. That extra point will hurt. A lot.

Either way, if you are starting out on the Dax I would still start with the mini as it's a great training ground and you won't lose your shirt. Trading with 25 euros a point can be a bit concerning after all.

In regards to the Dax 'clearing out' levels, it does tend to do this with alarming regularity. However, when you understand why it's happening and get used to it (usually because trapped traders are triggering stops to exit their losing positions and price spikes as a result in a market where there are tends rather than hundreds of orders waiting on the other side) then it's nothing to get too scared about!

Thanks for the input @Keab - ive not seen anyone trading the DAX, certainly not successfully. However its an interesting instrument so may i ask - and please feel free to decline answering if you prefer but; do you trade it successfully? If so, for how long has this been the case? and do you experience stability in the way she trades over time or does she cycle a lot/change moods and modus? I'd also be curious about what you look at, based on what you wrote i get a feeling you might be looking at her through a DOM?

Cheers,
Daniel

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Last edited by danielk; August 18th, 2017 at 02:55 PM.
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  #20 (permalink)
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FDAX


This FDAX trader claims no loosing days in FDAX trading for the lust 2 years . Was following him for year and its looks true .https://www.youtube.com/channel/UCbD0Mp_K0eyLos76qk_dfZw

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