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Trading futures over 5G network


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Trading futures over 5G network

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  #1 (permalink)
Contango39
London UK
 
 
Posts: 4 since Aug 2020
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Hi all,
Is it stupid to trade futures (specifically commodity futures MCL) over 5G?
I want to buy a camper van and do some travelling and take my trading with me. However, due to the risk evolved (leverage) I am just a bit apprehensive should anything go wrong. I guess the obvious thing to do would be to have a backup device on a different network,and a direct phone number to my broker, but what if the cell towers go down in the area I happen to be in. And possibly no landline near by when one needed.

Just writing this now seem like it should be a no no, but wondering if anyone does this and/or knows of a better way. Unless its trade at home connected to the fiber broadband, and save travelling for weekends and holidays lol.

TIA

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  #2 (permalink)
 kevinkdog   is a Vendor
 
 
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It seems like you have answered your own question. Trading is difficult enough even with 99.9% reliable infrastructure. You can bet you will likely have issues at absolute worst time.

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  #3 (permalink)
 Nasdaq1517 
Honolulu Hawaii
 
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I think the type of trading matters also … retail traders have no edge with speed so realistically 5G vs Broadband won’t make much difference (unless you are a hyper scalper) I have traded the 5 minute chart with mobile hotspot (ninja trader) many times with no issue


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  #4 (permalink)
 casey44 
Flagstaff AZ/USA
 
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@Contango39 , Might look at facebook group “Internet for Rvers & Cruisers”. The folks who run that site are very savvy, as well as some members, and you might find users in England there too if you post a question. That site is free.

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  #5 (permalink)
Contango39
London UK
 
 
Posts: 4 since Aug 2020
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Thanks for the replies guys....

I will check out that fb group later, thanks.

With regards to trading time frame, I am more at the 60min time frame than scalping. I have tried scalping in my early days and was absolutely shite, I didnt know my arse from my elbow lol. Having said that, over the last 12 months I have been trading sports markets, using betfair software to trade order flow. I dont think its available in the US (yet), but the pre off horses in particular is what I consider to be like trading a 1sec tick chart, but on ladders, absolutely crazy trading psychology like that. Needless to say I am pretty much flat for the year, and mentally burt out.

Firing up MT5 again a few weeks ago just to jump on the sim and see if I have forgotten where I was upto with my futures trading, even the 1min chart felt like it was in slow motion, twiddling my thumbs waiting for confirmation in the 5min, so was thinking maybe the last 12 months haven't been a waste afterall lol.

However, trading sports there is no leverage, so your max risk is your account balance, not even that if staking correctly. So in terms of worry about lost connections etc. over a mobile network there's not much need to panic. I was using 4G myself last year and did lose connection momentarily, which cost me £420 in about 10seconds which was a bit of a sting. But changed over to Vodafone to get 4G+ (80-100+mbps) and have had no problems thus far. But when you're talking about futures, even micros, thats a whole other ball game isnt it. I always use stops, but I dont have much experience with micro CL's as these are pretty new, so I dont know if due to the lower cost you get bigger players pushing prices around a bit, although as its pegged to the main CL contract price I guess any manipulation at the micro level would be limited. Manipulation in sports markets is rife!

Thanks for the advice, I will go forward with caution I think.

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  #6 (permalink)
 SomePsychoDude 
Genova.Italy
 
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There is Starlink over there if you need a fast connection and connection anywhere (almost) in the world.
Just install the Starlink kit on your camper and you're good to go.
https://www.starlink.com/rv

I regularly trade with a normal 4-5g connection, no problems at all.

The ultimate setup for nomad trader is Starlink + best 5g provider in the place where you intend to be.
Make sure you keep both to prevent risks. But, if you'll use only Starlink and if something happens, there is always hard stop-loss order in place.

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  #7 (permalink)
Contango39
London UK
 
 
Posts: 4 since Aug 2020
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SomePsychoDude View Post
There is Starlink over there if you need a fast connection and connection anywhere (almost) in the world.
Just install the Starlink kit on your camper and you're good to go.

This is brilliant 😎👍🏻👍🏻👍🏻

Is it Elon Musks thing? I know he was giving people in Ukraine/Russia ways to still access the internet at the start of the war.

Either way, I love solutions that just bypass all the obstacles... Boom! Sorted! 😆👍🏻

Thanks

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  #8 (permalink)
 DavidHP 
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I've used 5G to supplement my connection.
It is good to have a 'backup' connection if the 99.9% connection fails.

If I must use 5G to manage a trade, I have no problem doing that but I suggest you check the speed of the connection.

I have both of the major 5G providers in the US and Verizon had 40MBPS and TMoble 300MBPS at the same location so all 5G networks are not the same nor are they always consistent.

I don't think relying on 5G as a primary connection is the best option but if you do, always have a stop in place on the exchange to protect your trade.

(I use stops no matter what type of connection)

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