Hi cunparis, 6E trades around 300,000 contracts per day so I would guess that 5 percent of that (2.5 percent each side) is a safe limit before you start running into liquidity and fill issues.
Any reason not to trade 6E over EURUSD?
- Thread starter davewolfs
- Start date
Hi cunparis, 6E trades around 300,000 contracts per day so I would guess that 5 percent of that (2.5 percent each side) is a safe limit before you start running into liquidity and fill issues.
I enter on a stop market around swing highs & lows, would that change anything? I'd think it'd add to slippage cause price often breaks out quickly.
I'm currently trading 6E on simulator so I really have no idea if I'll get slippage. If it's only 1 tick that's ok.
I read about forex traders complaining of 5 pip spreads. I think 6E is a better choice for me.
Good point - 0.25 percent (750 contracts) sounds much more reasonable.
10 contracts shouldn't be a problem for any liquid futures contract including 6E.
Have a look at the orderbook yourself:
http://equivalentswdc.cme.com:443/index.html
Free registration might be required. There is sometimes less than 10 at the best bid/offer. Something insane like 700 contracts sweeps the book.
http://equivalentswdc.cme.com:443/index.html
Free registration might be required. There is sometimes less than 10 at the best bid/offer. Something insane like 700 contracts sweeps the book.
Don't know what order book is but I'm looking at the DOM. Right now there is around 30 at bid & ask. A few minutes 13 at ask. So I'm betting 10 contracts during a low volume time like lunch would give 1 tick slippage. 1 tick above ask is 67 even right now during the lunch break. So it seems < 50 contracts would not have more than 1 tick slippage.
I'm not so sure what the DOM looks like during the london session. I'll check that out tomorrow.
Thanks guys!
For forex I'm worried about the spread. I see some quote a spread of 0.8 for Euro. But in reality I hear people complaining about spreads of 2-3 pips. that's way too much.
With futures the spread is 1 pip.
I don't use all my leverage so that'll never be a problem. Not sure for rollover interest, I daytrade so I think this isn't an issue.