Anyone daytrading palladium (PA) futures?
- Thread starter schizo
- Start date
It obviously depends on how you trade. Spreads are a problem if you need immediate fills and take liquidity from the order book. But spreads can make you money if you keep an order at just the right place on the order book, although this isn't easy to do these days and requires a great algorithm and automated trading.
The question should be: Are you making money trading palladium? Don't let slippage or anything else make your decision for you.
The question should be: Are you making money trading palladium? Don't let slippage or anything else make your decision for you.
Are the spreads exchange traded spreads or do you have to enter both legs yourself
As I've tested my algo on various instruments, PA yielded the highest profit margin. But when I saw how illiquid it was, it wasn't very appealing, especially considering that my system is based solely on market orders. For it to work, the order needs to be filled almost immediately. But with such a wide spread, not sure if it's feasible.
CannonTrading_Ilan
Sponsor
Extremely dangerous market period, not just for day trading but in general. Must have VERY deep pockets but look at volume on the 5 minutes chart on a move that was $4800 in 15 minutes....Expect slippage, expect inability to get in and out at prices you think....
On paper/ chart looks like an attractive market but not the case in my humble opinion.
On paper/ chart looks like an attractive market but not the case in my humble opinion.