Earn 2 Trade the gauntlet

quote from comagnum....

its avg daily price range is two fold of the ES with trading costs less than half. The cost is assuming you lose a tick on the entry, which is the norm. The NQ $5 tick makes trade costs lower compared to the $12.50 ES tick.


Illini Trader said:
ES is definitely where the volume is but I am starting to believe than the NASDAQ trades smoother. When I restart my Guantlet I am thinking of only trading the NQ
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ElectricSavant said:
its avg daily price range is two fold of the ES with trading costs less than half. The cost is assuming you lose a tick on the entry, which is the norm. The NQ $5 tick makes trade costs lower compared the the $12.50 ES tick.
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I had not really thought of it in that way but it makes sense. The bottom line is that opportunity is there and if a trader can consistently just average 5 net NQ points a day per contract, success is there. Trading 240 days that is $24,000 per year per contract.
 
Illini Trader said:
Ryan, What is the Gauntlet commission rate for the micros if a person committed to only trading MNQ, MES and/or MYM?
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i asked E2T customer support about this and they said if you want to trade the micros in the gauntlet, you can opt-out of the default $4.44/RT fee and pay separate fees according to this: https://help.earn2trade.com/en/arti...e-at-helios-or-on-the-live-simulation-account

so for example, the RT cost for trading 1 contratc of MNQ would be:

FCM commissions: $1.50
+
Rithmic Fee: $0.50
+
NFA Fee: $0.04
+
Exchange Fees: $0.40

= $2.44/RT

which is an absolute joke. i couldn't tell if they were being serious at first.

note, this would also be the fee you would be paying to trade the micros in the live, helios account.

i pay $0.78/RT for MES/MNQ/MYM with AMP futures. $0.78/RT!

you're basically paying 3x more if you trade the micros in either the gauntlet or the live helios account.
 
canoe said:
i asked E2T customer support about this and they said if you want to trade the micros in the gauntlet, you can opt-out of the default $4.44/RT fee and pay separate fees according to this: https://help.earn2trade.com/en/arti...e-at-helios-or-on-the-live-simulation-account

so for example, the RT cost for trading 1 contratc of MNQ would be:

FCM commissions: $1.50
+
Rithmic Fee: $0.50
+
NFA Fee: $0.04
+
Exchange Fees: $0.40

= $2.44/RT

which is an absolute joke. i couldn't tell if they were being serious at first.

note, this would also be the fee you would be paying to trade the micros in the live, helios account.

i pay $0.78/RT for MES/MNQ/MYM with AMP futures. $0.78/RT!

you're basically paying 3x more if you trade the micros in either the gauntlet or the live helios account.
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Thanks for the info. It sounds like you are trading the Micros on AMP so how are the spreads and fills on MNQ and MES? Is there just a 1 tick spread like the large contracts?
 
Illini Trader said:
Thanks for the info. It sounds like you are trading the Micros on AMP so how are the spreads and fills on MNQ and MES? Is there just a 1 tick spread like the large contracts?
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yes, spreads on the micros are surprisingly tight. MES is always a 1-tick spread and MNQ flutters between 1 and 2 tick spreads.

spreads and fills are so good on the micros i was really pleasantly surprised. the only thing you need to worry about the micros (besides the trading part) is the commissions you're paying to trade them.

if you're paying ANYTHING over $0.50/side or $1/RT, you're being ripped off. and you should care a ton about commissions when trading the micros, more than with any other product since the per-side fee as a % of the tick value is obviously much much higher with these small-sized products.

i would highly discourage anyone from trading the micros in the gauntlet or with helios under the current commission structure.
 
canoe said:
yes, spreads on the micros are surprisingly tight. MES is always a 1-tick spread and MNQ flutters between 1 and 2 tick spreads.

spreads and fills are so good on the micros i was really pleasantly surprised. the only thing you need to worry about the micros (besides the trading part) is the commissions you're paying to trade them.

if you're paying ANYTHING over $0.50/side or $1/RT, you're being ripped off. and you should care a ton about commissions when trading the micros, more than with any other product since the per-side fee as a % of the tick value is obviously much much higher with these small-sized products.

i would highly discourage anyone from trading the micros in the gauntlet or with helios under the current commission structure.
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Again thanks for the experiential information. I must be living in a cave because I had not heard of these micro contracts until ES mentioned in this thread a few posts ago. Thanks ES! When were they introduced?
 
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