I scalp the ER2 contract. I am looking to spread ER2 against ES. I am curious if anyone has any ideas on the correct spread ratio.
ER2
tick=$10
point=$100
Average True Range(30 days)=13.5
ES
tick=$12.50
point=$50
Average True Range(30 days)=13.6
Am I correct in thinking 1(ER2)-2(ES) ratio is the correct spread ratio.
Any thoughts are greatly appreciated.
ER2
tick=$10
point=$100
Average True Range(30 days)=13.5
ES
tick=$12.50
point=$50
Average True Range(30 days)=13.6
Am I correct in thinking 1(ER2)-2(ES) ratio is the correct spread ratio.
Any thoughts are greatly appreciated.