Es profit on 1/4 point can it be done? Part II
- Thread starter saxon22
- Start date
You are NOT GOING TO GET CREDITS...YOU ARE GOING TO PAY FOR COMMISH... YOU WILL NOT GET FILLED ON THE(BID ASK)AND be filled right away on the other side
do you get credits for adding liquidity to anything other than some stock exchanges? futures? options?
No only with ECN ( stocks)... But i was trying to GUIDE OUR FRIEND by keeping him away from the quarter point formula . It seems very tight , considering the bid ask spread and the risk reward factor without counting the commish.
Saxon:
Sorry to disappoint you, but it seems that your spreadsheet doesn't include commissions and the more important point: in my live trading I don't see often my limits being filled immediately and on the bid price (assuming a buy). I trade NQ but don't think ES is much different.
Of course if I'm wrong and it happens more often than not, good for you.
Sorry to disappoint you, but it seems that your spreadsheet doesn't include commissions and the more important point: in my live trading I don't see often my limits being filled immediately and on the bid price (assuming a buy). I trade NQ but don't think ES is much different.
Of course if I'm wrong and it happens more often than not, good for you.
Quote from CFerret:
Saxon:
Sorry to disappoint you, but it seems that your spreadsheet doesn't include commissions and the more important point: in my live trading I don't see often my limits being filled immediately and on the bid price (assuming a buy). I trade NQ but don't think ES is much different.
Of course if I'm wrong and it happens more often than not, good for you.
Cferret good point specially on the NQ ... very slippery
Hi Saxon22,
I spent the month of December last year using the OeC Sim to test out a scalping Strategy.
Given your description above mine seems v. similar to yours. i.e. take a quarter point using lmt orders.
I made outstanding returns on the Sim even taking into account commissions and the occasional loss. So far so good...
Then I placed my first real trade using said strategy.
It took me no more than a few minutes to figure out that the OeC Sim is totally misleading in terms of speed of fills (queue management simulation) in relation to the live ES e-mini market - NO SIMILARITY WHATSOEVER. In the live market you join the queue and can wait literally minutes...rather than the seconds you are used to in the OEC Sim.
By all means give it a go - but I suggest you try first with 1 contract not 100. Better still try a more realistic simulator first as others have suggested.
Best of luck with you scalping strategy.
JAR
I spent the month of December last year using the OeC Sim to test out a scalping Strategy.
Given your description above mine seems v. similar to yours. i.e. take a quarter point using lmt orders.
I made outstanding returns on the Sim even taking into account commissions and the occasional loss. So far so good...
Then I placed my first real trade using said strategy.
It took me no more than a few minutes to figure out that the OeC Sim is totally misleading in terms of speed of fills (queue management simulation) in relation to the live ES e-mini market - NO SIMILARITY WHATSOEVER. In the live market you join the queue and can wait literally minutes...rather than the seconds you are used to in the OEC Sim.
By all means give it a go - but I suggest you try first with 1 contract not 100. Better still try a more realistic simulator first as others have suggested.
Best of luck with you scalping strategy.
JAR