Higher fees from the CME group coming in February. Oh well...

[NoahA]

Doing some math here for AMP on MNQ

RIght now we're paying .94 (.47 a side)

Shit... at IB I am paying 0.57 for MES and MNQ, and this is before it goes up

 

[rb7]

Doing some math here for AMP on MNQ

RIght now we're paying .94 (.47 a side)

.3 exchange
.1 cqg
.02 nfa
.05 amp clearing

0.5 tick value, it takes 1.88 or 2 ticks to b/e on top of spread

with the updated cost (assuming all remain the same)

.35 exchange will increase it to .52 per side or 1.04 RT

Now it will take 2.08 ticks or 3 ticks b/e on top of spread


It's important to know what that b/e point is since i have a b/e code as part of my algo...


fucking cme man

I've never realized how expensive it was to trade the micros.
2 ticks for the RT comm (without the spread)!!!!
So if you trade an average of 10 positions per day, that'll come out to 20 ticks!!!
It's pretty insane to trade micros in these conditions.

 

[M.W.]

There is virtually no way anyone breaks even on those contracts unless you invest at longer holding periods. They are pure gimmicks.

Doing some math here for AMP on MNQ

RIght now we're paying .94 (.47 a side)

.3 exchange
.1 cqg
.02 nfa
.05 amp clearing

0.5 tick value, it takes 1.88 or 2 ticks to b/e on top of spread

with the updated cost (assuming all remain the same)

.35 exchange will increase it to .52 per side or 1.04 RT

Now it will take 2.08 ticks or 3 ticks b/e on top of spread


It's important to know what that b/e point is since i have a b/e code as part of my algo...


fucking cme man

 

[Overnight]

There is virtually no way anyone breaks even on those contracts unless you invest at longer holding periods. They are pure gimmicks.

Sure there is. Just set your target higher than 2 ticks.

 

[hilmy83]

Sure there is. Just set your target higher than 2 ticks.

Damn I never thought of that. What's next? buy high sell low?

 

[semperfrosty]

Damn I never thought of that. What's next? buy high sell low?

haha hilmy finger hovering over that block button again! hahaha

 

[Overnight]

Damn I never thought of that. What's next? buy high sell low?

Yeah, that's the ticket! In fact, you can make yourself a binary option-style trader on the ES! Just buy or sell at a random time, and give the trade 30 minutes to work. Come hell or highwater, you just close it after 30 mins. PnL be damned! Whoop!