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How bad does the spread hurt in eminis?
- Thread starter schulzey
- Start date
Quote from schulzey:
Between not getting some orders even filled, and a tick difference on sells, buys, and breakevens I think it will make a substantial difference on my bottom line. I'm starting to realize that the demo doesn't really show what it's going to be like at all unless you're trading intermediate term where the spread makes less of an impact.
When I paper-traded ES using thinkorswim's platform, I got great fills too. Interactive Brokers' demo account gave more realistic results.
I did not notice any difference between my fill prices on the simulator on Ninja and my real account with Interactive Brokers.
ES is generally very liquid, so I do not think you will get any major surprises when you go live. With less liquid markets, you may notice more of a difference.
ES is generally very liquid, so I do not think you will get any major surprises when you go live. With less liquid markets, you may notice more of a difference.
Quote from schulzey:
So just for the record, when you buy at bid or sell at ask, your orders never get filled unless it goes a tick above or below your asking price?
Is there some reason why an order wouldn't fill on a priority basis if you put in a buy at the bid or sell at the ask without the price level changing?
Those perfectly timed trades are very hard to do...
But sometimes they can be managed here and there. I have had a few here and there where I managed to get a fill at the bid or ask without price going a single tick against me...
You gotta be in front of the line at the proper exact price level for the turn... Very hard to pull off more than a few times a month.
But sometimes they can be managed here and there. I have had a few here and there where I managed to get a fill at the bid or ask without price going a single tick against me...
You gotta be in front of the line at the proper exact price level for the turn... Very hard to pull off more than a few times a month.
Quote from Laissez Faire:
I did not notice any difference between my fill prices on the simulator on Ninja and my real account with Interactive Brokers.
ES is generally very liquid, so I do not think you will get any major surprises when you go live. With less liquid markets, you may notice more of a difference.
Does your simulator fill your orders at the bid and ask price or at the last quoted price?
I was practicing very short term and doing great until I realized that my fills were all at last price instead of the bid or ask.
Hi,
I am a newbie with ES and wanted to get a better sense on estimating slippage. Reading this thread it seems one can assume 1/4 point for each trade and 1/2 for RT.
For how many contracts does this hold? It this per contract?
I am a newbie with ES and wanted to get a better sense on estimating slippage. Reading this thread it seems one can assume 1/4 point for each trade and 1/2 for RT.
For how many contracts does this hold? It this per contract?