NQ & ES liquidity

[maxinger]

NQ tick size is very very fine! no one is interested in NQ slippage.
(perhaps except for HFT).

CME should make tick size coarser.
currently one tick = 0.25 point
make it 1 tick = 1 point!

 

[7out]

I trade all the sessions.

Asian and Eur sessions are good as there is hardly any slippage.

Are you trading NQ or MNQ? And what quantities?

Ironically today during regular trading hours I had 1 NQ get skipped over and not filled on Stop Limit order of 1 tick.

 

[maxinger]

Are you trading NQ or MNQ? And what quantities?

Ironically today during regular trading hours I had 1 NQ get skipped over and not filled on Stop Limit order of 1 tick.

for NQ, I always use market order for order entry due to the reason explained earlier.
I am not a hedge fund manager/banker, so I don't trade in thousands of lots.

for other products, I might use a stop order or limit order for entry.

 

[7out]

There is no liquidity / slippage issue during Asian and European sessions.
Volume traded is low but NQ is still tradable during those sessions.

I trade all the sessions.

Asian and Eur sessions are good as there is hardly any slippage.

for NQ, I always use market order for order entry due to the reason explained earlier.
I am not a hedge fund manager/banker, so I don't trade in thousands of lots.

for other products, I might use a stop order or limit order for entry.

You don't make any sense, first you claim you see no slippage. Now you say you use market orders because of reasons explained?

lol, hedge fund. Try trading anything more than 3 contracts of NQ on off peak hours and you'll see slippage or trades missed due to stop limit getting jumped.

 

[maxinger]

You don't make any sense, first you claim you see no slippage. Now you say you use market orders because of reasons explained?

lol, hedge fund. Try trading anything more than 3 contracts of NQ on off peak hours and you'll see slippage or trades missed due to stop limit getting jumped.

OK. now I understand your point.
I define slippage very differently from other people.

Opening the position
If I can't get the STOP order price I want,
I don't call it slippage.
I call it TOO SLOW to enter the market, not slippage.


Closing the position
If I issue a stop order to close NQ,
but it closes it at a worse price,
I call it slippage.
Some people call it TOO SLOW to exit the market.

 

[deepfkvalue]

Trading on servers located close to your broker and exchange helps with fills and slippage. <1ms connections can make a big difference versus being in Europe/Asia/Australia and have >250ms latency. I'd recommend checking out www.ninjamobiletrader.com and www.speedytradingservers.com for servers. Obviously low latency is crucial for automated trading, but it also helps with discretionary chart trading... although <1ms might be overkill and <30 is fine too.

 

[murray t turtle]

ES trades 100 billion a day, roughly.

All these people worried about slippage have no idea what they are talking about. Maybe at 100 you will have a little.

Anyone who complains about slippage when trading something as liquid as ES is NOT a consistent trader.

A trader will not worry about such trivial things as the minute slippage in such a liquid market. If the miniscule amount of slippage is eating into your profits then you are not a good trader.

%%
Slippage \liquidity is not a problem with es.
Anything tech related , NQ for example, will average more slippage; but QQQ,qld will also average more slippage + more profits,[assume profitable plan] but QQQ,qld is plenty liquid except @ long term pivot points. I dont trade NQ or even qqq very muchfrquent.Got qqq paper charts going back to $30 bear charts/volume a bit better then,100 million[day volume]easy.

DONT be like that lady she says ''DONT tell me not to worry/ most everything i worried about, never happened !!!!!!'' LOL,
ES / tqqq,leverage is the worst to learn trading on , not because of slippage=when your're wrong\you got all you want..............................................................