 |
EON Kid
Registered: May 2009
Posts: 3611 |
06-19-12 06:35 PM
Quote from Dan37a:
For background, I'm coming from the world of Forex, and my experience has consistently been I get filled with little or no slippage. Frequently, I am filled with no spread from the bid-ask midpoint price. I use an automated system so there's never any "point and click" delay.
I only use market orders. I hope that, to give an example, if I put an order to sell crude oil when the market is at 84.25 that I won't be filled any worse than 84.24. Naturally, I'm not talking about flash crash or weekly report situations, just normal day-trading activity.
Thanks for all the responses.
on a few contracts & 95% of the time yes, 4% an extra tic, however you'll pay a few or more ticks if your stop market order is at a clear break out level ie at HOD or LOD or during the EIA Petroleum Status Report released at 10:30 AM Wed
|
| |
|
Edit/Delete • Quote • Complain |
spanish89
Registered: Aug 2008
Posts: 3503 |
06-28-12 04:46 PM
You are complaining about 1tick spread??!   LOL
I pay 8ticks spread for wti,
and used to pay 12ticks spread when trading crude in 2008/9.
SO if you cant handle 1tick you need to develop an actual trading stratergy, not just a ''mathematical betting system''.
|
| |
|
Edit/Delete • Quote • Complain |
ignl
Registered: Sep 2011
Posts: 24 |
06-28-12 05:45 PM
I use xtrader and set limit order as default order type, and if I want to enter market immediately just hit bid/offer, and if i want to wait - I put limit order. I see no problem there you can choose right on the field if you want provide liquidity or take it 
|
| |
|
Edit/Delete • Quote • Complain |
bone
ET Sponsor
Registered: Apr 2002
Posts: 4317 |
06-29-12 02:33 PM
Looking at the August Crude Oil futures order book at the moment - it seems to be always one tic wide; two tics for a fraction of a second during market movements. The Euro currency future and the Japanese Yen future are usually one tic wide.
Given the fact that Crude Oil has a 20 day historical volatility of 33 %, the Euro's vol is 11 %, and the Yen's vol is 8 % - I think that slippage is acceptable. Besides, it is what it is and you are not going to change it.
No rational person is trading for a tic in a market with 33 % vol and an average 20 day trading range of 277 tics. As of 8:33 am Central time, the CL already has a 383 tic trading range for the day.
__________________
Spread, Relative Value, and Correlation Trading Instruction from a Professional Trader. The only thing that matters are Clients making money IN LIVE MARKETS. Why not interview my clients for yourself on an independent basis. My typical client is an outright directional trader looking to pick up an industry-recognized specialty technique. http://www.spreadprofessor.com
|
| |
|
Edit/Delete • Quote • Complain |
ocean5
Registered: Feb 2012
Posts: 934 |
06-29-12 03:53 PM
Quote from bone:
No rational person is trading for a tic in a market with 33 % vol and an average 20 day trading range of 277 tics. As of 8:33 am Central time, the CL already has a 383 tic trading range for the day.
Maybe,but better be trained to take ticks anytime you wish,then to make forecasts.
|
| |
|
Edit/Delete • Quote • Complain |
bone
ET Sponsor
Registered: Apr 2002
Posts: 4317 |
06-29-12 04:48 PM
Quote from ocean5:
Maybe,but better be trained to take ticks anytime you wish,then to make forecasts.
Sure, that works just as long as the losers you take anytime you wish are no bigger than the winners you take anytime you wish.
__________________
Spread, Relative Value, and Correlation Trading Instruction from a Professional Trader. The only thing that matters are Clients making money IN LIVE MARKETS. Why not interview my clients for yourself on an independent basis. My typical client is an outright directional trader looking to pick up an industry-recognized specialty technique. http://www.spreadprofessor.com
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
