HOME FORUMS BROKERS SOFTWARE BOOKS CONTACT US
Elite Trader Your Account  •  Become a Member  •  Help  •  Search    
    Forums ›› Currency Trading ›› Forex Trading ›› trade the E-micro EUR/USD M6E ?  


Post A Reply
    Page 1 of 7:   1  2  3  4  5  6  7  
Wallace
 

Registered: Aug 2003
Posts: 3022

 

04-17-12 06:30 PM

thinking this contract might be better than spot fx for Day-to-Days trading

specs: E-micro EUR/USD M6E CME/Globex 12,500 pip value: 0.0001 / $1.25
margin: overnight: $270.00 daytrade: $100.00
AMP rt comm: $1.99

Oanda margin: 12,500 EUR/USD @ 1.3150 leverage 50:1 = $328.75 margin
Oanda 'comm': spread @ $1.25 per pip

need to use Limit orders due to lower volume ?

e-micro eurusd m6e.png
This has been downloaded 136 time(s).

    Edit/Delete Quote Complain
JuniorCTA
 

Registered: Jul 2010
Posts: 335

 

04-17-12 07:02 PM

You can use market orders if you want to hit/lift bids or offers

    Edit/Delete Quote Complain
Jack_Larkin
 

Registered: Jun 2011
Posts: 492

 

04-18-12 04:07 AM

last I checked the micro contracts weren't liquid enough to even consider.. especially compared to spot.

They get a shot in the arm recently?

    Edit/Delete Quote Complain
southbeach4me
 

Registered: Jun 2009
Posts: 883

 

04-18-12 05:41 AM

M6E for trading is ok( but a lil risky) if you don't have the money for the larger 6E contract but I would only trade it at its most liquid between 3am- 3pm Eastern(NY Time)

* I highly suggest keeping a chart or DOM open for the 6E to compare the price difference to the M6E so you can keep an eye on disparities between the two when it comes to the last price quoted

    Edit/Delete Quote Complain
Wallace
 

Registered: Aug 2003
Posts: 3022

 

04-18-12 06:28 PM

I wasn't looking to daytrade the M6E, strictly DtDs trades so I wouldn't be too concerned
about the fill price. Oanda's the largest fx broker and yes the volume of trades they
process is higher especially in the quiet times, however I thought I could more easily
open a second account with AMP for what I wanted to do rather than go to all the
trouble of funding an Oanda account

wanted to add AMP's minimum account size is $500 for the free NinjaTrader with the
CQG feed; see also margins, contract specs etc: http://www.ampfutures.com/

attached are the 6E and M6E 1min charts side by side and you can see the much lower
volume of the M6E, and, a much lower quantity of price bars later in the session -
140 v 116 , and similar price formation but not exact price matching

6e v m6e.png
This has been downloaded 108 time(s).

    Edit/Delete Quote Complain
southbeach4me
 

Registered: Jun 2009
Posts: 883

 

04-18-12 06:55 PM

You are aware that the free Ninjatrader platform AMP is offering you is for charting and simulation only. If you want to use Ninja for live trading then you either have to lease it or buy a lifetime license.

    Edit/Delete Quote Complain
    Page 1 of 7:   1  2  3  4  5  6  7  
Post A Reply


Receive an email whenever a new post is added to this thread by subscribing to it.
 
Rate This Thread:

Forum Jump:
 

 

   Conduct Rules  -  Privacy Policy  -  Day Trader -  Day Trader Forum -  Best Trading Software -  Sitemap Copyright © 2013, Elite Trader. All rights reserved.    
 
WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Brokerage & Clearing
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider