Sounds like your broker can only execute market orders for you. $300 for 10 lots is a poor show. If you hadn't turned off your PM I could have given you a contact.... AM
all you guys who have successful trading systems for NG, which months do you trade? I mean how far ahead, which futures, plus how many months? thanks
since there has been so much talk about natural gas lately, i was curious to see how my model would have performed. the last time i checked stats was 7/19 (my previous post). Rest of July: -3050 August: -3500 + a trade which shorted on 8/28 and is still open (pnl should be around 15k as of last friday) so total pnl is around 8K. again, this is assuming $500 slippage plus commission. too bad i can't trade this.
jason, There is alot of noise in the front month - as with most commodity markets. I generally trade the second to front month. bolter
m4a1, Yes a decent move lately. My model got short 31/8 - unrealised P&L of about $22k per contract in the curent trade. all the best, bolter
m4a1, I use a standard allowance across all markets for end-of-day trading of 3.5% of the daily range. But my experience is that markets which have extended electronic trading you can work the order yourself and eliminate slippage altogether. bolter
is this per side or rt? 40 was saying earlier that it's around $300 rt, so that would be near your 3.5% figure.