so, you trade 2 DAX contracts at a time per trade?...do you use market or limit orders????...what are the time duration per trades?...1,5,10 minutes?...longer?
I have really come to love the DAX. I started on the mini dow but it is so wild much like the mini nQ and es. The ftse is where I cut my teeth but it doesn't have the movement of the DAX most of the time. I use a long/short MA crossover method to catch intra day moves. It works pretty well for me (200+ points this morning 10/24). Do any of you ever see the DAX becoming as "unstable" as the US stock futures?
Typical in high volatility markets as we currently are experiencing. If you look at the DOM you will see it is VERY thin most of the time - very few contracted bid or offered at each price level. Just a few contracts traded can empty the book at a couple of price levels, which has the effect of widening the spread.
You may want to compare the charts of the Eurex DAX futures with the U.S. Emini futures. Simply, if you consider one unstable than the other is unstable. Yet, you haven't defined your use of the word unstable. Mark
It is not the cost, which I agree is not big at all. It is the fact that the trades are getting exposed. But no one should judge something before he actually sees how it works. I agree it is interesting what you are doing. Do you mind sending me PM with details for trial? Thanks, redduke
I trade with working limit order. It is really a market order but if the market jumps too far when I try to enter the trade the limit level on MD is the max I want to get in at. The trade duration could be from seconds to 10 min+ (this is very rare though). I trail the trade as long as it move in my favor.
just a visual glance at the movement of say the mini dow to the DAX will show you that the DAX moves much slower. Also good luck trying to get a price close to your stop on the mini dow, es, or nq. I guess I should have said the speed/volume of those markets vs the DAX instead of instability.
Is it really this bad on US futures. I only trade DAX, but ES book is still pretty deep. Do you really get a lot of slippage on ES?
It is pretty darn near impossible to trade the mini dow or nq with a stop imho last time time I traded the mini dow 2 weeks ago I had a position down 30+ points reverse to plus 80+ in little more than a minute. It was insane. You don't see that hardly ever on the DAX or FTSE