Yes the dax does move slower compared to the mini dow but then the tick value of the dax is 25 euros which i think works out roughly to $30 a tick whereas the tick value of the mini dow is only $5.
No, tick value of the FDAX is 12.50 euro. This implies that you have less slippage on this contract compared to YM (and other US futures) when markets are tight (because $ value of FDAX is much higher).
great answer...It helps me understand...QUESTION for anyone: When I traded the DAX like 3-4 months ago I always used a market order to enter and exit. Has anyone used a market order lately and what has the slippage been?...1,2,3 points (full points and not ticks) or more???thanks!
Using market orders in the FDAX during the US daytime/afternoon is now really not a good idea. Spreads have been many points wide as of late. 3-5 points (6-10 ticks) isn't unheard of. I trade 2 FDAX, 10 FESX, 10-20 NQ and 10 ES using Xtrader Pro.
I trade from 2am est to about 7:30am est. It is quite insane but I have adjusted my sleep pattern as I work a full time job for the time being. I come back you to trade the US markets during lunch, but I am doing that less as I feel like the DAX and FTSE allow me to make the money I need. I use 1 minute charts but I like to use hourly charts for reference
Welcome to my world. I live in New York and trade DAX as well. I skip first hour since cash is only opening at 9am (3am my time). I would suggest you to do the same to get 1 hour of extra sleep. During European morning session slippage is not that bad. I do not enter the trades if spread is more than 3 ticks and/or nearest bid/ask has only 1 contract.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The latter (just 1 c.) happens quite frequently - unfotunately. Makes scalping the DAX not that easy imho.