Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
If I enter long, for example, on a limit order with four contracts and my target is 3 ticks on the ES, how much profit would be there after factoring in slippage, and spread (please ignore commission for this example). Thank you.
Can you help answer these questions from other members on NexusFi?
Limit orders will only enter you into the market at your price or better. Meaning you dont need to worry about slippage or spread.
Therefore with the ES being $12.50 per tick, a 4 contract long trade for 3 ticks will be: $12.50 * 4 * 3 = $150
It is possible that you get filled at a better price than what you were expecting using limit orders, however the ES is so thick that will be unlikely unless you're trading at a major news release and the volume at the bid or ask on more than 1 price level suddenly disappears. Positive slippage is more common in thinner markets.
Keep in mind there is a difference between limit orders and stop limit orders.
Also remember that you will always be filled on your losers, so if you have to ask this question then I'd caution you against scalping for three ticks.
