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Given the revelations that JDNeeman is a vendor now and his thread closed. I thought we can still have a thread to post trades from his free methods that he posted.
All information about the method can be found here:
With this broker one point is 25€.
To illustrate ONE Dax future for trade with Interactive Brokers I show here the margins from the
actual table. Margins do follow the price - up and down.
Intraday is from 08:00 to 22:15 german hours - every minute outside means overnight margin.
So today for one Dax future you need to have a margin of 13904€. For overnight you need have
a minimum of 22247€.
If the evening session is near closing you get a warning after 21:45h to close your position if
the margin for overnight is NOT covered. If you do not react - your position will be closed by IB
and you have no longer an open Dax position with them.
Other brokers means other margins - but brokers with a margin much lower than IB for the same
future are more or less bucketshops where your money is not always guaranteed anyway.
So decided wisely WHERE to trade and then WHAT.
Illustration here:
In liquid markets with a real broker (not bucketshop) you always have a good bid/ask
on the Dax during cash hours. This changes of course in afterhours as well as in the
night with the overnight margin.
There are times when price jumps before and after announcements especially.
This might cause price jumps - and maybe some orders not filled on the intentioned
price.
Here a screenshot of the normal lower volume during lunch time:
Hi Folks,
would like to get peoples view regarding the likely slippage on the FDAX with a position size of 10 or 12 contracts on a few intraday entries/exits? Anyone?
Regards..