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Automating for a 1 tick scalp?


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  #11 (permalink)
 CSC1 
Vancouver, Canada
 
Experience: None
Platform: IB
Trading: Futs
Posts: 59 since May 2013
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Revan, have you looked into implementing this on contracts other than ES? If I were going to try and be a retail-ish market maker I would be looking for; 1) large tick size to overcome a retail fee structure 2) A slower, low variance style of price action 3) If I get into a bad position I can hit size behind me, or have a variety of hedges to lay off in. The BUB and BOB spreads come to mind as a good place to be at 31.25 a tick. Pull up a chart and see what you think, just food for thought...

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  #12 (permalink)
Revan
Brisbane, Australia
 
Posts: 95 since Mar 2018
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CSC1 View Post
Revan, have you looked into implementing this on contracts other than ES? If I were going to try and be a retail-ish market maker I would be looking for; 1) large tick size to overcome a retail fee structure 2) A slower, low variance style of price action 3) If I get into a bad position I can hit size behind me, or have a variety of hedges to lay off in. The BUB and BOB spreads come to mind as a good place to be at 31.25 a tick. Pull up a chart and see what you think, just food for thought...

I would do this if I had a bigger account, I may end up doing this in the long run.

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  #13 (permalink)
JWM1270
Las Vegas, NV
 
Posts: 5 since Feb 2016
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This thread is very informative. Good stuff!

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