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MNQ volume is around a half of NQ volume. But MES = 1/4 (1/5) ES volume. Even if MES volume is greater than MNQ. Can someone explain why? MNQ is better for HFT because it has cheaper tick?
Can you help answer these questions from other members on NexusFi?
There is more movement price wise on the MNQ than on the MES...the NQ has more volitilty than does ES...but it is easier to get burned with the NQ than the ES....also...the price movement is why I like the MNQ....and with the micros you can play 2-3 contracts without a big down payment...50 vs 500....trading a single lot is very difficult to make money...so multiple lots allows you to fade in and fade out of a trade...much better chance to make money...
Absolutely love the micros and wish they were around when I started roughly 6 years ago. Likely would have saved me a lot of money as compared to leveraging es contracts.
How bad is slippage in the micro contracts? I've stayed away from Gold futures but the micro contract looks appealing. I also trade the major forex pairs. I'm wondering how bad the slippage is in those micros as well.
And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom
The NQ is a larger contract, higher margins than the rest of the indices. I think the MNQ is more attractive to many retail accounts of less than $10k since the NQ can move 40-50 points in minutes sometimes and just too volatile/large for smaller accounts. The MNQ allows traders to actually place stops/targets based on the chart and not so much as a function of $$
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The spread is pretty tight almost all of the time. It gets very think and may show a wider spread on news or eco releases, but it is completely tradable, in my opinion, as a replacement for the ES at a reduced risk.
Look at it this way: If you are trading big enough in the micros to worry about slippage, then you really should be trading the equivalent eminis.
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I agree.
In addition to that, considering the $ value per tick, the relative commissions are much lower in the ES than in the MES, which would be another reason to switch to the ES once you trade more contracts in the MES.