Day Trading & Forex Forum

huaone

Hi Guys, I've been scalping 1 tick ES contracts in ToS's paper trading platform with great success. However, I get an eerie feeling that this is all due to unrealistic fill prices in their paper trading platform. Does anyone have any experience trading futures with ToS? Thanks!

huaone

Also, in PaperMoney, a bundle of 6 ES contracts limited at the last trade price are filled almost immediately, even in afterhours. Is this realistic at all?

EmotionIsTheBigEvel

I think you may say that the fills during trading hours for the ES are reallistic, because 6 contracts are always filled immediately. For other future contracts this is a whole other story, but for ES and NQ there is no problem with fills, there isn't also a great danger for putting in market orders for those two futures.

abottoml

I would have thought that with the papermoney version you would only get filled on the actual bid/ask, whereas in real life you can get filled somewhere inside the spread. There is a danger that the papermoney fills might be happening on the average of the two though .... Ask their online support people - they are very helpful.

huaone

Thanks fellas, you rock!

ektrader

Hey huaone, I trade the /ES on TOS and what your seeing is real. The fills are pretty instantaneous with that contract just about anytime. Market orders are just as good as limit orders with the ES unless the market is moving against you unusually fast.

Ektrader

Directional

If you're putting a limit order in, you need to look at the depth of market and see how many contracts are on the bid/ask before you; if there's 500 contracts on the bid and you're trying to buy the bid, in real life you'd have to wait till 500 contracts trade on the bid before you'd get your fill. Usually, this means you need to wait till it trades through.

Most simulators will fill you after the first tick at the price, which means for scalping its totally unrealistic.

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