Hi,
This is my first post (i think), long time lurker.
I need to talk about per point values, and tick values.
It is my understanding that most of the commodities and futures contracts trade at a tick value of around $10 - $12.50 ish, so in the case of E mini S&P contract, the point value is $50 a point (4 ticks). (Regular SP's are obv higher).
2 questions,
Question one : as a broad viewpoint incorporating most short term swing and day trading strategies (anywhere from 6 minutes to 6 months say), what are some of the conservative stop sizes used. Note: i know stops vary based on volatility/S&R points etc, but just a general idea? Is a 50 point stop loss on the S&P good enough to eliminate noise??
To take an analogy ... i know most short term forex systems can do with a 50 60 pip SL, 100 pips to the higher end.
So this tells me, if i am working with one standard lot, (at a 100 pips i need $1000 as risk). If i trade at say 0.4% risk per trade, i need $250,000 as a proper bankroll for forex.
Trying to figure out a ballpark figure for one standard lot in futures that covers me for basically all commodities and futures (except the bigger ones like the reg SP).
Question 2: What is the average commission per lot? Who are some of the reputable brokers for European and British markets?
Is IB any good for futures? (I guess thats a lot of mini questions, lol)
Any one kind enough to shed some light?
Thank you.
This is my first post (i think), long time lurker.
I need to talk about per point values, and tick values.
It is my understanding that most of the commodities and futures contracts trade at a tick value of around $10 - $12.50 ish, so in the case of E mini S&P contract, the point value is $50 a point (4 ticks). (Regular SP's are obv higher).
2 questions,
Question one : as a broad viewpoint incorporating most short term swing and day trading strategies (anywhere from 6 minutes to 6 months say), what are some of the conservative stop sizes used. Note: i know stops vary based on volatility/S&R points etc, but just a general idea? Is a 50 point stop loss on the S&P good enough to eliminate noise??
To take an analogy ... i know most short term forex systems can do with a 50 60 pip SL, 100 pips to the higher end.
So this tells me, if i am working with one standard lot, (at a 100 pips i need $1000 as risk). If i trade at say 0.4% risk per trade, i need $250,000 as a proper bankroll for forex.
Trying to figure out a ballpark figure for one standard lot in futures that covers me for basically all commodities and futures (except the bigger ones like the reg SP).
Question 2: What is the average commission per lot? Who are some of the reputable brokers for European and British markets?
Is IB any good for futures? (I guess thats a lot of mini questions, lol)
Any one kind enough to shed some light?
Thank you.
