|
Quote: |
|
 |
|
|
The main problem is that you will always be last in line on your entries and exits even if you place them right away. Escpecially in the ES. Like it has been said before here the market has to actually go through your price for a fill. No matter how small your comissions are, this will take you out..trust me
Besides that you have to work with a stop, even a soft stop will get you killed in this market. It might work out most of the time with a soft stop but the one time will take away all your wins in one move.
I developed trading systems for funds which scalp the market and they play orders at the beginning of the day and pull them once the price gets close so when they need them they are first in line on the ES. I garantee you that no trading system with targets below 2points on the ES will make money on the long run (without hedging).
Good luck! |
|
|
|
|
I scalp the e-minis everyday and I must correct some statements that you made above. The Globex routing algorithm is first in first out. Additionally, you can get filled on limit orders without price trading through them. As long as the bid or ask moves to your order level, you do have a chance of getting filled. I know this first hand as I experience it on a regular basis...