On IG, is the smallest time frame for auto-trading 1 minute?
If so, what sort of slippage might one expect trading DAX in the day session?
Thanks.
At the beginning I used to launch strategies on a 1-second TF, but I gave up soon since it’s so unreliable to me!
As for slippage…. it depends on volatility, volumes and news, rather than on TF. If you trade from roughly 14:25 thru 15:00 (2:30 pm – 3pm CET) on NFP day, expect a large slippage, sometimes a huge one if news are really unexpected!
Thanks Robert. What time frame do you find reliable now?
Do you think IG’s CFD spreads would be much different to the real futures markets?
My range is from 1 minute to 1 hour, of course the longer the more reliable!
I never traded the futures markets and cannot be of any help with that, sorry!
Roberto
I think in the real market slippage can be even worse through liquidity problems (especially when trading mini contracts). There you can get REAL slippage. Since IG is dealing desk you are always trading with IG and don’t have the liquidity problem.
I so only experienced slippage when price is moving very fast and even then it was only little. Sometimes positive, sometimes negative – I ignore it.
Thanks Despair.
I do see a potential issue with IG learning my entries and exits, then manipulating the hell out of me. But I guess there’s no way around that.
I guess your positions are not that big that IG would make the effort. 😉 Many are very anxious about slippage and stop hunting by your broker. I think both is no issue with IG.
EricParticipant
Master
i think when sometimes slippage occurs its in the underlaying market (the futures) and then IG just pass it on to us?
so they dont loose money if they need to hedge (thats what they probably explain it with, but it could be a profit thing?)
just speculating..
For me the most scary thing is the trading halt and when IG goes into call only or worse when they close a market momentarily for a few minutes!
At the beginning I used to launch strategies on a 1-second TF, but I gave up soon since it’s so unreliable to me! As for slippage…. it depends on volatility, volumes and news, rather than on TF. If you trade from roughly 14:25 thru 15:00 (2:30 pm – 3pm CET) on NFP day, expect a large slippage, sometimes a huge one if news are really unexpected!
Robert, why do you say it is unreliable? I saw someone else also said short TF is unreliable. Is it because of high price fluctuation in short TF? Or is it because of PRT coding? If 1 second is not enough for PRT to run and execute the code then it could result in unreliable results. Do you agree?
LeoParticipant
Veteran
… My broker is IG and I just try to activate one my strategy in a time frame of 10 seconds (just for curiosity) and it works!
EricParticipant
Master
maybe someone should start a poll about wich timeframe that is most profitable among users?
i suppose it also depends on type of markets?
Robert, why do you say it is unreliable? I saw someone else also said short TF is unreliable. Is it because of high price fluctuation in short TF? Or is it because of PRT coding? If 1 second is not enough for PRT to run and execute the code then it could result in unreliable results. Do you agree?
Because, on my demo account, with strategies running on TFs < 1 minute I was too often stopped because an order (in some cases a stop one) could not be executed because a previous order had not yet been completed!
