smallest time frame for auto-trading IG

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Viewing 13 posts - 1 through 13 (of 13 total)
  • 10/09/2017 at 12:55 AM #48680
    Real Pro

    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.

    10/09/2017 at 1:18 AM #48681
    robertogozzi

    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!

     

    10/09/2017 at 1:27 AM #48682
    Real Pro

    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?

    10/09/2017 at 1:38 AM #48685
    robertogozzi

    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

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    10/09/2017 at 10:25 AM #48735
    Despair

    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.

    10/09/2017 at 10:33 AM #48737
    Real Pro

    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.

    10/09/2017 at 11:50 AM #48758
    Despair

    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.

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    10/09/2017 at 12:30 PM #48768
    Eric

    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..

     

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    10/16/2017 at 6:44 AM #49461
    Mansoor

    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!

    10/16/2017 at 6:53 AM #49462
    Mansoor
    robertogozzi wrote:

    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?

    10/24/2017 at 9:53 PM #50427
    Leo

    … 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!

     

    10/24/2017 at 10:23 PM #50429
    Eric

    maybe someone should start a poll about wich timeframe that is most profitable among users?

    i suppose it also depends on type of markets?

     

    10/25/2017 at 7:43 AM #50436
    robertogozzi
    Mansoor wrote:

    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!

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