Broker for S&P 1200 e-mini? | Forex Factory

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Broker for S&P 1200 e-mini?

  • #1
  • First Post: Apr 9, 2013 12:56am Apr 9, 2013 12:56am
Hi everyone,
i was wondering if anyone knows of a broker where you can trade mini lots/decimals (ie .1 / .01 / 2.1) of the S&P1200. I've demo'd a system for some time that produced great results, the problem is, with all the brokers i've seen thus far, the starting deposit i'd be looking at as a minimum is around $2000, and only full/whole lots can be traded.

Any help would be awesome,

thanks.
A.
  • #2
  • Apr 11, 2013 4:55pm Apr 11, 2013 4:55pm
Quoting iamboston
Hi everyone, i was wondering if anyone knows of a broker where you can trade mini lots/decimals (ie .1 / .01 / 2.1) of the S&P1200. I've demo'd a system for some time that produced great results, the problem is, with all the brokers i've seen thus far, the starting deposit i'd be looking at as a minimum is around $2000, and only full/whole lots can be traded. Any help would be awesome, thanks. A.
Do you mean S&P 500?

I use FXPro for charting
I believe that 1 lot of S&P 500 emini is 50 units
I'm not sure if you are referring to lots or units.
On my account you can trade 0.1 lots which is 5 units. I don't know if they do 0.01 units on other accounts or not.
I think that margin requirement is $500 for 1 lot, so $50 for 0.1 lot, so I can't see that you would need to deposit anywhere near $2,000.
Open a demo with them and check it out, costs nothing.

It's been a long time since I traded with CMC Markets, but I think that you could trade single units with them
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  • #3
  • Apr 11, 2013 5:56pm Apr 11, 2013 5:56pm
Hey there, thanks for the quick reply
I've got both charts S&P 500 and S&P1200 through GoMarkets, the only thing is i can only trade 1 whole lot. I'll check out the brokers you mentioned. Thanks again for the reply!
  • #4
  • Apr 11, 2013 6:42pm Apr 11, 2013 6:42pm
To be honest, I hadn't heard of the S&P 1200
I checked on my FXPro market list and it isn't there
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  • #5
  • May 10, 2013 12:19am May 10, 2013 12:19am
okedoke..it seems that 1 lot is the minimum to trade s&p...period.

Thanks y'all who responded
  • #6
  • May 19, 2013 6:57pm May 19, 2013 6:57pm
ok, i can't start a new thread with no vouches, so, i'm going to throw my trades in here. I will be predominately trading breakouts on the S&P1200.
Below is friday's trade. I trade the BO from around Japan's open. I trade once per day, and am experimenting this system on a small live account.
If there's any interests i'll post the entire methodology behind the trades, but the charts should really speak for themselves.
Attached Image (click to enlarge)
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  • #7
  • Edited 7:32pm May 19, 2013 7:02pm | Edited 7:32pm
Also. I'll be posting live as I trade as much as possible. approx 11am Sydney time will see my first trade for the week.

If the range of the proposed BO is too high, i won't be trading today. There will always be opportunities tomorrow.
  • #8
  • Edited 8:26pm May 19, 2013 8:06pm | Edited 8:26pm
First trade for the week. Long Targets & Stops shown below. perhaps range is a little too high, but we'll see.


Edit. SL to be, currently 100pips up @ 5246
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  • #9
  • May 19, 2013 10:50pm May 19, 2013 10:50pm
Sl hit for BE
  • #10
  • May 20, 2013 5:34am May 20, 2013 5:34am
ok. might as well place other trades here to.

short oil...both pictures show a trendline being rejected big time in the past and appears to currently holding up and rejecting price again. tp1 is nearest support but think it can fall much further
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  • #11
  • May 20, 2013 6:03pm May 20, 2013 6:03pm
Oil short close at stop -40pips
  • #12
  • May 20, 2013 9:33pm May 20, 2013 9:33pm
Todays BO trade close @ BE. definitely need some refining rules for tp, sl, and limit the size of the BO box.
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  • #13
  • May 21, 2013 5:57am May 21, 2013 5:57am
Perhaps a good chance for a long coming up soon on s&p 200. supply & demand as areas marked
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  • #14
  • May 21, 2013 8:48pm May 21, 2013 8:48pm
breakout down south...currently up 90pips
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  • #15
  • May 21, 2013 10:24pm May 21, 2013 10:24pm
TP Hit.
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  • #16
  • May 21, 2013 10:28pm May 21, 2013 10:28pm
Potential silver setup could go either way...i'm bullish bias.
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  • #17
  • May 25, 2013 10:30pm May 25, 2013 10:30pm
Quoting iamboston
Hi everyone, i was wondering if anyone knows of a broker where you can trade mini lots/decimals (ie .1 / .01 / 2.1) of the S&P1200. I've demo'd a system for some time that produced great results, the problem is, with all the brokers i've seen thus far, the starting deposit i'd be looking at as a minimum is around $2000, and only full/whole lots can be traded. Any help would be awesome, thanks. A.
I have a demo account with Ava metatrader and just noticed that they now have SP1200
Not sure if they offer lower lot sizes than your broker though.
1 lot with them is 100 contracts, so roughly 500,000 AUD
They go down to 0.01 lots, so that would be a trade size of about 5,000 AUD

It all depend on what lot size your broker works on
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  • #18
  • Last Post: May 30, 2013 5:34am May 30, 2013 5:34am
Quoting Gumrai
{quote} I have a demo account with Ava metatrader and just noticed that they now have SP1200Not sure if they offer lower lot sizes than your broker though.
Cheers for the reply, i'll look into it. Currently i have to trade 1.00 whole lot.

If you're checking out the chart at the moment, drop it down to m30 and check out the pattern. Looks like a possibility to break up ala Wyckoff Spring (google it if you haven't heard of it). Check out my screen grab below (S&P left, Wyckoff pattern example on the right)
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