Forex vs. Futures on Gold | Forex Factory

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Forex vs. Futures on Gold

  • #1
  • First Post: Dec 26, 2015 1:49pm Dec 26, 2015 1:49pm
I have coded an EA that works great on Gold, but it doesn't work perfectly on real accounts mainly because of slippage on activation of orders and also while closing.
Sometimes I can get even 5 or 10 pips of slippage on Forex.

So I was considering moving to Futures, in the hope that I would reduce the slippage problem. But since I have no experience with Futures, I am not sure that would really help.
I wonder if anyone here has experience trading Gold Future contracts. If so, what would be the advantages?
And would it make it possible for me to have less slippage or totally eliminate the slippage by choosing prices directly from the Order Books?

Alternatively, would be possible to do the same on Forex? (Avoid slippage by choosing the right prices from order books?) If so what brokers would allow that, on MT5 for example?

I thank you for any kind of information shared about the subject!
  • #2
  • Dec 27, 2015 5:59am Dec 27, 2015 5:59am
I traded demo on Ninja platform..there you can set to enter the market on current price but on limit order. Spread is almost nonexistent. Difference between bid and ask is like 1 tick. The only difference is in day trading margin and overnight margin. Which is 1000$ for day trading and around 5000$ for overnight positions, so you need around 5k at least if you plan to hold positions over night.
  • #3
  • Dec 27, 2015 7:59am Dec 27, 2015 7:59am
Quoting merquise
I traded demo on Ninja platform..there you can set to enter the market on current price but on limit order. Spread is almost nonexistent. Difference between bid and ask is like 1 tick. The only difference is in day trading margin and overnight margin. Which is 1000$ for day trading and around 5000$ for overnight positions, so you need around 5k at least if you plan to hold positions over night.
Metatrader (forex) has also no slippage on Demo accounts. I would like to know if the same is a reality for real accounts.
  • #4
  • Dec 27, 2015 8:14am Dec 27, 2015 8:14am
Well if you enter on Limit order there won't be any negative slippages be it demo or real.. You can even get positive slippage..
  • #5
  • Dec 27, 2015 8:23am Dec 27, 2015 8:23am
Ok,
That's what I wanted to know.
This means my system will be profitable on Futures, while slippage is making it not profitable on Forex.

If anyone knows a broker that offers Futures over Metatrader 5, it would be easier for me to convert my EAs.
If not... I will have to learn another programming language from scratch. Painfull, but necessary.
  • #6
  • Dec 27, 2015 8:49am Dec 27, 2015 8:49am
doesn't metatrader 5 also offer deviation which is basically the same? Don't all limit orders guarantee a price set in the bounds? You get requoted but not slipped. I do not use mt4/5 but this is how I would expect those orders to work.
  • #7
  • Dec 27, 2015 2:10pm Dec 27, 2015 2:10pm
Quoting Kilian19
doesn't metatrader 5 also offer deviation which is basically the same? Don't all limit orders guarantee a price set in the bounds? You get requoted but not slipped. I do not use mt4/5 but this is how I would expect those orders to work.
On mt4 at least when you're setting a pending limit order you can't set a deviation limit. That is only when using standard market order, and not all brokers support that. When setting the deviation to 0 that would set it as a limit order but you can't get positive slippage in that case, and you might get unfilled.

The OP should try on live futures account his strategy and see if it can work there.
  • #8
  • Dec 28, 2015 2:42am Dec 28, 2015 2:42am
Ok,
So I guess Metatrader is a shitty scam, no matter which version. Lol...
It is a pity most of Futures platforms are paid. I have found one platform called Pathfinder Trader, which seems to be good and free.
But there are not many examples of automated strategies coded.
So, I guess I would have hard time coding to this. But anyway, seems better than paying for life for bad-looking and unstable Ninjatrader.
  • #9
  • Last Post: Jun 18, 2016 10:44am Jun 18, 2016 10:44am
Quoting pedrosimao
Ok, So I guess Metatrader is a shitty scam, no matter which version. Lol... It is a pity most of Futures platforms are paid. I have found one platform called Pathfinder Trader, which seems to be good and free. But there are not many examples of automated strategies coded. So, I guess I would have hard time coding to this. But anyway, seems better than paying for life for bad-looking and unstable Ninjatrader.
Hey pedro, have you moved to futures ? I was wondering about the type of slippage and execution you get there compared to forex.
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