Hello
Any strategy managers have experience running scalp trading strategies on C2? How does the subscriber slippage affect your performance? Just wondering if scalping is feasible here. Thank you.
I’m not a manager, but I’ve been a subscriber to C2 systems for quite a while and have yet to see a true scalping system succeed. Can you give us more details of what you have in mind?
More so figuring out if a strategy scalps using stop entries, what can manager expect in terms of subscriber fills? (during US trading hours).
What trading instrument? Index futures?
yes index futures (nq/mnq)
With the NQ you will get slippage here because it is fast and because of the CME limitations on C2 . The ES will produce better results .
Ofocurse it depends on how many clients you have sure if you have just one client then go ahead .
I was going to say the same thing. This forum thread gives more of the details:
However, in theory if you issued the entry orders as stops and not markets, then I think the CME limitations do not apply. You might want to ask C2 about that.
Thank you, that’s the info I needed to know.
You mean limit orders, because stops are actually converted to market orders …
My understanding is that it depends on how the orders are submitted, but I’m not a SM so I don’t know the specifics. I believe that if you enter a stop order manually through the C2 interface then it will place that stop at the broker. If you use Broker Transmit, then stop/limit orders are simply translated to market orders once filled by the SM.
Then the broker will convert it to a market order sent to the exchange.
Ok just for hypothetical discussion since my strategy really relies on quick executions (I trade opening range):
FYI, I use broker transmit as TOS.
Say I have 10 subscribers.
I set buy stop on the NQ at 18000.00, limit target at 18006.00.
I get filled at 18000.25, and I am able to exit at 18006.00 (limit)
I assume subscribers will pile on the buy stop initially. Depending on the slippage and C2, the slippage could be 3-5 ticks?
And when I exited out of my trade as per my limit order, subscribers will then exit at market. Again, possible slippage/latency.
Please confirm this is what I can expect.
Yes, this is what you should expect. Note that you can view the autotraders’ executions for other systems, so you can get an idea of the slippage to expect. 3-5 ticks seems reasonable, but if you get a large number of subscribers then the slippage could be much worse.
I ran a scalping strategy with FX on my own and it worked well. Didn’t work here. Ran it for 7-8 months and shut it down.
Too much slippage.
