i calculated for the last 32 trading days that their systematic trades earned ~1975$
but when I include my commission (4,8$ / 1 lot round-turn)
the result is - 252$
what I have learned:
NEVER UNDERESTIMATE the effect of commission on the overall performance
ES RT 4,8$ @ IB
and you?
Way too much, should be more like $3
Before you ask Velocity Futures, Global Futures and maybe AMP Futures are a good place to start.
http://www.tradewithvelocity.com/commissions/product-commissions.aspx?productID=46
They quote $3.35 for up to 5000 RT but you can probably do better by shopping around or just asking them for a lower rate. I also see that Global are offering $1.50 per round trip if you subscribe to X Trader though I havnt really looked into this much.
http://www.globalfutures.com/accounts/comm-xt.asp
wow that is very expensive TJ, on the S&P i pay USD1.4 i think... its around that, i dont trade too much on CME though so it may be out by 5-10 cents
but usually you have to pay a high monthly fee for x-trader....
don't think that you can get a rate <4$ if you only have <100 RT / month
http://www.tradewithvelocity.com/commissions/product-commissions.aspx?productID=46
They quote $3.35 for up to 5000 RT but you can probably do better by shopping around or just asking them for a lower rate. I also see that Global are offering $1.50 per round trip if you subscribe to X Trader though I havnt really looked into this much.
http://www.globalfutures.com/accounts/comm-xt.asp
Even based on that figure from Global (which I believe could be improved on) you would have paid about 1100 in fees/comm instead of the 1750 you seem to be saying you paid.
Well I suppose it doesn't really matter then. In any case if that's some sort of software or signal service you're looking at it won't matter how much your commission is because their trades will lose money anyhow.
