View Full Version : modification fees
How would you take order modification fees into account.
Say you have a profitable strategy, if you keep on changes the target and stop levels it can eat away at your profit performance
NinjaTrader_Ray
02-11-2005, 12:51 AM
Who charges you modification fees? For what instrument?
I thought Eurex chares for order modification and IB passes it on?
NinjaTrader_Ray
02-11-2005, 01:54 AM
only after 10+ changes? Don't quote me on that. There is no way to account for this in NT.
sorry to be obtuse but 10+ cahges to one order? or just 10+ chages in total
NinjaTrader_Ray
02-11-2005, 04:53 AM
one order
NinjaTrader_Ray
02-11-2005, 04:56 AM
Here is something that was sent to me via a user -
"When I trade the DAX, IB passes on the Eurex modification fees of 0.50 EUR per modification. Each filled order in the same day receives a credit of 2.50 EUR against this fee. Definitely do not want to use trailing stops that adjust frequently on Eurex."
Thats what I was refering to. It seems then that you can change an order 5 times then? But you are right about trailing stops. Not a big issue since its pretty easy to change the stop manually in NT