modification fees

[geu]

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]

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Who charges you modification fees? For what instrument?

[geu]

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I thought Eurex chares for order modification and IB passes it on?

[NinjaTrader_Ray]

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only after 10+ changes? Don't quote me on that. There is no way to account for this in NT.

[geu]

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sorry to be obtuse but 10+ cahges to one order? or just 10+ chages in total

[NinjaTrader_Ray]

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one order

[NinjaTrader_Ray]

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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."

[geu]

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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