Execution · 1:35
Cross Trade
Learn to read the mini and trade the micro from the same chart with cross-trade in EliteXCharts, in under 2 minutes.
Chapters
Step by step
- Read the order flow on the mini, like NQ, and trade the micro, MNQ, at $2 a point instead of $20
- Check Cross-trade below the account in Chart Trading and see the micro contract that gets your orders
- Place every order on the micro from the mini's chart: market buttons, BID and ASK, Shift or Alt
- Buy 2 at market: Long 2 MNQ, same quantity, price and expiration, with the result in micro dollars
- Uncheck Cross-trade to go back to the mini: the micro's orders stay on the chart, gray and locked
- Close the micro position with Flatten: the panel's buttons act only on the contract cross-trade picks
- Trade six pairs this way (Nasdaq, S&P 500, Russell, Dow, crude oil and gold), on live and simulation accounts
What the narrator says
0:08Welcome to EliteXCharts. In this video: cross-trade. Read the market on the mini, and trade the micro, from the same chart.
0:17You read the chart of the mini, like NQ, where the order flow is. The micro, MNQ, moves the same, at a tenth of the value: two dollars a point instead of twenty.
0:28To turn it on, open Chart Trading on the mini's chart, and right below the account, check Cross-trade. The label shows the contract that gets your orders: the micro, with the same expiration.
Read the full transcript
0:39From now on, every order from this chart goes to the micro: the market buttons, BID and ASK, and Shift or Alt on the chart. Even the preview says so: Buy Limit, MNQ.
0:51Same quantity, same price, same expiration. Buy two at market, and the position is Long 2 MNQ, with its result in micro dollars.
1:00Uncheck Cross-trade, and the next order goes to the mini again. The micro's orders stay on the chart, gray and locked. Check it again to manage them.
1:09The panel's buttons only act on the contract cross-trade picks: here, Flatten closes the micro position.
1:16Cross-trade works on six pairs: Nasdaq, S&P 500, Russell, Dow, crude oil and gold, on live and simulation accounts. On any other asset, the panel tells you there's no micro.
1:29That's cross-trade in EliteXCharts: read the mini, trade the micro.
