I need help for my strategy calculating the lot size I'm not sure if i did it right.

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I would like to trade with a strategy that works on the 1-minute chart, buying and selling 50,000 USD worth of palladium. However, I don't want to cause any significant price fluctuations. Therefore, I wanted to ask if anyone is more experienced in this and whether it is actually feasible in real life or if I’ve made any errors in my calculations. The same applies to the platinum market. Ideally, I wouldn't want to move the price more than 0.05%, and I'm unsure if I’ve made a mistake in my calculations. Can someone help me check if my calculations are correct or if I've done something wrong?
 

The average daily trade volume for Palladium is about $710 million. Your $50,000 trade isn't going to move the market 0.05%

The daily range is about 0.97%. Let's say it only goes one direction. You'd need $710 million dollars to make a 1% move; or about $14.2 million to move the market 0.05%.

Retail traders don't move markets, unless you're doing like low volume options on some company that has 5 trades at that level or something. Palladium or Platinum, you're not moving those markets.

 
James McKnight #:

The average daily trade volume for Palladium is about $710 million. Your $50,000 trade isn't going to move the market 0.05%

The daily range is about 0.97%. Let's say it only goes one direction. You'd need $710 million dollars to make a 1% move; or about $14.2 million to move the market 0.05%.

Retail traders don't move markets, unless you're doing like low volume options on some company that has 5 trades at that level or something. Palladium or Platinum, you're not moving those markets.

Ask your broker to be sure, however, most brokers for mt4/5 are NOT trading commodities or indecies on real markets; they trade CFD's only. eg not in the market, but betting/gambling with other traders around the world. What i mean is 0.05% or 50%, your calcs will not have any effect on the real market.

 
James McKnight #:

The average daily trade volume for Palladium is about $710 million. Your $50,000 trade isn't going to move the market 0.05%

The daily range is about 0.97%. Let's say it only goes one direction. You'd need $710 million dollars to make a 1% move; or about $14.2 million to move the market 0.05%.

Retail traders don't move markets, unless you're doing like low volume options on some company that has 5 trades at that level or something. Palladium or Platinum, you're not moving those markets.

So on the 1min chart there is no problem with buying 800k$ in one direction? So i dont have to think about what is happening in the market whenn i use a 800k$ market buy order on the 1min time frame?
 
Johann #:
So on the 1min chart there is no problem with buying 800k$ in one direction? So i dont have to think about what is happening in the market whenn i use a 800k$ market buy order on the 1min time frame?

I guess you want to trade futures and not CFDs. So, just look at the chart and check how many futures are traded within one minute.

 
Carl Schreiber #:

I guess you want to trade futures and not CFDs. So, just look at the chart and check how many futures are traded within one minute.

Acctualy its CFD because thats the only pair my broker is offering. Im doing it via FTMO so i dont know exactly which broker they are using. 

 
Johann #:
FTMO

Well ask your broker about it.

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