What hours is GemsBot running ?
GemsBot is running continuously every working day starting at 01:00 am Eastern Time until closing time at 16:15 pm ET. Premarket hours trading is substantially different than Regular hours trading and a different Spreadsheet is used for them. Premarket only ES is tradeable, due to the small volume that other instruments have.
It is a pleasant surprise how smooth and successful trading ES the premarket hours that GemsBot runs is. Over the years more traders are discovering it and the Premarket volume has increased now to more than 10% of the Globex volume.
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Which instrument of the four is better to trade ?
If you are an experienced trader and are accustomed to trade any of the four instruments that are shown in GemsBot, then obviously you should start by trading the instrument that you are familiar with. Once you have a good working knowledge of the system, then you may consider switching to a different instrument that has better returns and suits your style of trading.
If you are a beginner then starting out by trading ES is the obvious choice. There are lots of reasons for choosing this instrument. First of all the price action is much smoother than other instruments, with fewer and smaller in size spikes. Then the volume of the orders at each tick at all times of the day is the highest of all, resulting in negligible slippage. Also the spread between bid and ask is just one tick, while other instruments may have more, particularly when the market is moving fast. A second choice, that is almost as good, is starting out by trading YM.
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