Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
Can you help answer these questions from other members on NexusFi?
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
For those that are using NT and would like to have the continuous contracts set up correctly, take a look at a post Rancho Dinero did regarding this topic. It shows step by step instructions on how to set this up correctly.
Here's the thing with futures. They're a bunch of contracts that expire. It is very difficult to accurately gauge previous levels but by using the continuous, you're able to accomplish this to a degree. As I've said before, the most important point of reference will be the previous session. Hopefully that comes as a bit of relief. We're either within range or out of range and need to adjust accordingly. Trading has a lot more to do than just have the correct levels as these are just points of greater reference and its important to use that and bring it into context and find confluence with an intra-day level. Just having an order out there because we're at a swing low from 3 weeks ago is a naive mistake.
I went though the Ranncho link...it just said delete the current data and reload
Did i miss some thing?
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
For ES we have SPX cash or just plain ol SPY to look at for important levels and no need to figure in adjustments for rollover.
For CL, you could look at USO but doing the math to convert the levels in your head would be tough
The Rancho article basically says he thinks you only need to look at the last expiration in terms of retention, other levels are unimportant. I don't agree with that, but I do concede that (on ES at least) the best long term indicator is the cash price (SPX) and not a back-adjusted ES @ES#C continuous futures contract.
With Sierra Chart btw, all you do is simply plot the continuous contract. There is no need to mess with anything else (in my experience). I think for CL it is QCL#C for the continuous back adjusted chart. Also Sierra has built-in profile
You need to manually adjust the rollover date in NinjaTrader so that our Historical Chart Data is correctly merged.
Please go to Control Center-->Tools-->Instrument Manager. Highlight the CL in the 'Available master instruments' section and click Edit.
Subsequently select the Misc-tab and scroll to the bottom. Select the 'Contract months' row and click the '...' button that appears.
Select the 05-13 expiry month and you will see the rollover date listed. You can change the rollover date for the 05-13 contract to yesterday (March 18th) to allow NinjaTrader to merge these contracts correctly.
Also check you merge policy:
Please go to Control Center-->Options-->Data (tab) --> Select MergeNonBackAdjusted
Once this is changed you will need to reload historical data in your charts to apply the change via a right click -> reload historical data on your charts.
