Rollover date vs Expiration date - futures io
futures io



Rollover date vs Expiration date


Discussion in Currencies

Updated
      Top Posters
    1. looks_one Fat Tails with 1 posts (6 thanks)
    2. looks_two DarkPoolTrading with 1 posts (2 thanks)
    3. looks_3 Quick Summary with 1 posts (0 thanks)
    4. looks_4 grego with 1 posts (0 thanks)
    1. trending_up 4,242 views
    2. thumb_up 8 thanks given
    3. group 3 followers
    1. forum 3 posts
    2. attach_file 0 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • 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 and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Rollover date vs Expiration date

(login for full post details)
  #1 (permalink)
 grego 
Sydney, Australia
 
Experience: Beginner
Platform: MT4
Broker: Go Markets
Trading: Forex plus FTSE DAX and ASX200
 
grego's Avatar
 
Posts: 177 since Jun 2010
Thanks: 139 given, 76 received

Do I switch over to the June FX contracts on the rollover date or on the expiration date

Also how do I work out which is the correct session time to choose within the data series menu on a chart in NT?

Follow me on Twitter Visit my futures io Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
For the experts of Metastock
Platforms and Indicators
Is there inherently more opportunity in smaller markets?
Traders Hideout
TradingView help in improving Anchored Vwap
Platforms and Indicators
MacdBB V402 NT804 + gradient + pullback not working on N …
NinjaTrader
Eurex Denali vs dxFeed
Sierra Chart
 
 
(login for full post details)
  #3 (permalink)
 DarkPoolTrading 
PTA, Gauteng
 
Experience: Advanced
Platform: Self built + Sierra + TWS
Trading: Stocks and Options
 
DarkPoolTrading's Avatar
 
Posts: 1,036 since May 2012
Thanks: 1,244 given, 1,321 received


Typically most people just watch the volume of each contract and switch over when the front month has more volume. Bring up a market analyzer (I think that's what NT calls it), and add both contracts and watch it each day to see which has more volume.

Regarding which session template to use, there is no right or wrong one. FX trades almost 24hrs / day. Considerations for which template to use (or to create your own) might be:
- Where do you live and what time will you be trading
- Plot a 24hr template and see where most of the volume occurs
- Do you want to only plot the times of day where the most volume occurs or do you want to see everything
etc...

Diversification is the only free lunch
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to DarkPoolTrading for this post:
 
(login for full post details)
  #4 (permalink)
 Fat Tails 
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,858 since Mar 2010
Thanks: 4,238 given, 26,770 received

Rollover Date

You want to trade the most liquid contract, therefore if you hold a position you want to roll it to the new contract when the old and new contract have about the same liquidity. Many traders roll on the day when the volume of the new front month contract first exceeds the volume of the old front month contract.

FX futures typically expire on Monday preceding the third Wednesday of the expiry month. The March 2014 futures will therefore expire on Monday, 17 March 2014. However, volume is set to switch to the new contract on Thursday or Friday this week. You should therefore consider rolling on Thursday.


Session Template

For FOREX futures you should not use a session template such as 24/7. The session template should either reflect the contractual trading times of the instrument or the opening hours of the underlying market, which is the FOREX market.


Contractual trading times for FX Futures:

Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday - closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.

Source: https://www.cmegroup.com/trading/fx/g10/euro-fx_contract_specifications.html


The FOREX market opens in New Zealand and closes at 5:00 PM New York time (which is identical with the close of the FX futures markets at 4:00 PM Central).


Therefore you should use the appropriate session template that comes with NinjaTrader, and which is called "CME FX Futures ETH". Don't use the template 24/7, it is always a false template. Many indicators will not properly work with false templates, as the contractual trading day is not correctly determined. Also strategies that use ExitOnClose will not work correctly with the template 24/7.

Best Practice: Save the correct session template under instrument settings, and then open all chart with <instrument settings>. That way each instrument will use its own specific session template as required.

Reply With Quote
The following 6 users say Thank You to Fat Tails for this post:


futures io Trading Community Traders Hideout Currencies > Rollover date vs Expiration date


Last Updated on March 10, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

August
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts