The continous contract CL ##-## is an artificially spliced contract. It will never give any exact results and is not suited for backtesting. The main reason to use continous contracts is to avoid that price moves too far away from the cash market, if you look back over several years.
If you want to test any setups, you should use mergebackadjusted contracts. These are built from single month contracts, and in order to display the correclty, you need to enter appropriate rollover dates and check the offsets first.
The following 3 users say Thank You to Fat Tails for this post:
When creating a new thread, note which subforum you are in. Here is a short list of suggestions:
- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading
Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).
This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.
To display MergeBackAdjusted contracts, you need to select this option under -> Tools -> Options -> Data -> Merge Policy.
Editing rollover dates and offsets:
First you will need to go to the instrument manager and edit your instrument.
Select the definition tab and make sure that your Merge Policy is set to "UseGlobalSettings".
Then select the tab Misc and scroll down. The last field in the popup is called "Contract months". Mouse-Click into the right side, where it reads "50 contract months defined". You will then be able to open another popup and enter the rollover dates for the contract months. For CL you could use volume crossover to determine the appropriate rollover dates.
The following user says Thank You to Fat Tails for this post: