Managing Futures Orders During Contract Rollovers in TradersPost

‍Can a Futures Order Close After Rollover?

Yes, it is possible for a futures order to open on one contract and close after the contract has rolled over. This can result in a significant price discrepancy between the opening and closing values due to the change in the underlying futures contract.

▶

How Rollovers Are Handled

The handling of futures rollovers can vary across platforms:

• TradingView: Continuous futures symbols can roll over on a different schedule than TradersPost¹.

• TradersPost: Rolls contracts based on expiration dates, not volume, switching to the next contract two days before expiration².

• Brokers: Brokers may have their own unique rollover policies, which could result in different timing compared to TradingView and TradersPost.

These differences mean that traders need to manually monitor rollovers to ensure consistency across their trading platforms.

Best Practices for Handling Rollovers

To avoid discrepancies:

• Regularly Check Rollover Dates: Monitor the upcoming rollover periods and adjust your strategies accordingly.

• Align Symbols Across Platforms: Ensure that the symbol sent from TradingView matches the current contract in TradersPost and the broker to avoid incorrect price data.

• Manual Monitoring: Automated strategies still require manual oversight, especially during rollover periods to catch any mismatches.

Conclusion

Managing futures rollovers requires attention to detail, as platforms like TradingView, TradersPost, and brokers may have different rollover schedules. Traders should monitor rollovers closely and ensure alignment across platforms to maintain accuracy in their trading strategies.

References

¹ Trading Continuous Futures Contracts from TradingView on TradersPost
² Using Continuous Futures Contracts with TradersPost - Blog