Managing Futures Orders During Contract Rollovers in TradersPost
Most read
Futures orders can close after rollovers, resulting in potential price discrepancies. Traders should monitor rollover periods and align trading symbols across platforms to avoid issues.
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: Rolls over contracts based on volume. Once the volume of the next contract exceeds that of the current front-month contract, TradingView will roll over to the new contract.
• TradersPost: Implements a two-day rollover period before the contract’s expiration date, based on the broker’s rollover schedule.
• 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.
DISCLAIMER:
Trading in the financial markets involves a significant risk of loss. The content and strategies shared by TradersPost are provided for informational or educational purposes only and do not constitute trading or investment recommendations or advice. The views and opinions expressed in the materials are those of the authors and do not necessarily reflect the official policy or position of TradersPost.
Please be aware that the authors and contributors associated with our content may hold positions or trade in the financial assets, securities, or instruments mentioned herein. Such holdings could present a conflict of interest or influence the perspective provided in the content. Readers should consider their financial situation, objectives, and risk tolerance before making any trading or investment decisions based on the information shared. It is recommended to seek advice from a qualified financial advisor if unsure about any investments or trading strategies.
Remember, past performance is not indicative of future results. All trading and investment activities involve high risks and can result in the loss of your entire capital. TradersPost is not liable for any losses or damages arising from the use of this information. All users should conduct their own research and due diligence before making financial decisions.