Support Board
Date/Time: Thu, 28 Nov 2024 17:44:59 +0000
Post From: Sierra technical support
| [2023-04-19 07:11:50] |
| ticinotrader - Posts: 392 |
|
@User831355 Couple things to consider: - Based on your chart screenshot, you are using Volume-Based Continuous contract display mode. Hence you are getting the roll-related warning, because the soybean oil's July contract already has higher daily volume than the May expiration (also its open interest is higher than the May). - When using continuous futures contracts to display long-term weekly, monthly, etc charts, I recommend using the Date rule rollover Backadjusted continuous option. This will notify you about the roll at/around the First Notice date. Refer to the description in the SC documentation (link above) for the difference between Volume based vs Date Rule based continuous contracts. ZL has a fixed rollover schedule/date, precisely defined by the exchange that you can rely on. - No matter when the actual expiration (Last Trading Day) of a given contract happens, most (retail) brokers do not allow trading beyond the First Notice date to avoid accidental assignment for delivery. In case you have open positions at that time, they will be force-closed to avoid assignment. FN Date is earlier than the Last Trading Day for most futures markets. EUREX is an exception, where you can trade (but not a good idea to do so) up until the trading halts on the last trading day. - The first notice date of the May soybean oil comes in couple days, so you must already trade/follow the July expiration. - There is an SC study called Rollover Date Display that you can add to any of your chart to see/memorize these dates. - There is a brilliant market calendar available to download on Dorman Trading's website. They provide calendar in downloadable monthly pdf format for the entire coming year, that includes FN/Last Trading days for global futures exchanges (including FOP expirations). - The same info (dates) can be found on Barchart's website in a yearly format for all US futures exchanges/product groups (Ags, metals, etc) in the Futures >> Resources section. - You can refer to the exact details of the contract, including the important dates on the CME Group website: https://www.cmegroup.com/markets/agriculture/oilseeds/soybean-oil.calendar.html Or your broker's website should contain the relevant info as well. An example from Interactive Brokers is here for the ZL: https://contract.ibkr.info/v3.10/index.php?action=Details&site=GEN&conid=602619551 Hope this helps. |