Gold GC December Roll Over 12-12

[bobcat70]

Been trying to figure out why GC wants to roll to the December contract on 9/28/2012. I even went into the contract months - removed the 12-12 contract - restarted Ninja, and it put the 12-12 contract back with a date of 9/28/12.

Since there are no other contracts between 08-12 and 12-12, then clients are going to have an issue with roll-over - as the roll-over will occur after 08-12 has expired.

http://screencast.com/t/OUeKvOWlp20

Not sure what the date is supposed to be - but I went ahead and rolled as of 7/30 manually today.

After I did that, here is what GC looks like now:

http://screencast.com/t/7U02av9w9tK

Looks like NT has the wrong date in your master file at Ninja - or I'm not reading something right.

John

[NinjaTrader_Bertrand]

Thanks for the post John - you're unfortunately correct here - the date will be updated with our next NT7 release. Until then please use the manual date you've inserted in your database.

[Harry]

Why do you want to update the date? The date is correct, as the Gold October contract is illiquid and cannot be traded. Please have a look at the contract volume.

Volume today until 11:50 EST

Aug 12 contract : 12,000 (old contract)
Sep 12 contract : 500 (illiquid)
Oct 12 contract : 2,000 (illiquid)
Dec 12 : 52,000 (new contract)

There are 12 monthly contracts for Gold futures, out of which five are liquid.

February
April
June
August
December

There are already false rollover dates for many other contracts. Is there nobody with NinjaTrader who trades futures? If somebody wants to trade the illiquid october contract, then he/she should add that contract him/herself..

Please do not change it with your next release !!!

Originally Posted by NinjaTrader_Bertrand

Thanks for the post John - you're unfortunately correct here - the date will be updated with our next NT7 release. Until then please use the manual date you've inserted in your database.

[NinjaTrader_Bertrand]

Hi Harry, that's correct October will not be tracked in our continuous contract for the non liquidity reasons - we will then directly roll into 12-12 as most providers do.

[bobcat70]

Harry,

I don't even have October on my list of contract months in the Instrument Manager - so not sure where you got yours.

[bougie]

I knew something was wrong.. Harry how did you figure out that today was the day to rollover the contract to 12/12? Is there a website that tells you this?

[bobcat70]

Bougie, I just rolled today because I wasn't sure when it supposed to roll. ThinkorSwim rolled last Thursday I think, but I had a trade that I wanted included in my Strategy Analyzer from Thursday, so I just decided to do it today. We will have to wait for the next update to have Ninja correct the date.

Unless someone at Ninja can tell us what the date will be?

[Harry]

Originally Posted by bougie

I knew something was wrong.. Harry how did you figure out that today was the day to rollover the contract to 12/12? Is there a website that tells you this?

The gold futures are traded at CME, an indeed CME has a website with a product calendar for each instrument.

http://www.cmegroup.com/trading/meta...r_futures.html

From the product calendar I can see that first notice date for the GC Q12 gold futures (July contract) is tomorrow. Most traders do not like to get delivered, so they will roll prior to first notice date. Latest date possible is today.

Therefore I did expect that volume would switch to the new contract latest today, as it always switches for this reason. Of course, I did not know, whether it would switch on Friday or today, but it is not so difficult to check it by opening an intraday chart.

[Maxwell]

I have merge back adjusted..

[NinjaTrader_Bertrand]

Thanks, great - could you please contact me directly via Help >> Mail to Support?