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Experiences with futures rollover

  • #1
  • First Post: Edited 10:53pm Feb 18, 2013 6:23pm | Edited 10:53pm
Hey Guys,
I was wondering about peoples experiences with different brokers with the roll over on futures on mt4, now as I understand it there should be no diff between the prices charged and recieved as in lets say the roll over happens and the Oil price gaps up 40 points which it seems to do every month.
So from 90.00 to 90.40 and lets say you have 1 con short and 1 con long ( 10 bucks per point, close enough) so a hedged position.
So you should be charged 400 for the long and recieve 400 for the short, correct me if Im wrong.
Now one of the brokers im currently with they charge more on one side, I am talking to them now to work it out it just doesnt seem like cricket lol, but the other broker I have a accoutn with they charge the same both sides of the trade.
Now the broker that charges more on one side, sometimes its a fair difference in price which for the life of me I cant work out why.
Has anyone else had these experiences or can explain whats happening.
Its been happening with all the usual future cons.
Cheers
  • #2
  • Feb 18, 2013 11:14pm Feb 18, 2013 11:14pm
Quoting sutters
Hey Guys,
I was wondering about peoples experiences with different brokers with the roll over on futures on mt4, now as I understand it there should be no diff between the prices charged and recieved as in lets say the roll over happens and the Oil price gaps up 40 points which it seems to do every month.
So from 90.00 to 90.40 and lets say you have 1 con short and 1 con long ( 10 bucks per point, close enough) so a hedged position.
So you should be charged 400 for the long and recieve 400 for the short, correct me if Im wrong.
Now one of the brokers...
Just another reason to trade futures and not CFD "futures".
  • #3
  • Feb 18, 2013 11:31pm Feb 18, 2013 11:31pm
Quoting sutters
Hey Guys,
I was wondering about peoples experiences with different brokers with the roll over on futures on mt4, now as I understand it there should be no diff between the prices charged and recieved as in lets say the roll over happens and the Oil price gaps up 40 points which it seems to do every month.
So from 90.00 to 90.40 and lets say you have 1 con short and 1 con long ( 10 bucks per point, close enough) so a hedged position.
So you should be charged 400 for the long and recieve 400 for the short, correct me if Im wrong.
Now one of the brokers...
i don't know why this forum can't get it into it's collective heads, but being long and short is.... being flat. i.e. not a position.

consider the uneven rollover (which occurs basically everywhere) as a penalty for having two tickets open but actually being flat. you are penalized for doing something nonsensical and for wasting the brokers time with two tickets open which cancel each other out. the brokers are here to make money, not endorse childish games.

take it as the equivalent of being charged for a glass of tap-water when you go into a restaurant and order nothing else.
Congratulations ScalaFX for coming out of the closet!
  • #4
  • Feb 18, 2013 11:48pm Feb 18, 2013 11:48pm
The proper futures con for Dax has large margin and 32 ish bucks per tick minimum size so cfd futures are perfect size and can split orders etc and yes even hedge.
The SPI200 is perfect on cfd futures aswell mostly 1 point spread with no commish why would you go futures there, the emini yes has a wide spread but I dont really trade her so no worries.
Anyway I just want to hear of anyone with that experience, no judgements needed.
  • #5
  • Edited 12:26am Feb 19, 2013 12:26am | Edited 12:26am
Quoting sutters
The proper futures con for Dax has large margin and 32 ish bucks per tick minimum size so cfd futures are perfect size and can split orders etc and yes even hedge.
The SPI200 is perfect on cfd futures aswell mostly 1 point spread with no commish why would you go futures there, the emini yes has a wide spread but I dont really trade her so no worries.
Anyway I just want to hear of anyone with that experience, no judgements needed.
I have experience with synthetics, which was the reason I suggested real futures.

I wont even go into SPI, spreads and "no commish".....
I hope someone provides the answer you seek to your specific question.
  • #6
  • Last Post: Feb 19, 2013 12:30am Feb 19, 2013 12:30am
No worries Alpha, been to real futures and may go back some day but as I said the Dax is alot easier to manage on CFDs.
Cheers
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