Rolling tips!
Posted: Tue Apr 22, 2014 11:52 am
Hello everyone,
Does anybody have any tips on rolling cost effectively from one futures contract to the next. I roll based on open interest by sending calendar spread orders however I am not sure whether to use market spread orders or limit orders (to save some pips) or something else.
Market orders execute easily and safely however you pay the bid/offer and it costs more in spread which can add up over time.
Limit orders can be more cost effective spreadwise but you run the risk of pricing yourself out of the market and miss the liquid period.
Any other ideas would be greatly appreciated!
Does anybody have any tips on rolling cost effectively from one futures contract to the next. I roll based on open interest by sending calendar spread orders however I am not sure whether to use market spread orders or limit orders (to save some pips) or something else.
Market orders execute easily and safely however you pay the bid/offer and it costs more in spread which can add up over time.
Limit orders can be more cost effective spreadwise but you run the risk of pricing yourself out of the market and miss the liquid period.
Any other ideas would be greatly appreciated!