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What is a Future Group

 

What are Futures Groups?

Futures Groups are the Future Symbols that the Galactic Trader will automatically  rollover for you.

When you want to create a Symbol that is a Future contract do not use the New Symbol Window.   If you do, new futures contracts will not be automatically added.

 

Click on File then Futures. The Futures list window will open.

 

 

 

When you click on the futures menu or right click in the Futures Groups window you will have the following options:

 

New Futures Group Create a new future group.
Edit Futures Group Will edit the selected future group.
Delete Futures Group Will delete the selected future group (ALL DATA FOR ALL CONTRACTS IN THIS FUTURE GROUP WILL BE LOST).

New/Edit Futures Group Window

 

The next picture shows the Create New Futures Group window. The inputs are the same as the Symbols window except for the addition of  the expiration  month choices.

 

 

 

Select the exchange where the future contract is traded, this will make the future contract use the exchange’s defaults for trading time, folder and unit. You can change these values if you desire.

The symbol has some unique features.

For example, the symbols for the S&P are normally, SPM0, SPU0, SPZ0, SPH1, SPM1. However, we do not type the month and year next to the root symbol in the symbol box. What we do type is SP?!   The ? will automatically be replaced by the months that you selected for this group and the ! will automatically be replaced by the year.

If your data vendor formats their symbols with the year before the month such as SP0M, SP0U, or SP0Z then use SP!? (ie. Flip the ?! and make it !?)

If your data vendor does not use the year (for some European and Asian markets) do not use the !.

If the symbol you need to use has more information like SPU0.LAST or SPU0/LS then still use ?! in the place of U0. For example,  SP?!.LAST or  SP?!/LS.

Type the description you want for this futures group. Keep descriptions short.

Click on trading times to change the times if the futures symbol’s trading times are different from the exchange’s default trading time.  The trading time window will show:

 

 

Select the trading days and type the correct times. Short cut: if you double click on any time, that value will be copied to all trading times on the same column.  Click OK to finish.

When using decimals as your “unit” you will need to type the Tick Size for this symbol. The tick size is used to calculate many indicators. For example the Dow Jones Industrial trades in 0.01 increments and the S&P futures trade in 0.1 increments.

Select a Folder you want to store the symbol in if different from the exchange’s default folder.

You will need to select all expiration months that the selected futures symbol trades. In this case, the S&P  has expirations months of March, June, September and December.

Click OK and the group will be created. Now, when the current futures contract expires the program has already created and collected data for the next contract for you. You will never have to manually create the next expiration month.

 

 

 

SP 02/03 to SP 02/12 are real time future contracts that the program collecting data for. When the SP 02/03 (March 2002) contract expires the program will move that contract to the Archive folder and create a new contract to collect data for March 2003. It will be the SP 03/03 contract.

 

Copyright © 1996-2002 PAS Astro-Soft, Inc. Last updated: April 23, 2014 All names mentioned in this document are trademarks or registered trademarks of their respective owners.