How to Roll Over Your Futures Contracts

It’s just about roll over time! The official roll date for E-mini futures is March 8, 2018. This means that the E-mini and other popular index futures will switch to a new contract period. In this case, the E-mini will use the June contract. In NinjaTrader, this means that you’re switching from ES 03-18 to ES 06-18. Fortunately, rolling over contracts is a straightforward process.

Be sure to follow these instructions on March 8, 2018 or soon after. The market volume is in the process of shifting to this new contract. Some traders prefer to wait until the majority of the volume is in the new contract before trading it. You can compare the volumes on this page. As of writing this on March 7, 2018, the volume of “MAR 18” is 1,433,648, compared to “JUN 18” at 127,304.

How to roll over:

1. Firstly, go to NinjaTrader’s Control Center > Tools > Database Management.

E-mini Roll Over 1

2. Next, if you are following these steps on March 8, 2018 or after, you should see the ES in the futures instruments list. Click the Rollover button and NinjaTrader will magically roll over your contracts.

E-mini Roll Over 2

3. Close out of the Database Management window and go to your charts. You should see that your E-mini chart is now ES 06-18. If not, you should be able to select it from the drop-down.

E-mini Roll Over 3

Remember that futures contracts expire on a quarterly cycle. The next time you’ll need to roll over is June 7, 2018. Click here for future dates. At that time, you’ll roll over to ES 09-18. What happens if you trade a contract after the roll over? Well, eventually, you’re going to see many dojis and erratic looking price activity. This is a sign you need to roll over as soon as possible. It’s best to check with your broker if you placed trades after having missed the rollover date by a few days.

Leave a Reply

All fields are required. Your email address will not be published.