I’m new to futures and have my first SQ futures strategy that seems to make money consistently, but I’m running into problems when testing it on my broker’s (AMP) demo account, note this is on MT5.
1- Is symbol @ET in SQ the same as @MES in CME and my broker? If so, why does SQ uses a different symbol name? It seems unnecessarily confusing, but I’m sure there is a reason for it.
2- Notice the following error messages taken from the MT5 journal when testing the strategy:
VERBOSE— 2019.05.12 04:03 Based on its logic, the strategy tried to place stop/limit order at incorrect price. Market price: 2885.75000000, min. price allowed: 2885.75000000, stop/limit order price: 2885.50000000
2020.09.12 21:06:58.508 2019.05.12 22:00:00 failed buy stop 0.1 @MES at 2885.50 sl: 2826.75 tp: 2943.00 [Invalid volume]
Could this be an issue of using different symbols as noted on my point #1 above?
Any help will be greatly appreciated.
trading futures is not so simple and you need to know what you are doing
there are many contracts – mini, micro, full – continuous contracts, rollover months, etc.
AMP is using these namings – https://www.ampfutures.com/trading-info/margins/
for trading futures contracts you need to put it to an actual contract, so for example now MESU20, which will expire very soon you will need to manually move to another contract MESZ20
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