Maybe foolish question Backtest, Nasdaq, CFD, Futur
- This topic has 20 replies, 5 voices, and was last updated 3 years ago by
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1) what is the exactly menmonique or ticker or ISIN of the Nasdaq 100 Futur pls ?
What JS said will be correct. But a platform (like PRT) can make anything of it. So watch out … 🙂 here goes :
Attachment 1 shows NQ0322 for the in March expiring Nasdaq 100 Mini Future (PRT tells me that it has ISIN NQH2). This is the most formal as can be, BUT it is traded in PRT-IB (not in PRT-IG that we could find yesterday – thank you @GraHal). Now look at the 2nd attachment, which is the very same for the currently running Future. But … Look again at your fine/smart question :
3) and if the Futur share have to close every month so what about the technical analysis ? because if the share is existing only for a month so the technical analysis will be a mess, and the Backtest will mean realy nothink
In that 2nd attachment you will see the NQ symbol again, but now with XXXX behind it (ISIN NQXXXX). And the XXXX denotes the history as well. So this goes back over future contracts and not only the current one (which btw goes one month back as well).
This works like this for all Futures and it is really a smart feature of PRT. Thus for example the S&P500 will be ES0322 for the current contract but it also exists in an ESXXXX version. Both do/trade exactly the same.Nasdaq futures are traded on the GLOBEX exchange, part of CME Group.
Take that into account too because more exchanges exist and the specialty of GLOBEX is that it trades 24/7. Others do not (you may choose a wrong one) and be surprised that all is dead. See 3rd attachment. You would want the first or the fourth you see in there.
In the 4th attachment you see a couple of Futures and how the Broker names them. In there you see the NQH2 again. The H2 changes each new contract and formal rules for the naming exist. For example, the 4th quarter of 2021, the NQ was named NQZ1. 4th Q of 2020 it was NQZ0. 1st Q of 2020 should have been NQH0 (I didn’t look up that one).
Now you know everything !
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but Future product it’s or share I don’t know how to said, it’s an Official product and you can trade it only in the official market
- But anything implying – Future – with IG is not the Official Future, it is an IG Instrument derived from the Official Future and is only traded in-house inside IG by IG clients only.
- Hence, for example, any volume shown against an IG-derived Future is volume ONLY of in-house / inside IG trades by IG clients.
Anybody please correct me if either / both of the above statements are wrong?
I am only stating 1. and 2. above for clarity so we know what we are discussing here … not Official Futures, but IG-derived Futures.
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To add some confusion to the discussion : 😉
The Fx CFD’s from IG is also a derived product of which I personally (kind of) claim that it is manipulated by IG in their advantage. *That* this is so, I don’t care much about, but it causes 100% INcompatibility with PRT-IB, thinking of AutoTrading. Nothing can work the same for both platforms/brokers and even long term averages give completely different crossings (so much so that the working code for the one, complete fails for the other).
Why do I say this ?
Well, because I coincidentally have the experience with normal Fx on IB vs. CFD Fx on IB and at some stage I could compare both; they are 100% equal.
Thus, the fact that an instrument is per CFD does not mean that it creates its own market (like IG does) and that it will have different values compared to the real thing. IB is the example of that.1 user thanked author for this post.
Yes, thats correct “not Official Futures, but IG-derived Futures” (not regulated).
The volume is NOT “ONLY of in-house / inside IG trades by IG clients” but a “copy/paste” from the regulated futures.
The price of the IG futures are also a copy/paste from the regulated futures PLUS a little “magic” from IG.
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The bottomline is you can’t trust these numbers because they are not regulated, it is all in house calculation.
When I look at the Nasdaq future and the Nasdaq Mini future (two different contracts) they have the same volume (highly impossible).
I don’t know about the CFD’s but I am skeptical…
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