Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Unlike an actual performance record, simulated results do not represent actual trading. Past performance is not necessarily indicative of future results.ĬFTC Rule 4.41 – Hypothetical or Simulated performance results have certain limitations. Nothing contained herein is a solicitation or an offer to buy or sell futures, options, or forex. Only risk capital-money that can be lost without jeopardizing one’s financial security or lifestyle-should be used for trading and only those individuals with sufficient risk capital should consider trading. An investor could potentially lose all or more than the investor’s initial investment. Use of the information contained on the Company’s websites is at your own risk and the Company and its partners, representatives, agents, employees, and contractors assume no responsibility or liability for any use or misuse of such information.įutures and forex trading contain substantial risk and is not for every investor. Testimonials appearing on the Company’s websites may not be representative of other clients or customers and is not a guarantee of future performance or success. None of the information provided by the Company or contained herein is intended as (a) investment advice, (b) an offer or solicitation of an offer to buy or sell, or (c) a recommendation, endorsement, or sponsorship of any security, company, or fund. If repeat violations, Topstep may ban the trader from use of all or a portion of the Site and Services.Īll content published and distributed by Topstep LLC and its affiliates (collectively, the “Company”) is to be treated as general information only. If Topstep identifies trading activity that, in its sole discretion, relates to Prohibited Conduct, Topstep reserves the right to, delete the trading day and all profits, restart the account or close the account. To mitigate Prohibited Conduct, gambling behavior and exploiting the simulated environment, all trading accounts that have any trade day that exceeds 200 total contracts will be subject to review by our Risk and Compliance Team. ![]() Now that you know how to identify the current front-month, check out How do I change the contract month on my platform article to see how to change the contract month in your platform and also tips for knowing when a contract roll occurs. If you are trading Crude Oil (CL) and the front month is December your would trade CLZ9 or CLZ19 (depending on your platform.)Ĥ. Tip: Some platforms will use "9" for 2019 and other platforms will use "19." Combine the Product Symbol, Month Code from the contract that has the most volume at that given time, and add the year. The next step is to build your full product symbol. From the example above you would use Z for December. Next, you will need to Identify the Contract Symbol Month Code. E-mini S&P 500 (ES)īelow is an example from October 2019 which illustrates December is the front-month based on the highest volume among the available contract months at that given time.Ģ. Below are links to the CME page you can use to verify the volume for our supported products. An easy way to do this is to view the product quote page from the CME website. Identifying the contract month with the most volume is the first step in identifying the correct product symbol to trade. With more participation, traders can get in and out of positions with greater ease, reducing your overall risk.ġ. ![]() Markets that have more participation and volume are more liquid. At Topstep®, we define the front-month as the contract that currently has the most volume. We understand that different traders have different criteria for identifying which contract is the front-month.
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