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Futures

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Software - Data Manipulation

Maddock Futures Software allows the user to be able to update the daily prices from over 100 futures and key spot/cash markets from 14 exchanges from around the world.

Manipulation of the data provided from the exchanges is essential to determine trends in the long term history of the particular instruments in your portfolio. The data can be seen in chart form or in tabular form using the Maddock Futures software or Maddock Charts software.

As a futures trader and tester you will need to look to some extent at different variations and presentations of the futures data. Maddock Futures software allows the user to see the data in three variations that compliment each other:

1.The underlying contracts, or the nearest futures contracts, along with the nearest futures history for all the instruments in the database.

2.The continuous futures contracts which are back adjusted so that the trader may backtest potential trading systems that the trader may wish to utilise. The continuous contracts are ready made and Maddock Futures software has the ability to change the underlying roll settings in a number of ways to suit personal requirements.

3.Spliced contracts which allow the trader to look at absolute percentage movements in prices between neighboring contracts.

The three variations of contracts are updated automatically as part of the daily update routine.

Maddock Charts

The data can also be displayed using Maddock Charts software (supplied with your futures subscription) which allows the user to utilise the following indicators:

Volume

Moving Averages (up to 5 at once, simple and/or exponential)

Bollinger Bands(can display using decimals e.g. 1.7)

Parabolic SAR

Linear Regression

MACD Oscillator

RSI

Stochastic Oscillator

Williams %R

Momentum Oscillator

ATR ( Turtles N )

On Balance Volume

Directional Movement

Maddock Charts allows the user to see a cross section of instruments across all the Maddock Data International range. You can therefore monitor Forex, futures and stocks displayed in different "Libraries" at the same time if you are trading or testing across an instrument diversified portfolio.

Currency Converter Module

The currency converter allows the user to see what the latest Forex rates are to convert between currencies against the US dollar. The service is dynamic which means each day the conversion rates will be updated to reflect real time rates.

Futures Calculator Module

If you are new to trading, then sometimes tick size, contract size, the position of the decimal point, fractional quotes, profits and losses between entry and exits can be confusing. Maddock Futures software has a futures calculator module that alleviates much of this confusion by allowing the user to enter entry and exit points to determine profits and also see contract specifications for the particular instrument which are kept dynamically updated.

Moneymanagement Module

The concept of controlling risk is essential to remaining a profitable trader in the markets. The Moneymanagement module allows the user to calculate risk on a per instrument per contract basis.

The trader therefore will want to know how many contracts of a particular instrument he can trade on any particular day. Known in advance are the following:

The amount of money at risk

The entry price

The stop price

By inputting the above, a calculation will be made of how many contracts to trade.

Also, a more advanced concept is Risk Equalisation. The Risk Equalisation platform allows the trader to determine the same degree of exposure between differing instruments on the basis of recent volatility. Volatility is determined using the average true range concept which the number of days factor used in the calculation is fully adjustable.