Know your expiry (NYMEX in particular)

Are you jumping to the conclusion that NYMEX doesn’t work in BT?  The problem most probably is in the expiry. Most futures instruments(like ES) expire on a quarterly basis, but for NYMEX, the expiry is monthly.  For example, at this time (March 2, 2011), the next expiry date is mid-March. However, the contract traded is already April 2011 (J11).

http://www.liveoilprices.co.uk/oil-expiry-dates.html

You should know the nuances of the instrument you are trading.  For NYMEX in BT, the expiry should already be 201104 –

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