AMP Futures: export from your platform, check against the statement

AMP is a futures broker with its own clearing firm, and it supports more than fifty platforms. Its statements come from the client portal as PDFs, which a journal cannot read as trades. So the trades come from the platform you trade on, and the AMP daily statement becomes your fee check: it itemises commission, exchange, NFA, clearing, platform and data fees, which most platform exports leave out.

Step 1: export trades from your platform

Pick the guide for the platform you actually click buy on:

• Sierra Chart: Trade Activity Log, Trades tab or raw fills.
• Quantower: Trades panel, Export Data (not on CQG connections).
• R|Trader Pro: Order History, a week at a time.
• NinjaTrader: Trade Performance executions.
• MetaTrader 5 at AMP: the MT5 History report, or live sync with RBSync.

MT5 is the one AMP route with live sync. If you trade AMP through MT5, the read-only RBSync EA sends each closed trade to the journal on its own.

Step 2: get the daily statement

1. Log in to the AMP client portal.
2. Open Document Center > Account Statements.
3. Click View on the day you want, then the download arrow to save the PDF.

AMP says daily statements are typically in the portal around 2 to 3 AM Central time, and they are also emailed on days with trading or funding activity. Tax forms are under Document Center > Tax Forms.

What is on the statement

AMP's daily client report has four parts: trade executions, account balances with realised and unrealised P&L, fees and charges, and margin requirements. The fees section is the valuable one. AMP itemises it by category:

Step 3: make your journal's fees honest

Most platform exports show either no commission or a figure the platform calculated from a rate you typed in once. Here is how to fix that with the statement:

1. Add commission, exchange, NFA and clearing fees for one day. Divide by the number of contracts traded that day, round trip. That is your true all-in cost per contract.
2. Set that per-contract cost in your platform before exporting (Sierra Chart: Round Turn Commission in Symbol Settings), or add it to the trades in the journal.
3. Treat platform and data fees as monthly overhead. They do not belong on a single trade, but they belong in your monthly review.

Example with made-up round numbers: a day with 40 round-trip contracts and 98 USD of trade fees in total is 2.45 USD per contract all in. On a micro index contract where a 2 point win is worth 10 USD, a quarter of that win goes in fees.

Monthly review for AMP traders

• Gross P&L, minus trade fees, minus platform and data overhead. That last line is your real month.
• Fees per contract over time. If it rises, check whether you moved to a different product.
• Drawdown in R, not dollars. Our drawdown guide explains why.

Check the journal against the statement once a week

Pick one day each week. Take the realised P&L on AMP's daily statement and the net P&L the journal shows for the same day. If they match within a few cents of rounding, your imports are complete and your fee setting is right. If the journal shows more profit, a fee is missing; if fewer trades appear, a file is missing. Five minutes a week keeps a year of data honest.