Ok, thanks Gary & Lifesys. Beginning to see why Alpari UK moved to GMT+2 now. Never bothered me before as i was focusing on m5/m1 charts. But since i came across NB10 it started getting confusing with brokers all over the timezones.Lifesys wrote:Gary is absolutely correct. The real problem for Forex is those agencies who do NOT use NY close time as the end of a week - a real 5 day week. GMT+0 agencies split H4 candles up - hence the absurdity of "Sunday candle" being part of a H4 & part of D1.
The "Aussies" are not the only smart ones. FinFX & many other intelligent agencies use GMT +3/+2(DST)
That might be a bit much to ask, but some clarity is sometimes needed. I've also seen many a discussion about the same topic, all over the fora. And it can be hard to explain at times. Good thing about Demo accounts, you can get the brokers platform and test within minutes. The server GMT time is relevant though when posting charts. Like garyfritz says, on a 6-day D1 candle, the Stochs differ, be it just slightly, as do other indi's. Might still be that the number of trades even out in the end, over a longer period.Many Forex groups will only work with NY close synched charts, being THE system that makes sense.
Just Google "NY Close Charts" and see why.
My view is that anyone posting EAs on a forum should set up with NY close (GMT+3/+2) synch charts or the "time" fiasco continues. Some Forums such as Nial Fullers only accept NY close charts
Sorry for getting off-topic... it's the Gday2 thread.
Find myself getting anxious sometimes, being used to watching the lower TF's, can't wait till EOD (23:00 overhere) to see if Gday like's any pair
Cowboy IBFX AU (demo) quit sending data at last night at 20:59:59 (GMT), where GO and Alpari did not. Bit weird?