cost of daily timeframe

• 02/11/2019 at 9:20 PM #91096
  jebus89

  Is there a way to avoid the high cost of trading at 00.00? Without having to go to other timeframes.

   

  For example:

   

  Wall Street 24 timer

  10 $ / 2 $

  09.00-15.30 15.30-22.00 22.15-22.30 23.00-00.00 Any other time

  2,4 1,6 9,8 9,8 3,8

   

  

  jebus89

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  02/11/2019 at 9:40 PM #91098
  robertogozzi

  With IG the daily TF closes/opens at 01:00 am (utc 00:00+1).

  Daily strategies using only one TF cannot but trade at that time, I’m afraid.

  

  robertogozzi

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  02/11/2019 at 9:51 PM #91099
  jebus89

  Oh so i guess i dont have to pay the top penalty then? Thats good

  

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  02/11/2019 at 10:29 PM #91104
  Vonasi

  You answered your own question. You need to go to other time frames to avoid high spread costs at 0000UTC. One method is to test and develop a  strategy on daily charts and then adapt it to simulate daily candles from say 0800 to 0800 and then use these for your trade entry conditions. It means you have a lot less data to back test on but then if it worked on daily candles and then still works on your simulated daily candles then you have some confidence that it is a robust system. A kind of IS and OOS test using a different time of day as the start point.

  

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  02/12/2019 at 8:45 AM #91121
  Nicolas

  Buy and sell on the same bar with a daily timeframe strategy

  

  Nicolas

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