Hello everyone, my question is about the time setting and the construction of candlesticks with it.
I live in Spain and I want to set up the American market in time exchange.
The correct thing would be to be able to mark market time and that this is automatic, but it is not possible, I have to indicate the correct one.
If I set it and I set the hours, it works fine, but the problem is that in intraday and out of intraday it does not detect correctly the end of the market.
If we look at the contract specs of the S&P (for example), we have that:
CME Globex:
Sunday 6:00 p.m. – Friday – 5:00 p.m. ET (5:00 p.m. – 4:00 p.m. CT) with a daily maintenance period from 5:00 p.m. – 6:00 p.m. ET (4:00 p.m. – 5:00 p.m. CT)
To begin, with it is difficult with the platform configuration to cut the downtime between 5pm and 6pm.
Secondly, the daily candlestick construction incorporates half of the Sunday market when that part should go on the Monday candlestick.
I don’t know how to fix that.
There is a way for this to build perfect and that is to put the Spanish time, but it has a problem, during 4 weeks a year there is a time lag due to time change and that is not only a problem of operation, but of backtest (because it invalidates them completely).
I have been looking for information in the forum or I have not been able to find it or I have not found it, that’s why I am writing this so that someone can give me some light.
Thank you very much. Best regards.