Hi guys. I’ve been trading part time for 3 years still balancing a full time job.
Mostly on MT4 but I love the look and feel of PRT and having been slowly working my way around.
One thing I’d like to setup is how I see my time and bar setup.
I”m in Melbourne Australia but my broker is NY time so I’d like to setup PRT so I see the bars exactly the same way and my pivots work on NY time.
I’ve been fiddling around int eh Platform area with no luck.
Any ideas?
Cheers
Dan
You can try to modify the time zone to the NY one like in the picture below:
[attachment file=”data new york times.png”]
(this menu is the “custom trading hours” you can get with a right click in the chart window).
Thank you Nicolas for your quick reply.
I’ve tried that and there’s still a difference.
I use Pepperstone which has a NY close but when I choose Pro Real Time and NY, the bar’s don’t align at all.
Cheers
Dan
Bars will NEVER align among different brokers, some close bars at 22 utc+2, some at 23 utc+2 (classic NY close), some at 00 utc+2, some at 01 utc+2, there’s no rule in Forex.
When they build any candle (above 1h TF) they do it according to THAT time. You can only change your time zone settings to display them with a different time (which is just a tag), but you CANNOT change the time they build it.
It may happen that a 2-hour candle for a broker is completely different for another broker’s charts. Only the clients of a broker, no matter where they are in the world, will see the same candle at the same moment.
Usually this doesn’t affect trading, since you may have a big engulfing candle in one broker’s chart (which is usually said not to require confirmation to open a trade), while in another broker’s chart you may see two smaller candles, the second of which is usally a confirmation (in case the direction changed), after the first one, to enter a trade.
You may like or dislike this, but there’s no workaround!
If you want to operate according to NY opening/closing hours you’ll have to open an account with a broker using that time to build candles (then you’ll modify your setting to display those candles with a different tag, say utc-3, utc+9….. whatever you prefer).
Thank you for your quick reply Roberto and advice.
I’ll play around with the settings and see what I can do.
I enjoy pivot point trading so the weekly and monthly pivots are pretty much the same.
It’s the daily pivots that it impacts more but still workable.
Cheers
Dan
Understand that Pepperstone Server are in +1 to GMT and that my give you insight to the right setting which will correspond to hourly chart but will never be the same for 4 hours from my experience.
Hi Everybody
I wrote 2 strategies to trade on the FRANCE 40 Cash 1E (PIX)
and on the US 500 CAsh 1E (SPTRD)
both on Market = GBL_EUR
When I launch them I have this message “strategy.request.timezone.error”
I cannot find the process to adapt this time zone to this market. Help
Thanks
@achel
Never seen this error message before. You should send a technical report problem through the platform.
Thanks Nicolas
I did send the report and all is back to normal now.
