Time Zone, Trading Hours and Pivots

Forums ProRealTime English forum ProRealTime platform support Time Zone, Trading Hours and Pivots

Viewing 9 posts - 1 through 9 (of 9 total)
  • #73662

    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

    #73672

    You can try to modify the time zone to the NY one like in the picture below:

    data-new-york-times

    (this menu is the “custom trading hours” you can get with a right click in the chart window).

    #73734

    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

     

    #73742

    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).

     

     

     

    #73846

    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

    #75523

    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.

    #89911

    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

     

    #90123

    @achel

    Never seen this error message before. You should send a technical report problem through the platform.

    #90125

    Thanks Nicolas

     

    I did send the report and all is back to normal now.

     

     

Viewing 9 posts - 1 through 9 (of 9 total)

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