Trading in Different Time Zones
- This topic has 4 replies, 3 voices, and was last updated 2 years ago by
.
-
There is not one correct answer, here are a few things to consider to help you make the decision …
- Does your broker make a market 24 hours 5 days per week?
- Does your Algo generally lose money out of hours?
- What not include and optimise a Time Condition so your Algo automatically does not trade out of hours / during hours when it generally loses money?
- Do you sleep better when your Algo does not trade while you are asleep?
1 user thanked author for this post.
Good advice from Grahal, as always. The other thing you seriously need to consider is the spread – often overlooked, but actually one of the major factors in whether an algo will make money or not.
The spread on Aus200 and FTSE100 is already very poor in open hours, out of hours it’s disastrous.
The best value indices across the full 24 hour period are the DJI, US500 and US100 Tech, all approx 0.0125%
The DAX is next best at approx 0.018%
By comparison, the FTSE and Aus200 are both around 0.032%, 2.5 x more expensive. This is a killer.
So on that basis alone, I personally wouldn’t go near either of those indices, but if I did I certainly wouldn’t have them entering trades out of hours.
Even with the better value indices (based on endless testing and bitter experience), I find it’s rarely a good idea. I only enter trades during open hours, then let them run 24/7
You can easily run your own tests with a code such as
1Tradetime = time >=h1 and time <h2Add Tradetime to your entry conditions and optimize h1 and h2 in steps of 10000
You would need to start the FTSE Algo on UK Time and the ASX Algo on AEST time … see attached at red arrowhead.
After doing above you can change / run your Platform on your chosen timezone and the Algos running in ProOrder will continue on the timezones you set them running on (UK and AEST).
1 user thanked author for this post.
Find exclusive trading pro-tools on 
