I’m working on a bit of MTF code so that with a daily or weekly strategy trades can be taken when the spread is more favourable rather than at midnight – which for most US and EU markets is when the spread is at its largest. My question is that on this IG page times are shown for when the spread changes: https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-indices-spread-bet-product-details …but do they change exactly at the time shown? If I use the 1 Hour chart as my shortest time frame and open the trade at the open of the 0800 candle for example will I actually get the better spread or should I wait a bit? It is very difficult to eyeball on the markets at the times shown. Yes I could just switch down to a five minute or 1 minute chart but I would like to use the 1 hour chart or even four hour chart if it ties in with the earliest time to get the best spread so as I get more back test data. Has anybody seen any issues with their strategies when opening on the exact hour of the spread change? Does anyone ever see a delay in the spread change? I don’t really spend much time watching the markets at the opening as I am more of a daily/weekly trader so maybe the market open is not the best time to get in to the markets anyway – any intra-day traders got some advise on this?
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