This instructional video description was created precisely in order to highlight the main aspects of time and tell all that relates to the time frame to trade in the Forex market.
Every trader needs to remember that the Forex market is open 5 days a week and 24 hours a day. Each of Forex brokers (regardless of the trading terminal) operates in accordance with its own time, is determined by GMT. Quotes, thus, all displaying the same. That is, the market works in the same real-time across the globe, but refer to different time - in the United States are among the numbers on the clock, at the same time in Russia - quite different.
It all depends on the broker's location, binding the trading terminal to the time GMT The "-" or "+". Particular attention should be paid to the fact that some brokers are changing the time from winter to summer, but this is not mandatory. For this you need to follow if a trader binds their trade to a certain time frame, sessions. As an example, while several brokers: Forex4you - GMT + 1 in winter and GMT + 2 in summer, Alpari winter GMT + 1 in summer and GMT + 2.
To find the difference time broker in relation to the GMT time, it is best to use Clock_v1_3.mq4 indicator (in order to download it, just click the right mouse button and select "save as ..."). The indicator displays the trading terminal such data: the time after the last bar GMT The time, terminal time (broker or dealing center), the time in different cities around the world has been opened.
To indicator started to work, it must be set in the MetaTrader4 trading terminal, make sure the "Allow DLL imports". Powered indicator only when the Forex market. If you want to know how much time dealing center or broker is different from GMT The time, just one value is subtracted from the other.
On the world market there are only 4 trading sessions Forex: Asian session, Pacific session (the most quiet, it is often ignored), the American and the European session. The majority of Russian traders work on the CET, which is always different from Moscow for two hours.
Pacific session in Washington runs from 19.00 to 3.00 on GMT, in Sydney - from 21.00 to 5.00. In Russia, Ukraine, other CIS countries, saving time pass last Sunday in March, at 2.00 local time is 1 hour ahead. The reverse transition to winter time is carried out in the last Sunday in October at 3.00 local time is 1 hour ago. In the summer in Europe (CET time) moving at 1.00 GMT on March 25 for 1 hour ahead at winter time pass at 1.00 on 28 October 1 minute ago.
Very important is the time factor in the transactions that are. To work in the currency market written many strategies based on time performance of the trading session or at a specific time on the GMT. By Forex strategies are often tied advisers for the trading platform, so the time in the Metatrader 4 - an important indicator. It is in connection with the use of advisors and strategies traders are faced with a time factor.
Downloading strategy and advisers from the site, you need to remember some of the nuances. After downloading and installing the strategy, it is not necessary to change them during the transition to summer time or winter: here, this value is constant and does not allow for transitions. If the EA is time, for example, GMT + 1, it is still no need to change it for the winter or summer.
Considering that in many countries the translation with a difference of one or two weeks, you need to understand how to use advisors in this period. The best way to trade in the same way as usual, regardless of the difference in hours. If the fact of the difference trader confused in time, then it is better to refrain from trading during this time.
It is necessary to understand and with what setting to put in GMTShift downloaded Forex advisors. All counselors on site Estimated time for the broker, equal to GMT + 2 in summer and GMT + 1 in winter. To find out which option you need to install a trader, it is advisable to install the trading platform Clock_v1_3.mq4 indicator to test and find out the difference with GMT The broker, respectively, by changing the setting GMTShift.
Many traders ask the question that needs to be changed in the forex advisor parameters, for example, at these rates: GMTShift = 2; DelTime = "18:00"; StartTime = "04:00"; EndTime = "06:59"; if it differs from a broker and corresponds to GMT + 3 in summer and GMT + 2 in winter. In this case, you need only change the parameter GMTShift =. And if the broker he is "2", for the trader, he would look like this: GMTShift = 3.
By changing some parameters of Forex Advisor, it is advisable to test the adviser in DC, check the correctness of changes in this parameter. If everything is correct, the test should be identical to the one obtained when purchasing advisor in the archive. Tests advisors best done at Alpari since this DC offers the most comprehensive archive of quotations, tests and gives the most correct. To determine the accuracy of the test need to pay attention to the parameter "Modeling quality" (90%), while the number of mismatch schedule is 0.
These figures show about downloading all the quotes provided by the DC. Often, as 90% of tests of various DC differ due to incomplete quotations archive. Proof of this - two parameters: the number of transactions for the selected period of time in the two DC (one of them Alpari) and transactions in the Alpari more than in DC trader; number of bars in history (often at Alpari are many more). Testing of the adviser is to Alpari gives confidence that it works correctly and is working at all.
It often happens that traders use the RETURN Advisor, and DC time differs from Alpari, and it is not clear which parameters to change. In this case it is enough time to change Hour_Send issuing orders and execute test strategies after the change of the time parameter. If the adviser does not have time to install all the necessary orders on time, it is necessary to increase the setting Shift_Minute - offset in minutes to open a position.
One of the most difficult issues in the Forex market is the question of the possibility of trading in the currency market strictly on time, the possibility to guess when it will next turn, a sudden movement. Commercial time is quite possible, but it is not as simple as it may seem at first glance.
Trading the News called forex strategy to trade at a certain time on the currency market - in the moments when there are news regarding the economic performance of different countries, which is why the market is in these moments make sudden movements, often quite unpredictable.
The trade is often used Fibonacci time zones, but they do not always accurately indicate when the direction in which the turn in the market will occur. But if dedicate this issue enough attention and effort, you can achieve some positive results in the preparation of spreads forecasts.
Pretty urgent may be trading on the Forex sessions. In this case, you need to pay attention to the American and European session, since that is where there are basic movements of the currency market. This is true if we are talking about the Forex timeframes, not exceeding the daily interval. You can find Forex Strategy, the following time frames to trade well in time.
Trading MetaTrader4 terminal offers a useful function - removal of the appointed time of a pending order.
If there is a bird - it means the function is activated, then you need to choose the time and date when the order is triggered to be removed. This function is useful in that it gives the opportunity to cancel orders in the event that for some time the market has not activated the warrant. Delete order, the trader can play it safe and avoid tripping order at the wrong time.
It is also advisable to remember the time through which is open orders to close or delete pending. It is necessary to do if a trader opened a warrant (or activate a pending order), after which the market price is not the right direction for a long time. The market froze or went in the right direction and stopped, but did not reach take-profit - in this case it is better to close the order or relocate it to the break-even level.
When the price is near the stop-loss or periodically allows close in bezubytka, better close to breakeven or wait for the stop-loss. The market is better to enter later, if things do not develop as it should trader. After a successful trade is only possible if the trader is able to calculate the most successful market entry point and make time Forex ally.
