Hi all,
I have an end-of-day strategy that I trade on a discretionary basis and would like to automate. The thing is, it's impossible to trade it on daily bars that close at 5PM EST (GMT+2) due to the widening of the spread. This has launched me on a search for a suitable GMT+0 broker offering trading on MT4. However, there aren't many left, and I've yet to find one that meets all my requirements (one of which is a non-expiring demo).
Based on this experience, I'm hoping to get advice/help from other traders with automated end-of-day strategies.
Do you use a GMT+2 broker? If so, how do you handle the wide spreads at 5PM EST?
Do you use GMT+0 broker (or a broker with some other time setting) to avoid the wide spreads. If so, could you let me know the broker's name so I can check them out.
Thanks in advance,
drofwarc
I have an end-of-day strategy that I trade on a discretionary basis and would like to automate. The thing is, it's impossible to trade it on daily bars that close at 5PM EST (GMT+2) due to the widening of the spread. This has launched me on a search for a suitable GMT+0 broker offering trading on MT4. However, there aren't many left, and I've yet to find one that meets all my requirements (one of which is a non-expiring demo).
Based on this experience, I'm hoping to get advice/help from other traders with automated end-of-day strategies.
Do you use a GMT+2 broker? If so, how do you handle the wide spreads at 5PM EST?
Do you use GMT+0 broker (or a broker with some other time setting) to avoid the wide spreads. If so, could you let me know the broker's name so I can check them out.
Thanks in advance,
drofwarc