Disliked{quote} Hi 1Greyfox, Thanks again for as always quick response but why on the other hand should I use MT4 of FXDD? Alright, when I do so I have the same charts as most of us have in this topic with closing NY time but I wonder if this is better than mine with the closing time of my broker......? What do you think? The system is real good and my opinion is that whatever Broker you are using the results are more or less the same. I am looking forward as always to your reply. Keep up the good work! Thanks, LuveneIgnored
When I first entered the Forex world 5 years ago I was taught that the NY close was the accepted practice, so that is why I use a broker who follows that practice. I did use brokers whose daily candle close differed from NY, but finally concluded they were good only up a point, that point being I wouldn't use them for the 4 hour or Daily charts, only 1 hour or less because that matched up the best with everyone else's charts and trading. The other point that makes the NY close correct is that is when the swap fees are settled.
If you got the impression that you should leave your broker, that was and is not my intent, I apologize. I understood your initial post with time synching to mean your were trying to match charts posted here to what you see on your MT4 charts. The only way they will match is if you use the same brokers MT4 as the person who is posting.
In the final analysis, each of us can only trade what we see on our own charts.
I do appreciate that you find my posts useful, even though at times I do take the long road to provide a short reply.
Once again, I apologize if I wasn't clear and meant no harm.
1greyfox