What's the most popular time for a daily bar chart to begin? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

3 Bar Fractal with mid-bar and bar on each side 11 replies

Range bar/Renko bar chart not working 5 replies

Calculate own daily bar to avoid Sunday bar 0 replies

Pin bar, pin bar, pin bar 0 replies

1 bar in 1H chart = how many bar in 5min chart? 3 replies

What's the most popular time for a daily bar chart to begin?

  • #1
  • First Post: Sep 19, 2007 11:01am Sep 19, 2007 11:01am
I see different times from different sources.

What would be considered the closest thing to an "industry standard"?
  • #2
  • Sep 19, 2007 11:11am Sep 19, 2007 11:11am
GMT TIME
  • #3
  • Sep 19, 2007 11:32am Sep 19, 2007 11:32am
Exactly which of the 24 hours in a day GMT would you be referring to?
  • #4
  • Last Post: Sep 19, 2007 11:38am Sep 19, 2007 11:38am
There is no "popular" time for a daily candle to begin, there is only the market standard. The daily chart should always begin/end at 17:00 ET, the close of the FX day, when the banks process overnight swaps. It's a huge gaping flaw in MetaTrader how the timeframe is locked to the broker's timezone. As a result, nearly all data from any MT4 broker is corrupt (for purposes of backtesting and strategy trading).
0 traders viewing now