Is there an MT4 broker currently using Saturday bars or candles? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

POLL: Are you currently using MT4 or MT5? 3 replies

Calculating only buy candles vs sell candles 2 replies

Rookie question: Missing Bars / candles on MT4 2 replies

Is there an MT4 broker with no sunday bars? 0 replies

Is there an MT4 broker currently using Saturday bars or candles?

  • #1
  • First Post: Aug 23, 2008 4:45pm Aug 23, 2008 4:45pm
Hi folks.
Is there an MT4 broker currently using Saturday bars or candles?

If so please let me know which one(s) and provide the link to their site(s) and the link to download their platform(s) if different.

I know Orion use them when North America is not on DST and I heard MIG used to use them, but I checked both of these recently and they had no recent Saturday bars.

I am writing some code and want to test live and make sure it will work on all MT4 platforms, with or without Saturday and or Sunday bars.

Thanks,

Pipster
  • #2
  • Aug 23, 2008 4:56pm Aug 23, 2008 4:56pm
there is no trading on saturday ... why would there be a saturday bar??
  • #3
  • Aug 23, 2008 11:53pm Aug 23, 2008 11:53pm
Quoting jane
there is no trading on saturday ... why would there be a saturday bar??
i think he mean the last 30 minutes on saturday,
NorthFinance as i think working on saturday
  • #4
  • Aug 24, 2008 1:55am Aug 24, 2008 1:55am
Quoting jane
there is no trading on saturday ... why would there be a saturday bar??
jane,
there is Forex trading on Saturdays in some time zones during some times of the year. Forex trading ends at 5:00 PM New York time on Fridays. Some brokers close their trading earlier than 5:00 PM New York time on Fridays since liquidity drys up near the end of the day as some banks close earlier than 5:00 PM New York time on Fridays.

Orion is a broker that closes at 3:59 PM New York time on Fridays and uses Dubai time on their charts. Dubai time is GMT+4 all year round since they do not use Daylight Savings Time. During the New York winter, New York is on Eastern Standard Time which is GMT-5 time. At that time of year, it would be 00:59 AM on Saturday in Dubai when it is 3:59 PM on Friday in New York.

So Orion needs Saturday bars on their GMT+4 charts for the New York winter months to be able to trade the end of the trading week in New York.

But during the New York summer, New York is on Daylight Savings Time or GMT-4, while Dubai is still on GMT+4 time. So a 3:59 PM New York time close for trading at Orion would be only 23:59 PM Dubai time. Hence no need for Orion to have Saturday bars when New York is on Daylight Savings Time.

Pipster
  • #5
  • Aug 24, 2008 2:08am Aug 24, 2008 2:08am
Quoting madboy84
i think he mean the last 30 minutes on saturday,
NorthFinance as i think working on saturday
madboy84,
I had a look at the charts and saw Sunday bars but no Saturday bars. Could you give me some dates and times where you see these bars?

I am using the charts downloaded from FXPro who bought North Finance so maybe my charts are different than yours.

If you do find Saturday bars, please give me the link for downloading the platform with such bars.

Thanks,
Pipster
  • #6
  • Aug 24, 2008 2:10am Aug 24, 2008 2:10am
Has anyone ever seen both Saturday and Sunday bars on a set of MT4 charts?
Pipster
  • #7
  • Aug 24, 2008 2:42am Aug 24, 2008 2:42am
Quoting Pipster
madboy84,
I had a look at the charts and saw Sunday bars but no Saturday bars. Could you give me some dates and times where you see these bars?

I am using the charts downloaded from FXPro who bought North Finance so maybe my charts are different than yours.

If you do find Saturday bars, please give me the link for downloading the platform with such bars.

Thanks,
Pipster
Oh my God!
I'm so sorry Pipster, you right. I thought that them working on Saturday as I remember they opening in saturday when I had a demo account with them since more than 6 months, but the true is my memory miss that
I'm sorry again.
have a good day.
  • #8
  • Last Post: Aug 24, 2008 8:09am Aug 24, 2008 8:09am
Quoting Pipster
jane,
there is Forex trading on Saturdays in some time zones during some times of the year. Forex trading ends at 5:00 PM New York time on Fridays. Some brokers close their trading earlier than 5:00 PM New York time on Fridays since liquidity drys up near the end of the day as some banks close earlier than 5:00 PM New York time on Fridays.

Orion is a broker that closes at 3:59 PM New York time on Fridays and uses Dubai time on their charts. Dubai time is GMT+4 all year round since they do not use Daylight Savings Time. During the New York winter, New York is on Eastern Standard Time which is GMT-5 time. At that time of year, it would be 00:59 AM on Saturday in Dubai when it is 3:59 PM on Friday in New York.

So Orion needs Saturday bars on their GMT+4 charts for the New York winter months to be able to trade the end of the trading week in New York.

But during the New York summer, New York is on Daylight Savings Time or GMT-4, while Dubai is still on GMT+4 time. So a 3:59 PM New York time close for trading at Orion would be only 23:59 PM Dubai time. Hence no need for Orion to have Saturday bars when New York is on Daylight Savings Time.

Pipster
interesting, thanx!!
0 traders viewing now