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A Couple of questions

  • #1
  • First Post: Apr 18, 2009 1:42pm Apr 18, 2009 1:42pm
I was wondering why different brokers have different time, which would affect the candles drawn on the charts...
Which one do you guys use ?
Since I saw people using a metatrader to analyze and another one to trade :S
  • #2
  • Apr 18, 2009 2:32pm Apr 18, 2009 2:32pm
we engage in a world wide market, and we have brokers world wide, and some of these brokers have moved from the land of the free and the home of the brave to perhaps places like england, scotland, russia, mexico, argentina, japan, china, bahamas and a few more scattered all over the map.

in an effort to manage all of these scattered areas, i believe the brit scientests a few hundred years ago divided up the world into time zones.

if the broker is in a different time zone than you, their server time is different than yours.

POOOF !

enjoy and trade well

mp




Quoting Benjie
I was wondering why different brokers have different time, which would affect the candles drawn on the charts...
Which one do you guys use ?
Since I saw people using a metatrader to analyze and another one to trade :S
  • #3
  • Apr 18, 2009 6:16pm Apr 18, 2009 6:16pm
O'Really ?? I know its in different time zones....
The question is why don't they unify chart times... ?
And which one to choose on a 4h chart a candle could be a doji or a hammer or or or ....due to a 2 hours difference
  • #4
  • Apr 18, 2009 7:20pm Apr 18, 2009 7:20pm
if youre so wise to already know that part of the answer, ask the question differently, like the way you are now, and not as you did.

at the next meeting of the "different time zone" association, held in Geneva every few years (when someone remembers, that is) I shall raise your question -- better yet I shall invite you to ask it yourself.

leaving behind the theory of the earths rotation, position of the sun and relative positons on this planet, the 4 hour candle can be off by more than just 2 hours, leaving those who trade candles rather befuddled, huh ?

oh well

mp



Quoting Benjie
O'Really ?? I know its in different time zones....
The question is why don't they unify chart times... ?
And which one to choose on a 4h chart a candle could be a doji or a hammer or or or ....due to a 2 hours difference
  • #5
  • Apr 18, 2009 9:38pm Apr 18, 2009 9:38pm
ًًWhy do you ignore the question ? and keep talking about time zones and random stuff ???

The question that I am looking to answer is (I will make it very clear) :
I have two meta traders one with IBFX the other is with FXDD.... which one do I trade thier charts ???
(since a close under the support in IBFX, could be shown as a shadow on FXDD ???)

I hope that I have made it clear....
  • #6
  • Apr 18, 2009 10:01pm Apr 18, 2009 10:01pm
Quoting Benjie
ًًWhy do you ignore the question ? and keep talking about time zones and random stuff ???

The question that I am looking to answer is (I will make it very clear) :
I have two meta traders one with IBFX the other is with FXDD.... which one do I trade thier charts ???
(since a close under the support in IBFX, could be shown as a shadow on FXDD ???)

I hope that I have made it clear....
I would suggest you to do some "parallel backtesting" on both using the H1 chart which will show the same patterns (although prices may differ from broker to broker, and this could add some more confusion) along with the H4 chart (which I assume you are trading off) and spot which one you consider to be more accurate as to definite candle patterns.

In any case, and provided that you are effectively trading off the 4 hour chart, maybe it would be a good idea to pinpoint your entries off a smaller timeframe, even if only the H1 chart. This way you won't be having differences and can use either platform to gauge your setups.
  • #7
  • Last Post: Apr 18, 2009 10:56pm Apr 18, 2009 10:56pm
unfortunately, unless you spend a very decent amount of time analyzing both charts (as doblece points out so well) you will find yourself in a rather poor situation.

as pointed out, while individual prices and server times will alter what you see between the two, support and resistance are standards that BOTH must achieve (within their pip spread structure)

sooner or later, by simple observation, you will find which one PREDICTS the best, and use that one for trading. Ive done the same thing with my "paid for charting package" with brokers who do not reach the same final tp point, and one automatically subtracts a pip here or there to "compensate" for the differences --- you will have to learn your charts and prices from both brokers to make this happen.

it would seem the simple solution is to move to ONE broker, which immediately solves your problem, requiring NO "adjustments" on your part.

my opinion of course, but makes sense to me

enjoy and trade well

mp



Quoting Benjie
ًًWhy do you ignore the question ? and keep talking about time zones and random stuff ???

The question that I am looking to answer is (I will make it very clear) :
I have two meta traders one with IBFX the other is with FXDD.... which one do I trade thier charts ???
(since a close under the support in IBFX, could be shown as a shadow on FXDD ???)

I hope that I have made it clear....
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