Is Market Watch time the definitive broker time as used by EAs? | Forex Factory

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Is Market Watch time the definitive broker time as used by EAs?

  • #1
  • First Post: Mar 17, 2011 4:22am Mar 17, 2011 4:22am
Is Market Watch time the definitive broker time as used by EAs? I think my broker (GO Markets) uses a GMT offset of +2 but it also uses a UK data centre which supposedly is set to GMT.

If I base my EA settings off the time shown in market watch can I just assume my EA will use market watch time?

Thanks

Pete
  • #2
  • Mar 17, 2011 4:40am Mar 17, 2011 4:40am
I cannot understand why anyone would want to code for any other time than the broker's time. I guess it has something to do with being able to relate all bars for all brokers to some common time so that trades can be compared. That assumes of course more than one trader is going to use the EA.

Personally I will never again use any other time than the brokers. GMT and local just cause too much confusion and chance for mistakes. People don't understand them well enough and Daylight Savings Time is just another hassle you don't need.
  • #3
  • Mar 18, 2011 1:13am Mar 18, 2011 1:13am
Quoting CodeMeister
I cannot understand why anyone would want to code for any other time than the broker's time. I guess it has something to do with being able to relate all bars for all brokers to some common time so that trades can be compared. That assumes of course more than one trader is going to use the EA.

Personally I will never again use any other time than the brokers. GMT and local just cause too much confusion and chance for mistakes. People don't understand them well enough and Daylight Savings Time is just another hassle you don't need.
No you misunderstand me. I'm coding this for myself - I was just using GMT as an example. All I want to know is if I rely on the market watch time as a signal for when my EA executes trades, will I be using the right trigger? Or is the datacentre time messing me up?

(Because in the broker thread it says broker time is GMT +2, but data centre is GMT + 0. Can I ignore all of that and just rely on the market watch time as the time that my EA will use for triggers?)
  • #4
  • Edited 3:49pm Mar 18, 2011 2:20pm | Edited 3:49pm
I can see how I misunderstood. But the question is still very confusing. You don't state what EA you are talking about. Even if we knew the name, somebody would have to look at the code to determine how time is being used. Different coding schemes are used by different coders and how time is used is one of the variations. Having said, I think over 90% of the EAs I have seen use broker time (what you call Market Watch) as their basis for time.

You could probably figure this out by observation. The London open is signaled on this website and others and can be used to compare to the broker time.
  • #5
  • Last Post: Mar 21, 2011 6:34am Mar 21, 2011 6:34am
Quoting CodeMeister
I can see how I misunderstood. But the question is still very confusing. You don't state what EA you are talking about. Even if we knew the name, somebody would have to look at the code to determine how time is being used. Different coding schemes are used by different coders and how time is used is one of the variations. Having said, I think over 90% of the EAs I have seen use broker time (what you call Market Watch) as their basis for time.

You could probably figure this out by observation. The London open is signaled on this website and others...
Thanks for responding. I should have been more specific in my post. My real question should have been does:
TimeHour(TimeCurrent())
match up with the market watch time. My testing indicates yes. Thanks for your help.
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