When should 2, 4, and 8 hr candles open in FX?

Hi,

in a platform, when should 2, 4 and 8 hr candles open?

The official trading hrs. in FX is 17:00 hrs NY, so should all 2, 4 and 8 hrs candles open at what CORRESPONDS to 17:00 hrs new york?

It will make a difference on these timescales, I guess you will agree, no?

FXCM charts open up with NY time as default, and 8 hr candles open at 17:00 PM, 01:00 AM and 09:00 AM. I actually havent been able to change the time to EG. GMT on the charts to see if they will either:

1) Open the 8 hr candles at 17, 01, 09 GMT time ie. printing the candles with DIFFERENT OHLC
2) Open the 8 hr candles at what CORRESPONDS to 17, 01, 09 NY time, but in GMT time, ie printing the candles with the SAME OHLC, respecting the 17, 01, 09 NY candles, but just displaying them differently.

If you are using a platform, could you let me know what yours does?

Thanks!

Any views on this?

Must 8 hour bars always start at 17:00 EST or equivalent in another timezone?

Each broker is different depending on where their servers are located as the time is taken from the server and cannot be changed on the MT4 client. Hence the MT4 platform can start bars at different times depending on your broker and another reason why they like the MT4 platform.

ok I will try, the short answer is yes, the 1700 time is when all swaps have to be cleared for all brokers. So that is when the new day starts. Now the long answer is the candle time will be different for each broker and server, but the data of the candle should be the same or as close as forex knows it to be anyway. So say we are on standard time, 1700 ny is 2200 gmt, now your broker is gmt +2 so you would see the new day at 00:00 or midnite. Now in theory you should be able to compare your 00 candle to someone with a New York broker and their 1700 candle should have the same same candle configuration even though the chart times are 10 hours apart.. Now throw in your time zone to the equation and you may see your day start at 1400 like me.....but my chart time will be 00. Now in real life I have traded with multiple brokers and have experienced differences in candle data on hour charts, but on the 8 hour comparisons they all seem to catch up with each other, Hope that helps a little.