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  1. #1
    Specialist Member marc's Avatar

    Question about time zone settings !!!

    As you all know, there are some indicators, which are time dependent (like a pivot points indicator I mentioned in the previous thread)

    Ok, and maybe it sounds stupid, but since I started currency trading it's melting my brain when I start to think about all the different time zone settings ... so I hope to get some clear answers here once and for all!

    #1: GMT is my reference, right? ... so if my indicator has an option to adjust the time, I will set it to match GMT, right?

    #2: Broker time ... does it have ANY other impact beside drawing a day separator line in MT4?

    #3: Day saving time ... *sigh* ... any relevance here?


    Hope, someone can shed some light here ... it's driving me nuts

  2. Thanks Daniel Rea thanked this post
  3. #2
    Active Member Kilo's Avatar
    Yeah!!!! What he asked. LOL

  4. #3
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post

    #1: GMT is my reference, right? ... so if my indicator has an option to adjust the time, I will set it to match GMT, right?

    #2: Broker time ... does it have ANY other impact beside drawing a day separator line in MT4?

    #3: Day saving time ... *sigh* ... any relevance here?

    I will try lol

    #1: Right. (see 2#)

    #2: Yes. Broker time is the time that matters for all your indicators. That's why if you have indicators like the Daily Pivot Points (shifted) I talked about in your other thread, you will have to enter the difference between your broker's time and GMT in the Settings panel, not the difference between your time (location) and GMT. Basically you have to remember that all your indicators use your broker's time.

    #3: Not really. If you match your indicators to the broker time, DST settings are not that important. Of course, news time will change for a short period (until all major countries align to the new time).

    Hope this solves it guys
    Cheers!
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  5. Thanks Daniel Rea thanked this post
  6. #4
    Specialist Member marc's Avatar
    Now THAT was the reason I wasn't raking in millions so far, lol!! ... many thanks Bogdan for clearing that up! ... actually it's still melting my brain, but I just follow your advice

  7. #5
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    Now THAT was the reason I wasn't raking in millions so far, lol!! ... many thanks Bogdan for clearing that up! ... actually it's still melting my brain, but I just follow your advice
    Lol, try reading the article about Greenwich mean time on Wikipedia. Make sure u had a cup of coffee before . That's a brain melter
    Glad if I helped
    Cheers!
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  8. #6
    Specialist Member marc's Avatar
    Quote Originally Posted by Bogdan G View Post
    Lol, try reading the article about Greenwich mean time on Wikipedia. Make sure u had a cup of coffee before . That's a brain melter
    Glad if I helped
    Cheers!
    Lol, I am sure that "mean" is meant in a way like "cruel" here! ))

  9. #7
    Master Member Bogdan G's Avatar
    Judging by that article, yea, I guess so
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

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