Server time is an invention made by forex brokers to sabotage developmentof profitable automated trading. Nothing more nothing less.
There is no other purpose.
It is well known fact that charts and technical analysis made using timeframe smaller than 4 hours is not very reliable and profitable over a long period ofof time. One must use timeframe of 4hr or higher.
It is also almost universal that start of a forex trading day is 5 pm in New York.Calculation of swap charges etc are done by all brokers at this time regardless of theirserver time setup.
What the smart and kniving brokers do is that they set server time to start the day at 2,3, 4 or 6,7 or 9pm .This distorts all 4hr, daily, weekly and monthly charts. I am not going to elaborate much because brokers and metaquote would understand right away what I am talking about.
An EA would be using technical indicators but they will yield different results depending upon wherethe server time is set up. Brokers would change server time from time to time so an ea that was profitable before would not be profitable anymore.
MetaQuote in my opinion has done a good job of protecting traders and users but they need to do something about this server time business. What I would like to see is that when I call Imacd function with 4hr timeframe,
I should see identical results all the time, regardless of broker's server time.
This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
To create the strategy, we used historical data with the quality of history of 99.9%.
It uses filtration o
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
The EASIEST way to manage your risk for each trade!
Add the indicator to your chart, configure a risk percentage (of account equity) Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Energy Beam with Swing Control
Strategy: Confirm swing pullback signals Watch Video: (Click Here)Energy Beam with Trend Laser
Trade in the opposite directions with HedgeTerminalApi library!
HedgeTerminalApi is a program interface allowing you to use HedgeTerminal virtualization technologies in your robots and scripts. With HedgeTerminalApi, you are able to trade in the opposite directions when two or more trading algorithms occupy opposite positions on a single symbol. The library allows robots to track their positions even if these positions overlap entirely or partially. Moreover, with this library, you are able to
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and cl
The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).Input parameters:
Inp_Signal_ThreeEMA_FastPeriod = 8;Inp_Signal_ThreeEMA_MediumPeriod = 38;Inp_Signal_ThreeEMA_SlowPeriod = 48;Inp_Signal_ThreeEMA_StopLoss = 400;Inp_Signal_ThreeEMA_TakeProfit = 900;Inp_Money
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
This is a convenient tool for measuring the number of points between prices. It support magnetizing to OHLC prices. Calculates profit considering specified lot size and spread (optionally). It counts the number of bars between specified point and the time difference between them. Calculates the slope angle from the horizontal position. Unneeded parameters can be hidden. It does not occupy much space when inactive.
Once you add the indicator on the chart, Ruler caption will appear (according to
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
IShift Lite allows:
perform trade operations directly from the depth of market with a "single touch"; automatically place Stop Loss and Take Profit; move position to breakeven; move Stop Loss along the price; automatically calculate the volume of an order depending on a fixed risk level or a fixed margin level.The program includes a visual help system.
Note: the demonstration version downloaded via the "Demo
The indicator consists of the two parts – entry system displayed on the chart and currency power analyzer.
The analyzer can take on values from 0 to 3:
the higher the value, the stronger the currency; the smaller the value, the weaker the currency; average values of the indicator suggest that the currency is in flat.Recommendations on usage:
Buy if Trader Dream shows Buy signal and the analyzer shows the currency's strength (the value exceeds 2). Sell if Trader Dream shows Se
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
The broker will never know where is our Stop Loss level and when it is modified unlike the regular Stop Loss or regular trailing stop managed by an Expert Advisor or manually in MetaTrader 5 platform. Thus the broker will have no chance to hunt our Stop Loss again.
If the terminal is disabled, our Stop Loss level will become useless. It means t
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
This is an open interest indicator for MetaTrader 5. It fixes open interest value once per minute and writes it to the file (on your PC). The product works on any timeframe but only with exchange instruments.
The PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
Works on all symbols and timeframes.
The indicator does not redraw its signals. You see the same things on history and in real time.
For better visual perception signals are displayed as arrows (in order not to overload the chart).
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4
The best results are obtained when the indicator works o
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Robust median renko style indicator for creating custom charts resembling median renko, mean renko, turbo renko and better renko candles as well as vanilla renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
Indicator is an overlay on the main chart so it is possible to utilize one click trading and order manipulation directly on the custom charts. Visual order placement is also
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
Here is the product, which truly reveals all the computing and graphical capabilities of the MetaTrader terminal.
The TrendNavigator indicator helps you take the most effective trading decisions, features stunning accuracy, unlimited graphical capabilities and highly developed notification service.
3D graphics 4 unique trend determining algorithms 5 types of notifications of trend change which appear as Buy and Sell signals Very high accuracy Shows local lows and highs Free notification
Professional Constrictor Expert Advisor follows the market using the Parabolic Stop and Reverse system indicator. At each Parabolic SAR indicator signal, a position is opened in the direction approaching the indicator. In case of an opposite signal, a new position closing the previous one is opened (in other words, positions are opened and closed partially). Thus, the EA constantly follows the price.
The EA has been designed for working in the flat market. It features a critical drawdown, at wh
What is Squeeze?
A contraction of the Bollinger Bands inside the Keltner Channel reflects a market taking a break and consolidating, and is usually seen as a potential leading indicator of subsequent directional movement or large oscillation movement.
When Bollinger bands leave Keltner Channel it means markets switching from a low volatility to high volatility and high volatility are something all traders are looking for.
What I was missing in some indicators is possibility of monitoring many
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Rebuild the H1 data to suit your needs.
Failing that, change brokers.
Failing that, change platforms.
It is well known fact that charts and technical analysis made using timeframe
smaller than 4 hours is not very reliable and profitable over a long period of
of time. One must use timeframe of 4hr or higher.
That is more of an opinion rather than a fact.
Yes, You are right. Everything I said is an opinion.
There may be ways around it but wouldn't mt4 be a better platform if this problem is solved. Why do users
have to keep rebuilding etc. every time there is server time change. I love mt4 and I have invested 7 years of
work into my ea and I can not simply pickup and look for a new platform where I may find new problems.
I am sure MetaQuote is interested in improving their platform. They recently did a greatest improvement in
the platform by allowing spread to be specified in strategy tester which let me produce identical results every time
I run back test. This was probably change of a few lines of code for MetaQuotes.
How do you expect the terminal to know that timezone every server is using?
How do you expect the terminal to know how to convert that TZ to another in Xp/Win 7 when there is no Windows function available (only utc to local is)
It is also almost universal that start of a forex trading day is 5 pm in New York.
A majority of MT4 brokers run their servers at GMT+2 with daylight savings. The purpose is to have five D1 candles per week, with no partial bar on Sunday evening (or Saturday morning). However, some of these brokers use American daylight savings (and moved to GMT+3 on March 8th) and some of these brokers use European daylight savings (and moved to GMT+3 yesterday, March 29th). It depends on the broker's source of liquidity.
A small number of brokers operate at GMT (i.e. GMT+0, with no daylight savings). The aim of this is year-round consistency, simplicity, and transparency, but it creates 6 D1 candles per week and does indeed affect indicator calculations - e.g. underestimate of D1 ATR.
An even smaller number of brokers operate at GMT-5 with US daylight savings, i.e. the server is set to US east coast time. This also creates 6 D1 candles per week.
Some of the larger brokers now offer a choice of different servers using different time zones: e.g. a choice between a server on GMT and a server at GMT+2.
I can only immediately think of one broker who doesn't at least offer a choice of a server at GMT+2 with DST, i.e. a server which has 5 D1 candles per week.
You would still see different results because of price differences between brokers, even if they all used the same time zone.
Server time is an invention made by forex brokers to sabotage development of profitable automated trading
If that's nonsense then please educate me and tell me what is the purpose of server time? Regardless of server time,
can you name a broker who does not start trading at 5pm EST. on Sunday ? I deal with at least 5 brokers, one in finland,
one in Estonia, one in USA etc. and all them start Sunday evening 5pm NY time. Then what is the purpose of server time?
Most brokers operate at GMT+2 (with daylight savings) so that trading starts at midnight on Monday morning and there are then five D1 candles per week. If a broker doesn't do this, then there are five D1 candles plus an extra one for a partial day on Sunday, and a simple calculation of things like D1 ATR will be an underestimate. For example, with an extra partial candle, a simple ATR calculation takes a series of daily ranges such as 120 pips, 110 pips, 135 pips, 98 pips, 104 pips, 23 pips (i.e. small trading range on the Sunday), and simply divides by 6 - producing a figure which is almost unarguably too low.
Other brokers choose to operate at GMT+0 because it's easier to explain, and remains consistent throughout the year.
And some brokers offer a choice of different time zones on different servers.
And, yes, I can name a broker who doesn't start trading at 5pm NY time, but (a) that is indeed unusual, and (b) the rules of this forum prohibit discussion of specific brokers. But, oddly, enough they're based in Estonia. If your broker in Estonia is the same one I'm thinking of, then you're wrong about them opening at 5pm NY time. During the period from March 8th to March 29th, when New York was at GMT-4, their trading did not start at 9pm GMT. For most of the year they do indeed open at 5pm NY time, but only by coincidence. What they are actually working to is European daylight savings, not US daylight savings.
Yes. No such thing as broker don't change their server time when necessary. EA and indicator needs to adapt accordingly. Have it with auto GMT built-in or something like that. No need to whine and cry here. Man up already.
I am not whining and crying. Traders who trade manually can not appreciate what I am talking about. But if you have an
neural network type ea which is very sensitive to data values, you can understand what I am talking about. After all
traders are supposed to be able to focus on trading strategies etc. and should not need to worry about the factors
which can essentially be solved by the platform. MetaQuote now should be very interested in having successful ea
in their marketplace which can have a lots of subscribers. So I would hope that they will improve the platform to a
point where an ea would work equally well at any broker regardless of server time etc. nonsense. And I know that
MetaQuote technical expertise is nothing less than genius. They should focus on issues that will make EA's perfectly
portable rather than adding bells and whistles.