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.
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
SeventhMohammed5 is a unique indicator, which is a collection of 7 standard indicators: Bears Power, Bulls Power, Commodity Channel Index, Force Index, Moving Average of Oscillator, Accelerator Oscillator, Awesome Oscillator. Signals appear when the selected indicator crosses the zero level, upward crossover - an arrow up (a buy signal), downward crossover is - an arrow down (a sell signal). Signals from the higher timeframe are displayed as a large arrow in the upper right corner. It is recomme
The Pz Oscillator is a very smooth and responsive accelerometer which provides a lot of useful information and detects divergences automatically. It is a great trading confirmation and can be used to identify the trend direction and strength. It has been designed as a complement for our trading tools.
The oscillator plots two moving averages to display the trend direction. If the fast moving average is above the slow moving average, the market is during an uptrend and long trad
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
This is the first public MQL5 indicator using the cluster filtering. The advanced smoothing effect allows the digital filter to transform an ordinary moving average into a new faster indicator providing fewer false signals. At least, that is the purpose of the new experimental project. The project stages and ClusterSMA features are described in the author's blog (in Russian).
The indicator is based on the cluster digital filter that is successfully used in another area. At the time of publicati
The Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
This is a half scalping system that analyzes the market using a transmission function and price movement speed.
This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra Adept shows good results on a forward period (or backward in my case). This ca
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 Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
This professional Expert Advisor works with Bill Williams' indicator series. The signal is formed based on four independent signals. The resulting signal must exceed the level of LimitSignal. After that, entering the market at the specified direction is allowed. The maximum value of LimitSignal is equal to the number of indicators (6) and can take values from 1 to 6. The EA correctly processes errors and works reliably in the market. It is important to choose the direction of the EA operation: b
The indicator allows determining the strength and direction of the trend precisely. The histogram displayed in a separate window shows changes of the slope of the regression line. A signal for entering a deal is crossing the zero line and/or a divergence. The indicator is also useful for wave analysis.
Period - period of calculation, 24 on default; CalculatedBar - number of bars for displaying a divergence, 300 on default; AngleTreshold - slope at which a flat is displaye
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is designed for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automatically. The robot does not open n
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
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Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
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The iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis.
Advantages and Features
runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
Currently, the IT sphere is experiencing a boom in neural networks and machine learning. Machine learning is widely used in various fields and is intended to replace the human brain for solving complex problems of classification and prediction.
TensorBot is a self-learning trading system with built-in adaptive strategy and a neural network that independently studies market patterns, remembers them and trades. This principle allows you to "train" a robot for trading on any financial instrument a
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
This indicator incorporates the volume to inform the market trend. A warning system (chart, SMS and e-mail) is incorporated for warning when a certain level is exceeded.
Developed by Marc Chaikin, Chaikin Money Flow (CMF) measures the amount of Money Flow Volume (MFV) over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Ty
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The indicator shows a line of a relative trend based on an oscillator selected from the list. The line can be used for support/resistance depending on where the price is. Direction (fall/rise) changes when the oscillator crosses the specified levels (it is equal to the middle of the range by default, the value is adjustable) and can be additionally displayed in a different color. Change in the direction of the secondary smoothed price trend is displayed as arrows (you can also enable alerts); it
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 marke
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.
It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.
With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and profe
The use of a polynomial expansion of data opens up new possibilities for analysis and decision making. But the problem of all existing algorithms is a very slow computation.
The main feature of this indicator is its fast algorithm. The speed of calculation of the polynomial algorithm and its standard deviation values is several thousand times faster than conventional algorithms. So this is a convenient algorithm for use without the need to apply supercomputers.
Beginning with the version 1.4
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.