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.
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
SafeZone is a method for setting stops on the basis of recent volatility, outside the level of market noise. It is described in "Come into my Trading Room" book.
In a downtrend, SafeZone defines noise as the portion of the current bar that extends above the high of the previous bar, against the downtrend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For short trades, it adds the average noise level, multiplied by a factor, to the latest hig
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
Cluster analysis is now available in MetaTrader 5!
YuСlusters indicator builds a cluster graph based on tick data. For exchange instruments it is the volume and the last deal price, for Forex instruments it is the real or tick volume (depends on broker) and selectable type of the current price: Bid, Ask or (Bid+Ask)/2.
There are 5 criteria of cluster generation: Time interval, the criterion is set in seconds. Price range, the criterion is set in points. The current cluster is closed when the
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 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
A script for opening a grid of orders
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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
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
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.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
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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
Sideways Alert Indicator is a very effective tool to indicate sideways conditions on live charts and to determine its levels. It helps us trade within the range or trade the breakout or just simply to filter out sideways market conditions.
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The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
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Interacting with additional signal indicators that mark the chart to give a real mar
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
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FourAverage: A Breakthrough in Trend Identification
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Can a single indicator show the right direction of the future price, without changing its parameters over 14 years' history, while at the same time
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Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
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Monitoring and Trend Analysis
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This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
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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.