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jim_2002
24
jim_2002 2016.05.25 10:38 

Hi everyone, I am an FX trading beginner, I am currently using Metatrader 4 to trade EUR/USD, I was just wondering, what is the opening and closing time for EUR/US What is the opening and closing time for EUR/USD ?

Thanks in advance.

Carl Schreiber
5932
Carl Schreiber 2016.05.25 11:27  

http://www.forexmarkethours.com/

But be aware that the times follow USA-DST!

whroeder1
13597
whroeder1 2016.05.25 17:14  
  1. FX opens 5pm ET Sunday and ends 5pm ET Friday. Some brokers start after (6pm is common/end before (up to 15 minutes) due to low volatility.

    Swap is computed 5pm ET. No swap if no open orders at that time.


  2. Brokers use a variety of timezones. Their local time (with or without DST,) GMT/UTC, GMT+2, NY+7.

    Only with NY+7 does the broker's 00:00 equals 5pm ET and the start of a daily bar is the start of a new FX day.

    GMT brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depending on NY DST,) and a short Friday bar.

    GMT+2 is close but doesn't adjust for NY DST. 

    EET is closer except when their DST doesn't match NY's. Last Sunday of March and 1:00 on the last Sunday of October vs second Sunday in March and return at 2:00 a.m. EDT to 1:00 a.m. EST on the first Sunday in November.

  3. Non-NY+7, means the chart daily bar overlaps the start, and converting broker time to NY time requires broker to GMT to NY timezone conversions.


  4. If you search the web you will find differing answers. Those are all wrong (half the year) because they do not take NY DST into account (or that it changed in 2007 [important when testing history.])
jim_2002
24
jim_2002 2016.05.26 01:51  
WHRoeder:
  1. FX opens 5pm ET Sunday and ends 5pm ET Friday. Some brokers start after (6pm is common/end before (up to 15 minutes) due to low volatility.

    Swap is computed 5pm ET. No swap if no open orders at that time.


  2. Brokers use a variety of timezones. Their local time (with or without DST,) GMT/UTC, GMT+2, NY+7.

    Only with NY+7 does the broker's 00:00 equals 5pm ET and the start of a daily bar is the start of a new FX day.

    GMT brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depending on NY DST,) and a short Friday bar.

    GMT+2 is close but doesn't adjust for NY DST. 

    EET is closer except when their DST doesn't match NY's. Last Sunday of March and 1:00 on the last Sunday of October vs second Sunday in March and return at 2:00 a.m. EDT to 1:00 a.m. EST on the first Sunday in November.

  3. Non-NY+7, means the chart daily bar overlaps the start, and converting broker time to NY time requires broker to GMT to NY timezone conversions.


  4. If you search the web you will find differing answers. Those are all wrong (half the year) because they do not take NY DST into account (or that it changed in 2007 [important when testing history.])
Thanks for the answer. Btw, for example, for EUR/USD, when I pointed my mouse to the 25/05/2016 candle bar in a day chart, I see prices for Open, Close, High, Low. What time zone and what time are The Open and The Close based on? Are they based on ET time at 5PM ? eg: 25/05/2016 ET time at 5PM will be THE Close for 25/05/2016 and Open for 26/05/2016?  
Fernando Carreiro
1437
Fernando Carreiro 2016.05.26 06:17  
jim_2002:
Thanks for the answer. Btw, for example, for EUR/USD, when I pointed my mouse to the 25/05/2016 candle bar in a day chart, I see prices for Open, Close, High, Low. What time zone and what time are The Open and The Close based on? Are they based on ET time at 5PM ? eg: 25/05/2016 ET time at 5PM will be THE Close for 25/05/2016 and Open for 26/05/2016?  

WHRoeder has already answered that, namely: "2. Brokers use a variety of timezones"

So, look it up in your broker's website to find out what timezone they use.

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