Perfect Strategy for trading any PAIRS, 4 Hours Candle, when, time does it open and close?

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Hi,

I have been trying to figure out what time 4 Hours Candlesticks opens, but couldn't get any tangible clues, is there anyone can help out please?

This 4 hours candlestick open and close time could perfectly help my Strategy for making an EA.

Can anyone shade light on this?

Regards,

Tochi

 

What do you mean by "forms"?

You will know that an H4 candle is complete when a new H4 candle opens. 

 
Keith Watford:

What do you mean by "forms"?

You will know that an H4 candle is complete when a new H4 candle opens. 

Thank you Keith Watford for your response,

what i meant by form is when a new 4hours candlestick open.

pardon my English error, not my spoken language.

yes i know it is complete when a new one opens, but what time interval do they really open? like each H1, M30, M15, M5 etc. opens actually at real-time, when you check you time, each one hour, a new H1 candles stick opens, same goes with M30, M15, M5 etc.

i actually checked the chart histories and noticed that 4 Hours candlesticks actually do not open at intervals of every 4 hours as it may look to appear, and not even 5 hours intervals, so i really can't tell.

do you have more explanations?

 
Toch Anusie: what i meant by form is when a new 4hours candlestick open.

Impossible to answer. Depends on broker's TZ for FX (№ 3) or symbol (№ 6)

Chart times are broker times.

  1. How can MetaQuotes know all brokers' (they come and go daily) Time zone and Daylight savings time (including historical changes for back testing)? Do you have that information for just you and your broker? Only then, with code can you convert session times to broker's time to UTC to local time. You can use offset inputs but then you must maintain them correctly, through all three DST changes when they occur.
              When is the time zone problem going to be fixed? - General - MQL5 programming forum 2020.05.07

  2. Foreign Exchange (FX) market opens 5 PM New York (NY)/Eastern Time (ET) Sunday and ends 5 PM NY Friday. Some brokers start after (6 PM is common) and end before (up to 15 minutes) due to low volatility.
              Checking for Market Closed - Expert Advisors and Automated Trading - MQL5 programming forum

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

  3. Brokers use a variety of time zones. Their local time, with or without Day Light Savings Time (DST), London, UTC, London+2, UTC+2, NY+7.

    Only with NY+7 does the broker's 00:00 equals 5 PM ET and the start of a daily bar (and H4) is the start of a new FX day.

    GMT/BST brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depending on NY DST), and a short Friday bar. (Problems with indicators based off bars.)

    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 AM EDT to 1:00 AM EST on the first Sunday in November.

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

  5. If you search the web you will find differing answers. Those are all wrong (half the year) because they do not take DST into account (or that it changed for the US in 2007 [important when testing history.])

  6. Then there are (non-24 hour markets) with H4 candles that start on odd hours.
              Why My XAUUSD 4H candles start with 1 hour shift? - Currency Pairs - General - MQL5 programming forum 2019.04.10
              H4 first opened candle - MT5 - General - MQL5 programming forum 2020.09.11

 
William Roeder:

Impossible to answer. Depends on broker's TZ for FX (№ 3) or symbol (№ 6)

Chart times are broker times.

  1. How can MetaQuotes know all brokers' (they come and go daily) Time zone and Daylight savings time (including historical changes for back testing)? Do you have that information for just you and your broker? Only then, with code can you convert session times to broker's time to UTC to local time. You can use offset inputs but then you must maintain them correctly, through all three DST changes when they occur.
              When is the time zone problem going to be fixed? - General - MQL5 programming forum 2020.05.07

  2. Foreign Exchange (FX) market opens 5 PM New York (NY)/Eastern Time (ET) Sunday and ends 5 PM NY Friday. Some brokers start after (6 PM is common) and end before (up to 15 minutes) due to low volatility.
              Checking for Market Closed - Expert Advisors and Automated Trading - MQL5 programming forum

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

  3. Brokers use a variety of time zones. Their local time, with or without Day Light Savings Time (DST), London, UTC, London+2, UTC+2, NY+7.

    Only with NY+7 does the broker's 00:00 equals 5 PM ET and the start of a daily bar (and H4) is the start of a new FX day.

    GMT/BST brokers, means there is a 1 or 2 hour D1/H4 bar on Sunday (depenpossible ding on NY DST), and a short Friday bar. (Problems with indicators based off bars.)

    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 AM EDT to 1:00 AM EST on the first Sunday in November.

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

  5. If you search the web you will find differing answers. Those are all wrong (half the year) because they do not take DST into account (or that it changed for the US in 2007 [important when testing history.])

  6. Then there are (non-24 hour markets) with H4 candles that start on odd hours.
              Why My XAUUSD 4H candles start with 1 hour shift? - Currency Pairs - General - MQL5 programming forum 2019.04.10
              H4 first opened candle - MT5 - General - MQL5 programming forum 2020.09.11

Thank you  William Roeder, from my observation, among all the time frames, H4 is a significant time frame, for a possible good opportunity to build a profitable strategic trading.

That is if the session times to broker's time to UTC to local time are constant like that of other time frames.
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