H4 strategies
2 replies
Patrick
8 years ago #114438
https://www.forex4noobs.com/forex-blog/forex-tips/why-your-4hr-charts-look-different-to-mine/
http://www.profitf.com/articles/forex-education/forex-broker-server-time-gmt-offset/
Make sure you have the right data when trading H4 TF.
mikeyc
8 years ago #134028
From one of the comments:
These days more brokers are shifting to GMT +2 for part of the year & then moving to GMT +3 for the US Daylight Saving time. 3 brokers that I have been involved with have all gone down this path. The reason is that they only ever have 5 Daily candles ‘“ there is no Sunday candle.
GMT+2 with USA Daylight saving is the best broker for H4 and Daily strategies as it aligns with the USA open and gives five daily candles per week, Monday to Friday, no stupid short candle on Sunday.
The USA open is the most important event in the forex world, not GMT.
watson7tyler
8 years ago #134167
From one of the comments:
GMT+2 with USA Daylight saving is the best broker for H4 and Daily strategies as it aligns with the USA open and gives five daily candles per week, Monday to Friday, no stupid short candle on Sunday.
The USA open is the most important event in the forex world, not GMT.
Agreed.
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