Quote:
Originally Posted by TREVPICK001
also as mentioned below your time frame is out, its not 6am gmt finish it is 05:00am althought i dont think it would have made a diffrence this morning
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Quote:
Originally Posted by Clint
Hey, fed
Welcome to the Breakout Gang. Regarding your time interval, you are off by 2 hours. The G/U Breakout Strategy, as Trevor introduced it, defines the "overnight" period as 7pm - 5 am London time. That's the BST time zone.
That translates to 2pm - midnight EDT (New York time), 18:00 - 04:00 GMT, and 8pm - 6am CEST (Zurich time).
Sorry Trev, I think you're off by an hour as well. The GMT finish is 04:00.
Clint
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Now I really am confused!.
TREV in that EA the orders go in at 0600GMT, ie the 5am candle is counted in highs or lows. This is because that's when the low volume finishes as Frankfurt opens at 0600GMT (8am their time)...isn't it?
It's minimal anyway as your whole low volume period essentially runs from end of NYSE to start of Frankfurt. You never see the 1hr ATR pick up until then.