Oh right, so long as it's consistent. That was the problem when I was analysing the difference between the two platforms I have running here... Time Zone AND time of new candle were different. My conclusion was just to makes trades at the same time of the day, regardless of when the candle stepped.
That doesn't really apply now though because I do tend to break the rules a bit. I wait for the step and start to analyse the situation, but I place my 'daily' orders only when the 4 hour (and sometimes even 1 hour) charts line up too. I suppose it would be too hard to write an EA for that and test it.
My curren entry strategy for the daily is this:
1. Wait for the EMA to cross. I actually have my EMAs set to 'open' so that I can be sure that I have waited for the new candle to form too. At this point I make sure the other indicators are hunky-dory too.
2. Check for any pending news releases for the day that may have a large impact on the pairs I intend to trade.
3. Check up to two smaller timeframes to time my entry.
If I'm trading any tmeframes smaller than 4h I add in an extra step. I'll also have a look at one or two timeframes UP to make sure I'm trading with the trend. Nothing worse than catching a small retracement and then watching the trend resume against you.
-Benjimang
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