Can anyone please explain this to me?

Trading Discussion
1

What time is this on the hourly chart?
Trying to backtest this system, but am confused as to how to this work this out.

The hour is 6 (GMT +1 (DST = GMT+2)).

Have no clue what the brackets mean??

Thanks Sue

2

Hello shezian/sue! If you are in Italy or France, for example, your time will be one hour ahead of London (Greenwhich Meridian Time), hence GMT+1; consequently, when Daylight Saving Time kicks in (9th March), clocks will go forward by an hour, making it two hours ahead of standard GMT. Which part of the world are you trading from? I hope my explanation helps. Cheers.

3

From Australia.

Cheers Sue

4

You are welcome!

5

I sometimes use time zone clocks like these (Time Converter - Conversion at a Glance - Pick best time to schedule conference calls, webinars, online meetings and phone calls.) to make my life easier :smiley:

6

I just don’t understand the brackets?

7

The system, which was generated using one-hour data in the Euro/U.S. dollar pair (EUR/USD).
Entry: The hour is 6 (GMT +1 (DST = GMT+2)). I use FXDD, which time would it be in Australia on my chart?

Thanks Sue

8

Hi, SUe…

Try reading this:

FXDD Time Server Question @ Forex Factory

it is a thread on FXDD’s time server…

CHeers