MT4 says connected but charts not updating

[ForexNewbie1]

Dont know if this is in the right section or not so please forgive me however it says im connected at the bottom of Metatrader however the charts are not updating, the last time they updated were 8pm which is over 8 hours ago. Only just noticed

Is this a common problem? how do i resolve?

thanks in advance

[SithJawa]

Ahhhhh ahaha, its okay, i've done this before too..

It's friday night.. the markets closed 7-8 hours ago :P

The markets are only open sunday afternoon to friday afternoon, it varies by broker, server, and currency, but only by a few minutes each normally, for me the candles open up at 5PM EST Sunday and close 5PM EST Friday

[ForexNewbie1]

Ah right thanks mate, thought something was wrong with my internet connection. So basically the markets dont open again now till Sunday? btw managed to figure out those wedges now, went to a site and managed to find something, posted back in the other thread.

[SithJawa]

Correct so we as traders get the weekend off and awesome, what I did when I had questions about psychology, patterns, indicators etc. was google it, seeing many different perspective from many different people really helps, that way the knowledge gets presented to you in many different ways and eventually one will stick

[Master Tang]

The market is only closed to us retailers. The banks can still trade. Price often moves quite a bit on the weekends. Not every weekend, but enough to keep it interesting. It's fun to watch.


This link will keep you up to date on all your favorite pairs.

http://www.fxstreet.com/rates-charts/currency-rates/

[purplepatchforex]

Price often moves quite a bit on the weekends.

I beg to differ, I trade with Oanda, and with them there is never a gap on the Sunday opening @ 6pm GMT/BST, the the price move happens after this before most MT4 platforms are open.

[Master Tang]

I beg to differ, I trade with Oanda, and with them there is never a gap on the Sunday opening @ 6pm GMT/BST, the the price move happens after this before most MT4 platforms are open.

Why don't you watch the link I posted.

You will differ no more.

[Shr1k]

unhide the weekend data PPF some times price does move. most of the time it happens Sunday afternoon. The gap on mt4 does not show up as a gap on a 24/7 price feed (Oanda)

[SithJawa]

@Shr1k & purplepatchforex: do you mean that instead of making a price gap on sundays Oanda adds all the weekend candle data for the charts at market open?

[d-pip]

@Shr1k & purplepatchforex: do you mean that instead of making a price gap on sundays Oanda adds all the weekend candle data for the charts at market open?

SithJawa, With Oanda’s FX Trade platform you can set it so there is a 24/7 price feed. Usually not much happens over the weekend, but sometime there will be a move. For example, Friday afternoon the EU price closed at 1.2511. There was no price change from Friday close until tonight, (Sat) 8:00 PM EDT. The 8:00 to 12:00 PM 4-hour candle opened at 1.2511 and closed at 1.2529. They split the EU spread, 5 over and 5 under the price for a total buy/sell spread of 10 pips.

I don’t use Oanda’s MT4 so I don’t how that handles the weekend feed.