Hey, ive been trading with MT4 and i need to know what time the daily candle closes / opens for the InterbankFX version.
I asked the live chat help, the guy told me that i set the time the new candle opens myself so…if anyone knows how to do this that would be a great help.
Thank you for replies!!!
I’m not sure you got the right info - IB uses 00:00 GMT for the daily open/close. I’m CDT U.S. so my daily close is 7pm (GMT -5; GMT -6 in winter). You can’t change the time in the Navigator window either. ODL changes their daily at 5pm I think and they have the MT4 platform. I hope i answered your question. d.
This can be very confusing at times for those like myself who demo with different brokers than what they trade live with. I have a 4H strategy with InterbankFX(MT4) that uses candle formations and the other day I set up that same strategy on FXDD(MT4) charts and the signals/candles were totally different on both charts.
Amen - I would never demo on one broker’s platform and then go live with another.
I know that the 15 minute candles open on the hour, 15 min, 30 min, and 45 min past the hour every hour. Hourly candle should obviously open on the hour, and the 4 hour candle opens at 3am, 7am, 11am, 3pm, 7pm, and 11pm Central standard time.
If your broker allows those setting to be adjustable (I know most don’t) You would want to use the same settings that all of the hedge funds are using, because often the times candles open and close are important due to traders waiting on the close of the previous candle to break or respect support or resistance.