Hi,
I am forex newbie from India.
I am looking at trading EOD charts with a particular system in mind.
Now the market closes at 00:00 GMT.
That means it is about 2:30 AM in India.
So if I have to place an order based of today close it means I have to be
awake till the early hours of the morning.
Can somebody give me a solution to this problem.
Regards
If waking up early is not for you, perhaps you can use realtime charts instead if your system will fit the real time market as well? It’s a little extreme but I’ve known a few traders to move to parts of the world that fit the timezones better 
I would try waking up early for the month and see if you get used to it, otherwise maybe using a different way of trading that would fit you better and your lifestyle. Trading should be an enjoyment and not a burden if your going to do it for a long time.
Well, first, India’s time zone is GMT+5½ hours. [B]So, 00:00 GMT is 5:30am in India.[/B]
Which market “closes” at 00:00 GMT? As you probably know, the forex market does not close during the week. The retail forex market (that’s our market) closes on the weekend, from approximately 5pm New York time on Friday, to approximately 8am New Zealand time on Monday. The institutional forex market essentially never closes.
I’m guessing that your retail forex broker closes his daily candles at 00:00 GMT, and therefore you are referring to that time as the daily “market” closing. If that is the case, and if you stay with that particular broker and rely on his platform to run your strategy, then you may be stuck with 5:30am in India as your trading time.
There is a more sensible time to use as the daily “close” of the forex market: 5pm New York time (New York time is GMT-4 in the summer, and GMT-5 in the winter). [B]5pm New York time[/B] makes sense as the “day separator” between one trading day and the next, because it coincides with [B]the daily low point in forex trading volume.[/B]
Unfortunately for your location, 5pm EDT (New York time) = 21:00 GMT = 2:30am IST (India time), which gets you right back to the time you mentioned in your question.
It appears that you have three choices: adjust your daily schedule so that you can trade in the wee hours of the morning, find (or write) a computer program to do your trading for you, or find a different strategy.
Tough choices. Good luck with that.