Hiya,
I’m setting time settings to MT4, MT5, brokers in house developed platforms and few third party platforms offered by brokers(like cTrader) and some TA charting software’s. Speaking in general, I’m confused on setting below:
- Trading platform TimeZone
- Charts TimeZone
- Day start time
- Time till close {how calculated and what indicates, as its changes value when the time-frame in trading platform changes}
- setting X-{minute/hour/day} chart based on {1Month/7Day/1D/4H,…}. Custom period: X Unit: {e.g. Day} based on time-frame: {e.g. 5Day}
If I want to trade AAA/BBB pair, shall I set my trading platform time-zone on day start time of that pair? I want to match all trading platform timezone, chart timezone and day start time to start with that chart time-zone. Is this correct to set? And how shall I set this? e.g. assuming for GBP/USD, I should set everything to GMT(~or BST if applicable). So trading platform timezone should be> GMT, Chart timezone> GMT ? What about Day start time, Time till close and setting #5 above?
Also I should say, time till close will change value when I’m changing time-frame in chart, while I believe it shouldn’t because day start time in London should be exact start and NY close time should be exact close time for that chart, isn’t it?
For generating NY 5Day close chat, I should set Unit: {1 Month, 7 Day or 1 Day}, then set the Time-frame: {5 Day}? Which one is correct?
Thnxx 
