Thread: Brokers Time Conversion

I understand that some of the EAs trade depending on hours or session, but there are some confusion with the time conversion due to EA's default setting to the respective Broker. Here are the time conversion of some major brokers. Hope that it is useful to you, and not setting your EA wrongly.

Code:

Broker         OpHr    ClHr
ADVERTISING:	21	5
ALPARI_UK :	21	5
FOREX :	        20	4
FXDD :          22	6
FXOPEN :	22	6
FXPRO :         22	6
IBFX :          20	4
INSTATRADER :	22	6
LITEFOREX :	22	6
MIG :           21	5
ODL :	        20	4

Good Luck...

Thanks Passion Trader! :-)

Funyoo,
You may want to add this as a sticky post or something.

Originally Posted by bnbb2004

Thanks Passion Trader! :-)

Funyoo,
You may want to add this as a sticky post or something.

Hi,
Where can i actually make the changes on the EA if for example Funyoo tells me that my MT4 broker is at GMT.
I need to minus 2 hours.
Can you provide me with explainations how can i change it.
Thanks.

Originally Posted by hymera

Hi,
Where can i actually make the changes on the EA if for example Funyoo tells me that my MT4 broker is at GMT.
I need to minus 2 hours.
Can you provide me with explainations how can i change it.
Thanks.

Not all EAs have Time Filtering.

You may see some variables defined at the beginning of the code, example:

Code:

extern bool    Use.Trading.Hours.Restriction=false;
extern int     Start.Trading.Hour.Begin=0;
extern int     Start.Trading.Hour.End  =24;

Just change it accordingly. Check with the author for claraification.

Excellent thread.
Perhaps the chart in the first post could include data on the hour shown on the trading platform compared to / or translated into GMT. For instance, IBFX is GMT+0, so when it reads 17:00 on the charts, it is 17:00 GMT. Another broker, perhaps on in Eastern USA might display 12:00 on the charts, which would be 17:00 GMT. This would help put things into perspective for EAs that require time settings.

Doug

And what is most important! How one can calculate GMT offset.
First of all, make sure that your system offset is correct. You can get this information in the following places:
Time Zone Converter - The Time Zone - What time is it in ___?
Current local time in cities
Find your city there and compare its GMT value with timezone setted on your computer.

If everything is correct then look at MarketWatch in metatrader terminal. It shows the time of last received quote (so don't try it at weekends).

For example, you see 18:50:15 in MarketWatch of MT4 and your system clock shows 21:50. If we deduct your local time from time of broker then it will be -3 hours (18:50 - 21:50 = -3). If your time zone is GMT +5, then add this "-3" to your GMT and thus you get offset of your broker (5 + (-3) = 2). So here it is GMT +2.

here is an indicator which will show you the GMT offset for your server if applied.

Originally Posted by Christoph

here is an indicator which will show you the GMT offset for your server if applied.

May I know how it checks the server's GMT, by comparing it with a third party's time? ie. google

Or compare with the client's time?