The picture below shows a GMT3 broker whose server time is shown on top of the Market Watch window. Depending on the, mT4 brokers server time , the charts or the candlesticks on the charts are calculated differently. How to find out GMT offset your broker? GMT: The GMT brokers tend to offer 6 days of candlesticks during a week, where the Sunday candlestick is also included. View from the Main Menu and select. Besides the aspect binary today trade assistant of the different in pivot points, even the indicators such as moving averages or oscillators such as Stochastics or RSI are also calculated differently in comparison to regular GMT2 or 3 brokers. Download from here mT4 Time zone Indicator, from the above article, traders should be able to easily find out what time zone their broker is following and also be able to understand the differences between the GMT and GMT2 candlesticks). While this might seem to be not much of an issue, when making use of pivot points (especially daily pivots that are used on the intraday charts) the pivot values vary quite differently. When it comes to MT4 charts, not all brokers are created equally. As can be understood, the GMT brokers have an additional trading session (i.e: Sunday) for the week. In the chart below, we make use of a GMT broker, where the Sunday candlestick is shown on the chart.
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GMT2 (or 3 during European Summer DST) : Forex brokers whose servers are based off GMT2 (or 3) server time usually tend to offer 5 candlesticks during a week, representing 5 days of trading sessions in the week. Typically, GMT2(3) brokers follow the GMT timings of 5PM EST as the open and close of a new days trading session. MT4 Market Watch Tab, Brokers Server Time. From a technical analysis perspective, traders should simply follow the sentiment offered by the candlestick patterns as they exhibit market sentiment irrespective of whether your brokers server time is GMT or GMT2. For example, most GMT brokers tend to have an additional candlestick such as Sunday candlesticks as well. On the top of this window, the broker shows their server time. However, the differences are noticeable when you focus on the daily or H4 chart time frame candlestick patterns.
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