22 April Trading - Page 2

markyboy · #11 04-23-2009, 05:59 AM

Quote:

Originally Posted by server

I've been wondering about this as well. It seems sensible only to alter the start time when there is a difference between UK/Europe, US and Asian market times. Europe and UK change their clocks on 29 March, US on the second Sunday of March (March 8th) and Japan does not adust their clocks.

So maybe GMToffset should not be adjusted but fapturbo hours should be changed to:
start 20, end 1 from March 8 to March 29
start 21, end 2 from March 29 until BST ends.

Jilly, have you noticed any difference in spread between the classic and micro accounts for Alpari EURCHF?

I was getting 5 last night using classic whereas donnaforex looked like she was getting 3 (I don't know which account type she uses).

Surely, that would have the same effect as adjusting the GMT Offset? The issue is whether you want to start trading at the start of the Australian open or an hour before. Some sites seem to suggest it should be an hour before.

I'm on Alpari UK classic also and have noticed that the spread seems to have gone up from 4 last week to 5 this week, whereas the demo account is fixed at 3. I would be interested in knowing what the micro account spread is...

JillyB · #12 04-23-2009, 06:38 AM

Quote:

Originally Posted by server

I've been wondering about this as well. It seems sensible only to alter the start time when there is a difference between UK/Europe, US and Asian market times. Europe and UK change their clocks on 29 March, US on the second Sunday of March (March 8th) and Japan does not adust their clocks.

So maybe GMToffset should not be adjusted but fapturbo hours should be changed to:
start 20, end 1 from March 8 to March 29
start 21, end 2 from March 29 until BST ends.

Jilly, have you noticed any difference in spread between the classic and micro accounts for Alpari EURCHF?

I was getting 5 last night using classic whereas donnaforex looked like she was getting 3 (I don't know which account type she uses).

Hmm, I haven't checked that yet. I've got a live account on both classic and micro, so I'll have a look tonight. I had just assumed they would be the same.

JillyB · #13 04-23-2009, 06:48 AM

Quote:

Originally Posted by markyboy

Surely, that would have the same effect as adjusting the GMT Offset? The issue is whether you want to start trading at the start of the Australian open or an hour before. Some sites seem to suggest it should be an hour before.

I'm on Alpari UK classic also and have noticed that the spread seems to have gone up from 4 last week to 5 this week, whereas the demo account is fixed at 3. I would be interested in knowing what the micro account spread is...

Yes it would, but I think server means that we should only do this while there is a discrepancy between the UK and US times (i.e. that the US alter their clocks 3 weeks before the UK) once we are all back in sync again then surely the offset should be moved back?

As I see it fapturbo exploits the 'dead zone' in the markets that occurs between the close of the US markets and the open of Asia. It didn't take into account the open of the Australian markets, because this doesn't tend to move the pairs we trade with any great conviction. It is this 'zone' in time we seek to exploit which is between 9pm (close of US markets) and 1am (open of Asia) (UK time). At the moment by using GMT offset at 2 we are trading between 10pm and 2am. As the US and Asia have both altered their clocks as well now, fapturbo is trading out by 1 hour.

When the US had altered their clocks and the UK hadn't then the US markets closed at 10pm UK time, so yes the GMT offset should have been 2 at this point, to avoid us getting caught up in any last minute trading. However now that everything is back in sync, shouldn't we be too?

markyboy · #14 04-23-2009, 07:39 AM

Quote:

Originally Posted by JillyB

Yes it would, but I think server means that we should only do this while there is a discrepancy between the UK and US times (i.e. that the US alter their clocks 3 weeks before the UK) once we are all back in sync again then surely the offset should be moved back?

As I see it fapturbo exploits the 'dead zone' in the markets that occurs between the close of the US markets and the open of Asia. It didn't take into account the open of the Australian markets, because this doesn't tend to move the pairs we trade with any great conviction. It is this 'zone' in time we seek to exploit which is between 9pm (close of US markets) and 1am (open of Asia) (UK time). At the moment by using GMT offset at 2 we are trading between 10pm and 2am. As the US and Asia have both altered their clocks as well now, fapturbo is trading out by 1 hour.

When the US had altered their clocks and the UK hadn't then the US markets closed at 10pm UK time, so yes the GMT offset should have been 2 at this point, to avoid us getting caught up in any last minute trading. However now that everything is back in sync, shouldn't we be too?

That makes absolute sense. Thanks for the explanation - I'll put that into action tonight. I'm only trading EURCHF at the moment and last night there was a lot of volatility before 10pm so I probably wouldn't have traded until then anyway.

By the way, are the 2 links at the bottom of your posts to the Alpari accounts, if so, which one is Micro, which one is classic?

Thanks for your help,

Mark

server · #15 04-23-2009, 08:34 AM

Quote:

Originally Posted by markyboy

Surely, that would have the same effect as adjusting the GMT Offset?

No, it would extend the session by one hour in both cases.

server · #16 04-23-2009, 08:41 AM

Quote:

Originally Posted by JillyB

Yes it would, but I think server means that we should only do this while there is a discrepancy between the UK and US times (i.e. that the US alter their clocks 3 weeks before the UK) once we are all back in sync again then surely the offset should be moved back?

This is true for the start time. However the end time gets out of sink during our summer time as the Japanese don't alter their clocks.

JillyB · #17 04-23-2009, 09:04 AM

Quote:

Originally Posted by server

This is true for the start time. However the end time gets out of sink during our summer time as the Japanese don't alter their clocks.

If you look at Forex Factory - it gives the open of Tokyo as 1am. Are you saying that in the winter this is 12 midnight then?

server · #18 04-23-2009, 11:37 AM

Quote:

Originally Posted by JillyB

If you look at Forex Factory - it gives the open of Tokyo as 1am. Are you saying that in the winter this is 12 midnight then?

Yes that is correct.

"Japan Time does not operate Daylight-Saving Time" see:
http://wwp.greenwichmeantime.com/tim...ia/japan/time/

flag trader · #19 04-23-2009, 02:50 PM

can't seethe last hour making a differance in fact recent testing suggests the last hour is causing added volatility i will be switching back from tonite and see how it goes