Proper GMT Time Setting procedures - Page 2

Almandine · #11 12-08-2008, 02:27 AM

Quote:

Originally Posted by Lorenco

My Local Timezone = GMT + 02:00
and market`s time ( FXDD )is exactly the same with my time.So i put "2" in my GMT offset?

The short answer is yes.

alan · #12 12-08-2008, 03:25 AM

Quote:

Originally Posted by limitup

I find it odd that both FXDD and FxPro are +2 with ...with FXDD in New York and FxPro in Cypress. Both are keying in on the same Market Time server. So, I guess you cannot base your setting on brokers location relative to GMT...only the Market time server the use...I guess that is wat I have been trying to say. Now I'm not so confused.

The location of the server/broker has nothing to do with the server's GMT setting. They can set ANY GMT setting on their servers if they please.

But bear in mind that the setting is NOT totally arbitrary. There are certain reasons why certain GMT server settings are better than others (having to do with when trading sessions start and overlap etc...)

Mohd Shah Nizam · #13 12-08-2008, 03:27 AM

I still dont understand..let say my market watch time is the same with my GMT Time..
So what is my GMTOffset value...?
Can u give me example...?
Thanx...

alan · #14 12-08-2008, 03:47 AM

Quote:

Originally Posted by Mohd Shah Nizam

I still dont understand..let say my market watch time is the same with my GMT Time..
So what is my GMTOffset value...?
Can u give me example...?
Thanx...

In that case it would be the same value as your GMT value. IE if you're in GMT 0 and your broker's market watch time is also GMT 0 then obviously your GMT offset would be GMT = 0

But once again it is important that you STOP thinking about your GMT time...it is tottally irelevant. What matters are two variables

1) The official GMT time
2) Your broker's time (marketwatch)

Follow the method outlined in the first post and you should have no problems.

Mohd Shah Nizam · #15 12-08-2008, 04:01 AM

I confuse on which GMT Time should I use from the www.greenwhichmeantime.com website...
Can somebody help...
Thanx...

alan · #16 12-08-2008, 04:22 AM

The one at the bottom.

GeeWizard · #17 12-09-2008, 11:33 PM

Whats the GMT offset value setting if living in Australia or New Zealand?!! if using forexmeta?!

alan · #18 12-10-2008, 01:28 AM

It's the same throughout the world...I'll repeat it one more time...your location DOES NOT matter...it's only the BROKER'S SERVER time that matters.

Paul · #19 12-15-2008, 06:50 AM

Quote:

Originally Posted by GeeWizard

Whats the GMT offset value setting if living in Australia or New Zealand?!! if using forexmeta?!

When you open your metatrader which your broker provided you with....

click on the "market watch" icon under and between "view" and "insert" there you will see your gmt time.

Jskyblue7 · #20 12-18-2008, 11:53 AM

Im in Hawaii but you said not to use our timezone so I am using the Greenwich
time posted on the left it is 16:42(not my hawaii Greenwichtime) and my market watch time is 18:47. So the difference would be about 2 so my GMT Offset would be 2?