3183 Capital
03 Nov 2016, 00:31

How do I get One Cancels Other Orders (OCO) to show up on my cTrader platform?

3183 Capital
28 Oct 2016, 08:49

Any update on the feature of reconnection and then open/existing trades being re-instaded/re-connected with executed Algo?

3183 Capital
09 Mar 2016, 06:09

Gainer if it works for you then great. I guess it might make sense but I haven't done the calculation.

Let's try the calculation.

NY is UTC-5 and your saying UTC+2 which means 7 hours difference. So if the New York market close is 16:00 + 7 hours it = 23:00. If the market close is 17:00 + 7 hours it = 24:00/00:00. Then that's how you would get midnight. 

I've also noticed that Pivot Point is available on Web cTrader but no available on Desktop cTrader although you can download 3rd party code for Pivot Point but again the results are slightly different. 

Search for Pivot Point: /algos/indicators 

Oh well, even more ambiguity. 

3183 Capital
08 Mar 2016, 12:09

Thanks for your responses and suggestions. 

GB I understand the theory but the question is what time constitutes Open and Close in forex?

I have read on BabyPips that Wall Street / New York close time should be used. 

Which if understand correctly is UTC-5 currently and from 13 March 2016 moves to UTC-4. (http://time.is/New_York)

So if that's the case I'm not sure why Gainer is suggesting UTC +2? 

When I set cTrader to UTC-5 I have to Shift Pivot Point to line up with the close of UTC-5 at 16:00 [ https://en.wikipedia.org/wiki/List_of_stock_exchange_opening_times ] but the pivot points don't seem to stretch for a whole/entire 24 hours.

Now to complicate things further when you change the chart time frame 1m, 5m, 30m the Pivot Points shift. I'm really confused shouldn't they be the same levels?

With this confusion I thought I would search some more and found this: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:pivot_points

And there they say:

Pivot Points for 1, 5, 10 and 15 minute charts use the prior day's high, low and close. In other words, Pivot Points for today's intraday charts would be based solely on yesterday's high, low and close. Once Pivot Points are set, they do not change and remain in play throughout the day.

Pivot Points for 30 and 60 minute charts use the prior week's high, low and close. These calculations are based on calendar weeks. Once the week starts, the Pivot Points for 30 and 60 minute charts remain fixed for the entire week. They do not change until the week ends and new Pivots can be calculated.