Back testing in Winter and Summer
Posted: Thu Jan 14, 2016 2:10 pm
Hi,
I am trading with IC market broker. MT4 at summer has GMT+3 and Winter is GMT+2. I want to do back test for 1 year. Which UTC I have to select in Adjust TimeZone list when export data for summer and winter ? Please help.
Below is information i received from IC Market broker:
I am trading with IC market broker. MT4 at summer has GMT+3 and Winter is GMT+2. I want to do back test for 1 year. Which UTC I have to select in Adjust TimeZone list when export data for summer and winter ? Please help.
Below is information i received from IC Market broker:
Please be informed that on Sunday the 1st of November, 2015 IC Markets Metatrader 4 server time will move backwards by one hour from GMT +3 to GMT +2. This change is to reflect the US Eastern Standard Time change taking place on the 1st of November, 2015
IC Markets Metatrader 4 server time is based on “5 pm New York”. As the time in the US will move back by one hour IC Markets server time will also move backwards to reflect the change.
How does this change affect you?
The time in the market watch window will now be set at GMT +2, depending on your time zone you may also notice the market open one hour later on Monday. The charts will still show an opening time of 00:00 platform time. Some EA’s using a GMT offset may also be affected by this change, you should make the necessary adjustments to the GMT offset in your EA settings prior to the 1st of November.
The GMT offset explained
The market will close on Friday the 30th of October at 20:59 GMT, 23:59 platform time. New trading hours will start from November 1st 2015, these are listed below.