Forex Morning Trade System

I will explain the chart and all the indicators after we'll complete the whole setup.

Almost the last thing we need to do is to synchronize the time of the FxMorningTrade indicator with the time zone of your broker. Remember that different brokers use different time zones, which means that the same candle (bar) on the chart can have value 8:30am at one broker, and 6:30am at another.

We will check for trading signal every day at 5:30am GMT, so we need to make sure our indicator is set up properly.

To determine the time zone of your broker, simply scroll the chart to the right to the very last bar, and check what its time is (MetaTrader has to be connected and must receive data).

I can see that the broker time at the last candle is 18:45. When I'll check the real time in GMT time zone, it is 16:42. The broker time is always rounded up to 15 minutes, so it won't have 18:42, but 18:45.

From this observation I see that the broker time is two hours higher than current GMT time, in another words, it uses GMT + 2 time zone. So when in reality we will trade at 5:30am GMT, in MetaTrader platform of this broker we'll see 7:30am.

Now we should set up our FxMorningTrade indicator so that it uses broker time.

Click anywhere on the chart with the right mouse button, and choose Indicators List from the menu.

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