3H or 4H bar ?

Wallace · Dec 23, 2009

which do you prefer, works better, a 3 or 4 hour price bar ?
what start/end time do you use ? - or is it default only

MT4 has a 4H s/e time of 3pm 7pm 11pm etc pst - fixed - can a 3H bar be created ?
Oanda FXT has a 3H s/e time is 2pm 5pm 8pm etc pst - fixed ?
NT has both/any, haven't checked s/e time yet - fixed ?

never used a 3H except it's in Oanda; i was never that happy with the 4H and just
beginning to question if the 3H is the better bar, if it correlates better with the price
movement / entries / exits

OTCkrak · Dec 23, 2009

Quote from Wallace:

which do you prefer, works better, a 3 or 4 hour price bar ?
what start/end time do you use ? - or is it default only

MT4 has a 4H s/e time of 3pm 7pm 11pm etc pst - fixed - can a 3H bar be created ?
Oanda FXT has a 3H s/e time is 2pm 5pm 8pm etc pst - fixed ?
NT has both/any, haven't checked s/e time yet - fixed ?

never used a 3H except it's in Oanda; i was never that happy with the 4H and just
beginning to question if the 3H is the better bar, if it correlates better with the price
movement / entries / exits

ive seen and used both but the idea is that if you think of equity markets open for 7 hours while futures/fx open longer.. the 4hr bar creates a morning and afternoon session. while the 3hr bar splits the trading day in 3.

depending on time zones and instrument, think of the action during that bar/candle

Wallace · Dec 24, 2009

i'll be doing some eyeball research over the hols to see if there's any useful difference
between them as well as other bar periods
NT's s/e time can't be set but i'm wondering if it can be done with mt4 as offline charts
are able to be created

Quote from OTCkrak:
depending on time zones and instrument, think of the action during that bar/candle

the futures and fx markets are 24hrs and fx is available 7 days tho little or no trading
occurs during Saturday unless there were to be an 'event', however trading at Oanda
on Sundays starts before other fx brokers i'm aware of open, makes me wonder if
Gann's 7 day charting should be used