So the cutoff time is 3:45 pm ? In my mind it was 4pm .
In the Fx market isn't it 5 pm EST the actual rollover or end of the day even on Friday?
What I hate about Oanda is their charts that don't use the 5pm close but a 12 am EST close and don't aggregate weekend data with Monday data. I have made trading decisions based on that not realizing and lost money. It may have been for other reasons as well but still they could use the conventional trading hours in their data .
As far as spreads during the session, I don't really look at them anymore . I just know that it's become impossible to trade news with them because you'll get quotes as far as 50 pips away from the market, your stops will be gunned and you will have a big loss as soon as you enter a position. The days you could make a buck trading news are gone, at leastwith Oanda and most FX brokers IMO.
In the Fx market isn't it 5 pm EST the actual rollover or end of the day even on Friday?
What I hate about Oanda is their charts that don't use the 5pm close but a 12 am EST close and don't aggregate weekend data with Monday data. I have made trading decisions based on that not realizing and lost money. It may have been for other reasons as well but still they could use the conventional trading hours in their data .
As far as spreads during the session, I don't really look at them anymore . I just know that it's become impossible to trade news with them because you'll get quotes as far as 50 pips away from the market, your stops will be gunned and you will have a big loss as soon as you enter a position. The days you could make a buck trading news are gone, at leastwith Oanda and most FX brokers IMO.