open and close times

P

pipslinger

I'm using Metatrader, and trying to figure out when the various markets open and close relative to my time (EST). is this chart correct?

Alpari Metarader Times are +6 hours ahead of NYC

NYC = Metatrader
6pm = 00am =
7pm = 1am = Tokyo Open
8pm = 2am =
9pm = 3am =
10pm = 4am =
11pm = 5am =
12pm = 6am =
1am = 7am =
2am = 8am =
3am = 9am = London Open
4am = 10am = Tokyo Close
5am = 11am =
6am = 12am =
7am = 1pm =
8am = 2pm = NYC Open
9am = 3pm =
10am = 4pm =
11am = 5pm =
12am = 6pm = London Close
1pm = 7pm =
2pm = 8pm =
3pm = 9pm =
4pm = 10pm =
5pm = 11pm = NYC Close
 
Yes, this is correct, most of the time.

Two comments. First, you'll want to keep in mind (especially if you ever do any backtesting!) that Alpari servers are synchronized with CET, year round. As it happens, Europe adjusts for DST (daylight saving time) later in the spring and earlier in the fall than the US. Therefore, there will be periods, ranging from a few days to a few weeks, twice each year, when CET - EST = 5 hours, rather than 6. Ditto for your local NYC time vs. your MT4 time. See this site, for example and click on London and New York for details:

http://www.timeanddate.com/worldclock/

Note that GMT is never adjusted for DST. Unlike CET, BST (British Standard Time), EST and so on.

You might also want to install something handy like Qlock.

Second, European currency trading gets underway (in Frankfurt, etc.) a full 1-2 hours before London, 7-8 am CET = 1-2 am EST.
 
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