NexusFi: Find Your Edge


Home Menu

 





Do you set your time zone EST?


Discussion in Tech Support

Updated
      Top Posters
    1. looks_one Fat Tails with 10 posts (15 thanks)
    2. looks_two Big Mike with 3 posts (0 thanks)
    3. looks_3 baruchs with 3 posts (0 thanks)
    4. looks_4 DarkPoolTrading with 3 posts (1 thanks)
      Best Posters
    1. looks_one keymoo with 2 thanks per post
    2. looks_two Fat Tails with 1.5 thanks per post
    3. looks_3 Mobiius with 1 thanks per post
    4. looks_4 DarkPoolTrading with 0.3 thanks per post
    1. trending_up 15,981 views
    2. thumb_up 20 thanks given
    3. group 9 followers
    1. forum 35 posts
    2. attach_file 2 attachments




 
Search this Thread

Do you set your time zone EST?

  #1 (permalink)
 
Tasker_182's Avatar
 Tasker_182 
Cedar Rapids, iowa
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader - Continuum
Posts: 716 since Aug 2009
Thanks Given: 476
Thanks Received: 1,401

Hi,

If you live outside the Eastern Standard Time (Est) zone, do you set your computer and or software to reference EST?

I live in central US, (CST) and have recently begun posting charts and shtuff in my journal but all my times reference CST and I was wondering if that is the wrong way to do things. I thought I read somewhere (not sure where) that one fella set his PC to be EST even though he was PST. I didn't know if this is common or even standard practice, so thought i would ask.

I use Ninja, so if anyone has any specific suggestions or recommendation, please let me know.

Regards,

Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
ZombieSqueeze
Platforms and Indicators
Are there any eval firms that allow you to sink to your …
Traders Hideout
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
Battlestations: Show us your trading desks!
26 thanks
The Program
18 thanks
  #2 (permalink)
 
randyjb's Avatar
 randyjb 
Southern California
 
Experience: Intermediate
Platform: NinjaTrader
Trading: TF
Posts: 71 since Jun 2009
Thanks Given: 497
Thanks Received: 34

I would suggest doing whatever suits you best, likely keeping your pc clock based in the time zone in which you live. If you decide to post charts here for explanations or examples you might be kind enough to indicate the time zone on which they are based and that should work out fine for everyone.

Happy Trading

Randy
Reply With Quote
  #3 (permalink)
 
Tasker_182's Avatar
 Tasker_182 
Cedar Rapids, iowa
Legendary Market Wizard
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Ninjatrader - Continuum
Posts: 716 since Aug 2009
Thanks Given: 476
Thanks Received: 1,401



randyjb View Post
I would suggest doing whatever suits you best, likely keeping your pc clock based in the time zone in which you live. If you decide to post charts here for explanations or examples you might be kind enough to indicate the time zone on which they are based and that should work out fine for everyone.

Happy Trading


Yep, been doing that, thanks!

Started this thread Reply With Quote
  #4 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,534

I keep my local time, for my sanity. But MultiCharts does have the option of charting in Exchange time for any instrument/chart, which can certainly be useful.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #5 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

Same here all my charts are set to my time zone...tried setting to EST a long time ago but realized life is easier sticking to my local time.....

Reply With Quote
  #6 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

I am not married to any specific program, so I have the system clock of my PC set in my local time.

For NinjaTrader there is no reason to use a different time zone then your local time zone. There are two points that I would like to mention

-> make sure that all your session templates use the time zone of the exchange, where the instrument displayed is traded
-> when importing data make sure that you select the time zone, which has been used beforehand to store that data

Reply With Quote
Thanked by:
  #7 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


Fat Tails View Post

-> make sure that all your session templates use the time zone of the exchange, where the instrument displayed is traded

just curious, what's the reason to use the time zone of the exchange?

Reply With Quote
  #8 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102


Silvester17 View Post
just curious, what's the reason to use the time zone of the exchange?

Different daylight savings rules in the US, Europe and Asia.

If you do not use the time zone of the exchange, the session start times can be false. The US moves to summertime two weeks earlier than the European countries, and in autumn it moves back to wintertime one week later. Tokyo does not have summertime at all.

For the US based trader only trading US markets, not being aware that there is an outside world, this is not required. However, a US trader trading instruments on EUREX or LIFFE will quickly run into problems, if she/he uses a US session template.

Reply With Quote
Thanked by:
  #9 (permalink)
 
Silvester17's Avatar
 Silvester17 
Columbus, OH
Market Wizard
 
Experience: None
Platform: NT 8, TOS
Trading: ES
Posts: 3,603 since Aug 2009
Thanks Given: 5,139
Thanks Received: 11,527


Fat Tails View Post
Different daylight savings rules in the US, Europe and Asia.

If you do not use the time zone of the exchange, the session start times can be false. The US moves to summertime two weeks earlier than the European countries, and in autumn it moves back to wintertime one week later. Tokyo does not have summertime at all.

For the US based trader only trading US markets, not being aware that there is an outside world, this is not required. However, a US trader trading instruments on EUREX or LIFFE will quickly run into problems, if she/he uses a US session template.

that's what I thought your reasoning is. and it makes sense.

but since I'm a US based trader, only trading US markets I changed everything to my time zone. even though sometimes even I am aware of an outside world.

Reply With Quote
  #10 (permalink)
 bibulous 
Germany
 
Experience: Beginner
Platform: MultiCharts, NinjaTrader
Broker: IB/IQFeed
Trading: NQ, YM
Posts: 81 since Jun 2009
Thanks Given: 114
Thanks Received: 63


I always use the timezone of the traded instrument. Way easier with daylight saving time..

Reply With Quote




Last Updated on February 21, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts