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.
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.
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.
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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
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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.
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