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6E correct time template for NT7
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6E correct time template for NT7

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6E correct time template for NT7

What time does the 6E start trading? RTH? NT has it at 8:20 as far as what the time template says, is that correct? Thanks

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Upupandaway View Post
What time does the 6E start trading? RTH? NT has it at 8:20 as far as what the time template says, is that correct? Thanks

yes, that's correct.

rth is from 8:20 am - 3:00 pm (eastern time)

here's the link from cme group: (this is in central time)

EUR / USD

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I do not recommend to use a RTH template for FOREX pairs or currency futures. The Euro often makes large moves during the London session and you will not know what European traders did if you use a RTH session template.

So either you would use an ETH template covering the electronic trading times (5:00 PM EST to 4:00 PM EST), or an ETH template with subsessions. The templates are attached below.

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6E correct time template for NT7-session-template-6e-eth.jpg   6E correct time template for NT7-session-template-6e-default.jpg   6E correct time template for NT7-session-template-6e-default-2.jpg  
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Here is an example, why you should not exclude the European session from your charts.

The volume during the European session is slightly lower than during the US session. But if there is a larger move, the European session will set the benchmark for the US session.

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6E correct time template for NT7-6e-12-11-5-min-18_11_2011.jpg  
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Thank you silvester17 and Fat tails very much! It's appreciated!

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why do we just do just "Default 24x7" so wont miss any sessions, including Asia, Europe and US sessions

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emini_Holy_Grail View Post
why do we just do just "Default 24x7" so wont miss any sessions, including Asia, Europe and US sessions

With the default 24/7 session template you cannot

-> determine the correct high and low of the session
-> calculate the daily range
-> calculate floor pivots
-> calculate the VWAP (volume weighted average price) of the session
-> calculate an opening range
-> calculate market profile or point of control of the current session

Also you will get unnecessary gaps if you use charts with multiple bar series, as these require non-equidistant bar spacing.

To summarize: The session template 24/7 is always false and should be avoided in any case. It is based on midnight New York time, and I do not know any instrument. for which the trading session closes at midnight EST.

For futures look up the official trading times at the exchange and select an appropriate session template under instrument settings.

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Fat Tails View Post
With the default 24/7 session template you cannot

-> determine the correct high and low of the session
-> calculate the daily range
-> calculate floor pivots
-> calculate the VWAP (volume weighted average price) of the session
-> calculate an opening range
-> calculate market profile or point of control of the current session

Also you will get unnecessary gaps if you use charts with multiple bar series, as these require non-equidistant bar spacing.

To summarize: The session template 24/7 is always false and should be avoided in any case. It is based on midnight New York time, and I do not know any instrument. for which the trading session closes at midnight EST.

For futures look up the official trading times at the exchange and select an appropriate session template under instrument settings.

Fat,

What 6E session template do you suggest for me that live in GMT+1 Time Zone ... just as you exemplify in post #4 above.

Lolu

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lolu View Post
Fat,

What 6E session template do you suggest for me that live in GMT+1 Time Zone ... just as you exemplify in post #4 above.

Lolu

The session template does not depend on your time zone. The session template uses the timezone of the exchange. You can use one of the three session templates, which I posted above at your choice.

Which session template you use, entirely depends on your trading habits. If you want to trade the European session, it is likely that you want to use an opening range breakout indicator such as the noise bands. Then you will probably select the third template which has a separate session starting with the London open.

If you trade the US session only, then you can rely on the second session template above, which reproduces the exact RTH session times of 6E, as per contract specifications.

If you just use pivots and VWAPs, but no opening range related indicators, then you can take the first template, which reproduces electronic trading hours of 6E.

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