Yes, you're of course right Harry; I was too generic in my answer, and wasn't thinking of all the 'other instruments' which you listed with their unique trading hours. I would never ever recommend trading them in MT4, they are difficult to find, plus they are CFDs - as is gold - which often results in different price levels (from the proper CME contract) when it comes to quick spike moves. I do like the ability to easily check and receive realtime charts & prices if I am mobile on Android or IOS, with a perpetually lasting MT4 demo account; GCI's MT4 is one that has most of the contracts you listed, and prices are usually within 2 ticks or so of the proper CME contract.

I think the FxPro gold CFD closes at 5pm EST as opposed to the formal CME 5:15pm close. And if new lows/highs are made in that period (as tends to happen sometimes, ie., Fridays), the price of course won't reflect it. But, if @eric73 is looking for pivot accuracy, they should be accurate and equal to the GC CME contract close to 99% of the time.

How would you catch that settlement price with MetaTrader? Even if your high and low is accurate 99% of the time, your close will be always false, as you cannot use the candle close at 5:00 PM to approximate the correct settlement price, which was the gold price about three and a half hours earlier.

I have seen MT4 indicators that allow one to specify open and close times to use in various calculations and I don't see why it can't be programmed.

I don't use MT4 for anything other than spot forex any longer, and the odd gold or other commidity trade I take is based off of NT7 provided levels and indicators.

Hi Fat Tails,

I've read through past posts where you discuss pivot points and how crucial the settlement price is to properly calculating them. Most of the posts are a couple years old however.
Do you know if Ninja will display proper pivots at this point, or if the workaround is still to connect with kinetic end of day data?

Thanks,
BlackSwan

If you want to use the settlement price, you need a datafeed that supplies it. NinjaTrader is just the software, and you can connect it to many different datafeeds. If you trade futures, the best solution is to subscribe to a decent datafeed such as DTN/IQ or Kinetick and you are done.

If your primary datafeed is something else, such as Zenfire, CQG or Interactive Brokers, then NinjaTrader offers you to first-connect to the free Kinetick EOD feed (for daily data, including settlement) and then second-connect to your default datafeed.

The 5 PM EST candle is relevant for FOREX cash, FOREX futures and interest rate futures.