Q on Candle formation

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10-04-2006
adrix_17_boy

Q on Candle formation

Mouteki is used on H4 charts.

I've a query.

Seeing that brokers have different server time. And MT4 Candles are time dependent: Support emerged Candle 3 to Broker A, but it looked on Candle two for Broker B. Therefore the Support Line will be different for these brokers.

Will it greatly impact the whole thing?

For one thing, it is likely to find different entrance points; When a broker has a previous server time, the candles could look earlier and therefore, call for an earlier entry. YET it can also be potential the its own candle opened over the service line and on Broker B (being late), starts off its new candle lower compared to the support line already.

Hmm... this is getting confusing...
11-28-2021
adrix_17_boy

Yup, H1 appears fine, but it goes contrary to the mouteki's assumption of utilizing H4 charts.

Below is a chart from NF (Left) and IBFX (correct ).

It's clear that these two will have different Support Lines. . IBFX has an earlier service than NF.

Hmm...

I think id try to modify mouteki to utilize H1 candles yet sticking to the 4 hour rules. Ie, utilize H1 candles, group 4 candles collectively... and all candles to start off exactly on Monday Asia Open
https://www.cliqforex.com/attachments/1527445415.jpg
11-28-2021
jttanchwz72

Someone is ahead of you.

Https://www.cliqforex.com/trading-sy...orrection.html

using a Fantastic solution I would add...
11-28-2021
jaulest

:

Mouteki is allegedly used on H4 charts.

I have a question.

Seeing that brokers have different server time. And MT4 Candles are time dependent: Support appeared on Candle 3 to Broker A, but it appeared on Candle two for Broker B. Hence the Support Line will differ for these brokers.

Can it greatly affect the whole thing?

For starters, it is likely to get different entry points; If a broker has an earlier server time, the candles could appear earlier and consequently, call for an earlier entry. YET it can also be potential the its candle opened over the service line and on Broker B (being late), starts off its new candle lower than the support line .

Hmm... this is getting confusing....

I was backtesting using the 1hr candle in 12AM, 4AM, etc. since my MT4 has the 4hr changing at 2AM, 6AM, etc.. .