How to set the correct GMT and DST for your broker

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Andrey Khatimlianskyi
  • updated

1. Enable News filter, set the "Non-Farm" key-word.

2. Run the back-test for 1-1.5 years on any symbol containing "USD", timeframe M5-M15.

Modelling mode doesn't matter, you can use Control points for faster test.

3. Find the news lines on the chart (or trades arrows after MT5 test), they should fit the strongest price movement of the day.

4. If they are not, correct GMT (to move all lines left or right) or DST (to move only winter or summer lines).

5. Repeat until success ;)

Here I set GMT +4 and ran the first test:

Image 1121

Then I changed GMT to +2:

Image 1122

Always check both summer and winter periods, lines should fit the movements all the year.

Set for MT4 (CP v2.29) — CP_MT4_USD_GMTandDST_check.set

Set for MT5 (CP v2.29) — CP_MT5_USD_GMTandDST_check.set

Replies 22
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1
Andrey Khatimlianskyi
Quote from david pendragon

Hi Andrey Khatimlianskyi,


I did exactly whay you said in the tutorial but unfortunately the news lines do not appear on the chart.

I let you below the screenshots of the process from the downloading of the news data to the backtest's result in visual mode.


Hope you can help me,

David

Hey, sorry for the long wait, I missed your comment.

Your folder name is wrong, it shouldn't contain years.

Here is the correct name:

Image 3631

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0
Ulises Cune

I think this can be useful for everyone:

Script to determine whether your Broker follows the US, UK or AU daylight (DST) schedule.

The script scans the H1 chart bars at the expected dates for the daylight changes, and by comparing the changes in server (bar) times at these bars, the DST schedule of your broker can be determined.

DST_AU schedule:

DST_UK schedule:

DST_US schedule:

DST_NONE schedule:

  • the server does not forward its clock during summer.

Original:

https://www.mql5.com/en/code/48650

Script:

BrokerDaylightSchedule.mq5

BrokerDaylightSchedule.ex5