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Sunday, November 14, 2010

VS_PipsCola_D01 Trading Time On ForexCoJpy

I want to explain in more detail how to configure VS_PipsCola_D01 trading time. This is to avoid mistakes as there are different time zones held by the broker. I will give examples of how to set the trading time on the broker Forex.Co.Jpy.
And again I would like to emphasize that VS_PipsCola_D01 not transact at weekend and in the beginning of the week. If you are still confused how to set RestrictionDay parameters, then you should just remember the rules. I created RestrictionDay Parameters to prevent the EA deal over the weekend and the beginning of market opening.
To set the trading time on ForexCoJpy then we need to know the time zone used by the broker. Currently, the time zone used by ForexCoJpy are GMT 9. And if I look at this broker does not implement Daylight Saving Time. I know it after seeing the losses that occurred in Charlotte, where the EA deal 1 hour early. At first I thought ForexCoJpy will switch their timezone to GMT 8 when DST ends. And apparently not, so I had to change the trading time.
Let the following parameters of the trading time to brokers ForexCoJpy VS_PipsCola_D01.
OpenHour = 5;
OpenMinute = 0;
CloseHour = 7;
CloseMinute = 59;
EnableXtraTime = False; Unless you want to use it, then adjust the position of True;
XtraCloseHour = 9;
XtraCloseMinute = 59;
For RestrictedDay settings, we can use
DAY_OF_WEEK parameter to prevent the EA deal at the weekend. While we use Day_Of_Week2 parameter to prevent the EA deal in the beginning of week. You can just swap it. Furthermore, you can use it to prevent the EA deal on Days and hours you specify yourself. For example, if there is a major event that coincided with the trading time, then you can set this parameter to prevent the EA deal at the time the event occurred. Of course, after the event is finished you have to set it again to prevent EA transact at weekends and in the beginning of the week.
Market closure on forex.co.jpy happen on Saturday. For that the settings are:
DAY_OF_WEEK = 6;
Begin = 0;
End = 23;
To prevent the EA deal in Market Opening on Forex.Co.Jpy Broker:
DAY_OF_WEEK = 1;
Begin2 = 5;
End2 = 8;
Actually, if you fill with Begin2 = 0 and End2 = 23 then the result remains the same. I'm using Begin2 = 5 and End2 = 8 to clarify its usefulness, that preventing the EA deal in the beginning of the week.

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