Hi everyone, i see that CFD brokers that are using same GMT time on similar stocks have different sessions trading time and different quotes time when compared with each other.
During backing most EAs use sessions quotes time, instead of sessions trading time. This a huge mistake that traders make during back-testing on especially on CFDs because all brokers have different contracts with their LPs on indices the broker is allowed to offer and the trading time which normally displays 1. session quotes time 2 sessions trade time, and this varies from broker to broker on a similar CFD pair.
i discovered this during a backtest .
See image below of EA taking orders that don't exist in backtest. This will result to a loss in live trading.
EA taking orders that dont exist in backtest. This will result to a loss in live trading
You can see from the image below that it varies from broker to broker on the same Pair
Now that i have shared this useful information, will anyone be willing to help me modify my EA so that backtest/live trading will based on ''sessions trading time'' not ''sessions quote time''
Thanks everyone.
ufile.io/7f7j3