which do you prefer, works better, a 3 or 4 hour price bar ? what start/end time do you use ? - or is it default only MT4 has a 4H s/e time of 3pm 7pm 11pm etc pst - fixed - can a 3H bar be created ? Oanda FXT has a 3H s/e time is 2pm 5pm 8pm etc pst - fixed ? NT has both/any, haven't checked s/e time yet - fixed ? never used a 3H except it's in Oanda; i was never that happy with the 4H and just beginning to question if the 3H is the better bar, if it correlates better with the price movement / entries / exits
ive seen and used both but the idea is that if you think of equity markets open for 7 hours while futures/fx open longer.. the 4hr bar creates a morning and afternoon session. while the 3hr bar splits the trading day in 3. depending on time zones and instrument, think of the action during that bar/candle
i'll be doing some eyeball research over the hols to see if there's any useful difference between them as well as other bar periods NT's s/e time can't be set but i'm wondering if it can be done with mt4 as offline charts are able to be created the futures and fx markets are 24hrs and fx is available 7 days tho little or no trading occurs during Saturday unless there were to be an 'event', however trading at Oanda on Sundays starts before other fx brokers i'm aware of open, makes me wonder if Gann's 7 day charting should be used