forexite : GMT or GMT+1

Sources of data to import to the program
Message
Author
sstef
Posts: 2
Joined: Sat Jun 30, 2012 4:03 am

forexite : GMT or GMT+1

#1 Postby sstef » Sat Jun 30, 2012 4:05 am

hello
firstable, very thanks for the free data forexite
here you say forexite's data are GMT, on other forum, it is confirmed it's gmt+1 ?
on forexite, they say data are gmt+1 too !
i don't know what to consider ?

FT Support
Posts: 905
Joined: Sat Jul 11, 2009 10:54 am
Contact:

#2 Postby FT Support » Sun Jul 01, 2012 8:55 am

Hello,

All our data are converted to GMT time zone without Daylight Saving Time support.
Check our other products here:
www.fx-metropolis.com
www.forexcopier.com

zug7
Posts: 1
Joined: Fri Sep 13, 2013 1:36 am

#3 Postby zug7 » Fri Sep 13, 2013 1:53 am

FT Support wrote:Hello,

All our data are converted to GMT time zone without Daylight Saving Time support.



It seems to me that this is not correct. Here is why:

I have downloaded AUDUSD with August as the last month.

In the northern hemisphere it is still summer and there is still daylight saving time (DST). The following 2 entries denote the last minute of the previous week and the first minute of the new week:

AUDUSD,20130823,195900,0.9033,0.9033,0.9032,0.9032,4
AUDUSD,20130825,220000,0.9025,0.9025,0.9024,0.9024,4


Now I pick the same trading minutes (last minute of the week, first minute of the next week) in the middle of the winter, in the northern hemisphere there is no DST:

AUDUSD,20121207,210000,1.0486,1.0486,1.0486,1.0486,4
AUDUSD,20121209,230000,1.0485,1.0486,1.0484,1.0484,4

As you can see the winter time is +1 hour. - Well, GMT has no DST it is always equal in summer and in winter. This is why I expect the begin of the week and the end of the week to be the same in winter and in summer if this was really GMT.

What am I missing?

FX Helper
Posts: 1155
Joined: Mon Apr 01, 2013 3:55 am

#4 Postby FX Helper » Fri Sep 13, 2013 8:55 am

Hello,

Forexite broker works in GMT+1 time zone in winter and in GMT+2 time zone in summer. We convert historical data from all brokers into GMT time zone.
Forexite brokers starts working at 00:00 in hsi time zone. So in GMT time zone Forexite broker starts working in winter at 23:00 and in summer at 22:00.


Return to “Data sources”

Who is online

Users browsing this forum: No registered users and 1 guest