Close 1h candle at 16:00 instead at 16:30?!

[cNuuuuuu]

Hey guys,

I haven't found any thread in this regard, so sorry if this topic already exists.

When looking closer at the NT 1h charts of American stocks I figured out, that the first candle closes at 16:30 (which makes sense as the US opens at 15:30). However, for some reasons, in Europe, most public realtime-data / brokers close this candle already at 16:00 (instead of 16:30).

Do you have any idea why?
Is it possible to change NT that the first hourly candle is also closed at 16:00?
Which candles are "right" or more relevant?

Thank you for your posts and help

Cheers Pascal

[NinjaTrader_Kyle]

Hello,

Thank you for your post.

Which Session Template is applied to your chart? To check please right click in the chart and select Data Series; you will find the Session Template setting on the right side of this menu.

If you are using the '<Use Instrument Settings>' template please let me know which instrument is selected in the chart.

[cNuuuuuu]

ahhh, thank you! It was written <use instrument template>...
I just changed it to the 24/5 template and now candles are now closing at 16:00.

However, I am wondering whether this will also impact my trading stratgegies:

Assume a simple strat, which goes long when the 1h candle open [0] > close [0]. Would this strategy buy at 16:30 or already at 16:00 because I changed the template? Where do I have to modify that indicators, candles are already calculated at 16:00?!

Thank you very much!

[NinjaTrader_PaulH]

Hello cNuuuuuu,

Thanks for your post.

If your strategy is set with CalculateOnBarClose = true and if the strategy uses the condition Open[0] > Close[0] to place an order to go long and if the candle meeting the condition closed at 16:00 then the order would be placed on the next candle.

[cNuuuuuu]

thanks for your answer. I was in holiday.

I used "Print(Time[0].ToString("dd/MM/yyyy") + "," + Time[0].ToString("HH:mm:ss"));" on a 60Minute type to figure out when the candle is finished. I figured out that it is 16:30, 17:30 ...

However it works, when I change the session template of the data series. Is there a way to change the session template for all instruments at once?! I am not motivated to change the template for all S&P500 instruments manually

[NinjaTrader_PaulH]

Hello cNuuuuuu,

Thanks for your reply.

Regrettably the session templates are applied per dataseries. I am not aware of a method to globally change/apply them.

[cNuuuuuu]

I'll apply the unsupported way mentioned in this thread:

http://ninjatrader.com/support/forum/showthread.php?t=60893

Thanks for your help!