The overlap between London and New York sessions offers the best opportunities for currency traders..Forex Market Sessions and Time-Zones

The Foreign Exchange market is open and active 24 hours a day, 5 days per week. This unique feature allows Forex investors in all over the world to trade during their normal hours.

 

Two Time Zones

There are two Forex time zones (Summer and Winter):

  1. Summer Zone (April – October)
  2. Winter (approx. October – April)

 

Forex Market Sessions

Currencies trade 24 hours a day, 5 days a week. This round the clock trading process exists due to different time zones where markets operate in the four corners of the world.

The Foreign Exchange market is divided into four main sessions: the European, the North American, the Australian, and the Asian sessions. Alternatively, these sessions are called as the London, New York, Sydney, and Tokyo sessions. As it was mentioned before, there are two time zones (Winter and Summer Zones).

 

(a) WINTER ZONE (OCTOBER-APRIL)

EST (US) WINTER TIME ZONE

Typical EST/EDT Forex Winter Trading Hours:

  • London Session: from 3:00 am to 12:00 pm EST
  • New York session from 8:00 am to 17:00 pm EST
  • Tokyo session from 18:00 pm to 3:00 am EST
  • Sydney session from 16:00 pm to 1:00 am EST

GMT (UK) WINTER TIME ZONE

Typical GMT Forex Winter Trading Hours:

  • London session from 08:00 am to 17:00 pm GMT
  • New York session from 13:00 pm to 22:00 pm GMT
  • Tokyo session from 23:00 pm to 08:00 am GMT
  • Sydney session from 21:00 pm to 06:00 am GMT

The Forex market is open 24/5

An automated Forex trading system is a combination of hardware and software consisting a Computer, a Trade Platform and a Programming Code (Expert Advisor) that plugs-in the platform

 

AUTOMATED FOREX SYSTEMS -COMPARISON TABLE

What is an Automated Forex Trading System?

An automated Forex trading system is a combination of hardware and software consisting a Computer, a Trade Platform and a Programming Code (Expert Advisor) that plugs-in the platform. Such systems are designed to open and close long/short positions in the currency market without any human interference. All executed trades are based exclusively on the combination of a trading strategy and a money management system (MM), implemented as software code by the computer system.

Comparison of some of the most popular Forex Automated Systems in the World:

AUTO-TRADING SYSTEM

SYSTEM TYPE

 TRADE PLATFORMS

TRADE FEATURES

PRICE AND WEBSITE

EA BUILDER SYSTEM CREATOR

EA Builder WebSite

RATING: 10/10

□ CREATE CUSTOM EAs

□ EAs FOR TRADING FOREX, EQUITIES, COMMODITIES

□ FREE FOR INDICATORS / PAID FOR EAs

■ MetaTrader4

■ MetaTrader5

■ TradeStation

 

□ Build custom Expert Advisors (Paid)

□ Build custom Indicators (Free)

□ No Need for Programming Skills

□ Wide Range of built-in functions

□ Create Alerts via Audio, Screen, and eMail

■ Free for Indicators

■ 97.00 USD for EAs

■ Free Lifetime Access

 

» Visit the EA Builder

» More about the system on ForexRobots.net

WALLSTREET EXPERT ADVISOR

WallStreet Forex Robot

RATING: 7/10

 

□ SCALPING FOREX

□ 4/5 DIGIT AUTOMATIC TRADING

□ by a team of pro traders and programmers

■ MetaTrader4

■ MetaTrader5

Scalping Currencies: EUR/USD, GBP/USD, USD/CAD, USD/JPY, USD/CHF, AUD/USD, NZD/USD

□ Scalping the M15 Chart

□ Risk Protection Mechanism

□ Focus on Spreads and Slippage Control

□ Can be used in 3 Real Accounts and unlimited Demo Accounts

■ 299.0 USD

■ Omega Indicator Free

 

» Visit the WallStreet Forex

FOREX DIAMOND EXPERT ADVISOR

Forex Megadroid Web

RATING: 7/10

□ SCALPING FOREX

□ 4/5 DIGIT AUTOMATIC TRADING

by a team of coders

■ MetaTrader4

Scalping Currencies: GBP/USD, EUR/USD, USD/CHF, USD/JPY

□ Focusing on the M15 Chart

□ High Spread & Slippage Protection

□ Incorporates 3 algorithms (Trend / Retrace, Countertrend, and Scalping Algorithm)

□ Dynamic Take Profit and Trailing Stop-Loss Orders

□ Can be used in 1 Real Account and unlimited Demo Accounts

■ 279.0 USD

■ Free Future Updates

 

» Visit the Forex Diamond

FAP TURBO 2 EXPERT ADVISOR

FAP Turbo 2 Web

RATING: 5/10

□ SCALPING FOREX

□ LONG-RUN TRADING

□ by Steve Carletti

■ MetaTrader4

Scalping Currencies: EUR/GBP and EUR/CHF

□ Scalping the M15 Chart

□ Forex Brokers Stealth Mode

□ On average 1-5 Trades per day

□ Targeting Profits 6-10 pips

■ 149.0 USD

■ Free Lifetime Updates

 

» Visit the FAP Turbo

GPS 2 EXPERT ADVISOR

GPS Forex Web

RATING: 3/10

□ SCALPING FOREX

by Mark Larsen

■ MetaTrader4

■ MetaTrader5

Scalping Currencies: Mainly EUR/USD, EUR/GBP, USD/CHF, GBP/USD

□ Focusing on Scalping the Asian Session

□ Trailing Take-Profit and Reverse Strategy

□ Targeting Profits 15-25 pips

□ Note that stop-loss orders by this robot are placed wide

■ 149.0 USD

 

» Visit the Forex GPS Robot

FOREX MEGADROID EXPERT ADVISOR

Forex Megadroid Web

RATING: 3/10

 

□ SCALPING EURUSD

by John Grace and Albert Perrie

■ MetaTrader4

■ ZuluTrade

Scalping Currencies: EUR/USD

□ Forex Brokers Stealth Mode

□ RCTPA Mechanism to trade any Market Conditions

□ Adjusting Parameters to adapt Volatile Market Conditions

□ Focusing on Smooth Results

■ 82.4 USD

 

» Visit the Forex Megadroid

NOTE: Our Rating consist:

(1) The efficiency of the automated trading system as a whole

(2) The ability of the system to adapt to new market conditions

(3) The price charged in order to own the system

(4) The re-fund rate of past customers who have bought the system and then asked for their money back (Data from Clickbank)

MORE ON CARRYTRADER

■ COMPARE PROVIDERS

Forex Brokers for Day Traders

Brokers for Carry Traders

Automated Forex Systems

Rebate Plans      
■ CURRENCY PAIRS EURUSD GBPUSD USDJPY EURGBP AUDUSD NZDUSD USDCAD
■ GLOBAL MARKETS » Gold

» Crude Oil

» Natural Gas

» Stock Market

» Soft Commodities

 

 

■ LEARNING RESOURCES » Currency indices » CBOE Indices

» Famous Investors

» Forex Fundamentals

» Foreign Exchange Reserves

» Carry Trade Information

 

 

□ Compare Forex Automated Systems

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Subcategories

Foreign Exchange

The Foreign Exchange Market is the largest Financial Market in the world with daily volumes of more than 4 trillion USD. When trading Forex you need a reliable and high-regulated Forex broker and a trading strategy that works:

(i) Introduction to Forex Trading

(ii) Forex Brokers for Traders

(iii) Major Currency Pairs

(iv) Automated Forex Systems

Global Markets

Trading the Financial Markets requires a perfect understanding of how demand and supply shift from time to time. Equities tend to follow bullish cycles lasting 7-9 years, and after, bearish cycles lasting 3-4 years. Energies tend to follow annual time patterns while Precious Metals tend to follow longer time cycles:

(i) Gold Trading

(ii) Crude Oil Trading

(iii) Rebate Plans

Learning

If you are a trader, learning is a non-stop process. CarryTrader offers a wide variety of educational resources including trade tools, techniques, and strategies:

(i) Currency Indices

(ii) Famous Investors

(iii) Technical Analysis

(iv) Brokers for Carry Traders

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