FXCM Forex Trading

Question of TIMING?

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Question of TIMING?

Postby Bebbspoke » Sun May 10, 2015 9:46 am

Hi Folks; - The majority of indicators use candle CLOSE prices within their respective formulae; -
but at what point in time is the CLOSE value genuinely valid? -
I do not believe that the price is necessarily "set in stone" immediately the next candle is OPEN.

This being the case; does Order2Go or other API actually flag when the close price is valid? - or at what time after a new candle has opened can one be certain the Close price is confirmed? and is this dependent on the candle time frame?

I would appreciate an assured confirmation of the above questions as robotic trading is 100% reliant on indicator values, I intend to generate my indicator values locally (in house) and I wish to remove or minimize any possible discrepancies.

Thank you,
Bebbspoke
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Bebbspoke
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Re: Question of TIMING?

Postby Georgiy » Thu May 28, 2015 6:21 am

Hello Bebbspoke,

Close price for the "current" (last) candle is a current market price.
It is not fixed, it is constantly changing.
At the moment when the new candle is opened (a new minute/day/etc. is started) the Close price gets fixed in the previous candle.

Thank you.
Georgiy
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