{"id":5696,"date":"2020-01-29T15:00:00","date_gmt":"2020-01-29T14:00:00","guid":{"rendered":"https:\/\/www.investsoft.eu\/shop\/?p=5696"},"modified":"2022-01-26T15:48:53","modified_gmt":"2022-01-26T14:48:53","slug":"how-to-properly-set-up-tpa-sessions","status":"publish","type":"post","link":"https:\/\/investsoft.eu\/shop\/2020\/01\/29\/how-to-properly-set-up-tpa-sessions\/","title":{"rendered":"How to properly set up TPA sessions"},"content":{"rendered":"

[et_pb_section fb_built=”1″ theme_builder_area=”post_content” _builder_version=”4.14.6″ _module_preset=”default”][et_pb_row _builder_version=”4.14.6″ _module_preset=”default” theme_builder_area=”post_content” width=”100%” max_width=”100%” hover_enabled=”0″ sticky_enabled=”0″][et_pb_column _builder_version=”4.14.6″ _module_preset=”default” type=”4_4″ theme_builder_area=”post_content”][et_pb_text _builder_version=”4.14.6″ _module_preset=”default” theme_builder_area=”post_content” hover_enabled=”0″ sticky_enabled=”0″]<\/p>\n

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TPA Sessions Indicator ver. 2.0 for MT4\/MT5<\/figcaption> 
\n<\/figure>\n

Session opening levels are frequently points, where market makers let price return, to draw in the opposite participants, into the direction of their goal.<\/p>\n

This is one of the methods, market makers use, to give a \u201cdiscount\u201d to reach the price levels they want.<\/p>\n

TPA Sessions indicator is important complement of TPA indicator to make trading more effective and also can be used for exit strategy.<\/p>\n

It needs to be well-tuned to get benefits of using TPA sessions indicator. Due to different time zones and\u00a0<\/span>Daylight saving time<\/a>\u00a0<\/span>(DST) in some countries (regulated by individual countries) it is not possible to auto-adjust indicator in each case, so before using the indicator it is necessary to check if we have correctly set times.<\/p>\n

To verify our session opening time settings, we will use one of the most popular portal for forex traders the forexfactory site. You don\u2019t need to have an account there to compare session times. How to do it? Here is the step-by-step instruction:<\/p>\n

1. Set \u201cShow Times Board\u201d = TRUE in indicator\u2019s settings window to display panel with GMT and broker session times.<\/p>\n

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TPA Sessions indicator settings window<\/figcaption><\/figure>\n<\/div>\n

 
\n2. Click on the clock in the upper right corner of forexfactory main page. Set your\u00a0<\/span>broker\u2019s timezone<\/strong>\u00a0<\/span>and\u00a0<\/span>Time Format: 24h<\/strong>\u00a0<\/span>and click \u201cSave Settings<\/strong>\u201c.<\/p>\n

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forexfactory timezone settings<\/figcaption> 
\n<\/figure>\n

3. Go to the calendar and check if there is the same time as in your metatrader terminal.<\/p>\n

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compare times in metatrader terminal with forexfactory<\/figcaption> 
\n<\/figure>\n

4. If times are the same, you can go to the Market tab in forexfactory.<\/p>\n

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forexfactory market tab<\/figcaption> 
\n<\/figure>\n

5. At the bottom of this page you will find sessions block where you can read start times of individual sessions. Compare it with times in TPA sessions board.<\/p>\n

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comparing session open times<\/figcaption> 
\n<\/figure>\n

If times are different you can adjust them by increasing or decreasing Start Time (GMT) parameters.<\/p>\n

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setting the appropriate session opening time<\/figcaption> 
\n<\/figure>\n

If times are the same, now you are ready to trade with using TPA Sessions indicator.
\n <\/p>\n

Other indicator configuration options<\/strong><\/h2>\n

In the TPA sessions indicator ver. 2.0 each session line can be marked by a flag or session name by selecting the appropriate option in the\u00a0<\/span>\u201cLine Marker\u201d<\/em>\u00a0<\/span>parameter:<\/p>\n