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Monitoring Global Trading Sessions and Their Overlaps

Article MQL5 code base
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Summary

The document describes a chart indicator for tracking the status and timing of the Sydney, Tokyo, London, and New York trading sessions. A dashboard shows which sessions are active, the time remaining until openings or closings, and periods when sessions overlap. This can help traders orient intraday decisions around changing market hours.

Session hours and the UTC offset can be adjusted, and users can enable popup, sound, or push alerts for session openings and closings. The tool is informational: it does not place or manage trades. The description offers no trading rules, market data analysis, or evidence that session timing improves results, so traders would need to assess its usefulness for their own instruments and schedules.

Key ideas

  • The indicator displays the status of Sydney, Tokyo, London, and New York sessions.
  • It shows time remaining until sessions open or close and highlights active sessions and overlaps.
  • Session schedules and UTC offset can be customized, with optional opening and closing alerts.
  • The tool provides timing information only and does not execute or manage trades.
  • No evidence is provided that session monitoring improves trading performance.

Tags

ForexExecution

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.