Standard time: GMT+2, Daylight Saving Time: GMT+3
Principle: We are using 17:00 local time in New York as the system time of 24:00, which is also the recognized start of the day in the Forex market. There are 7 hours time gap. The time zone in New York is GMT-5 of Daylight Saving Time, for system time will be GMT+2 after calculating with the +7 hours time gap. The time zone in New York is GMT-4 of Standard time, for system time will be GMT+3 after calculating with the +7 hours time gap.