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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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EURUSD

I use MB Trading as well, so far I've been very happy with them although their MBT Navigator has a bit of a learning curve It does a lot of stuff though.

One cool thing is the market depth window where you can see orders as they are going through (level II I believe).

Mike
Quoting TheFisherman
Couldn't tell you from personal experience. I use MB Trading but I doubt they are a good ECN. They behave like one though. The thing is when you sign they specify they take the other side of your trade and then reroute it immediately to banks or whatever and so you are not playing against them. I think since they went the trouble to put this in the papers you sign they really do it. Another thing is that unlike a bucket shop a market order will not be filled at the quoted price. They will fill it at a average price if it's big enough. That's good...
So they fill everyone at an average position, recoup a commission from those positions, and play against you..... wow.
Quoting X.Oden
What's a good ECN?
Most are STP's these days.
I continue to wonder about this myself. The closest thing to a fair dealer I have seen is The CollectiveFX, and I don't know that for sure, and they are closed to new members anyway.

http://www.thecollectivefx.com/

I have not had a "problem" with Oanda - but they have the typical language about dealing against you in their customer agreement - and I don't know if I would be able to tell if they were doing subtle things like shaving off of my entries/exits, etc. You would think that if you had a large account with one of the banks that had FX brokers in house (DB, Citi, etc) that you would get lower spreads and fairer treatment, but those guys have some of the worst reputations of the whole bunch.

Check out user reviews of virtually all fx dealer/brokers at Forexpeacearmy:

http://www.forexpeacearmy.com/
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting Byrd
So they fill everyone at an average position, recoup a commission from those positions, and play against you..... wow.
Nope! They fill at an average position, they have variable spread (0.6 to 1.2 usually) and they charge you commision equivalent to 1.5 pips per round trade (open-close). Pretty costly. They fill limit and stop orders properly though because they say they reroute them to the market.

[EDIT] And they don't play against me. I hope at least.
Quoting The Fool
I continue to wonder about this myself. The closest thing to a fair dealer I have seen is The CollectiveFX, and I don't know that for sure, and they are closed to new members anyway.

http://www.thecollectivefx.com/

I have not had a "problem" with Oanda - but they have the typical language about dealing against you in their customer agreement - and I don't know if I would be able to tell if they were doing subtle things like shaving off of my entries/exits, etc. You would think that if you had a large account with one of the...
I've heard about Oanda that if you're starting to make profit they are kicking you out. They gonna pay you the money though. Many won't even do that. That's why I don't trust brokers that are not under proper regulation. You can't fight with a broker that is under an obscure authority regulation.
CollectiveFX was nothing more than a white glove IB with free signals provided by anyone and anyone who paid to get on the list to provide it....

DBFX has strict rules, but they use FXCM's back office for their trading platform and clear through their own facilities...

Problem with FXCM is, anything over 20 lots, good luck trying to liquidate quickly...they are using Boston Technologie's STP Bridge which everyone knows is shit.....more than half of the brokers who are MT4 use Boston Tech's STP bridge.....totally old and useless technology.

Citi.....I hate that company in general, except for the 40% annual growth rate I experienced investing through citigroup (travelers then) with my 401K for 9 years while I was putting myself through college, I hate anything CITI now. After they screwed me on my credit cards a few years back, I won't have anything to do with those crooks. In fact, most banks are crooks I've found out. Cross them once and they have you in lockdown forever unless you can earn a greater percentage than they can....and the only way I know how is FX...

Oanda is a cool broker in my opinion. I don't trade through them because of their NFA regulations now and their 1:50 leverage.....I like trading 1:100...

Oanda does 2 things well though..their spreads are excellent for a retail broker and their execution is second to none...I like these guys....also on lot sizes with 100 lots or greater, they have no problems clearing it instantly unlike FXCM...

Oanda uses their own internal resources....everything's done in house...


Quoting The Fool
I continue to wonder about this myself. The closest thing to a fair dealer I have seen is The CollectiveFX, and I don't know that for sure, and they are closed to new members anyway.

http://www.thecollectivefx.com/

I have not had a "problem" with Oanda - but they have the typical language about dealing against you in their customer agreement - and I don't know if I would be able to tell if they were doing subtle things like shaving off of my entries/exits, etc. You would think that if you had a large account with one of the banks...
In Charts We Trust!
at last someone with commonsense, put that Price at .4774
Quoting TheFisherman
I've heard about Oanda that if you're starting to make profit they are kicking you out. They gonna pay you the money though. Many won't even do that. That's why I don't trust brokers that are not under proper regulation. You can't fight with a broker that is under an obscure authority regulation.
"Regulation" is pretty much a euphemism in the forex market, in the US anyway, its OTC and unregulated.

I have seen this rumor about Oanda (and dealer/brokers, in general) here on FF several times: if you are consistently profitable and trade larger and larger
then they will do one or more of several things to get rid of you:

- they will introduce glitches in your platform to induce you to get fed up and leave
- they will accuse you of taking advantage of their platform in some way & terminate your account
- they will simply terminate your account

So, if this is true, I have wondered, why doesn't some victim show up here saying, "Yeah, I was making beaucoup bucks and they just started f**king with my trades and I couldn't win any more (or) they just inexplicably terminated my acount..."? Maybe they get paid off or coerced into not talking? I dunno...
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
I continue to wonder about this myself. The
closest thing to a fair dealer I have seen is The CollectiveFX, and I don't know that for sure, and they are closed to new members anyway.

http://www.thecollectivefx.com/

I have not had a "problem" with Oanda - but they have the typical language about dealing against you in their customer agreement - and I don't know if I would be able to tell if they were doing subtle things like shaving off of my entries/exits, etc. You would think that if you had a large account with one of the...
thats who my broker is and i can say enough about them they are by far the best brokers. Never had a single issue with them super tight spreads.
Quoting unBEARable
thats who my broker is and i can say enough about them they are by far the best brokers. Never had a single issue with them super tight spreads.
Which one, Bear - the CollectiveFX or Oanda?
"If The Fool persists in his Folly he will become wise." - William Blake
imo we are in process for a large Gap open in US markets tomorrow - long US futures. Maybe it is a short term top, idk.
----- Dragonfly out in the sun you know what I mean, don't you know
Quoting The Fool
So, if this is true, I have wondered, why doesn't some victim show up here saying, "Yeah, I was making beaucoup bucks and they just started f**king with my trades and I couldn't win any more (or) they just inexplicably terminated my acount..."? Maybe they get paid off or coerced into not talking? I dunno...
Maybe none here is really profitable . I know I'm not. Yet, I hope.
Quoting TheFisherman
Maybe none here is really profitable . I know I'm not. Yet, I hope.
Well if anyone will make it you will, dog.

But we have folks here who claim to be trading for a living & making regular profits long-term who use Oanda so, hmm, what's up with that - why have they not been kicked out?

On the other hand, the dealer/broker business model has to be predicated on a majority of traders losing. Maybe its just that that is what happens anyway...?
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
Which one, Bear - the CollectiveFX or Oanda?
collective fx.
A good trader should be able to withstand any bucket shop tactics unless they actually can his account completely or just freeze you out of a ridiculously large position during say news or some silly crap like that.



Quoting The Fool
Well if anyone will make it you will, dog.

But we have folks here who claim to be trading for a living & making regular profits long-term who use Oanda so, hmm, what's up with that - why have they not been kicked out?

On the other hand, the dealer/broker business model has to be predicated on a majority of traders losing. Maybe its just that that is what happens anyway...?
In Charts We Trust!
Quoting X.Oden
A good trader should be able to withstand any bucket shop tactics unless they actually can his account completely or just freeze you out of a ridiculously large position during say news or some silly crap like that.
I think that is quite true. At a certain point, if your mm game is tight, they can't really hurt you too bad and would instead just dump you. They could piss off a scalper pretty easily, though, if they wanted to.
"If The Fool persists in his Folly he will become wise." - William Blake
Quoting The Fool
Well if anyone will make it you will, dog.

But we have folks here who claim to be trading for a living & making regular profits long-term who use Oanda so, hmm, what's up with that - why have they not been kicked out?

On the other hand, the dealer/broker business model has to be predicated on a majority of traders losing. Maybe its just that that is what happens anyway...?
I know for a fact that 95% of the traders lose all their money. From a broker itself. I guess that for a pro trader it would be easy to split the pot and so pass unseen or make a direct deal with the broker. Maybe "for a living" is just 2-3 K$ a month. I don't really know. There's so much secrecy around this subject one starts to wonder. Recently I got involved in the technical part of the trading. And I reached the conclusion that the only was to cash is by technical edge. See G&S & Co.

I was talking to a good friend about brokers and he told me that even in private meeting they will tell you they hedge all the positions and you are not playing against them. How can they hedge a buy order when nobody is selling in the market???

Thanks for your thoughts man. I think anybody can succeed. It's also 100 times more work than I thought it would be when I started. Only thing keeping me working is % instead of fixed amounts if you understand me.

Funny thing, X was talking about CITI and on my left there's a commercial with "Trade Forex with CITI" and in the right lower corner: "citi never sleeps". LOOOL it's like a disclaimer or something: nobody can sleep if he does what we do
We're getting close to the moment of the truth here with E/U. For the moment I stick with long view. Even the last day looks rather a bull flag than a reversal. As I see it if we go down now it's a new ball game although I can't see any change in fundamentals that would encourage this idea. I'd rather go for 4710 in the next 5 hours maybe sooner. It's an opinion not a trade.
Quoting TheFisherman
We're getting close to the moment of the truth here with E/U. For the moment I stick with long view. Even the last day looks rather a bull flag than a reversal. As I see it if we go down now it's a new ball game although I can't see any change in fundamentals that would encourage this idea. I'd rather go for 4710 in the next 5 hours maybe sooner. It's an opinion not a trade.
I would have the same opinion about this pair
Quoting unBEARable
thats who my broker is and i can say enough about them they are by far the best brokers. Never had a single issue with them super tight spreads.
hows the ga working for u?.... its comming gbp is going down,, aud is going up.. the best combo...it came up enough to let me load a few more on it..
those who can, do. those who cant, talk about those who can
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