Oanda finally did that 'thing' | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Oanda users - Oanda widening spreads 62 replies

Is This Kind of Thing Typical at Oanda? 10 replies

Did you know this about Oanda? 15 replies

Did Oanda Die??? 8 replies

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

Oanda finally did that 'thing'

  • #1
  • First Post: Nov 5, 2006 3:53pm Nov 5, 2006 3:53pm
On October 31st I opened a short on USD/JPY at 116.97 with s/l 117.65

On November 1st I moved my s/l to 117.48

On November 2nd I moved my s/l to 117.44

And on Novermber 3rd, I was finally stopped out due to nonfarm payroll news. But guess what traders, I was stopped out at 117.65!

I noticed the mistake and called them just now and explained to them the mistake. The guy was explaining to me it's called the slippage usually around news time. And price to act crazy. I was like, 'look, I know all about slippage, and I know that it usually occurs AROUND news time. And I'm not that kind of trader that takes advantage of news either' I told him I moved my stop loss a DAY BEFORE the news came out. So is he saying that even then, I'm affected by slippage!?!?

I was just lost for words. I cannot believe that this kind of slippage occurs with Oanda. But the guy did 'apologize' and told me he would get the technical team to look into it. I was like fine, bye, thanks anyway.

So folks, I learn every broker has their good and bad. And slippage is part of life. I just didn't think it would affect me this way though..

But oh well, I have 3 strikes you're out rule. IF this thing happens two more times again with Oanda, I have to find another broker!

If anyone trading with brokers that HONOR stop losses very well, please let me know so I can keep it in mind for future references...Thanks!
  • #2
  • Nov 5, 2006 5:29pm Nov 5, 2006 5:29pm
slippage is part of forex wait till you get big enough to start trading on currenex and see what happens. sometime its good sometimes it bad.
If I Go Broke Trying Then I Will die happy.
  • #3
  • Nov 5, 2006 5:41pm Nov 5, 2006 5:41pm
Quoting PipRipper
...NEVER USE A MARKET ORDER...NEVER.
Quoting PipRipper
Just remember, look at the daily chart, green = buy = long, red = sell = short. It really is that simple to rip pips.
Did TRO get a new username or did I miss something here?
  • #4
  • Nov 5, 2006 5:49pm Nov 5, 2006 5:49pm
Quoting PipRipper
...Sounds like you have a 'thing' for him...lol
LOL, not at all. He was very amusing for awhile. I enjoyed his brief visit to the Factory. You just remind me of him.
  • #5
  • Nov 5, 2006 5:56pm Nov 5, 2006 5:56pm
Join Date: 10-29-06

ill give u that ur a posting machine tho lol
  • #6
  • Last Post: Nov 6, 2006 6:03pm Nov 6, 2006 6:03pm
I don't understand why you think you would be immune to slippage by putting in your stop a day before NFP. Do you think an illiquid market somehow doesn't apply to your market order because of this?

It seems as though there's some misconception about this. Orders matter when they're executed, not when you put them in.


Quoting hilmy83
On October 31st I opened a short on USD/JPY at 116.97 with s/l 117.65

On November 1st I moved my s/l to 117.48

On November 2nd I moved my s/l to 117.44

And on Novermber 3rd, I was finally stopped out due to nonfarm payroll news. But guess what traders, I was stopped out at 117.65!

I noticed the mistake and called them just now and explained to them the mistake. The guy was explaining to me it's called the slippage usually around news time. And price to act crazy. I was like, 'look, I know all about slippage, and I know that it usually occurs AROUND news time. And I'm not that kind of trader that takes advantage of news either' I told him I moved my stop loss a DAY BEFORE the news came out. So is he saying that even then, I'm affected by slippage!?!?
0 traders viewing now