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OANDA Discussion

  • #5,081
  • Aug 2, 2017 2:24pm Aug 2, 2017 2:24pm
Quoting Jenx
{quote} Cant believe in 2017,I have to print off a very amateur form, sign and date it, then take a photo with my phone and send it back. I'm astounded. Reckon this is going to take a while!!!
Maybe they just want to make sure everything is in order before sending the funds. Sounds like a reasonable request.
  • #5,082
  • Aug 2, 2017 2:47pm Aug 2, 2017 2:47pm
Quoting zznbrm
{quote} Maybe they just want to make sure everything is in order before sending the funds. Sounds like a reasonable request.
So why has there never been a problem in the past? Only now when I am withdrawing my total balance.
Where price is now, it has been before, and will be again.
  • #5,083
  • Aug 2, 2017 7:38pm Aug 2, 2017 7:38pm
Quoting Jenx
{quote} So why has there never been a problem in the past? Only now when I am withdrawing my total balance.
I have one question: Being from France, why on Earth would you be trading with this bucketshop. US residents don't have much of a choice, but you have many far superior options as a French citizen.
  • #5,084
  • Aug 3, 2017 3:27pm Aug 3, 2017 3:27pm
Just to say I received my withdrawal.
I have always trusted Oanda.
But in the end they became way too expensive.
I have opened an account with IC markets, and for now I am impressed. Ultra low spreads (e.g EU zero, eur/aud less than a pip).
There is a small commission, but they are a breath of fresh air after Oandas "dynamic" spreads.
However I have to say that apart from the final bit of hassle, they have to my mind, always been the best of he lot.
But now there are better value options .
Most of the reasons I stayed with them originally have now disappeared ( low fixed spreads, negative balance protection etc) so now no reason not to move.
Where price is now, it has been before, and will be again.
  • #5,085
  • Aug 3, 2017 7:47pm Aug 3, 2017 7:47pm
Quoting Jenx
But in the end they became way too expensive.
Most of the reasons I stayed with them originally have now disappeared ( low fixed spreads, negative balance protection etc)
You think Oanda is expensive? Try TDA! They're killing me. But I learned to trade on ThinkorSwim and I'm having a hard time giving it up. I'm watching MT4 vids to try and learn to use it. So no more fixed spreads with Oanda?
  • #5,086
  • Aug 23, 2017 10:06am Aug 23, 2017 10:06am
Quoting styles20001
{quote} You think Oanda is expensive? Try TDA! They're killing me. But I learned to trade on ThinkorSwim and I'm having a hard time giving it up. I'm watching MT4 vids to try and learn to use it. So no more fixed spreads with Oanda?
yea agree with you... TDA is soooo addicting!
MT4 is quite user friendly too
Fixed spread? no, they are never fixed but fluctuate within a range unless it's the big news announcement time
  • #5,087
  • Aug 25, 2017 4:54pm Aug 25, 2017 4:54pm
I personally think MT4 is really good. Here's a hint: don't use the OnTick function. It's possible to gather quotes of many currency pairs far more frequently than waiting for each tick on one pair (the pair of the chart the EA is attached to).
Open to new approaches.
  • #5,088
  • Aug 25, 2017 11:16pm Aug 25, 2017 11:16pm
Oanda's fxTrade in iPad/iPhone is the best I ever used. LOVE IT.
newzTrader
  • #5,089
  • Sep 14, 2017 10:07am Sep 14, 2017 10:07am
Problem... Had AUD/NZD trade stopped out this morning. SL was set to 1.10931. Journal shows I was stopped out at 1.10953. So far, according to my chart (MT4 acct.) high for the day as I write this 1.10850. The high for the H1 candle during which trade was stopped out reads 1.10704. Currently on hold with Oanda for more than 21 minutes waiting for customer service.
Vincit qui se vincit.
  • #5,090
  • Sep 14, 2017 10:17am Sep 14, 2017 10:17am
So, after waiting for 30 minutes for customer service to answer, I gave up. Why trade with Oanda?
Vincit qui se vincit.
  • #5,091
  • Sep 14, 2017 10:19am Sep 14, 2017 10:19am
Quoting Pippopotamus
Problem... Had AUD/NZD trade stopped out this morning. SL was set to 1.10931. Journal shows I was stopped out at 1.10953. So far, according to my chart (MT4 acct.) high for the day as I write this 1.10850. The high for the H1 candle during which trade was stopped out reads 1.10704. Currently on hold with Oanda for more than 21 minutes waiting for customer service.
Oanda spread spikes make trading difficult: make sure you click maximum (not average) https://www.oanda.com/forex-trading/...rument=AUD/NZD
  • #5,092
  • Sep 14, 2017 11:07am Sep 14, 2017 11:07am
If you want to get to speak to someone quickly when you call a broker, just hit number associated with opening a new account. I did this at Oanda, and within a few minutes someone answered. Opening new accounts to these brokers is far more important than servicing existing customers. ...The gobbledlygook is that the SLs/Tps are based on FxTrade prices even when you are trading on MT4 platform. This is what I was told by customer service. MT4 indicates I was stopped out at today at 02:00. High for candle 1.10704. ... High for same candle on FxTrade platform 1.10890, just about 19 pips difference. So, I am stopped out... What a minefield!!!!!!!!!!!!!!!!
Vincit qui se vincit.
  • #5,093
  • Sep 14, 2017 11:07am Sep 14, 2017 11:07am
Quoting nonlinear
{quote} Oanda spread spikes make trading difficult: make sure you click maximum (not average) https://www.oanda.com/forex-trading/...rument=AUD/NZD
Thanks....
Vincit qui se vincit.
  • #5,094
  • Sep 14, 2017 6:11pm Sep 14, 2017 6:11pm
Hi Newbie here.

I was happened to be watching CHFJPY through the Ny close Sydney open.

And there's a sudden 60 pip wide spike at 17:01 on this pair.

But the North Korea news hasn't come out at the time tho...

Only Oanda has the first spike.

Any reason...? :O
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  • #5,095
  • Sep 14, 2017 7:08pm Sep 14, 2017 7:08pm
Quoting Quiznos
Hi Newbie here. I was happened to be watching CHFJPY through the Ny close Sydney open. And there's a sudden 60 pip wide spike at 17:01 on this pair. But the North Korea news hasn't come out at the time tho... Only Oanda has the first spike. Any reason...? :O {image} {image} {image}
I have the same spike on all of my brokers including Oanda. Time matches up with the NK event.
Pride always comes before destruction.... -Proverbs 16:18
  • #5,096
  • Sep 14, 2017 8:38pm Sep 14, 2017 8:38pm
Quoting Expo33
{quote} I have the same spike on all of my brokers including Oanda. Time matches up with the NK event.
Yes, the 6:01 pm one all matches up with the NK event, but does the one at 5:01 pm? Timezone is EDT = UTC-4

And sorry, the timezone on the screenshots was messed up, I should be more clear, re-upload them here:

https://i.imgur.com/XHN526G.jpg
https://i.imgur.com/aU4RqGd.jpg
https://i.imgur.com/LOjnl22.jpg
https://i.imgur.com/sfoybmq.jpg
https://i.imgur.com/QwmNOCV.jpg
  • #5,097
  • Sep 14, 2017 10:33pm Sep 14, 2017 10:33pm
Quoting Quiznos
{quote} Yes, the 6:01 pm one all matches up with the NK event, but does the one at 5:01 pm? Timezone is EDT = UTC-4 And sorry, the timezone on the screenshots was messed up, I should be more clear, re-upload them here: https://i.imgur.com/XHN526G.jpg https://i.imgur.com/aU4RqGd.jpg https://i.imgur.com/LOjnl22.jpg https://i.imgur.com/sfoybmq.jpg https://i.imgur.com/QwmNOCV.jpg
I don't see the earlier spike on other platforms.

However, not that unusual to see erratic spikes with Oanda at that time of the day. I'm also on the west coast of the US. Between 2pm-230pm (sometimes until 3pm) spreads on the less popular pairs widens substantially.

That's the super low liquidity time of day and spreads can widen to 20 pips or more.
Pride always comes before destruction.... -Proverbs 16:18
  • #5,098
  • Sep 15, 2017 2:11am Sep 15, 2017 2:11am
Advanced Charting does not work today. Tried it on 3 different PC's...
  • #5,099
  • Sep 15, 2017 9:54am Sep 15, 2017 9:54am
Quoting Expo33
{quote} I don't see the earlier spike on other platforms. However, not that unusual to see erratic spikes with Oanda at that time of the day. I'm also on the west coast of the US. Between 2pm-230pm (sometimes until 3pm) spreads on the less popular pairs widens substantially. That's the super low liquidity time of day and spreads can widen to 20 pips or more.
Yea, probably both the liquidity and the broker, thanks man.
will check again next week and on other cross pairs
  • #5,100
  • Sep 22, 2017 5:34pm Sep 22, 2017 5:34pm
Here is something that is bothering me. Is this just a really high spread or is something wrong? This is an OANDA Live account.
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