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Oanda users - Oanda widening spreads

  • #61
  • Nov 8, 2017 6:11pm Nov 8, 2017 6:11pm
Quoting DrForexMD
I do not understand how my two TPs of 6 pips each were both by-passed. The candle past my Targets by 14 Pips. Can anyone help me with this? Is this secondary to a "widening spread" with the News? See chart below: {image}
From what I understand on Meta4 price is an "average" and doesn't accurately reflect the true price especially during big spikes, low liquidity, etc.

To see where price actually was at that time you need to view the desktop version. It shows price only went as low as 8805 ish

See here:
Attached Image (click to enlarge)
Click to Enlarge Name: ncad.png Size: 55 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #62
  • Jul 7, 2018 12:45pm Jul 7, 2018 12:45pm
What the point of having the ridiculously wide spreads for the weekend when you can't trade anymore like the good old days? e.g. at Friday's close, cable was at 9 pips. After the "maintenance", it widened to 20 pips. Anyone knows if orders can be triggered by these untradeable quotes?
  • #63
  • Last Post: Jan 8, 2019 3:56am Jan 8, 2019 3:56am
Quoting shellback
What the point of having the ridiculously wide spreads for the weekend when you can't trade anymore like the good old days? e.g. at Friday's close, cable was at 9 pips. After the "maintenance", it widened to 20 pips. Anyone knows if orders can be triggered by these untradeable quotes?
You bet they can be triggered, and the widening happens every day just before the asian session starts too!!
EURUSD spikes every day up to 10 pips for a while, then stays quite expensive during the asian session.AUDCAD goes to 20 pips, just look at their spread history site, and you can clearly see the daylyspike at session change.
So in reality, if you are trading beyond session changes, your actual spread for EURUSD is 10 pips, and for AUDCAD 20 pips.

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