Oanda Slippage | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Brokers and slippage... 10 replies

Oanda users - Oanda widening spreads 62 replies

OANDA Canada vs OANDA Corp. 4 replies

FXCM and "no-slippage" 55 replies

Quick Question about Slippage 5 replies

Oanda Slippage

  • #1
  • First Post: Nov 16, 2006 4:04am Nov 16, 2006 4:04am
I dont trade with Oanda as my main broker but I still have a small account with them. Today at the GBP Retail Sales announcement, I put in a small order before the news to buy cable at 8868 and was filled at 8898 right at the top of the spike, that is 30 pips slippage.

Yes, 30 pips slippage, mind you.

I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.
  • #2
  • Nov 16, 2006 3:42pm Nov 16, 2006 3:42pm
It's more so a lesson to be learned from trading the news.

Just a general question here. Has anyone ever consistently put in orders before the news and gotten filled 100% of the time without slippage?

IN my opinion this is more like gambling, without having any understanding of how a market works.

Quoting PipStar
I dont trade with Oanda as my main broker but I still have a small account with them. Today at the GBP Retail Sales announcement, I put in a small order before the news to buy cable at 8868 and was filled at 8898 right at the top of the spike, that is 30 pips slippage.

Yes, 30 pips slippage, mind you.

I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.
  • #3
  • Nov 16, 2006 4:01pm Nov 16, 2006 4:01pm
Quoting PipStar
I dont trade with Oanda as my main broker but I still have a small account with them. Today at the GBP Retail Sales announcement, I put in a small order before the news to buy cable at 8868 and was filled at 8898 right at the top of the spike, that is 30 pips slippage.

Yes, 30 pips slippage, mind you.

I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.
don't trade news man.....
  • #4
  • Nov 16, 2006 4:44pm Nov 16, 2006 4:44pm
Doesn't oanda have an upper and lower limit that allows you to prevent severe slippage? I use that often when I trade the news.

Quoting PipStar
I dont trade with Oanda as my main broker but I still have a small account with them. Today at the GBP Retail Sales announcement, I put in a small order before the news to buy cable at 8868 and was filled at 8898 right at the top of the spike, that is 30 pips slippage.

Yes, 30 pips slippage, mind you.

I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.
  • #5
  • Nov 16, 2006 4:50pm Nov 16, 2006 4:50pm
Quoting stockwet
Doesn't oanda have an upper and lower limit that allows you to prevent severe slippage? I use that often when I trade the news.
Yes they do. I don't trade the news but I would use this if I did.
  • #6
  • Last Post: Nov 19, 2006 3:02am Nov 19, 2006 3:02am
Quoting PipStar
I dont trade with Oanda as my main broker but I still have a small account with them. Today at the GBP Retail Sales announcement, I put in a small order before the news to buy cable at 8868 and was filled at 8898 right at the top of the spike, that is 30 pips slippage.

Yes, 30 pips slippage, mind you.

I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.
Send them a mail, same thing happend to my on the last NFP, and this is what they answered:

Thank you for your email.
As you are aware, the release of major economic data can sharply impact the price of a currency pair. When the US Employment Data was released on Friday, the market reacted quickly as buyers of Dollars far outweighed sellers. OANDA's execution policy states that orders are executed at the dealable price on the server when your order arrives for execution. As you pointed out, in this case the execution of these two orders was slower than usual, and as such, we are prepared to split the slippage cost with you as a goodwill offer. Within one business day, you should see a credit to your account of $40.00 [1/2*18673(1.2742-1.2720)+1/2*17491(1.9042-1.90205)=39.3431]. This credit will be reflected in your Activity Log.
Please contact us if you do not see the above mentioned credit by replying to this message.
0 traders viewing now