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does anybody experience this?

  • #1
  • First Post: Dec 14, 2007 2:16pm Dec 14, 2007 2:16pm
stop losses frequently triggered due to massive spread widening @ Oanda.

i trade soley on breakouts on sessions and other stuffs. rely heavily on pending orders. it seems they are triggered early or stop losses taken out b/c of news. if oanda reacts so violently to every single news, its growing very difficult.

what would ur suggestion be? Northfinance's fixed spread? btw @ MBT, I get partial fills when things get little crazy.
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  • #2
  • Dec 14, 2007 3:08pm Dec 14, 2007 3:08pm
I watch most of the London session and I have to say that the spread widening is very predictable. OK, some times I've seen the spread widening even when news were not "high impact" news, but most of the time you can do pretty well predicting the spread widening with FF's calendar.

Maybe you should go with a "platform freeze" during news kind of broker instead of a "spread widening" during news kind of broker.
"I say high, You say low, You say why, and I say I don't know..."
  • #3
  • Dec 14, 2007 4:49pm Dec 14, 2007 4:49pm
I agree with Ricardo, if you take a look at FF calendar, you won't have problems with the spread, you'll know when the spread widening will be likely to happen, and is only a few secounds.

CMS has fixed spread, but before news they force you to place pending limit/stop orders up to 35 pips away of current price, I don't know If that would work for you, and you'll be disconected all the time until madness.

I don't have live experience with MT4 brokers so I can't say nothing about.
Ado Whether you believe you can do a thing or not, you are right.
  • #4
  • Dec 14, 2007 5:25pm Dec 14, 2007 5:25pm
the problem is my pending orders being prematurely triggered due to widening spread. if oanda spreads widen on each news, then i cannot trade efficiently.

thanks for ur insights.
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  • #5
  • Dec 14, 2007 5:26pm Dec 14, 2007 5:26pm
Quoting Ricardo.
I watch most of the London session and I have to say that the spread widening is very predictable. OK, some times I've seen the spread widening even when news were not "high impact" news, but most of the time you can do pretty well predicting the spread widening with FF's calendar.

Maybe you should go with a "platform freeze" during news kind of broker instead of a "spread widening" during news kind of broker.
yes i can see that such news happens everyday a couple of times at the least ?
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  • #6
  • Dec 14, 2007 5:54pm Dec 14, 2007 5:54pm
I know a news trader that is very very happy with north finance for this purpose, fixed spreads that never widen.
  • #7
  • Dec 14, 2007 6:45pm Dec 14, 2007 6:45pm
Quoting jjk2
yes i can see that such news happens everyday a couple of times at the least ?
Well, some days when things are veeery quiet the spread is very tight during the whole day, but usually spread widening happens at least once a day. It's ok if you're doing long-term or scalping with 1M or 5M charts, but if you're doing intraday and you hold your trades for a few hours then it can definitively be a problem since it's very likely that the spread widening will hit you almost every day.
"I say high, You say low, You say why, and I say I don't know..."
  • #8
  • Last Post: Dec 14, 2007 7:23pm Dec 14, 2007 7:23pm
Quoting Ricardo.
Well, some days when things are veeery quiet the spread is very tight during the whole day, but usually spread widening happens at least once a day. It's ok if you're doing long-term or scalping with 1M or 5M charts, but if you're doing intraday and you hold your trades for a few hours then it can definitively be a problem since it's very likely that the spread widening will hit you almost every day.
darn...i open positions @ 00:00GMT and close before 24:00 GMT.....
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