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Oanda Stop Hunting?

  • #21
  • Jul 10, 2008 7:08pm Jul 10, 2008 7:08pm
Quoting tdion
1)
2) i don't agree with daveL's emphatic "Brokers/dealers don't stop hunt!" - you have no evidence that they don't, and there is plenty to support that they do.
Same. That's some bs he wrote.
  • #22
  • Jul 10, 2008 7:58pm Jul 10, 2008 7:58pm
Quoting Moe
you think they will restore your trade if you would be 100 pips back in profit
Yes, in my case, all 5 of my restored trades were well in profit. If memory serves, after the trades were restored, each one eventually TP'd with more than 250+ pips in profit.
Dave
  • #23
  • Jul 10, 2008 8:15pm Jul 10, 2008 8:15pm
Quoting tdion
2) i don't agree with daveL's emphatic "Brokers/dealers don't stop hunt!" - you have no evidence that they don't, and there is plenty to support that they do.
That's fine. I respect your belief. If your belief supports your trading success, more power to you.

I started to write more to offer "evidence." But in the end, I decided that enough was stated already.

Best,
Dave
  • #24
  • Jul 10, 2008 8:32pm Jul 10, 2008 8:32pm
http://www.cvreefers.org/images/smilies/bsmeter.gif
If I Go Broke Trying Then I Will die happy.
  • #25
  • Jul 10, 2008 8:53pm Jul 10, 2008 8:53pm

Quoting Moe
http://www.cvreefers.org/images/smilies/bsmeter.gif
  • #26
  • Jul 11, 2008 12:15am Jul 11, 2008 12:15am
Quoting DaveL
I've always try to convince my clients to drop the conspiracy theories:
Brokers/dealers don't stop hunt!!
People who think they do simply don't understand how the system works.
That's a generalization, not all marketmakers ('brokers' implies they're simply brokering a deal) are equal and it's very evident that for some marketmakers stop-hunting and quote manipulation are regular practices and all in a day's work.



Quote
First of all, brokers/dealers hedge their net exposure as a whole, and they simply don't look at individual orders' SL to see which ones they can pick off.

To say that a stop-hunting marketmaker only looks at individual orders is a bit naiive although I agree it does happen on rare occasions. They'll look at their order book overall to decide where the most profitable level for them to shift price is.

Getting your money is not the only motive for quote manipulation though, providing in-house liquidity is a complex business.

I'm hoping you don't charge your 'clients' for your advice!
  • #27
  • Jul 11, 2008 12:20am Jul 11, 2008 12:20am
Quoting lostinspace
I'm hoping you don't charge your 'clients' for your advice!
If I Go Broke Trying Then I Will die happy.
  • #28
  • Jul 11, 2008 1:17am Jul 11, 2008 1:17am
I'm always astonished at how some people brag about their oversized accounts and how bad such and such broker is for large traders, how they get stop hunted when they just had this 'perfect' setup and lost gazillions of moolah from trading 10^10 lots.

I am not a representative of any broker, I have been trading stocks, comms, and forex for 15 years now, and in all that time I have -never- had ANY issue with any of my brokers, and oanda is one of them. I trade all timeframes, I would classify my accounts as 'decently large' (i.e. I can trade 100 lots without sweating my shirt worrying about margin) with every broker I am with at the moment, and quite frankly: the best thing you can do about those trolls who bring forth nothing but unsubstantiated claims against quite reputable brokers is to ignore them.

if you have proof that oanda or similar brokers stop hunted you, post it. if you don't, or if the best you can contribute to a discussion is 'xyz has always been bad, from day one' or 'they will cheat you if you trade 100 lots or more' without supplying details, then why do you bother to post at all?

Anybody with reasonable trading experience will not take you serious anyway, and all you are doing to newcomers is worry them excessively, preventing them from being able to draw their conclusions from evidence and fact rather than third class hearsay and rumours.

cheers -
cc.
  • #29
  • Edited 1:45am Jul 11, 2008 1:34am | Edited 1:45am
Quoting ChaosCalvin
I'm always astonished at how some people brag about their oversized accounts and how bad such and such broker is for large traders, how they get stop hunted when they just had this 'perfect' setup and lost gazillions of moolah from trading 10^10 lots.

I am not a representative of any broker, I have been trading stocks, comms, and forex for 15 years now, and in all that time I have -never- had ANY issue with any of my brokers, and oanda is one of them. I trade all timeframes, I would classify my accounts as 'decently large' (i.e. I can trade 100 lots without sweating my shirt worrying about margin) with every broker I am with at the moment, and quite frankly: the best thing you can do about those trolls who bring forth nothing but unsubstantiated claims against quite reputable brokers is to ignore them.

if you have proof that oanda or similar brokers stop hunted you, post it. if you don't, or if the best you can contribute to a discussion is 'xyz has always been bad, from day one' or 'they will cheat you if you trade 100 lots or more' without supplying details, then why do you bother to post at all?

Anybody with reasonable trading experience will not take you serious anyway, and all you are doing to newcomers is worry them excessively, preventing them from being able to draw their conclusions from evidence and fact rather than third class hearsay and rumours.

cheers -
cc.
Well I'm sure that's all very interesting but it doesn't really explain the price differences in the first post of this thread, perhaps you would like to contribute something on that topic? This bit made me laugh though, in one breath you say "I'm always astonished at how some people brag about their oversized accounts" and then two seconds later "I would classify my accounts as 'decently large' (i.e. I can trade 100 lots without sweating my shirt worrying about margin)", lol

I'm always astonished when people pop up and say how they've been trading since the beginning of time yet they still don't seem to be able to answer a simple question and instead blow smoke about unrelated subjects.

cheers

ps Oanda is a marketmaker not a broker, don't worry, it's a mistake a lot of novices make.

-
  • #30
  • Jul 11, 2008 3:10am Jul 11, 2008 3:10am
Quoting lostinspace

perhaps you would like to contribute something on that topic?

-
instead of replying to your testosterone driven remarks?

you are ascerting oanda is manipulating prices to their benefit. can you prove it? if not, it constitutes libel.

unless you have inside information, in which case you are again breaching the law by disclosing it, you cannot know that oanda does that. the number of reasons behind such a glitch is legion, it could be anything, starting with a software/application bug.

if you want to find out, contact oanda, and compare their response with what other feeds said at the very same point in time. if you are dissatisfied and/or lost money and oanda wont refund you, pull out your money, that simple.

I just dont see why an organisation would so knowingly and blatantly wreck their reputation for a negligible amount of additional profits, compared to what they make from executing tons of trades every second anyway.

cheers -
cc.
  • #31
  • Jul 11, 2008 3:40am Jul 11, 2008 3:40am
Quoting ChaosCalvin
instead of replying to your testosterone driven remarks?

you are ascerting oanda is manipulating prices to their benefit. can you prove it? if not, it constitutes libel.

unless you have inside information, in which case you are again breaching the law by disclosing it, you cannot know that oanda does that. the number of reasons behind such a glitch is legion, it could be anything, starting with a software/application bug.

if you want to find out, contact oanda, and compare their response with what other feeds said at the very same point in time. if you are dissatisfied and/or lost money and oanda wont refund you, pull out your money, that simple.

I just dont see why an organisation would so knowingly and blatantly wreck their reputation for a negligible amount of additional profits, compared to what they make from executing tons of trades every second anyway.

cheers -
cc.
So to summarize your answer, you really don't have a clue about the Oanda price discrepancies which are the topic of this thread. Fair enough.

Oanda say they stand by those quotes even though not one other marketmaker or price feed on the planet shows that mysterious move.

Yes, I am saying Oanda deliberately manipulate price for their own benefit, the evidence (if any were needed) is in the first post of this thread. Libel? So sue me

We done now?
  • #32
  • Jul 30, 2008 1:08pm Jul 30, 2008 1:08pm
Quoting ChaosCalvin
cc.
You gotta love these supertraders with 200,000$+ on their accounts who join this site, leave two messages defending a marketmaker/broker, then disappear..
  • #33
  • Jul 30, 2008 1:24pm Jul 30, 2008 1:24pm
Quoting Pirin
It doesn't matter why they've sent it. Someone called me a liar for mentioning the email, that's why I have posted it. The important subject here is that the broker is the counter party in our business and they win more when we lose. They have a motive and legal right to hunt stops. That's why people should watch out when they pick themselves a broker.
I really don't think it is of any concern to you since you are in bulgaria and I doubt Oanda would allow you to open an account with them.
So your posting is just something to stir up some s****
Same Whore .... Different Dress
  • #34
  • Jul 30, 2008 1:30pm Jul 30, 2008 1:30pm
Quoting lostinspace
That is not slippage, that's order-driven price manipulation for Oanda's benefit. The market was not volatile as can be seen from the other price feeds. The NFP release had already been and gone, spreads were more or less back to normal.

Slippage would be if you tried to platform arb the difference and got filled at 1.5695 which is exactly what would have happened, Oanda aren't stupid enough to leave themselves exposed to such risk.
As to your rant..... I have been trading with Oanda for three years.... I have seen erroneous price spikes go both ways, for me and against me.... in both cases the corrections have been made without problem or circumstance.
Remember first there is a lot of crap that can happen on the internet that is way outside the control of you and your broker. be happy the broker is willing to fix the problem with out having to twist their arm and make complaints.
Same Whore .... Different Dress
  • #35
  • Jul 30, 2008 2:20pm Jul 30, 2008 2:20pm
Quoting johnedoe
As to your rant..... I have been trading with Oanda for three years.... I have seen erroneous price spikes go both ways, for me and against me.... in both cases the corrections have been made without problem or circumstance.
Remember first there is a lot of crap that can happen on the internet that is way outside the control of you and your broker. be happy the broker is willing to fix the problem with out having to twist their arm and make complaints.
lol, it's not a rant, they're just plain facts. Oanda's quotes were 44 pips away from market and any other marketmaker, plain and simple. Oanda stand by those quotes and refuse to explain the disparity. They are, of course, perfectly within their right to quote whatever they like but most professional traders would find that degree of manipulation totally unacceptable and they would certainly question Oanda's motives.

I'm not talking about bad ticks that trigger orders which have to be reversed later, the screenshot example and video in the first post of this thread show blatant quote manipulation, period.

No-one so far has been able to offer a reasonable explanation, perhaps you would like to give it a shot?
  • #36
  • Jul 30, 2008 2:31pm Jul 30, 2008 2:31pm
Quoting lostinspace
I just found this video, it looks bad for Oanda no?

http://www.mediafire.com/?dz21xxsxjjm


http://i25.tinypic.com/10h83kk.jpg
All I see here is quote panels..... I don't see any pertinent dates to correlate any of these prices to.
Same Whore .... Different Dress
  • #37
  • Jul 30, 2008 2:41pm Jul 30, 2008 2:41pm
Quoting johnedoe
All I see here is quote panels..... I don't see any pertinent dates to correlate any of these prices to.
Five minutes after the June NFP numbers were released, times in the top left quote panel are BST (EDT +5). The market wasn't particularly volatile, Oanda's spreads are more or less back to normal.

The 'move' on Eur/Usd which can be seen in the video was from 94 to 54, several quotes around 54 for 10 seconds or so, then back to 94. Other pairs had similar disparity.
  • #38
  • Jul 30, 2008 3:02pm Jul 30, 2008 3:02pm
The fact you waited over a month to post this disparity just tells me ... Well BS so have fun with our flaming Oanda.... I'm done with this thread.
Same Whore .... Different Dress
  • #39
  • Jul 30, 2008 3:13pm Jul 30, 2008 3:13pm
Quoting johnedoe
The fact you waited over a month to post this disparity just tells me ... Well BS so have fun with our flaming Oanda.... I'm done with this thread.
Of course you're done with this thread, what else can you do? It doesn't seem like you can offer any sort of reasonable explanation and it would be too painful for you to even consider your beloved Oanda could be doing something so dishonest!

It took nearly a month to get any sense out of the Oanda help desk staff, but a month or a year it still doesn't change the facts.
  • #40
  • Jul 30, 2008 3:42pm Jul 30, 2008 3:42pm
try to find this best forex dealer then everything will be fine:
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