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Oanda Stop Hunting?

  • #61
  • Aug 4, 2008 2:35am Aug 4, 2008 2:35am
Quoting lostinspace
, disconnects across data, slow quotes, price and platform freezes, mystery spikes, some ridiculously wide spreads, and ultimately inexplicable pricing disparity.
There's a guy on the Oanda tech support forum (I think it's Whipsawfx) who posted a thread and provided a link to this "open DNS" thing. I think you may find it through google by a simple search also. After you go to this site and change your connection settings to their open DNS server settings your connection quality should improve considrably, I know it did for me recently while without it I could barely get Oanda's platform to load at all.
On the path to Enrichment.
  • #62
  • Aug 4, 2008 2:54am Aug 4, 2008 2:54am
Quoting Jurrasic
There's a guy on the Oanda tech support forum (I think it's Whipsawfx) who posted a thread and provided a link to this "open DNS" thing. I think you may find it through google by a simple search also. After you go to this site and change your connection settings to their open DNS server settings your connection quality should improve considrably, I know it did for me recently while without it I could barely get Oanda's platform to load at all.
Slightly different issue, these disconnects were across volatile data such as NFP data. It can be a risky time for bucketshops like Oanda who automatically fill orders and sometimes only hedge aggregate, FXCM and Refco had a problem a few years ago and had to reverse nearly every trade because of the losses they sustained.

Disconnects and platform freezes are an old 'trick', it's the easiest way to stop order flow and discourage traders who snipe news price spikes but it was too blatant for most bucketshops to get away with. Oanda tried it for a while......

http://www2.oanda.com/cgi-bin/msgboa...=003037#000000

http://www2.oanda.com/cgi-bin/msgboa...=003130#000000

http://www2.oanda.com/cgi-bin/msgboa...=002715#000000
  • #63
  • Aug 4, 2008 4:21am Aug 4, 2008 4:21am
Trading the news is a bad idea in the first place. I tried some stuff for a while but in the end it just looks like a waste of time. Too unpredictable, even if you didn't have widened spreads, delayed fills and the like.
On the path to Enrichment.
  • #64
  • Aug 4, 2008 4:36am Aug 4, 2008 4:36am
Quoting Jurrasic
Trading the news is a bad idea in the first place. I tried some stuff for a while but in the end it just looks like a waste of time. Too unpredictable, even if you didn't have widened spreads, delayed fills and the like.
That's a personal choice, some traders follow fundamentals closely and take advantage of events such as the no-brainer 25bp Fed cut when 50bp was priced in. There's no reason why a trader should exclude himself from trading such potentially profitable times, provided he understands the market and has an honest marketmaker willing and able to facilitate his trading activities.

But like I said before, whether this particular excessive quote manipulation affected you or not is not really the point. If a marketmaker lacks integrity and is prepared to do such a thing then what else is he capable of doing in order to improve his bottom line?
  • #65
  • Aug 4, 2008 8:22am Aug 4, 2008 8:22am
Quoting lostinspace
That's a personal choice, some traders follow fundamentals closely and take advantage of events such as the no-brainer 25bp Fed cut when 50bp was priced in. There's no reason why a trader should exclude himself from trading such potentially profitable times, provided he understands the market and has an honest marketmaker willing and able to facilitate his trading activities.

But like I said before, whether this particular excessive quote manipulation affected you or not is not really the point. If a marketmaker lacks integrity and is prepared to do such a thing then what else is he capable of doing in order to improve his bottom line?
So lostinspace, who do you trade with?
  • #66
  • Aug 4, 2008 8:49am Aug 4, 2008 8:49am
Quoting lostinspace
I'm extending you a certain amount of latitude here because you're new to the business but you really need to be alert and aware of who you're trading with in this market
~
hey genius, you should come to my trading office and then we can start talking.

The point is that all the market makers manipulate. All of them. From the high of your experience you should be able to win anyway. Because that's what i do, even though im a "novice" (8 years of trading fx... profitably.)

Forums are full of BS, thanks to threads like this one.

WRITE LESS, TRADE MORE!!!
Fuck Forex Factory
  • #67
  • Aug 4, 2008 9:33am Aug 4, 2008 9:33am
Quoting fxtrader42
So lostinspace, who do you trade with?
Barx, why do you ask? Not available in the US as far as I know though.
  • #68
  • Aug 4, 2008 9:54am Aug 4, 2008 9:54am
Quoting lostinspace
Barx, why do you ask? Not available in the US as far as I know though.
Which BARX platform are you on? If you do not know, then how many pairs are available to trade?
  • #69
  • Aug 4, 2008 10:03am Aug 4, 2008 10:03am
Quoting fxtrader42
Which BARX platform are you on? If you do not know, then how many pairs are available to trade?
Private Client, so it's retail not institutional. lol, I know what you're going to say, they're a bucketshop!

I haven't had an account with them for long but so far they seem reliable and honest, spreads widen but only for seconds, execution is good, platform is functional, funds are protected, so far...so good
  • #70
  • Aug 4, 2008 10:09am Aug 4, 2008 10:09am
Quoting lostinspace
Private Client, so it's retail not institutional. lol, I know what you're going to say, they're a bucketshop!

I haven't had an account with them for long but so far they seem reliable and honest, spreads widen but only for seconds, execution is good, platform is functional, funds are protected, so far...so good
Yea it's just an integral whitelabel and I am assuming it is the powertrader platform. Its just spot fx right, do you see level 2? I think they just pump their own retial pricing into it and its not a mulitiple bank platform.
  • #71
  • Aug 4, 2008 10:20am Aug 4, 2008 10:20am
Quoting fxtrader42
Yea it's just an integral whitelabel and I am assuming it is the powertrader platform. Its just spot fx right, do you see level 2? I think they just pump their own retial pricing into it and its not a mulitiple bank platform.
Yep, I think it's just the retail version of Barclays Capital from what I can tell, operated by Barclays Stockbrokers.

The idea was good and you can see what kind of clients they're targetting but I think they're relying too much on their branding to bring in the business. Spreads aren't great, not the worst but not the best, but pricing does seem fair when compared to 3000 Xtra.

Time will tell but I feel comfortable with them so far...

You're on FXi, right?

edit: Yes just spot, and no Level 2

Also 100k min and 3m max so they're middle of the road. Enough for me but minimum may be too much for small traders and maximum would probably be too small for large traders. I'm not sure who developed the package but in my opinion it needs reviewing if they expect to entice customers away from what's on offer already.
  • #72
  • Aug 4, 2008 10:26am Aug 4, 2008 10:26am
Quoting lostinspace
Yep, I think it's just the retail version of Barclays Capital from what I can tell, operated by Barclays Stockbrokers.

The idea was good and you can see what kind of clients they're targetting but I think they're relying too much on their branding to bring in the business. Spreads aren't great, not the worst but not the best, but pricing does seem fair when compared to 3000 Xtra.

Time will tell but I feel comfortable with them so far...

You're on FXi, right?
It does come through Barc stockbrokers but they white label intergal's power trader, which is an average platform. Barclays whitelables just about everything they do for their clients instead of building in house. The worst part is that Barclays' can offer a multibank feed but they dont to their retail clients. Too bad.

I use FXi and Autobahn...
  • #73
  • Aug 4, 2008 10:27am Aug 4, 2008 10:27am
Quoting lostinspace
Yep, I think it's just the retail version of Barclays Capital from what I can tell, operated by Barclays Stockbrokers.

The idea was good and you can see what kind of clients they're targetting but I think they're relying too much on their branding to bring in the business. Spreads aren't great, not the worst but not the best, but pricing does seem fair when compared to 3000 Xtra.

Time will tell but I feel comfortable with them so far...

You're on FXi, right?
It does come through Barc stockbrokers but they white label intergal's power trader, which is an average platform. Barclays whitelables just about everything they do for their clients instead of building in house. The worst part is that Barclays' can offer a multibank feed but they dont to their retail clients. Too bad.

I use FXi and Autobahn... and I am always looking for new and better.
  • #74
  • Aug 4, 2008 10:37am Aug 4, 2008 10:37am
Quoting fxtrader42

The worst part is that Barclays' can offer a multibank feed but they dont to their retail clients

I use FXi and Autobahn... and I am always looking for new and better.
Aren't we all, we're never satisfied

I think we've got to keep informed about what's on offer, this business seems to have developed fast and competition is fierce for our business. I won't bore you with the details but when I started out there was only one online MM and they robbed everyone blind, a real bucketshop, but at the time it was all that was available and everyone thought it was the best thing since sliced bread!

The non multibank feed could explain the 3m cap, maybe their own liquidity is too precious to waste on retail and they don't want those nasty hedge funds soaking everything up!
  • #75
  • Sep 22, 2008 6:52am Sep 22, 2008 6:52am
Quoting oan4fx
i am sure that you dont have a real forex account ,thats what i will say
oanda hunts stops yes and some times manipulate prices yes and you know what they delay there news feed .and if you loss your balance they never bother providing you with the news.
they have a big capital yes because they have other bussiness befor forex for about 20 years i think it is global transactions and having a balance is not the issue ,refco had equity more than oanda and end broken with people money.
and by the way did you heard about man finicaial i think your forex information is weak ,man finicial have about 42 billlion dollars in capital ,oanda only 160 million hahhah also hot spot it was bougth by knigth capital group that have about 20 billion in capital .
so please dont say blah blah ,go open an account with oanda and try for your self in case they are not paying you to advertise hahahahh
bye bye
oh my god i was a bad man ,oanda is good back again as old days and i was wrong please orgive me oanda and traders and god also please forgive me and you my friend
i was a dommy sorry for the pain i made you .
oanda is back again
my regards
  • #76
  • May 8, 2011 5:32pm May 8, 2011 5:32pm
Its the 8th May 2011 and I just checked my eurusd trades and was stopped out by oanda at 1.43958. I then checked the prices on a number of other providers and the highest price reached was 1.4377 . The highest price reached by oanda being 1.43966 ( about 1 pip above mine and probably many others stop loss orders).

I had a live chat with their representative and was informed that oanda does not manipulate prices to their favour but could not explain the above other than they commence their price data earlier than other brokers. He or she , of course could not provide evidence that this was true, and it was explained that others do commence their prices at the exact moment the market starts trading.

thereafter there was silence from their representative

what galls me is if their literature stated we are as bad as all the other brokers and will screw you the first chance we get, then i would not be posting this message now. I would say fine, I were aware they were scam artists and they screwed me this time

but that is not the case, thier mantra is we are different from all the other brokers so you can trust us, we have transparency in our price and blah, blah and blah.

there is a saying in latin and frequently used by lawyers. it is "res ipsa loquitor "( not sure if I spelt that right). it means that facts speak for themsleves.

in my submission, in my trades, the facts speak for themsleves. I have been screwed by Oanda by manipulating their price to take my stops out.
  • #77
  • May 9, 2011 6:54am May 9, 2011 6:54am
Can you give more details than just some "I was screwed" nonsense.

What pair are you talking about? What exact time are you talking about? I assume it was a sell order on EURUSD. You are aware that on EURUSD there is a weekend spread of 10 pips? And you are aware that other brokers don't provide as much Sunday data as Oanda does? So I checked other providers too and the first time data starts there is at 16:00 EST yesterday but Oanda data feed started at around 14:00 EST. And in those two hours an intermediate high was reached that went above of 1.4390.

Show me charts of the other providers you are talking about.

Below is an example of another data provider (white chart), black chart is MT4 of Oanda.

I don't know what price that provider is showing in his charts (bid, ask or average price?) but I can only show Oanda bid ask and as result the average prices. As you can see the highs are similar to the white chart

Oanda swing highs (shown in black chart):
#1 we have bid 1.43719, ask 1.43819 and average 1.43769
#2 bid 1.43762, ask 1.43842, average 1.43802
#3 bid 1.43860, ask 1.43883, average 1.43871/5
#4 bid 1.4406, ask 1.44072, average 1.44066

The high between 14:00 and 16:00 EST (at 15:24 EST) was at bid 1.43916. So the ask price was at 1.44016 and average price was at 1.43966.

So please show me other provider's average highs at around 15.24 EST.
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  • #78
  • May 9, 2011 7:43am May 9, 2011 7:43am
Quoting tinybolt10
Its the 8th May 2011 and I just checked my eurusd trades and was stopped out by oanda at 1.43958. I then checked the prices on a number of other providers and the highest price reached was 1.4377 . The highest price reached by oanda being 1.43966 ( about 1 pip above mine and probably many others stop loss orders).

I had a live chat with their representative and was informed that oanda does not manipulate prices to their favour but could not explain the above other than they commence their price data earlier than other brokers. He or she , of...
You are so unbelievable dumb. I really really hope that you get broke very very soon. God, please provide some brain to those moronic wannabes. Just a little bit, please!!


@tinybolt, do you agree with me that you are the most idiotic moron of the day? But don't be angry about that fact too much because forexfactory is the home of the morons of the world.
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  • #79
  • May 9, 2011 8:42am May 9, 2011 8:42am
People thinking that Oanda hunts their stops...haha. So retarded. Do you guys think this through before typing this stuff?
  • #80
  • Aug 3, 2011 8:03am Aug 3, 2011 8:03am
Hey folks,

Well, I have a Oanda account, and Im only trading 45 lots a smack, small time.. 2 pips=.01 cents,

Anyways, im here, Why? because I "feel" i was stop hunted like crazy the past 2 days. I googled stop hunting, and bang, here i am..

I scalp, 5-10 pips a trade, and adjust my TP and Sl by clickin the lines and modify them, ( which i love ).. i can get more pips if it runs, and SL to lock in profits.

i set my SL to start the trade, on the last Hig or Last Low, then +3 pips, Till the price gets 2 pips past arrow, I adjust SL to lock in profit.

I can count, hummmmmm, like 20 trades that were Sl kissed, for no reason, just out of the blue, and its FASTTTTTTT..

and at times, Im even talking like 10 pips. I got short, set my Sl, the price starts down, then BANG, like 1/4 second, goes Juuuust enough to hit my SL, then 1/4 second right back to the price before the jump, then continues downward. Soooooooo annoying..

i love the platform, i love the lot alowance, but thats about it..

Just seems fishy most of the time, like someone is sitting there, just watching my trades, and playing the lines, its horrible, and is taking the fun out of it..

Just sayin
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