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  • #421
  • Sep 27, 2008 8:12am Sep 27, 2008 8:12am
Quoting fiberangel
I'm playing with oanda just to see how honest they are. I guess times are tough for them now as I see them hunting like that every day. In this case, the price never even hit the SL. I'm not even talking about them modifying the price to hit my SL, but flat out eliminating my SL w/o the spike.

I hope you are kidding

You are looking at 5secs chart not 1H, of course the price moves almost every second.

And why do you think they would care to hunt your stops? are you the only one trading with them or they have to watch thousands of accounts?
After all, who said that they make money when you lose a trade?

This Forum is full of such ridiculous topics coming from newbies...Learn about and be disciplined iin trading Forex first.
  • #422
  • Sep 28, 2008 11:18pm Sep 28, 2008 11:18pm
Thanks for your reply. There are two things I would like to address:
First, I zoomed into 5sec chart so that you can see better, I don't trade off of anything less than 15min.
Second, I have been trading with Oanda for about 3 years and just now started experiencing this sort of things (I've read all sorts of stories in the past). I posted those 2 screen shots for everyone's amusement. I couldn't care less about those $50-100 lossess that were caused by that stop out.
And to answer your question, YES I do believe that if you loose money trading with the market maker, they profit from it. Unless you are doing really large volume when they have no choice but to offset the position on the market (this is not a discussion I would like to start here though). If you want to trade seriously, use ECN like big boys do.


Quoting TradeToWin
I hope you are kidding

You are looking at 5secs chart not 1H, of course the price moves almost every second.

And why do you think they would care to hunt your stops? are you the only one trading with them or they have to watch thousands of accounts?
After all, who said that they make money when you lose a trade?

This Forum is full of such ridiculous topics coming from newbies...Learn about and be disciplined iin trading Forex first.
  • #423
  • Sep 29, 2008 6:22pm Sep 29, 2008 6:22pm
hmmm....Spike on EURUSD this morning.

I have checked other data sources and none show it.
Attached Image (click to enlarge)
Click to Enlarge Name: Oanda spike.JPG Size: 62 KB
  • #424
  • Sep 29, 2008 6:32pm Sep 29, 2008 6:32pm
That was quick

Quote
Thank you for your interest in FXTrade.

The price spike on EUR/USD was a result of an invalid price feed from several of our banking partners. As a result, all affected orders will be reversed. You will receive an email confirmation once corrections have been completed on your account.

Please do not hesitate to contact us if you have further questions.

Kind Regards,

OANDA FXTrade Team (IV)
  • #425
  • Sep 30, 2008 4:10am Sep 30, 2008 4:10am
okay, how about this:

Oanda seems to park funds at JP Morgan Chase Bank. As we are now coming to find out,
Chase bank will be one of the "Gang of 5" and has the Fed's blessing.

Does this make them (Oanda) bulletproof, atleast for the time being ?
  • #426
  • Sep 30, 2008 11:48am Sep 30, 2008 11:48am
To Bentrod, That spike is across many different brokers.

My experience with onanda

When a trade is going your way, profits are ridiculous low
When its going against you the losses are magnified as if i have 100:1 leverage,

Hopefully once i make my initial deposit back i will cancel them and find a 100:1 broker

This broker just sucks
  • #427
  • Sep 30, 2008 1:24pm Sep 30, 2008 1:24pm
Quoting Rommin>
When a trade is going your way, profits are ridiculous low
When its going against you the losses are magnified as if i have 100:1 leverage
This sounds like your money management problem, not the broker. You take profits too quick, but let your losses run.

No offense.
"Even the word impossible says that I M possible"
  • #428
  • Sep 30, 2008 1:51pm Sep 30, 2008 1:51pm
Quoting SkYliNe0511
This sounds like your money management problem, not the broker. You take profits too quick, but let your losses run.

No offense.

Its sounds like that but this is not the case. a 10 pip gain or loss either direction is not equal in the gain or loss in monies
  • #429
  • Sep 30, 2008 2:54pm Sep 30, 2008 2:54pm
Quoting Rommin>
Its sounds like that but this is not the case. a 10 pip gain or loss either direction is not equal in the gain or loss in monies
I'm not sure if I understand you.

So, if you trade 10,000 units (1 mini lot) on EUR/USD and gain 10 pips, you don't make $10? But, if you lose 10 pips, you lose more than $10? Please clarify.

Or are you talking about the interest that you pay or receive right after you put any trade?
"Even the word impossible says that I M possible"
  • #430
  • Oct 1, 2008 7:31am Oct 1, 2008 7:31am
Guys,
So my account account is in the radar too since when i triple it i guess.
The points are two:
1- tonight i placed a 100 pips stop and it wasn't hit by 2 points!! the position recovered and im up now 70 pips
2 - if I was a broker firm I'd love to have customers with huge accounts and that make more money. The brokers get money from your spread.

If you don't get this, you will go on to blame the broker instead of correcting your own trading mistakes.

Kindest Regards
63ws
{Promotion Removed}
  • #431
  • Oct 1, 2008 7:33am Oct 1, 2008 7:33am
Quoting Rommin>
Its sounds like that but this is not the case. a 10 pip gain or loss either direction is not equal in the gain or loss in monies
That's a real bad joke and simply not true.
  • #432
  • Oct 1, 2008 10:32am Oct 1, 2008 10:32am
Hi all,

I'm currently demo-ing on Oanda and ran into issues for which I hope you guys can ease my mind.

I know that Oanda discourages trading during news time - widened spreads and platform freezes are to be expected, etc... I'm okay with that.

But how long after a news-release can you expect the thing to stablize?

I sat with my platform (demo) opened this morning, watched it through the 10:00 am (EST) news, saw the platform freeze. "To be expected" I thought as I sat on my hands, waiting for the platform to get back to normal. 10:10 came - prices stil seems to go in and out - sometimes flashing, sometimes freezing. 10:15 am came, still frozen.

Logged out, logged back in, platform still seems unstable.

Seriously?? Fifteen minutes after the news and it's STILL not stable? Is the live platform this bad too? Or is it just the demo? What good is a platform if it doesn't function for a whole 30 minutes timeframe around a news release? Considering how many news items are released everyday, that would mean that I'll be sitting on my hands all day waiting for the platform to stablilize.

Anyone else experience this?

And no, it's not my connection. I have a live account with MBT and had it opened for comparison. The MBT platform had no problems...
Money missed is better than money lost
  • #433
  • Oct 1, 2008 10:39am Oct 1, 2008 10:39am
Quoting Dahlia
Hi all,

I'm currently demo-ing on Oanda and ran into issues for which I hope you guys can ease my mind.

I know that Oanda discourages trading during news time - widened spreads and platform freezes are to be expected, etc... I'm okay with that.

But how long after a news-release can you expect the thing to stablize?

I sat with my platform (demo) opened this morning, watched it through the 10:00 am (EST) news, saw the platform freeze. "To be expected" I thought as I sat on my hands, waiting for the platform to get back to normal. 10:10 came - prices stil seems to go in and out - sometimes flashing, sometimes freezing. 10:15 am came, still frozen.

Logged out, logged back in, platform still seems unstable.

Seriously?? Fifteen minutes after the news and it's STILL not stable? Is the live platform this bad too? Or is it just the demo? What good is a platform if it doesn't function for a whole 30 minutes timeframe around a news release? Considering how many news items are released everyday, that would mean that I'll be sitting on my hands all day waiting for the platform to stablilize.

Anyone else experience this?

And no, it's not my connection. I have a live account with MBT and had it opened for comparison. The MBT platform had no problems...
Da,

1) I never trade the news. It is gambling...and there is no need to play the news to make good pips.
2) I had a position open during the news this morning. I did not have any problem whatover. I suspect that this happened with the demo. I do not demo anymore.
3) News stabilization? It is fast; you see it as soon as the spread return to normal. Then the major traders might want to go North or South. That is just postnews trading volatility. If you are insured, wait 5 to 10 min.

Good luck,
Empty as water and soft as a facing wind mountain
  • #434
  • Oct 1, 2008 11:26am Oct 1, 2008 11:26am
Hi guys,

1. Oanda platform not stable when busy time.
2. Sometimes their candle price a little bit high and low than other platform
3. There a very stable and establish FX broker ever

Thats all folks!
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #435
  • Oct 1, 2008 12:46pm Oct 1, 2008 12:46pm
Quote
I never trade the news. It is gambling...and there is no need to play the news to make good pips.

Quote
Oanda platform not stable when busy time.

I know not to trade when news reports come out, for many reasons, and I know that the platform is expected to be unstable during these news releases.

My question, however, is 1) whether it's common for the demo platform to be unstable 10-15 minutes AFTER the news has already been released, and 2) is the live platform any better than the demo as far as stability 10-15 minutes AFTER the news has been released.
Money missed is better than money lost
  • #436
  • Oct 2, 2008 11:26am Oct 2, 2008 11:26am
Quoting BentRod
hmmm....Spike on EURUSD this morning.

I have checked other data sources and none show it.

How come i can see it on Metatrader??
{Promotion Removed}
  • #437
  • Oct 2, 2008 12:23pm Oct 2, 2008 12:23pm
Hi,
is some one have the same that on demo in oanda is missing gold and silver from today?
  • #438
  • Oct 4, 2008 5:35am Oct 4, 2008 5:35am
Oanda has been, in my experience, getting weirder and weirder. It's my main broker, don't get me wrong.

However, I run it side by side with Alpari and I can't help but notice that in the EUR/USD chart, the candles don't show up the same. I know the quotes could differ among brokers but Oanda's chart seems glaringly different.

The platform continues to have periodic glitches, which can be a real pain. Sometimes, you can't get the smaller time-frames; other times, you just get disconnected from the server for no apparent reason, etc.

I wonder, will things ever change over there?
Amor Fati--F. Nietzsche
  • #439
  • Oct 7, 2008 1:16am Oct 7, 2008 1:16am
From 05.00 GMT until now (06.15 GMT) Oanda had steady 10 pips spread for GBPUSD and 4 pips spread for EURUSD.

I know that spread are widening during this time, but 10 and 4 pips for GBPUSD/EURUSD ??
  • #440
  • Oct 7, 2008 1:30am Oct 7, 2008 1:30am
Quoting vsumardi
From 05.00 GMT until now (06.15 GMT) Oanda had steady 10 pips spread for GBPUSD and 4 pips spread for EURUSD.

I know that spread are widening during this time, but 10 and 4 pips for GBPUSD/EURUSD ??
if they cant get the liquidity from their providers they arent going to do you any favours.
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