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  • #801
  • Jun 4, 2009 5:22am Jun 4, 2009 5:22am
Does anybody have access to your FXTrade platform?
  • #802
  • Jun 4, 2009 5:24am Jun 4, 2009 5:24am
Quoting srmfx
Does anybody have access to your FXTrade platform?

NO
Unus pro omnibus, omnes pro uno
  • #803
  • Jun 4, 2009 5:25am Jun 4, 2009 5:25am
Can not access Oanda. It drop out about 10 min ago.
Ray
  • #804
  • Jun 4, 2009 5:27am Jun 4, 2009 5:27am
Quoting 1234
Can not access Oanda. It drop out about 10 min ago.
Ray
Maybe Xaron can explain the situation to us.
Unus pro omnibus, omnes pro uno
  • #805
  • Jun 4, 2009 5:29am Jun 4, 2009 5:29am
i got the same problem, i cant connect to the server
Buying Tops, Selling dips xP
  • #806
  • Jun 4, 2009 5:31am Jun 4, 2009 5:31am
Quoting srmfx
Does anybody have access to your FXTrade platform?
Same here, unable to access Oanda...
  • #807
  • Jun 4, 2009 5:35am Jun 4, 2009 5:35am
Quoting moneda
Maybe Xaron can explain the situation to us.
Why could I? I had a disconnect as well. It did last about 10 minutes. In don't like these but actually they don't hurt me anyway. I guess I could trade with virtually every broker who isn't completely scam - regarding my trading style.

Oanda has some problems these days. I've never denied that fact. But they are still one of the best and most reliable ones out there.
  • #808
  • Jun 4, 2009 5:42am Jun 4, 2009 5:42am
Quoting Xaron
Why could I? I had a disconnect as well. It did last about 10 minutes. In don't like these but actually they don't hurt me anyway. I guess I could trade with virtually every broker who isn't completely scam - regarding my trading style.

Oanda has some problems these days. I've never denied that fact. But they are still one of the best and most reliable ones out there.
Xaron,

Easy....there.... I thought that maybe you had more information to share.... I like Onanda

thanks
Unus pro omnibus, omnes pro uno
  • #809
  • Jun 4, 2009 5:46am Jun 4, 2009 5:46am
Unfortunately not. That's what I HATE about Oanda. They don't give that much information about these accidents. I'm a real Oanda fanboy and some already said that I'm an Oanda employee but that's not the truth. I'm just a small fish like others there with my low 5 figures account - nothing special.

But I can imagine that those disconnects are really horrible for a scalper and intraday trader. For me it doesn't matter - beside the fact that I missed a nice dip to enter a EUR/USD long position...
  • #810
  • Jun 4, 2009 5:50am Jun 4, 2009 5:50am
Quoting Xaron
Unfortunately not. That's what I HATE about Oanda. They don't give that much information about these accidents. I'm a real Oanda fanboy and some already said that I'm an Oanda employee but that's not the truth. I'm just a small fish like others there with my low 5 figures account - nothing special.

But I can imagine that those disconnects are really horrible for a scalper and intraday trader. For me it doesn't matter - beside the fact that I missed a nice dip to enter a EUR/USD long position...
Xaron,

Yes, I know what you mean... Oanda is the best option for me atm.

Thanks
Unus pro omnibus, omnes pro uno
  • #811
  • Jun 4, 2009 5:53am Jun 4, 2009 5:53am
Oanda is working again for me. No damage to my account. Good trading to all. Ray
  • #812
  • Jun 4, 2009 6:45am Jun 4, 2009 6:45am
at minimum bid rate EUR news 2 hr's ago, my order never triggered. Price just pass my pending order. I never trade with news. My trading style is longterm, so itsn't a problem to me. I just reenter my trade.
  • #813
  • Jun 6, 2009 12:05pm Jun 6, 2009 12:05pm
I thought this was pretty funny:

Quote
pipmutt: in reality you're probably paying something like 5 pips round turn on Oanda for EUR/USD

http://www.forexfactory.com/showpost...8&postcount=54
  • #814
  • Jun 6, 2009 12:44pm Jun 6, 2009 12:44pm
Quoting blazespinnaker

I thought this was pretty funny:



http://www.forexfactory.com/showpost...8&postcount=54

Well of course you did, because you lack sufficient knowledge to understand how shops like Oanda derive the quotes and spreads they display to you on their platform.

They rely on people like you not realizing the true cost of a transaction and being taken in by the come-on ".9 pip spread on Eur/Usd - No Commission!", blissfully ignorant to the true cost, it's designed to get punters through the door and it obviously works!

Sure you find it funny but what you don't realize is the joke is on you.

Why don't you do some research on the subject, then you'll be able to make an educated comment.

I'm out of this thread, there's no point in trying to educate someone who quite obviously doesn't want to be educated.
  • #815
  • Jun 6, 2009 12:59pm Jun 6, 2009 12:59pm
Heh. That's it, dig deeper.
  • #816
  • Jun 7, 2009 11:36am Jun 7, 2009 11:36am
Come on, am I the only one who's going to explain what an idiotic statement this is?

I've been using Oanda and as long as you trade during high liquidity hours, spread costs are 0.9 pips.

Oanda has to be offering/buying inside the spread to provide these tight spreads. It's moronic to think that they're able to somehow quote something to end up costing 5 pips.

I do agree that we need to be worried abouts stop hunting and slippage, but as long as you don't have a stop in place and they're executing on time, everything is good.
  • #817
  • Jun 7, 2009 11:42am Jun 7, 2009 11:42am
I've made several thousand trades on Oanda. If I open and close at the same price, it cost me .9 pips provided that .9 is the posted spread. If price goes 10 pips, I reap 9.1 pips. If I am supposed to be paying 5 pips round turn, I must owe Oanda a helluva lot of money.
  • #818
  • Jun 7, 2009 1:11pm Jun 7, 2009 1:11pm
Hehe, you two should be on stage as a double act, maybe you could do an Oanda version of "Who's on First"

Ok, the first one to get it right gets.......a lollipip!

Clue: Don't think spread, think quotes.
  • #819
  • Jun 7, 2009 4:12pm Jun 7, 2009 4:12pm
No Pipmutt, I'm not a double act. This was my first comment on this issue and I'm in league with no one. I really don't know what your point is. If I open and close a position instantaneously, without any change in price, then I lose the amount of the spread and that's that. It doesn't matter what the quote is.

Are you saying that to go long I pay a higher price than with another broker?
If so, it comes out in the wash when I sell.

I just now, for the sake of argument, proved it to myself. I opened a long Euro for 3000 units and the spread was three pips. That gave me an unrealized loss of 90 cents. I closed it immediately at the same price and my live account diminished by 90 cents. So on the round trip, I paid the posted spread--nothing more, nothing less.

I'd like you to explain where I paid 5 pips on the round turn. Just saying "think quotes" proves nothing.
  • #820
  • Jun 7, 2009 4:26pm Jun 7, 2009 4:26pm
Im new with Oanda since 2 weeks ago and already had 2 problems.

First, I lost my connection for 10 minutes about. Not a big deal if it happens rarely.

second. and this is with the desktop platform :

I tried to make a market order, got a message that said the order didnt go through, so I tried again, same message came, tried it again, same message. So I quit trying and 2 minutes later I had 3 positions open in my account!

so be careful when you get a message after trying to place an order.

Other than that, I love their platform and I have gotten good customer services up to now.

I will come back to this thread for updates
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