Oanda's quick pricing | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Oanda users - Oanda widening spreads 62 replies

OANDA Canada vs OANDA Corp. 4 replies

Oanda 10$ live acc quick-start guide (for newbie to trade live safe) 13 replies

Hedging Question - Quick Question Looking for A Quick Answer 1 reply

Options pricing 0 replies

Oanda's quick pricing

  • #21
  • Apr 3, 2010 10:31am Apr 3, 2010 10:31am
Quoting Intensity
There is no automated trading on Oanda 5 sec

Thanks I'll look into IB BookTrader
If you need automation with IB BookTrader you could look into AmiBroker with IB feed.
  • #22
  • Apr 3, 2010 10:34am Apr 3, 2010 10:34am
Quoting pescador
If you need automation with IB BookTrader you could look into AmiBroker with IB feed.
Wow it looks really interesting thanks a lot ! I'm not a programmer and I've struggled with FxSpyder to do things that AmiBroker seems to do naturally... haha I'm almost ashamed. Have you used it personally ?
  • #23
  • Apr 3, 2010 10:50am Apr 3, 2010 10:50am
Quoting Intensity
Wow it looks really interesting thanks a lot ! I'm not a programmer and I've struggled with FxSpyder to do things that AmiBroker seems to do naturally... haha I'm almost ashamed. Have you used it personally ?
Yes, I have used their charting and like it a lot.
I also used it for backtesting, but not for automation, because I am more a manual, discretionary trader.
  • #24
  • Apr 3, 2010 10:59am Apr 3, 2010 10:59am
Quoting pescador
Yes, I have used their charting and like it a lot.
I also used it for backtesting, but not for automation, because I am more a manual, discretionary trader.
Thanks again !
Do you scalp?
  • #25
  • Apr 3, 2010 11:02am Apr 3, 2010 11:02am
Quoting Intensity
Do you scalp?
Is one of my strategies, and I like to do it a lot, but not the main one.
My main strategy is synthetic hedging.
  • #26
  • Apr 3, 2010 11:08am Apr 3, 2010 11:08am
Quoting pescador
Is one of my strategies, and I like to do it a lot, but not the main one.
My main strategy is synthetic hedging.
Haha I started trading using options, I lost many accounts that way and I'm kinda allergic today. How do that work out for you ? Is it more profitable than say, a carry trade ?
  • #27
  • Apr 3, 2010 11:18am Apr 3, 2010 11:18am
Quoting Intensity
Haha I started trading using options, I lost many accounts that way and I'm kinda allergic today. How do that work out for you ? Is it more profitable than say, a carry trade ?
I would say it depends on the way you do it.
For me it is way much more profitable and less risky than carry trades.
IB's platform is especially good for this kind of trading, because if you build a synthetic pair, you only pay margin once, exactly as if you had opened a normal position. And if you are fully hedged there will be no used margin at all.
But of course money is made during the times you create some kind of exposure...

Well, this is just the base... on top of it I like to scalp. Low frequency, high probability scalps.
Like this:
http://www.elitetrader.com/vb/showth...59#post2791359
  • #28
  • Apr 3, 2010 11:42am Apr 3, 2010 11:42am
Thanks for the info on hedging but it does seem quite complicated without a clear edge. You create one according to your exposure but it does seem completely different from normal trading. Writing a put & call option gives you the time premium but you need a giant account and I don't have that anymore


Yep, low frequency high probability scalps are very profitable, but because it's scalping (low timeframe) and low frequency, the screentime is too intensive for unless I automate the strategy on the 10 second charts and only Oanda/FxSpyder allowed that so far. I'll give AmiBroker a try but you didn't try to automate it
  • #29
  • Apr 3, 2010 4:56pm Apr 3, 2010 4:56pm
Quoting pescador
You seem to contradict your first post here, where you complain about the lag in MT4 charts.
Oanda charts may be lacking some important features, but generally they are much faster than MT4.
Oanda charts are quite usable in calmer market situations.
They become unreliable during news and exceptional volatility.
At all other times (ie. ca. 95% of the time) they are much better for scalping than MT4 charts.
So it is a good idea to use Oanda charts for scalping, but you have to know exactly, in which situations you have to avoid it. If...
No i dont.
when you use an MT4 broker like alpari, your quotes match the chart price all the time as they are the same - within the same MT4 application.

The reason there is a lag with ikon royal MT4 charts to the oanda prices, is because these are 2 different sets of prices from 2 brokers, who both came up with their quote using a different source/method.

The MT4 charts are substandard in many ways. Prices not updating with quotes, user unfriendly for drawing trendlines, S/R lines, custom indicators etc.
MT4 is highly user friendly, & best of all its free.

If oanda were to pay the small cost of making their datafeed available in MT4, they would be doing themselves & customers (current & prospective) a big favour. Oanda would not even need to allow full trade placement or autoexecution from within MT4, just let customers be able to see/make use of the oanda datafeed within MT4 for FREE.
  • #30
  • Apr 3, 2010 4:59pm Apr 3, 2010 4:59pm
Quoting jimbil
If oanda were to pay the small cost of making their daafeed available in MT4, they would be doing themselves & customers (current & prospective) a big favour. Oanda would not even need to allow full trade placement or autoexecution from within MT4, just let customers be able to see/make use of the oanda datafeed within MT4.
They will never do it : they would lose the $600 monthly fee they charge for their API.
  • #31
  • Apr 3, 2010 5:04pm Apr 3, 2010 5:04pm
Quoting Intensity
They will never do it : they would lose the $600 monthly fee they charge for their API.
For full autotrading yes.

I would guess oanda also make money from their arrangements with esignal & fxspyder.

Metatrader is the "universal" industry standard charting platform in forex. It is how it should be - free to use, user friendly, versatile & more than up to the job.
This is how it is - brokers like Oanda who do not sign up to Metatrader, & instead choose to offer false solutions such as subscription services through esignal & fxspyder, driven by their own greed, are the ones losing out.
  • #32
  • Apr 3, 2010 5:06pm Apr 3, 2010 5:06pm
Of course, but do you know another broker with EURUSD spread less than 1 pip and autotrading on 10 seconds chart or lower ?
  • #33
  • Apr 3, 2010 6:35pm Apr 3, 2010 6:35pm
I don't use MT4 (though I have tried and know it) and do not miss it at all.

Regarding speed; as long as one cannot drive the same feed through it one cannot really judge its speed.
As I told before, the lag mostly comes from the way of displaying (CPU and Memory intensive), ie. the way a charting software is written, and not from the feed itself.

This is the reason why there are so many sluggish charting packages out there, even if one pays for them.

If you want speed with a clean feed (proprietary, so cannot hook up with broker feed) for an affordable price go for ProRealTime.
They have better charting capabilities than MT4, are faster, easy to use, and cost only $50 per month.
Much less than the 600 for the Oanda API...

But they have no autotrading capability
  • #34
  • Apr 3, 2010 7:06pm Apr 3, 2010 7:06pm
Quoting pescador
I don't use MT4 (though I have tried and know it) and do not miss it at all.

Regarding speed; as long as one cannot drive the same feed through it one cannot really judge its speed.
As I told before, the lag mostly comes from the way of displaying (CPU and Memory intensive), ie. the way a charting software is written, and not from the feed itself.

This is the reason why there are so many sluggish charting packages out there, even if one pays for them.

If you want speed with a clean feed (proprietary, so cannot hook up with broker...
Speed is only an issue when using/combining 2 data sources in your setup.
If you are using chart data & tradeable prices from the same source, in MT4 at least, the price changes on the chart & the order ticket occur at the same split second, so they can be fast or slow compared to other sources, but as long as they remain the same as each other, it is ok to me the user/trader.
  • #35
  • Apr 4, 2010 8:32am Apr 4, 2010 8:32am
"Metatrader is the "universal" industry standard charting platform in forex. It is how it should be - free to use, user friendly, versatile & more than up to the job.
This is how it is - brokers like Oanda who do not sign up to Metatrader, & instead choose to offer false solutions such as subscription services through esignal & fxspyder, driven by their own greed, are the ones losing out."


Disagree here..... Its not free....just the charge being made to you is hidden in the spread
Its far from user friendly....Mt4 is mr clunky
Its not up to the job at all.......go use Ninjatrader Tradestation or any other pro interface and you will realize what a piece of crap Metatrader actually is.

Sorry
  • #36
  • Apr 4, 2010 9:00am Apr 4, 2010 9:00am
Quoting Rise
"Metatrader is the "universal" industry standard charting platform in forex. It is how it should be - free to use, user friendly, versatile & more than up to the job.
This is how it is - brokers like Oanda who do not sign up to Metatrader, & instead choose to offer false solutions such as subscription services through esignal & fxspyder, driven by their own greed, are the ones losing out."


Disagree here..... Its not free....just the charge being made to you is hidden in the spread
Its far from user friendly....Mt4 is mr clunky
Its not up to...
I very much agree here. MT4 is cr@p, and I am happy that my 3 favourite platforms: IB, Currenex and Oanda have nothing to do with it.
There are a lot much better charting packages out there.
Charting does not have to come from your broker.
  • #37
  • Apr 4, 2010 9:19am Apr 4, 2010 9:19am
The solution is: don't scalp.

But everyone thinks they can't outsmart and outquick the market until they finally realize ........... they can't.
  • #38
  • Apr 4, 2010 9:23am Apr 4, 2010 9:23am
Quoting SunTrader
The solution is: don't scalp.

But everyone thinks they can't outsmart and outquick the market until they finally realize ........... they can't.
I don't quite understand what this all has to do with scalping?
Maybe you want to say "do not scalp using lagging MT4 charts with Oanda execution", the thing that jimbil tries to do.
In this case I have to agree. There are much smarter options to do.
  • #39
  • Apr 4, 2010 1:36pm Apr 4, 2010 1:36pm
Quoting Rise
"Metatrader is the "universal" industry standard charting platform in forex. It is how it should be - free to use, user friendly, versatile & more than up to the job.
This is how it is - brokers like Oanda who do not sign up to Metatrader, & instead choose to offer false solutions such as subscription services through esignal & fxspyder, driven by their own greed, are the ones losing out."


Disagree here..... Its not free....just the charge being made to you is hidden in the spread
Its far from user friendly....Mt4 is mr clunky
Its not up...
Ive tried them both & NT is definately inferior to MT. TS is not much better & is not free so go do the math
  • #40
  • Edited Apr 5, 2010 8:12am Apr 4, 2010 1:38pm | Edited Apr 5, 2010 8:12am
Quoting pescador
I don't quite understand what this all has to do with scalping?
Maybe you want to say "do not scalp using lagging MT4 charts with Oanda execution", the thing that jimbil tries to do.
In this case I have to agree. There are much smarter options to do.

Ive already made clear several times i am not a scalper. Even when trading daily charts i still dont want lag, as regardless of timeframe i am trading in the moment.
0 traders viewing now