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Oanda's quick pricing

  • #41
  • Apr 6, 2010 10:09am Apr 6, 2010 10:09am
Quoting jimbil
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.
I use Oanda and their charts in addition to eSignal. 100-200 transactions a day. I really find it hard to understand how you cannot figure out how to overcome your problem. Especially since you're not a scalper.

My eSignal feed has a very, very minor lag compared to Oanda's charts. Sometimes it is lock step with Oanda depending on broker feed. If there is a lag, it does nothing to deter my trading every day for the obvious reasons.
  • #42
  • Apr 6, 2010 10:16am Apr 6, 2010 10:16am
Quoting bugscoe
I use Oanda and their charts in addition to eSignal. 100-200 transactions a day. I really find it hard to understand how you cannot figure out how to overcome your problem. Especially since you're not a scalper.

My eSignal feed has a very, very minor lag compared to Oanda's charts. Sometimes it is lock step with Oanda depending on broker feed. If there is a lag, it does nothing to deter my trading every day for the obvious reasons.

What obvious reasons? your number of daily trades?
  • #43
  • Apr 6, 2010 10:35am Apr 6, 2010 10:35am
Quoting jimbil
What obvious reasons? your number of daily trades?
Price. You don't need charts to tell you where price is at. Especially if you're a long term trader, you should know well in advance of where you wish to enter and exit trades. Lag should be of no concern from a charting perspective. If you're experiencing lag with your order entry data feed, then that is a problem!

Charts are nothing more than a visual map.
  • #44
  • Apr 6, 2010 10:47am Apr 6, 2010 10:47am
Quoting bugscoe
Price. You don't need charts to tell you where price is at. Especially if you're a long term trader, you should know well in advance of where you wish to enter and exit trades. Lag should be of no concern from a charting perspective. If you're experiencing lag with your order entry data feed, then that is a problem!

Charts are nothing more than a visual map.
I very much agree with this. Charts help to anticipate (but not to preview!!!) movements, and entry data feed gives confirmation and shows momentum.
This is one of the reasons I love BookTrader (DOM)
  • #45
  • Apr 8, 2010 3:30am Apr 8, 2010 3:30am
I am a newbie, I've been demo trading on Oanda, IBFX, and micro with FXCM and I've found Oanda to be by FAR the slowest pricing of the three.

By pricing do you mean the ticker data feed? I watch IBFX and FXCM go up or down three times as much as Oanda, if there is a big ten pip dump or rally on FXCM or IBFX it usually takes 10-15 seconds for it to show on Oanda, and that is not exaggerating. I believe that is coined, slippage, yes? Is live trading on Oanda anything like their demo? Because the performance of their demo has pretty much sold me on never using them as a brokerage. And it is a shame because I don't mind their Java platform. And I like their variable lot size and five sec charts.

I only use Oanda for the 5 second charts to help me determine market velocity but they are so slow lately. Then again they've been having issues with FXGame, so maybe that is the problem.
Thank you Lux!
  • #46
  • Apr 8, 2010 5:26am Apr 8, 2010 5:26am
why so many of you seem wrapped up in 5sec 10sec, 1min,5min,15min,30min charts is beyond me. This really is futile.

Anything lower than H1 is pretty much just noise. All the big boy bankers use nothing below H1. I know that to be a fact.
  • #47
  • Apr 8, 2010 6:05am Apr 8, 2010 6:05am
Quoting jimbil
why so many of you seem wrapped up in 5sec 10sec, 1min,5min,15min,30min charts is beyond me. This really is futile.

Anything lower than H1 is pretty much just noise. All the big boy bankers use nothing below H1. I know that to be a fact.
Depends on one's own strategy. All strategies and all Tfs are justified, if the trader makes (is able to make) it work.
  • #48
  • Edited 7:14am Apr 8, 2010 6:41am | Edited 7:14am
Quoting pescador
Depends on one's own strategy. All strategies and all Tfs are justified, if the trader makes (is able to make) it work.
True.

But i started with m5, then m15, then m30, then h1, h2, & now h4.

I now laugh at what i had & thought to be a good plan on M30 a little over a year ago. it seems so over complex, with too much info on the chart to digest.
I now use h4 & still use the same size stops as i did on m15. I could also do the same on a daily chart as what i do on h4. But it has taken time & commitment to evolve to my level of expertise. Everyone has to start somewhere.
  • #49
  • Apr 8, 2010 7:03am Apr 8, 2010 7:03am
Oanda is down..i cant login for last few hours.

I have missed all good set ups in G/U and E/U.
  • #50
  • Apr 8, 2010 7:14am Apr 8, 2010 7:14am
Quoting pescador
Depends on one's own strategy. All strategies and all Tfs are justified, if the trader makes (is able to make) it work.
Bingo.
  • #51
  • Apr 8, 2010 7:18am Apr 8, 2010 7:18am
Well after a couple of days demoing various mt4 platforms, i have found 2 that do the job of leading as oppsed to lagging oanda. I didnt really need this extra edge, it just adds the finishing touches to my already strong trading strategy setup, providing me with that little extra assurance & performance.

Thanks for all the input.
  • #52
  • Apr 8, 2010 9:31am Apr 8, 2010 9:31am
Yeah the lag definitely cannot benefit Oanda if you're charting somewhere else as well. In fact in theory it is detrimental to Oanda. Since in many cases
you're getting to see where their price will move before it moves there. But maybe that is only in FXGame.

Yeah, sucks that FXGame is down. missed that big GBPUSD move I had set up for in FXGame. :-(. Got DCed as I was submitting my order.
Thank you Lux!
  • #53
  • Apr 8, 2010 9:42am Apr 8, 2010 9:42am
You guys can open a live account with Oanda for as little as a $1 I think.
  • #54
  • Apr 9, 2010 12:55am Apr 9, 2010 12:55am
"why so many of you seem wrapped up in 5sec 10sec, 1min,5min,15min,30min charts is beyond me. This really is futile.

Anything lower than H1 is pretty much just noise. All the big boy bankers use nothing below H1. I know that to be a fact."

Wrong again....you really should stop posting on here until you know something.

and by the way.....you are not a big boy banker....you should not try to trade like one !
  • #55
  • Apr 10, 2010 6:52am Apr 10, 2010 6:52am
Quoting ScalpOrDie
I am a newbie, I've been demo trading on Oanda, IBFX, and micro with FXCM and I've found Oanda to be by FAR the slowest pricing of the three.

By pricing do you mean the ticker data feed? I watch IBFX and FXCM go up or down three times as much as Oanda, if there is a big ten pip dump or rally on FXCM or IBFX it usually takes 10-15 seconds for it to show on Oanda, and that is not exaggerating. I believe that is coined, slippage, yes? Is live trading on Oanda anything like their demo? Because the performance of their demo has pretty much sold me...
I also have a FXCM and Oanda demo and notice Oanda has a slight delay at times and their platform drops like a rock on almost all news . FXCM has more functionability but whats with the charts " update " feature ?? I had orders set and filled while the chart ran during the day , got filled and when I " updated " the charts price was no where near that level . Maybe I missed something but if I did I cant understand or trust a 10 pip difference refreshing a chart .
  • #56
  • Apr 14, 2010 8:43am Apr 14, 2010 8:43am
Quoting Rise
"why so many of you seem wrapped up in 5sec 10sec, 1min,5min,15min,30min charts is beyond me. This really is futile.

Anything lower than H1 is pretty much just noise. All the big boy bankers use nothing below H1. I know that to be a fact."

Wrong again....you really should stop posting on here until you know something.

and by the way.....you are not a big boy banker....you should not try to trade like one !
I can see where you're coming from.
Its not nice when someone exposes the fact that your preferred chosen method is way off the pace, somewhat resembling p***ing into the wind!

I used to think all the answers lie in a 1min or 5min chart. A couple of years hard work, has provided me with enough info to prove otherwise -the fact that the real action is on the higher timeframes like H4.

But dont just say - you're wrong! - just because you dont like the answer someone has given you, as it contradicts your entire flimsy belief system - and if what they say is true - means that your current modus operandi is somewhat futile.

Anyway, I will let you get back to your preferred 5sec or 1 min or 5 min or 15min chart - & probably your MACDs RSI & SMA's & demo account - safe in the knowledge that you are well & truly making ultra hard work of trading, & you are way short of maximising profits that the ebbs & flows of the market affords to real trader like me!
  • #57
  • Apr 14, 2010 9:46am Apr 14, 2010 9:46am
Jimbil, when you started posting on ForexFactory, you loved 10-tick charts. What made you change your mind ?
  • #58
  • Last Post: Apr 14, 2010 1:30pm Apr 14, 2010 1:30pm
Quoting jimbil
I can see where you're coming from.
Its not nice when someone exposes the fact that your preferred chosen method is way off the pace, somewhat resembling p***ing into the wind!

I used to think all the answers lie in a 1min or 5min chart. A couple of years hard work, has provided me with enough info to prove otherwise -the fact that the real action is on the higher timeframes like H4.

But dont just say - you're wrong! - just because you dont like the answer someone has given you, as it contradicts your entire flimsy belief system - and...
15? Maybe 16-17?
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