Is one more likely to get their trades filled at the desired price with an ECN or a company like OANDA?
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Up to over 50 transactions so far with Oanda this morning, all filled at my desired prices.
They only way you're going to find what works for you is to open accounts at each place and compare.
I used to use MB but found slippage to be a much bigger problem there, in addition to the commission eating away at my P & L. However that was back when the commish was at the higher rate.
Not slipped. My orders just aren't getting filled because of the spread. For example, let's say I'm waiting for the price to drop to 1.3400 and then go long. Very often the price will go down as far as 1.3393 and my order is still not triggered. Similar problems on take profits. This has happened to me several times in the last month.
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I know you said you aren't trading news, but was the experience you mentioned during news time?
I know you said you aren't trading news, but was the experience you mentioned during news time?
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One time yes, but several times no. I'm more of a long-term trader and don't neccessarily need "exact" entries to my limit trades. I just need the trades filled and I don't care if it is several pips from my desired price.
I'm just wondering if ECN's would execute these trades more reliably. I'll be researching that quite a bit in the next few weeks.
In my trading I don't rely on graphs and on order executions by the pip. Even tough I had a problem once with Oanda concerning a limit order.
The purpose of this thread was (is) to discuss the spreads. I'm not trying to be a moderator here, but if people want to discuss connection problems, and all sorts of problems (which are many) concerning brookers, you have all other threads to do so.
I still find hard to believe that people who trade forex on a daily basis, or even on a weekly basis, do so on a brooker who has a 2 pip on Eur/Usd, and I even find harder to believe when they argue that they do so because of graphs and so on. One to each own.
Now concerning the topic, this week I saw for the very first time Oanda doing 0,9 on Eur/Jpy!! That's a very very good spread. It lasted for a couple of hours in European morning.
Now concerning the topic, this week I saw for the very first time Oanda doing 0,9 on Eur/Jpy!! That's a very very good spread. It lasted for a couple of hours in European morning.
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Yep I'm sticking with Oanda and I only trade Eur/Usd and Eur/Jpy. I made some incursions into the Gbp/Usd and other minor pairs but they weren't as successful as the 2 main pairs.
HI Guys.
I dont care how the marketmaker manages risk as long as they give me the best execution and tightest spreads.
Stop all this speculation about broker conflict of interest....just for your interest i know of a trader who places far larger trades than any of us ever will and has been profitable for over a decade......taking many hundreds of thousands of dollars out of the market every year.
Know what....he trades with a market maker broker who has rewarded his high volume with tigter spreads than the regular offering......tighter than spreads...
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100 % agree - at the end of the day, you will lose your money if you lose and will always receive your money if you win, no matter if it's an ECN or a MM. Therefore, it's irrelevant if you trade with ECN or MM, the outcome will be the same in both cases.
In my trading I don't rely on graphs and on order executions by the pip. Even tough I had a problem once with Oanda concerning a limit order.
The purpose of this thread was (is) to discuss the spreads. I'm not trying to be a moderator here, but if people want to discuss connection problems, and all sorts of problems (which are many) concerning brookers, you have all other threads to do so.
I still find hard to believe that people who trade forex on a daily basis, or even on a weekly basis, do so on a brooker who has a 2 pip on Eur/Usd, and...
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Many people just cant understand simple english, I had mentioned that the purpose of this thread is to discuss the transaction cost, but still many people wanna to talk about other problems. I so fed up therefore i did not continue on the discussion.
You know, sometimes people just dont understand how far the spread skew the odd away from them. Many systems just failed because the edge given by the system fails to beat spreads! That's why the reverse trade of unprofitable system (Sell instead of buy, vice versa) still cant make money!
Spread is our major business cost, and the rules of thumb of making money in any business is keep your business cost as low as possible!
Wow 0,9pips! I didnt even notice for that. Thanks for the notifications. I hope they do the same on sterling pair too. I would damn excited if they can lower just another 0,5pips on cable!
What's more, a 0.9 pip spread with a 1:50 leverage gives you a 0.5% loss on any initial position.
A 2 pip spread with a 1:200 leverage gives you an automatic 4% loss on any initial position...
No matter how you put it, Oanda looks to be the best for anyone concerned about making money. Gamblers will be attracted by bling-bling charts, serious traders by the numbers.
What's more, a 0.9 pip spread with a 1:50 leverage gives you a 0.5% loss on any initial position.
A 2 pip spread with a 1:200 leverage gives you an automatic 4% loss on any initial position...
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I believe I know what you're trying to say but how you've said it makes some very vague and misleading assumptions.
You're assuming that leverage and risk are one in the same. I can have 50:1 leverage and a $50,000 balance and still trade 1 micro lot as my initial position OR I can trade 10 standard lots. My risk is way different in each trade but the leverage never changed. The only thing that changed is the amount of risk I chose to take.
I believe I know what you're trying to say but how you've said it makes some very vague and misleading assumptions.
You're assuming that leverage and risk are one in the same. I can have 50:1 leverage and a $50,000 balance and still trade 1 micro lot as my initial position OR I can trade 10 standard lots. My risk is way different in each trade but the leverage never changed. The only thing that changed is the amount of risk I chose to take.
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It looks like my initial message wasn't clear.
The loss I was talking about is relative to the position, not the account size.
Ie, one trade.
1 EURUSD lot traded with Oanda = 0.5 % initial loss that you have to win back on the trade.
1 EURUSD lot traded with a typical broker = 4 % initial loss that you have to win back on the trade.
The % is relative to the current trade, not your account.
It looks like my initial message wasn't clear.
The loss I was talking about is relative to the position, not the account size.
Ie, one trade.
1 EURUSD lot traded with Oanda = 0.5 % initial loss that you have to win back on the trade.
1 EURUSD lot traded with a typical broker = 4 % initial loss that you have to win back on the trade.
The % is relative to the current trade, not your account.
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I don't see how this has anything to do with account leverage?
Can you explain it using a formula with a 50,000 lot trade ($5 per pip).
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Joined Jul 2006
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Status: Never Give Up!
|257 Posts
Some of my friends informed me that IG Markets also has almost same spread with Oanda, but I can't verify this information either true or not as I never used it before. I'm trying to register demo account with them today, but failed.
Maybe can read more comments and advices about them from other traders.
Which MM or ECN brokers can beat Oanda Spread?
