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I think Oanda FXTrade is unreliable

  • #261
  • Edited 9:48am May 17, 2010 8:29am | Edited 9:48am
Quoting pescador
What an impotent loser you are!!!
I suggest next time you WRITE YOUR LIES IN RED, BOLD, CAPITAL LETTERS. THEY WILL MAKE THEM MORE TRUE..
Another oanda rep?

I think the OP has the right to, & it is a good idea, to make their posts easily recognisable.
  • #262
  • May 17, 2010 8:36am May 17, 2010 8:36am
Quoting Xaron
The reasons are simple: I did not have those issues yet.
That does not make what i experienced & report here - untrue, does it?
  • #263
  • May 17, 2010 8:43am May 17, 2010 8:43am
Quoting jimbil
That does not make what i experienced & report here - untrue, does it?
Nor does it make it true.
  • #264
  • May 17, 2010 8:45am May 17, 2010 8:45am
Quoting jimbil

Oandas own crappy charts, lag their ticket prices all the time. Sometimes by seconds!!!!
Crikey, is that problem still going on!

I don't use Oanda's charts as I prefer MT4's charts but last time I used them about 3 or 4 years ago they had the same 'sync' problems, and also lagging quotes in the quote panel vs ticket prices.

The whole platform is somewhat buggy, they keep patching it up and adding new little trinkets when what it really needs is a major overhaul in my opinion!

I think the best addition they ever made was one-click, that works quite well, oh and FXManager......but that's also full of bugs!
  • #265
  • May 17, 2010 8:50am May 17, 2010 8:50am
Quoting pescador

What an impotent loser you are!!!
What an inane comment! Why is he a 'loser' just because he's relating his own personal experiences of trading at Oanda?
  • #266
  • May 17, 2010 8:54am May 17, 2010 8:54am
Quoting pipmutt
What an inane comment! Why is he a 'loser' just because he's relating his own personal experiences of trading at Oanda?
You're not too good at spotting patterns.
  • #267
  • May 17, 2010 8:55am May 17, 2010 8:55am
Quoting jimbil
Another oanda rep?
No. Oanda is not even my main broker.
I prefer to trade with IB, but Oanda is a decent backup solution for me.
  • #268
  • May 17, 2010 9:01am May 17, 2010 9:01am
Quoting Xaron
The reasons are simple: I did not have those issues yet.
Same here.
FxPro, AvaFx, GFT Forex and WHS Self Invest are part of the brokers I used that can not even compare to Oanda.
  • #269
  • May 17, 2010 9:14am May 17, 2010 9:14am
O oh!

Quoting MuddBuddha
I've been with Oanda for years, since 2005. I've used MT4 for charting, but realized that even the best MT4 methods can be duplicated on Oanda using standard indicators.

I wouldn't trade anywhere else. They're finanacially the strongest broker, and during the "flash crash" their platform was rock solid while most brokers had bad slippage and outages. They even disabled the gaming platform to conserve bandwidth for the real money accounts!
  • #270
  • May 17, 2010 9:17am May 17, 2010 9:17am
Quoting bugscoe
Nor does it make it true.
It certainly makes it true to my own experience & that of others posting similar reports here. I just dont get your motives for fiercely denying & trying to discredit everything we are saying.
  • #271
  • May 17, 2010 9:19am May 17, 2010 9:19am
Quoting jimbil
It certainly makes it true to my own experience & that of others posting similar reports here. I just dont get your motives for fiercely denying & trying to discredit everything we are saying.
Why do you think that everyone has a hidden motive ? Are you a marxist of some sort ?
  • #272
  • Edited 9:46am May 17, 2010 9:22am | Edited 9:46am
Quoting pipmutt
Crikey, is that problem still going on!

I don't use Oanda's charts as I prefer MT4's charts but last time I used them about 3 or 4 years ago they had the same 'sync' problems, and also lagging quotes in the quote panel vs ticket prices.

The whole platform is somewhat buggy, they keep patching it up and adding new little trinkets when what it really needs is a major overhaul in my opinion!

I think the best addition they ever made was one-click, that works quite well, oh and FXManager......but that's also full of bugs!
Exactly.
so what choice is the oanda client left with, other than to use chart data from another source. Data that is not oandas, and that will typically be lagging oandas .

Oanda has certainly ensured they have the quickest prices. No mistakes their! I wonder why ?

Yet their own charts lag, & most other brokers prices lag oandas super quick prices. This all works to enhance oandas profits & clip the profits or increase the losses of oanda clients.

Oanda basically dont want to be accountable for what their ;rice was in any given moment. Hence the substandard charts that have existed for 7+ years, that force a client to look elsewhere for adequate charting - but likely means using data that is NOT oandas .
  • #273
  • May 17, 2010 9:26am May 17, 2010 9:26am
Quoting Intensity
Why do you think that everyone has a hidden motive ? Are you a marxist of some sort ?
I suspect only those who fiercely deny what info i am offering to this community, & seek to discredit what i say.

I dont understand this misplaced loyalty to the broker, who you will defend at all costs.
  • #274
  • May 17, 2010 9:28am May 17, 2010 9:28am
Quoting jimbil
It certainly makes it true to my own experience & that of others posting similar reports here. I just dont get your motives for fiercely denying everything that i am saying.
The real question is what your motives are?

I've got a great idea for you- how about you post your trading activity for today from the great and awesome broker you trade with? Ya know, the one where you're making all your riches back that Oanda stole from you!?

Show us how much better it can be if we were to join you. That is typically how you convince people that you're on to something...present a problem and offer a solution. If you can't offer a solution with any factual proof, you just go down as another 95 percenter looking for someone/thing to blame.
  • #275
  • May 17, 2010 9:40am May 17, 2010 9:40am
Quoting jimbil
I suspect only those who fiercely deny what info i am offering to this community, & seek to discredit what i say.

I dont understand this misplaced loyalty to the broker, who you will defend at all costs.
I don't have any particular loyalty to Oanda but they never burned me in 3 years while other brokers ran me over again and again.
  • #276
  • May 17, 2010 9:48am May 17, 2010 9:48am
been with oanda for 3 yrs now? 2-3 anyhow.

They work great for me, if your crying about a couple of pips on the spread either way then your not trading properly.

Sure it's nice to have the couple of extra pips here and there...but if it's making or breaking you I'm not sure what your doing with your trades.

I can't remember the last disconnect with oanda, I leave my station up 24/5.

Sure they widen their spreads on news, but it's always predictable, and you still can get in and out of a trade if you need to.

Anyway, I'm not coming back to this thread, I was just throwing some support to a company I feel is solid and absolutely above board.
  • #277
  • May 17, 2010 9:51am May 17, 2010 9:51am
Quoting jimbil

I dont understand this misplaced loyalty to the broker, who you will defend at all costs.
It seems some people just haven't noticed things which are blatantly obvious to others, they live in their own little utopia and heaven help anyone who dares to suggest the realities, it would burst their bubble!

I exploited Oanda's platform for a number of years once I realized what they were doing, as did several other astute traders I know. Unfortunately all good things must come to an end.......sigh, those were the good old days!
  • #278
  • May 17, 2010 9:52am May 17, 2010 9:52am
Quoting Fishtank
been with oanda for 3 yrs now? 2-3 anyhow.

They work great for me, if your crying about a couple of pips on the spread either way then your not trading properly.

Sure it's nice to have the couple of extra pips here and there...but if it's making or breaking you I'm not sure what your doing with your trades.

I can't remember the last disconnect with oanda, I leave my station up 24/5.

Sure they widen their spreads on news, but it's always predictable, and you still can get in and out of a trade if you need to.

Anyway, I'm not coming back...
When the spread is meant to be 0.9 pips, i do not think it is acceptable for the REAL (fill price) spread to work out 50% more, let alone 100-200+% more.

I am not talking about news times. I accept the oanda spread widens around news. Other brokers would just keep their spreads the same on news but likely requote you. I do not trade news for both these reasons. However, i often stay in a trade through a news release, if i am in it already.
  • #279
  • May 17, 2010 10:03am May 17, 2010 10:03am
Quoting jimbil
When the spread is meant to be 0.9 pips, i do not think it is acceptable for the REAL (fill price) spread to work out 50% more, let alone 100-200+% more.

I am not talking about news times. I accept the oanda spread widens around news. Other brokers would just keep their spreads the same on news but likely requote you. I do not trade news for both these reasons. However, i often stay in a trade through a news release, if i am in it already.

Alright I'll come back once since your so quick...

Mountain -> molehill.

100% 500% big number's to describe what can be .5 of a pip. Maybe more, which I've never experienced, but hey, maybe you live somewhere with a garbage connection and your price hit's their servers late.

Having said that you do what you want, those .5 pips might really add up for you and that's cool. Your trading conditions might make Oanda unfavorable for YOU...however you can't discredit the people who are using them for an extended period of time and can vouch for their platform.

Again, they have been extremely reliable and predictable in my time with them.
  • #280
  • May 17, 2010 10:04am May 17, 2010 10:04am
Quoting pipmutt
I exploited Oanda's platform for a number of years once I realized what they were doing, as did several other astute traders I know. Unfortunately all good things must come to an end.......sigh, those were the good old days!
Agh...now we're getting somewhere.

You're a trader who needs flaws in the brokers platform to be profitable.

And now that Oanda corrected those flaws, you blame your lack of success with Oanda on the flaws of their plaform. Brilliant!

You would make a great politician.
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