Dislikedye OANDA are thieves because they allow you to profit from sunday gaps..like this week....LOL ...
OANDA IS FAR WAY BETTER THAN common crap multiplatform brokers...Ignored
changing Oanda fxTrade account username? 5 replies
Oanda prices frozen on FXTrade 4 replies
Weird quotes on Oanda FXTrade? 8 replies
DislikedI 'scalped' for years on their platform using another data feed as comparison and I would guess on average on every trade I lost a potential 2 pips of profit, at least. That equated to anywhere between 20 and 70% of my profit gone in 'Oanda Tax'. Sure, I made money, but that's not really the point.
I don't know what size you're trading but come back and report when you're scalping with some volume, you'll see a big difference in the execution of market orders (assuming you're nett profitable of course). Another thing you'll notice is slippage...Ignored
DislikedAnd that folks is the calibre of the average Oanda client....is it any wonderIgnored
DislikedI 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 endIgnored
DislikedExactly. And due to oanda sub standard charts, one has no choice but to use another brokers datafeeds/charts for comparison. This suits Oanda, as its doubly impossible to blame them for the "extra" spread you incur. they can just say - well you should be trading with our prices not comparing to X broker. Yes but i cant cos your charts are sh**e!!!
I too made healthy profits, but the hidden oanda slippage/lightening fast datafeed/slow server tax, does add up & frustrate one.Ignored
DislikedAnd let me guess, you're an "astute" trader always on the look out for a way to exploit flaws in brokers data feeds as it's much easier than having to actually trade?Ignored
DislikedYou guys really made me do an excel sheet about that. Data is from my custom frontend which logs all fills (including slippage info) to a db. Slippage is calculated as the difference between the displayed price on the screen and the fill price in the case of mkt orders. In the case of stops, targets and limits it compares its respective order price to the fill-price.
All trades were during euro/american session, size varies between 500K and 1M and 90% are trades in Eur/Usd. There are only 110 trades or so since i changed the db table layout recently...Ignored
And here he wrote that he last traded at Oanda 3 or 4 years agoIgnored
yes during the asian session or thin markets, your not getting .9 as much.....Ignored
Even with tenth of a pip fractional slips, oanda is great and hard to beat.Ignored
DislikedBottom line is Oanda rely on the inexperience and naiivity of novice traders for the bulk of their business...!Ignored