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  • #1,841
  • Jun 9, 2010 1:16pm Jun 9, 2010 1:16pm
How many problems with Oanda have you had Stratman? I ask because I have an account with them which is nearly 500% what it was when I opened it 18 months ago. I trade numerous methods with it so my activity profile is probably erratic compared to yours but I have a 76% win ratio with an average profit factor of 1.7, average trade time around 1.5 hours across 360 trades. I've not had a single problem with Oanda - not one - compared with 3 times I've had to shout at MBT.

I think it's safe to say Oanda have been poor at dealing with your problem but it does go to show how different peoples experiences can be.
  • #1,842
  • Jun 9, 2010 3:18pm Jun 9, 2010 3:18pm
Quoting Buildcity
Hi mate, check the manual, you got full description. Also watch Rob's video to into the DB (particular the Fractal section) then you know.
I didn't realize Rob had written an updated manual for the current DB. Sorry to bother him.

Thanks.

John
  • #1,843
  • Jun 9, 2010 4:11pm Jun 9, 2010 4:11pm
Hi Stratman,

I am sorry to hear about your issues with Oanda, but I do know they had a technical problem the same day (with FXTrade) , and with a large number of clients, it might take some time to look through everything.

I am using Oanda myself. After three years with Oanda, I have no issues with them, and I am aware of people that trade quite large bucks with them and are also satisfied.
So I thought that maybe 24 hours could be a short time to make a decision to change a broker.

Anyway, wish you good luck with the next one.

-PipFellas-
  • #1,844
  • Jun 9, 2010 6:13pm Jun 9, 2010 6:13pm
There is more to the problems I experienced with oanda that I haven't mentioned so it may appear that I was a bit hasty. I too have used oanda successfully for a long period of time with no issue until this week.

I allege and state 'without prejudice' that these things occurred:

Myself:

1) the previous day ... a day of no known issues for oanda customers .. I watched a trade with a stop that was set in profit go past my stop tick by tick to end up slipped by 10 pips against me. I could understand being 'slipped' if this was the difference between consecutive ticks .. but to watch it run past my stop and the loss mounting up with each tick is not expected.

2) I got stopped at a time in the log for a stop loss I set at a later time ie price was at least 10 pips from my stop when I was stopped.


A Friend in another trading room:

I found this out after mentioning my problem (2) in another trading room I am part of. My friend found that his trading platform would open trades on it's own. This happened on 3 occasions and one was a very exotic pair with a spread of 80 pips. Whenever he discussed this with the broker the reply was they were investigating. Almost a year has passed with no response ... he has given up asking.


Although my actions may seem hasty, I can't afford to put my money under this kind of risk.

It will be interesting to see if oanda respond .. if they do, how long it takes ... and what will their answer be
  • #1,845
  • Jun 9, 2010 6:16pm Jun 9, 2010 6:16pm
Here's some very interesting information you may want to know about spot vs futures ... the video is particularly good:

http://www.learningmarkets.com/Forex...-accounts.html


Here is something else you should know about spot and futures brokers
http://www.traderslog.com/forex-currency-futures/
  • #1,846
  • Jun 9, 2010 11:21pm Jun 9, 2010 11:21pm
I have only been using Oanda for about 4 weeks but from what I have seen it worries me.

On more than one occasion the system has gone down resulting in me being locked out of FXtrade with a trade running.

I have also seen a trade go straight past my stop loss and would only close when I moved the stop closer, meaning a bigger loss.

At the moment I am only practicing with a $100 account but it is enough to put me off.

After reading your experiences Stratman, I think I'm going to look elsewhere already.

IBFX have micro accounts I believe, any opinions on their service?
  • #1,847
  • Jun 9, 2010 11:28pm Jun 9, 2010 11:28pm
Quoting Ultimatus
I have only been using Oanda for about 4 weeks but from what I have seen it worries me.

On more than one occasion the system has gone down resulting in me being locked out of FXtrade with a trade running.

I have also seen a trade go straight past my stop loss and would only close when I moved the stop closer, meaning a bigger loss.

At the moment I am only practicing with a $100 account but it is enough to put me off.

After reading your experiences Stratman, I think I'm going to look elsewhere already.

IBFX have micro accounts I believe,...
For sharing,

IBFX is fine but the spread is usually higher than the others (I only trade EJ & GU though). Another problem I am facing now is the MT4 built 226, that one of my EA didn't work properly. While I switch back to other lower version, its fine. That's for share.
  • #1,848
  • Jun 10, 2010 2:09pm Jun 10, 2010 2:09pm
Quoting Ultimatus
I have only been using Oanda for about 4 weeks but from what I have seen it worries me.

On more than one occasion the system has gone down resulting in me being locked out of FXtrade with a trade running.

I have also seen a trade go straight past my stop loss and would only close when I moved the stop closer, meaning a bigger loss.

At the moment I am only practicing with a $100 account but it is enough to put me off.

After reading your experiences Stratman, I think I'm going to look elsewhere already.

IBFX have micro accounts I believe, any...

FYI, I've used Oanda, IBfx and dbFX for live accounts... all three experience system lock-ups, but Oanda has more frequent and longer system locks. I have no desire to ever use them again.

IBfx is good: pretty fast execution and great customer service.
  • #1,849
  • Jun 10, 2010 2:22pm Jun 10, 2010 2:22pm
My Oanda Funds withdrawl has been successful ie my money is now safely in my personal NZ bank account.

Still no response from oanda regards my issues
  • #1,850
  • Jun 10, 2010 8:07pm Jun 10, 2010 8:07pm
I have decided to go with dukascopy. They charge spread + commission but optimized for traders with $50K or more trading capital. I am going through the application process now.

I must point out that they are far more rigorous with application requirements than any broker I've had in the past. Hopefully this is a sign of professionalism on their part
  • #1,851
  • Jun 10, 2010 8:19pm Jun 10, 2010 8:19pm
Quoting stratman
I have decided to go with dukascopy. They charge spread + commission but optimized for traders with $50K or more trading capital. I am going through the application process now.

I must point out that they are far more rigorous with application requirements than any broker I've had in the past. Hopefully this is a sign of professionalism on their part
Oh......$50k for min. a/c opening is really huge for me............
  • #1,852
  • Jun 10, 2010 8:45pm Jun 10, 2010 8:45pm
I like to thank Jim for his SL-TF EA,s which is very helpfull when placing a trade.

My previous account was with FXCM(UK), and I realised that especially during US session, my MT4 was very sluggish to change between charts. Then on one trade my MT4 was 'offline' for 20 minites, luckly the price moved in my favour. I close the trade, and that also make me closed the account.

Probably we should have more than one broker, who know what may happen to that broker,s equipment or internet system!

Better to be safe than sorry!!!
  • #1,853
  • Jun 10, 2010 9:21pm Jun 10, 2010 9:21pm
I'm using Oanda since some time and in my opinion the are one af the best of the "bad" borkers.

If I had problems with execution, the issue was more on my side as I have a relative slow internet connection.

There are many traders I know which are since many years with Oanda and don't wanna change.

Anyhow you have to feel comfort with your borker to trade comfort, so if you think you need a change just change.
  • #1,854
  • Jun 10, 2010 9:28pm Jun 10, 2010 9:28pm
cheers Joe

Quoting cobraforex
I'm using Oanda since some time and in my opinion the are one af the best of the "bad" borkers.

If I had problems with execution, the issue was more on my side as I have a relative slow internet connection.

There are many traders I know which are since many years with Oanda and don't wanna change.

Anyhow you have to feel comfort with your borker to trade comfort, so if you think you need a change just change.
  • #1,855
  • Jun 10, 2010 9:29pm Jun 10, 2010 9:29pm
you can open an account with as little as $1000 USD. Just saying that the commission system is better for people with more than $50K equity

Quoting Buildcity
Oh......$50k for min. a/c opening is really huge for me............
  • #1,856
  • Jun 10, 2010 10:29pm Jun 10, 2010 10:29pm
Quoting stratman
you can open an account with as little as $1000 USD. Just saying that the commission system is better for people with more than $50K equity
Sorry Rob, mis-understand the meaning.
  • #1,857
  • Jun 11, 2010 4:18am Jun 11, 2010 4:18am
Quoting jimsforex
I put the sl+tp mgr on all my charts....

I get a fat green line for my TP and a red one for the SL....


Jim

1) Put 'StopLoss and TakeProfit Manager' in Expert folder.
2) 'SL-TP_move-by-Mouse' in Scripts folder.

You can put both EA and script on the chart at the same time, and when you place a trade, the Red SL and Green TP lines will appear a while later.

You can now move either one, by double click on that line, than drag and move up or down to any new value.

Enjoy.
  • #1,858
  • Jun 11, 2010 5:24am Jun 11, 2010 5:24am
Hi,

I've an EA, which can serve the purpose of both "SL & TP Manager" and "SL-TP move by mouse". For sharing. Of course, change the setting like 5 or 6 digits perference is necessary.

Hope Rob doesnt mind I interup his thread.

Happy trading
City


Quoting Star178
1) Put 'StopLoss and TakeProfit Manager' in Expert folder.
2) 'SL-TP_move-by-Mouse' in Scripts folder.

You can put both EA and script on the chart at the same time, and when you place a trade, the Red SL and Green TP lines will appear a while later.

You can now move either one, by double click on that line, than drag and move up or down to any new value.

Enjoy.
Attached File(s)
File Type: mq4 luktom visual order editor.mq4   14 KB | 483 downloads
  • #1,859
  • Jun 11, 2010 12:02pm Jun 11, 2010 12:02pm
Quoting stratman
Sorry this isn't working for Linux ... it needs to be bitmap for locating pixels correctly
Thanks for the reply - lets hope one day linux wine manages to port .fon fonts
  • #1,860
  • Jun 11, 2010 5:44pm Jun 11, 2010 5:44pm
Quoting Buildcity
Hi,

I've an EA, which can serve the purpose of both "SL & TP Manager" and "SL-TP move by mouse". For sharing....

City

Thanks City, for your 1 for 2 EA's.

It works fine, I had to set 'be' to false in order for it to perform the same!
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