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  • #1,421
  • Dec 29, 2010 8:49am Dec 29, 2010 8:49am
Quoting bugscoe
Quoting Adilius07
http://cdn.forexfactory.com/images/s...m/big_grin.gif oh man... what is your interest in Oanda?

FYI, some high-level institutional platforms (such as currenex) are web-based Java platforms as well.

What a BS http://cdn.forexfactory.com/images/s...m/big_grin.gif

Enough.
Everyday on this site there is a new level of ignorance on display.

You look pretty all dressed up in it.
Pretty much.

Quoting georgem
Oanda has to this day not explained what the reason was for this major disconnect.

It is important that stuff like that is made public.
Exactly.

My theory (and this is just a theory) regarding news-time disconnections is that they're deliberate countermeasures implemented only during times of highest risk/exposure (for the bröker); just like widening the spreads, except that this one they don't mention in the open. It's like a "push in case of emergency" red button for those times when widening the spreads alone isn't enough.

I don't believe such disconnections are simply caused by technical issues.

That said, I don't experience them as much as some of the guys here seem to.
  • #1,422
  • Dec 29, 2010 9:35am Dec 29, 2010 9:35am
Quoting PoundTrader
one thing you gotta love about oanda is how they said they was against lowering leverage and as soon as the new rule took affect on the max leverage of 50:1 they sarted advertising, this firm use to rely on word of mouth and good reputaction, now it's a level playing field for them, remember they would not up there leverage, while other brokers had higher leverage they was getting the business so it won't surprise me if they push for this new bill. good marketing gotta give them credit.
Oanda is against lowering leverage to 10:1 ...
  • #1,423
  • Dec 29, 2010 9:36am Dec 29, 2010 9:36am
Quoting Marv
Exactly.

My theory (and this is just a theory) regarding news-time disconnections is that they're deliberate countermeasures implemented only during times of highest risk/exposure (for the bröker); just like widening the spreads, except that this one they don't mention in the open. It's like a "push in case of emergency" red button for those times when widening the spreads alone isn't enough.

I don't believe such disconnections are simply caused by technical issues.

That said, I don't experience them as much as some of the...

OK, my theory ranges between

a) what you said

b) Denial of Service Attacks by another interest group.

c) a mix of a) und b)
this pig cannot be slaughtered for ever... or can it?
  • #1,424
  • Dec 29, 2010 9:39am Dec 29, 2010 9:39am
Quoting Marv

Imho, MT4 is mostly for noobs.
Agree
  • #1,425
  • Dec 29, 2010 9:40am Dec 29, 2010 9:40am
Quoting tar
Oanda is against lowering leverage to 10:1 ...
What I find really funny is that oanda doesnt allow a leverage of 1:1 or at least lower than 10:1

Not that I would need it. Not now, but the bigger the amount, the more I would want to trade with virtually NO LEVERAGE at all.

hm... makes me speculate again.... why... what is the reasoning behind that...
this pig cannot be slaughtered for ever... or can it?
  • #1,426
  • Dec 29, 2010 9:53am Dec 29, 2010 9:53am
Quoting georgem
What I find really funny is that oanda doesnt allow a leverage of 1:1 or at least lower than 10:1
Not that I would need it. Not now, but the bigger the amount, the more I would want to trade with virtually NO LEVERAGE at all.
hm... makes me speculate again.... why... what is the reasoning behind that...
by forcing you to use leverage at least 10:1, isn't that forced borrowing? if your equity is $100,000 and you take a position valued $1,000,000 (10:1), your broker lends you that $900,000 and earns interest?
  • #1,427
  • Dec 29, 2010 10:09am Dec 29, 2010 10:09am
Quoting bstay2
by forcing you to use leverage at least 10:1, isn't that forced borrowing? if your equity is $100,000 and you take a position valued $1,000,000 (10:1), your broker lends you that $900,000 and earns interest?
retail forex broker has a line of credit and also a large deposit with there prime brokers/banks they too are on leverage / borrow time with there prime brokers
  • #1,428
  • Dec 29, 2010 10:10am Dec 29, 2010 10:10am
Quoting georgem
What I find really funny is that oanda doesnt allow a leverage of 1:1 or at least lower than 10:1

Not that I would need it. Not now, but the bigger the amount, the more I would want to trade with virtually NO LEVERAGE at all.

hm... makes me speculate again.... why... what is the reasoning behind that...
It is simple , if u have 100k on your account dont take positions bigger than 100k ...
  • #1,429
  • Dec 29, 2010 6:08pm Dec 29, 2010 6:08pm
Quoting Adilius07
You must be joking calling Oanda a solid platform. It is out at least for 1 hour everyday. A Platform just don't exist it is a web application which would not log you in MOST of the time.

Imho, it is just silly even to put it in one line with MT4.

Agree there two advantages 1) Deposit any amount 2) Trade any size
For this reason many traders sacrice absence of a pltaform as such..
Is this the live based or demo based. From previous post written by you it would seem that you would be basing this info off the demo as you where 'searching or in the process of going live' with Oanda. If this is the case then I will back up Oanda. I have been with them for well over 18 months, probably close to 2 years and I have not once had a problem with the platform locking up or being able to connect to it. This might be due to the time I trade being London. Also add to the benefits list spreads of .9 for EUR and USD pairs. This beats 95% if the competition. I have never had a problem getting the price I wanted, while that no major feat considering I dont trade 50 standard lots, considerable less, I have had problems with others like GFT with getting price when I want it and that is outside of news releases.

At the end of the day no broker/platform provider gives you the best attention to a demo platform regardless of there size. They do not gain a great deal by doing so, unless there demo is completely crap therefore they fail to roll over demo clients to live, that being said I know more than enough people here who are prepared to throw live money regardless of how well they perform on demo.

Over and out

RT
  • #1,430
  • Dec 29, 2010 6:15pm Dec 29, 2010 6:15pm
Quoting georgem
What I find really funny is that oanda doesnt allow a leverage of 1:1 or at least lower than 10:1

Not that I would need it. Not now, but the bigger the amount, the more I would want to trade with virtually NO LEVERAGE at all.

hm... makes me speculate again.... why... what is the reasoning behind that...
Then you simply need to understand the mathmatics behind it. You could take your 50:1 basis leverage and trade it like 1:1. All it means is the amount of margin put away on the platform will not match what you have calculated. If after the trade is executed you decided to add more (increasing your leverage) then that is a discipline issue. Just because the broker offers more leverage doesnt mean you need to take it. If you have 100K and you only want to leverage yourself at 1:1 then a standard position will do that, just dont add to it.

RT
  • #1,431
  • Edited 1:50am Dec 30, 2010 1:36am | Edited 1:50am
Quoting PoundTrader
retail forex broker has a line of credit and also a large deposit with there prime brokers/banks they too are on leverage / borrow time with there prime brokers

Unreal how people still don't understand how a MM operates....

Oanda does not have to have any "leverage" agreement with their banks because they never ...or should I say very rarely need them.

Lets say that Oanda's deposit in their bank accounts is 100 million. This is the sum of all "cold cash" that their clients (big and small) have in their individual accounts. That total will change hands on profit or losses taken but it stays pretty much stable and I'm using this number just as a example.

Each client will use some kind of leverage from 10 to 50:1 right? So as people start to use part of their accounts to open positions, taking losses, profits etc Oandas account (because of leverage) is no longer 100 million but inflates to 500 or 800.

Does Oanda have to do something about it?

No...off course not, because the new ballooned account only exists on Oandas servers nowhere else.

Since the accounts that work in profit are overwhelmed by accounts in losses, when positions are squared there is always money to pay the spread, rollover and the winners. This is actually a little more complicated because Oanda is the buyer for the sellers and seller for the buyers in order to keep liquidity, but this goes beyond what we are discussing now.

Their "real" accounts with their banks is always there and it virtually does not change. The 100 million will oscillate slightly due to withdrawal and deposits, thats it.

Now their "virtual" account in their servers experience more volatility but it has quite a few tiers of protections. Powerful algorithms keep the accounting tight, and I heard some "rumors" that even 0.7% of unbalance will trigger the first tier defense that is platform instability.

Did you aver notice here in the Oanda forum how some people are affected by
platform issues while others don't?

Thats the algos doing their housekeeping.

I would say that once in a while (2007 ) things get a little out of control and they have to temporarily tap liquidity outside the bucket but that is one in a lifetime occasion. Coincidently if I'm not mistaking it was around that time that Oanda reported some losses in their supposed "investment" account.

I would say that they lost some money hedging the overflow and shifted their losses to a alleged "investment" branch.....but I can't say it for sure.

Well anyways sorry folks for shattering your illusions about your money out there in the real interbank market!
  • #1,432
  • Dec 30, 2010 1:50am Dec 30, 2010 1:50am
Quoting Razor_trader
Then you simply need to understand the mathmatics behind it. You could take your 50:1 basis leverage and trade it like 1:1. All it means is the amount of margin put away on the platform will not match what you have calculated. If after the trade is executed you decided to add more (increasing your leverage) then that is a discipline issue. Just because the broker offers more leverage doesnt mean you need to take it. If you have 100K and you only want to leverage yourself at 1:1 then a standard position will do that, just dont add to it.

RT
I understand what you say, other people have discussed the "relative effect" of leverage alot of times here in this forum.

There are people out there who prefer to not be margin trading. Those are the people that want a leverage of 1:1
this pig cannot be slaughtered for ever... or can it?
  • #1,433
  • Dec 30, 2010 2:17am Dec 30, 2010 2:17am
Quoting Platypus
Did you aver notice here in the Oanda forum how some people are affected by platform issues while others don't?

Thats the algos doing their housekeeping.
fool me once...shame on...shame on me...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,434
  • Dec 30, 2010 2:24am Dec 30, 2010 2:24am
Quoting Platypus
Unreal how people still don't understand how a MM operates....

Oanda does not have to...
oanda is for small time traders, well most retail forex brokers are, the market is shifting to STP OR ECN kind of brokers.
  • #1,435
  • Dec 30, 2010 2:33am Dec 30, 2010 2:33am
Quoting Platypus
Now their "virtual" account in their servers experience more volatility but it has quite a few tiers of protections. Powerful algorithms keep the accounting tight, and I heard some "rumors" that even 0.7% of unbalance will trigger the first tier defense that is platform instability.

Did you aver notice here in the Oanda forum how some people are affected by
platform issues while others don't?

Thats the algos doing their housekeeping.
I have thought about similar theories myself. Its never good to use one rumour to proof another rumour... but here is the problem I see:

If the master algos at oanda really have the disconnecting of accounts as a policy to bring stability then I would argue this makes things only more unstable.

I am sure all people that report disconnects with oanda are people that trade full-time. If you are trading with oanda for years and experienced no disconnect till now, then you must be trading like 5 minutes a day, and not news.

I dont understand how it brings more stability to the system to disconnect people! I imagine that all the people once they are connected again and start to violently adjust their open trades make the overall system much more unstable. Plus: disconnected people tend to close their accounts and leave oanda???

oanda should widen their spread and widen their slippage time to control their risk. And all of that they do. Now you say the disconnecting of "some people" is the third thing they do?

Wouldnt it be obvious for oanda to have some exposure in the real market as the third thing to stabilizie their (and their customers ) exposure? Something like the third last try!
And isnt it just possible that their system-servers just go wild during news times, because it is somehow based on the processing of every single tick, and during news you get like 100x times more ticks to process?

Could be that there is a disconnecting algo somewhere at the load balancers of oanda. Max Users / Max ticks per seconds = allowed user connections...

lol, sorry for all the blathering!

But you see: we can solve it and show how it works without using some kind of conspiracy theory. it doesnt need to always have a conspiracy behind it, when there is something people dont understand.

Maybe some programmers at oanda are really incapable! Could be that too!
this pig cannot be slaughtered for ever... or can it?
  • #1,436
  • Dec 30, 2010 3:05am Dec 30, 2010 3:05am
Quoting PoundTrader
oanda is for small time traders, well most retail forex brokers are, the market is shifting to STP OR ECN kind of brokers.
spot forex is a different world , Onada , MB , Ducascopy , Fxcm ... etc is not the real spot forex , forex is different it is something else ....
  • #1,437
  • Dec 30, 2010 3:06am Dec 30, 2010 3:06am
Quoting georgem
I have thought about similar theories myself
Well I would not jump on the"theory" bandwagon that quick.....ther is something more here...the platypus is well connected...


Quote
Maybe some programmers at oanda are really incapable! Could be that too!

Do you really believe in what you just said?


Quote
If the master algos at oanda really have the disconnecting of accounts as a policy to bring stability then I would argue this makes things only more unstable.

I am sure all people that report disconnects with oanda are people that trade full-time. If you are trading with oanda for years and experienced no disconnect till now, then you must be trading like 5 minutes a day, and not news.

I dont understand how it brings more stability to the system to disconnect people! I imagine that all the people once they are connected again and start to...

Who told you that they are all connected back at the same time. It seems that the algos kick in when the imbalance hits a certain percentage, which is a very...I mean VERY conservative percentage. Than it slowly release the accounts accordingly to a predefined structure.


Quote
Plus: disconnected people tend to close their accounts and leave oanda???

Again you are kidding....right?! If my memory serves me well you are a guy that complains but still keep your money with them

Quote
oanda should widen their spread and widen their slippage time to control their risk. And all of that they do. Now you say the disconnecting of "some people" is the third thing they do?

I said the disconnection is their first tier intervention...read my post...

Quote
Wouldnt it be obvious for oanda to have some exposure in the real market as the third thing to stabilizie their (and their customers ) exposure? Something like the third last try!
And isnt it just possible that their system-servers just go wild during news times, because it is somehow based on the processing of every single tick, and during news you get like 100x times more ticks to process?

You are not familiar with the real interbank market, hedging is expensive and dangerous and it is the last resource they use. Inside the bucket is safe, cheap warm and cozy !! ( at least for them)



Quote
Could be that there is a disconnecting algo somewhere at the load balancers of oanda. Max Users / Max ticks per seconds = allowed user connections...

again...and again...DO YOU REALLY BELIEVE ON IT?!? Come on my friend, you are a guy from the area....you know that when money talks the BS walks. If disconnections or other any other bug was bad for their business it would be fixed years ago.
  • #1,438
  • Dec 30, 2010 3:16am Dec 30, 2010 3:16am
Somebody asked me in private but I'm gonna answer here becuse it is important for everybody.....


I dont say what broker I use for ethical reason. And I trade a substantial but not my main account with a broker, my main account is traded via banks.

Now let me repeat what I always say.....

The brokers out there are pretty much all the same and unless you have a really scumbag broker you should be able to make money if you know what you are doing.

I don't trade with Oanda but despite all their problems as far as I can tell they are a respectable broker and you should be able to make money with them.
  • #1,439
  • Dec 30, 2010 4:18am Dec 30, 2010 4:18am
Quoting Platypus
Well I would not jump on the"theory" bandwagon that quick.....ther is something more here...the platypus is well connected...
Lol, for me those are theories and I treat them like most other conspiracies and unbacked claims.

So - considering this - how can you then go on and ask me:

Quoting Platypus
Do you really believe in what you just said?
I dont like to believe, I only like to really know stuff.

And whenever a selfproclaimed "connected" person shows up (who doesn't even trade with oanda) I tend to only do one thing : LMAO.

For me, all this theorizing and speculating is just that: theorizing and speculating. I do not forget that. Thats why I do what I do best:

continue trading with one of the best bro.kers I know, although times and times this bro.ker seems to fail me (and then I tend to complain a lot).
this pig cannot be slaughtered for ever... or can it?
  • #1,440
  • Dec 30, 2010 4:33am Dec 30, 2010 4:33am
Quoting Platypus
Again you are kidding....right?! If my memory serves me well you are a guy that complains but still keep your money with them
My trading style is more longtime small position trading, low leverage and using API, so even frequent long news disconnects will not in the slightest way destroy my account...

... it will annoy me, but not blow my account! :-)

But I know people who are done with oanda because of all the disconnects and instability.

So you see, a person can complain and still stay with broker... Is this such an ungraspable concept for you?
this pig cannot be slaughtered for ever... or can it?
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