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Oanda goes Metatrader

  • #21
  • Edited 4:00am Jan 14, 2011 3:24am | Edited 4:00am
Quoting oakmonster
Not the ECN ones. Oanda is still a market maker afterall
I'd chose Oanda over some $hitty pseudo ECN any time !!
  • #22
  • Jan 14, 2011 3:31am Jan 14, 2011 3:31am
Does anyone have a link , I am not finding it on Oanda site
  • #23
  • Jan 14, 2011 3:39am Jan 14, 2011 3:39am
Quoting supremeChaos
i wish it'll roll off sans the platform freeze/disconnection issues.
That will not change. It is a market maker trick designed to protect their dealing desk position. Rest assured that feature will be staying
  • #24
  • Jan 14, 2011 3:56am Jan 14, 2011 3:56am
Quoting Traderlarry
I'd chose Oanda over some $hitty pseudo ECN every time !!
  • #25
  • Jan 14, 2011 3:56am Jan 14, 2011 3:56am
Quoting oakmonster
That will not change. It is a market maker trick designed to protect their dealing desk position. Rest assured that feature will be staying
like ECN's negative spread trick !
  • #26
  • Jan 14, 2011 5:09am Jan 14, 2011 5:09am
Quoting toddanderson
Does anyone have a link , I am not finding it on Oanda site
There is non yet. Just an email to the customers and some beta testers like me.
  • #27
  • Jan 14, 2011 5:43am Jan 14, 2011 5:43am
hummm....... suddenly Oanda starts to advertise all over, them suddenly it goes metatrader, not even talking about their 50/50 BS

Do we see a trend here?

I understand that because of the crisis their accounts should be shrinking, but they really seems a bit desperate

I would say that the last thing to go will be the platform issues because it brings them money, but as soon as they get better in this particular I would be very concerned if I had a account with them.
  • #28
  • Jan 14, 2011 5:44am Jan 14, 2011 5:44am
Xaron, what's the time set at? Is it frozen like all MT4 brokers?

And about the position sizing, do they use the standard MT4 way?
  • #29
  • Jan 14, 2011 6:00am Jan 14, 2011 6:00am
Quoting Platypus
I understand that because of the crisis their accounts should be shrinking
There is no crisis in Asia. Who cares for tiny poor US?
  • #30
  • Jan 14, 2011 6:08am Jan 14, 2011 6:08am
Quoting Platypus
hummm....... suddenly Oanda starts to advertise all over, them suddenly it goes metatrader, not even talking about their 50/50 BS

Do we see a trend here?

I understand that because of the crisis their accounts should be shrinking, but they really seems a bit desperate

I would say that the last thing to go will be the platform issues because it brings them money, but as soon as they get better in this particular I would be very concerned if I had a account with them.
in the contrary they r the biggest in retail fx , at least this what the numbers say ...
  • #31
  • Jan 14, 2011 6:30am Jan 14, 2011 6:30am
Quoting Dopey
Xaron, what's the time set at? Is it frozen like all MT4 brokers?

And about the position sizing, do they use the standard MT4 way?
Yes and yes. Minimum position size is 0.01 lots which are 1,000 units. Regarding the time set I'm not that sure.
  • #32
  • Edited 8:52am Jan 14, 2011 8:28am | Edited 8:52am
I hope that Oanda will not change in a non-serious broker monster like so many other MT4 Brokers before at the Forex Market!

Till now - Oanda was OKAY! So best wishes to Oanda.

FXcube
  • #33
  • Jan 14, 2011 8:29am Jan 14, 2011 8:29am
Quoting Dopey
Xaron, what's the time set at? Is it frozen like all MT4 brokers?

And about the position sizing, do they use the standard MT4 way?
Good question, I know they are currently -5 GMT or the daily bar closes 12:00am New York Time. I would be surprised is they changed the offset in MT4. We shall know in a few weeks I guess.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #34
  • Jan 14, 2011 9:35am Jan 14, 2011 9:35am
Quoting Platypus
hummm....... suddenly Oanda starts to advertise all over, them suddenly it goes metatrader, not even talking about their 50/50 BS

Do we see a trend here?

I understand that because of the crisis their accounts should be shrinking, but they really seems a bit desperate

I would say that the last thing to go will be the platform issues because it brings them money, but as soon as they get better in this particular I would be very concerned if I had a account with them.
MT4 is just a platform, like other platforms (tradestation, eSignal,NJ,etc) they are all tools and it seems MT4 is the most popular in retail FX. If you don't like this tool then use others or building yourself one via API.

Regarding to ads, 50/50 promotion, I don't see any wrong here. It only signal that the forex br0ker bussiness is very competitive now, and Oanda needs more "ways" to boost their market share or revenue, just like other business. Even Deutsche Bank(not DBFX), the biggest FX player all the long time, buy ads every where.

Best,

Mike
  • #35
  • Jan 14, 2011 9:43am Jan 14, 2011 9:43am
Quoting Zkf
MT4 is just a platform, like other platforms (tradestation, eSignal,NJ,etc) they are all tools and it seems MT4 is the most popular in retail FX. If you don't like this tool then use others or building yourself one via API.

Regarding to ads, 50/50 promotion, I don't see any wrong here. It only signal that the forex br0ker bussiness is very competitive now, and Oanda needs more "ways" to boost their market share or revenue, just like other business. Even Deutsche Bank(not DBFX), the biggest FX player all the long time, buy ads every where.

Best,

Mike...
Advertising works, that is why companies spend GiNormous amounts of money on it.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #36
  • Jan 14, 2011 10:00am Jan 14, 2011 10:00am
Quoting Zkf
MT4 is just a platform, like other platforms (tradestation, eSignal,NJ,etc) they are all tools and it seems MT4 is the most popular in retail FX. If you don't like this tool then use others or building yourself one via API.

Regarding to ads, 50/50 promotion, I don't see any wrong here. It only signal that the forex br0ker bussiness is very competitive now, and Oanda needs more "ways" to boost their market share or revenue, just like other business. Even Deutsche Bank(not DBFX), the biggest FX player all the long time, buy ads every where....
Most traders I know use the MT4 platform because of the look and indicators you can place on a chart. I tried Oanda a few years back and didn't like the platform at all. I suyppose I could have gotten used to it if I really wanted to, but didn't see the tradeoff to be worth it.

If they do go public with a MT4 platform and keep their spreads as low as they are, I will definitely switch from IBFX
  • #37
  • Jan 14, 2011 10:11am Jan 14, 2011 10:11am
what about interest by second ?
  • #38
  • Jan 14, 2011 10:25am Jan 14, 2011 10:25am
Quoting tar
what about interest by second ?
That was my initial question as well. Fact is the rollover column stays at zero but interest by second is correctly applied as usual for FxTrade. So just see MT4 as a bridge to FxTrade. That's why it can't display anything below 1,000 units as well.
  • #39
  • Jan 14, 2011 10:28am Jan 14, 2011 10:28am
what about slippage ? can i control it ?
  • #40
  • Jan 14, 2011 10:41am Jan 14, 2011 10:41am
I never tried it yet. Slippage was never a concern for me. At least you don't get requotes but instant execution which includes some slippage of course from time to time. That might change during news of course but news and Oanda is a different topic.
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