I haven't intraday traded with Oanda for a while but they always used to have a mandatory widening of spreads across scheduled news and data releases, whereas some other MM's varied spreads according to the market, again something which could be the difference between a stop loss or take profit being hit or not.
- #1,621
- Feb 7, 2011 3:07pm Feb 7, 2011 3:07pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
- #1,622
- Feb 7, 2011 4:06pm Feb 7, 2011 4:06pm
- | Membership Revoked | Joined Jun 2010 | 1,246 Posts
I don't trade with them
Funny how those who come here and make the biggest and least informed judgements about them are those that don't trade with them.
just open your eyes and see
I don't have time to post all that
Probably because you do......
they use to have even 0.6 pips, 0.9 being the norm, now 1.1 to 1.5 is the normal.
That's not necessarily true, MM's quote according to their book and their liquidity providers quotes, those variations could be the difference between a stop being hit or not.
I haven't intraday traded with Oanda for a while but they always used to have a mandatory widening of spreads across scheduled news and data releases, whereas some other MM's varied spreads according to the market, again something which could be the difference between a stop loss or take profit being hit or not.
91 posts.....and pissed about my post......typical oanda's employee
- #1,624
- Feb 7, 2011 7:36pm Feb 7, 2011 7:36pm
lol
Funny how those who come here and make the biggest and least informed judgements about them are those that don't trade with them.
Ah, so you don't have that proof. Thought so.
You seem to have a lot of time for baseless judgements/accusations.
I don't work for them, sorry to disappoint. I even do give em their share of bashing sometimes but at least it's informed.
I'm a EURUSD trader and recently the norm is (as you said) more like 1.1 to 1.5 and less 0.9, but I don't think it's "them changing their spreads"...
- #1,625
- Feb 7, 2011 7:37pm Feb 7, 2011 7:37pm
I'm rather even more smiling without inflationally using thousands of smilies. BTW, if the number of posts is a value showing the grade of stupidity then I'm a genius. On the other side you have no idea about nothing and you've proved it again.
- #1,626
- Feb 7, 2011 7:42pm Feb 7, 2011 7:42pm
lol
Funny how those who come here and make the biggest and least informed judgements about them are those that don't trade with them.
Ah, so you don't have that proof. Thought so.
You seem to have a lot of time for baseless judgements/accusations.
I don't work for them, sorry to disappoint. I even do give em their share of bashing sometimes but at least it's informed.
I'm a EURUSD trader and recently the norm is (as you said) more like 1.1 to 1.5 and less 0.9, but I don't think it's "them changing their spreads"...
- #1,627
- Feb 7, 2011 9:48pm Feb 7, 2011 9:48pm
- | Membership Revoked | Joined Jun 2010 | 1,246 Posts
I was ready to leave the thread but tonight I feel like poking somebody so.....come on Merd....I mean Marv admit here to the old Platypus that you get a kick back from oanda for all the effort you put here over and over wiht futile attempts to polish their image......
Like it or not, Oanda has been hands down the best MM I could find so far (though not perfect). Does that mean I work for them, or does it just mean you ran out of arguments and started trolling?
Posting a bunch of smiley faces and saying "I don't have time to explain" and "you work for them" is always easy.
- #1,629
- Feb 8, 2011 11:41am Feb 8, 2011 11:41am
And what makes you, sir, think that I care what you think?
Like it or not, Oanda has been hands down the best MM I could find so far (though not perfect). Does that mean I work for them, or does it just mean you ran out of arguments and started trolling?
Posting a bunch of smiley faces and saying "I don't have time to explain" and "you work for them" is always easy.
..........
!! 
- #1,632
- Feb 18, 2011 7:02am Feb 18, 2011 7:02am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Measure twice, cut once
I had only good things to say about Oanda until today.
I was taking a long position on the EUR/CAD and during CAD-news they increased the spread, taking out my stop loss. So they decreased the BID like 10 pips DOWN, how is that possible ?
On none of my 3 other feeds did price reach my SL-location, placed 1 pip below the red line.
I spoke with them on live-chat and they told me to use their min/max-chart. So they are basically making up their own market-price, since OHLC and candlestick have different max-min range. Incredible ! As we speak, my...
So ? Dont trade during news using Oanda
Never whishing, always trading.
- #1,634
- Feb 18, 2011 10:24am Feb 18, 2011 10:24am
- | Membership Revoked | Joined Jun 2010 | 1,246 Posts
- #1,635
- Feb 18, 2011 10:45am Feb 18, 2011 10:45am
- Joined Aug 2007 | Status: Trader | 3,135 Posts
Yep, you should have done your homework regarding the spread behavior during news and taken that into consideration when placing your Stop Loss.
Measure twice, cut once
