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OANDA Discussion

  • #1,901
  • Apr 28, 2011 5:51am Apr 28, 2011 5:51am
Quoting ChadFX
Does OANDA still widen the spread during the news?

Anyone have been using OANDA MT4 live? Is it the same pretty much between live and demo? I am talking about spread, slippage and speed of execution.

Any input is appreciated because I am thinking about opening live account with them (MT4).
Ive used it for years speed of execution Almost immediate, Never had a slippage, spread is reasonable and it's listed right next to the Quotes. Although i haven't used their MT4 platform Their iphone, Ipad and Desktop platform is The best i've seen.
Best Regards Moneymike
  • #1,902
  • Apr 28, 2011 2:04pm Apr 28, 2011 2:04pm
I have been live trading with Oanda FX for many years. I like their low spreads on the major currencies and the fact they pay interest on balances. The only thing I didn't like is that they did not offer an MT4 platform.

I just recently opened an MT4 (live) account and have been trading in it with an EA Robot. I have only had the EA running for a day now but it appears to be working OK.
  • #1,903
  • Apr 29, 2011 5:12pm Apr 29, 2011 5:12pm
Quoting Dopey
What I do when it disappears, is the following: I have a shortcut on the desktop to the Java console. Go to Control Panel, find Java, right click and create a shortcut to the desktop. When you open the shortcut go to the bottom to Temporary Internet Files, then click on View. Another window opens and you should see the FxTrade icon. Select the icon, then right click and choose Install Shortcut. It should then be back on the desktop.
Your procedure worked! thanks again! and if anyone is searching for the desktop link I was describing, do a search for "Oanda fxTrade gui". I forgot about the gooey part.
  • #1,904
  • May 2, 2011 8:25am May 2, 2011 8:25am
Quoting FXEZ
Your procedure worked! thanks again! and if anyone is searching for the desktop link I was describing, do a search for "Oanda fxTrade gui". I forgot about the gooey part.
FXEZ,

Here is the link to download the fxDesktop:

http://fxtrade.oanda.com/trade-forex/fxtrade/desktop
  • #1,905
  • May 2, 2011 1:06pm May 2, 2011 1:06pm
Quoting moneymike
Ive used it for years speed of execution Almost immediate, Never had a slippage, spread is reasonable and it's listed right next to the Quotes. Although i haven't used their MT4 platform Their iphone, Ipad and Desktop platform is The best i've seen.
I have slippage on every trade. My bounds are 0.3 pips and most of the time I have to press the Send button twice.

But to be honest, if you order gets slipped, it is usually a good trade, indicating that which way it slipped there is less money on that side and the market is most likely to move your way.
I found a penny today. That's +100 pips for me.
  • #1,906
  • May 3, 2011 5:41am May 3, 2011 5:41am
Quoting ReaM
I have slippage on every trade. My bounds are 0.3 pips and most of the time I have to press the Send button twice.

But to be honest, if you order gets slipped, it is usually a good trade, indicating that which way it slipped there is less money on that side and the market is most likely to move your way.
i've never had slippage and i never used Bounds, Sorry to hear that. but still i bet it's not as must as i experienced from alpari.
Best Regards Moneymike
  • #1,907
  • May 3, 2011 3:20pm May 3, 2011 3:20pm
Ok...for the last 4 months or so I conducted a experiment and I would like to share with you guys.

I used to come here in the past and poke the "Oandanians" around to have some fun. It is not that I was bashing the broker but just trying to put things in perspective and having some fun while doing it.

Well I like to think that I'm a fair person so I decided to try and trade with them for a while and see how things go.

I though about opening a small account (less than 20 grand) and see what kind of tricks they will try on me.

Than i had a better idea !!

I have e relative that trades with them for about 6 years with mixed results. His account is under 10 grand. He never had big issues with Oanda so I asked him if I could trade his account for a while and see what happens.

I changed a little my stile because in such a small account I felt like "demo trading" so I kept my entries and exits but went a little harder on the leverage.

Well.....not even four months yet and the platform is almost untradeable....

I'm still making money because I aim for the daily movement but they are surely making my life miserable. The orders are executed sometimes 5 seconds after I click on it, the platform freezes all the time, the order box flicker and sometimes disappears, my limit orders dont get triggered and my SL get hit with 10 or 15 pips slippage.

Trading like this is a nightmare !!! How you guys can handle it?

My relative told me he never had this kind of issues before so It makes me wonder if they are not happy with his account anymore !!

Oh....and by the way somebody from Oanda called him twice about some irregular "papers" on his account!! ...... 6 year old account and now suddenly they found something they don't like on it!!


I'm feeling really relieve about my past comments about those bucket shops in general no injustice made!!
  • #1,908
  • May 3, 2011 6:07pm May 3, 2011 6:07pm
@Platypus: Interesting. Thanks for sharing.

Apart of course from the "hey look at me I trade so big that 20k and 10k accounts are so small to me they feel like demo trading". That was unnecessary and people who do trade really big and make so much money don't need to come to this thread in this forum and repeatedly brag about it like that.

So that BS apart, where do you normally trade? I'm with IB at the moment.
  • #1,909
  • May 3, 2011 7:07pm May 3, 2011 7:07pm
Quoting Marv
@Platypus: Interesting. Thanks for sharing.

Apart of course from the "hey look at me I trade so big that 20k and 10k accounts are so small to me they feel like demo trading". That was unnecessary and people who do trade really big and make so much money don't need to come to this thread in this forum and repeatedly brag about it like that.

So that BS apart, where do you normally trade? I'm with IB at the moment.

Oh really !?! So you think I'm gonna brag about 20 grand? what kind of brag is that.....

You don't know me my friend.!! Not even talking about my account....if you could see how much my tax was this year your head will spin.

I pop here once in a while because I'm now retired and.....because I like to poke
  • #1,910
  • May 3, 2011 9:08pm May 3, 2011 9:08pm
Quoting Platypus
Oh really !?! So you think I'm gonna brag about 20 grand? what kind of brag is that.....

You don't know me my friend.!! Not even talking about my account....if you could see how much my tax was this year your head will spin.
lol You just completely missed my point and did the same thing again.

Quoting Platypus
I pop here once in a while because I'm now retired and.....because I like to poke
And on to the ignore list you go...

For anyone who wants to ignore Platypus too, click here.
  • #1,911
  • May 3, 2011 10:31pm May 3, 2011 10:31pm
Quoting Marv
lol You just completely missed my point and did the same thing again.



And on to the ignore list you go...

For anyone who wants to ignore Platypus too, click here.
................!!
  • #1,912
  • May 4, 2011 8:36am May 4, 2011 8:36am
Quoting Platypus
Ok...for the last 4 months or so I conducted a experiment and I would like to share with you guys.

I used to come here in the past and poke the "Oandanians" around to have some fun. It is not that I was bashing the broker but just trying to put things in perspective and having some fun while doing it.

Well I like to think that I'm a fair person so I decided to try and trade with them for a while and see how things go.

I though about opening a small account (less than 20 grand) and see what kind of tricks they will try on me.

Than...
A post full of fantastical nonsense written by a 3 years old.
  • #1,913
  • May 4, 2011 8:41am May 4, 2011 8:41am
@Platypus

I respect Your Comments and view on Oanda, But here's My story about when i started Trading Forex, And this is not a Bash on any Broker of any sort.

After demo trading for about 2 years i thought i had learned everything about Forex, So i Opened a $5,000 account with Alpari Uk. This was because i had for 2 years Traded On alpari's MT4 Platform with $5,000 i had a Sound Money management System. I had a Mentor That Thought me for Two years i had a trading system That worked 75% of the time (More or Less). and the demo returns were About $500-$700 a month which was Enough for me. Alpari Uk had a very Hard Method to Open an account it took me a week to have all my files, Documents and Wire Transfers accepted. On monday as the Market Opened i spent the whole Day stalking The eurUsd this was Around the Great Euro downfall I tried to sell but the Platform Wouldn't take my order.

The Trade was trying to go through for about 3 Mins without being Fill. (not a Market order a Simple Sell Order). After frustration set in i clicked cancel Nothing Happened it was still trying to fill the Sell order.

So i Closed the Platform and reopened it, it wont reconnect, I checked Some other Platforms i had on demo they were up my internet was fine. 30 mins later i came back up and was fine it seemed. the trading feel was different the leverage wasn't the seem Trades as demo So my money management was useless i lost the account in a week. I wished i had opened my first account with Oanda. No broker will be perfect I still use some features From alpari that they give to their customers. But i will never waste My money with those Guys ever again.
Best Regards Moneymike
  • #1,914
  • May 4, 2011 8:42am May 4, 2011 8:42am
Platypus, please tell us your execution rates of your trades plus date+time. No? Ok.
  • #1,915
  • May 4, 2011 8:45am May 4, 2011 8:45am
And also don't even Try trading around high traffic times. the connection drops whenever your placing a trade. the spread is large during off hours because of those robot traders. and customer service is not bad but could be better. I haven't had these problems with Oanda
Best Regards Moneymike
  • #1,916
  • May 4, 2011 8:54am May 4, 2011 8:54am
Quoting A_3
Platypus, please tell us your execution rates of your trades plus date+time. No? Ok.
What about my SS number, address,full name and a copy of my DL !!

I know you guys from Oanda have to do some damage control but please do yourselves a favor and don't go ridiculous !!!
  • #1,917
  • May 4, 2011 8:58am May 4, 2011 8:58am
Quoting Platypus
What about my SS number, address,full name and a copy of my DL !!

I know you guys from Oanda have to do some damage control but please do yourselves a favor and don't go ridiculous !!!

The question has to be, which broker do you recommend ?

Thanks
Never whishing, always trading.
  • #1,918
  • May 4, 2011 9:00am May 4, 2011 9:00am
Quoting Platypus
What about my SS number, address,full name and a copy of my DL !!

I know you guys from Oanda have to do some damage control but please do yourselves a favor and don't go ridiculous !!!
Well, I knew that you a are full of nonsense. Thanks for another proof.
  • #1,919
  • Edited 9:54am May 4, 2011 9:03am | Edited 9:54am
Quoting Hova
The question has to be, which broker do you recommend ?

Thanks
Futures with abnormally low liquidity but enough for demo trading.
  • #1,920
  • May 4, 2011 9:10am May 4, 2011 9:10am
Quoting A_3
A post full of fantastical nonsense written by a 3 years old.
Exactly, this guy is at most 18 years old, and is playing with his fathers money.

Ignore button it is!
this pig cannot be slaughtered for ever... or can it?
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