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OANDA Discussion

Quoting ReaM
that's not long ago that banks didn't make any (through trading).
You made the generalization that, until not long ago, banks have not been making money at trading at all. That's incorrect. One of the basic reasons is: it's a zero sum game, remember? There must always be losers but there must always be winners too.

Now you're just saying:

Quoting ReaM
Banks lose a lot trading.
Well of course banks lose money, "high risk", "high leveraged", etc. that craziness is hardly any news. But to say banks don't make any money at trading (in our case forex trading) is wrong. One or a few banks that are proven to have never made money at forex doesn't prove anything. Again, it's a zero sum game.

-We're going off-topic though.
Quoting A_3
So did you try to make a screen capture? Or is it still in progress?
FXGrinder, where are you? Where are your screen captures? Or have you just noticed your own mistake?
it seems that winning/professional traders never complain.

losers/gambling traders complains a lot and no fx broker will ever be good to them. every broker is out to get their money.
Quoting boypunas
professional traders never complain.
Professional traders don't trade with retail market makers.

Quoting boypunas
losers/gambling traders complains a lot
True, and it's rarely a legitimate complaint. In this (fxgrinder's) case, it is.
So I just realized I should probably shut up and leave this thread alone by now. haha

So long fellas.

/unsubscribed
[quote=True, and it's rarely a legitimate complaint. In this (fxgrinder's) case, it is.[/QUOTE]

I've read Fxgrinder's claim over and over again and to me it seem as if it was a Human error on his/her Part. It happens to me alot usually when am tired or In a Rush i may have intended to place a 20 pip stop loss and place a 2 pip stop-loss. In fact it happened to me about a Week ago.
Best Regards Moneymike
I keep getting the error "Off quotes" when trying to open up any fourth position on their MT4 platform.
Quoting JusticeFX
I keep getting the error "Off quotes" when trying to open up any fourth position on their MT4 platform.
.....
Quote
Off Quotes

In general, the "Off Quotes" error message appears whenever the trader attempts an operation that is not possible on the MT4 terminal, such as trying to trade micro lots, partially closing open positions, or Expert Advisors trying to attach a stop or limit to a market execution order, etc. However, "Off Quotes" error messages most often occur when the trader attempts to place a trade without having sufficient margin in the account, or a “Margin Reset” is necessary to unlock the account.
Quoting trash
.....
Maybe I don't understand margin too well, but I don't think it's a lack of margin.

I'm using a demo account with $250 CAD. I'm placing micro lot orders (0.01) on each trade. So, I run out of margin after only 0.03 lots traded? That seems odd.
ask support at [email protected] send ticket number(s) to them
Quote
The "off-quotes" message in the MetaTrader trading platform may occur when market rate changes from the time the trade is initiated on the platform to the time the request reaches the trading environment. If you still wish to enter the trade, you can use the Order screen to try again. Within the MetaTrader platform, you can also set a tolerance level for all of your trades. To set the deviation setting, go to Tools -> Options. Within the Trade tab, you can select the number of pips difference you are willing to tolerate in the Deviation by Default...
Quoting trash
ask support at [email protected] send ticket number(s) to them
Funny thing is, I already chatted with them about this and they gave me the same responses about margin and what not. There are no ticket numbers to show them since MT4 doesn't actually make the trade.

It doesn't matter how many times I try to re-enter either like it says in that quote, it just won't let me make the trade.
Quoting JusticeFX
Funny thing is, I already chatted with them about this and they gave me the same responses about margin and what not. There are no ticket numbers to show them since MT4 doesn't actually make the trade.

It doesn't matter how many times I try to re-enter either like it says in that quote, it just won't let me make the trade.
Have you tried Fxtrade ? have you tried lowering the trade size? bear in mind the minimum that you can trade on MT4 is 1000 units (0.01 lots) if your account can not sustain this you'll get a re-quotes.
Best Regards Moneymike
Quoting moneymike
Have you tried Fxtrade ? have you tried lowering the trade size? bear in mind the minimum that you can trade on MT4 is 1000 units (0.01 lots) if your account can not sustain this you'll get a re-quotes.
I haven't tried the fxTrade platform to see if that fixes the issue, but what concerns me is that if my main platform (MT4) doesn't work, then I have problems, because I will rarely use their web platform.

I am also already choosing the smallest lot size possible for each active trade. OANDA has stated themselves they do not do re-quotes (and this doesn't even seem like a re-quote issue because I'm no even getting asked if new quotes are acceptable).

FYI:
I'm using a demo account with balance of $250 CAD and 50:1 leverage.
Quoting JusticeFX
I haven't tried the fxTrade platform to see if that fixes the issue, but what concerns me is that if my main platform (MT4) doesn't work, then I have problems, because I will rarely use their web platform.

I am also already choosing the smallest lot size possible for each active trade. OANDA has stated themselves they do not do re-quotes (and this doesn't even seem like a re-quote issue because I'm no even getting asked if new quotes are acceptable).

FYI:
I'm using a demo account with balance of $250 CAD and 50:1 leverage.
$250*50 = $12500
0.01 Lot = $1000
$12500/$1000 = 12.5 Lots
You can open 12 trades of 0.01 lots at the same point...
I am right?
It is a good choice working with a minimum lot (0.01), if so, you have more hedging and more resolution...
Quoting JusticeFX
I haven't tried the fxTrade platform to see if that fixes the issue, but what concerns me is that if my main platform (MT4) doesn't work, then I have problems, because I will rarely use their web platform.

I am also already choosing the smallest lot size possible for each active trade. OANDA has stated themselves they do not do re-quotes (and this doesn't even seem like a re-quote issue because I'm no even getting asked if new quotes are acceptable).

FYI:
I'm using a demo account with balance of $250 CAD and 50:1 leverage.
Their Main Platform Is Not MT4 It's has been Fxtrade Mt4 was Just recently introduced in January. Their Fxtrade is far stable Than MT4 but thats my point of view.
Best Regards Moneymike
Quoting lleal
$250*50 = $12500
0.01 Lot = $1000
$12500/$1000 = 12.5 Lots
You can open 12 trades of 0.01 lots at the same point...
I am right?
It is a good choice working with a minimum lot (0.01), if so, you have more hedging and more resolution...
If so, then why am I only allowed to open 3 positions at any time?

Something is fishy here.

Quoting moneymike
Their Main Platform Is Not MT4 It's has been Fxtrade Mt4 was Just recently introduced in January. Their Fxtrade is far stable Than MT4 but thats my point of view.
While that may be true, MT4 is far more customizable and I'd rather have a stand-alone platform running rather than have to log in every time.

My main trading platform will be MT4, so there must be no problems with it.
because your other positions get cancelled if you, say, sell 1000 units and then buy 500 units of the same pair, your original position gets sliced in half. You need different sub accounts to hedge one pair.

Also, if you have two exactly same positions, say, 1000 units long and another 1000 units long of the same pair, if you close the second one, the first will close too. You need to open positions of different sizes (1000, 1001, 1002) in order to keep them alive when you want to close one of them).

Btw, you don't have to choose between fxtrade and mt4, you can open them both, you know...
I found a penny today. That's +100 pips for me.
JusticeFX,

OANDA MT4 follows the same margin rules that OANDA fxTrade does. When you selected 50:1 that is the maximum allowed leverage and applies mostly to major pairs, but depending on which pair you are trading the max leverage can go down to 20:1 in the case of exotics. You can find more info here:

http://fxtrade.oanda.com/help/policies/margin-rules

You can try this calculator to check if you have enough available margin for the leverage/pair combination:

http://fxtrade.oanda.com/account/margin-calculator
Quoting JusticeFX


While that may be true, MT4 is far more customizable and I'd rather have a stand-alone platform running rather than have to log in every time.

My main trading platform will be MT4, so there must be no problems with it.
i Won't Deny that having to Log on every time is Annoying but It is safer, True Professional Traders don't use MT4, And if you want to Skip Logging on everytime simply log on thru their browser version and when prompt if you want to safe the password save it.
Best Regards Moneymike
So, when is oanda going to accept bitcoins?
this pig cannot be slaughtered for ever... or can it?
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