OANDA EUR/CAD Price Spike | Forex Factory

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OANDA EUR/CAD Price Spike

  • #1
  • First Post: Oct 27, 2011 4:16pm Oct 27, 2011 4:16pm
So this just happened to me a few minutes ago. I was short the EUR/CAD with a stop at 1.4151.

The price on my chart spiked exactly up to my stop and back down in 20 seconds. Attached is a 10 SECOND chart. I would like to know if anyone else on OANDA saw this price spike.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-10-27 at 5.14.39 PM.png Size: 61 KB
There's always money in the banana stand.
  • #2
  • Oct 27, 2011 5:06pm Oct 27, 2011 5:06pm
I see it on my oanda too but not on my other broker. Likely just a bad tick. Contact Oanda and they will likely reinstate or credit you the trade.
  • #3
  • Oct 27, 2011 6:32pm Oct 27, 2011 6:32pm
Thank you. I will give that shot.
There's always money in the banana stand.
  • #4
  • Oct 29, 2011 1:22pm Oct 29, 2011 1:22pm
Quoting LizardGizzard
Thank you. I will give that shot.
Buddy..! did you get any response from OANDA for the loss you suffered due to this spike up . . ?
  • #5
  • Oct 29, 2011 2:11pm Oct 29, 2011 2:11pm
Will see we to monday 4250-80?
  • #6
  • Oct 29, 2011 4:58pm Oct 29, 2011 4:58pm
They told me that they are "looking into it". Their response to this weirdness will determine whether or not I can stick with them.
There's always money in the banana stand.
  • #7
  • Oct 30, 2011 9:18am Oct 30, 2011 9:18am
Quoting LizardGizzard
They told me that they are "looking into it". Their response to this weirdness will determine whether or not I can stick with them.
Man if that doesnt look like a market maker stop hunt I don't know what one is!
  • #8
  • Oct 30, 2011 11:24am Oct 30, 2011 11:24am
Quoting LizardGizzard
They told me that they are "looking into it". Their response to this weirdness will determine whether or not I can stick with them.
Let us know once you get any final reply from their end. Just 2 days back only my OANDA account got verified and is ready for trading (as i want to shift from my current broker to oanda) but after viewing this sort of sudden spike up i am afraid to trade with them. Since earlier i heard from certain peoples about sudden spike up problem in OANDA but your screenshot clearly showing the horror story.

Now i feel i should better wait and see how they respond on this sort of spike up (as the same thing may happen with me as well) before starting any fresh trading with OANDA.
  • #9
  • Last Post: Oct 31, 2011 8:43pm Oct 31, 2011 8:43pm
Happy to report that OANDA refunded my account for the amount of the trade after my inquiry.
There's always money in the banana stand.
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