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OANDA Discussion

Quoting shrike
It was 8:30 EST - news time, so there was a big spread on that pair (as usual with Oanda). Its up to 30 pips in this pair. And since MT4 displays the bid price, the ask price was far away.

http://fxtrade.oanda.com/lang/de/why...recent#GBP-AUD
thought this would be the answer. The one minute chart posted was a clear news spike
Quoting Agro
Very strange. Been with them for 5 years I think and never had this prob. Are you accounting for spread. If not spread then may be something to do with the MT4 platform (MT4 is absolute crap in my opinion, much better of using fxtrade platform). Have you contacted them about this problem?
no i know its becouse of high spread.
but like forexgain said spread with other broker isn't this high.
i'd rather have a constant spread a bit higher so i can always put my buy order x pips above my trade level.
or better yet, just do the trade no matter what the spread.
now i can't ever know for sure if i am away my order gets triggered.
i have had other brokers, they all had problems far worse then this.
like disconnects for longer periods or orders that got stuck.

now i have to wait for a wave 2 and hope i can get in.
today is a spike so next buy is 50% of todays candle with stop below low..
Quoting longshot_nl
no i know its becouse of high spread.
but like forexgain said spread with other broker isn't this high.
i'd rather have a constant spread a bit higher so i can always put my buy order x pips above my trade level.
or better yet, just do the trade no matter what the spread.
now i can't ever know for sure if i am away my order gets triggered.
i have had other brokers, they all had problems far worse then this.
like disconnects for longer periods or orders that got stuck.

now i have to wait for a wave 2 and hope i can get in.
today is a spike...
Thems the breaks I am afraid. There is always a trade off. Brokers who offer fixed spread have to protect themselves against losses during news. They do this through disconnects and re-quotes.
I trade with IG Markets. From my experience so far, I've never seen a spread worse than 2 pips, before, at or after news time. The price may climb/drop at an accelerated speed but I've not seen wider than 2 pip spread.

Secondly, my orders are always filled at the price stipulated regardless of how fast the market is moving and usually within seconds.

I previously used City Index - when the price went past my order, it changed to "Order Pending" (not exactly the words used but something similar) for a good 2 to 3 mins. This frustrated me as the market went up 20 pips without me, then came back down filling my order and dropping further after that. Finally with a loss of 20 pips. During that "pending" period, I can't do anything but stare at the screen. There was once when it went past my order and then filled it at a worse price.

* do note that I do not have a big account and trade small most of the time.
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
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give 1 and get 100
Quoting duca
Oanda's MT4 solution is very poor. I wouldn't use it. Stick to the java platform
  •  duca
  • | Joined Dec 2011 | Status: Investing is simple, but not easy | 409 Posts
i prefer all indicators for Mt4
give 1 and get 100
Quoting jafar00
Oanda's MT4 solution is very poor. I wouldn't use it. Stick to the java platform
Can you be more specific? I haven't tried their MT4

It seems that it's kinda feature when a broker does not have MT4 or has it in some strange way but has its own platform.
Quoting duca
i prefer all indicators for Mt4
just use MT4 for charting and the native platform for orders.
I am looking for good broker, as far as I know, Oanda is very popular among South America traders, who knows, is it true?
Quoting eka_forex
I am looking for good broker, as far as I know, Oanda is very popular among South America traders, who knows, is it true?
"popular" does not automatically mean good.

What you should know is that it's well regulated but it comes with all the limitations of American regulation. It's a market maker (no ecn), that means forget about trading during news announcements. Execution is good. Platform is meh. MT4 integration is not good especially for orders. Trading costs are okay.

Try it for yourself and see if it fits the bill for you.
Good morning buddies.

Is it possible to close an order partially (scale out)?

Look my picture, i'm not able to change the units.

Could you please help me.

Thanks
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I hear and I forget. I see and I remember. I do and I understand.
Quoting boubafx
Good morning buddies.

Is it possible to close an order partially (scale out)?

Look my picture, i'm not able to change the units.

Could you please help me.

Thanks

le changement de fermer
Quoting Agro
Yes, like this

If you have a long position for 100,000 and want to close 1/2 then enter a sell limit or market sell order for 50,000. You will now have a 50,000 long position.
There you go
Quoting rooicol
le changement de fermer
Thanks Rooicol, butyou must make some progress with french language!!!!!!

The same with the close windows, look the below picture
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I hear and I forget. I see and I remember. I do and I understand.
Quoting boubafx
Good morning buddies.

Is it possible to close an order partially (scale out)?

Look my picture, i'm not able to change the units.

Could you please help me.

Thanks
Yes, is it possible.

You need to open a new buy or sell with the units you want close.
Quoting Kfx
Yes, is it possible.

You need to open a new buy or sell with the units you want close.
Thanks Kfx, this tip works
I hear and I forget. I see and I remember. I do and I understand.
Can't connect to oanda website and fxtrade today. Anybody experiencing the same?
no problems here
Quoting zonrokoy
Can't connect to oanda website and fxtrade today. Anybody experiencing the same?
Same problem here. I've called up the customer service but they said that they don't have this problem on their side. But this is not new to me. They have this problem on and off. And it has nothing to do with my internet connection, nor my pc.
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