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OANDA Discussion

Quoting QuadrupleX
That was also my experience. Loser and break even for 3 years. No big issues only sporadic disconnections around big news.

On my 4th year I started to make reasonable money and the disconnections grew with my account or should I say my account grew despite the disconnections.

2011 as I started making pretty good money the platform instability went to a point where I could barely trade.

Changed brokers and no disconnections so far. I'm happy!
Are u guys day trading or swing trading? Have anyone use the Box Options? I'm interested to hedge my position with box options. is that possible?
Quoting Evans
Are u guys day trading or swing trading? Have anyone use the Box Options? I'm interested to hedge my position with box options. is that possible?
It is possible but I've never found it attractive.
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting QuadrupleX
That was also my experience. Loser and break even for 3 years. No big issues only sporadic disconnections around big news.

On my 4th year I started to make reasonable money and the disconnections grew with my account or should I say my account grew despite the disconnections.

2011 as I started making pretty good money the platform instability went to a point where I could barely trade.

Changed brokers and no disconnections so far. I'm happy!
I've never had problems with them.
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting Binyamin
Hey eu_trader stop your BS already you are an embarrassment. The maximum lot size of Oanda and CitiFx Pro is 10 mil.

So you are going to sit in front of the screen the whole day entering 10 mil unit size 100 times every time you trade? You never thought of those loop holes in your BS did you? Stop trolling the forum swinging your big dick. Get a life. Who cares about your lot size. This is a discussion about Oanda not your ego.
Wow I didn't know that some traders only cared for their own ego
New voice message: Why are you calling me? If I need you, I'll call you!
Quoting QuadrupleX
That was also my experience. Loser and break even for 3 years. No big issues only sporadic disconnections around big news.

On my 4th year I started to make reasonable money and the disconnections grew with my account or should I say my account grew despite the disconnections.

2011 as I started making pretty good money the platform instability went to a point where I could barely trade.

Changed brokers and no disconnections so far. I'm happy!

I have used Oanda USA, Oanda Canada in the past. Recently switched to Oanda Asia. I find that Oanda Asia has less disconnections compared to USA and Canada. It also provides better security as it sends a security pin to your cellphone everytime you log in.
oanda has introduced the cfd contracts (for europeans only ).. what do you think? thanks

http://fxtrade.oanda.co.uk/trade-for...e/cfd-trading/
Its a nice addition, but spreads aren't really that attractive compared to the better cfd dealers. 2 on Dax, 5 on Dow, 0.8 on S&P. Maybe they get tighter once they go live with this.

Also, the way they are doing it is not very Oanda-esque. Its a fixed contract size (i.e. 1 Euro per Dax point per cfd). Thats kind of at odds with their FX product strategy where there is no minimum ticket size. You could compare their new CFDs with dealing with fixed 10K contracts in FX. I would have liked it much more if it was a better fit to their overall product: no or very small min. ticket size, good/acceptable spreads, overnight and over-weekend trading and box-options. Instead, their CFDs are a quite standard run-of-the-mill product with very average transaction-costs, and it just doesnt smell like Oanda. Maybe they are getting fat and lazy.
Quoting millelire
oanda has introduced the cfd contracts (for europeans only ).. what do you think? thanks

http://fxtrade.oanda.co.uk/trade-for...e/cfd-trading/
OMG! That's awesome! Btw after further reading the restrictions is only for American residence and its territories...... and irony considering Oanda started in America.
Riding the order flow
Quoting shrike
Its a nice addition, but spreads aren't really that attractive compared to the better cfd dealers. 2 on Dax, 5 on Dow, 0.8 on S&P. Maybe they get tighter once they go live with this.

Also, the way they are doing it is not very Oanda-esque. Its a fixed contract size (i.e. 1 Euro per Dax point per cfd). Thats kind of at odds with their FX product strategy where there is no minimum ticket size. You could compare their new CFDs with dealing with fixed 10K contracts in FX. I would have liked it much more if it was a better fit to their overall product:...
thanks for the tip, I appreciated it
Quoting Binyamin
OMG! That's awesome! Btw after further reading the restrictions is only for American residence and its territories...... and irony considering Oanda started in America.
Actually, they are Canadian. HQ'd in Toronto.
FXGears.com
well, that's it for me with Oanda

trading EURNZD, SL at 1.6270
at 1229 GMT, 28th March, low of 1.62699 was reached on OA's charts, low for most other br0kers was 1.6289ish

of course my position was stopped

OA rep, basically informed me it was all legit at OA's end, market fair value is irrelevant for MMs......apparently

stay away from this br0ker, on the street, most would call this theft
yes. Oanda spread widening sucks.
sucks is an understatement, it is legalised theft

Quoting zonrokoy
yes. Oanda spread widening sucks.
Quoting PeterE
sucks is an understatement, it is legalised theft
No it's not theft and it's not their fault. You know why? Because they've already told you that they reserve the right to widen their spreads AND gave you their spread history to show you how they do it. And you still joined them anyway.

I could never freely day-trade with that kind of shit going on everyday. Day-traders/scalpers can easily avoid this by switching to a true ECN with raw spreads. I've said many times in this thread, and yet people still choose to join the spread-widening market maker and then come complaining about getting stopped out by spread widening.
Oanda does tell you that spreads widen and even show it to you via historical spreads. But where it does lie is when it tries to make it look like it's not their doing but rather that of its data providers, and that it's simply passing on that widening to you the trader.

Quote
Global market liquidity and volatility can result in large spread increases on the foreign exchange markets following news announcements, during political uncertainty, or at the close of the business day and on weekends when liquidity is lower. At such times OANDA is forced to pass on some of the spread increases to its clients.

Source: http://fxtrade.oanda.com/why/spreads/recent


This is such bullshit. Oanda is a market maker. IT widens the spreads to protect its bottom line (though spreads can widen a bit in the real market when liquidity is low, just not THIS much).
Quoting Marv
And you still joined them anyway.
Actually Marv, OA somewhere in their propaganda state that they enter the interbank market when internal liquidity dries up, hence removing, as a general rule the need to widen spreads under normal trading conditions. I took this in good faith.

Hence this type of BS shouldn’t occur under normal trading conditions. But it does because OA don’t want to pay the cost of entering the interbank market, plus it’s a nice way to make a buck.......via spread widening.

Nevertheless, OA behave contrary to their own propaganda.

That said, I was testing their performance……….lesson learnt, I will not be funding this account to any significant level. PERIOD!

Who do you trade through Marv?
.
Quoting PeterE
Nevertheless, OA behave contrary to their own propaganda.
Agreed.

Quoting PeterE
Who do you trade through Marv?
LCG (currenex).

Also currently testing Dukascopy.
Quoting Marv
LCG (currenex).

Also currently testing Dukascopy.
thanks , i'll check them out
.
Quoting PeterE
Actually Marv, OA somewhere in their propaganda state that they enter the interbank market when internal liquidity dries up, hence removing, as a general rule the need to widen spreads under normal trading conditions. I took this in good faith.

Hence this type of BS shouldn’t occur under normal trading conditions. But it does because OA don’t want to pay the cost of entering the interbank market, plus it’s a nice way to make a buck.......via spread widening.

Nevertheless, OA behave contrary to their own propaganda.

That said,...
well you can consider this the modus operandi for most MMs out there. As they dun charge commissions, that's the only way they make their buck and like all unregulated humans they tend to get greedy at times. The only way to avoid excessive spread widening would be to avoid MMs altogether and stick to a reputable ECN...
i understand it

as stated earlier,

Quote
OA somewhere in their propaganda state that they enter the interbank market when internal liquidity dries up, hence removing, as a general rule the need to widen spreads under normal trading conditions. I took this in good faith.

Quoting MiG123
well you can consider this the modus operandi for most MMs out there. As they dun charge commissions, that's the only way they make their buck and like all unregulated humans they tend to get greedy at times. The only way to avoid excessive spread widening would be to avoid MMs altogether and stick to a reputable ECN...
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