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OANDA Discussion

  • #3,261
  • Dec 20, 2012 1:48am Dec 20, 2012 1:48am
Quoting pemully
hi guys,

how do i link my fxtrade account to mt4 so that i can trade from either platform on same account.When I try to open mt4 account it happens to be a subaccount with 0 balance.

regards.
You need to open an MT4 account with them. Your Fxtrade account # doesn't work with MT4. Atleast thats how it use to be.
Damn The Torpedoes, Full Speed Ahead!
  • #3,262
  • Dec 20, 2012 6:15am Dec 20, 2012 6:15am
Quoting pemully
hi guys,

how do i link my fxtrade account to mt4 so that i can trade from either platform on same account.When I try to open mt4 account it happens to be a subaccount with 0 balance.

regards.
Use the funds management section of your online login (same place you created the MT4 account) and transfer your desired balance into the MT4 sub-account.

Then, from within fxTrade, you can switch to the new sub-account and manage trades there, plus log into MT4 and execute trades just the same.

Trades less than $1k in fxTrade won't show up on MT4 (since it can't handle odd lot sizes,) and trades that are above $1k but not divisible by $1k (eg. $12,244) will be shown rounded down to the nearest microlot in MT4.

You will see balance adjustments (post-trade) on the MT4 side of things to account for the differences odd lots will have on your total balance.
FXGears.com
  • #3,263
  • Dec 24, 2012 6:08pm Dec 24, 2012 6:08pm
what about paying taxes? if i were to open an account with oanda and then deposit and withdraw with paypal, do i still have to pay taxes on any profits i make?
  • #3,264
  • Dec 26, 2012 5:50am Dec 26, 2012 5:50am
When trading with oanda will resume? does someone know?

i c prices moving on finviz.com...
  • #3,265
  • Dec 26, 2012 10:52am Dec 26, 2012 10:52am
Quoting metrodream
When trading with oanda will resume? does someone know?

i c prices moving on finviz.com...
finviz.com is delayed. it doesn't update frequently and it focuses on a much longer time frame. this is if you are using the free service. if you paid for the elite, then chances are the prices will be moving a bit more/ a bit more active as brokers only receive prices from their liquidity providers. however, they should be relatively the same.
  • #3,266
  • Dec 30, 2012 5:51am Dec 30, 2012 5:51am
Oanda: have you considered implementing a functionality allowing positions to be transferred between (sub)accounts? I don't know how feasible it would be but I've often wished to be able to move a position from my main trading account into a subaccount, so that I could just leave it to develop there without it interfering with any daytrading or accidentally exiting it. I know I *could* have two subaccounts, one long and one short and trade accordingly in each, but I would really like to be able to daytrade long/short in my main account, and when I have a position I want to stick with, transfer it to my long or short subaccount (two so that opposing positions don't close each other out) and continue to daytrade in my main account. Like this I could keep using one click trading without accidentally exiting positions, but at the same time some trades could be moved to "incubator" accounts so they can hopefully develop further... if that makes sense?
  • #3,267
  • Dec 31, 2012 12:21pm Dec 31, 2012 12:21pm
has Oanda halted trading on their platform or what? prices have not moved on any pair in the last 20+ mins, not even by a pippette. Anyone else see the same ?
  • #3,268
  • Dec 31, 2012 12:23pm Dec 31, 2012 12:23pm
Halted for happy new year.
  • #3,269
  • Jan 2, 2013 7:40am Jan 2, 2013 7:40am
Hi guys,

is there any chance to take partial profits with the free version of OANDA?
I know that you could place limit orders that reduce the position of the current one, but this is only a very bad option for me.
  • #3,270
  • Jan 3, 2013 12:19am Jan 3, 2013 12:19am
Quoting savingpig
Hi guys,

is there any chance to take partial profits with the free version of OANDA?
I know that you could place limit orders that reduce the position of the current one, but this is only a very bad option for me.
Just take the desired size as a trade against the direction of your existing position. It should just reduce the position size of the trade you have on. You may get a popup asking for a confirmation of the order, but you can turn this confirmation off in fxTrade's settings (should be the 'confirm position reversal' checkbox, deselect it.)

Also, I have no idea what you mean by "free version of Oanda".. if you mean their practice (demo) account, then it should work the same as live.

Hope that helps.
FXGears.com
  • #3,271
  • Jan 3, 2013 4:21am Jan 3, 2013 4:21am
Quoting Jack_Larkin
Just take the desired size as a trade against the direction of your existing position. It should just reduce the position size of the trade you have on. You may get a popup asking for a confirmation of the order, but you can turn this confirmation off in fxTrade's settings (should be the 'confirm position reversal' checkbox, deselect it.)

Also, I have no idea what you mean by "free version of Oanda".. if you mean their practice (demo) account, then it should work the same as live.

Hope that helps.
I tried your solution before but sometimes it doesn't work that fine: I like to place limit orders and it happened one or two times that first my "partial profit"-limit order got hit and then later my regular order. I will upload an example later when I'm on my computer.
  • #3,272
  • Jan 3, 2013 5:52am Jan 3, 2013 5:52am
So here is an example:

I wasn't able to be at the computer around the time when the limit buy got hit so I couldn't put a limit sell at the yellow line where I would have taken half of my profit.

Hope my problem is clearer now. Would be great, if OANDA could respond if there will be an option to take partial profits in the future!
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  • #3,273
  • Jan 3, 2013 6:02am Jan 3, 2013 6:02am
how do you guys calculate position size for cfds eg.corn,natgas.

lets say I want to risk 2% based on volatility.

any help appreciated.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #3,274
  • Jan 3, 2013 6:08am Jan 3, 2013 6:08am
Quoting savingpig
So here is an example:

I wasn't able to be at the computer around the time when the limit buy got hit so I couldn't put a limit sell at the yellow line where I would have taken half of my profit.

Hope my problem is clearer now. Would be great, if OANDA could respond if there will be an option to take partial profits in the future!
Hi Savingpig,

Just use 2 different orders to enter. Suppose you want to enter 2000 units and scale out 500 units at the yellow line, use 2 separate orders of 1500 and 500 units to enter the trade. Set the TP of the second order at the yellow line and set the other TP at your final target.
  • #3,275
  • Jan 3, 2013 1:07pm Jan 3, 2013 1:07pm
That's a very good idea, thank you very much.
  • #3,276
  • Jan 3, 2013 6:39pm Jan 3, 2013 6:39pm
Quoting savingpig
That's a very good idea, thank you very much.
you are welcome
  • #3,277
  • Jan 5, 2013 5:03am Jan 5, 2013 5:03am
i have a question which has probably already been answered is the fxtrade demo news identical to the live account? is it delayed at all i would near open an account just for oandas ifr news

WENDIGO
  • #3,278
  • Jan 6, 2013 10:40am Jan 6, 2013 10:40am
Hello!

Im having problem validating my adress for oanda... they ask for

we require either a current utility bill (water bill, gas bill, water bill, home phone bill), ive sent them my rent bill which includes power, water etc etc. they did not accept.

a bank statement, ???

credit card statement, dont own a credit card..

council tax bill, ???

a letter prepared and stamped by your bank or a valid government issued non expired driver's license, dont own a drivers licence..

Any tips on how i can solve this?

thanks
  • #3,279
  • Jan 6, 2013 1:26pm Jan 6, 2013 1:26pm
Quoting Pipcatchu
Hello!

Im having problem validating my adress for oanda... they ask for

we require either a current utility bill (water bill, gas bill, water bill, home phone bill), ive sent them my rent bill which includes power, water etc etc. they did not accept.

a bank statement, ???

credit card statement, dont own a credit card..

council tax bill, ???

a letter prepared and stamped by your bank or a valid government issued non expired driver's license, dont own a drivers licence..

Any tips on how i can solve this?

thanks...
Do you have a phone bill? Cellphone? This can work for the utility bill. Anything mailed to you that's a service and has your address on the invoice.

Any paper from your bank with your current address on it, be it a statement or just a letterhead from them.

You don't need much to satisfy their ID and document requirements, but it must be legit.
FXGears.com
  • #3,280
  • Jan 6, 2013 1:34pm Jan 6, 2013 1:34pm
no phone bill, no cellphone bill.

i dont get anything mailed to me which is service... water, power, internet everything goes in the rent.. same paper. I get this via email. they dont accept this.

I dont get any paper from my bank, everything goes to my internetbank via autogiro. On my internetbank my adress is nowhere to be seen, which is one of the requirements...
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