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  • #3,401
  • Feb 15, 2013 9:21pm Feb 15, 2013 9:21pm
Quoting dforant1
I use stop limit entries. Rarely have a problem except when shorting and no up tick occurs. I don't want any trades before my entry point. Only thing I like about Oanda is they are right on the money with my entries and closes. Demoing MBT Pro now. Sometimes have to get my order in in a few seconds of the new 5m candle. Trying to work it from MBT Market Depth or sliding Open line on chart. A little clumsy so far but I'll get comfortable and make the move over to MBT. Too much negativity with Oanda and they don't come out to defend. There's enough...
LOrds actually do help keeping commissions in check somewhat....its a good way to learn to trade as well...ur right the dtpro is a bid clumsy..but if u get big enough u may have to look at the futures exchange anyway...if there is a prblm they are a direct phonecall away...(very quick 2-3ring pickup) with the wildwest fx brokers ur left hanging out to dry...so be careful . have U ever tried to contact one during trading hrs? Oanda usually responds real fast via e-mail.....no phones though....also Oanda's MT4 and ordering platform seems to be very stable... what type of issues did u have with ur broker if I may ask?
  • #3,402
  • Feb 16, 2013 11:48am Feb 16, 2013 11:48am
Quoting TraderPablo
LOrds actually do help keeping commissions in check somewhat....its a good way to learn to trade as well...ur right the dtpro is a bid clumsy..but if u get big enough u may have to look at the futures exchange anyway...if there is a prblm they are a direct phonecall away...(very quick 2-3ring pickup) with the wildwest fx brokers ur left hanging out to dry...so be careful . have U ever tried to contact one during trading hrs? Oanda usually responds real fast via e-mail.....no phones though....also Oanda's MT4 and ordering platform seems to be very...

I'm still with Oanda and FXtrade platform. To be honest I have no problems
with Oanda. The amount of negative posts of trading against accounts and
stop hunting have made me leary of continuing with them. An ECN seems the
logical safe way to go. At least there are no middle men or dealing desks
to get corrupted. There are times I feel I have been hunted or certain
situations may be hunted etc. I may be paranoid without evidence. Just the
word on the street has me wondering. I trade 5m periods but am not going to
get into the machinery of my system. Maybe Big Brother is listening.
Paranoid huh? Well here is what I am not. I am not going to trade
wondering whether Company X is screwing me or not. I am going to move to a
ECN that is safer. I don't care if they don't have Pay Pal or whatever. If
it takes 5 days to withdraw so be it. I'm not broke. I don't see Oanda
defending themselves. I scalp taking 1 trade per hour. Things can get hot
at the turn of each hour. MBT I like but is a little awkward compared to
Oanda getting stop orders in. Oanda I just slide mouse to point on FX Trade
I want to enter and hit limit buy/sell and the order is set instantly and
instantly will be an order live when certain criteria is met. Presently
looking at MBT and sniffning others, preferably with PAMM or similar to
carry other accounts. I am making $$ and have gained 18 of last 21 days and
1 even. Why don't I stay with Oanda then? One doesn't tie down the lawn
furniture in a hurricane but at the first sight of calamity.
  • #3,403
  • Feb 17, 2013 9:29am Feb 17, 2013 9:29am
is oanda a reliable broker? i have been thinking lately to move my current forex account to oanda.
  • #3,404
  • Feb 17, 2013 2:48pm Feb 17, 2013 2:48pm
Quoting Ammeo
is oanda a reliable broker? i have been thinking lately to move my current forex account to oanda.
why not keep em both ? provides more trading options as well....
  • #3,405
  • Feb 17, 2013 2:51pm Feb 17, 2013 2:51pm
Quoting dforant1
I'm still with Oanda and FXtrade platform. To be honest I have no problems
with Oanda. The amount of negative posts of trading against accounts and
stop hunting have made me leary of continuing with them. An ECN seems the
logical safe way to go. At least there are no middle men or dealing desks
to get corrupted. There are times I feel I have been hunted or certain
situations may be hunted etc. I may be paranoid without evidence. Just the
word on the street has me wondering. I trade 5m periods but am not going to
get into the machinery of my system....
Why not keep them both... provides more trading options as well....
  • #3,406
  • Feb 17, 2013 5:41pm Feb 17, 2013 5:41pm
Quoting Ammeo
is oanda a reliable broker? i have been thinking lately to move my current forex account to oanda.
now there's an idea, get fleeced by both. Quick and humane.
  • #3,407
  • Feb 17, 2013 6:18pm Feb 17, 2013 6:18pm
apparently interest has to be declared once it hits the $50 mark. i was wondering how easy it is to obtain $50 in interest as based on my situation i do not have an account, but am thinking of opening an account for scalping which means trades will be open for maybe an hour tops? any chance i can avoid getting interest?
  • #3,408
  • Feb 17, 2013 9:13pm Feb 17, 2013 9:13pm
Quoting dforant1
now there's an idea, get fleeced by both. Quick and humane.
Better choices?..
  • #3,409
  • Feb 18, 2013 4:45am Feb 18, 2013 4:45am
Quoting Tradertuga
What the hell is wrong with the MCV (Margin Closeout Value)!? It's almost the same as the NAV?

What does it stands now for?
Does someone have any ideia of why the change in the MCV?
  • #3,410
  • Feb 18, 2013 12:32pm Feb 18, 2013 12:32pm
Yes, there's been something wrong with their margin calculations for the past few days. My margin level should be about 13% and it's showing on the console at 18%. I can't come up with the 18% figure anywhere.
  • #3,411
  • Feb 18, 2013 1:13pm Feb 18, 2013 1:13pm
Guys, better read explanations on the Oanda site.
  • #3,412
  • Feb 21, 2013 5:06am Feb 21, 2013 5:06am
Margin Closeout : The situation where all open positions in an account are closed immediately and automatically because the value of the account has fallen below the minimum margin needed to cover the size of existing positions. (Sometimes also called "margin call" in forex.)

http://fxtrade.oanda.co.uk/learn/forex-glossary#

Something new we should know?
  • #3,413
  • Feb 21, 2013 11:34pm Feb 21, 2013 11:34pm
The new dynamic spreads are costing me money. When I close out a trade to take profit, the amount paid to my account is usually less than what my chart reads. Not good! Anyone else notice this?
  • #3,414
  • Feb 22, 2013 10:50am Feb 22, 2013 10:50am
Quoting snowlion
The new dynamic spreads are costing me money. When I close out a trade to take profit, the amount paid to my account is usually less than what my chart reads. Not good! Anyone else notice this?
I thought the spreads were always floating? not sure how you can lose money as when you buy, you are paying the ask price and closing with the bid price. so your stop loss and take profits are registered with your bid price. potential issue you could be encountering is setting your stop loss too close to the bid price and a sudden widening in the spreads is causing your stop loss to be exercised.

could that be it?

my suggestion would be to just widen your stop loss (lower it) and give your trades a bit more breathing room.
  • #3,415
  • Feb 22, 2013 11:11am Feb 22, 2013 11:11am
I have noticed when execute a market trade, the fxtrade platform sometimes set the default TP or SL incorrectly, with a 0.1-0.7 pips deviation.
  • #3,416
  • Feb 22, 2013 7:42pm Feb 22, 2013 7:42pm
haven't used them on a live account, just demo-ed on their fxunity platform. however, just learned today that their fxunity webtrader is going to close down. i am considering using a cash account with them for scalping, but now i am a bit hesitant because of this, what you just said of the tp. my tp is usually at 2 pips for scalping so not sure what i'm going to do now.
  • #3,417
  • Feb 25, 2013 3:46pm Feb 25, 2013 3:46pm
The spreads on Oanda EUR/JPY are fluctuating from 2.5-5 in one or two seconds. Absurd!
  • #3,418
  • Edited Mar 5, 2013 10:04am Mar 4, 2013 8:13pm | Edited Mar 5, 2013 10:04am
Quoting snowlion
The spreads on Oanda EUR/JPY are fluctuating from 2.5-5 in one or two seconds. Absurd!
Main intra-day session where there is most volatility tells different story.
Data to plot the chart has been taken from this link http://fxmanager.org/OANDA/historical-spread-data/

side note, tick average per second has been around 3 ticks/sec in EURJPY in that main session

EDIT: Chart corrected because of copy&paste error of summarized data to Excel
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 34 KB
  • #3,419
  • Mar 5, 2013 9:33am Mar 5, 2013 9:33am
Quoting orabi
this is the most un honest broker i traded with them for 15 years in different periods .they play with your nerve in connection they disconnect when you are in profit there platform is so bad they trade against you and they hunt your stop loss even if price is not reached they take you out i lost a lot because of that my internet is 25 megabit speed you understand what this connection is 25 megabit speed you can use it to watch movies online despite that they disconnect me if i am in a profit trade and that really make your nerves go wrong and...
i was wrong about this opinion i had a great time with oanda from 2003 my first account with them i am sorry if i carried out as i lost a lot in this market above 200k in dollars and sorry oanada again i think they have great service only the connection problem and they also have safety of funds and fast execution some times i have profit from just entering a trade but my money management is bad so i loss it fast back i reported the two reply to be deleted by moderator
i love oanda but i can not trade with you any more because i am muslim and i can not take interest so keep it up and please make interest free accounts
focus while relaxed to see better
  • #3,420
  • Mar 5, 2013 12:58pm Mar 5, 2013 12:58pm
Quoting orabi
i was wrong about this opinion i had a great time with oanda from 2003 my first account with them i am sorry if i carried out as i lost a lot in this market above 200k in dollars and sorry oanada again i think they have great service only the connection problem and they also have safety of funds and fast execution some times i have profit from just entering a trade but my money management is bad so i loss it fast back i reported the two reply to be deleted by moderator
i love oanda but i can not trade with you any more because i am muslim and...
They have a Dubai office and they'll give you an interest free account if you're Muslim. I know this for a fact.
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