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  • #8,721
  • Sep 19, 2013 12:33am Sep 19, 2013 12:33am
Quoting pamboys09
guys where to buy order?? before the news??? just buy when the news is about to start ??? and sl 10 pips and put breakeven once profit?

OMG don't be so lazy...
  • #8,722
  • Sep 19, 2013 12:51am Sep 19, 2013 12:51am
will risk a 7 pips sl for this upcoming news : GBP Retail Sales m/m , anyone with me ?
  • #8,723
  • Sep 19, 2013 1:44am Sep 19, 2013 1:44am
Quoting Tony112
I think a lot of people will become rich because of this thread. Take advantage while the info is there lol! We never know
Hi Tony!

I have a question about stops when you trade only Long 2 minutes before the news. Does Oanda have slippage on your stop loss when the trade goes very fast in the wrong direction?
Because I had no slippage at marketindex when trading eur/usd, but at gbp/usd the stop loss slipped, I had a stop of 7 pips and the slippage was 12 pips, so I had a stop loss of -19 pips! :-(
Does oanda also slipp on stops?
Erkro
  • #8,724
  • Sep 19, 2013 1:50am Sep 19, 2013 1:50am
Hi Ekro, I'm using oanda live account , I also had slippage in the last news , I had put a sl at 7 pips but it was closed at -18 pips due to spread wide up to 20 pips.
I think all broker more or less suffer of this issue during news , as far as I can see there's no way to overcome this issue.

Cheers,
Skyline
  • #8,725
  • Sep 19, 2013 2:13am Sep 19, 2013 2:13am
Hi Skyline!
Thanks for your answer! I had Oanda some years ago, but I dont remember if there was slippage on stops. I am now at marketindex life account and since around 12 month I had 1 pip spread also at NFP and no slippage on eur/usd. I didn't trade GBP, but today I thinked I try it. It was a bad mistake, it was more than I wrote in my post before, it was -30 pips instead of -7 pips. :-(
It was only 50% of the units, but it is very bad, so I should only trade eur/usd for the next month, then I will activate my oanda account!
It is no problem, because I made around 2000% since december 2012 (for those who are saying that doesnt work! :-) ), but I don't like when brokers take our money with slippage.
Thanks for your help!
Erkro
  • #8,726
  • Sep 19, 2013 2:23am Sep 19, 2013 2:23am
Quoting erkro
Hi Skyline! Thanks for your answer! I had Oanda some years ago, but I dont remember if there was slippage on stops. I am now at marketindex life account and since around 12 month I had 1 pip spread also at NFP and no slippage on eur/usd. I didn't trade GBP, but today I thinked I try it. It was a bad mistake, it was more than I wrote in my post before, it was -30 pips instead of -7 pips. :-( It was only 50% of the units, but it is very bad, so I should only trade eur/usd for the next month, then I will activate my oanda account! It is no problem,...

You're welcome Erkro, i'm using oanda account since past week so I cannot say if historically it's good on slippage but I see Tony made his fortune trading with them so i guess they are good.
Nice to see you did 2000% profit, did you use previous Tony's methods (London/NY Open or 8-10 pips on 5 sec candle continuation) ?

I will give another try later at 12.30 (gmt) USD Building Permits, this time will trade on EU.

Cheers,
Skyline
  • #8,727
  • Edited 3:09am Sep 19, 2013 2:46am | Edited 3:09am
I had an oanda account for around 3 or 4 years in the past, but I used another method where spread and slippage was not so important.
Thanks for your informations about it.
Please dont understand me wrong, I dont want to brag, but I read from some traders who are using Tonys method for 1 week and explain that it doesnt work! :-)
At first I was trading 5 or 8 pip candles, then the opens and it worked also. But from mid december 2012 I was only trading the news manually, I mean when price took off I was buying or selling, that was very stressful, because when it goes very fast, like NFP you are very late in the trade. After around 3 month I started to set a buy stop 7 pips above and a sell stop 7 pips below the price 10 seconds before the news, both with a 5 pip stop loss, and it worked very well. I know with O..... spread it would not work, but at marketindex I had 1 pip spread and no slippage.
At the beginning I could not believe what I saw, but my broker will close his platform in 2 month! :-(
It was also Oanda technology, same platform same charts........
So I am looking for another good broker, I think I have to go back to Big O....
Erkro
  • #8,728
  • Edited 5:54am Sep 19, 2013 5:28am | Edited 5:54am
Quoting erkro
I had an oanda account for around 3 or 4 years in the past, but I used another method where spread and slippage was not so important. Thanks for your informations about it. Please dont understand me wrong, I dont want to brag, but I read from some traders who are using Tonys method for 1 week and explain that it doesnt work! :-) At first I was trading 5 or 8 pip candles, then the opens and it worked also. But from mid december 2012 I was only trading the news manually, I mean when price took off I was buying or selling, that was very stressful,...


What about someone like http://www.barx.com/client-offering/...-exchange.html

Is that similar to marketindex?

Or LMAX: http://www.forexfactory.com/showthread.php?t=266866
  • #8,729
  • Sep 19, 2013 7:17am Sep 19, 2013 7:17am
Hi 4Xfactor!

Thanks for your informations. I am also testing dukaskopy.
  • #8,730
  • Sep 19, 2013 7:37am Sep 19, 2013 7:37am
cant see it working. Can some1 guide to the post where it actually explains how to use it?

From the screenshot you can see that on the news price went down. So you enter the trade. But it went back again, or its just one not valid entry? Because for me it looks like that its a lot of them where you can get caught.
Attached Image (click to enlarge)
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  • #8,731
  • Sep 19, 2013 8:18am Sep 19, 2013 8:18am
Quoting cmonforex
cant see it working. Can some1 guide to the post where it actually explains how to use it? From the screenshot you can see that on the news price went down. So you enter the trade. But it went back again, or its just one not valid entry? Because for me it looks like that its a lot of them where you can get caught. {image}

This is not the best news to trade.
  • #8,732
  • Sep 21, 2013 8:09am Sep 21, 2013 8:09am
Quoting erkro
{quote} Hi Tony! I have a question about stops when you trade only Long 2 minutes before the news. Does Oanda have slippage on your stop loss when the trade goes very fast in the wrong direction? Because I had no slippage at marketindex when trading eur/usd, but at gbp/usd the stop loss slipped, I had a stop of 7 pips and the slippage was 12 pips, so I had a stop loss of -19 pips! :-( Does oanda also slipp on stops? Erkro

My experience with Oanda is that they put a big spread in order to not slip. I've never had any slippage problems with them only 1 time over a week-end trade which is exceptional. I would say Oanda is good on anti-slipping.
Invest in alarm clocks
  • #8,733
  • Sep 21, 2013 10:01am Sep 21, 2013 10:01am
Hi Tony!
Thanks for your answer!
I understand that you also avoid slippage when you buy 2 minutes before news, but had you ever slippage on your stop loss? Did your stops always hold, also when there were big news?
  • #8,734
  • Sep 22, 2013 10:44am Sep 22, 2013 10:44am
Quoting erkro
Hi Tony! Thanks for your answer! I understand that you also avoid slippage when you buy 2 minutes before news, but had you ever slippage on your stop loss? Did your stops always hold, also when there were big news?

Yup, the stops hold. Oanda respects pretty much. I've experienced slippage with other brokers.
Invest in alarm clocks
  • #8,735
  • Sep 22, 2013 1:04pm Sep 22, 2013 1:04pm
Upcoming for the week:
______________________

(EUR/USD) French Flash Manufacturing PMI, Mon Sep 23th 2:58 am N.Y. Time
How to trade:

-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 8 PIPS SL / TP 50 PIPS
-Retract SL to 0 as soon as in profit

--------------

(EUR/USD) German Flash Manufacturing PMI, Mon Sep 23th 3:28 am N.Y. Time

-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 10 PIPS SL / TP 50 PIPS
-Retract SL to 0 as soon as in profit

--------------

(EUR/USD) German Ifo Business Climate, Tue Sep 24th 4:00 am N.Y. Time

-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 10 PIPS SL / TP 50 PIPS
-Retract SL to 0 as soon as in profit

--------------


(GBP/USD) Current Account, Thu Sep 26th 4:30 am N.Y. Time

-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 12 PIPS SL / TP 50 PIPS
-Retract SL to 0 as soon as in profit

--------------



These are our money-makers! Don't miss them.
Trade at your own risk, market could go in an opposite way and make you lose your money!
Invest in alarm clocks
  • #8,736
  • Sep 22, 2013 9:53pm Sep 22, 2013 9:53pm
Epic week-end. I'm forever young.
Invest in alarm clocks
  • #8,737
  • Sep 22, 2013 9:54pm Sep 22, 2013 9:54pm
Going for a nap, alarm is set at 2:50 am
Invest in alarm clocks
  • #8,738
  • Sep 22, 2013 10:36pm Sep 22, 2013 10:36pm
Quoting erkro
Hi 4Xfactor! Thanks for your informations. I am also testing dukaskopy.

Dukascopy have big slippage! Tested
  • #8,739
  • Sep 22, 2013 11:22pm Sep 22, 2013 11:22pm
hi Tony , thanks for this interesting thread.
just two questions: does it make any difference if i'm trading with MT4 on the 1min Chart or oanda 5sec Chart? i like to trade more with mt4.
and: if you go Long all the time how many % are winners? or in how many % the Price is just falling and you're stopped out?
thank you for your effort Tony, cheers mex
  • #8,740
  • Sep 23, 2013 12:01am Sep 23, 2013 12:01am
Stopped at BE.
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