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Broker increasing the spread after my trade goes in the green

  • #1
  • First Post: Oct 13, 2013 4:49pm Oct 13, 2013 4:49pm
so I can not scalp for profit. Has this ever happened to you? I have noticed that when I trade big lots they often do this. For instance the spread is now 10 pips for eur/jpy.. I should be in the green but I'm still in the red because of the spread.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #2
  • Oct 13, 2013 4:53pm Oct 13, 2013 4:53pm
also my terminal will go dead often when I have a big trade open.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #3
  • Oct 13, 2013 4:57pm Oct 13, 2013 4:57pm
Welll I was finally able to take some profit off of trade - should have been a lot more and it changed my trading strategy. I just wanted to get out of this trade. manipulators! beware of Oanda.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #4
  • Oct 13, 2013 4:58pm Oct 13, 2013 4:58pm
In case you are wondering why I haven't left is 1. I've had more problems with other brokers in forex. and 2. I'm going to sue them if they keep doing this.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #5
  • Oct 13, 2013 5:02pm Oct 13, 2013 5:02pm
Quoting england33
In case you are wondering why I haven't left is 1. I've had more problems with other brokers in forex. and 2. I'm going to sue them if they keep doing this.
are you actively monitoring and saving the spread somewhere? otherwise you won't have the slightest chance to sue them. They will just say that this can't be true and that you must be mistaken.
  • #6
  • Oct 13, 2013 9:33pm Oct 13, 2013 9:33pm
Quoting england33
so I can not scalp for profit. Has this ever happened to you? I have noticed that when I trade big lots they often do this. For instance the spread is now 10 pips for eur/jpy.. I should be in the green but I'm still in the red because of the spread.
What do you call big lots ?
  • #7
  • Oct 13, 2013 9:41pm Oct 13, 2013 9:41pm
low liquidity day spread can go little wide
Mohan
  • #8
  • Oct 13, 2013 10:06pm Oct 13, 2013 10:06pm
Quoting lasty
{quote} What do you call big lots ?
full sized usually multipe lots. I've never had a problem with smaller lots.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #9
  • Oct 13, 2013 10:06pm Oct 13, 2013 10:06pm
Quoting mohan76
low liquidity day spread can go little wide

or when I put a lot of money on the table. funny how the spread suddenly changes after my trade is placed and my trade goes in my favor.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #10
  • Oct 13, 2013 10:10pm Oct 13, 2013 10:10pm
Quoting england33
{quote} or when I put a lot of money on the table.

do you have 2nd account with low spread ? i don't trade with oanada but there website shows they had high spread today ,

http://fxtrade.oanda.com/why/spreads/recent
Mohan
  • #11
  • Oct 14, 2013 6:25am Oct 14, 2013 6:25am
Quoting england33
{quote} or when I put a lot of money on the table. funny how the spread suddenly changes after my trade is placed and my trade goes in my favor.

that is a norm with every broker. grow up and add extra 5 pips to cost of entering trade.

if broker is good will not play 'technical problems' when you winning.
  • #12
  • Oct 14, 2013 8:27am Oct 14, 2013 8:27am
Quoting seaman2
{quote} that is a norm with every broker. grow up and add extra 5 pips to cost of entering trade. if broker is good will not play 'technical problems' when you winning.
not sure I agree semen
  • #13
  • Oct 14, 2013 8:57am Oct 14, 2013 8:57am
Quoting england33
In case you are wondering why I haven't left is 1. I've had more problems with other brokers in forex. and 2. I'm going to sue them if they keep doing this.
did u try mb trading as well?
  • #14
  • Oct 14, 2013 9:57am Oct 14, 2013 9:57am
Quoting england33
{quote} or when I put a lot of money on the table. funny how the spread suddenly changes after my trade is placed and my trade goes in my favor.
I've heard this from a couple of other traders but I don't think they were with Oanda.
What I do know is that some brokers will fill your small orders internally and take the other side of your trade (They become the counter party to your position). However, if it is a large order and they don't want to take the risk, they will fill your order in the market.
Oanda's order desk offers some of the best spreads, but if they pass it on, then what you get for spread can be quite volatile... especially in low liquidity markets.

Therefore, I would not call this manipulation at all. It's more likely liquidity and fill price related.

May I suggest that instead of placing one order for 5 standard lots, try instead to split it up into 5 different orders at 1 standard lot each.
Those who say it cannot be done should not interrupt those who are doing it
  • #15
  • Oct 14, 2013 10:55am Oct 14, 2013 10:55am
Whatever the spread was, there is no "individual pricing", every oanda client sees the same price. If it is the most competitive price, that is another question. But i doubt they spike the spread to just stop out a few lots from an individual trader - thats just peanuts in the grand scheme of things. You can check their tick-by-tick price history here:

http://fxtrade.oanda.com/analysis/fxcompare
  • #16
  • Oct 14, 2013 4:02pm Oct 14, 2013 4:02pm
Quoting TheMaxx
{quote} not sure I agree semen
you may not agree and not like it but this is how it is.

fooling yourself does no good.

if you think bucket fx shop can provide overall better execution than FX futures market without going broke, then I call you optimist.

if on surface looks better, sooner or later your profits will be chopped one or another way.
  • #17
  • Oct 14, 2013 4:22pm Oct 14, 2013 4:22pm
Quoting england33
{quote} full sized usually multipe lots. I've never had a problem with smaller lots.
100 lots ?
  • #18
  • Oct 15, 2013 3:29am Oct 15, 2013 3:29am
Quoting seaman2
{quote} you may not agree and not like it but this is how it is. fooling yourself does no good. if you think bucket fx shop can provide overall better execution than FX futures market without going broke, then I call you optimist. if on surface looks better, sooner or later your profits will be chopped one or another way.
I don't think all non-futures FX brokers are bucket shops
  • #19
  • Oct 15, 2013 7:43am Oct 15, 2013 7:43am
Quoting seaman2
{quote} you may not agree and not like it but this is how it is. fooling yourself does no good. if you think bucket fx shop can provide overall better execution than FX futures market without going broke, then I call you optimist. if on surface looks better, sooner or later your profits will be chopped one or another way.
  • #20
  • Oct 15, 2013 10:15am Oct 15, 2013 10:15am
Quoting TheMaxx
{quote} I don't think all non-futures FX brokers are bucket shops
until the fx market provides a central data hub....banks will and can skew prices...presently we have a "wild west" data delivery system ....causing price differences depending which bank pool the broker pulls from....
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