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  • #3,721
  • Feb 8, 2014 8:36am Feb 8, 2014 8:36am
Quoting trader121
{quote} Stop Hunting? Are you crazy? Oanda does NOT stop hunt. Don't blame your losses on others.

Not much of a constructive comment.

Anyhow, since Oanda sets the bid and ask price when the market swings wildly in one direction for seconds, if there is a bunch of stop loses on near market prices they can adjust the price downwards and who is the wiser. And then there are those like you who will defend Oanda saying people should not blame Oanda when it takes advantages of people setting stop loses where Oanda knows exactly where they are.

Anyhow, I'm going to get away from placing stop loses orders and let my system initiate a stop loss bases on a formula that will use real price data verses Oanda's price data.
  • #3,722
  • Feb 8, 2014 1:18pm Feb 8, 2014 1:18pm
hi. does anyone know if the oanda slippage is present also in the demo account?
  • #3,723
  • Feb 12, 2014 10:32pm Feb 12, 2014 10:32pm
No, it's not the same. Spreads are the same, however as to slippage I seem to remember that it does not slip at all. However with that said, the worst I've seen OANDA on my accounts is only a few pips.
  • #3,724
  • Feb 17, 2014 2:45pm Feb 17, 2014 2:45pm
Quoting foxerr
hi. does anyone know if the oanda slippage is present also in the demo account?
Slippage is not present in the demo account, but is in the live account unfortunately. such is life
  • #3,725
  • Feb 19, 2014 6:24am Feb 19, 2014 6:24am
Was the spread that big in nzdchf at 5:10 EST?

Never seen this happen.

Fortunately this was a demo account
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  • #3,726
  • Feb 19, 2014 6:37am Feb 19, 2014 6:37am
What happened on the eur/usd around 10:26 cet?

The bid suddenly dropped like a rock (and spread went from 1 to 15 and back to 1 in a couple seconds) on my oanda feed (see second image, m1). Did was not the case at fxpro (see first image, m5) nor any of my other brokers.

One would suspect news related but gbp news came out at 10:30 cet, and even more important there wasn't a any increase in volume (see third image, m1), this is important cause dynamic spread at oanda monitors this.

And why would the bid move when spread increases, when spread increases the ask moves not the bid.

Any ideas?

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  • #3,727
  • Feb 19, 2014 7:11am Feb 19, 2014 7:11am
Quoting dekpips
{quote} Slippage is not present in the demo account, but is in the live account unfortunately. such is life

There's a difference between slippage and the Market Maker/Dealer increasing the spread. Slippage occurs when the market itself gaps and you have a Market Sell Order and the price gaps between you hitting sell and the ability of the broker to fill the order.

On the other hand, when you are trading with Oanda, they are the other party, and they determine the bid and ask prices, and they can widen them in order to profit and they do.

They just don't do this on Demo Accounts because that would make these potential new player in the game to loose heart and realize that the odds are stacked in the houses favor like it is with Black Jack.
  • #3,728
  • Feb 19, 2014 7:19am Feb 19, 2014 7:19am
Quoting TradeSmarter
{quote} There's a difference between slippage and the Market Maker/Dealer increasing the spread. Slippage occurs when the market itself gaps and you have a Market Sell Order and the price gaps between you hitting sell and the ability of the broker to fill the order. On the other hand, when you are trading with Oanda, they are the other party, and they determine the bid and ask prices, and they can widen them in order to profit and they do. They just don't do this on Demo Accounts because that would make these potential new player in the game to...
there is far better bang for the buck out there than Oanda. Easy to find.
  • #3,729
  • Feb 19, 2014 8:18am Feb 19, 2014 8:18am
Been with Oanda now for nearly 6 yrs but it's now time for a change. They really are trying to turn the whole game into casino style trading and thats just not for me.
It's no good when you have to close out half your positions around news because you dont want to be caught by widening spreads (120 plus on GBP/NZD) !
Anyone recommend a good broker. Not just a good platform but the whole package,consistently being able to withdraw without any probs,reasonable ,competitive spreads etc. I'm considering Alpari and Dukascopy at the moment??? Cheers
Where price is now, it has been before, and will be again.
  • #3,730
  • Feb 19, 2014 8:37am Feb 19, 2014 8:37am
Quoting Jenx
Been with Oanda now for nearly 6 yrs but it's now time for a change. They really are trying to turn the whole game into casino style trading and thats just not for me. It's no good when you have to close out half your positions around news because you dont want to be caught by widening spreads (120 plus on GBP/NZD) ! Anyone recommend a good broker. Not just a good platform but the whole package,consistently being able to withdraw without any probs,reasonable ,competitive spreads etc. I'm considering Alpari and Dukascopy at the moment??? Cheers
Totally agree. Oanda is daily losing its own good reputation. I am also considering move to Dukascopy. Looking on google you can find some IB's that give you back 40% in commissions (I prefer not to spam).
  • #3,731
  • Feb 19, 2014 8:48am Feb 19, 2014 8:48am
Quoting Kfx
{quote} Totally agree. Oanda is daily losing its own good reputation. I am also considering move to Dukascopy. Looking on google you can find some IB's that give you back 40% in commissions (I prefer not to spam).

The only think that really keeps me at Oanda right now is the fact that I lost most of my capital in a real nasty divorce. So I can only trade with micro lots right now. I wish there was another dealer that would do micro lots like Oanda. But with that said, since micro lots are not standard, in order to trade such lots one will always be working with a Market Maker/Dealer verses a true Broker. So, I guess it is more buyer beware, and don't show the other side your hand, and don't trade ever when the spread is wide since your are then just forking over to the dealer your winnings at that time.
  • #3,732
  • Feb 19, 2014 9:01am Feb 19, 2014 9:01am
Quoting TradeSmarter
{quote} The only think that really keeps me at Oanda right now is the fact that I lost most of my capital in a real nasty divorce. So I can only trade with micro lots right now. I wish there was another dealer that would do micro lots like Oanda. But with that said, since micro lots are not standard, in order to trade such lots one will always be working with a Market Maker/Dealer verses a true Broker. So, I guess it is more buyer beware, and don't show the other side your hand, and don't trade ever when the spread is wide since your are then just...
Dukascopy have microlots, minimum units trade size are 1000 (0.01), then you can increase 1 by 1 unit, for example 1001. and the minimum deposit is 100$.
  • #3,733
  • Feb 19, 2014 9:04am Feb 19, 2014 9:04am
Quoting Jenx
Been with Oanda now for nearly 6 yrs but it's now time for a change. They really are trying to turn the whole game into casino style trading and thats just not for me. It's no good when you have to close out half your positions around news because you dont want to be caught by widening spreads (120 plus on GBP/NZD) ! Anyone recommend a good broker. Not just a good platform but the whole package,consistently being able to withdraw without any probs,reasonable ,competitive spreads etc. I'm considering Alpari and Dukascopy at the moment??? Cheers
I use MB Trading, no problems. Desktop Platform a challenge but they offer MT4 also.
  • #3,734
  • Feb 19, 2014 9:55am Feb 19, 2014 9:55am
Decided it's definitely Dukascopy.Opened an account and my account manager has replied to my emails every time within minutes. I made an enquiry this pm because I wanted to know if I funded my account by card, would I be limited to withdrawing 125% of the deposited amount as is the case with Oanda.Apparently there is no limit ,so long as you withdraw to the account you deposited from.Also, and this is the clincher for me, the withdrawal fee is only 7.50 €! I've been paying 20€ with Oanda for the first each month and if I make a second,it costs 35€ !
Where price is now, it has been before, and will be again.
  • #3,735
  • Feb 19, 2014 10:34am Feb 19, 2014 10:34am
And whats the charge the creditcard company takes? The cheapest way is a SEPA bankwire. I pay zero bank fees and no broker fees for deposits/withdrawls.
  • #3,736
  • Feb 19, 2014 12:21pm Feb 19, 2014 12:21pm
Quoting Jenx
Decided it's definitely Dukascopy.Opened an account and my account manager has replied to my emails every time within minutes. I made an enquiry this pm because I wanted to know if I funded my account by card, would I be limited to withdrawing 125% of the deposited amount as is the case with Oanda.Apparently there is no limit ,so long as you withdraw to the account you deposited from.Also, and this is the clincher for me, the withdrawal fee is only 7.50 €! I've been paying 20€ with Oanda for the first each month and if I make a second,it costs 35€...
Good luck, LOL, a fee to take $$ out. Stay w/Oanda. You deserve one another.
  • #3,737
  • Feb 19, 2014 12:30pm Feb 19, 2014 12:30pm
What is the exact bid price you see at 10:26 CET - I see that drop only on my demo account but not in my live OANDA account. The Low bid price on EUR/USD drops to 1.37522 on a one minute chart at 4:26 EST (10:26 CET) on my live account but on the demo account it prints a low bid of 1.37459 for this time period.

I think there may have been an issue with OANDA's demo feed at that time. Generally I watch both the demo and live platforms and they are pretty insynch - I test on demo and execute my strategy on my live account.
  • #3,738
  • Feb 19, 2014 12:54pm Feb 19, 2014 12:54pm
BTW just looked at MB's fees. ACH ok if you happen to be unlucky enough to live in US , all other fees outrageous!
Where price is now, it has been before, and will be again.
  • #3,739
  • Feb 19, 2014 1:22pm Feb 19, 2014 1:22pm
Quoting Jenx
BTW just looked at MB's fees. ACH ok if you happen to be unlucky enough to live in US , all other fees outrageous!
ya mean there is any place besides the USA to live (-: with all our faults I can't imagine anywhere else..
  • #3,740
  • Feb 21, 2014 6:02am Feb 21, 2014 6:02am
Hi! Is there any fee when withdrawing cash from OANDA?

Best regards.
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