Central Banks & Big Players

Quoting Electry

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I don't understand why are you guys freaking out so much (if you didn't loose money). It was clearly a bug in the code and not done on purpose and I am quite certain that broker that old and stabile will refund all traders money who lost money due to prolonged spread widening. There has been 2 major MT4 updates in just few days apart from each others so it is understandable if the brokers have some problems (especially oanda as their execution is quite different from other brokers). I suppose they haven't answered to tony's email yet is because...

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Quoting NewToForex14

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{quote} Nitecop... at Dukascopy do pay commissions too ?...how much is it for a round, in and out ?

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Quoting Tony112

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This news is now BANNED: GBP Claimant count change. I'm patiently waiting for a response from Oanda why they maintained A 20 PIP spread for 18 minutes yesterday. No offence. a 20 pip spread for about a minute or two, ok... we were used to it fine! for a dozen of years! but keeping the spread HIGH-JACKED at 20 pips for 18 minutes is exploit!! I will keep you updated on that. Be careful

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Quoting Fx3422271

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{quote} This goes far beyond just the other night dude. A 20 pip spread is too high on GBP/USD regardless of how long it was that high. There are other brokers that would never go that high even during the news and Oanda does this all the time.

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Quoting Electry

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{quote} Oanda has always had 20 pip spread on basicly any GBP news so that's nothing new but usually they go down after 1min but this time they stayed 20 pips for 18min after the news, that's the issue here.

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Quoting Tony112

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I'm going to bed in total disbelief, the spread is stuck at 20 pips for almost 10 minutes now. This is by far the worst thing I have every seen in my whole career until now from my broker {image}

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Quoting pipcruiser

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Tony, sorry for your loss and frustration. One thing I have been wondering a long time, why don't you just trade futures? There is a lot of advantages trading futures (even Oanda for sure is one of the better FX brokers). Pure commission based (app what is equal to .5 pip) , high liquidity, heavily regulated, almost same leverage as Oanda etc etc. Tried to PM you, but not possible. Anyway, thanks for best thread in FF ever : Fun, profitable and honest no BS stuff, a really rare combo here.... Epic!!! PC {quote}

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Quoting Fx3422271

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{quote} A 20 pip spread on GBP/USD is garbage dude. I don't really care if it goes down or not. FXCM (NDD) never goes above 10 pips. I also have used demo accounts for some European brokers and they never go that high. Oanda is garbage, they entice people with their "execution model" and then they pillage them on the spreads. It's not rocket science.

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Quoting Electry

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{quote} Well 10 pip spread with 20 pip slippage is worse than 20 pip spread with no slippage. But anyway I agree with you and I only trade oanda for NFP (15 pip spread with no slippage).

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Quoting Tony112

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Guys, I took a some recent profits and decided to place a trade for which the setup seems too obvious for me. FOMC could transform it into a miracle. BOUGHT USD/CAD. It has nothing to do with our system. Wish me the best of luck. {image}

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Quoting Tuffy

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Hey Tony112, i remember this happening to me 2 years ago with Oanda. placed a sell stop order hoping momentum would push the currency pair down. but price didn't go my way, and just before price moved long away from my sell stop orders, oanda widen its spreads significantly to catch the retail orders on losing side of the trade before rocketing in the opposite direction in a major move. cross checking on other brokers, price line never did reach those levels. its the Dragon's tail, looks like a long wick that eats up the retail traders stop orders...

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Quoting Sevenskies

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Hello Mr. Tony 112, rather I should say SIR Tony 112, you are the BEST., this is my first post here, right now I am on page 160. Do I have to finish all until this 505, or would you recommend me any important ones plz. thanks, take care.

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