Thanks Tony for giving such a great system
- #11,562
- Mar 27, 2014 4:39am Mar 27, 2014 4:39am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Thanks Tony for giving such a great system
Its strange but true, from what I've seen myself banks move prices up on news more than they do down.
- #11,564
- Mar 27, 2014 4:49am Mar 27, 2014 4:49am
What can I say??? I opened a pending long on GA, got slipped by 30 pips, then, for some or other reason, my order was closed for a 1 pip loss, even though the price shot up in my favour??? I didn't want to think it in the past, but this broker I am with seems to be playing at something... They should be warned though, I will place exactly the same trades with Oanda, and woe be to them if they differ, at all. This is in effect, at last count, a 70 pip "loss" for me. WTFH
Same feedback...My broker slipped 45 pips
JUst 2 min before news take buy side of gbp/usd on demo account..Look what happened.: price just goes nearly -0.1 points of my stop.. 
Just five min ago I transfer all money to oanda...Always there is a chance on the corner..
{quote} Bro
Just to clear up, to make sure that I am understanding you correctly.
Your current broker (not OANDA), slipped your Market Order (not stop order) position that you opened, 2 minutes before news time, by 45 pips and it hit your stop as well?? Do I have that correct? Damn, then I should not complain. And now you are swapping over completely to Oanda?
H
- #11,567
- Mar 27, 2014 5:31am Mar 27, 2014 5:31am
{quote} Hi Naokia, I feel your pain... Just to clear up, to make sure that I am understanding you correctly. Your current broker (not OANDA), slipped your Market Order (not stop order) position that you opened, 2 minutes before news time, by 45 pips and it hit your stop as well?? Do I have that correct? Damn, then I should not complain. And now you are swapping over completely to Oanda? H
Market maker:
1. Leverage up to 1:200
2. Max lot size 0.6
3.Fixed spread (Major 1-3 pip)( Minor 2-15 pip)
4.Big slippage like 20-60 pips (usually negative)
5.Freeze platform before 10-15 min before news.
6.Comission up to 4-6%
7.Nothing new tools or other useful source
Oanda:
1.Leverage max 1:50
2.Widen spreads major up to 15-20 pip,minor 20-35 pip(GBP/AUD, AUD/CAD)Just check yourself( http://fxtrade.oanda.com/why/spreads/recent )
3.Less slippage (Major events like fomc,nfp up to 15-20 pip
4.No comission
5.Instant execution, no freez
6. Security of balance from dealer..
7.Useful data,tools ..etc
8.They want to know you personally(Your income source, financial situation..)
Thanks for your feedback Naokia980.
My question then to regular users of Oanda's FXtrade platform becomes: What kind of slippage, if any, do you experience on your stop loss orders of your open positions during news events?
This should be pretty easy to answer, as for example, Tony experiences more SL hits than TP's during a news event.
Thanks
H
My question then to regular users of Oanda's FXtrade platform becomes: What kind of slippage, if any, do you experience on your stop loss orders of your open positions during news events?
This should be pretty easy to answer, as for example, Tony experiences more SL hits than TP's during a news event.
Thanks
H
- #11,570
- Mar 27, 2014 5:51am Mar 27, 2014 5:51am
Thanks for your feedback Naokia980. My question then to regular users of Oanda's FXtrade platform becomes: What kind of slippage, if any, do you experience on your stop loss orders of your open positions during news events? This should be pretty easy to answer, as for example, Tony experiences more SL hits than TP's during a news event. Thanks H
Oanda http://www.myfxbook.com/forex-broker...l-spread/676,2
Excel Markets http://www.myfxbook.com/forex-broker...-spread/1565,2
Time 10:30 Oanda 20 pips , Excel 13.3 pips
Certainly one should not blindly trust the data.
{quote} Here you can also compare ... Oanda http://www.myfxbook.com/forex-broker...l-spread/676,2 Excel Markets http://www.myfxbook.com/forex-broker...-spread/1565,2 Time 10:30 Oanda 20 pips , Excel 13.3 pips Certainly one should not blindly trust the data.
I have also just checked Oanda's spread history and according to their records, on GA, their spread was in the region of 4.7 - 4.9 for that news event. less than my current broker.
But my question still remains slippage as this is (to me) more important than the spread, especially in terms of closing and opening orders by means of stop orders...
I was just speaking to a representative of Oanda and he was shocked at the amount of slippage that I experienced. I know he is a company man so he must talk Oanda up, but from what I have heard from other Oanda customers (and hoping to get confirmation of in reply to my previous post please
) is that they do not have that kind of slippage???He also almost fell off his chair when I told him that the broker had unilaterally closed the trade that they had slipped...
Anyway, any replies re the Oanda slippage question on opening and closing trades via stop orders would be most appreciated.
Thanks
H
- #11,575
- Mar 27, 2014 7:08am Mar 27, 2014 7:08am
Thanks for your feedback Naokia980. My question then to regular users of Oanda's FXtrade platform becomes: What kind of slippage, if any, do you experience on your stop loss orders of your open positions during news events? This should be pretty easy to answer, as for example, Tony experiences more SL hits than TP's during a news event. Thanks H
http://www.forexfactory.com/showthre...56106&page=408http://www.forexfactory.com/showthre...56106&page=437
- #11,580
- Edited 11:42am Mar 27, 2014 7:57am | Edited 11:42am
{quote} Forgive my ignorance, but how would a VPS help with an order that is already with the servers??? Or does the order remain on my computer until triggered?
{quote}But my question still remains slippage as this is (to me) more important than the spread, especially in terms of closing and opening orders by means of stop orders.
