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  • #12,741
  • Jun 4, 2014 9:10am Jun 4, 2014 9:10am
Got a question for someone who have experience with Oanda. Some pendings were not triggered.

The mail says: order triggered but could not be completed due to invalid stop loss.

Well the pending had a SL of 10 pips. Was that due to big spread?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #12,742
  • Jun 4, 2014 9:50am Jun 4, 2014 9:50am
Has anyone had any issues with slippage? I've been very successful demoing but I've read that this sort of trading can easily kill an account with bad slippage.

I guess its best to manage your money by not having it all in the trading account.

Would love to hear some feedback regarding slippage before I go live.
  • #12,743
  • Jun 4, 2014 10:24am Jun 4, 2014 10:24am
Quoting Bernhard
Got a question for someone who have experience with Oanda. Some pendings were not triggered. The mail says: order triggered but could not be completed due to invalid stop loss. Well the pending had a SL of 10 pips. Was that due to big spread?
This is the reply I got from Oanda:

"Please be advised that your Buy stop Order #...... was cancelled due to Bounds Violation (BV:SL).
An order is cancelled with the message "Order Canceled (BV:SL)" or "invalid stop" if at the time of order execution the stop loss condition had already been met.
This more likely to occur around the news announcements due to increased spreads and higher volatility in the market.
When your Buy order was triggered at 1.68987 (at Ask price), the low Bid price was at 1.68834 and it was lower than your Stop loss at 1.68895.
The system cancelled your order since an order that would be stopped out at the time of execution would result in an immediate loss - an action we assume you do not want to take.
To avoid this loss, the platform treats take profits and stop losses in the same way as upper and lower bounds and will cancel the order if either of these bounds is violated."

I understand their explanation in this particular case, but, on other cases are not clear enough.

They are widening the spreads more just in the second of the news release, however, I'm still studying the case, I wouldn't want to think Oanda is playing tricks... If other traders have another experience, it would be good to share.
  • #12,744
  • Jun 4, 2014 2:00pm Jun 4, 2014 2:00pm
Quoting oscarff
If other traders have another experience, it would be good to share.
Oanda has very large spreads around the news time because it is a market maker. USD/XXX has 15 pip max spread (in for example NFP) and other pairs have usually max spread of 20 pips. However oanda doesn't have slippage (or very very little). So it's either you choose bigger spread and no slippage or you choose ECN broker which might have low spreads but 50 pip slippage (that is the max slippage I have experienced during NFP) Take your pick.
  • #12,745
  • Jun 5, 2014 6:55am Jun 5, 2014 6:55am
Get ready my friends!
  • #12,746
  • Jun 5, 2014 7:16am Jun 5, 2014 7:16am
Short position Closed at +35 Pips.

http://www.forexfactory.com/showthre...15#post7513715
Love for all; Hatred for none.
  • #12,747
  • Jun 5, 2014 7:30am Jun 5, 2014 7:30am
http://www.ecb.europa.eu/press/tvser...140605.en.html

Tune in
  • #12,748
  • Jun 5, 2014 7:32am Jun 5, 2014 7:32am
deep water
Invest in alarm clocks
  • #12,749
  • Jun 5, 2014 7:43am Jun 5, 2014 7:43am
Not too shabby!
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  • #12,750
  • Jun 5, 2014 7:57am Jun 5, 2014 7:57am
Tony has there been any alterations on your 'authorised news list'?

Do you ever avoid a particular event if the previous month was not a clean spike?
  • #12,751
  • Jun 6, 2014 1:17am Jun 6, 2014 1:17am
getting all revved for NFP? what pair are you guys trading?
  • #12,752
  • Jun 6, 2014 6:52am Jun 6, 2014 6:52am
Goooood morning the world! Get ready for own one and only NFP!
Invest in alarm clocks
  • #12,753
  • Jun 6, 2014 6:54am Jun 6, 2014 6:54am
My trade: SELL USD/CAD SL 18 TP 200 trailing SL to 0 Progressively.
Please trade at your own risks and own settings!
Invest in alarm clocks
  • #12,754
  • Jun 6, 2014 6:55am Jun 6, 2014 6:55am
35 minutes to go, adrenaline is pumping fast now. I have MAX LEVERAGE and MAX LOTS on this.
Invest in alarm clocks
  • #12,755
  • Jun 6, 2014 6:57am Jun 6, 2014 6:57am
Quoting krumpy
Tony has there been any alterations on your 'authorised news list'? Do you ever avoid a particular event if the previous month was not a clean spike?
We will soon be concentrated on only 3-4 news per month. I'm very busy these days and didn't update post no.1.
Invest in alarm clocks
  • #12,756
  • Jun 6, 2014 7:01am Jun 6, 2014 7:01am
8:00 am Good morning from New York
Invest in alarm clocks
  • #12,757
  • Jun 6, 2014 7:08am Jun 6, 2014 7:08am
Quoting Tony112
My trade: SELL USD/CAD SL 18 TP 200 trailing SL to 0 Progressively.
Please trade at your own risks and own settings!
I guess we have came to conclusion on the same trade haha, GL Everyone!
  • #12,758
  • Jun 6, 2014 7:12am Jun 6, 2014 7:12am
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live this morning
Invest in alarm clocks
  • #12,759
  • Jun 6, 2014 7:13am Jun 6, 2014 7:13am
WOW the forum is getting filled in again for this epic news!!!! get ready

GUYS, trade your own trade!!! I'm not responsible !!! I show you how to trade in your advantage but don't chose your trade!!!
Invest in alarm clocks
  • #12,760
  • Jun 6, 2014 7:14am Jun 6, 2014 7:14am
18 SL 200 TP
Invest in alarm clocks
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