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OANDA Discussion

Quoting R19
{quote} APOLOGIES - Should be been ' US 2-year note auction - would NOT have seemed like an impacting event looking at other pairs. Maybe a big order hit the market.?' It's been a very long day.
No worries.

I was thinking to myself, "is my understanding of macro-economics so limited that I can't see the connection between the US bond market and the AUD/NZD currency pair?"

Agree, it has been a long day
"Pride always comes before destruction...." -Proverbs 16:18
We always have to realize that there are big players that don't care as much about average price and their slippage would be many intraday prop traders P&L. Or in much more clear terms: All it takes is one big player with a lot of zeros behind them to hit the market and spreads/ the market could likely flip out.
Oanda's new mobile trading app sucks big time.
Quoting xy76
Oanda's new mobile trading app sucks big time.
Why?

I think it has improved quite a lot.
Quoting CaymanTrader
{quote} Why? I think it has improved quite a lot.
Counterintuituive, poorly designed UI, charts graphics rendering gone to dogs, constant freezing and restarting. Charts, in particular, look rubbish.
Quoting xy76
{quote} Counterintuituive, poorly designed UI, charts graphics rendering gone to dogs, constant freezing and restarting. Charts, in particular, look rubbish.
I like the new UI and never had problems with freezing/restarts so far. I agree that the charts suck, but I use Netdania app for that anyway.
Quoting xy76
Oanda's new mobile trading app sucks big time.
I find the app to be functional and convenient, never had any issues.
"Pride always comes before destruction...." -Proverbs 16:18
Very wide spread on Oanda today after the retail news @ 1.30pm, nearly 10 pips on EURUSD. Opened my account to find my position had been taken out.

It isn't recorded in the spread history (edit correction it is, see below), and I checked my other price data feed with another UK broker and there was no widening of spreads there, Oandas ask was a full 7 pips higher.

Picture: 1 minute candle, the ask for both
UK broker left - 1.0795 ask high
Oanda fxtrade right - 1.0803 ask high
Note - I have aligned the two levels

Attached Image (click to enlarge)
Click to Enlarge Name: Oanda.png Size: 28 KB


This is a first for Oanda, normally the spread and price is in sync with other platforms.

It could be down to Oanda having a higher tick rate, an error, or a deliberate widening of spread in a search for liquidity.

Sour grapes from me I know, but


Would be interesting what was the highest ask from other brokers was on EURUSD at 1.30pm.
It is actually recorded as 15 pips in the spread history. You have to enable "maximum". By default it shows average.

http://fxtrade.oanda.co.uk/why/sprea...rument=EUR/USD
Quoting shrike
It is actually recorded as 15 pips in the spread history. You have to enable "maximum". By default it shows average. http://fxtrade.oanda.co.uk/why/sprea...rument=EUR/USD
Good info, thanks shrike.

I have never had any reason to look, but I am going to go back and check some charts now and compare with my UK data feed.

The only reason why I checked this time is because no other feed had price hitting that level.
You can also use this to get a tick by tick history:

http://fxtrade.oanda.com/analysis/fxcompare

You just have to figure out the timestamp.
The latest version of FX Trade for mobile devices is much, much, much worse than the previous (which was actually very good).
- Does not load quickly
- Crashes
- Difficult to navigate
- Most of the screen is taken up my menu's and information that could doesn't have to be visible all of the time.

Previous version:
- Loaded relatively quickly
- Rarely crashed ever
- Easier to navigate
- Much more efficient and faster arrangement and organization of screen real estate.

If you want to build your business, don't take positive aspects and destroy them. The funny thing in this case, is that you actually actively spent time and money to do it.
left oanda since there is a spread hike. i used them before was 0.8 for EU pairs but now its 1.4
Yesterday I spent hours going through charts and drawing in trend lines, patterns, etc. Today at least half my charts are naked again. Anyone have any ideas how to get OANDA to remember all my doodlings?
fyi , their spread is 1.4 avr for EU (major pair), which means you enter and close a trade at BE. you lose 1.4pips. the only consolation is they dont take opp trades or do stock pluishing. i dont understand why and how oanda is so highly raved about with 1000 over replies. i am migrating to igmarkets for sure.
TO Madlu
It is possible . but you need to make the drawing in the separate window and always in that window. Never make drawings in the small one on the main screen. If you do it will reset the old drawings.
After making the drawing in the separate window you need to go to TOOLS and SAVE your current profile.
Quoting MadLu
Yesterday I spent hours going through charts and drawing in trend lines, patterns, etc. Today at least half my charts are naked again. Anyone have any ideas how to get OANDA to remember all my doodlings?
I believe you would have to keep on adding your trend lines, patterns and etc in order to have it saved. I had to do it a multiple times for each pair in order to save my trend lines, indicators and so on.
Thanks guys.
I have both Oanda and Forex.com as brokers. I like to trade small accounts manually and risky.

I found that with Oanda that you can trade all account margin and not need any free margin and they won't close your losing trades for 2 days or unless you lose 50% of the value of the trade margin. I like maxing out small accounts when there are big spikes or dips and then don't have to worry about trades being closed on me. Most of these trades are short term (less than a day), so no worries on having Oanda close them on me.

I like to test the limits with small accounts. With Forex.com, as soon as your free margin goes negative, they will close your oldest trade that is open.

Not sure if anyone else noticed this.

Spreads on Oanda are a little high though, especially in highly volatile times...
See my Profile Website Link to try out one of my Free EAs
today at the closing was high volatility? they went to 88/98, that is a lot me think....
The Chonchy
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