Not more than 20 in the cable, that's for sure. During the last NFP the spread was up to 15, which is very, very fair. Regards - Xaron

OANDA Discussion

@opie: Oanda doesn't offer trailing stops due to technical limitations. If they would do it on the client side, there would be many complainers if the Java application freezes. If they would do it on the server side, the workload on Oanda's servers ...

changing presepctive on Oanda

Willem, now that's funny. I missed this one in the cable but watched for an entry before. Regards - Xaron

5Min Intraday System

*g* Well, the setup wasn't so nice. Ok afterwards it was ok, but it was a risky entry in my opinion... Regards - Xaron

5Min Intraday System

I couldn't resist. What a beauty... image Regards - Xaron

5Min Intraday System

Every market maker widens its spread. The alternative is requoting. Oanda just widen the spread but give you instant fills. I wouldn't trade the news spike but the retracement after it. And yes, this is possible with Oanda. Regards - Xaron

How about Oanda for News Trading?

Oh ok. Automated systems on a tick base do need tick data of course. I see. I even can imagine a successful system, but you'd need the lowest spreads and instant fills for that. Good luck with your system! Regards - Xaron

changing presepctive on Oanda

This is correct if you use their Java application but I don't see where this should be crappy. Using their API you get real ticks. I guess they do that to not overload their Java application not because to "rip off" their customers. Oanda might not ...

changing presepctive on Oanda

Thanks. I've replied your PM. Oanda doesn't have trailing stops. But you can create sub accounts in every major currency. I also use MT4 but put my orders mainly at Oanda. Limit orders, stops, take profits, partially closes are all no problem. ...

The Brokers can have USD and Canadian Dollar Account?

The thing with Oanda is: You get only every 5 seconds a new "tick" price from their servers. That's the reason why prices sometimes "jump". And you will always get the fill of the price at the server not the price you have at the client. BTW: This ...

changing presepctive on Oanda

Thanks. BTW: I've noticed that I sometimes get stopped out even if I'm right. I've watched some charts and must say that there could be another way of protect your trade as a fix stop loss, maybe just a mental stop based on close prices so you ...

5Min Intraday System

Willem, just take the chart I've already posted above. The time is in the chart, too. Regards - Xaron

5Min Intraday System

Hmm... you have a $10k account and make about $200-$300 per day with 4-5 trades. Something is wrong here. What do you mean with "small amounts"? Your USD/JPY position size must had been around 2.7 lots(!) to get about $2,000 swap for 71 days. So ...

No Stress Trading

Thanks Willem! Yes I've seen it and indeed I look for such things. The only problem often is my impatience. I trade just too often. The first one was already 13.5 pips netto in plus but was stopped out at BE. That happens... What about the 3 ...

5Min Intraday System

Stops: I use 6 pips + spread for the EUR/USD and 10 pips + spread for the GBP/USD, USD/JPY and EUR/JPY. About the validity of trades: That depends. I can't say it clear but if the candle closes below the EMA21 in a long trend I'm careful. But ...

5Min Intraday System

Hi findcount, I use Oanda as well and you are right, the angle changes by scaling the price axis. Personally I don't use the angle so much, just look at MA's, they must all show in the same direction and must not be mixed up or flat. That's all, so ...

5Min Intraday System

What about Oanda? You can open a (sub) account in CAD or USD or EUR or CHF or... Regards - Xaron

The Brokers can have USD and Canadian Dollar Account?

You can trade up to 100 Lots (10M units) without any problems. Spread widening happens during news, but that's the way almost every market maker acts. Regards - Xaron

I am considering opening with Oanda

Oh I see... Then my position size was bigger... Whatever, this doesn't matter. Regards - Xaron

5Min Intraday System

Yes it's a good idea to stick to one or two pairs. They have all own behaviours, active market hours and so on... Regards - Xaron

as a new trader.........