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  • #5,461
  • Jan 1, 2019 8:35am Jan 1, 2019 8:35am
Scared here I’m in a short and EURUSD has gone against me. Will Oanda honor my stop loss if market is closed?
ex nihilo
  • #5,462
  • Jan 4, 2019 9:34am Jan 4, 2019 9:34am
Again, Oanda is having troubles during times I need to trade. Kicked out and can't log back in.
Managing your lot size is the key
  • #5,463
  • Jan 4, 2019 9:37am Jan 4, 2019 9:37am
Quoting Toshiba
Again, Oanda is having troubles during times I need to trade. Kicked out and can't log back in.
Yes.
Reported to my manager.
  • #5,464
  • Jan 4, 2019 9:49am Jan 4, 2019 9:49am
Message from oanda is "No valid fxtrade account found for use XXXXXXXXXXX" where XXXXXXXXXX is my account name.
Managing your lot size is the key
  • #5,465
  • Jan 4, 2019 9:51am Jan 4, 2019 9:51am
Just got back in
Managing your lot size is the key
  • #5,466
  • Jan 4, 2019 10:12am Jan 4, 2019 10:12am
Just got kicked back out and can't log back in on my computer. Getting same message as before that my account is not valid.
Managing your lot size is the key
  • #5,467
  • Jan 4, 2019 10:14am Jan 4, 2019 10:14am
Down again.
Everybody call/contact Oanda, ake them to fix it fast.
  • #5,468
  • Jan 4, 2019 12:39pm Jan 4, 2019 12:39pm
Hi Toshiba, why dont you call oanda?
  • #5,469
  • Jan 4, 2019 1:31pm Jan 4, 2019 1:31pm
Quoting ali-uk1
Hi Toshiba, why dont you call oanda?
I tried but they are to busy talking to other customers
Managing your lot size is the key
  • #5,470
  • Jan 5, 2019 6:37am Jan 5, 2019 6:37am
Anyone has experience with Oanda orderbook ? Is it accurate ?
  • #5,471
  • Jan 6, 2019 8:53am Jan 6, 2019 8:53am
Iīm planning on long term trading strategy, where a trade could last a couple of months.
Bummer the OANDA rollover on some exotics goes up to 20 pips....thatīs an expensive spread..
Eurusd up to 8 pips.
Meaning: on days where you tighten your stop according to your trading plan, you will get kicked out..
  • #5,472
  • Jan 6, 2019 11:28am Jan 6, 2019 11:28am
Quoting cuchuflito
Iīm planning on long term trading strategy, where a trade could last a couple of months. Bummer the OANDA rollover on some exotics goes up to 20 pips....thatīs an expensive spread.. Eurusd up to 8 pips. Meaning: on days where you tighten your stop according to your trading plan, you will get kicked out..
Cuchuflito,

How does Rollover affect stoploss? i always thought rollover is deducted from the account balance/equity. Could you please shed some insight on this...

Thanks
  • #5,473
  • Jan 6, 2019 4:28pm Jan 6, 2019 4:28pm
Quoting aaven
{quote} Cuchuflito, How does Rollover affect stoploss? i always thought rollover is deducted from the account balance/equity. Could you please shed some insight on this... Thanks
Maybe rollover is not the correct word. I mean the massive spread increase that happens at the end of every day, around 11 or 12 PM (depending on the winter /summer time) in Europe.It spikes and slowly comes back to normal, (though it remains quite high during the Asian session close to double the european session)
Itīs the time when the new Dayly bar gets created.
So if you have say a 10 pip stop , the spike might easily wipe you out, allthough the bar chart never touched the level.
Put it differently, say you have a stop, on top of the last bar, 1 pip plus spread..(eurusd "normal spread": around 1,5 pips ),but the spread spikes to 8 pips, if the price comes 7,5 pips close to the last high, you stop triggers...although the price never went that far.
AUDCAD for example spikes almost 20 pips!
So I will need to adjust the stop for every open pair that goes overnight, just to protect me from that nasty spike.And the protection is possible, but very expensive!
Wonder how many new clients would open an account if OANDA would let them know this before.To be fair you can actually find this in their spread history site...so yes they are transparent, and expensive!
Hope this helps.
  • #5,474
  • Jan 7, 2019 8:19am Jan 7, 2019 8:19am
So the real spread depends on the time frame you are trading.
Day-trading in between sessions :
EURUSD:1,3
AUDCAD: 2
Any trading that crosses the boundary Asia /Europe:
EURUSD: 10
AUDCAD:20

Meaning:if your stop is Xpips + spread, and you are trading AUDCAD for a couple of days, your stop should be:
Xpips+20
!!!!!!!!!!!!!!!!!!!!!!!!!!
The opposite occurs on a Take Profit, it wonīt trigger unless the price travels another 20 pips in your favour, after your set TP.
Source:
https://www.oanda.com/lang/de/forex-...markets/recent

Here you can see the spike that happens at the beginning of every new Dayly bar.

Of course this does not take into account any news spikes, for example, lately Oanda has been spiking all GBP pairs just because Teresa May was speaking!
Hope this clarifies.
  • #5,475
  • Jan 8, 2019 7:10am Jan 8, 2019 7:10am
Quoting cuchuflito
{quote} Maybe rollover is not the correct word. I mean the massive spread increase that happens at the end of every day, around 11 or 12 PM (depending on the winter /summer time) in Europe.It spikes and slowly comes back to normal, (though it remains quite high during the Asian session close to double the european session) Itīs the time when the new Dayly bar gets created. So if you have say a 10 pip stop , the spike might easily wipe you out, allthough the bar chart never touched the level. Put it differently, say you have a stop, on top of the...
Thanks Cuchuflito for taking the time in giving a detailed explanation. It's much appreciated... Wish you a prosperous 2019...
  • #5,476
  • Jan 10, 2019 10:20pm Jan 10, 2019 10:20pm
Quoting Prisha
Guys, I know this may be a little dumb, but what is the least amount thet Oanda accepts as deposits? and they really have a live chart? Thanks
Hey there,

You can start with $1.00.

-Ric
Be humble or get humbled
  • #5,477
  • Jan 10, 2019 10:23pm Jan 10, 2019 10:23pm
Quoting jinsen
For oanada, I know one currency incurred Interest for buy and sell. Eurjpy has interest being Charged for both direction. Anyone ask them before or No one trade that currency
Hey there,

All pairs charge & pay interest. Use this link to help you. Currency Interest Rate Calculator

- Ric
Be humble or get humbled
  • #5,478
  • Jan 10, 2019 10:52pm Jan 10, 2019 10:52pm
Quoting cuchuflito
{quote} Maybe rollover is not the correct word. I mean the massive spread increase that happens at the end of every day, around 11 or 12 PM (depending on the winter /summer time) in Europe.It spikes and slowly comes back to normal, (though it remains quite high during the Asian session close to double the european session) Itīs the time when the new Dayly bar gets created. So if you have say a 10 pip stop , the spike might easily wipe you out, allthough the bar chart never touched the level. Put it differently, say you have a stop, on top of the...
Hey There,

If you plan on hold positions for a long period of time, you need to take into account wide spreads for low liquidity time and weekends. If you tighten your stops so much, you may need to adjust your money management rules. You seem to be missing a theme here. At Oanda, spreads are dynamic, not fixed. Spreads change all the time. If your trading plan or money management scheme needs fixed spreads, you need a different broker. Or you can adjust your style to compensate for dynamic spreads, low liquidity and weekends.

Oanda is very transparent about spreads. Everyday between 17:00 & 19:00 EST Oanda spreads widen because of low liquidity during the gap in sessions. Everyday. It is right there. It is not hidden. On the weekends same thing. Starting Friday around 14:00 EST, spreads start to slowly increase as world markets close. Also when a certain country is on Holiday, spreads for those pairs may be slightly increased.

Events like the flash crash of CHF in January of 2015, banks and hedge funds re-balancing the books and other unscheduled events will cause spreads to spike. Oanda or any other broker on earth can not control these events. These are things that should be taken into consideration when setting up a trading plan and/or picking a broker. Maybe that way you wont have so much trouble.

- Ric
Be humble or get humbled
  • #5,479
  • Jan 11, 2019 2:14pm Jan 11, 2019 2:14pm
Quoting riclater211
{quote} Hey There, If you plan on hold positions for a long period of time, you need to take into account wide spreads for low liquidity time and weekends. If you tighten your stops so much, you may need to adjust your money management rules. You seem to be missing a theme here. At Oanda, spreads are dynamic, not fixed. Spreads change all the time. If your trading plan or money management scheme needs fixed spreads, you need a different broker. Or you can adjust your style to compensate for dynamic spreads, low liquidity and weekends. Oanda is very...
Thatīs pretty much what I said, including transparency, (allthough they donīt tell new clients right away,that they will spike spreads up to 20 pips every night)..you need to dig a bit ddeper to find out these facts...
Canīt help it brother, but you really sound like an OANDA agent...no problem with that either...I donīt hate OANDA at all, just need to understand the rules of the game here...
  • #5,480
  • Jan 14, 2019 12:00am Jan 14, 2019 12:00am
Quoting cuchuflito
{quote} Thatīs pretty much what I said, including transparency, (allthough they donīt tell new clients right away,that they will spike spreads up to 20 pips every night)..you need to dig a bit ddeper to find out these facts... Canīt help it brother, but you really sound like an OANDA agent...no problem with that either...I donīt hate OANDA at all, just need to understand the rules of the game here...
Hey cuchuflito,

No, I am no agent lol. I guess we just had a miscommunication. No harm no foul. I have been a client of Oanda since 2006 and have never had an issue with anything. So I do try and help others on how brokers work, especially Oanda who is a bit different than the other 3 brokers available in the USA.

Good Luck,

- Ric
Be humble or get humbled
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