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  • #3,321
  • Jan 28, 2013 11:42am Jan 28, 2013 11:42am
Nonsense. When i still traded at Oanda, i kept track of slippage via api - it was minimal. I never was on the new, higher/variable spreads, i left before that. Its not tempting to come back either.
  • #3,322
  • Jan 28, 2013 11:45am Jan 28, 2013 11:45am
Quoting eurotrash
Excessive spreads from Oanda again today...
You should compare apples to apples and use a lmax spread for 10 million. For small amounts Oanda is expensive now, vor bigger trades its still not that bad.
  • #3,323
  • Jan 28, 2013 12:08pm Jan 28, 2013 12:08pm
Quoting shrike
Nonsense. When i still traded at Oanda, i kept track of slippage via api - it was minimal. I never was on the new, higher/variable spreads, i left before that. Its not tempting to come back either.
Are you talking about trading via EA or some robot trading? Thats different because the execution is already faster, that where your " minimal" comes from.

I'm talking about visual & manual trading. What you see is difficult to track and when the execution is completed 9 out of 10 times the spread is different in the brokers favor.
So, you think you have rights? LOL
  • #3,324
  • Jan 28, 2013 12:26pm Jan 28, 2013 12:26pm
Quoting shrike
You should compare apples to apples and use a lmax spread for 10 million. For small amounts Oanda is expensive now, vor bigger trades its still not that bad.
+1
  • #3,325
  • Jan 28, 2013 12:32pm Jan 28, 2013 12:32pm
Quoting ForexOracle
Are you talking about trading via EA or some robot trading? Thats different because the execution is already faster, that where your " minimal" comes from.

I'm talking about visual & manual trading. What you see is difficult to track and when the execution is completed 9 out of 10 times the spread is different in the brokers favor.
I never used MT4. I am talking about the difference what the api quote feed shows and and the execution price.
  • #3,326
  • Jan 28, 2013 12:42pm Jan 28, 2013 12:42pm
Quoting shrike
I never used MT4. I am talking about the difference what the api quote feed shows and and the execution price.
How's the API?

Worth the API fee?

I hear the new free API will be poling based for quotes, not streaming... *sadface*
FXGears.com
  • #3,327
  • Jan 28, 2013 12:50pm Jan 28, 2013 12:50pm
Quoting shrike
I never used MT4. I am talking about the difference what the api quote feed shows and and the execution price.
Well I don't trade through API so I can't say for sure. I left Oanda a while ago but during the years I traded with them the price I got (trading manually through their standard platform) was almost never the price displayed.

And by the way I didn't dumped Oanda because of spreads I couldn't care less if I pay 0.5 more per trade It does not bother me at all.
So, you think you have rights? LOL
  • #3,328
  • Jan 28, 2013 1:19pm Jan 28, 2013 1:19pm
Quoting ForexOracle
Well I don't trade through API so I can't say for sure. I left Oanda a while ago but during the years I traded with them the price I got (trading manually through their standard platform) was almost never the price displayed.

And by the way I didn't dumped Oanda because of spreads I couldn't care less if I pay 0.5 more per trade It does not bother me at all.
so why did you dumped oanda
NocturnalFX is no longer offering commercial services
  • #3,329
  • Jan 28, 2013 1:22pm Jan 28, 2013 1:22pm
What do scalper think of the new spread routine?
  • #3,330
  • Jan 28, 2013 1:38pm Jan 28, 2013 1:38pm
Quoting TPOTrader
so why did you dumped oanda
If you look at the bulk of changes oanda is implementing lately it tells me that something can be going on there. I may be wrong but I prefer to play safe so I left.

I'm not accusing oanda of anything it is something I "think" is happening not I "know" is happening.
So, you think you have rights? LOL
  • #3,331
  • Jan 28, 2013 2:19pm Jan 28, 2013 2:19pm
Quoting Jack_Larkin
How's the API?

Worth the API fee?

I hear the new free API will be poling based for quotes, not streaming... *sadface*
It works fine. I dont think the fee is worth it - why should a client pay for the privilege to send business their way? Makes no sense in my opinion. I did usually exceed the minimun and not pay it - but when you go on holidays or dont trade for some other reason, they hit you with $600.

The new one seems fine too, but yes, polling and max. 4 messages per second. So fairly low-frequency.
  • #3,332
  • Jan 28, 2013 2:22pm Jan 28, 2013 2:22pm
Quoting shrike
4 messages per second. So fairly low-frequency.
..4?

Ugg, they really want to restrict it to people writing complimenting web apps or analytic stuff, not trading algos...

That clinches it for me, not going to bother with the free API... might keep my efforts focused on learning FIX.
FXGears.com
  • #3,333
  • Jan 28, 2013 2:32pm Jan 28, 2013 2:32pm
Quoting ForexOracle
If you look at the bulk of changes oanda is implementing lately it tells me that something can be going on there. I may be wrong but I prefer to play safe so I left.

I'm not accusing oanda of anything it is something I "think" is happening not I "know" is happening.
from what i read in forexmagnates and linkedin..they have been going through management changes.

maybe its good maybe it's bad. who know.. will wait and see.
NocturnalFX is no longer offering commercial services
  • #3,334
  • Jan 28, 2013 3:05pm Jan 28, 2013 3:05pm
Quoting Jack_Larkin
..4?

Ugg, they really want to restrict it to people writing complimenting web apps or analytic stuff, not trading algos...

That clinches it for me, not going to bother with the free API... might keep my efforts focused on learning FIX.
Fix is easy if you use a library like quickfix and if the broker provides good documentation about his specific gateway. There is really not much to it..
I really dont know why everyone develops their own custom api. Maybe because fix doesn't support historical data. I cant think of any other reasonable concern.
  • #3,335
  • Jan 28, 2013 3:51pm Jan 28, 2013 3:51pm
Quoting shrike
Fix is easy if you use a library like quickfix and if the broker provides good documentation about his specific gateway. There is really not much to it..
I really dont know why everyone develops their own custom api. Maybe because fix doesn't support historical data. I cant think of any other reasonable concern.
It's generally expensive to support FIX from the hardware, personnel, and implementation costs (often consultants or FIX integrating providers who'll charge on a per end user basis for continued support..) After all, FIX is just a messaging standard, how it's implemented varies greatly from shop to shop.

I mean, I entirely agree with you on sticking to FIX, but in a world where few firms can afford to do things in house (not in the dollar sense, but liability sense) I understand why a lot of brokers have steep requirements of their clients who want to use FIX... and why they'd rather offer a simple (from a client support point of view,) controlled (to limit client's activities when required,) API that directly plugs into their client in house software back-ends instead of committing the resources to making FIX available for everyone.
FXGears.com
  • #3,336
  • Jan 28, 2013 4:16pm Jan 28, 2013 4:16pm
Oanda has a fix server anyways, in addition to their apis. I don't think API is any easier to pick up than fix, or that it would be any cheaper to maintain or support. Its just a custom messaging format as opposed to a more standard one. I would just have fix, implement a messaging policy (no more than X messages per fill), provide through docs/samples, and have clients pay for support, if they need it.

Not that fix is particularily efficient. Its what happens when bankers dabble in protocol design. I just dont quite understand why every firm wants to reinvent the wheel. Guessing everyone has a bunch of bored developers feeling unchallenged or something..
  • #3,337
  • Edited 4:54am Jan 29, 2013 4:26am | Edited 4:54am
Mornin'

I just had a query relating to the Oanda oil quote, BCOUSD. It appears to be trading higher (60cents) than the brent price quoted elsewhere, does anyone know if the Oanda quote is a derivative?

EDIT

A bit of research suggests it may be a CFD with the current price and a 15 day forward, perhaps someone could confirm though.

Thanks
  • #3,338
  • Jan 29, 2013 5:46am Jan 29, 2013 5:46am
Quoting -nate-dogg-
Mornin'

I just had a query relating to the Oanda oil quote, BCOUSD. It appears to be trading higher (60cents) than the brent price quoted elsewhere, does anyone know if the Oanda quote is a derivative?

EDIT

A bit of research suggests it may be a CFD with the current price and a 15 day forward, perhaps someone could confirm though.

Thanks
Maybe they are quoting cash prices not the futures ...
  • #3,339
  • Jan 29, 2013 8:41am Jan 29, 2013 8:41am
Has Oanda got some sort of glitch at the mo ?
It hasn't updated since 7.15 pm last night ( GMT ).
  • #3,340
  • Jan 29, 2013 10:42am Jan 29, 2013 10:42am
Not sure if you guys are into Reddit at all... but:

https://twitter.com/OANDA/status/296263711767810049

CEO doing an 'ask-me-anything' session on Reddit in about an hour. Taking questions from the general public.
FXGears.com
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