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OANDA Discussion

  • #3,861
  • Oct 1, 2014 8:53am Oct 1, 2014 8:53am
just a quick heads up. It's all my fault (or Draghi's). My account is in €. € gives no interest atm, so no interest for me.

Pretty easy actually. And i call myself forex trader ....
  • #3,862
  • Oct 5, 2014 8:37pm Oct 5, 2014 8:37pm
Quoting velgengni
{quote} Thank you for explaining how this FIFO works in OANDA.
That's correct if you want to close your trade manually. But if for any case you open 10k with tp 15 pip and right after you open another 10k with tp 5 pip, the 2nd order will be closed 1st bcause tp will be triggered 1st.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3,863
  • Oct 5, 2014 8:58pm Oct 5, 2014 8:58pm
Quoting Quickdraw
I have seen here on Forex Factory of people saying Oanda trades against its clients. However, that is apparently not true. I went to the Oanda website and I found out that they do not trade against their clients. I will copy and paste below an excerpt from their website (I put it all in bold below) : Does OANDA trade against its clients? While some firms may take on exposure in the market on the gamble that their clients are going to make losing trades, OANDA aggregates exposure and hedges it with our partner banks. We are likely one the most conservative...
And you still believe that babies are brought by the stork!

I dont know how many times I was aksed about my broker, therefore I'm using a template already.

Quoting JibalaPasan
Hello, I am with Oanda US. But to tell you the truth, I can not recommend them as a good broker! Oanda is a market maker, one of the worst bucket shops out there in that business. We've collect lots of materials against them, screenshots, tick data, videos, all showing how they cheat their clients! I am still with them since I am from the Philippines and we are limited in our choice! The only thing I can suggest, make a demo with them and watch how they do stop hunting, widening spreads for no reason and sometimes you will see prices much different from real market price. And when it comes to news time, they just cut the lines and you stay without connection! If after all you come to the conclusion I told you some bullshit, feel free to open an account. But you better go for any reliable ECN broker with low spreads and no commision!
Best example from my trading this morning:

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Not one order has been executed and on some TP has been triggered already! How do you feel if this happens? Great start in the week, diba?

Go Oanda go to hell!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3,864
  • Oct 5, 2014 9:25pm Oct 5, 2014 9:25pm
Quoting JibalaPasan
{quote} And you still believe that babies are brought by the stork! I dont know how many times I was aksed about my broker, therefore I'm using a template already. {quote} Best example from my trading this morning: {image} Not one order has been executed and on some TP has been triggered already! How do you feel if this happens? Great start in the week, diba? Go Oanda go to hell!
Update:

Nothing to read about the trades in the journal! The only good thing I already got the profit for AUDUSD and USDJPY because tp has been triggered.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3,865
  • Oct 6, 2014 6:33pm Oct 6, 2014 6:33pm
Currently looking at a 5.1 pip spread on GBPJPY on Oanda and a 1.6 pip spread on a demo account with FXCM. ?????
  • #3,866
  • Oct 6, 2014 6:53pm Oct 6, 2014 6:53pm
Quoting freundr
Currently looking at a 5.1 pip spread on GBPJPY on Oanda and a 1.6 pip spread on a demo account with FXCM. ?????

What I'm seeing is different than you. I'm currently looking at a 5.0 spread on on GBPJPY live Oanda account and a 4.5 pip spread on a FXCM demo account.
"Success is not a fantasy, it's a formula." - MTI
  • #3,867
  • Oct 6, 2014 7:16pm Oct 6, 2014 7:16pm
Quoting Topgun_1
{quote} What I'm seeing is different than you. I'm currently looking at a 5.0 spread on on GBPJPY live Oanda account and a 4.5 pip spread on a FXCM demo account.
5.0 on Oanda here and 1.2 on FXCM. I have often wondered if they "modify" the rates/spreads that you see depending on your trading behavior. I trade GBPJPY the majority of the time and have seen the spread steadily increase on Oanda (live) but not on other platforms.
  • #3,868
  • Oct 6, 2014 8:29pm Oct 6, 2014 8:29pm
Screenshot taken 6 min ago at 8:22 pm central US. All spreads are reasonable and normal except GBPJPY.
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  • #3,869
  • Oct 6, 2014 8:45pm Oct 6, 2014 8:45pm
Screenshot from FXCM demo acct at 8:42 pm central US. 1.3 pip spread on GBPJPY.
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  • #3,870
  • Oct 6, 2014 9:18pm Oct 6, 2014 9:18pm
Oandas BID - ASK - Spread at present time!

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3,871
  • Oct 8, 2014 12:06am Oct 8, 2014 12:06am
hello !

Oanda is now down?
  • #3,872
  • Oct 8, 2014 12:40am Oct 8, 2014 12:40am
Quoting postfin
hello ! Oanda is now down?
No, it's both (java platform and mt4) running! But mt4 is not running smoothly, something is wrong with Oanda.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3,873
  • Oct 8, 2014 1:26am Oct 8, 2014 1:26am
Quoting JibalaPasan
{quote} No, it's both (java platform and mt4) running! But mt4 is not running smoothly, something is wrong with Oanda. Jibala

MT4 worked, but with significant problems in graphs (late update). Now everything is ok.

Thank you JibalaPasa , good day to you all.
  • #3,874
  • Oct 8, 2014 4:32am Oct 8, 2014 4:32am
Quoting freundr
Screenshot from FXCM demo acct at 8:42 pm central US. 1.3 pip spread on GBPJPY. {image}
the only retail broker who can compete with FXCM new spreads are INTERACTIVE BROKERS other then that FXCM has crush the competition on spreads
  • #3,875
  • Oct 8, 2014 2:36pm Oct 8, 2014 2:36pm
Quoting PoundTrader
{quote}the only retail broker who can compete with FXCM new spreads are INTERACTIVE BROKERS other then that FXCM has crush the competition on spreads
Not really!

All they did was to align their prices with other brokers.

Their spreads shrunk but they are charging commission.

At the end of the day you will pay around 1.2 pips ( just do the math) on the EUR/USD which is in line with oanda and others.

I guess they were losing customers charging 2.5 pips on this pair.
Don't call me. I call you!
  • #3,876
  • Oct 9, 2014 4:18am Oct 9, 2014 4:18am
Quoting MarginCalled
{quote} Not really! All they did was to align their prices with other brokers. Their spreads shrunk but they are charging commission. At the end of the day you will pay around 1.2 pips ( just do the math) on the EUR/USD which is in line with oanda and others. I guess they were losing customers charging 2.5 pips on this pair.
oanda is a fucking joke for a broker
  • #3,877
  • Oct 9, 2014 5:25am Oct 9, 2014 5:25am
I see some discussion on Oanda spread here. While I am not too happy at their recent disconnection problem, I think Oanda still have my vote as a preferred broker for FX. If you think Oanda is a joke, you have not met the real joker yet.

This joker broker (which I will not name here) offers very GOOD spread, and for that matter, they charge commission on top of the spread. HOWEVER, every time, AND I MEAN EVERY TIME without fail, when you trade hit (SL) stoploss, there will be no slippage. But when your trade hit TP, there will ALWAYS be slippage against you. ALWAYS. ALWAYS. ALWAYS as in EVERY TRADE that hit TP. In the end, you work out the profit, the GOOD spread published upfront is just a cheat.

At least Oanda is honest in not having ridiculous price slippage during 'normal' period. Slippages only occurs during sudden volatile price movement which we can see for ourselves. That is understandable and inevitable given the fast speed at which buy/sell orders are cleared from the 'queue'. I give top marks to Oanda for the way they execute our trade 'reasonably'. But they should work on their stability issue.
  • #3,878
  • Oct 9, 2014 6:06am Oct 9, 2014 6:06am
Anyone else having trouble with android MT4 using Oanda?
  • #3,879
  • Oct 9, 2014 9:29pm Oct 9, 2014 9:29pm
Quoting Hareii
I see some discussion on Oanda spread here. While I am not too happy at their recent disconnection problem, I think Oanda still have my vote as a preferred broker for FX. If you think Oanda is a joke, you have not met the real joker yet. This joker broker (which I will not name here) offers very GOOD spread, and for that matter, they charge commission on top of the spread. HOWEVER, every time, AND I MEAN EVERY TIME without fail, when you trade hit (SL) stoploss, there will be no slippage. But when your trade hit TP, there will ALWAYS...
This is exactly what Oanda is doing!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #3,880
  • Oct 9, 2014 9:31pm Oct 9, 2014 9:31pm
Quoting PoundTrader
{quote}oanda is a fucking joke for a broker


Well stated, nothing to add.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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