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OANDA Discussion

  • #4,481
  • Sep 17, 2015 10:42am Sep 17, 2015 10:42am
I am really getting sick of this OANDA. spreads are one of the worst and they constantly keep playing with spreads increasing them 10 fold or higher with some pairs, just lost another 2 profitable trades at be because of sudden spread widening.
As Above, So Below
  • #4,482
  • Sep 17, 2015 11:03am Sep 17, 2015 11:03am
Quoting ForexOracle
{quote} That was also my experience when I was losing or breaking even. As soon as you start to make consistent real gains you will see how things change drastically.
I´m profitable... but like I said, I´m paying close attention, any obvious cheating and I´m closing my account...MBT is my option for the moment.
  • #4,483
  • Sep 17, 2015 12:22pm Sep 17, 2015 12:22pm
Quoting cuchuflito
{quote} Im profitable... but like I said, Im paying close attention, any obvious cheating and Im closing my account...MBT is my option for the moment.
LOL !! I never said you weren't !!
So, you think you have rights? LOL
  • #4,484
  • Sep 17, 2015 1:27pm Sep 17, 2015 1:27pm
During the FOMC crap tonight I watched charts from Fxcm and Oanda. At one point Eur/Usd was being offered at 1.1365 on Fxcm and at the same time 1.1420 on Oanda. Someones telling porkies.
Where price is now, it has been before, and will be again.
  • #4,485
  • Sep 17, 2015 10:50pm Sep 17, 2015 10:50pm
Quoting Jenx
During the FOMC crap tonight I watched charts from Fxcm and Oanda. At one point Eur/Usd was being offered at 1.1365 on Fxcm and at the same time 1.1420 on Oanda. Someones telling porkies.
That's like comparing apples to oranges. One's a MM and one is ECN.
  • #4,486
  • Sep 18, 2015 4:16am Sep 18, 2015 4:16am
I'm not sure why people still complaining about it. Oanda widening spreads during the news and after the news for years. It's their business model.
  • #4,487
  • Edited 11:28am Sep 18, 2015 11:09am | Edited 11:28am
You've got 5 pages balance update for only a couple of trades. Does Oanda getting crazy?
Can explain somebody this bullsh*t!
http://www.forexfactory.com/showthre...=556232&page=3, #47
FXcube
  • #4,488
  • Sep 19, 2015 3:41pm Sep 19, 2015 3:41pm
Quoting tashkent
I am really getting sick of this OANDA. spreads are one of the worst and they constantly keep playing with spreads increasing them 10 fold or higher with some pairs, just lost another 2 profitable trades at be because of sudden spread widening.
Are you paying attention to news?
Only trade BETWEEN NEWS...unless you can afford a 200 pip stop distance...it´s the name of the game..
Look at unemployment news 2 weeks ago...friday...150 pip spike plus spread...it´s wild...No difference with enc brokers....
  • #4,489
  • Sep 21, 2015 8:31am Sep 21, 2015 8:31am
Anyone (UK guys mainly) touched the new spread betting account they're offering?
  • #4,490
  • Sep 21, 2015 12:09pm Sep 21, 2015 12:09pm
It's the same as normal account, just tax free profits (if there is any)
  • #4,491
  • Sep 23, 2015 8:44pm Sep 23, 2015 8:44pm
#4'487

Maybe this could be an answer.

http://trading-gurus.com/metatrader-...ate-at-oanda/#
Notice how what MetaTrader brokers call swap is instead referred to by OANDA, as interest, and that it's calculated based on the duration of your trade instead of only once every evening. Note too that OANDA credit your account once a day with interest accrued by your account cash balance. You don't often see that from a MetaTrader broker, but if you look closely you can see it in the first screenshot above too!
Finally note that using OANDA MetaTrader 4 your smallest possible trade size is 1,000 units (a micro-lot). Using fxTrade your smallest possible trade size is 1 single unit! I experimented with what an MT4 broker would refer to as a nano-lot yesterday, by buying 100 units of cable at 9:38 yesterday using fxTrade. I let that trade run overnight, then closed it this morning. The trade never showed up in my MetaTrader client terminal in it's own right, since OANDA MT4 doesn't know how to handle trades that small. Evidence of its existence is there though, courtesy of those otherwise mysterious "Balance Update" entries.
  • #4,492
  • Sep 25, 2015 6:37am Sep 25, 2015 6:37am
I'm sure this has already been asked, but I couldn't find anything on a quick search, so apologies.

I'm new to trading, I've been using fxtrade and I'm pretty happy with it I guess. Is there any reason I should switch to MT4?

Thanks!
  • #4,493
  • Sep 26, 2015 3:06pm Sep 26, 2015 3:06pm
Quoting mitch77
{quote} That's like comparing apples to oranges. One's a MM and one is ECN.
Lol which is ECN?
You mean FXCM which is a fake ECM and forward they trades to FXCM MM server? rofl
I want to buy PATIENCE
  • #4,494
  • Sep 26, 2015 3:21pm Sep 26, 2015 3:21pm
Quoting johnnycash
I'm not sure why people still complaining about it. Oanda widening spreads during the news and after the news for years. It's their business model.
Just cam with the idea!
That is an indicator!
When Oanda's spreads are wide ( eur/usd > 5 pip ) do not trade with technical based setups, because is "news trading" now
I want to buy PATIENCE
  • #4,495
  • Sep 30, 2015 9:06am Sep 30, 2015 9:06am
Quoting matheszabi
{quote} Just cam with the idea! That is an indicator! When Oanda's spreads are wide ( eur/usd > 5 pip ) do not trade with technical based setups, because is "news trading" now
Also you need to be careful during news events of your of unattended pending stop and limit orders.
Specifically, make sure you closed them and even go so far with the broker to call them and make double sure they are now closed.
Never keep them open during news events unless you are at the top 1% of all manual traders and have a back up account with ten tons of cash you can move fast

They have teeth that can bite off your dick in one quick bite.
You can end your trading day with no traces your dick ever existed. Just two nuts and your memories.
  • #4,496
  • Oct 1, 2015 6:44am Oct 1, 2015 6:44am
I did trade on Oanda for a couple of months and didnt had any problems, also nothing with withdrawing.

Ofcourse Oanda is a MM and you need to monitor your trades pretty carefully and specialy during news times.
Then dont allow scalping that sucks a lot also you cant open am short and long position on 1 acount on one pair, needed to make sub account.

I also think there service went down and thinking about switching again maybe FXCM , idk yet.

Goodluck trading all!
  • #4,497
  • Oct 1, 2015 7:45am Oct 1, 2015 7:45am
GBP/USD spread larger than 6.0 for more than 10 minutes now. Other brokers have normal spreads. The only event was Initial Jobless Claims at 12:30 GMT, but that didn't move the market a lot and does not justify such a huge spread for such a long period.

EDIT (12:53 GMT): Still >6.0.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 14 KB
  • #4,498
  • Oct 1, 2015 9:53am Oct 1, 2015 9:53am
FXTrade down for everyone?
  • #4,499
  • Oct 1, 2015 9:57am Oct 1, 2015 9:57am
yes, for me too
  • #4,500
  • Oct 1, 2015 9:58am Oct 1, 2015 9:58am
Quoting Bigvick991
FXTrade down for everyone?
Yup...desktop and iPad app too.
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