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  • #4,781
  • Sep 27, 2016 2:21am Sep 27, 2016 2:21am
I opened a hedged live subaccount yesterday...very interesting...if it works as promised...

I have a question for Mr. OANDA Rep.

If I go Long 1000 Units, and instead of a stop I open a hedge , same size,20 pips away, just like a stop( if the pair doesn´t go my way of course..).
There can be no margin call cause whatever happens, one loss is compensated by one win, minus 20 pips right?

I do hedge in my strategy, having the trade on the same Chart, both ways makes my life real simple...cause I used to open the hedge on a subaccount..
  • #4,782
  • Sep 29, 2016 1:24am Sep 29, 2016 1:24am
anyone using oanda mt4 platform?

my ea not closing trade due to its FIFO rule...

anyone overcame this with script/ea?
  • #4,783
  • Sep 30, 2016 12:20pm Sep 30, 2016 12:20pm
Does anyone trade with a V20 hedging account ?
It seems that margin calculations are diferent in this account.
For instance , if you have a EUR account with leverage 100:1 and you buy 1000 units of eur/usd and sell 1000 units , the margin is only 10 instead of 20
Is that correct ?
  • #4,784
  • Oct 3, 2016 3:44pm Oct 3, 2016 3:44pm
Email from Oanda regarding inactivity fee: (this is why broker monopolies in the U.S. are bad for U.S. customers)

Please be advised that OANDA Corporation has made changes to our fxTrade Customer Agreement effective October 3rd, 2016. If you have any questions about these changes, please see our Frequently Asked Questions.

The material change made to our client agreement is the addition of:

36) Inactive Accounts. You acknowledge that in the event there are no open Trades in your Account for a period of at least 24 months, OANDA may designate your Account as inactive. If you request to reactivate your Account, you agree to provide whatever information and execute such additional documentation as OANDA may reasonably require, and to be bound by the version of this Agreement in effect at such time. After such minimum 24-month inactivity period, OANDA may, without advance notice to you, charge your Account a monthly inactivity fee (the Inactivity Fee) for each month the Account remains inactive by debiting the Inactivity Fee from your Account. The monthly Inactivity Fee will be equal to the lesser of (i) 10.00 units of the currency in which your Account is denominated (with the exception of Accounts denominated in JPY and HKD, which will be charged 1000 JPY and 75 HKD respectively) or (ii) the remaining balance in your Account.

Please find the revised fxTrade Customer Agreement on the web site for full details regarding the changes.

If you wish to reject the changes under the revised agreement, you will have 10 business days effective from October 3rd, 2016 to do so. If you do choose to reject the terms of the revised fxTrade Customer Agreement, you can do so by contacting our Customer Support Team. OANDA Corporation will complete all transactions under the existing terms of the Agreement that will permit you, the customer, to close your account without detriment or raising any charges for closure of the fxTrade account. If such notification is not received, you are deemed to accept the changes under the revised fxTrade Customer Agreement. Thank you for trading with us.

Kind Regards,
The OANDA Client Experience Team
  • #4,785
  • Oct 6, 2016 9:53pm Oct 6, 2016 9:53pm
Strangest thing....my "unregulated offshore ECN broker did not freeze price once during GBP moves earlier, yet "regulated", safe, reliable market maker Oanda froze GBPJPY and EURGBP. Good thing they are under the watchful eye of the CFTC. Keep driving them away CFTC, monopolies are great for the end user.
  • #4,786
  • Oct 6, 2016 11:16pm Oct 6, 2016 11:16pm
Oanda is a scumbag broker and everybody knows that.

Anyways the money is no longer in forex but it migrated to equities.

Forex may come back in a few years but with its volatility collapse and BS from CFTC and brokers you better trade equities.
So, you think you have rights? LOL
  • #4,787
  • Oct 7, 2016 2:47am Oct 7, 2016 2:47am
Quoting ForexOracle
Oanda is a scumbag broker and everybody knows that. Anyways the money is no longer in forex but it migrated to equities. Forex may come back in a few years but with its volatility collapse and BS from CFTC and brokers you better trade equities.

Who told you the money is no longer in Forex???????

Wonder what happened last night to hedged trades in Cable , 1 to 1 OANDA ?
  • #4,788
  • Oct 7, 2016 3:03am Oct 7, 2016 3:03am
Quoting cuchuflito
{quote} Who told you the money is no longer in Forex??????? Wonder what happened last night to hedged trades in Cable , 1 to 1 OANDA ?

Who told me? VOLATILITY

Speculative money is on the said or in equities.

Take a look on the daily range in pips and compare it to previous years.

Things are moving half or sometimes one third of what they used to, than a sudden crazy move.

That tells you thatspeculative money is out.
So, you think you have rights? LOL
  • #4,789
  • Oct 7, 2016 9:31am Oct 7, 2016 9:31am
Quoting pipmaster77
Strangest thing....my "unregulated offshore ECN broker did not freeze price once during GBP moves earlier, yet "regulated", safe, reliable market maker Oanda froze GBPJPY and EURGBP. Good thing they are under the watchful eye of the CFTC. Keep driving them away CFTC, monopolies are great for the end user.
You are absolutely correct. Oanda was frozen and unregulated ECN's were operating without fail. Terrible business Oanda!!!!
  • #4,790
  • Oct 7, 2016 10:24am Oct 7, 2016 10:24am
Just chatted with OANDA, they confirmed that if you are long and short hedged...say 20 pips distance (like an unrealized stop...your stop would have trigered, but instead you lock your trade and wait for the next opportunity...)...and recover, or maybe make money on both...which is what I like to do.

SO, if both positions are of the same size, and a freak 700 pip drop like the one last night happens...there will be no margin call....cause your big looser, get´s compensated by your big winner....minus 20 pips...
The risk is, (like with a stop), if your hedge is "pending", and the market gaps....you might get filled some 700 pips later...

So back to square one, postion size must be carefully calculated, in order to avoid at least ,NEGATIVE BALANCE...

Wonder how many people are selling their hoses to pay their brokers today, after sweet sweet Cable collapsed...
  • #4,791
  • Oct 11, 2016 5:02pm Oct 11, 2016 5:02pm
Quoting winklevanrip
{quote} You are absolutely correct. Oanda was frozen and unregulated ECN's were operating without fail. Terrible business Oanda!!!!
Of course OANDA will freeze the GBP pairs during a 2k pip drop, or else you'll blame their asses for loosing all your account trading superb dangerous pairs.
  • #4,792
  • Oct 11, 2016 6:51pm Oct 11, 2016 6:51pm
Quoting Noorx
{quote} Of course OANDA will freeze the GBP pairs during a 2k pip drop, or else you'll blame their asses for loosing all your account trading superb dangerous pairs.
Trader's assume that risk when they open account. Trader's also assume that they will be able to trade WHEN THE MKT IS OPEN FOR BUSINESS. The mkt was open for business and Oanda wasn't allowing a trader to take advantage of the lower prices. Yet, They were HAPPY TO TAKE TRADERS MONEY AT THE BOTTOM via Stops.
Bad business practices Oanda!
  • #4,793
  • Oct 12, 2016 8:16am Oct 12, 2016 8:16am
Quoting winklevanrip
{quote} Trader's assume that risk when they open account. Trader's also assume that they will be able to trade WHEN THE MKT IS OPEN FOR BUSINESS. The mkt was open for business and Oanda wasn't allowing a trader to take advantage of the lower prices. Yet, They were HAPPY TO TAKE TRADERS MONEY AT THE BOTTOM via Stops. Bad business practices Oanda!
Un-regulated and un-protected offshore brokers are surely going to be happy blowing your account to bits.
  • #4,794
  • Oct 13, 2016 3:04pm Oct 13, 2016 3:04pm
OANDA froze during the GBPUSD 700 pip meltdown...and reopend after half was recovered!
The question is: how did they handle stops, people had set way before and above...
1 The original stop? (unlikely)
2 Way at the bottom?? (that would be brutal).
3 Back in the middle...?

For many, that difference could have been either a: Margin Call, Negative Balance or just a heavy loss...
  • #4,795
  • Oct 14, 2016 2:03am Oct 14, 2016 2:03am
Quoting cuchuflito
OANDA froze during the GBPUSD 700 pip meltdown...and reopend after half was recovered! The question is: how did they handle stops, people had set way before and above... 1 The original stop? (unlikely) 2 Way at the bottom?? (that would be brutal). 3 Back in the middle...? For many, that difference could have been either a: Margin Call, Negative Balance or just a heavy loss...
I don't think you've got any idea what you're writing about. Your reply states it...
  • #4,796
  • Oct 18, 2016 4:24am Oct 18, 2016 4:24am
How many of you are profitable using oanda? This is my first time using market maker and not ecn. I do note that spread gets widen, but ecn do take out my account when I have big account fund, thus I decided to try a bigger broker which is usually a market maker.
  • #4,797
  • Edited 8:44am Oct 18, 2016 8:20am | Edited 8:44am
Quoting Esp86
How many of you are profitable using oanda? This is my first time using market maker and not ecn. I do note that spread gets widen, but ecn do take out my account when I have big account fund, thus I decided to try a bigger broker which is usually a market maker.
What do you mean " ... do take out my account when i have big account fund..." ?
  • #4,798
  • Oct 21, 2016 8:20am Oct 21, 2016 8:20am
I did have 2 trades on GBPAUD going during that big Friday drop. Maybe my orders were filled before the highest volatility, I'm not sure as I was sleeping. But one SL was executed to the pip, another TP were also done exactly to the pip, which is a surprise, since usually I get slipped 1 pip exactly. That means the orders were executed internally with bunch of other orders. Thank you Oanda, I don't know, should I bravo you for doing normal broker job without slippage? But ok, I will: Bravo Oanda! Viva!

BTW, I use v20 hedging, and so far it works very well. I keep windows7, I've read 10 have huge updates' problems.
Also my phone app of Oanda works really well.
So for that again we should congratulate our market maker? Ok, be it: congratulations. I mean it should't even be my problem that applications and platform works, I expect that to be taken care by the broker. But maybe "bravo" helps them, since I know they are terribly understaffed.

What's annoying about Oanda is huge spread during new day opening, NY 17:00. Commonly on GBPAUD spread is 20 pips. After 5 minutes it goes to 18, then back again at 20. I have to put orders at that time, so entering at market is never going to be at my originally planned price. I know that is due to rollover, but 20 pips is just too high! Normal spread on GBPAUD is 4-6 pips. I could understand doubling it, but more than tripling it? Or should I again congratulate on this, too?

Well, so far, as a market maker, Oanda is really not that bad. Or is it?
PW
  • #4,799
  • Oct 23, 2016 11:02pm Oct 23, 2016 11:02pm
Quoting Paul4970
I did have 2 trades on GBPAUD going during that big Friday drop. Maybe my orders were filled before the highest volatility, I'm not sure as I was sleeping. But one SL was executed to the pip, another TP were also done exactly to the pip, which is a surprise, since usually I get slipped 1 pip exactly. That means the orders were executed internally with bunch of other orders. Thank you Oanda, I don't know, should I bravo you for doing normal broker job without slippage? But ok, I will: Bravo Oanda! Viva! BTW, I use v20 hedging, and so far it works...
I can see Oanda's staff are pretty high compared to other brokers.

FXCM has the highest count though.
  • #4,800
  • Oct 29, 2016 10:49am Oct 29, 2016 10:49am
I received this e-mail from oanda .
What does this means in practice ?

Please be advised that OANDA Europe Ltd. has made changes to our fxTrade Customer Agreement effective October 27, 2016. These changes are designed to provide all clients with clear and transparent details pertaining to opening and maintaining an OANDA fxTrade account.

The material changes made in our client agreement are:

39. Client Money
(a)OANDA will hold your money (including cash deposited, realised profit and unrealised profit) as trustee in a segregated account at a bank or other financial institution chosen by us in accordance with the FCA Client Money Rules subject to and in accordance with this Agreement.

(b) OANDA may hold client money in a client bank account located outside the EEA. The legal and regulatory regime applying to any such bank will be different from that of the EEA and in the event of the insolvency or any other equivalent failure of that bank, your money may be treated differently from the treatment that would apply if the money was held with a bank in the EEA.

(c)OANDA accepts no responsibility for the solvency of the bank or other financial institution and to the extent that part or all of your money is lost by reason of the partial or complete failure of the bank or other financial institution the loss will be borne by you, not OANDA.

(d)It is not OANDA’s policy to pay interest to you on any of your money that we hold and by entering into this Agreement you acknowledge that you therefore waive any entitlement to interest on such money under the Client Money Rules or otherwise.
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