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OANDA Discussion

  • #161
  • Jun 12, 2007 3:57pm Jun 12, 2007 3:57pm
I've looked around the FF pretty well to see which
broker seems to be the SCALPER'S CHOICE.

OANDA, right? Really tight spreads(excluding news)
and apparently don't discourage scalping.

Any feedback my friends?

FXS
  • #162
  • Jun 12, 2007 4:23pm Jun 12, 2007 4:23pm
Yes, Oanda is great for scalping. They fill you instantly and they don't care if you scalp. 1.2 pips without commission on the EUR/USD is unbeatable on a retail platform.
  • #163
  • Jun 12, 2007 8:15pm Jun 12, 2007 8:15pm
I'll second that! I trade the EUR primarily due to the 1.2 spread and the fact that Oanda is great with fills and I've never had any issue scalping.

Also, the fact that Oanda pays interest on my capital is a great added benefit for me.
  • #164
  • Jun 12, 2007 11:19pm Jun 12, 2007 11:19pm
Thanks for the replies!

A quick follow up question:
E/U and U/J look pretty consistent on the spreads.
But, are the gold spikes news (thus predictable)?

Also, E/C has periods of 1 pip spread. Is it predictable
on a daily basis. Is it worth the .2 over E/U?

EUR/USD
http://fxtrade.oanda.com/resources/s...d2_EUR_USD.png


EUR/CHF
http://fxtrade.oanda.com/resources/s...d2_EUR_CHF.png


THANKS EVERYONE!

FXS
  • #165
  • Jun 13, 2007 12:45am Jun 13, 2007 12:45am
The 1 pip spread you get on EUR/CHF is only during London - Early NY session. I think it is 3:30AM Est - 11:30AM Est. Not exactly sure.

As for USD/JPY and EUR/USD, yes, the spreads are predictable. Those spikes are news related and may last several minutes. All the spreads are a tad lower during London and early New York sessions. Don't worry about it, they are a good one. Have you tried their demo?
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #166
  • Jun 13, 2007 4:11am Jun 13, 2007 4:11am
Great info!
I'll try the demo out.

FXS
  • #167
  • Aug 12, 2007 5:35pm Aug 12, 2007 5:35pm
Does oanda allow trading with the open of sydney? I just tried to place orders, but they failed to fill when the price hit my limit.

Also, I had 2 other trades canceled by oanda because my stop loss on my limit order was hit, but it was hit before the trade was filled.

For example, on GBP/JPY, i placed a limit order at 239.12 with a stop loss of 238.97. At the time i placed the limit order, the pair had a high of 238.96. About 30min later, when the price crossed higher than 238.97, my order was canceled. I've never paid attention to this specifically, but it seems counter-intuitive. Can anyone confirm that this is the standard operating procedure for oanda?

Thanks.
  • #168
  • Aug 12, 2007 7:58pm Aug 12, 2007 7:58pm
Howdytest,

Did you pay attention to the increased spread they have on until around 8 pm EST on Sunday?

Also use the chat function on the dealing desk and ask. They have pretty good support.

Lou
  • #169
  • Aug 12, 2007 8:23pm Aug 12, 2007 8:23pm
yes...but i was under the impression stop loss orders didn't come into effect until you actually have a position. And the one order that wasn't cancelled, wasn't even filled as the price crossed through the limit.
  • #170
  • Aug 15, 2007 10:08pm Aug 15, 2007 10:08pm
After weekend, It is very trouble connect with oanda, i can log in ,but after a while, not connected again (from 08/15 to now).again and again. Any otherone have the same problem? my ip come from China.
  • #171
  • Aug 16, 2007 12:17pm Aug 16, 2007 12:17pm
Been trying to exit a trade for past 30 mins. I realize whenever there is volatility Oanda platform locks out clients. In my opinion it is a nice platform but i wouldn't recommend it for live trading. I remember when Felix tried to exit a trade after a gbp rate hike, he got locked out. Fortunately when it waS freed he made more than he would exit with
100% of traders are losers. Just that some win more than they lose!
  • #172
  • Aug 16, 2007 12:20pm Aug 16, 2007 12:20pm
Not just that. Im having problems with FX SOL. open or close trades, it says time has expired try again! i've been trying and trying.


EDIT: DONE! :-/
  • #173
  • Aug 16, 2007 1:11pm Aug 16, 2007 1:11pm
but how comes fxtrade is working? fxgame is not?
100% of traders are losers. Just that some win more than they lose!
  • #174
  • Aug 16, 2007 1:15pm Aug 16, 2007 1:15pm
Quoting Mr demark
but how comes fxtrade is working? fxgame is not?
i don't think their demo platform is high priority if they have other things to tend too lol
  • #175
  • Aug 16, 2007 1:28pm Aug 16, 2007 1:28pm
Quoting mbqb11
i don't think their demo platform is high priority if they have other things to tend too lol
that's true, but it gives a bad impression. Also the live one locked up terribly couple months ago
100% of traders are losers. Just that some win more than they lose!
  • #176
  • Aug 16, 2007 1:35pm Aug 16, 2007 1:35pm
Quoting Mr demark
that's true, but it gives a bad impression. Also the live one locked up terribly couple months ago
I have had a live account with oanda for over a year now, and haven't had many problems. The worst I get is sometimes the server goes down and you can't log on. It is usually fixed relatively quick and this doesn't happen often. I agree it is frustrating, but I bet in this fast market they have much bigger problems then FXtrade.

Hope they fix it soon for ya
  • #177
  • Aug 16, 2007 1:38pm Aug 16, 2007 1:38pm
I got no problems in FxTrade all day. Executions are same as always, spreads are wider than usual tho. But on a day where GBP/JPY makes a 1000 pip move i honestly dont care about +- 5 pips.

Great day by the way, today those with their noses glued to the screen got rewarded. This is daytraders paradise in my opinion. Wonder how many EAs blew up today tho.
  • #178
  • Aug 16, 2007 1:46pm Aug 16, 2007 1:46pm
Quoting Mr demark
Been trying to exit a trade for past 30 mins. I realize whenever there is volatility Oanda platform locks out clients. In my opinion it is a nice platform but i wouldn't recommend it for live trading. I remember when Felix tried to exit a trade after a gbp rate hike, he got locked out. Fortunately when it waS freed he made more than he would exit with
Have you even used the live platform?
  • #179
  • Aug 16, 2007 2:29pm Aug 16, 2007 2:29pm
they fixed it. Great.

I love their platform and would love to use the live one, but i'm scared of these hangs happening on the live fxtrade
100% of traders are losers. Just that some win more than they lose!
  • #180
  • Aug 16, 2007 2:42pm Aug 16, 2007 2:42pm
Quoting Mr demark
they fixed it. Great.

I love their platform and would love to use the live one, but i'm scared of these hangs happening on the live fxtrade
Mr d, the good thing with oanda is their is no minimum depo(maybe like 25$). So just give it a shot for a few months. Really any retail broker you can pretty much test drive the platform live for nothing. I suggest doing it.
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