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  • #621
  • Jan 20, 2009 3:27pm Jan 20, 2009 3:27pm
Hang in there ewokuk! You have a lot more patience than I do.

I'm just cutting my loses and moving on. And I will never breathe a good word about Oanda, ever.

Good luck mate. I hope you become a thorn in their side that will make them take a seriously hard look at their unethical practices.
  • #622
  • Jan 20, 2009 5:37pm Jan 20, 2009 5:37pm
I am looking at other brokers anyway at the moment but id really want something with a very similar platform where i can trade off the chart and be able to see my TP and SL levels AND move them about in real time ON the chart like i do with oanda. it means i can adjust my TP and SL levels visually within 2 clicks extremely fast. I had a look at GFT but their platform looks ancient, is very clunky and slow to use and doesnt seem to do the same sort of on the chart trading as oanda.

right now the ONLY reason i can think of to stay with oanda is the platform, despite being unstable and buggy, the design of it is the best ive seen, its clean, uncomplicated and very quick to use and navigate and i can open, close and modify trades on it so fast nothing else ive seen comes close yet.

aside from the platform, their spreads are complete crap off peak (right now 9 pips on gbpusd, 12 on gbpjpy, 6 on eurjpy) and barely competitve even during peak times, leverage is lower than most at 50:1, they offer no trailing stop, and i really shouldnt have to spend this amount of time trying to get them to admit their dodgy price spike is infact NOT valid movement.

all suggestions welcome for reputable, well known, trustworthy broker that has a very nice platform and good spreads and that does not slip stops regularly, ill look at a couple of demos.

the status of the ticket that i re-opened on sunday has today changed to "pending", which no doubt means tomorrow i will probably get another email from oanda saying "sorry the movement is valid".
  • #623
  • Jan 21, 2009 5:37am Jan 21, 2009 5:37am
Quoting ewokuk
Thanks, I put it in their pro forum yesterday

the thread is titled "apparently I have been hunted all in 1 big spike (which exists on *NO* other broker)" in case im not allowed to post links on here.
and so far, as i expected half the replies are either oanda fanboys or idiots that dont have any idea what they are talking about, so i will need any support i can get.

and heres another chart from GFT for anyone not liking the MT4 ones
http://i39.tinypic.com/23i6vpx.gif
4...
Thanks Ewo
Just posted my comments on there too (kishlu)....I have again been stung for a 14 pip slippage this morning...flippin heck...they will eat money at this rate!
  • #624
  • Jan 21, 2009 11:35am Jan 21, 2009 11:35am
Is your slippage on stop loss or take profit orders? I've never once experienced slippage on market orders.
  • #625
  • Jan 21, 2009 11:02pm Jan 21, 2009 11:02pm
Hi All,

Over the past few days, I have experienced slippage with buy and sell limit orders. With many years of trading experience I dug into to and this is what I have found.

What OANDA calls a limit order is either a Stop or MIT and not a limit order as is known in the world of trading. They have something called bounds. If you use it to control upper or lower price fill limits, if the trade cannot be filled within the range, it is killed.

So I am going to be packing my bags in the not to distant future.

BR
  • #626
  • Jan 22, 2009 1:26am Jan 22, 2009 1:26am
Quoting Big1red9
What OANDA calls a limit order is either a Stop or MIT and not a limit order as is known in the world of trading.
As far as I know this is true for all market makers, not only Oanda. The reason is simple: You just provide any liquidity with your "limit" order. This is only possible with an ECN where your order is directly placed in the interbank market.
  • #627
  • Jan 22, 2009 2:21am Jan 22, 2009 2:21am
Quoting Xaron
As far as I know this is true for all market makers, not only Oanda. The reason is simple: You just provide any liquidity with your "limit" order. This is only possible with an ECN where your order is directly placed in the interbank market.
I'm fairly certain limit orders are treated the same at MMs as they are at ECNs (in terms of execution, either at the limit price or better). I've never heard of "bounds" on a limit order before. I agree with Big1red9 in that the way Oanda is treating limit orders, they are really stop or MIT orders, within a fill-or-kill range.
  • #628
  • Jan 22, 2009 5:00am Jan 22, 2009 5:00am
Quoting Privacy is gold
Is your slippage on stop loss or take profit orders? I've never once experienced slippage on market orders.
My slippage is on stop loss...I usually "lock in profit" when i move the stop loss in my favour, this is taken out with slippage so I get a loss...
I use a stop loss to protect my money...sometimes 20 pips away....again, this is hit a few pips further away then 20 thus creating more of a loss!

When in profit my take profit has been hit one or two pips against me too...

I am seriously wondering about Oanda...
  • #629
  • Jan 22, 2009 5:47am Jan 22, 2009 5:47am
Believe it or not but I sometimes get slippage in my favor as well...
  • #630
  • Jan 22, 2009 6:04am Jan 22, 2009 6:04am
Quoting Xaron
Believe it or not but I sometimes get slippage in my favor as well...
My experience is it difference from the TP settings. I tested a system with very small TP settings (just a couple of pips) and I got actually quite often a slippage in my favour.

If the TP setting was bigger away from the current price it seems that this slippage in favour where not as often.

What I worry more is the platform freezing (and I'm still not absolutely convinced this happens just by accident)


Anyway I did yesterday some comparison on Order execution at a normal trading time: Oanda was much faster than the MT4 broker: FXPro or Alpari (Please Wait, Order is accepted, Order is in Progress ...)

And I really like seeing the past trades on the chart. Also the option to keep the order window all the time open and just execute.

But as many others - I feel that there are now more troubles than a couple of years ago. Still my preferred broker.
__Thanks__ MJ
  • #631
  • Edited 12:51pm Jan 22, 2009 8:31am | Edited 12:51pm
Quoting bakula
Thanks Ewo
Just posted my comments on there too (kishlu)....I have again been stung for a 14 pip slippage this morning...flippin heck...they will eat money at this rate!
Originally Posted by ewokuk http://www.forexfactory.com/images/buttons/viewpost.gif
Thanks, I put it in their pro forum yesterday

the thread is titled "apparently I have been hunted all in 1 big spike (which exists on *NO* other broker)" in case im not allowed to post links on here.
and so far, as i expected half the replies are either oanda fanboys or idiots that dont have any idea what they are talking about, so i will need any support i can get.

and heres another chart from GFT for anyone not liking the MT4 ones
http://i39.tinypic.com/23i6vpx.gif
4...

The Oanda fanboys as you put it I am told and is reported in many discussion boards on this topic are Oanda reps themselves who are paid to post false information positive to oanda.

It is too bad really, oanda could be a great platform but they have no intention it would seem, of providing the needed tools for customer success and the platform itself is not reliable. I have traded live with them and have since withdrawn my funding. Will consider them again if and when they provide a stable platform, don't jerk people around with spreads that mysteriously widen and then close and the tools that their clients have been asking for, for years.

Their hook of course is that you can trade pennies which on the surface looks good until those pennies mount up the wrong way, in the red.

By the way, you would be advised to not post too many negative things about oanda even if well deserved as sooner or later some nut case, perhaps an oanda rep will accuse you of "revenge posting" and your access to this board will be terminated permanently. There is little freedom of speech it would seem when it comes to oanda. they seem a lot like obama, silence the critics. On that note, would anyone like to take a guess if obama will ever make his vault copy of his birth certificate available to prove he is elegible to hold the office of Pres? His grandmother stated on video that she was present at his birth in Kenya which according to Article 2 Section 1 of the Const. disqualifies him from the office. See: www.obamacrimes.com Perhaps Bill Clinton was right when he called BHO just another Chicago Thug. And Col. Holister filed a suit asking for Supreme court clarification if military personnel under his command are legally required to DISobey any command coming from a not elegible president.... food for thought.
  • #632
  • Jan 22, 2009 11:13am Jan 22, 2009 11:13am
Update: I got a reply to the ticket today saying they are investigating the matter further and will have a response to me by end of business today.

Lets hope the response is the correct one.
  • #633
  • Jan 22, 2009 12:28pm Jan 22, 2009 12:28pm
I understand sometimes there are problems with brokers. If people are not happy with their current broker then switch or try the futures fx market. It's better in my opinion. Spot brokers are great for me as my backup. If you are a scalper, then futures is definitely better, for position trading there's really not much difference.
  • #634
  • Jan 22, 2009 1:02pm Jan 22, 2009 1:02pm
Quoting ewokuk
Update: I got a reply to the ticket today saying they are investigating the matter further and will have a response to me by end of business today.

Lets hope the response is the correct one.
Ewok....keep us updated mate.
  • #635
  • Jan 22, 2009 3:55pm Jan 22, 2009 3:55pm
Quoting Privacy is gold
I understand sometimes there are problems with brokers. If people are not happy with their current broker then switch or try the futures fx market. It's better in my opinion. Spot brokers are great for me as my backup. If you are a scalper, then futures is definitely better, for position trading there's really not much difference.
Privacy, can you recommend a futures broker to trade fx futures through? A lot of people here would appreciate it.
  • #636
  • Jan 23, 2009 8:57am Jan 23, 2009 8:57am
Quoting Xaron
Believe it or not but I sometimes get slippage in my favor as well...
Yes, but Xaron, have you ever had 17 pip or 14 pip slippage in your favour?
Yesterday, again...my slop loss was hit, secured profit but no money credited to my account. I am very tired of it..they will "eat my money" like this, it is not fair in the slightest.
Let's see what they say.

I then went into my demo and traded on there...guess what...a trade where I had a tight stop losss....hit my stop loss but the trade still continued! My ststop loss was still in it's place!
I sent a screen shot of that but they have no answer yet.
  • #637
  • Jan 23, 2009 8:58am Jan 23, 2009 8:58am
Quoting dimitrius
Privacy, can you recommend a futures broker to trade fx futures through? A lot of people here would appreciate it.
Yes, please let us have some broker names that are good for scalpers...thanks
  • #638
  • Jan 23, 2009 9:02am Jan 23, 2009 9:02am
Quoting bakula
Yes, but Xaron, have you ever had 17 pip or 14 pip slippage in your favour?
Yesterday, again...my slop loss was hit, secured profit but no money credited to my account. I am very tired of it..they will "eat my money" like this, it is not fair in the slightest.
Let's see what they say.

I then went into my demo and traded on there...guess what...a trade where I had a tight stop losss....hit my stop loss but the trade still continued! My ststop loss was still in it's place!
I sent a screen shot of that but they have no answer yet.

agree with you: I do not normally check slippage but I had up to +6 pips in EUR/USD last time -- but once even -20. Like I said on small TP settings there might be all together more positive slippage.


But I find it also extremely annoying - had just recently a trade hitting stop loss and continue: see http://www2.oanda.com/cgi-bin/msgboa...;f=17;t=004636
__Thanks__ MJ
  • #639
  • Jan 23, 2009 9:39am Jan 23, 2009 9:39am
hey I do have slippage sometimes... but sometimes also in my favour... but never more than 5 pips. if you have more... you may need better internet connection.

don't think oanda wants to get 1 pip more from you with slippage techniques... heh
if you are worried about slippage.. trade daily charts.
  • #640
  • Jan 23, 2009 9:53am Jan 23, 2009 9:53am
Amazed at the slippage you blokes are talking about, I rarely get any on entry and exit stops???

Bizarre.
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