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  • #1,141
  • Oct 28, 2010 6:51pm Oct 28, 2010 6:51pm
Quoting dan89
Does anyone here know if its possible to set a default position size that takes into account your total account balance and your stop size.

E.g. if my account balance is £5000 and i wanted to risk 2% in total on a single trade (£100) with a stop loss of 10 pips, this would equal a position size of £10 per pip. Is it possible to set the options so that it calculates the units needed for this trade ?

Thanks
Dan
toggle the "units" part of user preferences and you will see %balance possibility. give that a try - never used it myself, though....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,142
  • Oct 28, 2010 7:24pm Oct 28, 2010 7:24pm
Yeah but that doesn't take into account your SL size, only your account balance.

Quoting dan89
if its possible to set a default position size that takes into account your total account balance and your stop size.
  • #1,143
  • Oct 29, 2010 4:54pm Oct 29, 2010 4:54pm
Quoting Marv
Maybe you're right, but I've never personally experienced (or heard of) any difference in order inaccuracies and delays when setting an account to different leverages.



Definitely.



Thanks for clarifying. But real leverage? I'm not sure I understand you. Could you please explain the difference between normal leverage that we all know and this "real leverage"?



I won't change the facts to fit the "newbies mentality", I will state it as it is and the newbies can learn if they so choose.

I stand by my point:...

Very well said... for some reason there's alot of "fuzzy misconceptions" out there in regards to the dangers of leverage. The ones in the "know" realize it's a tool in the box.

The fuzzies think they are right because their conception is that you are using the leverage to over-leverage. Their "education" is highly suspicious... or they are a broker that is out to increase their coffers illicitly.
  • #1,144
  • Oct 29, 2010 6:31pm Oct 29, 2010 6:31pm
Quoting pip_seeker
The fuzzies think they are right because their conception is that you are using the leverage to over-leverage. Their "education" is highly suspicious... or they are a broker that is out to increase their coffers illicitly.
Indeed.

I've had people call me crazy for risking more than 1% (and advocating high leverage as something good to have available). To them, it doesn't matter what my expectancy is, it doesn't matter that risk should be a function of your edge (a low estimate of your edge of course); math, science and optimal growth formulas don't matter, what matters is the typical bullshit they've been taught by so called experts who make money from teaching and selling "education" or from their brokers who either are against you getting wealthy or are misinformed themselves.
  • #1,145
  • Oct 29, 2010 7:51pm Oct 29, 2010 7:51pm
Quoting Marv
Indeed.

I've had people call me crazy for risking more than 1% (and advocating high leverage as something good to have available). To them, it doesn't matter what my expectancy is, it doesn't matter that risk should be a function of your edge (a low estimate of your edge of course); math, science and optimal growth formulas don't matter, what matters is the typical bullshit they've been taught by so called experts who make money from teaching and selling "education" or from their brokers who either are against you getting wealthy or are...
Well Marv don't let it get to you, these people have an agenda and it's either to force the small guy out or make themselves richer [if it's a broker under a cloak he's got good reason to do so] because with a 50:1 leverage rule it makes it that much easier to force a margin call on an unsuspecting newbie.

I don't even care if any of them understand my thinking. It's not my fault they are uneducated. If they just want to pass it off as "Fuzzy Math" or the "Excuse of the Week" for "not thinking for myself" then so be it.

The way things are going the government will be spoon-feeding everyone next because they will be afraid that a "fork" is too sharp an instrument for some poor stupid moron to operate.

It has nothing to do with educating anyone... they would rather keep everyone stupid. No matter what kind of show they put on to disguise that fact.
  • #1,146
  • Oct 29, 2010 9:10pm Oct 29, 2010 9:10pm
Indeed again.

Nice avatar by the way. lol
  • #1,147
  • Oct 30, 2010 3:23am Oct 30, 2010 3:23am
Quoting pip_seeker

with a 50:1 leverage rule it makes it that much easier to force a margin call on an unsuspecting newbie.
If an 'unsuspecting newbie' doesn't understand his bröker's margin requirements and margin call policy then that's his fault, it's not the bröker trying to 'force a margin call'!

Sheesh, where do people get this stuff from.....
  • #1,148
  • Oct 30, 2010 5:48am Oct 30, 2010 5:48am
Quoting pipmutt
If an 'unsuspecting newbie' doesn't understand his bröker's margin requirements and margin call policy then that's his fault, it's not the bröker trying to 'force a margin call'!

Sheesh, where do people get this stuff from.....
True, if you cant read the manual, dont blame it on the broker..
this pig cannot be slaughtered for ever... or can it?
  • #1,149
  • Oct 30, 2010 7:50am Oct 30, 2010 7:50am
Quoting pip_seeker
because with a 50:1 leverage rule it makes it that much easier to force a margin call on an unsuspecting newbie.

And then there are some that like to twist the words people say... they don't fully read what they are reading.

If you don't think brokers are doing some form of this already I challenge you to read some of the latest fines issued to various brokers by the NFA for changing margin at the detriment of their customers.

And then come back here when your education has been upgraded to fully understand this conversation.

~Class dismissed~
  • #1,150
  • Oct 30, 2010 12:13pm Oct 30, 2010 12:13pm
guys, I've been thinking
why oanda has constantly 51% accounts profitable, 49% non-profitable
while other broker has constantly 25% accounts profitable, 75% non-profitable

I think I've figured out one reasonable (amazing) answer...

because 25% accounts are live but no activity and then accounts win/lose ratio is 25%:50%

so for other broker
profitable is 25%, non-profitable(including no activity) is 50%+25%
but for oanda
profitable is 25%+25%(no activity included because paid interest...), non-profitable is 50%

this also aligns with the law... "nothing we read from publicly available information will make us quick money"

so oanda vs other broker could be simply the difference of 25% accounts with no activity... oanda paid interest,,,, so it is called profitable.

can it be like this?
  • #1,151
  • Oct 30, 2010 12:36pm Oct 30, 2010 12:36pm
No, only active accounts were included.
  • #1,152
  • Oct 30, 2010 5:05pm Oct 30, 2010 5:05pm
Quoting georgem

True, if you cant read the manual, dont blame it on the broker..
lol, exactly!
  • #1,153
  • Nov 1, 2010 8:05pm Nov 1, 2010 8:05pm
Anybody else having platform issues lately?

I used to be able to load both my demo and live accounts and activate either one depending on circumstances. Then that stopped working. Oanda told me I would have to load one platform from my desktop icon, and the other from their website to do so, since then they use different server paths. This didn't really work, I had to choose one or the other.

Now, now matter where I load either platform from, it takes several minutes to load, and rarely loads all my windows, it also disconnects several times throughout the process.

I'm trading off of their "open ticket" window against an MT4 backdrop because at least it's slightly reliable, but this is getting ridiculous.

I love Oanda as a broker but this is just too stupid. WTF happened?

Last year their software operated flawlessly, today I'm lucky if I can get it open, and if it stays connected long enough to make a trade.
  • #1,154
  • Nov 1, 2010 8:14pm Nov 1, 2010 8:14pm
Quoting Low
Anybody else having platform issues lately?

I used to be able to load both my demo and live accounts and activate either one depending on circumstances. Then that stopped working. Oanda told me I would have to load one platform from my desktop icon, and the other from their website to do so, since then they use different server paths. This didn't really work, I had to choose one or the other.

Now, now matter where I load either platform from, it takes several minutes to load, and rarely loads all my windows, it also disconnects several times...
I still have some issues with oanda... but overall it works ok enough to trade....Still daily disconnects... but not so many anymore... still some price feed lags but only on one of the two profiles when I have two profiles opened...
I hope they sort out all the problems that are left very soon...
And I hope they find a solution without me having to concern about java versions and browser cache and stupid things like that... There should be ways for oanda to circumvent the necessity of this. I mean I am a programmer myself and I wouldnt dare to impose something like this on the users...
this pig cannot be slaughtered for ever... or can it?
  • #1,155
  • Nov 1, 2010 9:23pm Nov 1, 2010 9:23pm
Does anyone know if these spikes on CAD pairs are valid price action or were made by Oanda as a market maker?

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  • #1,156
  • Nov 1, 2010 9:31pm Nov 1, 2010 9:31pm
Quoting mizuno
Does anyone know if these spikes on CAD pairs are valid price action or were made by Oanda as a market maker?

Attachment
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They are valid. Check for example http://www.dailyfx.com/charts/netdan...symbol=USD/CAD
then set it on "1", for 1 minute chart....

I can see the spike there too.
this pig cannot be slaughtered for ever... or can it?
  • #1,157
  • Nov 1, 2010 9:40pm Nov 1, 2010 9:40pm
Quoting mizuno
Does anyone know if these spikes on CAD pairs are valid price action or were made by Oanda as a market maker?
This kind of thing is very disgusting. I checked with several brokers, on one has such a huge spike. And I am very interested if someone get stopped out due to this will he/she get compensation, as a policy not courtesy of the company.

Mark.
  • #1,158
  • Nov 1, 2010 9:44pm Nov 1, 2010 9:44pm
another flash crash?

yesterday Yen, last week UDX... These hft algos should be banned
  • #1,159
  • Nov 2, 2010 7:15am Nov 2, 2010 7:15am
Oanda does not support Weekly and Monthly chart? Sure seems so on their demo, lol...what a disappoinment
  • #1,160
  • Nov 2, 2010 7:30am Nov 2, 2010 7:30am
Quoting Zkf
This kind of thing is very disgusting. I checked with several brokers, on one has such a huge spike. And I am very interested if someone get stopped out due to this will he/she get compensation, as a policy not courtesy of the company.

Mark.
It it was an invalid spike you will get your money back. But in this case it's a valid one.
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