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OANDA Discussion

  • #1,181
  • Nov 3, 2010 1:57am Nov 3, 2010 1:57am
Quoting Xaron
Personally I only know some who have 6 figures accounts with Oanda but yes, probably there are some with more and actually I would do the same (so use Oanda) even with a 6-8 figures account - call me mad.
Me too. I would do the same... If my compounding plan works and I make it to 6 figures with oanda, why should I want to change the broker???

Never change a winning team....
this pig cannot be slaughtered for ever... or can it?
  • #1,182
  • Nov 3, 2010 3:33am Nov 3, 2010 3:33am
Quoting Adilius07
I read through pages 1-35 of this thread. Really scary I should say. Anyone still using them? What could be an alternative, please?
Page 1-35 is I believe 2004-2008.... I wouldnt base my opinion on that alone...

I am still using oanda, and I will continue to do so...

In a way it is useful to know all the bugs by name and to have all of them in sight and uncovered.

If you keep changing the bro.ker you will continuously be cought off guard... at least with oanda I know "how" and possibly "when" they will upset me...

Also: I am able to avoid a lot of the herementioned flaws by using the oanda fxtrade API.
this pig cannot be slaughtered for ever... or can it?
  • #1,183
  • Nov 3, 2010 3:34am Nov 3, 2010 3:34am
Quoting georgem
Me too. I would do the same... If my compounding plan works and I make it to 6 figures with oanda, why should I want to change the broker???

Never change a winning team....
Would you entrust a 6-figure bankroll to a bank that offers no insurance on your deposit?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,184
  • Nov 3, 2010 3:38am Nov 3, 2010 3:38am
Quoting The Fool
Would you entrust a 6-figure bankroll to a bank that offers no insurance on your deposit?
Yes. Because if the big banks fail your "insurance" isn't worth anything. There is JP Morgan behind Oanda. If JP Morgan fails, well... I guess this would be really bad even if you have an insurance with another broker.
  • #1,185
  • Nov 3, 2010 3:45am Nov 3, 2010 3:45am
Quoting Xaron
Yes. Because if the big banks fail your "insurance" isn't worth anything. There is JP Morgan behind Oanda. If JP Morgan fails, well... I guess this would be really bad even if you have an insurance with another broker.
You obviously are clueless about the FDIC. If you have a deposit in an FDIC-insured bank your funds are guaranteed (up to a limit) by the US government. If the bank fails, you'll get your money back. If Oanda fails, you're SOL, regardless of who is "behind" them, whatever the fuck that means.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,186
  • Nov 3, 2010 3:48am Nov 3, 2010 3:48am
Quoting georgem
Page 1-35 is I believe 2004-2008.... I wouldnt base my opinion on that alone...

I am still using oanda, and I will continue to do so...

In a way it is useful to know all the bugs by name and to have all of them in sight and uncovered.

If you keep changing the bro.ker you will continuously be cought off guard... at least with oanda I know "how" and possibly "when" they will upset me...

Also: I am able to avoid a lot of the herementioned flaws by using the oanda fxtrade API.
Well, if they could not add those stupid TF's since 2004 haha what else could be said? Good execution? How can you execute if your platform will not log you in??? Scary!

I'm not changing brokers, I have TOS for equity, just looking for one for FX... the world is filled with FX fraud services so it is hard to choose one...
  • #1,187
  • Nov 3, 2010 4:36am Nov 3, 2010 4:36am
Quoting Adilius07
Well, if they could not add those stupid TF's since 2004 haha what else could be said? Good execution? How can you execute if your platform will not log you in??? Scary!

I'm not changing brokers, I have TOS for equity, just looking for one for FX... the world is filled with FX fraud services so it is hard to choose one...
Good execution is certainly more important than a monthly chart...

Oanda will always give you at maximum 500 candles of data OHLC.
I can imagine that they can not give you 500 months because they dont keep the underlying ticks in their real time accesible database...

Maybe if they kept more data in their servers, all the people would make the server so busy with their longtime history accesses that in return the execution speed would suffer for everybody...

I can certainly see some kind of connection between the good execution speed and the somehow limited amount of history data oanda provides.

If that is true, I am happy that oanda is giving execution speed a higher priority then very old data.

More things to know:

Oanda has a service called FXTicks: https://fxtrade.oanda.com/trade-fore...istorical-data
There you can order data as far back as January 1, 2004...
Why they do not provide data that goes much more into the past I do not know... maybe the "quality" of data is not comparable with todays data... With quality I mean the amount of ticks and the error checking of those ticks...

P.S. I use oanda API, I can create a monthly, weekly and even 3.1415926 day chart with the API, of course I have to program it myself.
this pig cannot be slaughtered for ever... or can it?
  • #1,188
  • Nov 3, 2010 5:16am Nov 3, 2010 5:16am
Quoting georgem
Good execution is certainly more important than a monthly chart...

Oanda will always give you at maximum 500 candles of data OHLC.
I can imagine that they can not give you 500 months because they dont keep the underlying ticks in their real time accesible database...

Maybe if they kept more data in their servers, all the people would make the server so busy with their longtime history accesses that in return the execution speed would suffer for everybody...

I can certainly see some kind of connection between the good execution speed and...
Ok, thanks. I think we can say objectively that
1) Fast good executions
2) Unstable platform
3) Primitive charting
4) Good spreads
5) Any granularity
6) Any deposit amount.

Ok, there is no ideal one, I understand, so maybe I should try with a few hundrends before I can make my final decision... Thanks.
  • #1,189
  • Nov 3, 2010 1:23pm Nov 3, 2010 1:23pm
Oanda is screwing up again, volatility explodes, Oanda goes down ..
  • #1,190
  • Nov 3, 2010 1:26pm Nov 3, 2010 1:26pm
oanda sucks. And I say that as a longtime oandanian.

News = oanda disconnect. Its as true as E=mc2

FXTrade and API is down, even their wohle website is down...

Everything.
this pig cannot be slaughtered for ever... or can it?
  • #1,191
  • Nov 3, 2010 1:27pm Nov 3, 2010 1:27pm
I was hoping that wouldnt happen, but now I am really pissed...
this pig cannot be slaughtered for ever... or can it?
  • #1,192
  • Nov 3, 2010 1:32pm Nov 3, 2010 1:32pm
just turned at oanda, it's about fifteen minutes that i'm waiting to be able to close my trades, i understand a freeze during news, not a complete block!! i'm going to close the account immediatly! with my other 2 brokers i never had problems like that
  • #1,193
  • Nov 3, 2010 1:34pm Nov 3, 2010 1:34pm
Quoting georgem
oanda sucks. And I say that as a longtime oandanian.

News = oanda disconnect. Its as true as E=mc2

FXTrade and API is down, even their wohle website is down...

Everything.
When did that started ? news = disconnect ?

20 minutes after news , still no connection here..
  • #1,194
  • Nov 3, 2010 1:41pm Nov 3, 2010 1:41pm
I'm really pissed with Oanda's server problems......I'm really thinking about moving to Alpari us.

F@#k, anyone have any experience with Alpari us., I use them for charting purposes on MT4 and they don't seem to have server problems like Oanda does....
  • #1,195
  • Nov 3, 2010 1:41pm Nov 3, 2010 1:41pm
Logging out and in solved the problem
  • #1,196
  • Nov 3, 2010 1:42pm Nov 3, 2010 1:42pm
Sorry to be a smartass but if this problem exists since 2004 and exist on consistent basis why would someone still use it? Don't we have to treat this as business not gambling?

Those who advertise are probably connected to them...
Just my 2 cents...
  • #1,197
  • Nov 3, 2010 1:43pm Nov 3, 2010 1:43pm
Quoting ladex142
I'm really pissed with Oanda's server problems......I'm really thinking about moving to Alpari us.

F@#k, anyone have any experience with Alpari us., I use them for charting purposes on MT4 and they don't seem to have server problems like Oanda does....
I'm with Alpari uk, never had big problems, sometimes with those news it frezzes for about 1 minute, but the spread remain the same, not good if you're a sclaper because execution isn' really fast
  • #1,198
  • Nov 3, 2010 1:45pm Nov 3, 2010 1:45pm
Quoting Adilius07
Sorry to be a smartass but if this problem exists since 2004 and exist on consistent basis why would someone still use it? Don't we have to treat this as business not gambling?

Those who advertise are probably connected to them...
Just my 2 cents...
I tought it would freeze for 2-3 minutes not 20-25 minutes!! since i'm not a day trader 2 minutes freeze isn't that bad
  • #1,199
  • Nov 3, 2010 1:47pm Nov 3, 2010 1:47pm
Quoting Beman
I tought it would freeze for 2-3 minutes not 20-25 minutes!! since i'm not a day trader 2 minutes freeze isn't that bad
I only managed to read first 35 pages of this thread. And it on every page. same posts, same pissed traders... Ok, good I learned.
Now I will focus on IBFX... hope not to see the same posts (((
  • #1,200
  • Nov 3, 2010 1:52pm Nov 3, 2010 1:52pm
Quoting Adilius07
Sorry to be a smartass but if this problem exists since 2004 and exist on consistent basis why would someone still use it? Don't we have to treat this as business not gambling?

Those who advertise are probably connected to them...
Just my 2 cents...
I had a 15 minute disconnect... Now everythings works fine again...

I would still advertise oanda, but really point out the problems.
this pig cannot be slaughtered for ever... or can it?
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