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  • #2,061
  • May 23, 2011 2:48am May 23, 2011 2:48am
I had a few 'trade context busy' stuff this morning which prevented me from closing the long euro trades. Thankfully the euro rallied further than i thought and I could eventually close out at a higher profit , taking my account to a new high. Anybody else?
  • #2,062
  • May 23, 2011 2:52am May 23, 2011 2:52am
Quoting StephanusR
I had a few 'trade context busy' stuff this morning which prevented me from closing the long euro trades. Thankfully the euro rallied further than i thought and I could eventually close out at a higher profit , taking my account to a new high. Anybody else?
Oanda also down for me. Very frustrating. From other people I've communicated with, this seems to be a common occurence with them. I will be looking to leave them for my active trading, only leaving my long term trades. Maybe I won't even do that depending on what else there is.

Can anyone recommend a reliable broker.
  • #2,063
  • Edited 3:09am May 23, 2011 2:57am | Edited 3:09am
Quoting 2+2=4ex
Oanda also down for me. Very frustrating. From other people I've communicated with, this seems to be a common occurence with them. I will be looking to leave them for my active trading, only leaving my long term trades. Maybe I won't even do that depending on what else there is.

Can anyone recommend a reliable broker.

Sorry, i trade from 9-12 GMT+2 and this is the first time this year that it's happening.

edit:it's back up.
Never whishing, always trading.
  • #2,064
  • Edited 3:15am May 23, 2011 3:00am | Edited 3:15am
about an hour ago, the problem occured on FXPractice. i didnt expect it will affect FXTrade too.

anyone having similar issues with other brokers as of this moment?

EDIT:
4.13pm local time (about 4.13AM NY Time)
i just got connected to FXTrade

sorry, that's my PC clock time (a bit advanced). Oanda time now is 16.10, so that time above should read +/-4.00pm local time
  • #2,065
  • May 23, 2011 3:11am May 23, 2011 3:11am
I just got it working. Talked to the live chat help and it worked within seconds. Kinda odd.
  • #2,066
  • May 23, 2011 3:14am May 23, 2011 3:14am
Quoting Typical
I just got it working. Talked to the live chat help and it worked within seconds. Kinda odd.
purely coincidental.
it so happened that they got it running by the time u got in with live chat.
  • #2,067
  • May 23, 2011 8:02am May 23, 2011 8:02am
What i noticed About Oanda's MT4 Platform is that their Moving averages aren't Like any Other MT4 Platform form other Brokers. I use Oanda's and Alpari's MT4 Both live accounts and Oanda's Moving average are Different when i checked a few others. This can really screw up A trader view of where Support levels may lie. I didn't check but i wonder if other Indicators are affected. This has got to be the fact that they have their MT4 Open from Sunday around 2pm
Best Regards Moneymike
  • #2,068
  • May 24, 2011 12:15pm May 24, 2011 12:15pm
Mike: There are several reasons for differences in MA's. One is more or less candles, as in your case of an early open on Sunday. Others are:

differences in timing,
missing candles,
bad candles,
different formula for calculations.

For me, noticing missing candles is the hardest to spot.
Ecclesiastes 1:9
  • #2,069
  • May 24, 2011 5:01pm May 24, 2011 5:01pm
True, not all brokers have the same amount of candles, and i always update the Pair history before Doing a Deep Analyse to avoid a missing candle . But Oanda's 100 moving average on the Daily chart as of today is 1.41107 while alpari's is 1.3972 this can be very dangerous Relying on a False Signal.
Best Regards Moneymike
  • #2,070
  • May 25, 2011 2:46am May 25, 2011 2:46am
Oanda FIFO Starting May 30 2011
http://fxtrade.oanda.com/help/close-trades-fifo
  • #2,071
  • May 25, 2011 3:06am May 25, 2011 3:06am
Quoting supremeChaos
Oanda FIFO Starting May 30 2011
http://fxtrade.oanda.com/help/close-trades-fifo
hm, yes

I still have to figure out, how strict this rule is.

If I have 5 trades same pair. And the units are:

10001
10002
10003
10004
10005

Then the rule does not apply, is that true?

Is that a simple way to circumvent this rule?
this pig cannot be slaughtered for ever... or can it?
  • #2,072
  • May 25, 2011 3:16am May 25, 2011 3:16am
I just had a chat with oanda representative about that:

OANDA: Thank you for choosing OANDA. How may I help you?
georgem: Hello
georgem: I have some more specific questions about the new NFA FIFO rules
OANDA: Okay.
georgem: How specific is the rule? I explain:
georgem: If I have 5 trades in the same pair. But the units are:
georgem: 10001
georgem: 10002
georgem: 10003
georgem: 10004
georgem: 10005
georgem: can I now go on and close any trade whenever I want, because the rule does in effect NOT apply
georgem: is that true?
georgem: because the unit size is different
OANDA: the FIFO rule only affects trades of the SAME unit value. If you have trades of different sizes, FIFO does not apply to them. This is explained clearly in the FIFO rules clarification page here
OANDA: http://fxtrade.oanda.com/help/close-trades-fifo
georgem: yes.
georgem: So as long as the unit sizes are different, no matter how small the difference
georgem: than the rule does not apply.
OANDA: Yes...
georgem: ...
georgem: :-)
georgem: Alright
OANDA: Great. Thank you for chatting with us.
georgem: Thank you. Have a nice day
this pig cannot be slaughtered for ever... or can it?
  • #2,073
  • May 25, 2011 9:59am May 25, 2011 9:59am
Quoting supremeChaos
Oanda FIFO Starting May 30 2011
http://fxtrade.oanda.com/help/close-trades-fifo
What purpose does this serve? Totally lame.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,074
  • May 25, 2011 10:01am May 25, 2011 10:01am
Quoting georgem
I just had a chat with oanda representative about that:

OANDA: Thank you for choosing OANDA. How may I help you?
georgem: Hello
georgem: I have some more specific questions about the new NFA FIFO rules
OANDA: Okay.
georgem: How specific is the rule? I explain:
georgem: [color=red]If I have...
Hahaha! Nice.
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #2,075
  • May 25, 2011 10:58am May 25, 2011 10:58am
Quoting georgem
I just had a chat with oanda representative about that:

OANDA: Thank you for choosing OANDA. How may I help you?
georgem: Hello
georgem: I have some more specific questions about the new NFA FIFO rules
OANDA: Okay.
georgem: How specific is the rule? I explain:
georgem: [color=red]If I have...
That's cool man!

Quoting supremeChaos
Oanda FIFO Starting May 30 2011
http://fxtrade.oanda.com/help/close-trades-fifo
Hi SC,
I thought they already started FIFO some time ago.
J.
Follow my trading on Twitter and FB: @pumlitch
  • #2,076
  • May 25, 2011 12:24pm May 25, 2011 12:24pm
Quote
OANDA: Yes...

lol
  • #2,077
  • May 25, 2011 12:32pm May 25, 2011 12:32pm
Compleet newbie here.
I opened a demo account with Oanda. I just wanted to know if the profit shown in the "Transaction History" page is real. Are there any hidden fees? Anything I am doing wrong or might have missed? Here is a pic: http://i.imgur.com/HHfiA.png

Also, I'm from Belgium. Does anyone know if I might have problems withdrawing the money?

Thanks.
  • #2,078
  • May 25, 2011 2:03pm May 25, 2011 2:03pm
Quoting Vit
Also, I'm from Belgium. Does anyone know if I might have problems withdrawing the money?

Thanks.
It depends if you're Flemish or not.
  • #2,079
  • May 25, 2011 2:09pm May 25, 2011 2:09pm
I noticed this member watching this thread.

Is this an Oanda representative?
  • #2,080
  • May 25, 2011 2:29pm May 25, 2011 2:29pm
Quoting Marv
I noticed this member watching this thread.

Is this an Oanda representative?
noticed it too...

i hope i didnt violate any rules... posting the chat etc...

well... about the FIFO rule.... i spent half a day rewriting my API code to create slightly different unitsizes... so that the rule doesnt apply....

...reminded my what forextrading really means... wildwest... rules may change all the time and destroy your profitable strategy...

I expect the rules to only get worse in the next years...:-(
this pig cannot be slaughtered for ever... or can it?
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