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  • #2,561
  • Edited 2:43am Sep 6, 2011 2:32am | Edited 2:43am
Quoting markd85
Hi All
Hope someone can help me here. Is it possible to setup the fxtrade "trading" tab so that no matter what pair you are trading, you would buy the correct number of units to risk 1% of your account balance? I realize you would have to define your stop loss...say with a stop of 20 pips. Thanks so much.
Mark
no, not possible.

This is because all these trading softwares including MT4 never "think" of you making money and all have horrible ways to enter a position.

I already searched for something for MT4 where you can plot lines on chart (SL, TP) before you get in and it automatically sets the lot size, but that thing was buggy just as everything else.

The only way is a calculator or make a table of how many lots per what SL size you need.
With fxTrade you can "guess" the size, because on the bottom of the buy/sell pop up it tells you how much you would loose in case your SL gets hit, so, knowing what 1% of your account is, you can guess the units.

Having traded a lot, I know what size I need to what SL, but I wish I had a software that would do that for me to eliminate all errors that I could make.

By the way, there were times where trades manually calculated moving averages and drew them on charts by hand hehe, that was even more pain in the ass, but it is usually true, that the more work you do, the better you are than others.
I found a penny today. That's +100 pips for me.
  • #2,562
  • Edited 3:30am Sep 6, 2011 2:57am | Edited 3:30am
Quoting ReaM
This is because all these trading softwares including MT4 never "think" of you making money and all have horrible ways to enter a position.

I already searched for something for MT4 where you can plot lines on chart (SL, TP) before you get in and it automatically sets the lot size, but that thing was buggy just as everything else.
Not true. In MT4 you can write a script that, with a press of a button, enters a position with your predefined settings like % risk, SL/TP distance, etc. Definitely works with no bugs if coded correctly. You probably just didn't get any good scripts or don't know how to code. I don't use or like MT4, but I used it in the past and know what I'm talking about.

Personally I have a dedicated trading keyboard where each key places a certain type of trade with predefined parameters (in the past I used it with MT4 and now I use it with an API connection). The keyboard has all types of trades that I use + keys for functions like closing trades, moving SL/TP, etc. Absolutely no manual calculations or "guessing" needed.

Recently I decided that it was lame to have an extra physical keyboard (especially when moving around with my laptop) and that I prefer to just use my mouse so I made a virtual version of the keyboard that remains on my screen and all I have to do is click on a button to get in a trade.

Quoting ReaM
the more work you do, the better you are than others.
I'd say work smart not hard. Though I often use that motto as an excuse to be lazy.
  • #2,563
  • Sep 6, 2011 3:19am Sep 6, 2011 3:19am
Is anyone having problems with Oanda right now ??

Whenever the market goes on a frenzy, like a couple times lately with Swissy, the prices don't even keep up. I've got EuroSwiss right now at 1.17 instead of 1.21.

Do I just need faster computers, or are others experiencing this as well. Java is clocking my CPU's when the prices move this fast.
  • #2,564
  • Sep 6, 2011 3:44am Sep 6, 2011 3:44am
Ok, thanks. Yeah, this happened the last time Swiss went on a tear.

Here's the 10 second chart
Attached Image (click to enlarge)
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  • #2,565
  • Sep 6, 2011 4:38am Sep 6, 2011 4:38am
Why is OANDA lagging sometimes when a SL is hitted, and the price continues over the SL ? What should i do because if i try to close it to the new price(even though it's more than the SL it says off quotes) and if i wait nothing happens my margin equity just falls...
If i wait will it sell/buy within the price i had the stop loss ?
  • #2,566
  • Sep 7, 2011 12:09am Sep 7, 2011 12:09am
Not loving the random "spikes" on OANDA... not to mention the lack of

Oanda printing 15 usd lower than bloomberg....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Bloomberg.gif Size: 24 KB
  • #2,567
  • Sep 7, 2011 3:45am Sep 7, 2011 3:45am
Quoting iNs0mN1a
Why is OANDA lagging sometimes when a SL is hitted, and the price continues over the SL ? What should i do because if i try to close it to the new price(even though it's more than the SL it says off quotes) and if i wait nothing happens my margin equity just falls...
If i wait will it sell/buy within the price i had the stop loss ?
Yes, I hate that, but I believe your SL is actually hit where it was touched (plus some slippage if it exists). You don't loose more money, even though your SL is still on chart and price went far past it.
I found a penny today. That's +100 pips for me.
  • #2,568
  • Sep 7, 2011 3:49am Sep 7, 2011 3:49am
Quoting Price
Is anyone having problems with Oanda right now ??

Whenever the market goes on a frenzy, like a couple times lately with Swissy, the prices don't even keep up. I've got EuroSwiss right now at 1.17 instead of 1.21.

Do I just need faster computers, or are others experiencing this as well. Java is clocking my CPU's when the prices move this fast.
The platform always freezes or is very slow, when price movement is fast. That's something one has to live with, but it did not bother me yet (performance wise), since I try not to trade the most volatile moves (usually news). It did not hurt my performance.

I would suggest you open MT4 and FxTrade of the same account and watch prices there. MT4 is usually more responsive, if you need to trade news, but I dont think you will move your SL or TP as easily as in fxTrade
I found a penny today. That's +100 pips for me.
  • #2,569
  • Sep 7, 2011 3:53am Sep 7, 2011 3:53am
Quoting Marv
Not true. In MT4 you can write a script that, with a press of a button, enters a position with your predefined settings like % risk, SL/TP distance, etc.
I am sure 99% cannot code anything like that. I wish it were readily avaiable. This is like a DNA for trading, it's a must for every software, yet no cheap software has it. I've never tried x_trade or other expensive platforms, so I don't know what they are like.

fxTrade is the most convenient to trade.

With MT4, I always have a calculator by hand, type in my account balance, multiply it by 0.02, the divide by 50 to get the position size that I need (puke).

By the way about hard work: forex is a full time activity. Especially backtesting is very time consuming. You think you found something that works, you backtest couple of years about 1000 trades only to find out that the strategy has flat performance.
I found a penny today. That's +100 pips for me.
  • #2,570
  • Sep 7, 2011 5:13am Sep 7, 2011 5:13am
Quoting ReaM
Yes, I hate that, but I believe your SL is actually hit where it was touched (plus some slippage if it exists). You don't loose more money, even though your SL is still on chart and price went far past it.
Ok thanks, so i shouldn't worry about it...i'm not LIVE yet so no problems, but i want to get used to OANDA before trading with real money...
  • #2,571
  • Sep 7, 2011 6:27am Sep 7, 2011 6:27am
Quoting ReaM
This is like a DNA for trading, it's a must for every software, yet no cheap software has it.
Agreed. I noticed this and find it to be a strange inconvenience, especially since it's pretty easy to code compared to, say, charting etc.
  • #2,572
  • Sep 8, 2011 6:08am Sep 8, 2011 6:08am
oanda down here ..anyone else?
  • #2,573
  • Sep 8, 2011 12:34pm Sep 8, 2011 12:34pm
Quoting Umverteiler
oanda down here ..anyone else?
Maybe they're trying to find my $300 deposit that's been missing since 8/12...
  • #2,574
  • Sep 8, 2011 2:29pm Sep 8, 2011 2:29pm
Quoting Price
Is anyone having problems with Oanda right now ??
Whenever the market goes on a frenzy, like a couple times lately with Swissy, the prices don't even keep up. I've got EuroSwiss right now at 1.17 instead of 1.21...
yeah, i experienced that too.
Oanda MT4 actually has a gap during that time.
  • #2,575
  • Sep 8, 2011 3:26pm Sep 8, 2011 3:26pm
Quoting supremeChaos
yeah, i experienced that too.
Oanda MT4 actually has a gap during that time.
Thanks, I was actually wondering if the MT4 side was working well. Some of my other br0kers MT4 screens kept up with the fast pricing just fine. But jeez, my CPU/hard drive sounds like it's gonna overheat when the java platform experiences exceptionally fast markets. And the chart starts printing a few minutes behind the current time.

I noticed Gold has had some gaps and spikes the last couple of days as well.
  • #2,576
  • Sep 9, 2011 4:55pm Sep 9, 2011 4:55pm
Quoting Monk3y
Not loving the random "spikes" on OANDA... not to mention the lack of

Oanda printing 15 usd lower than bloomberg....
Nothing wrong about it , just checked the futures the length of the candle was around 57 dollars , Igindex and CMC low at 1814 ...but Fxcm's low for the period around 1827 ... seems there was some difference in the price movement between the futures and the spot ...
  • #2,577
  • Sep 13, 2011 8:31pm Sep 13, 2011 8:31pm
Guys, any thoughts on why Oanda consistently has the highest % of profitable brokers and the highest # of traders?
  • #2,578
  • Sep 15, 2011 5:01am Sep 15, 2011 5:01am
Recently., i am trying to use oanda mt4 demo account. However, I found that the server are really slow, I have to wait very long time to open or close a position. The speed is not acceptable, at least have to wait 1 min to open a position.

I would like to know, is that real account sever is better than demo server?
  • #2,579
  • Sep 15, 2011 5:06am Sep 15, 2011 5:06am
Thanks man
Regards
  • #2,580
  • Sep 15, 2011 6:13am Sep 15, 2011 6:13am
Hi, I recently opened MT4 account with Oanda. It is not showing account history details except order no. and time. How to get details of my closed trades to review my trades? please help.
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