Forex trading with Oanda

Quote from jasonjm:


BTW: the people at oanda always have answered their phone immediately for me.
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If you are in a trade and for some reason you have internet problems or you have a problem with the trading platform, there is nobody that you can call at a trading desk to get you out of the trade. All you can do is leave a message on their voicemail and at some later point they will check the date and time you left the message and they will adjust your account appropriately. This is not very reassuring. (This is as of the last time I spoke to them, which was earlier this year)
 
yes - I understand this - but I have the same thing with my broker : freetrade.....


It has not affected me so far, as all my trades are with stop losses, so it has not affected my style as of yet, but I can understand how this might be very bad for some people
 
I'm trading with Oanda since September 2002.I withdraw funds several times and they were transfered to my bank account within 3 days.Now,being registered with NFA.Oanda is my favorite:)
 
Quote from gemini_315:

If you are in a trade and for some reason you have internet problems or you have a problem with the trading platform, there is nobody that you can call at a trading desk to get you out of the trade. All you can do is leave a message on their voicemail and at some later point they will check the date and time you left the message and they will adjust your account appropriately. This is not very reassuring. (This is as of the last time I spoke to them, which was earlier this year)
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Very bad service.
 
Rezo,



Even with 50:1 leverage you still can limit your risk to 2%

if you are a scalper, you can lose 2% with ony 5:1 leverage

and 1% with 10:1 leverage
 
Looks like this thread still has a little life left in it. So, maybe someone with Oanda experience can answer a few questions for me?

1. Is there a way to capture charts, with out using the print screen function on my computer?
When I use this, it captures the whole trading platform, with account information and all.

2. When orders are placed, are they held at Oanda, or on your computer? If you place an order, and at the time you log off the trading platform, your order is unfilled, will it be filled, while you're logged off?

3. Whats the appropriate way to scale out of a position?(3 exits)
For instance, enter short with 30,000 units, with a stop loss on the whole, and then enter 3 separate buy limit orders of 10,000 units at specified prices?

Is there a way automatically to move the stop loss,on the remaining units as each target is reached?

Thanks for your help.
 
Quote from sulong:

Looks like this thread still has a little life left in it. So, maybe someone with Oanda experience can answer a few questions for me?

1. Is there a way to capture charts, with out using the print screen function on my computer?
When I use this, it captures the whole trading platform, with account information and all.

2. When orders are placed, are they held at Oanda, or on your computer? If you place an order, and at the time you log off the trading platform, your order is unfilled, will it be filled, while you're logged off?

3. Whats the appropriate way to scale out of a position?(3 exits)
For instance, enter short with 30,000 units, with a stop loss on the whole, and then enter 3 separate buy limit orders of 10,000 units at specified prices?

Is there a way automatically to move the stop loss,on the remaining units as each target is reached?

Thanks for your help.
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Sulong,

I have been trading with OANDA for a litle over 6 months now and will answer your questions from what I understand.

1) There is a way to capture just the chart. You can open a seperate chart that is just for charting adn use the print screen on it. Check the message board at OANDA for methods of capturing charts if there are any different that what I have described.

2) OANDA holds your orders. You can log off, get disconnected, or whatever on your end and your stop loss, take profit, limit entry will still get executed.

3) If entering short 30,000 units to scale out do not use a stop loss unless you wnat to exit the entire position at one price. Use three seperate buy limit orders at your defined proce targets.

ex. To sell 30,000 USDCHF @ 1.2500 with profitstargets at 1.2460, 1.2430, 1.2410. You would sell 30,000 USDCHF at 1.2500 and enter three limit orders to buy 10,000 @ 1.2460, buy 10,000 @ 1.2430, and buy 10,000 @ 1.2410.

4) In the scenaio in (3) you would have to manually move the stops as you scale out. There is not a trailing stop feature at OANDA. It has been heavily requested through the OANDA forums so I woudl expect to see it in the future. Theay are pretty good about implemeting customers recomendations into the trading platform. Although it somtimes takes awhile and it is first tested in the demo platform. That is why the demo will have features that the live version does not.

Hope this helps.
 
Quote from Burtakus:


1) There is a way to capture just the chart. You can open a separate chart that is just for charting adn use the print screen on it. Check the message board at OANDA for methods of capturing charts if there are any different that what I have described.
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OK, I found it.
Thanks for the tip Burtakus.

For those of us that want to know how it's done...

On the left side of your trading screen, where it says "Current Rates", click on the pair you wish to save a chart of. a new window will pop up with the chart, but without your account information.

And then print screen, and save where ever you want. ( paint)
 
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