Never Trade With Oanda If You Want To Trade Seriously

The EUR/USD is a 30 sec. min/max chart?
Chart listed short at 1.5780 and covered at approx 1.5770?
Did I read that right? Honestly, those min/max charts look like a cloud formation chart hybrid thing. For 30 sec charts, should one use that type? Maybe OHLC would be better?
 
Quote from davidmaria1:

The EUR/USD is a 30 sec. min/max chart?
Chart listed short at 1.5780 and covered at approx 1.5770?
Did I read that right? Honestly, those min/max charts look like a cloud formation chart hybrid thing. For 30 sec charts, should one use that type? Maybe OHLC would be better?
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I'm impressed, you mean you actually understand that shit! Any time I've had a discrepancy over an order (not) being filled I've gone by looking at a bar chart but Oanda say I have to go by the min/max :confused:

Sounds like a bit of a ruse to me, a bit like 'no-one else has reported a problem, have you cleared your java cache' when the connection is bad, but there's like 100 people on their forum with connection problems complaining!
 
Educated guess, but when I looked at it again, it looks as thought there was a limit order (square?). I've only used the limit order once in Oanda.
Yeah, "clear the cache", "try it again, then re-boot", "you need a new motherboard", "fine on our end" etc.:confused:
 
Min/Max chart is simple. It shows the full spot range from bid to ask at any specific time. Since OANDA has variable spreads, you have to check your trades' execution on the min/max to spot any inconsistency.

If forestgril's trades were opened(limit) or stopped out(SL hit) outside the min/max values those trades should not have been triggered.

The issue is whether it is a display inconsistency or an actual spot quote inconsistency.

I have seen gaps at OANDA simply disappear after a few minutes. Those charts get revised a lot and you can't go by what you see, since the past can be changed at anytime and the present isn't necessarily real.

I like OANDA, but you need to sidestep the pitfalls. Trading longer term, as in swing trading the larger trends, is safer. Their interest payouts are hard to beat.
 
The gray area includes the spread. That's actually pretty cool. I still don't think I would trade it, but it would surely help solve any disputes. Maybe not in our favor.... That said, is it wise for a relative newcomer to trade a 30 sec. chart?
 
Quote from cstfx:

Once in a while?? There are more blackouts with their platform than there are on a summer night in Baghdad.
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Sorry, I don't have those problems.
 
Quote from forestgril:

first one, at 14:14 the stop was hit, although the price did not get there!!!
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Go down to the lowest possible timeframe. You will see it spiked down to your stop.

It's obvious from your screenshots that you like to scalp and play the news. That's cool, but almost every single person who I have ever seen post a scathing review of Oanda and calling them a scam is like you - a scalper and a news trader.

I think Oanda is just fine with those types of traders not using them. And they get burnt, which is fine by me as well.
 
Quote from Ivanovich:

Go down to the lowest possible timeframe. You will see it spiked down to your stop.

It's obvious from your screenshots that you like to scalp and play the news. That's cool, but almost every single person who I have ever seen post a scathing review of Oanda and calling them a scam is like you - a scalper and a news trader.

I think Oanda is just fine with those types of traders not using them. And they get burnt, which is fine by me as well.
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Ivan, why do you think that scalping and trading news is wrong, works for me and boosts the monthly returns, I'm not alone there are plenty of traders scalping news profitably.

My complaints about Oanda were mainly to do with fills and slippage. Profitable trades are always less and losing trades are always more, only by a few dollars per trade but it soon adds up and makes a mockery of the advertised tight spreads. Then there were a lot of connection issues, price freezes and manipulation, all mysteriously around data and other volatile times. On top of all that nonsense are ridiculously wide spreads, wider and for longer than any other platform I've ever seen.

If Oanda have sorted themselves out now, perhaps after realizing why professional traders were leaving in droves, that's great. Only time will tell whether today's excellent platform performance and fills at such a volatile time were a one-off or not.
 
Quote from bugscoe:

So what is your point with these charts? That every time you were stopped out it was because of some sort of stop hunting by the broker?
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NO

What I mean is that prices: bid/ask behave strange with no reason on Oanda.
Min/Max - the grey ribbon on the screens are the bid/ask prices. If Your limit touches the further price of the ribbon or Your stop touches the nearer, You should get filled.

But the first screen shows a situation for sure: THERE WAS A STOP ALTHOUGH THE PRICE DID NOT HIT THE STOP! It was few Euro for me but for someone with bigger capital that may be few tens of, so.... WATCH OUT
 
Quote from cabletrader:

I'm impressed, you mean you actually understand that shit! Any time I've had a discrepancy over an order (not) being filled I've gone by looking at a bar chart but Oanda say I have to go by the min/max :confused:
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In fact, the min/max are easy. And the first screen shows a stop without actually hitting it. That is a scam, how to call it otherwise? They ought to have a totally automatic system, huh?

I am a programmist. If their program makes such a mistake once, it will make it often, You should risk as little as possible with them.
 
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