Oanda - Add Your SCAM SCREENS Here
- Thread starter forestgril
- Start date
Yeah exactly, I think it may be a psychological game. They know something, You don't (some news in a way f.e.) and know ALL THE POSITIONS on their platform and they can act so as to confuse all the traders. If most traders think, it will go down, and they know it should go up, they will make these spikes and earn money on the stops. When it finally goes up, during this time many traders would resign off the short side, but it is to late, cause after the stop they were raising their tickets and could not close the trades, or lower the stops.
BUT.... If it really goes down, as most traders would think and eventually profit from it, they will tell that "it was a tradable price" and will not cancel the stops. So...
Oanda traders... do You now know what to do?
Good point, having stops reversed can be just as bad then.
I'm not sure people fully appreciate the potential problem this could cause, but what I find odd is that we rarely hear of it happening on any other platforms, just Oanda
Whatever the reasons are for it this is simply unacceptable to a trader, it's laughable that a MM can just reverse trades whenever he feels like it!
I know I've been giving Oanda a bad rep the past few months because of the problems I've had but this past 2 weeks or so have been perfect and it's only fair I post about it.
I'm a short-term scalper and average between 20 and 30 trades a day, some lasting for just a few seconds, Oanda have been near perfect. Instant fills with hardly any slippage, their spreads across data only widened for a few seconds (or about a minute at most), and there haven't been any funny spikes or price freezes, and not one reversed trade!
So, well done Oanda, if you can keep this up you'll have nothing close to any competition!
I'm a short-term scalper and average between 20 and 30 trades a day, some lasting for just a few seconds, Oanda have been near perfect. Instant fills with hardly any slippage, their spreads across data only widened for a few seconds (or about a minute at most), and there haven't been any funny spikes or price freezes, and not one reversed trade!
So, well done Oanda, if you can keep this up you'll have nothing close to any competition!
Hey cable - I trade the same style as you with Oanda.
How has your connection been with them over the last week or so?
Earlier in the week mine was miserable. Connection bar in the yellow, communication errors when trying to trade, etc., disconnects here and there...
And when you're trading as we do, having confidence in the platform is a must in order to be effective.
How has your connection been with them over the last week or so?
Earlier in the week mine was miserable. Connection bar in the yellow, communication errors when trying to trade, etc., disconnects here and there...
And when you're trading as we do, having confidence in the platform is a must in order to be effective.
So again... another straw and another and another... a haystack.... a barn, ok, ok....
Haystacks are usually made of hay not straw, the clue is in the name.
Talking of straw....
Man of straw - one who is not responsible pecuniarily.
the final straw - the final irritation that stretches you patience beyond the limit
draw the short straw - to say that someone has been unlucky because they were chosen to do something that no one else wanted to do - the loser
Hope that helps...
Hi bugscoe
I know what you mean, it certainly adds a bit of unwanted excitement that's for sure! I'm using a default stop and limit on every order now just in case, hopefully they've sorted everything out because there have been a lot of complaints. It's enough having to focus on the market without having to worry about the platform going down right in the middle of a trade!
Just looking over some screenshots and I did have connection problems on the 18th around 9pm (4pm EST) but it only lasted a few minutes if I remember, I put it down to my ISP but it might not have been. Other than that it's been pretty stable touch wood!
What I've found helps with a yellow bar is Connection > Disconnect > Connect, it seems to work.
bugscoe, something I've just been reminded of on another thread. This may be coincidence but ever since I disabled charts and that side bar thing (action buttons) I haven't had any of the problems I used to have. All I've got is a quote panel and account summary both popped out, and the tabs with trades/orders/boxes/positions/exposure/activity, that's it. I permanently have tickets up for the pairs I trade, with the 'keep window open' checked, in effect it's one-click trading which is ideal for scalpers.
Might be worth a try if you're still having problems....
Might be worth a try if you're still having problems....