lol, you're lucky!
Oanda - Add Your SCAM SCREENS Here
- Thread starter forestgril
- Start date
lol, you're lucky!
It seems to me Cable, You should be starting "to eat Your words" already.
Something is wrong with this broker and I think they are evil, not simply incompetent.
As You mentioned, their server should not run on Atari, Spectrum, C64 or whatever.
I am not a speciallist in networking but it is really so demanding for the servers??? Lets do a little calculation....
Data with orders can be compressed in a packet of tens of bytes (f.e.):
buy (order type - one byte)
EUR/USD (pair number - one byte)
1.48151 ( floating point - 4 bytes)
sl (order type - one byte)
1.48021 ( floating point - 4 bytes)
tp (order type - one byte)
1.48302 ( floating point - 4 bytes)
together: 16 bytes + encoding = (lets say) 200 bytes
(indeed - You can watch the amount of outgoing bytes sent per second in Your firewall by Firefox - it is 0 bytes per second when idle, and when Oanda is on, it is about 200 bytes/second and does not change during giving an order to the platform)
If I can afford a bandwidth of 4Mbits/second, then they should have a bandwith of at least 100 times larger = 400Mbits/second (lets assume that their incoming=outgoing bandwith)
together it gives 400Mbits=50MB/second
So they should be able to process 50MB/200=250.000 orders in every second!
Even if the amount of orders is bigger than that in one second, the queuing would cause a little dropdown in the speed of accepting them and in few seconds everything should be back to normal, but I don't believe they have more than 100.000/sec orders on a constant basis for many hours.
This is a very crude and probably bad calculation but....
They boast about realizing 394mlns of transactions so far... So lets assume that half of it was made during last 365 days, that gives 530.000 trades a day. Now lets assume they were all made during every 4 maximum hours, which gives 530000/(4*3600)=36 transactions during every second on average!!!
Even if the maxium speed of receiving orders would be 10 times bigger, they should still be able to process it without a problem....
Any more questions?
Something is wrong with this broker and I think they are evil, not simply incompetent.
As You mentioned, their server should not run on Atari, Spectrum, C64 or whatever.
I am not a speciallist in networking but it is really so demanding for the servers??? Lets do a little calculation....
Data with orders can be compressed in a packet of tens of bytes (f.e.):
buy (order type - one byte)
EUR/USD (pair number - one byte)
1.48151 ( floating point - 4 bytes)
sl (order type - one byte)
1.48021 ( floating point - 4 bytes)
tp (order type - one byte)
1.48302 ( floating point - 4 bytes)
together: 16 bytes + encoding = (lets say) 200 bytes
(indeed - You can watch the amount of outgoing bytes sent per second in Your firewall by Firefox - it is 0 bytes per second when idle, and when Oanda is on, it is about 200 bytes/second and does not change during giving an order to the platform)
If I can afford a bandwidth of 4Mbits/second, then they should have a bandwith of at least 100 times larger = 400Mbits/second (lets assume that their incoming=outgoing bandwith)
together it gives 400Mbits=50MB/second
So they should be able to process 50MB/200=250.000 orders in every second!
Even if the amount of orders is bigger than that in one second, the queuing would cause a little dropdown in the speed of accepting them and in few seconds everything should be back to normal, but I don't believe they have more than 100.000/sec orders on a constant basis for many hours.
This is a very crude and probably bad calculation but....
They boast about realizing 394mlns of transactions so far... So lets assume that half of it was made during last 365 days, that gives 530.000 trades a day. Now lets assume they were all made during every 4 maximum hours, which gives 530000/(4*3600)=36 transactions during every second on average!!!
Even if the maxium speed of receiving orders would be 10 times bigger, they should still be able to process it without a problem....
Any more questions?
Yup, an acceptable level of service didn't last very long, it was obviously too much to ask or hope for!
If your number crunching is correct then there really shouldn't be any connection problems, if other marketmakers can manage to keep a platform up and running for longer than a week then surely Oanda can.
Seems like the whole thing is falling apart, now there's no activity in the activity tab! So even if you're lucky enough to get connected, and manage to place a trade, you won't know what price you got filled at unless you load up the history web page!
lol, this really is getting just too funny now
~
***************
A broker bought a horse from a local farmer in Toronto for $100. The farmer agreed to deliver the horse the next day.
The next day the farmer drove up and said, "Sorry, but I have some bad news. The horse died."
"Well then just give me the money back," said the broker
"Can't do that. I went and spent it already." replied the farmer
"OK then, just unload the horse," said the broker
"What ya going to do with him?" asked the farmer
"I'm going to raffle him off," said the broker.
"You can't raffle off a dead horse!!" the farmer protested
"Sure I can, I just won't say that he's dead," said the broker.
A month later the farmer met up with the broker and asked, "What happened with that dead horse?"
"I raffled him off like I said I would. I sold 500 hunderd tickets at two dollars apiece and made a profit of $898," said the broker.
"Didn't anyone complain?" inquired the farmer
"Only the guy who won, so I gave him his two dollars back,â said the broker.
***************
I think the brokers name was Oanda, they seem good at selling dead horses
For the Oanda traders here, is there a problem with the order entry system? I am trying to enter limit order(s) and I keep getting it rejected due to "invalid duraton" and it doesn't matter if it is 4 hr or 1 hour or all day. What gives? Is this a way to not honor the price of a trade? everything has to be market orders which would allow for huge slippage?
OANDA
GAME OVER
GAME OVER
You know, when You have a strategy or something, You may wait a whole month for a day like yesterday, when everything is clear - the trend is down for sure without any stopping, the economical data is after that....
But there You go! When You are to make biggest profits with Your system, the platform just is not there for You to play!
Exactly - when You finally wan't to ride that horse, You find it dead!
Our thread is already at fourth place in google, when searching for "oanda scam"....
GAME OVER
But there You go! When You are to make biggest profits with Your system, the platform just is not there for You to play!
Exactly - when You finally wan't to ride that horse, You find it dead!
Our thread is already at fourth place in google, when searching for "oanda scam"....
GAME OVER
Maybe Oanda thought it was just too easy for traders to win yesterday, long or short it wouldn't have made much difference, it was more or less free money
Some people need to trade with Oanda for various reasons, but that's beside the point and not relevant. This thread isn't about opening or closing an account, it's about the way Oanda operate.
Some of the things being said about Oanda and the examples being posted can often upset sensitive Oanda groupies but there's no getting away from the facts I'm afraid.
It's interesting to see on their forums that even some of their most ardent followers have had enough!
This sucks. 7am Tuesday and I still can't place limit orders. WTF!
Also notice the server time stamp on the bottom of the ticket!
Also notice the server time stamp on the bottom of the ticket!