Quote from short&naked:
Trust me, once you have developed your own strategy it is very hard to break it and go from long term to short term or vice versa (especially one that has been profitable in the past).
You're so right about that! When I think of the time (and money!) it took me to develop my trading style it's hard to change, and then perhaps to have to go through the whole learning and tweaking process again, I don't think I've got the energy to do all that again.
Quote from short&naked:
About Oanda, I thought they were simply a stop hunting outfit. Could you confirm that this is indeed just crap?
I'm not so sure about stop hunting but their live quotes have definitely got very strange lately. Rather than stop-hunting spikes their quotes are often too 'smoothed' now and even lag behind their own FXGame prices as well as other platforms. Not tradeable though, they fill at market price so no arb opportunities unfortunately.
It's interesting that they claim to be STP but it's not clear who their liquidity provider is, maybe it's a set-up like MBTrading and 3DForex?
I also see that Stop/Limit is still available on individual tickets so it's anyone's guess how they plan on handling the FIFO rule, one of their reps on the Oanda forums said nothing is going to change apparently.
As usual when it comes to retail forex brokers, everything's as clear as mud
