The real reason for the extreme tough trading in the FX?
- Thread starter livermoreorless
- Start date
Not yet, but what a step backwards.
hope you can find a suitable one soon.
regards
this from someone who has bashed pretty much everyone who dared to challenge Oanda in numerous threads?
By the way, why did you not sell at 63 with CMC and lift Oanda's offer at 43+xx? According to your information there should have been 10pips in for you risk-free.
By the way, why did you not sell at 63 with CMC and lift Oanda's offer at 43+xx? According to your information there should have been 10pips in for you risk-free.
Quote from cabletrader:
Mid term swing trades, yes I'm considering that myself, it just seems a shame to abandon my little scalping strategy as I've become quite adept at it! That was a nice trade of yours though, I saw there was more profit in it for you even on Tuesday.
Oanda is certainly the devil I know but with this style they're no longer viable, CMC I traded right through FOMC without a blip. Spreads widened for a few seconds back and forth 10/15 even 20 pips but it was only momentary and reflected the underlying market.
You can see the quote freeze in this shot. I had a T/P at 51 on Oanda, price on CMC was 63/65, on IBFX 62 Bid......Oanda spread was 10 compared to 2 on CMC and they froze quotes at 43. I waited a few moments to see if they'd catch up but they didn't, price went down again so I ended up closing the trade manually at 40, 11 pips short of my TP.
It's not just across data though, I could understand if it was. That Cable trade I did at 10.17 on the blotter, price moved up to 17 but Oanda lagged, it took them 5 or 10 seconds to catch up in which time price may have gone back down and I'd be left in a trade I should have been out of with profit.
It's bollox basically, blatant manipulation and totally unprofessional, this is the kind of crap you'd expect from some dodgy Cyprus broker.
ha? If you trade on a system where quotes are not tradable why dont you actually become a clown and go to the circus, sounds like a much better venture to me. Good luck with your untradable, quoting trading system.
Ok, a bit cynical but seriously dont you feel like you make yourself to a clown hanging out with a bucket shop that takes you for a ride every now and then (now and then being defined as pretty much at every news event or when larger moves ocur).
Just wondering...
Ok, a bit cynical but seriously dont you feel like you make yourself to a clown hanging out with a bucket shop that takes you for a ride every now and then (now and then being defined as pretty much at every news event or when larger moves ocur).
Just wondering...
What is wrong with the math?
140 pips is at 1:1 leverage is about a 1% gain.
140 pips at 1:10 leverage is about a 10% gain.
140 pips at 1:100 leverage is about a 100% gain.
If you are making 420 pips (140 x 3) at 1:1 leverage that is about a 3% gain.
If you are making 420 pips (140 x 3) at 1:10 leverage that is about a 30% gain.
If you are making 420 pips (140 x 3) at 1:100 leverage that is about a 300% gain.
Am I missing something here?
Things have got progressively worse, this quote lag issue has only really become a major problem since a couple of weeks before 2-43(a). Some people probably don't even notice it if they trade off Oanda's charts and don't have an independant price feed to compare against.
Like I've already said in this post ".....I hoped to leave Oanda but it's proving more difficult than I thought, no-one wants to move.....", it's not a simple matter of closing my account and moving to another broker, if it was I would have done it already.
A solution in the short term would be to go back to trading higher time frames as opposed to scalping, but as I've already said it would be a shame because I've become quite adept at intraday scalping.
Do I feel like a clown for having chosen Oanda? Not really. With the exception of a few issues along the way Oanda have been a reasonable shop over the past 3 or 4 years, they had everything I needed.....until now!
It happens, brokers evolve and sometimes not always for the better. Good brokers turn bad, bad brokers clean up their act, you've just got to go where it suits you, none are perfect.
get consumed with one cross Eur/Usd or GBP/Usd etc. and become an expert...very simply
Finally, some one who gets it.
I have access to 700x leverage. I trade 1 standard lot of Eur/usd for only $200-300 margin.
My broker requires me to place stops to access this leverage. I can't tell you how many times I've seen MT4 feed nose diving and the ProRealTime rallying 10 ticks to hit my stop to the tick then nose dive.