Scared here Im in a short and EURUSD has gone against me. Will Oanda honor my stop loss if market is closed?
ex nihilo
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DislikedAgain, Oanda is having troubles during times I need to trade. Kicked out and can't log back in.Ignored
DislikedIīm planning on long term trading strategy, where a trade could last a couple of months. Bummer the OANDA rollover on some exotics goes up to 20 pips....thatīs an expensive spread.. Eurusd up to 8 pips. Meaning: on days where you tighten your stop according to your trading plan, you will get kicked out..Ignored
Disliked{quote} Cuchuflito, How does Rollover affect stoploss? i always thought rollover is deducted from the account balance/equity. Could you please shed some insight on this... ThanksIgnored
Disliked{quote} Maybe rollover is not the correct word. I mean the massive spread increase that happens at the end of every day, around 11 or 12 PM (depending on the winter /summer time) in Europe.It spikes and slowly comes back to normal, (though it remains quite high during the Asian session close to double the european session) Itīs the time when the new Dayly bar gets created. So if you have say a 10 pip stop , the spike might easily wipe you out, allthough the bar chart never touched the level. Put it differently, say you have a stop, on top of the...Ignored
DislikedGuys, I know this may be a little dumb, but what is the least amount thet Oanda accepts as deposits? and they really have a live chart? ThanksIgnored
DislikedFor oanada, I know one currency incurred Interest for buy and sell. Eurjpy has interest being Charged for both direction. Anyone ask them before or No one trade that currencyIgnored
Disliked{quote} Maybe rollover is not the correct word. I mean the massive spread increase that happens at the end of every day, around 11 or 12 PM (depending on the winter /summer time) in Europe.It spikes and slowly comes back to normal, (though it remains quite high during the Asian session close to double the european session) Itīs the time when the new Dayly bar gets created. So if you have say a 10 pip stop , the spike might easily wipe you out, allthough the bar chart never touched the level. Put it differently, say you have a stop, on top of the...Ignored
Disliked{quote} Hey There, If you plan on hold positions for a long period of time, you need to take into account wide spreads for low liquidity time and weekends. If you tighten your stops so much, you may need to adjust your money management rules. You seem to be missing a theme here. At Oanda, spreads are dynamic, not fixed. Spreads change all the time. If your trading plan or money management scheme needs fixed spreads, you need a different broker. Or you can adjust your style to compensate for dynamic spreads, low liquidity and weekends. Oanda is very...Ignored
Disliked{quote} Thatīs pretty much what I said, including transparency, (allthough they donīt tell new clients right away,that they will spike spreads up to 20 pips every night)..you need to dig a bit ddeper to find out these facts... Canīt help it brother, but you really sound like an OANDA agent...no problem with that either...I donīt hate OANDA at all, just need to understand the rules of the game here...Ignored