Thread: Oanda Stop Hunting?

Originally Posted by ;

2 pips=.01 pennies,

This is even more humorous. I think we have a new clown of the month . lol

Being a market maker, Oanda trades . Is there any reason to doubt that the quit searching? . It is what market makers do.

Alternatively you may place your stops at intelligent places ie. . Not a random 20 pips so from the market.

I am not posting to whine about quit hunting because I know better than to leverage my rankings, but I do have complaints in their current spreads and rollover activities. I've submitted their unscrupulous activities here:

https://forexintuitive.com/cryptocur...programer.html

Look for post# 2354

Originally Posted by ;

Hey people,

Well, I've a Oanda account, and Im only trading 45 lots a slap, small time. . 2 pips=.01 pennies,

Anyways, im here, Why? Because I believe I was stop. I googled stop hunting, and rush, here I am. .

I scalp, 5-10 pips a commerce, and fix my TP and Sl by clickin the lines and then modify them, ( which I love ). . I am able to get more pips if it runs, and SL to lock in profits.

FYI I scalp happily and profitably EUR/USD with Oanda.
That I have a tricky set automatic SL of 4 pips, and go for 5-10 pips profit or much more.
My SL practically never gets struck.
Therefore my guess is, that you still have not learned to watch waves.
That's all. Typical newbie mistake.
If you learn to blame yourself instead of your broker, you will have a chance to improve.
But not before.

Just my humble view.

Originally Posted by ;

FYI I scalp happily and profitably EUR/USD with Oanda.
I have a tricky set automatic SL of 4 pips, and proceed for 5-10 pips profit or more.
My SL practically never gets hit.
So my guess is, that you have not heard to observe waves.
That is all. Typical newbie error.
Should you learn to blame yourself instead of your broker, you'll have a chance to improve.
But not before.

Just my humble view.

You might be right,

Im taking a very hard look at whats going on with my abilities this weekend. .

Its just, Im noticing things. And this whole afternnon, I have heard alot about the' Forex Gears' and what is really happening.

Im going to be honest. When I started 10 months ago, reading charts and candles was my assignment, then everything else would fall in to place.

Afterward, I started making EA's. EA's that hit 200 transactions with one shut out in the end. I have made probably 50 differant ones, and to be honest, 60% worked really very well. .

So, I ended a really very good EA. And was really proud of it.

For 3 weeks straight, I demo tested, started with $500 demo account, and turned it into $300,000. .

Each 100 pips, that I increases my lot dimensions, compounded my profits, I was feeling great about it.

I threw in $50 ( real ) into Oanda, and Bang, Lost half of it in a day. .


Afterward, I couldnt exchange MT4 anymore because the account balance was to less for 0.01-- so I went into the main platform.

Thats where I'm today. Sitting with, ready for this??? :? .49 cents

Currently, here is my issue. . I know, I know, they arent watching my little transactions, no kidden. BUT, something isnt right.

Now, for instance, I set it in 17 pipSL. . Already rather annoyed, because I have stopped out just like 30 times now, so I set it far, just for the crap of it. . Low and behold, taken like a rocket, 1 pip ago my SL, shut out, and dropped right down, like I wrote above.

So, today, I set it to 30 SL, because I dont see that getting spiked as often, the wait for the price to proceed beyond the trade arrow, then move SL 2 pips past arrow, for lock profits. Well, that didnt work to well either, cause I'd have that smacked as soon as I dropped it on the chart, such as magic. .

I know, I sound like a whinny little punk, but come on, I know am not the only one getting this. .

I enjoy trading, I enjoy the rush, the anticipation, the profits;/, the action, I like scalping. . I could switch over to just 2-3 transactions daily, but then, I would not have anything to do daily,lol, might be the better option.

I just know there is money to be made, and I have done alot of prep, but I suppose insufficient Broker Homework. .

O, and because I have some Oanda traders here, how about that nice little spike today. Well, I jumped on it, by the very top, Hit Enter, LAG OUT THE WAZO, Took 4 seconds to register commerce, by that time, it was already, what, 45 pips down, or something like that, I wanted to throw something after that.

Mind you, Not 1 commerce, the whole day, took more then less then 5th of another to input, but not with this one? It looked like a cease hunt, and likely took out allllllllllllllllllllllllllllllllot of individuals stops, and nothing you couldnt of done with that. . I couldnt even jump the return, it was that laggy.

Man, I was on it too, like I knew what I was doing,lol. .

Silver lining to this narrative,?

I tryed to make a deposit the other daythe same manner I did the first one, and was diminished, but they held my cash, that I wont get back until the 9th of Aug..

I will have a ECN broker by Sunday night for sure. Im done with Oanda. .


O, and for heaven sake, Dont be in a trade when the Spread spike 10, but then again, you never know when its going to happen, THAT ste me. .



Pescador, keep up the fantastic work man, great profits to you. .

Im just very tired and stressed out, because I feel I must blame myself, and I figure, have been, but Im starting to think, its not my fault. .

Because actually, I have pretty dang good scalping abilities, I understand what Im looking for, and that I jump the train once the time is perfect.

Time is the main variable, as to why I needed to truly utilize a EA. Not Clock time, however, the quantity of time from input to exit. Alot of my transactions are 2-5 seconds long, and If im from the exchange for 10 seconds, I made a poor call. . I requires at least 2-3 seconds to hit enter, and start the ticket to shut as fast as possible. Sometimes, its to long. .

When I set my TP into 3-4 pips on the ticket, it appears it just dont ever go my way, its funny how that works, so I try to fool the system, but it just takes to much time, because like I said, I NEED to be in and out. . Thats where the SURE pips are.

Demo to live is no joke, and it shouldnt be like that. Go from scalping 200 pips a day, to losing, is just mind bending. .

I dont know, Im just looking for excuses, because Im a poor trader,



Seriously, I like that I stated, I need to do, do diligence on my abilities possibly.

But now, Im like on information overload bro, and need a rest, but cant take one, because I didnt finish the day off with 100 pips profit, that can be soooooooooo simple, but for some reason, Oanda appears to be fudgin ME up. .

Its allllllllllllllllllll a match, and I must figure out the mechanics of the whole thing, and its way more then charts and bar motion, there is more deeper into this beast, and Im a huntin for this. .

Have a fantastic weekend, Im burning the midnight Oil tonight, and tomorrow night, and comin out Monday,

Cheers,

O, and also to the dude thinking 2 pips into the cent is a joke, actually? It isnt about money, its about Pips, I dont have $1000 to throw off to learn a skill. That would be similar to driving a Lambo on the same day you get your permit, just dont make cents.

Im learning to generate a Pip, not a Dollar, I just figured looking at it like that will help the head when my transactions are $1000 a pop, and again, I sure the hell wont be trying that on Oanda. .

OK, Im done. .

Originally Posted by ;

You may be correct,

Im taking a quite difficult look at whats happening with my abilities this weekend. .

Its just, Im discovering things. And this entire afternnon, I've learned alot about the' Forex Gears' and what's really occurring.

Im going to be fair. As soon as I began 10 weeks ago, reading charts and candles was my mission, then everything else would fall into place.

Then, I started making EA's. EA's that hit 200 trades with one shut out at the end. I've made probably 50 differant ones, and to tell the truth, 60% worked really very well. .

So,...

All I will say is... if you don't want to become wet, then don't stand in the rain.

And another thing... Eliminate Oanda, I have them as one of my brokers and they have been real bad lately.

Originally Posted by ;

when I set my TP into 3-4 pips on the ticket, it seems it just dont ever go my way, its funny how that works, therefore I attempt to fool the system, but it just takes to much time, because like I said, I NEED to be in and out. . Thats where the SURE pips are.

Sorry to hear this partner, but I have to say it IS your fault.
The very same day, this FridayI traded EU with Oanda the same old egy of mine, 4 pips hard set SL that I never go, and made 15% gain in my account.

Learning to scalp takes some time.
For me it took 3 years to become consistantly profitable.

I use just two brokers: Oanda for both EU and Interactive Brokers for everything else.
I loe both excellent.

My friendly proposal to you: observe the various kinds of waves, their typical wavelengths and amplitude. Identify those points inside the waves in which the probability is low to carry out of your 4 pips SL. These points do exist, and happen about 2-3 period an hour.
Trade only these high likelihood situations and nothing else.
High frequency for tiny profits will kill you fast.
Know low frequency with a fantastic risk/reward ratio.

Originally Posted by ;

Sorry to hear this partner, but I have to say it IS your fault.
The very same afternoon, this Friday, I exchanged EU using Oanda the same old egy of mine, 4 pips hard set SL I never proceed, and created 15% profit on my account.

Learning How to scalp requires some time.
For me it took 3 years to become consistantly profitable.

I use just two brokers: Oanda for both EU and Interactive Brokers for everything else.
I find both excellent.

My friendly suggestion for you: observe the numerous types of waves, their typical wavelengths and amplitude. Identify those points inside the...

Hey Bud, thanks for your time and input on this. .

I can do just as you say, thanks. .

Spread high when news come
Euro/Usd 10 pip spread
GBP/USD 30 pip spread

Server Mt4 always lagging in Large news

It honestly would not surprise me...I can not document it, but I could recall one or two spikes where my ceases got hit out of the blue. Outside of those events, imo, oanda is a pretty reputable broker. I am not going to hold anything against them unless it begins occurring frequently.