Thread: Whats Up With Oandas Spreads?

I have been using Oanda now just over two months, and have had no probs other than the server being down a couple times (One of those being a couple of hours back ).
I also understand how their spreads differ at different times of day and on weekends. Perhaps its just me, but it appears the last 3 or 4 Thursdays, their spreads are near weekend rates...
The liquidity in the market appears to be normal if not a tiny bit higher. They state the real reason their spreads change is because of low liquidity or news release.
So why are they so large NOW?
GBP/JPY-15
GBP/USD-10
NZD/USD-20

Simply to name a couple...

Originally Posted by ;

The liquidity in the market appears to be normal if not a tiny bit higher.

Really? Do you know market liquidity? I would say it's as low as it gets in a 24 hour period, no major financial center is open. Check this out: http://fxtrade.oanda.com/resources/fxmarkethours/

And Tokyo just opens in ~90 minutes. .

I blame it to volitility. GBPJPY made 200 pip moves in the 5min. I am just glad they did jack the spread to 50 pips. Would of been nice if I could have obtained Oanda when I wished to trade...

Stefant,

I also identify liquidty Together with volume. And by my charts It's not that different than yesterday afternoon. But their spreads are much different.

Sorry, should have clarified more extensively.

Originally Posted by ;

I also identify liquidty using quantity.

Where do you see quantity in FX?

If you just happen to use metatrader charts, consider 1 hr candle (for instance ), hold your cursor over candle, it ought to tell you open, low, high, and in the very bottom volume...


Hope this helps.

Man, I know MQL and MT for a pretty long time, believe me. There's no such thing as quantity in forex. Or at least it's not exactly the same thing as quantity in stocks.

There's no central market in forex so that you can't really know the quantity. What that quantity indior in MT simply does would be to count the amount of ticks in that candle. That is all. Pretty useless if you ask me.

And let us say you *could* see the quantity traded at your broker in MT. It can be significantly different from the quantity exchanged at Oanda. But there's no volume indior in forex. There's no central exchange. There are just players that get their orders paired in platforms like Reuters or Currenex.

I understand it's been a very volatile day, but it seems every 5 min or so that the spreads are changing...


This is CRAZY!!

Hey all,

Did any LOSE any position limit orders now with Oanda???

I had one placed at 112.50 to buy 50k usd/jpy using a TP goal of 114.00, it had been set to expire Sept 1st....This is August 16th. It was a ONE Month GTC.

I checked this morning. . .US EDT at 0500am it had been there, it's now 2156pm...I am starting my day to check over my charts, and observed that the low of this usd/jpy....Yet NO fill, along with the box where limits are displayed on the charts has been gone. I must have been filled to period frame that was 1300p in the 1230p. . .give or take a few minutes.

That is a LIVE Account...

Thx

FXJarhead: They disabled the account-history, therefore no trades show up on the chart in any respect. If you had boundaries it is likley that a had a boundary violation, gbp/jpy did jump for 10-20 pips at a time recently. When it was really an error, and you should have been implemented, I might contact CS, they generally correct this (I'd both profitable trades and losses undone previously on spikes and such).