I have done around 6-10 box options on Oanda.Originally Posted by ;
What Shan outlined is exactly what I experienced. I was not happy with the risk/reward ratio to the box options; I discovered it was better simply to exchange the darned reversal. I'm looking at options on FX stocks today and they seem to be preferable to box options at Oanda.
I had been using them on 1D charts, working on reversals/pin bars . I didn't have any difficulties with abrupt price spikes carrying the box out, or any other stop hunting issue on this time frame. But I did believe that the risk/reward ratio was not appropriate. I attempted either touch the box and don't touch the box options and for me they were equally unsatisfactory.
I had been playing them for reversals and a continuation of a movement. They may have value for picking up money in a range-bound market but I am not certain as I never attempted this.
Cheers,
Linc.