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Oanda You Suck!!!
I am closing down my accounts with Oanda RIGHT NOW THIS SECOND!!! Check this out:
 I took a fib of that big Friday bearish outside bar and put in a sell order at the 50% line which was at 121.60, just where you can see resistance too. The brokers feeds I watched during the day all showed price go right to it so I was thinking "gee I hope I got stopped in on that one, maybe I missed it by one pip..." --- So tonight I look and Oanda shows me as STOPPED OUT, my stop was 53 pips above 121.60 at 122.13...Lets have a look at FX Street just to make sure I'm not tripping out:  Yep looks kinda just like what I expected. Now have a look at Oandas chart: They show a high of almost 122.20, that is 60 PIPS OFF. They do this wierd-ass thing where they stop recording price before the New York close on Fridays, open at the real price early Monday, then after an hour they gap back to where it closed on Friday. I tried to explain this obvious discrepancy to the tool on the Oanda help desk, and they insisted on fobbing me off about market conditions in the early Asian session. (Hey, maybe there's money to be made off this idiot system, but I'm not gonna stick around to find out - anyhow for you that wanna try it, heres what you do: simply look at where price was when Oanda stopped tracking it on Friday, then wait for price to gap back their on the Asian open, and sell/buy back to the REAL PRICE! - its like you know the future one hour before OANDA gets there).This is the last straw - Interbank FX HERE I COME! |
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