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So you're saying if you are following different systems at the same time and one system says to stay long for example while another changes more quickly and says to go short and then long again before the other changes to a long. I still don't understand why you would want to do condradicting strategies. It seems to me that when you are both short and long, the movement means nothing, and the only difference is that you are paying 2 spreads! I don't see how this could be a good thing for you do to in the big picture.
Hi Willis. Because different TF you'll aim different TP/SL. The reason to have 2 account for 1 time frame is because whenever the previous trade is a false signal, the next trade will definitely hit and cover. 6 accounts trading at the same time, if 3 gone to loss, 3 gone into profit, the equity curve will be darn smooth. Ofcourse, RSI50% cross over can never achieve more then 50% accuracy with 1:1 RRR. You dont need to understand me if you're not interested in hi-frequency trading. And its crazy if I trying to explain, because its just too complex for me to explain. I'm only a dumb ass that needed few more points to graduate my high school. I've attached a few article here about high frequency trading - Dr.Richard Olsen - Oanda chairman
Please do read them. These are the most anal material I've ever come close, therefore dont expect me can explain them in few words here. May be different people will have different understanding and making a automated trading system differently. But for me, building a robot with the characteristic of - drawdown comes with profit(*ofcourse higher profit compare drawdown) at the same time, limit the lot size and trading time, but doing it more frequently on a low spread/commision broker is the cutting edge trading technology. These are solely my personal point of view. Its all my opinion after influent by reading Olsen's article. I may be wrong... who knows.
I don't think I've checked that specific broker, but from what I saw of other ECNs, is that their spreads are not constant at all, but flucuating constantly, where at Oanda the spreads only widen breifly about a few times a day on most pairs of commonly traded pairs.
If these guys are different than that and have no commission than let me know! But I'm guessing these guys are no different than what I've seen else where with people like MB trading and Dukascopy.
The spreads on ECN brokers do vary, but 99% of the time they are lower than MM brokers, sometimes even 0. Even adding in commission, it's still cheaper. Basically if your with a not with an ECN, your getting screwed, and as somebody said before the IB API is free. In light of all this I'm not sure why anybody would want to automate with Oanda.
The spreads on ECN brokers do vary, but 99% of the time they are lower than MM brokers, sometimes even 0. Even adding in commission, it's still cheaper. Basically if your with a not with an ECN, your getting screwed, and as somebody said before the IB API is free. In light of all this I'm not sure why anybody would want to automate with Oanda.
I suppose there are specific situations where the flexibility in position sizing offered by Oanda is useful. Off the top of my head, perhaps trading very tightly spaced grids where trading even with micro lots might require a very sizable account, or perhaps cases where you require very tight control over hedged positions
For anyone who wants to play at automating Oanda without paying for the API check out the following product
i really dont see the advantage of oanda. also i am growingly mistrustful of them.
where is the 1 pip spread they boasted. i check now and its at 10 pip spread while northfinance is at 2, and mbtrading is around 0~1.
what is the sense in using a shitty looking java platform.
JJK, you were probably viewing their weekend spreads, and other brokers will show a normal spread during the weekend but not actually let you put a trade in. during normal market hours the eurusd is a 0.9 pip spread, with brief widening during big news breaks. You can view their spreads for every pair for the past 7 days on their site and see exactly what they are offering, unlike any other broker I know.
And I don't really care too much about the platform as long as the trading conditions are the best!
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