How frustrating the Oanda demo is. This is the message I get when I see something really good and try to put in an order. Then I redo my trade over and over again, hoping to get in, until finally the oppurtunity is passed. After awhile I figured out to use upper and lower bounds, but if your only grabbing a few pips to begin with…
I am trying to place an order on a candle that isn’t closed yet. This last opportunity I lost on 12 pips because I couldn’t get my order in. Good thing it’s a demo.
I was also a little confused about the upper and lower bounds at first.
They are not used to place the actual order, they are used to protect you form price slippage when your order level is hit. Your ‘order level’ is the quote price.
If you want to straddle the price, then you need two seperate orders, one buy and one sell.
Hope that helps.
cheers
Brendon
Sounds to me like you’ve got your order entry wrong. I assure you, if you put the order in correctly you won’t get the error. If you’re continuing to have the problem, post a snapshot of your order entry ticket window.
looks to me like you have no idea what you are doing, i’d try making money at something else.
If I was a pro like you, I wouldn’t be posting stupid questions in Newbie Island. So yes, your partly right. I have less then a firm grasp on what I’m doing with every aspect of the trading software I’m currently demoing.
It’s because your Ma named you Abner, isn’t it? Hence you have a grudge against the world? lol…
You can’t mess up the order entry with Oanda. you click, choose buy, the price is there for you, choose number of units, add your s/l and t/p if you choose and click submit. I guess if your fast enough and the price hasn’t changed while you completing the order, it goes through.
Just ignore Abner, he’s a grumpy
I think I misunderstood your question - I thought you were referring to limit orders not market orders.
Do you have upper/lower bounds enabled by default? If so and they are very tight then your order would often be “out of bounds” by the time you hit the submit button.
I don’t use them, I get my order ready and then hit submit when price is in a place that suits me.
“Enable bounds be default” is a user preference you can turn off.
cheers
Brendon
come on people get a sense of humor here, tip #1, never take me serious
Then Try using one of those smilies…they help take the guesswork out of an assumed “tone” 