Watch your broker

[Morpheus]

I got my preferences set for 15 pip t/p and a 10 pip stop loss but when I go to make a trade, Oanda puts my t/p as 10 pips and my stop loss at 15 pips.

[techno791]

Spread?

You buy on the ask, and sell on the bid. If you have a 5 pip spread, that would be that, but I thought oneida was supposed to be cheap so I'm not sure...

[Jonathan]

Originally Posted by Morpheus

I got my preferences set for 15 pip t/p and a 10 pip stop loss but when I go to make a trade, Oanda puts my t/p as 10 pips and my stop loss at 15 pips.

Maybe it's a simple bug in their software as they are always updating it. Or maybe, like me, you accidently switched your T/P and stop values. hehe

But yes, always watch your brokers, especially the forex brokers. It still isn't a regulated industry, right?

[T-Raid101]

Originally Posted by Jonathan

It still isn't a regulated industry, right?

Correct

[mister_doodi]

They are starting to crack down, little by little. NFA is trying to get rid of the little bucketshops and maybe they'll deal with the big boys later on.

[Morpheus]

I had it set like that in user preferences but when the trade went through they switched the t/p and stop loss. I switched it back though before any harm done.