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Thread: VantageFX USDCHF SPIKE

  1. #1
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    Default VantageFX USDCHF SPIKE

    Did anyone get filled on this spike down earlier today , I got stopped out on a long position.

    On another forum a member got filled with Oanda and made a profit, only to have the
    trade busted by them later as a invalid priced fill !!!

    I guess this is why its so hard to make a buck in FX...............
    Attached Images Attached Images VantageFX USDCHF SPIKE-vantage-fx-joke-png 

  2. #2
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    Hi,

    a 120 pips spike/gap or something else, isnt really a suprise. especially current markets
    maybe one of the big boys must sell some usd fx spots
    IXBONE
    Business Internet Services | IX Trader Forex Software
    Registered Internet Service Provider (Ripe: AS 16195)

  3. #3
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    Quote Originally Posted by ixbone View Post
    Hi,

    a 120 pips spike/gap or something else, isnt really a suprise. especially current markets
    maybe one of the big boys must sell some usd fx spots
    Well Oanda thought it was bad data , see below .......


    From Oanda

    Our FXTrade system was provided with invalid pricing data (a situation known as a rate spike) for the following currency pair(s):

    - USD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
    - EUR/CHF, from September 20, 2011 5:02:13 PM EDT to September 20, 2011 5:06:08 PM EDT
    - NZD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
    - AUD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
    - CAD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
    - SGD/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:06:23 PM EDT
    - GBP/CHF, from September 20, 2011 5:02:00 PM EDT to September 20, 2011 5:05:17 PM EDT

    Explanation: Invalid pricing for CHF currencies from multiple banks

    When any trades take place during a rate spike, our system must reassess all trades that may be related to the spike (as well as certain standing orders and open trades). This reassessment requires that these trades and orders be closed, with new ticket numbers issued to reinstate the valid trades and orders.

    The invalid pricing data triggered the adjustments to your account ------ listed below. We tried to reinstate trades and orders to match your intentions, but please review the following details at your earliest convenience and check your account.

    If you have any questions or concerns, please go to http://fxtrade.oanda.com/support/tro...ort_form.shtml and fill out a bug report to the OANDA Customer Service department.

    Regards,
    The FXTrade Team
    OANDA Corp.

  4. #4
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    Default

    Good news , VantageFX has done the right thing and put my account back to where it would have been ..

    So Thankyou VFX...

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