Thread: 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...............

Originally Posted by ixbone

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.

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

So Thankyou VFX...

test test test