ForexSpirit

Some technical issues on Oanda’s FXGame platform returned to thwart me today. This resulted in a couple of limit orders not executing which hampered my performance for the day.

In the end I was happy to settle for three positive trades.

Trade 1
Short GBP/USD
Entry: 1.5449
Exit: 1.5439
Pips: +10

Trade 2
Short EUR/USD
Entry: 1.2536
Exit: 1.2527
Pips: +9

Trade 3
Short EUR/USD
Entry: 1.2555
Exit: 1.2545
Pips: +10

Total daily pips: +29

The technical issues can clearly be seen in the above EUR/USD chart. I placed two sell limit orders at 8:20 EST, one at 1.2600 and the other at 1.2555. A third sell limit order was placed at 11:00 EST at 1.2525. All three of these sell limit orders are denoted by the red squares on the chart.

You can clearly see how price pierced the 1.2525 sell order during the 11:15 candle but no sell occurred. What is even stranger is that during the 11:20 candle the system cancelled my limit order at 1.2555 (shown by the purple square). The same problem happened with a sell limit order I had on GBP/USD: it was also somehow automatically cancelled.

At 12:10 the system seemed to right itself, as a sell trade was opened at 1.2536, which I assume occurred due to the sell limit order at 1.2525 that had not been triggered earlier finally firing off.

I’m sure these sort of problems do not occur on the live FXTrade platform but it can certainly be a hindrance in trying to do forward testing. If these sorts of problems persist I may need to consider doing my testing with a very, very, very small live account instead.