metatrader with oanda

Question,
If someone wanted to use metatrader for forex trading a fully automated trading system but wanted to use oanda as the broker for the trades. The trading system would be fully automated on metatrader, the enter and exits of the trades and the position sizing for each trade, no hands on at all from me.

But the trades will have to be quickly placed with oanda and fully automated with oanda. There seems to be there would have to be a direct link to oanda from the metatrader to have a fully automated, no hands on trading between the two.

Steve

Yes, a bridge would need to be made. However, Oanda charges 600 per month for access to their API (which is needed for the bridge).

Thanx Much Magnum..........

I know this is an old thread, but I am tying to figure out how to do this. If it can be done, I am sure I can put on enough trades a month to make the api not cost anything. But I have no Idea how to do it.

What I would do is have the EA write to a file whenever a new trade or a modification to an existing trade is needed. You then write a windows application using Oanda's API and have it monitor for that file and any changes to it. When a change is detected, it then communicates with Oanda.

I have written (for a client) an EA that places orders on Oanda without using their API, however it does have drawbacks: you cant be sure your trade has been accepted if you use lower / upper bounds, you cant close trades programmatically, it is a bit cumbersome to set up.

if you can afford it, using their API is the way to go.

and if you can afford it id be very willing to code it for you

I know this thread is old but this problem is old as well...

How did you get it to place trades on Oanda?

Maybe the community can help work on this problem and allow more mt4>=<oanda functionality....

I Dont know the Oanda platform but if you can create EA or indicator code that can open and call DLL functions then have a look at this thread :

http://www.forexfactory.com/showthread.php?t=103881

I have to ask though ... Why not just open an account with a Broker that uses MT4?

I was boring with today's price action and this thought came to my mind...
using MT4 to execute an EA and use an external DLL to make the orders in Oanda. Without the API.

I think it has to be possible for simple EA's that make only one order at a time....

Ideas:
1. Configure oanda window in a position and save profile.
2. setting coordinates of buy and sell buttons relative to oanda window corner.
3. The DLL when receives an order has to: a) Focus in oanda window. Move the cursor to the buy or sell button, and trigger an click event... I know there are ways to control the mouse button with DLL's. But this requires that it has to be a dedicated computer for this. you can't be moving the mouse at the same time.
4. optional... confirmation of trade and open trades using some kind of OCR screen capture technique. Characters read from screen are 100% safe to OCR. it is not as scannings.

anyway... maybe it is crazy and it is better to pay the API

Hi All, I'm new to forex. Just today, I've traded the USD/JPY and set a take profit at 79.45 but it didn't activate and I had to manually close the trade myself at around 79.20 Is this common?

hello nenepok,
u'd get answers in the Oanda's thread