FxSpyder

Thanks to Billye's advanced web searching skills (thanks man), I became aware of FxSpyder (link attached). It appears that they offer API survices for Oanda and FXCM. I'd greatly appreciate any feedback from someone using it.

http://www.fxspyder.com/


Having an API for Oanda without paying Oanda 600$ monthly for it, even with half a spread commision is still great as I see it - 1.4 regular spread and no need to switch brokers for someone with mt4. But there's nothing on their site about regulation, so basicly - how can I trust them with my account data ?

Also, a small possibly dumb question, but sometimes these can save time looking for it yourself , do mt4 brokers gain access to your EAs once you start using them or do they just remain on your PC and only orders are transmitted to the broker ? Same question about this FXSpyder.

Thanx

oh, Jurrasic
I didn't know I suggested that to you? I just mention in another api thread.

I think oanda officially or unofficially recognize use of fxspyder api by a low profile (coz don't want to compete with his own api service???)

Steve Brown on oanda forum wrote some mt4 EA scripts that could run on oanda via fxspyder... you may consult him for more 1st hand info... he also implemented trailing stop seems.

"Steve Brown posted January 29, 2009 03:17 AMJanuary 29, 2009 03:17 AM
My contribution to this thread is a translation of an MT4 Expert Advisor to an FxSpyder robot"

http://www2.oanda.com/cgi-bin/msgboa...6;t=011156;p=1

I wanted to have a try but haven't, (fxspyder with fxgame is free)

I need my trading softwares to work with http proxy so I did not have a chance yet to try it... it would be fun I guess.

for the auto trading execution question, I have no answer - no exp...

It is true. Micheal Stumm from Oanda commented on the Oanda forum about 2 years ago that it is safe to use FxSpyder for access to Oanda. They do not require your password, just your username to activate your account. The scripting language for autotrading is JavaScript, and all scripts are stored on your computer, not the brokers. So, only orders are transmitted to the Oanda. Another feature is the "soft order", which hides all pending exit and entry orders from the broker until activated. The nice thing with FxSpyder is that there are ready made functions and methods for you to use, you don't need to write everything from scratch.

Hi everybody. Just signed up at Forexfactory.
Seems to be a nice Board, so looking forward
for interesting talk and discussions..

I have Fxspyder with a Oanda Demo account for a week now,
and testing their Pattern Recognizer at the moment.

I dont like EAs, trade only with TAs and supp. res. lines
but the robot performance till now, make me think to change
my strategy a little.

After 3 days running the robot im still in +.
All the entrys were made by the software and i exited 1/3 of them manually.

So the combined strategy entrys by Ea and exits by Ea and manually seems to work nice for me.