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MT4 at Oanda

  • #1
  • First Post: Sep 18, 2010 7:38pm Sep 18, 2010 7:38pm
I read at the Oanda forum that they're in the process of offering MT4 as well.

If this is true, I'm all for it. I know a number of Oanda traders use MT4 for chart analysis and I just don't understand why some would oppose Oanda's plan to have it as an option for people who are fans of MT4 (minus the VD plug-in, of course!).

With MT4 and Oanda's fast execution, I'll be a reasonably happy camper.
Amor Fati--F. Nietzsche
  • #2
  • Sep 18, 2010 10:59pm Sep 18, 2010 10:59pm
Quoting doji
I read at the Oanda forum that they're in the process of offering MT4 as well.

If this is true, I'm all for it. I know a number of Oanda traders use MT4 for chart analysis and I just don't understand why some would oppose Oanda's plan to have it as an option for people who are fans of MT4 (minus the VD plug-in, of course!).

With MT4 and Oanda's fast execution, I'll be a reasonably happy camper.
You have any links to where this is being discussed?
  • #3
  • Sep 19, 2010 5:20am Sep 19, 2010 5:20am
Was management talking about this or people asking for this ?
  • #4
  • Sep 19, 2010 6:35am Sep 19, 2010 6:35am
Here's the link:

http://fxtrade.oanda.com/community/f...ubb=forum;f=17
Amor Fati--F. Nietzsche
  • #5
  • Sep 19, 2010 8:09am Sep 19, 2010 8:09am
MT4 would not allow many of the features like for example closing a buy by sending a sell order or partially taking profits by placing smaller pending orders, etc. MT4 has the inherent design flaw that it always wants to open new positions instead.

They would at least need MT5 to be compatible with how the trading works at Oanda.
  • #6
  • Sep 21, 2010 5:03am Sep 21, 2010 5:03am
i dont think that oanda will realize mt 4
  • #7
  • Sep 21, 2010 5:05am Sep 21, 2010 5:05am
oanda is just successfull, cause they are making all procedures easy. if they change this principle, this would be the first way for complications.
  • #8
  • Sep 21, 2010 8:00am Sep 21, 2010 8:00am
Though Oanda has not confirmed or deny it, it would seem that they do plan on integrating MT4.

What's not to like if one could have a choice of either using the present Java-based platform (limited as it is in many respects) or MT4?
Amor Fati--F. Nietzsche
  • #9
  • Sep 21, 2010 2:02pm Sep 21, 2010 2:02pm
Mt4 is designed from the ground up to screw retail traders(virtual dealer plugin, all the deal desk settings etc...). I never understod why people eagerly want to trade via MT4. For charting, thats ok.
  • #10
  • Sep 21, 2010 2:12pm Sep 21, 2010 2:12pm
Quoting johto
Mt4 is designed from the ground up to screw retail traders(virtual dealer plugin, all the deal desk settings etc...). I never understod why people eagerly want to trade via MT4. For charting, thats ok.
Because of the free EA's on the Internet that will make you millions.
  • #11
  • Sep 22, 2010 10:41pm Sep 22, 2010 10:41pm
Quoting johto
Mt4 is designed from the ground up to screw retail traders(virtual dealer plugin, all the deal desk settings etc...). I never understod why people eagerly want to trade via MT4. For charting, thats ok.
Execution is the bad thing about MetaTrader, but I'm stuck with MetaTrader because of its programmability. I've written my own scripts and indicators and I can (and do) use them at many other brokers who offer MetaTrader.

Whereas with Oanda, they charge 600(?) USD per month for their API (though the alternative is going via FXSpyder, which you have to pay for in a different way), and I think Interactive Brokers also charges for their API if you don't trade enough; and you can only use your code at the broker you originally programmed it for.

FXCM's new Strategy Trader is trying to compete with the MetaTrader platform, but similarly, you can only use the Strategy code at FXCM.
  • #12
  • Sep 24, 2010 3:12am Sep 24, 2010 3:12am
but many people want MT4 on oanda. MT4 has so many functions that combination of low spread oanda and MT 4 would be very good.
  • #13
  • Sep 24, 2010 3:17am Sep 24, 2010 3:17am
I would love to use both MT4 + Java platform at the same time, running Indicators on MT4 and trading @ Java

Never whishing, always trading.
  • #14
  • Sep 25, 2010 7:56am Sep 25, 2010 7:56am
Quoting Hova
I would love to use both MT4 + Java platform at the same time, running Indicators on MT4 and trading @ Java

hehe Dennis, I'm testing the same thing. But I still cant find how to show the +/- in pips with an open trade??

Any help?
  • #15
  • Sep 25, 2010 8:55am Sep 25, 2010 8:55am
Quoting Buildcity
hehe Dennis, I'm testing the same thing. But I still cant find how to show the +/- in pips with an open trade??

Any help?

Sure my friend, have a look at the attached pic
Attached Image (click to enlarge)
Click to Enlarge Name: oanda.JPG Size: 99 KB
Never whishing, always trading.
  • #16
  • Sep 25, 2010 9:02am Sep 25, 2010 9:02am
Quoting Hova
Sure my friend, have a look at the attached pic
Lovely man

How easy it is, and how stupid I'm.

Tks mate.
Eric
  • #17
  • Sep 25, 2010 10:59am Sep 25, 2010 10:59am
Quoting Buildcity
hehe Dennis, I'm testing the same thing. But I still cant find how to show the +/- in pips with an open trade??

Any help?
You can't even operate in a simple trading platform like Oanda's and you want MT to trade with and trust it to automatically trade with your money.......

By the way the only ones clamoring for MT at Oanda are the losers that continually post on the most worthless forum around.

Oanda's forum is without a doubt the biggest waste of bandwidth I have ever had the displeasure of viewing......
  • #18
  • Sep 25, 2010 12:24pm Sep 25, 2010 12:24pm
Oanda has been able to offer the best prices in the market because they've design and build they're own trading platform. That will change if they adopt MT4. Mt4 has a very large overhead, paid directly to Metaquotes, so kiss your low spread and over low cost solutions goodbye.
  • #19
  • Sep 25, 2010 6:43pm Sep 25, 2010 6:43pm
Quoting Jhig
Oanda has been able to offer the best prices in the market
best prices in the market? wouldn't go that far.
  • #20
  • Sep 26, 2010 3:51am Sep 26, 2010 3:51am
Quoting Jhig
Oanda has been able to offer the best prices in the market because they've design and build they're own trading platform. That will change if they adopt MT4. Mt4 has a very large overhead, paid directly to Metaquotes, so kiss your low spread and over low cost solutions goodbye.

How about MBT? they have both platforms, and the same spread.

OANDA's API services need 600$ per Month !!!!
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