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Oanda goes Metatrader

  • #61
  • Jan 18, 2011 1:16am Jan 18, 2011 1:16am
where can I sign up for a MT4 demo account with Oanda ?
  • #62
  • Edited 2:01am Jan 18, 2011 1:21am | Edited 2:01am
Quoting Cocoflanel
where can I sign up for a MT4 demo account with Oanda ?
http://fxtrade.oanda.com/community/f...;f=17;t=005687
  • #63
  • Jan 18, 2011 1:31am Jan 18, 2011 1:31am

To use MetaTrader 4 at OANDA, you need:

An OANDA fxTrade forex account or demo account.

OANDA MetaTrader 4 software installed on a Windows computer.

The following steps will show you how to get started. Either trade for real with an fxTrade account, or try a demo with an fxTrade Practice account.

SET UP OANDA METATRADER 4 (PRACTICE ACCOUNT)

1. Register for OANDA fxTrade Practice, if you haven't already.

2. After you've registered, create an fxTrade Practice account enabled for MT4. (Specify your account details, then check the "Enable this account for MetaTrader 4" box under Advanced Options.)

3. Download the OANDA MetaTrader 4 software. (This software is the same for both fxTrade and fxTrade Practice; you only need to download it once.)

4. The downloaded exe file will install on any Windows system. Double-click the file from a Windows machine to install the software.

5. Use the account number and password of your MT4- enabled account to sign in to the MetaTrader 4 software. (Be sure to select "OANDA MT4 - Practice" from the list of servers that appears.)



Thank you.
  • #64
  • Jan 18, 2011 1:53am Jan 18, 2011 1:53am
Hey guys,

I know that Oanda deals with automated trading at a more serious level compared to other retail brokers. They have a $600 fee to connect to their API with custom written autotrading programs. I'm curious to know what the differences are between coding a strategy in MT4 compared to a custom program. I'd assume that a custom program would be much more versatile in dealing with precisely analyzing tick data and for more out of the box strategies, but I'm wondering if Oanda will lose some of their API clientele because of this.
  • #65
  • Jan 18, 2011 2:54am Jan 18, 2011 2:54am
Quoting Scotty B
Hey guys,
I'm wondering if Oanda will lose some of their API clientele because of this.
I think its unlikely. You only need to do around 60 standard lots in volume over a month to get the api for free, so most users wont be paying anyway.
  • #66
  • Jan 18, 2011 7:14am Jan 18, 2011 7:14am
I downloaded their metatrader demo. How come they don't have 0.1 lot (1 pip=1 $)? That's really bad.
They only have 1 pip= 1, 2, 3, 4, 5 cents, and then jump to 1 pip=10 $ and above.
  • #67
  • Jan 18, 2011 8:52am Jan 18, 2011 8:52am
Quoting fx111
I downloaded their metatrader demo. How come they don't have 0.1 lot (1 pip=1 $)? That's really bad.
They only have 1 pip= 1, 2, 3, 4, 5 cents, and then jump to 1 pip=10 $ and above.

I think it's because of MT4 being not capable for this option. Blame Metaquotes
  • #68
  • Jan 18, 2011 8:58am Jan 18, 2011 8:58am
Do you have a link to download metatrader, I am not finding it



Quoting fx111
I downloaded their metatrader demo. How come they don't have 0.1 lot (1 pip=1 $)? That's really bad.
They only have 1 pip= 1, 2, 3, 4, 5 cents, and then jump to 1 pip=10 $ and above.
  • #69
  • Jan 18, 2011 9:01am Jan 18, 2011 9:01am
Quoting toddanderson
Do you have a link to download metatrader, I am not finding it
PoundTrader gave a link in a post above, just click on 'download'.
  • #70
  • Jan 18, 2011 9:03am Jan 18, 2011 9:03am
Quoting A_3
I think it's because of MT4 being not capable for this option. Blame Metaquotes
It is capable, i have FxPro metatrader and they have 0.1 lot (1 pip=1$).
  • #71
  • Jan 18, 2011 10:14am Jan 18, 2011 10:14am
Quoting fx111
I downloaded their metatrader demo. How come they don't have 0.1 lot (1 pip=1 $)? That's really bad.
They only have 1 pip= 1, 2, 3, 4, 5 cents, and then jump to 1 pip=10 $ and above.
In the volume box, just type in .1 or .10
  • #72
  • Jan 18, 2011 10:40am Jan 18, 2011 10:40am
Quoting billflet
In the volume box, just type in .1 or .10
It works, thanx.
  • #73
  • Jan 18, 2011 10:51am Jan 18, 2011 10:51am
Quoting fx111
It is capable, i have FxPro metatrader and they have 0.1 lot (1 pip=1$).
Sorry, I misunderstood. I thought you were referring to trading with 1 unit.
Yes, 0.1 lot is possible.
  • #74
  • Jan 18, 2011 3:35pm Jan 18, 2011 3:35pm
Hi guys, I just wondered if some of you out there think this affects Oanda's credibility? There are people on this forum who maintain that anyone with MT4 is doing something dodgy or manipulating things (I don't agree) but also a lot of people say good things about Oanda.

I would be interested to know if the people who like Oanda don't like the fact that they now have metatrader.
  • #75
  • Jan 18, 2011 5:35pm Jan 18, 2011 5:35pm
Quoting Steph
Hi guys, I just wondered if some of you out there think this affects Oanda's credibility? There are people on this forum who maintain that anyone with MT4 is doing something dodgy or manipulating things (I don't agree) but also a lot of people say good things about Oanda.

I would be interested to know if the people who like Oanda don't like the fact that they now have metatrader.
http://forexmagnates.com/oanda-attai...s-metatrader-4
Read the quoted paragraphs above the second picture

In addition to that you are not forced at all to use Oanda MT4. You can still use Oanda API or Fxtrade platform. MT4 is an additional option.
  • #76
  • Jan 19, 2011 3:35am Jan 19, 2011 3:35am
Are there any news when it's gonna be released for live accounts?
  • #77
  • Jan 19, 2011 5:02am Jan 19, 2011 5:02am
Quoting fx111
Are there any news when it's gonna be released for live accounts?
There is a rumor that it will be available after 2-3 weeks ...
  • #78
  • Jan 19, 2011 6:25am Jan 19, 2011 6:25am
i think for scalping fxtrade is faster and smoother than MT4
  • #79
  • Jan 19, 2011 7:03am Jan 19, 2011 7:03am
Quoting fx111
Are there any news when it's gonna be released for live accounts?
Usually with new features they release them a few weeks after they introduced it in the game accounts. I think they will test it very carefully and like to get rid of all bugs first, so 1-2 months seem to be more realistic.
  • #80
  • Jan 19, 2011 9:48am Jan 19, 2011 9:48am
Xaron,




Assume I open a live account with MT4 , will I be able to switch to Fxtrade later on if I don't like MT4 ?
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