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Oanda goes Metatrader

  • #101
  • Jan 25, 2011 8:47am Jan 25, 2011 8:47am
Thanks you for the fast response.
My EA uses a trend following strategy. So that would mean all three of them?
I think I'll stick with Alpari UK for a while then.
  • #102
  • Jan 25, 2011 8:56am Jan 25, 2011 8:56am
Quoting Jolly Jumper
Thanks you for the fast response.
My EA uses a trend following strategy. So that would mean all three of them?
Well, all three of the brokers are reputable and it really doesn't matter 5 pipettes plus or minus, for you .
  • #103
  • Jan 26, 2011 9:49am Jan 26, 2011 9:49am
Oanda MT4 has Saturday & Sunday bars. cool
  • #104
  • Jan 26, 2011 4:49pm Jan 26, 2011 4:49pm
...... A series of questions need to be asked by anyone who's intrigued by this development. Namely:

  1. What does Oanda stand to gain from implementing MT4?

    1. More customers perhaps?

      1. Higher server workload?

        1. More outages.

    2. The ability to see all EAs running?

      1. Ability to copy successful strategies?
      2. Ability to kill successful strategies?

  2. What does the retail trader stand to gain?

    1. Less Java outage nightmares? (we'll see).
    2. Ability to run EAs? (see above).
    3. Negate the need for expensive API? (not if you want to be professional).
    4. Better charting.

The all from the one account solution sounds great, but I cannot help thinking this move is designed to lure more MT4 suckers in than give their clients a better service.

  • #105
  • Jan 26, 2011 7:29pm Jan 26, 2011 7:29pm
Quoting ukdaytrader
...... A series of questions need to be asked by anyone who's intrigued by this development. Namely:[list][*]What does Oanda stand to gain from implementing MT4?

  1. More customers perhaps?

    1. Higher server workload?

      1. More outages.

  2. The ability to see all EAs running?

    1. Ability to copy successful strategies?
    2. Ability to kill successful strategies?

[*]What does the retail trader stand to gain?[list][*]Less Java outage nightmares? (we'll see).[*]Ability to run EAs? (see...

i know exactly how you feel. We really have to wait and see on this one. I don't think oanda will be able to pull it off. Not without significant slippage/requotes/disconnects. If they cant do it with their basic manual trade Java software, I really want to see them do it with an automated platform. I dont want them to fail. In fact, it would be excellent for them to succeed at this mt4 adventure. Logically, based on their prior server performance, I am curious to see how they pull it off.
Measure trends automatically with zero lag
  • #106
  • Jan 26, 2011 7:32pm Jan 26, 2011 7:32pm
Quoting ukdaytrader
...... A series of questions need to be asked by anyone who's intrigued by this development. Namely:[list][*]What does Oanda stand to gain from implementing MT4?

  1. More customers perhaps?

    1. Higher server workload?

      1. More outages.

  2. The ability to see all EAs running?

    1. Ability to copy successful strategies?
    2. Ability to kill successful strategies?

[*]What does the retail trader stand to gain?[list][*]Less Java outage nightmares? (we'll see).[*]Ability to run...

One of the biggest complaints about Oanda has been the Java charting (and News trading for those that are into that sort of thing). They finally are listening to their customers and implementing MT4 (after years and years of people begging them to do it). That's what I think anyways. It doubt it will change anything...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #107
  • Jan 26, 2011 7:53pm Jan 26, 2011 7:53pm
Maybe there's a genuine demand for MT4?

Maybe the competition has gotten so stiff, especially as a result of the CFTC ruling, that Oanda has to make a move before it loses more clients?

Whatever the real reason, I think it has more to do with the bottom line rather than the desire to give clients a better service (to this day, they still have to fix the bugs in their Java platform!)
Amor Fati--F. Nietzsche
  • #108
  • Edited 7:39pm Jan 31, 2011 1:23pm | Edited 7:39pm
edit: later
How to opt out annoying user signatures ??
  • #109
  • Feb 1, 2011 9:36am Feb 1, 2011 9:36am
Quoting ukdaytrader
...... A series of questions need to be asked by anyone who's intrigued by this development. Namely:[list][*]What does Oanda stand to gain from implementing MT4?

  1. More customers perhaps?

    1. Higher server workload?

      1. More outages.

  2. The ability to see all EAs running?

    1. Ability to copy successful strategies?
    2. Ability to kill successful strategies?

[*]What does the retail trader stand to gain?[list][*]Less Java outage nightmares? (we'll see).[*]Ability to run...

ukdaytrader,

Here are a answers to your questions regarding what clients can expect to gain from OANDA MT4. What OANDA expects to gain and the challenges and how we are meeting them.

What does the retail trader stand to gain from OANDA MT4
- Tight Spreads on MT4
- OANDA execution through an MT4 platform
- Server side trailing stops as well as client side
- One account, two platforms
- mobile trading on iPhone, Android and BB (through fxTrade account)

What does OANDA gain from OANDA MT4?
- A more diverse client base. More automated traders with different trading strategies.

OANDA Challenges from OANDA MT4
- More clients = More hardware to handle the load. OANDA has invested on hardware to make sure more traders on the platform results in a better trading experience for all.
- EAs = Higher # of trades. The OANDA fxTrade system was designed from the ground up to be able to execute a far larger number of trades than the leading Forex banks.

In regards to customers trading strategies. OANDA does not have a dealing desk or use Virtual Dealer plugin for MT4 to benefit unfairly from clients.

Regards,

Alfonso Esparza
  • #110
  • Feb 1, 2011 10:04am Feb 1, 2011 10:04am
Hi,
and when exactly MT4 gonna be released for live accounts?
  • #111
  • Feb 1, 2011 10:11am Feb 1, 2011 10:11am
Quoting fx111
Hi,
and when exactly MT4 gonna be released for live accounts?
I hope we will be able to connect existing live accounts to MT4 !
Never whishing, always trading.
  • #112
  • Feb 1, 2011 10:20am Feb 1, 2011 10:20am
Quoting Hova
I hope we will be able to connect existing live accounts to MT4 !
No, we will have to open sub-account and transfer money there.
  • #113
  • Feb 1, 2011 10:22am Feb 1, 2011 10:22am
Quoting fx111
No, we will have to open sub-account and transfer money there.
Don't say no so quickly, i'm still hopeing
Never whishing, always trading.
  • #114
  • Feb 1, 2011 10:26am Feb 1, 2011 10:26am
btw. why it is not possible with Market Execution set Stop Loss right away, i think that would be much better.
  • #115
  • Feb 1, 2011 10:45am Feb 1, 2011 10:45am
Quoting fx111
btw. why it is not possible with Market Execution set Stop Loss right away, i think that would be much better.
Because MT4 doesn't allow it for market executions as far as I know. If it's done by any other broker they just do some wrapping around it.
  • #116
  • Feb 1, 2011 10:58am Feb 1, 2011 10:58am
It can be done on FxPro MT4, so probably Oanda could do it too.
  • #117
  • Feb 1, 2011 11:05am Feb 1, 2011 11:05am
Quoting fx111
It can be done on FxPro MT4, so probably Oanda could do it too.
Alpari uk too
Never whishing, always trading.
  • #118
  • Feb 1, 2011 11:10am Feb 1, 2011 11:10am
hey guys,
does oanda allow hedging?

cheers
  • #119
  • Feb 1, 2011 12:35pm Feb 1, 2011 12:35pm
Quoting Sgt.forex
hey guys,
does oanda allow hedging?

cheers
At a sub account yes, but thats not real hedging..
How to opt out annoying user signatures ??
  • #120
  • Feb 1, 2011 1:28pm Feb 1, 2011 1:28pm
Quoting fx111
Hi,
and when exactly MT4 gonna be released for live accounts?
Watch this space for an announcement.
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