Oanda. Price Feed Data

Hello All,

I am sure most traders here heard, demo or trade via Oanda.
The pips are tight and the price is right!

Now, as far as doing some backtesting.
...not the best thing in the world if you try to manual backtest with the Java platform. Because it only goes back a short amount of bars.

So,, I am here to see what you guys have to say or if anyone can share any experience with this issue.

What we have to work with: Oanda Data, you can buy the past data feed from them and do your backtesting.

Or, There is also an API that you can work with, don't have much experience with that, but I hope some of you have something to share.

Thank you,
Alex

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OANDA boasts the highest quality rate data in the foreign exchange industry. Our data is sampled from numerous Tier 1 banks, aggregated and filtered, resulting in a high grade tradable data stream. The data is available for licensing under the following price guidelines.

The following data is available:

Realtime - all quoted ticks
Sampled Data - representative bid/ask prices at sampled intervals
Candlestick Data - open, close, high and low bid/ask prices at sampled intervals.

Available intervals and ticks per month:

5 seconds (535,680 ticks per month)
30 seconds (89,280 ticks)
1 minute (44,640 ticks)
5 minutes (8,928 ticks)
15 minutes (2,976 ticks)
30 minutes (1,488 ticks)
1 hour (744 ticks)

-eMail from Oanda

All I know is that they provide an API but it is not free! Last time I checked was rather expensive (for me), 600 US Dollars the library alone then another 600 each month. But I would love too to hear somebody who used their API.

oanda is OK but like all brokers they hate winners.If you want to know when the best time to trade is, just look for those times when the oanda spread is the highest....

Oanda loves winners, the news time widening spread reflects what happens on the interbank market. You need to ask yourself what you prefer more, not widening spreads but impossible to trade at news time or manual requotes or impossible slippage giving you the worst entries, or widening spread and possible to trade news and make $$$.

The API is free if your monthly volume is over 12 million, or 6 million in roundtrips. Otherwise cost 600 per month. With api you can reach this limit with small account if you trade aggressively.

Why buy back data when you can log the data with the api while getting to develop your software. Think of it as getting your data as free bonus but in instalments.

I trade at Oanda and I've never missed a single news release trade. Sure the eur-usd spread widens from 1.5 to 3.5 or even 5, but does it matter when profit potential is 50-150 pips or even more? Penny wise pound foolish to complain.