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Oanda API & Third Party Tracking Sites

Member Since Jan 14, 2010  7 posts 2and2is4ex Mar 20 2011 at 07:12
It is my belief that you have to open a separate account for Oanda MT4. It appears there is no such thing as bridge of an FXTrade account to MT4. I also believe Oanda does not want their API for FXTrade to be tracked. I believe they think good traders will post results and bad traders will copy. This means less profit for them. They're allowing MT4 because minimum unit size with MT4 is 1,000. Since most traders are undercapitalized they feel this works to their advantage. That's what I think. Can't see any other logical reason why they wouldn't want to provide their customers with third party tracking ability.

It is what it is

Member Since Nov 18, 2009  735 posts speki Mar 20 2011 at 08:35
Are you sure they did it on purpose or is it that they don't have the capacity to come up with a history publishing solution?
Is it that hard in the twenty first century? We have space travel, we have brain surgery, we have DNA technology - look at these GloFish: https://en.wikipedia.org/wiki/GloFish

Try this: open an MT4 subaccount. Open a 0.01 lot trade in MT4. Close MT4 and open the old trading platform. You will have the 1000 unit trade there. Close 10 units - you'll have 990 units open. Now open MT4 and look what you have. It's fucked.

Oanda has good spreads and good execution, and they're not advertising with smiling ladies, they're not telling you that trading is all fun and games. But that's about it, they're not capable of adding even the simplest features to their platform - for example, many people have requested an alert function - play a sound when price crosses a level. You could have a line on the chart like SL, TP - just with a sound alert. Oh yeah, you can go around it, put in a 1 unit buy limit, and set a sound alert for the buy limit filled event ... but that's not the same thing.

It's not that they don't want, it's they just can't...

Surround yourself with people whose eyes light up when they see you and who have no agenda for your reform.

Member Since Jan 14, 2010  556 posts James_Bond Mar 21 2011 at 08:03
They were the last major broker to adopt the MetaTrader platform. I don't think they will be creating a an API for 3rd parties anytime soon.

Although their developments are quite good when they're ready, it takes them a while to develop something new.

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