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Oanda FIFO fixer

ripperdave
Aug 16 2019 at 11:38
5 posts
Dear Colleagues,

You might notice the new FIFO policy at Oanda.
I made a Java API script to fix it.
It makes existing trades and orders unique size. It changes the size of the orders and decrease the size of existing trades by closing some units.

I used it on my real account.

Write me private message if you are interested.

Kind regards,
David
Wildbill
Aug 16 2019 at 20:33
38 posts
Did it fix numerous trades with the same unit amount. I could change the oldest but even the Oanda people I talked to couldn't figure out a fix. They finally said I need to change the profit and stop loss items.
Professional4X
Aug 30 2019 at 12:07
1189 posts
The reason it doesn't work, is because it breaks the FIFO rule.
You cannot reduce the newest trade, it has to be the oldest trade first, once it's gone, then the next oldest.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Sep 01 2019 at 20:37
1189 posts
ripperdave posted:
Dear Colleagues,

You might notice the new FIFO policy at Oanda.
I made a Java API script to fix it.
It makes existing trades and orders unique size. It changes the size of the orders and decrease the size of existing trades by closing some units.

I used it on my real account.

Write me private message if you are interested.

Kind regards,
David

Oanda no longer supports the Java API set.
It's REST or FIX or MT4 only now.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Sep 16 2019 at 17:01
1189 posts
Oanda no longer supports Java api.
It's on their website.



Attachments:

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Sep 16 2019 at 17:05
1189 posts
REST API V20 isn't the same thing is JAVA API.
Regardless though of which API you are using, you CANNOT reduce NEW tickets, you have to use the FIFO rule which clearly states FIRST IN FIRST OUT, Older tickets must be closed before newer tickets can be modified.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
ripperdave
Sep 22 2019 at 09:05
5 posts
You are right.

I made my positions unique size by REST API V20 with Java API wrapper.
https://github.com/oanda/v20-java

I applied the program on my real Oanda account (real money).

It is FACT and not theory nor opinion.

Professional4X
Sep 22 2019 at 09:47
1189 posts
ripperdave posted:
You are right.

I made my positions unique size by REST API V20 with Java API wrapper.
https://github.com/oanda/v20-java

I applied the program on my real Oanda account (real money).

It is FACT and not theory nor opinion.


The regulations are very clear.
You CANNOT adjust a new order before the old order.
THIS is a fact. And it's the regulatory rule.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
ripperdave
Sep 23 2019 at 04:00
5 posts
Fact: My old trades were adjusted... See my original post for more information.





Attachments:

Professional4X
Sep 23 2019 at 04:29
1189 posts
ripperdave posted:
Fact: My old trades were adjusted... See my original post for more information.

The screenshot doesn't show you reduced a newer ticket while the older ticket was still open.

You cannot reduce a NEW ticket before before closing the older tickets first. If a broker under current US Regulations allows a US customer to do this, then it's a violation of the current regulations, and Oanda abides by all regulations as required by law.

You can set all the SL and TP to the same, but you CANNOT close or reduce a NEW ticket before closing out the older tickets first.

ALSO... The image you posted is for EUROPE based accounts which is under different regulations that US brokers.

 

If it looks too good to be true, it's probably a scam! Let the buyer beware.
ripperdave
Sep 23 2019 at 14:01
5 posts
I have proved my original statement.

I am sorry that you could not handle it.
That is ok.
Thank you for your cooperation and feedback.
Have a great day.

Kind regards,
David

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