Oanda's MetaTrader 4 - 24/365 data feed

[Trdr]

Oanda's FXTrade is able to be used to trade fx pairs 24/365 a year
when Oanda release their MetaTrader 4 platform it will be set up for 24/365 trading -
the data feed will be continuous, no weekend downtime

what this means for charts is that there will be large spaces between price bars of
the various minutes timeframes, a Saturday gap on the Daily if no trades are made
and extra price bars added to charts prior to the 'regular trading hours' open
the 24/365 data feed will change chart geometry and the alignment of any line tools
being used such as trendlines, channels, fans; as well any time targets methods
being used will see the targets change.

personally I don't want the 24/365 feed and I emailed Oanda asking if they'd provide
2 data feeds for their MT4, one with the 24/365 and one with the regular trading hours

in my 12 months trading experience with Oanda, some trading begins on Sunday's
as early as 10am PST, regular MT4 trading hours begin at 3pm PST
the earliest I've seen trading activity on FXTrade charts is the Saturday morning of
the Greek debt financing weekend - May 7-10/10

there's no question the additional hours are tradeable, last weekend for instance the
price went as high as 1.3417 at Oanda then declined, so the gap open didn't exist
with Oanda, only with rth MT4s

if you're concerned about Oanda's MetaTrader 4 ' 24/365 data feed ' - email them to:
[email protected]

 

[tar]

Oanda's MT4 demo is working and there is no weekend data :

http://www.trade2win.com/boards/metatrader/115012-oandas-mt4.html

 

[Trdr]

tar, via Oanda Support
"MetaTrader has a feature whereby when it hasn't received a tick on an instrument
in 2.5 hours, it freezes trading on that instrument. This means that on the weekend
you will not be able to trade through MetaTrader. However the rates team is working
on a fix to do a 'rate refresh' every hour or so, which means that MetaTrader will be
receiving ticks within its 2.5 hour cutoff time, and customers will be able to trade.
This fix will enable clients to trade on the weekend as well.
When this issue is fixed, you will be able to trade on weekends with MT4."

 

[TheBramble]

Who are you going to be trading with over the weekend, other OANDA-ites? LOL.

And I bet the spreads are wonderful - for OANDA.

I did use OANDA at one time until I found out my funds were not ring-fenced. If they go down, you lose your capital.

The other factor with OANDA, even though they did come up with a number of innovative features for clients, is their technical support for the various flavours of trading platform was DIRE.

 

[tar]

Who are you going to be trading with over the weekend, other OANDA-ites? LOL.

And I bet the spreads are wonderful - for OANDA.

I did use OANDA at one time until I found out my funds were not ring-fenced. If they go down, you lose your capital.

The other factor with OANDA, even though they did come up with a number of innovative features for clients, is their technical support for the various flavours of trading platform was DIRE.

With Oanda Canada your funds protected up to 1 million $ ...

 

[TheBramble]

With Oanda Canada your funds protected up to 1 million $ ...

Are you running a managed account or an indivdual client one?

Perhaps it is a Canadian legal statute. When I was with OANDA it was under their US office and there was NO cover for client funds.

 

[tar]

Are you running a managed account or an indivdual client one?

Perhaps it is a Canadian legal statute. When I was with OANDA it was under their US office and there was NO cover for client funds.

Individual ...
yeah US office will give you no protection, but OANDA Canada accounts are available to anyone with a Canadian bank account and it covers you up to 1 million $

http://www.cipf.ca/Public/CIPFCoverage/CoveragePolicy.aspx

 

[scose-no-doubt]

Does this mean the end of gaps?

 

[Benny Dorm]

Who are you going to be trading with over the weekend, other OANDA-ites? LOL.

And I bet the spreads are wonderful - for OANDA.

I did use OANDA at one time until I found out my funds were not ring-fenced. If they go down, you lose your capital.

The other factor with OANDA, even though they did come up with a number of innovative features for clients, is their technical support for the various flavours of trading platform was DIRE.

So who, may I ask, do you use now?

 

[AEsparza]

I did use OANDA at one time until I found out my funds were not ring-fenced. If they go down, you lose your capital.

The other factor with OANDA, even though they did come up with a number of innovative features for clients, is their technical support for the various flavours of trading platform was DIRE.

TheBramble,

As a brief intro I am the Community Manager at OANDA.

As tar has pointed out the client account segregation and funds insurance varies by regulatory body. The conditions you mention for OANDA accounts are only valid for US clients, or if you opened a US account. OANDA Canada and Singapore have different regulations that limit some aspects for example the max leverage is lower in Canada while at the same time offering more protection CAD $1 M insurance.

I am sorry you had a bad customer service experience. OANDA has always had a good reputation for good customer service and technical support but I have to admit that not every interaction is going to be perfect but we are striving towards customer satisfaction. There are now more available CS reps and tech support personnel and I can assure you we have learned from the past to give out a better trading and support experience to clients.

 

[gedward3]

Does this mean the end of gaps?

Scose,

Not if their in your teeth