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OANDA Broker Profile

1,482 bytes added, 13:05, 27 October 2023
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'''<div style="background-color: #E3FBE5;">Click [http://www.multicharts.com/downloads/tutorials/OANDA.mp4 here] to see the video tutorial on how to connect OANDA Broker Profile.</div>'''
 
If you need '''data''' from OANDA data source, make sure you have [[OANDA|'''OANDA data feed''']] set up.
 
It is not possible to log into '''two different accounts''' (different login/password) of the same type at a time. You can log into a Live account and a Demo account at the same time, but not two Live or two Demo connections simultaneously.
Open position Profit/Loss is calculated in MultiCharts as it is not provided by OANDA API.
For FOREX trade size should be equal to the amount number of units, not trade lots. Stop-Limit orders are not supported by OANDA.
StopOANDA does not support Native One-Cancels-Others group. In this case MultiCharts emulates an OCO-Limit group on its end. Simulated OCO-group means that all OCO orders are not supported sent to the broker, price is monitored by MultiCharts and once one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command to cancel the second OCO order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the OANDAbroker (see [[Trading Risks# OCO-Orders Risk|OCO-Orders Risk]]).
'''<div style="background-color: #E3FBE5;">Note: OANDA does not support Native Access Token expires in 8 days. Onewill need to re-Cancels-Others groupauthorize his OANDA connection to obtain a new token. In this case MultiCharts emulates OCO group <br>OANDA systems may be unavailable during the weekend due to maintenance on its the broker end. Simulated OCO-group means that all OCO orders are sent to Once the broker, price system is monitored by MultiCharts and once up one of the orders is filled, other orders from this OCO group are cancelled by MultiCharts. When one of the OCO orders is filled, MultiCharts sends a command needs to cancel re-authorize in the second OCO pop-up window in order to broker. Note that the second order may also be filled if price reaches its level before the cancellation is processed by the broker (see [[Trading Risks# OCOre-Orders Risk|OCO-Orders Risk]])establish connection to OANDA.</div>'''
====Setting up OANDA Broker Profile====
* Select the '''fxTrade Practice''' button for demo account or '''fxTrade''' button for live account.
When you connect the OANDA broker profile a new window will open where you should enter your OANDA Username and Passwordand select the required account.
<br>
Here <div style="background-color: #F0F8FF;">After the broker profile is set up, you can find select it for trading, see the '''[http://www[How to Select a Broker Account For Trading]]''' guide.multicharts.com/downloads/tutorials</div> == Troubleshooting ==* '''After clicking “Sign In” the OANDA Network Logon window opens up again'''<br>Make sure the correct account type is selected in the OANDA.mp4 broker profile settings: '''fxTrade Practice''' for demo account or '''fxTrade''' for live account<br>* '''Impossible to connect to OANDA Video Tutorial].trading system'''<br> This message usually appears when an OANDA Europe or TMS account is used.<br>OANDA restricts API trade execution from 3rd party platforms for European residents registered under OANDA Europe Limited to conform the MIFID 2 regulations.<br>Please contact the OANDA team to get an account that allows 3rd party access. 
[[Category:Broker Profiles]]

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