OANDA Broker Profile

Click here to see the video tutorial on how to connect OANDA Broker Profile.

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 of units, not trade lots.

Stop-Limit orders are not supported by the OANDA.

OANDA does not support Native One-Cancels-Others group. In this case MultiCharts emulates OCO group on its end. Simulated OCO-group means that all OCO orders are 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 broker (see OCO-Orders Risk).

Setting up OANDA Broker Profile

In the Properties OANDA window (see Managing Broker Profiles) enter the information provided by OANDA:

• 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 Password.

Here you can find OANDA Video Tutorial.