Excellent tools continue to pour out from OANDA Lab
On the afternoon of Friday, January 5, 2017, when the year had just begun,I visited OANDA Japan Co., Ltd. and spoke with Director Miyamura of the Marketing Department about the company’s direction and initiatives.
As is symbolic of the fact that the two founders taught in the mathematics and science departments at university,OANDA Lab has released a variety of well-known tools.
OANDA Lab
Various tools developed at OANDA Lab are available for free, provided certain trading conditions are met.
Among them, the tool that many professionals, including prominent analysts and traders who appear in various media, refer to as a reference is the visualization of pending orders and pending settlements on MT4, the “OANDA Open Order Indicator.”
In a recent articleThe market is controlled by positions: “OANDA Open Order Indicator”Please refer to it as well.
According to Director Miyamura, OANDA operates in the United Kingdom, Hong Kong, Japan, and eight countries around the world, with bases in a majority of the major currency market hubs—from Wellington (New Zealand) in the morning Japan time, to London, New York, and other locations.
Moreover, since a considerable number of clients exist at each base and conduct trades accumulating positions, the information displayed by the “OANDA Open Order Indicator” is said to be not far off from the entire forex market’s true state.
The “OANDA Open Order Indicator” can be viewed as similar to a stock market order book, and by using it one can grasp the movements of other investors.
Also, EA using OANDA Open Order data, “Open Order EA,” has begun providing.
In the future, parameters for the “Open Order EA” will be set by OANDA Japan’s dealers who will distribute information daily, making it an exciting plan.
The “OANDA Open Order Indicator” requires deposits of over 200,000 yen for trades of 100,000 units or more, and the “Open Order EA” requires deposits of over 300,000 yen and trades of 100,000 units or more, but both tools are provided free of charge.
Additionally, OANDA Japan offers three account types with different usage conditions.
Basic Course allows discretionary trading with tools such as fxTrade and MT4, but is designed for discretionary trading only and does not support automated trading.
Trading unit is 1,000 units (0.01 lots), and the trading limit is 250,000 units.
They employ NDD (Non Direct Dealing), not taking opposing positions of customers, and directly placing orders in the interbank market to enhance transparency. Swap points are updated every second.
The Pro Course adds API access in addition to fxTrade and MT4, enabling both discretionary and automated trading.
Trading unit is 1,000 units (0.01 lots), and the trading limit is 3,000,000 units.
Like the Basic Course, it employs NDD and swap points are updated every second.
OANDA Japan FX (MT4 Tokyo Server) Course allows the use of fxTrade, MT4, and API,
and enables both discretionary and automated trading.
Trading unit is 10,000 units (0.1 lots), and the trading limit is 1,000,000 units.
Like the Basic Course, it employs NDD and swap points are updated daily.
This MT4 Tokyo Server is used for the OANDA Japan FX Tokyo Server Real Trade Contest
is held until February 28, 2017.
The top-ranked users receive prize money, and those who participate in the contest and trade
will receive the “OANDA Open Order Indicator.”
Why not participate in the contest and take a look at the OANDA Lab?
