oanda platform

[jlmac27]

My question is I want to go with oanda for it's reliability I here about on this site and also the micro account.But I really don't like there platform at all.I read somewhere around here about someone using MTA4 but actually placing orders with oanda.Can someone give me some insight? I currently have an account with GFT with $250.But that isn't going to go to well with a mini account I will be margined out for sure..Any help would be appreciated.Thank you.

[Xaron]

You can't use Metatrader directly with Oanda. You just use Metatrader as a charting tool and place trades at Oanda in it's own Java-application. So you need both on your computer.

Regards - Xaron

[Stick2FX]

Maybe oanda's platform is not so 'fancy' as MT4, maybe it lacks some colors, but u can use it even more efficiently than MT4. Other pluses are: faster execution, reliability, and u can trade 5 cents if u wish.
I like double indicators windows, very convenient. And, the last one, their spread is unbeatable.

[Vatslav]

I use both Oanda and MT4. The only reason I have downloaded MT4 is that I can test systems on it. With "F12" you can scroll 1 candle at a time on MT4, and that makes testing much easier

But otherwise you can get Oanda to look the same as MT4 platform.
I don't know if you know, but it is possible to change colours on oanda platform..

Sorry for my English, but I hope you understand what I mean.
I attached 2 screenshots for comparison between Oanda and MT4 graphs.

[jlmac27]

Are you happy with the indicators? I might give them another try to see if I can adapt.I just really like dealbook 360 it is user friendly and I guess it has just grown on me.Any other brokers trustworthy with the option of micro lots and a better platform? Thanks again for your help!!!

[topchess]

Oanda lacks a good analysis platform. But let us not deny the fact, that is one of the best, if not the best broker online now.

Here is what you could do-- Get the Northfinance demo MetaTrader for analysis, then place trades with Oanda.

[jlmac27]

I think I will do that topchess.Like I said I am currently with GFT,really like the platform but do micro account.With my funds and experience I want a micro to start out with you know.You think north finance though huh? I here good things about metatrader.a lot of peeps use that here.Well thank you again for the help my friend, good trading!!

[topchess]

I would not use NorthFinance for my live trading, simply they give you a flexible 100:1 until 500:1 leverage. This is a trouble when you come to live trading. If you want to trade micros, in cents without any limits on trade size, then Oanda is what you look for. Search google for Oanda, or even have a visit to their forums. It gained enough reputation and most important it's regulated.

I am not saying that Northfinance is bucket shop but I have tested some brokers, and conclusion is that Oanda is the top broker for micro lots, low spreads and starting traders, with low risk capped 50:1 leverage. I consider myself a "beginner" in forex so it's fine.

Having said that, North Finance MT4 platform is the best free analysis software. I can't live without any of them..

[jlmac27]

I just downloaded metatrader,I really like it! You say you use metatrader but trade oanda.Do you just have both windows open when trading kinda jump back and forth?

[jlmac27]

I must say GFT dealbook 360 is a good platform but metatrader is an excellent platform more options all the way around, user friendly. Don't know why I am really posting this. I guess just to let anyone else looking for a good platform to check out metatrader4.I am very pleased with it.ok that's it for now happy trading everyone!!!!