Can I install a bot on the OANDA trading platform? Does the plateform easily accept them?
Oanda supports MT4, so you could use an EA, and its free
Alternatively they have an API, there’s a set up charge and a fee of $600 per month, although the cost is discounted if your trading reasonable volume each month ($50 rebate per 1M). Libraries are available for C++, Java, .Net etc
There’s at least one third party charting application that integrates with Oanda, and the costs are around $100 per month (cant remember the name, but could look it up if anyones interested)
A few people have developed scripts using software that record keystrokes / mouse clicks etc. These types of applications are used to automate repetative tasks or test software, but some people have used them automate the placement of trades through Oanda’s Java platform. Its against the T&C’s, and if Oanda modify their user interface, there’s a chance the the application wont work, but some people have been quite successfull using this approach.
MT4 seams the easiest and cheapest, but I wasnt particularly impressed with the demo
I’m currently running an EA on OANDA’s MT4 platform, works great.